vs
FEDERAL SIGNAL CORP（FSS）与世纪互联（VNET）财务数据对比。点击上方公司名可切换其他公司
FEDERAL SIGNAL CORP的季度营收约是世纪互联的1.6倍（$597.1M vs $362.7M），FEDERAL SIGNAL CORP净利率更高（10.2% vs -10.7%，领先20.8%），FEDERAL SIGNAL CORP自由现金流更多（$89.5M vs $-193.1M），过去两年FEDERAL SIGNAL CORP的营收复合增速更高（18.5% vs 17.4%）
联邦信号公司是20世纪早期的美国企业，主营铁路信号设备的制造业务，总部坐落于美国纽约州奥尔巴尼市，其生产的相关信号产品在当时的美国轨道交通行业得到了广泛应用，具备一定的行业知名度。
VNET Group即世纪互联，是中国领先的第三方中立数据中心服务商，提供机柜托管、云基础设施、混合云部署及网络管理等解决方案，服务覆盖科技、金融、零售等多领域企业客户，为企业数字化运营提供稳定的算力与网络支撑。
FSS vs VNET — 直观对比
营收规模更大
FSS
是对方的1.6倍
$362.7M
净利率更高
FSS
高出20.8%
-10.7%
自由现金流更多
FSS
多$282.6M
$-193.1M
两年增速更快
FSS
近两年复合增速
17.4%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $597.1M | $362.7M |
| 净利润 | $60.8M | $-38.7M |
| 毛利率 | 28.4% | 20.9% |
| 营业利润率 | 14.0% | 0.5% |
| 净利率 | 10.2% | -10.7% |
| 营收同比 | 26.5% | — |
| 净利润同比 | 21.6% | — |
| 每股收益（稀释后） | $0.99 | — |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收FSSVNET
| Q4 25 | $597.1M | — | ||
| Q3 25 | $555.0M | $362.7M | ||
| Q2 25 | $564.6M | — | ||
| Q1 25 | $463.8M | $309.5M | ||
| Q4 24 | $472.0M | — | ||
| Q3 24 | $474.2M | $302.2M | ||
| Q2 24 | $490.4M | $274.4M | ||
| Q1 24 | $424.9M | $262.9M |
净利润FSSVNET
| Q4 25 | $60.8M | — | ||
| Q3 25 | $68.1M | $-38.7M | ||
| Q2 25 | $71.4M | — | ||
| Q1 25 | $46.3M | $-2.4M | ||
| Q4 24 | $50.0M | — | ||
| Q3 24 | $53.9M | $-2.1M | ||
| Q2 24 | $60.8M | $-1.1M | ||
| Q1 24 | $51.6M | $-22.0M |
毛利率FSSVNET
| Q4 25 | 28.4% | — | ||
| Q3 25 | 29.1% | 20.9% | ||
| Q2 25 | 30.0% | — | ||
| Q1 25 | 28.2% | 25.2% | ||
| Q4 24 | 28.1% | — | ||
| Q3 24 | 29.6% | 23.2% | ||
| Q2 24 | 29.4% | 21.3% | ||
| Q1 24 | 27.3% | 21.6% |
营业利润率FSSVNET
| Q4 25 | 14.0% | — | ||
| Q3 25 | 16.9% | 0.5% | ||
| Q2 25 | 17.3% | — | ||
| Q1 25 | 14.2% | 0.1% | ||
| Q4 24 | 14.9% | — | ||
| Q3 24 | 16.0% | 24.5% | ||
| Q2 24 | 16.5% | 0.2% | ||
| Q1 24 | 12.8% | 0.2% |
净利率FSSVNET
| Q4 25 | 10.2% | — | ||
| Q3 25 | 12.3% | -10.7% | ||
| Q2 25 | 12.6% | — | ||
| Q1 25 | 10.0% | -0.8% | ||
| Q4 24 | 10.6% | — | ||
| Q3 24 | 11.4% | -0.7% | ||
| Q2 24 | 12.4% | -0.4% | ||
| Q1 24 | 12.1% | -8.4% |
每股收益（稀释后）FSSVNET
| Q4 25 | $0.99 | — | ||
| Q3 25 | $1.11 | — | ||
| Q2 25 | $1.16 | — | ||
| Q1 25 | $0.75 | — | ||
| Q4 24 | $0.80 | — | ||
| Q3 24 | $0.87 | — | ||
| Q2 24 | $0.99 | — | ||
| Q1 24 | $0.84 | — |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $63.7M | $492.1M |
| 总债务越低越好 | $564.6M | — |
| 股东权益账面价值 | $1.4B | $890.8M |
| 总资产 | $2.4B | $6.1B |
| 负债/权益比越低杠杆越低 | 0.41× | — |
8季度趋势，按日历期对齐
现金及短期投资FSSVNET
| Q4 25 | $63.7M | — | ||
| Q3 25 | $54.4M | $492.1M | ||
| Q2 25 | $64.7M | — | ||
| Q1 25 | $57.5M | $544.3M | ||
| Q4 24 | $91.1M | — | ||
| Q3 24 | $73.7M | $219.5M | ||
| Q2 24 | $48.6M | $247.2M | ||
