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FEDERAL SIGNAL CORP（FSS）与Walker & Dunlop, Inc.（WD）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Walker & Dunlop, Inc.的1.8倍（$597.1M vs $340.0M），FEDERAL SIGNAL CORP净利率更高（10.2% vs -12.9%，领先23.1%），FEDERAL SIGNAL CORP同比增速更快（26.5% vs -0.4%），FEDERAL SIGNAL CORP自由现金流更多（$89.5M vs $-680.1M），过去两年Walker & Dunlop, Inc.的营收复合增速更高（22.1% vs 18.5%）
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。
Walker & Dunlop, Inc.是美国乃至全球规模领先的商业地产金融与咨询服务机构，为客户提供覆盖商业地产领域的多元金融解决方案及专业咨询服务，业务辐射全球多个市场，在行业内拥有深厚的资源积累与广泛的市场认可度。
FSS vs WD — 直观对比
营收规模更大
FSS
是对方的1.8倍
$340.0M
营收增速更快
FSS
高出26.9%
-0.4%
净利率更高
FSS
高出23.1%
-12.9%
自由现金流更多
FSS
多$769.6M
$-680.1M
两年增速更快
WD
近两年复合增速
18.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $597.1M | $340.0M |
| 净利润 | $60.8M | $-13.9M |
| 毛利率 | 28.4% | — |
| 营业利润率 | 14.0% | -17.2% |
| 净利率 | 10.2% | -12.9% |
| 营收同比 | 26.5% | -0.4% |
| 净利润同比 | 21.6% | -131.0% |
| 每股收益（稀释后） | $0.99 | $-0.41 |
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FSSWD
| Q4 25 | $597.1M | $340.0M | ||
| Q3 25 | $555.0M | $337.7M | ||
| Q2 25 | $564.6M | $319.2M | ||
| Q1 25 | $463.8M | $237.4M | ||
| Q4 24 | $472.0M | $341.5M | ||
| Q3 24 | $474.2M | $292.3M | ||
| Q2 24 | $490.4M | $270.7M | ||
| Q1 24 | $424.9M | $228.1M |
净利润FSSWD
| Q4 25 | $60.8M | $-13.9M | ||
| Q3 25 | $68.1M | $33.5M | ||
| Q2 25 | $71.4M | $34.0M | ||
| Q1 25 | $46.3M | $2.8M | ||
| Q4 24 | $50.0M | $44.8M | ||
| Q3 24 | $53.9M | $28.8M | ||
| Q2 24 | $60.8M | $22.7M | ||
| Q1 24 | $51.6M | $11.9M |
毛利率FSSWD
| Q4 25 | 28.4% | — | ||
| Q3 25 | 29.1% | — | ||
| Q2 25 | 30.0% | — | ||
| Q1 25 | 28.2% | — | ||
| Q4 24 | 28.1% | — | ||
| Q3 24 | 29.6% | — | ||
| Q2 24 | 29.4% | — | ||
| Q1 24 | 27.3% | — |
营业利润率FSSWD
| Q4 25 | 14.0% | -17.2% | ||
| Q3 25 | 16.9% | 13.6% | ||
| Q2 25 | 17.3% | 14.5% | ||
| Q1 25 | 14.2% | 2.2% | ||
| Q4 24 | 14.9% | 15.3% | ||
| Q3 24 | 16.0% | 12.8% | ||
| Q2 24 | 16.5% | 10.4% | ||
| Q1 24 | 12.8% | 6.0% |
净利率FSSWD
| Q4 25 | 10.2% | -12.9% | ||
| Q3 25 | 12.3% | 9.9% | ||
| Q2 25 | 12.6% | 10.6% | ||
| Q1 25 | 10.0% | 1.2% | ||
| Q4 24 | 10.6% | 13.1% | ||
| Q3 24 | 11.4% | 9.9% | ||
| Q2 24 | 12.4% | 8.4% | ||
| Q1 24 | 12.1% | 5.2% |
每股收益（稀释后）FSSWD
| Q4 25 | $0.99 | $-0.41 | ||
| Q3 25 | $1.11 | $0.98 | ||
| Q2 25 | $1.16 | $0.99 | ||
| Q1 25 | $0.75 | $0.08 | ||
| Q4 24 | $0.80 | $1.32 | ||
| Q3 24 | $0.87 | $0.85 | ||
| Q2 24 | $0.99 | $0.67 | ||
| Q1 24 | $0.84 | $0.35 |
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 | $299.3M |
| 总债务越低越好 | $564.6M | — |
| 股东权益账面价值 | $1.4B | $1.7B |
| 总资产 | $2.4B | $5.1B |
| 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FSSWD
