Industrial - Pollution & Treatment Controls
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5 / 10Stock Comparison
FSS vs ASTE vs HLIO vs FELE vs MIDD
Revenue, margins, valuation, and 5-year total return — side by side.
Agricultural - Machinery
Industrial - Machinery
Industrial - Machinery
Industrial - Machinery
FSS vs ASTE vs HLIO vs FELE vs MIDD — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | |||||
|---|---|---|---|---|---|
| Industry | Industrial - Pollution & Treatment Controls | Agricultural - Machinery | Industrial - Machinery | Industrial - Machinery | Industrial - Machinery |
| Market Cap | $7.35B | $1.21B | $2.25B | $4.41B | $7.38B |
| Revenue (TTM) | $2.34B | $1.48B | $839M | $2.18B | $3.73B |
| Net Income (TTM) | $271M | $26M | $49M | $150M | $-278M |
| Gross Margin | 28.4% | 26.1% | 32.3% | 35.2% | 37.9% |
| Operating Margin | 16.7% | 3.7% | 7.8% | 12.6% | -2.5% |
| Forward P/E | 25.2x | 14.2x | 26.9x | 21.8x | 17.0x |
| Total Debt | $595M | $320M | $111M | $280M | $2.17B |
| Cash & Equiv. | $64M | $72M | $73M | $100M | $222M |
FSS vs ASTE vs HLIO vs FELE vs MIDD — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Federal Signal Corp… (FSS) | 100 | 413.4 | +313.4% |
| Astec Industries, I… (ASTE) | 100 | 124.8 | +24.8% |
| Helios Technologies… (HLIO) | 100 | 190.1 | +90.1% |
| Franklin Electric C… (FELE) | 100 | 197.0 | +97.0% |
| The Middleby Corpor… (MIDD) | 100 | 232.3 | +132.3% |
Price return only. Dividends and distributions are not included.
Quick Verdict: FSS vs ASTE vs HLIO vs FELE vs MIDD
Each card shows where this stock fits in a portfolio — not just who wins on paper.
FSS carries the broadest edge in this set and is the clearest fit for growth exposure and long-term compounding.
- Rev growth 17.1%, EPS growth 14.6%, 3Y rev CAGR 15.0%
- 8.6% 10Y total return vs FELE's 231.4%
- 17.1% revenue growth vs MIDD's -17.4%
- 11.6% margin vs MIDD's -7.4%
ASTE ranks third and is worth considering specifically for value.
- Lower P/E (14.2x vs 21.8x)
HLIO is the clearest fit if your priority is valuation efficiency.
- PEG 1.00 vs FELE's 2.50
- +134.6% vs FELE's +17.7%
FELE is the #2 pick in this set and the best alternative if income & stability and sleep-well-at-night is your priority.
- Dividend streak 32 yrs, beta 0.92, yield 1.1%
- Lower volatility, beta 0.92, Low D/E 21.1%, current ratio 2.79x
- Beta 0.92, yield 1.1%, current ratio 2.79x
- Beta 0.92 vs ASTE's 1.63, lower leverage
Among these 5 stocks, MIDD doesn't own a clear edge in any measured category.
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 17.1% revenue growth vs MIDD's -17.4% | |
| Value | Lower P/E (14.2x vs 21.8x) | |
| Quality / Margins | 11.6% margin vs MIDD's -7.4% | |
| Stability / Safety | Beta 0.92 vs ASTE's 1.63, lower leverage | |
| Dividends | 1.1% yield, 32-year raise streak, vs FSS's 0.5%, (1 stock pays no dividend) | |
| Momentum (1Y) | +134.6% vs FELE's +17.7% | |
| Efficiency (ROA) | 12.4% ROA vs MIDD's -4.1%, ROIC 16.4% vs 8.7% |
FSS vs ASTE vs HLIO vs FELE vs MIDD — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
FSS vs ASTE vs HLIO vs FELE vs MIDD — Financial Metrics
Side-by-side numbers across 5 stocks — who leads on profitability, valuation, growth, and risk.