| Q1 24 | $48.9M | $246.9M |
总债务FSSVNET
| Q4 25 | $564.6M | — | ||
| Q3 25 | $201.2M | — | ||
| Q2 25 | $258.3M | — | ||
| Q1 25 | $266.9M | — | ||
| Q4 24 | $204.4M | — | ||
| Q3 24 | $223.3M | $1.2B | ||
| Q2 24 | $248.8M | — | ||
| Q1 24 | $266.8M | — |
股东权益FSSVNET
| Q4 25 | $1.4B | — | ||
| Q3 25 | $1.3B | $890.8M | ||
| Q2 25 | $1.3B | — | ||
| Q1 25 | $1.2B | $927.8M | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | $1.1B | $902.9M | ||
| Q2 24 | $1.1B | $900.6M | ||
| Q1 24 | $1.0B | $895.1M |
总资产FSSVNET
| Q4 25 | $2.4B | — | ||
| Q3 25 | $1.9B | $6.1B | ||
| Q2 25 | $1.9B | — | ||
| Q1 25 | $1.9B | $5.4B | ||
| Q4 24 | $1.8B | — | ||
| Q3 24 | $1.7B | $4.3B | ||
| Q2 24 | $1.7B | $4.0B | ||
| Q1 24 | $1.7B | $3.9B |
负债/权益比FSSVNET
| Q4 25 | 0.41× | — | ||
| Q3 25 | 0.15× | — | ||
| Q2 25 | 0.20× | — | ||
| Q1 25 | 0.22× | — | ||
| Q4 24 | 0.17× | — | ||
| Q3 24 | 0.19× | 1.28× | ||
| Q2 24 | 0.23× | — | ||
| Q1 24 | 0.26× | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $97.2M | $113.8M |
| 自由现金流经营现金流 - 资本支出 | $89.5M | $-193.1M |
| 自由现金流率自由现金流/营收 | 15.0% | -53.2% |
| 资本支出强度资本支出/营收 | 1.3% | 84.6% |
| 现金转化率经营现金流/净利润 | 1.60× | — |
| 过去12个月自由现金流最近4个季度 | $227.1M | $-589.7M |
8季度趋势，按日历期对齐
经营现金流FSSVNET
| Q4 25 | $97.2M | — | ||
| Q3 25 | $61.1M | $113.8M | ||
| Q2 25 | $59.7M | — | ||
| Q1 25 | $36.7M | $27.0M | ||
| Q4 24 | $90.6M | — | ||
| Q3 24 | $68.8M | $108.3M | ||
| Q2 24 | $40.6M | $55.8M | ||
| Q1 24 | $31.3M | $37.1M |
自由现金流FSSVNET
| Q4 25 | $89.5M | — | ||
| Q3 25 | $54.1M | $-193.1M | ||
| Q2 25 | $52.4M | — | ||
| Q1 25 | $31.1M | $-220.0M | ||
| Q4 24 | $82.1M | — | ||
| Q3 24 | $60.9M | $-95.0M | ||
| Q2 24 | $24.8M | $-81.6M | ||
| Q1 24 | $22.9M | $-102.2M |
自由现金流率FSSVNET
| Q4 25 | 15.0% | — | ||
| Q3 25 | 9.7% | -53.2% | ||
| Q2 25 | 9.3% | — | ||
| Q1 25 | 6.7% | -71.1% | ||
| Q4 24 | 17.4% | — | ||
| Q3 24 | 12.8% | -31.4% | ||
| Q2 24 | 5.1% | -29.8% | ||
| Q1 24 | 5.4% | -38.9% |
资本支出强度FSSVNET
| Q4 25 | 1.3% | — | ||
| Q3 25 | 1.3% | 84.6% | ||
| Q2 25 | 1.3% | — | ||
| Q1 25 | 1.2% | 79.8% | ||
| Q4 24 | 1.8% | — | ||
| Q3 24 | 1.7% | 67.3% | ||
| Q2 24 | 3.2% | 50.1% | ||
| Q1 24 | 2.0% | 53.0% |
现金转化率FSSVNET
| Q4 25 | 1.60× | — | ||
| Q3 25 | 0.90× | — | ||
| Q2 25 | 0.84× | — | ||
| Q1 25 | 0.79× | — | ||
| Q4 24 | 1.81× | — | ||
| Q3 24 | 1.28× | — | ||
| Q2 24 | 0.67× | — | ||
| Q1 24 | 0.61× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
FSS
| Vehiclesandequipment | $403.4M | 68% |
| Parts | $66.8M | 11% |
| Publicsafetyandsecurityequipment | $62.2M | 10% |
| Rentalincome | $19.0M | 3% |
| Industrialsignalingequipment | $18.2M | 3% |
| Other | $14.9M | 2% |
| Warningsystems | $12.6M | 2% |
VNET
暂无分部数据