| Q4 25 | $63.7M | $299.3M | ||
| Q3 25 | $54.4M | $274.8M | ||
| Q2 25 | $64.7M | $233.7M | ||
| Q1 25 | $57.5M | $181.0M | ||
| Q4 24 | $91.1M | $279.3M | ||
| Q3 24 | $73.7M | $179.8M | ||
| Q2 24 | $48.6M | $208.1M | ||
| Q1 24 | $48.9M | $216.5M |
总债务FSSWD
| Q4 25 | $564.6M | — | ||
| Q3 25 | $201.2M | — | ||
| Q2 25 | $258.3M | — | ||
| Q1 25 | $266.9M | — | ||
| Q4 24 | $204.4M | — | ||
| Q3 24 | $223.3M | — | ||
| Q2 24 | $248.8M | — | ||
| Q1 24 | $266.8M | — |
股东权益FSSWD
| Q4 25 | $1.4B | $1.7B | ||
| Q3 25 | $1.3B | $1.8B | ||
| Q2 25 | $1.3B | $1.8B | ||
| Q1 25 | $1.2B | $1.7B | ||
| Q4 24 | $1.2B | $1.7B | ||
| Q3 24 | $1.1B | $1.7B | ||
| Q2 24 | $1.1B | $1.7B | ||
| Q1 24 | $1.0B | $1.7B |
总资产FSSWD
| Q4 25 | $2.4B | $5.1B | ||
| Q3 25 | $1.9B | $5.8B | ||
| Q2 25 | $1.9B | $4.7B | ||
| Q1 25 | $1.9B | $4.5B | ||
| Q4 24 | $1.8B | $4.4B | ||
| Q3 24 | $1.7B | $4.6B | ||
| Q2 24 | $1.7B | $4.2B | ||
| Q1 24 | $1.7B | $3.8B |
负债/权益比FSSWD
| Q4 25 | 0.41× | — | ||
| Q3 25 | 0.15× | — | ||
| Q2 25 | 0.20× | — | ||
| Q1 25 | 0.22× | — | ||
| Q4 24 | 0.17× | — | ||
| Q3 24 | 0.19× | — | ||
| 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 | $-664.3M |
| 自由现金流经营现金流 - 资本支出 | $89.5M | $-680.1M |
| 自由现金流率自由现金流/营收 | 15.0% | -200.0% |
| 资本支出强度资本支出/营收 | 1.3% | 4.6% |
| 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 | $-2.2B |
8季度趋势，按日历期对齐
经营现金流FSSWD
| Q4 25 | $97.2M | $-664.3M | ||
| Q3 25 | $61.1M | $-948.1M | ||
| Q2 25 | $59.7M | $-238.5M | ||
| Q1 25 | $36.7M | $-281.1M | ||
| Q4 24 | $90.6M | $129.4M | ||
| Q3 24 | $68.8M | $-202.0M | ||
| Q2 24 | $40.6M | $-237.8M | ||
| Q1 24 | $31.3M | $38.4M |
自由现金流FSSWD
| Q4 25 | $89.5M | $-680.1M | ||
| Q3 25 | $54.1M | $-950.4M | ||
| Q2 25 | $52.4M | $-241.0M | ||
| Q1 25 | $31.1M | $-284.7M | ||
| Q4 24 | $82.1M | $116.4M | ||
| Q3 24 | $60.9M | $-204.0M | ||
| Q2 24 | $24.8M | $-241.7M | ||
| Q1 24 | $22.9M | $35.2M |
自由现金流率FSSWD
| Q4 25 | 15.0% | -200.0% | ||
| Q3 25 | 9.7% | -281.5% | ||
| Q2 25 | 9.3% | -75.5% | ||
| Q1 25 | 6.7% | -120.0% | ||
| Q4 24 | 17.4% | 34.1% | ||
| Q3 24 | 12.8% | -69.8% | ||
| Q2 24 | 5.1% | -89.3% | ||
| Q1 24 | 5.4% | 15.4% |
资本支出强度FSSWD
| Q4 25 | 1.3% | 4.6% | ||
| Q3 25 | 1.3% | 0.7% | ||
| Q2 25 | 1.3% | 0.8% | ||
| Q1 25 | 1.2% | 1.5% | ||
| Q4 24 | 1.8% | 3.8% | ||
| Q3 24 | 1.7% | 0.7% | ||
| Q2 24 | 3.2% | 1.4% | ||
| Q1 24 | 2.0% | 1.4% |
现金转化率FSSWD
| Q4 25 | 1.60× | — | ||
| Q3 25 | 0.90× | -28.34× | ||
| Q2 25 | 0.84× | -7.02× | ||
| Q1 25 | 0.79× | -102.07× | ||
| Q4 24 | 1.81× | 2.89× | ||
| Q3 24 | 1.28× | -7.01× | ||
| Q2 24 | 0.67× | -10.49× | ||
| Q1 24 | 0.61× | 3.24× |
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% |
WD
暂无分部数据