Who Leads Where
FSS leads in 2 of 6 categories
FELE leads 1 • ASTE leads 0 • HLIO leads 0 • MIDD leads 0 • 3 tied
Explore the data ↓Income & Cash Flow (Last 12 Months)
FSS leads this category, winning 3 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
MIDD is the larger business by revenue, generating $3.7B annually — 4.4x HLIO's $839M. FSS is the more profitable business, keeping 11.6% of every revenue dollar as net income compared to MIDD's -7.4%. On growth, FSS holds the edge at +34.9% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | |||||
|---|---|---|---|---|---|
| RevenueTrailing 12 months | $2.3B | $1.5B | $839M | $2.2B | $3.7B |
| EBITDAEarnings before interest/tax | $477M | $84M | $129M | $322M | $26M |
| Net IncomeAfter-tax profit | $271M | $26M | $49M | $150M | -$278M |
| Free Cash FlowCash after capex | $291M | $44M | $103M | $169M | $559M |
| Gross MarginGross profit ÷ Revenue | +28.4% | +26.1% | +32.3% | +35.2% | +37.9% |
| Operating MarginEBIT ÷ Revenue | +16.7% | +3.7% | +7.8% | +12.6% | -2.5% |
| Net MarginNet income ÷ Revenue | +11.6% | +1.7% | +5.8% | +6.9% | -7.4% |
| FCF MarginFCF ÷ Revenue | +12.4% | +3.0% | +12.3% | +7.8% | +15.0% |
| Rev. Growth (YoY)Latest quarter vs prior year | +34.9% | +20.3% | +17.4% | +9.9% | -14.5% |
| EPS Growth (YoY)Latest quarter vs prior year | +52.0% | -90.3% | +3.1% | +13.4% | -64.3% |
Valuation Metrics
Evenly matched — ASTE and MIDD each lead in 3 of 7 comparable metrics.
Valuation Metrics
At 30.0x trailing earnings, FSS trades at a 36% valuation discount to HLIO's 46.9x P/E. Adjusting for growth (PEG ratio), FSS offers better value at 1.45x vs FELE's 3.53x — a lower PEG means you pay less per unit of expected earnings growth.
| Metric | |||||
|---|---|---|---|---|---|
| Market CapShares × price | $7.3B | $1.2B | $2.3B | $4.4B | $7.4B |
| Enterprise ValueMkt cap + debt − cash | $7.9B | $1.5B | $2.3B | $4.6B | $9.3B |
| Trailing P/EPrice ÷ TTM EPS | 30.04x | 31.55x | 46.89x | 30.75x | -29.41x |
| Forward P/EPrice ÷ next-FY EPS est. | 25.17x | 14.17x | 26.92x | 21.77x | 17.03x |
| PEG RatioP/E ÷ EPS growth rate | 1.45x | — | 1.74x | 3.53x | — |
| EV / EBITDAEnterprise value multiple | 18.01x | 14.36x | 17.74x | 13.82x | 13.56x |
| Price / SalesMarket cap ÷ Revenue | 3.37x | 0.86x | 2.68x | 2.07x | 2.30x |
| Price / BookPrice ÷ Book value/share | 5.36x | 1.80x | 2.43x | 3.41x | 2.94x |
| Price / FCFMarket cap ÷ FCF | 32.36x | 56.50x | 21.72x | 22.81x | 13.21x |
Profitability & Efficiency
Evenly matched — FSS and HLIO each lead in 4 of 9 comparable metrics.
Profitability & Efficiency
FSS delivers a 20.1% return on equity — every $100 of shareholder capital generates $20 in annual profit, vs $-9 for MIDD. HLIO carries lower financial leverage with a 0.12x debt-to-equity ratio, signaling a more conservative balance sheet compared to MIDD's 0.78x. On the Piotroski fundamental quality scale (0–9), HLIO scores 9/9 vs MIDD's 5/9, reflecting strong financial health.
| Metric | |||||
|---|---|---|---|---|---|
| ROE (TTM)Return on equity | +20.1% | +3.8% | +5.3% | +11.4% | -8.5% |
| ROA (TTM)Return on assets | +12.4% | +2.0% | +3.1% | +7.6% | -4.1% |
| ROICReturn on invested capital | +16.4% | +6.2% | +4.4% | +14.7% | +8.7% |
| ROCEReturn on capital employed | +19.6% | +7.2% | +4.8% | +18.1% | +10.1% |
| Piotroski ScoreFundamental quality 0–9 | 5 | 5 | 9 | 5 | 5 |
| Debt / EquityFinancial leverage | 0.43x | 0.47x | 0.12x | 0.21x | 0.78x |
| Net DebtTotal debt minus cash | $531M | $248M | $38M | $181M | $2.0B |
| Cash & Equiv.Liquid assets | $64M | $72M | $73M | $100M | $222M |
| Total DebtShort + long-term debt | $595M | $320M | $111M | $280M | $2.2B |
| Interest CoverageEBIT ÷ Interest expense | 20.81x | 5.48x | 3.84x | 24.75x | -1.20x |
Total Returns (Dividends Reinvested)
FSS leads this category, winning 4 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in FSS five years ago would be worth $28,481 today (with dividends reinvested), compared to $7,958 for ASTE. Over the past 12 months, HLIO leads with a +134.6% total return vs FELE's +17.7%. The 3-year compound annual growth rate (CAGR) favors FSS at 32.0% vs MIDD's 2.8% — a key indicator of consistent wealth creation.
| Metric | |||||
|---|---|---|---|---|---|
| YTD ReturnYear-to-date | +8.2% | +19.0% | +24.7% | +3.6% | +4.9% |
| 1-Year ReturnPast 12 months | +37.1% | +40.5% | +134.6% | +17.7% | +20.2% |
| 3-Year ReturnCumulative with dividends | +130.2% | +31.7% | +11.1% | +10.0% | +8.6% |
| 5-Year ReturnCumulative with dividends | +184.8% | -20.4% | -8.1% | +20.3% | -13.5% |
| 10-Year ReturnCumulative with dividends | +862.0% | +22.1% | +109.8% | +231.4% | +46.1% |
| CAGR (3Y)Annualised 3-year return | +32.0% | +9.6% | +3.6% | +3.2% | +2.8% |
Risk & Volatility
Evenly matched — FELE and MIDD each lead in 1 of 2 comparable metrics.
Risk & Volatility
FELE is the less volatile stock with a 0.92 beta — it tends to amplify market swings less than ASTE's 1.63 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. MIDD currently trades 93.4% from its 52-week high vs ASTE's 80.7% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | |||||
|---|---|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.20x | 1.63x | 1.56x | 0.92x | 1.22x |
| 52-Week HighHighest price in past year | $132.89 | $65.65 | $76.47 | $111.53 | $169.44 |
| 52-Week LowLowest price in past year | $87.35 | $36.43 | $28.34 | $83.42 | $110.82 |
| % of 52W HighCurrent price vs 52-week peak | +90.6% | +80.7% | +88.9% | +89.6% | +93.4% |
| RSI (14)Momentum oscillator 0–100 | 62.5 | 39.1 | 55.2 | 54.8 | 52.2 |
| Avg Volume (50D)Average daily shares traded | 483K | 227K | 350K | 281K | 571K |
Analyst Outlook
FELE leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Analyst consensus: FSS as "Buy", ASTE as "Buy", HLIO as "Buy", FELE as "Hold", MIDD as "Buy". Consensus price targets imply 16.2% upside for FSS (target: $140) vs -32.1% for ASTE (target: $36). For income investors, FELE offers the higher dividend yield at 1.11% vs FSS's 0.46%.
| Metric | |||||
|---|---|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy | Buy | Hold | Buy |
| Price TargetConsensus 12-month target | $140.00 | $36.00 | $77.00 | $100.00 | $176.67 |
| # AnalystsCovering analysts | 11 | 12 | 12 | 11 | 20 |
| Dividend YieldAnnual dividend ÷ price | +0.5% | +1.0% | +0.5% | +1.1% | — |
| Dividend StreakConsecutive years of raises | 12 | 0 | 1 | 32 | 3 |
| Dividend / ShareAnnual DPS | $0.55 | $0.51 | $0.36 | $1.11 | — |
| Buyback YieldShare repurchases ÷ mkt cap | +0.5% | 0.0% | +0.6% | +3.8% | +9.8% |
FSS leads in 2 of 6 categories (Income & Cash Flow, Total Returns). FELE leads in 1 (Analyst Outlook). 3 tied.
FSS vs ASTE vs HLIO vs FELE vs MIDD: Key Questions Answered
10 questions · data-driven answers · updated daily
01Is FSS or ASTE or HLIO or FELE or MIDD a better buy right now?
For growth investors, Federal Signal Corporation (FSS) is the stronger pick with 17.
1% revenue growth year-over-year, versus -17. 4% for The Middleby Corporation (MIDD). Federal Signal Corporation (FSS) offers the better valuation at 30. 0x trailing P/E (25. 2x forward), making it the more compelling value choice. Analysts rate Federal Signal Corporation (FSS) a "Buy" — based on 11 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — FSS or ASTE or HLIO or FELE or MIDD?
On trailing P/E, Federal Signal Corporation (FSS) is the cheapest at 30.
0x versus Helios Technologies, Inc. at 46. 9x. On forward P/E, Astec Industries, Inc. is actually cheaper at 14. 2x — notably different from the trailing picture, reflecting expected earnings growth. The PEG ratio (P/E divided by earnings growth rate) is the most growth-adjusted single valuation metric: Helios Technologies, Inc. wins at 1. 00x versus Franklin Electric Co. , Inc. 's 2. 50x — a PEG below 1. 0 traditionally signals the market is underpricing earnings growth.
03Which is the better long-term investment — FSS or ASTE or HLIO or FELE or MIDD?
Over the past 5 years, Federal Signal Corporation (FSS) delivered a total return of +184.
8%, compared to -20. 4% for Astec Industries, Inc. (ASTE). Over 10 years, the gap is even starker: FSS returned +862. 0% versus ASTE's +22. 1%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — FSS or ASTE or HLIO or FELE or MIDD?
By beta (market sensitivity over 5 years), Franklin Electric Co.
, Inc. (FELE) is the lower-risk stock at 0. 92β versus Astec Industries, Inc. 's 1. 63β — meaning ASTE is approximately 78% more volatile than FELE relative to the S&P 500. On balance sheet safety, Helios Technologies, Inc. (HLIO) carries a lower debt/equity ratio of 12% versus 78% for The Middleby Corporation — giving it more financial flexibility in a downturn.
05Which is growing faster — FSS or ASTE or HLIO or FELE or MIDD?
By revenue growth (latest reported year), Federal Signal Corporation (FSS) is pulling ahead at 17.
1% versus -17. 4% for The Middleby Corporation (MIDD). On earnings-per-share growth, the picture is similar: Astec Industries, Inc. grew EPS 784. 2% year-over-year, compared to -168. 1% for The Middleby Corporation. Over a 3-year CAGR, FSS leads at 15. 0% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — FSS or ASTE or HLIO or FELE or MIDD?
Federal Signal Corporation (FSS) is the more profitable company, earning 11.
3% net margin versus -8. 7% for The Middleby Corporation — meaning it keeps 11. 3% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: MIDD leads at 18. 4% versus 4. 6% for ASTE. At the gross margin level — before operating expenses — MIDD leads at 39. 1%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is FSS or ASTE or HLIO or FELE or MIDD more undervalued right now?
The PEG ratio (forward P/E divided by expected earnings growth rate) is the most precise measure of undervaluation relative to growth potential.
By this metric, Helios Technologies, Inc. (HLIO) is the more undervalued stock at a PEG of 1. 00x versus Franklin Electric Co. , Inc. 's 2. 50x. A PEG below 1. 0 is traditionally considered the threshold for growth-adjusted undervaluation. On forward earnings alone, Astec Industries, Inc. (ASTE) trades at 14. 2x forward P/E versus 26. 9x for Helios Technologies, Inc. — 12. 8x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for FSS: 16. 2% to $140. 00.
08Which pays a better dividend — FSS or ASTE or HLIO or FELE or MIDD?
In this comparison, FELE (1.
1% yield), ASTE (1. 0% yield), HLIO (0. 5% yield), FSS (0. 5% yield) pay a dividend. MIDD does not pay a meaningful dividend and should not be held primarily for income.
09Is FSS or ASTE or HLIO or FELE or MIDD better for a retirement portfolio?
For long-horizon retirement investors, Franklin Electric Co.
, Inc. (FELE) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 92), 1. 1% yield, +231. 4% 10Y return). Both have compounded well over 10 years (FELE: +231. 4%, MIDD: +46. 1%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between FSS and ASTE and HLIO and FELE and MIDD?
Both stocks operate in the Industrials sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: FSS is a small-cap high-growth stock; ASTE is a small-cap quality compounder stock; HLIO is a small-cap quality compounder stock; FELE is a small-cap quality compounder stock; MIDD is a small-cap quality compounder stock. ASTE, HLIO, FELE pay a dividend while FSS, MIDD do not, making them suitable for different income and tax situations. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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