Industrial - Pollution & Treatment Controls
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FSS vs MIDD vs TRMK vs ITW
Revenue, margins, valuation, and 5-year total return — side by side.
Industrial - Machinery
Banks - Regional
Industrial - Machinery
FSS vs MIDD vs TRMK vs ITW — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||||
|---|---|---|---|---|
| Industry | Industrial - Pollution & Treatment Controls | Industrial - Machinery | Banks - Regional | Industrial - Machinery |
| Market Cap | $7.35B | $7.38B | $2.64B | $73.64B |
| Revenue (TTM) | $2.34B | $3.73B | $1.12B | $16.22B |
| Net Income (TTM) | $271M | $-278M | $224M | $3.13B |
| Gross Margin | 28.4% | 37.9% | 71.0% | 44.1% |
| Operating Margin | 16.7% | -2.5% | 25.5% | 26.4% |
| Forward P/E | 25.2x | 17.0x | 11.5x | 22.7x |
| Total Debt | $595M | $2.17B | $1.12B | $8.97B |
| Cash & Equiv. | $64M | $222M | $668M | $851M |
FSS vs MIDD vs TRMK vs ITW — 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% |
| The Middleby Corpor… (MIDD) | 100 | 232.3 | +132.3% |
| Trustmark Corporati… (TRMK) | 100 | 188.7 | +88.7% |
| Illinois Tool Works… (ITW) | 100 | 148.2 | +48.2% |
Price return only. Dividends and distributions are not included.
Quick Verdict: FSS vs MIDD vs TRMK vs ITW
Each card shows where this stock fits in a portfolio — not just who wins on paper.
FSS is the clearest fit if your priority is 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 ITW's 189.4%
- Lower volatility, beta 1.20, Low D/E 43.0%, current ratio 3.02x
- PEG 1.21 vs ITW's 2.36
MIDD lags the leaders in this set but could rank higher in a more targeted comparison.
TRMK carries the broadest edge in this set and is the clearest fit for growth and value.
- 34.8% NII/revenue growth vs MIDD's -17.4%
- Lower P/E (11.5x vs 22.7x), PEG 1.42 vs 2.36
- 20.0% margin vs MIDD's -7.4%
ITW is the #2 pick in this set and the best alternative if income & stability and defensive is your priority.
- Dividend streak 12 yrs, beta 0.67, yield 2.4%
- Beta 0.67, yield 2.4%, current ratio 1.21x
- Beta 0.67 vs MIDD's 1.22
- 2.4% yield, 12-year raise streak, vs FSS's 0.5%, (1 stock pays no dividend)
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 34.8% NII/revenue growth vs MIDD's -17.4% | |
| Value | Lower P/E (11.5x vs 22.7x), PEG 1.42 vs 2.36 | |
| Quality / Margins | 20.0% margin vs MIDD's -7.4% | |
| Stability / Safety | Beta 0.67 vs MIDD's 1.22 | |
| Dividends | 2.4% yield, 12-year raise streak, vs FSS's 0.5%, (1 stock pays no dividend) | |
| Momentum (1Y) | +37.1% vs ITW's +9.0% | |
| Efficiency (ROA) | 19.4% ROA vs MIDD's -4.1%, ROIC 29.0% vs 8.7% |
FSS vs MIDD vs TRMK vs ITW — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Segment breakdown not available.
FSS vs MIDD vs TRMK vs ITW — Financial Metrics
Side-by-side numbers across 4 stocks — who leads on profitability, valuation, growth, and risk.
Who Leads Where
TRMK leads in 2 of 6 categories
ITW leads 2 • FSS leads 1 • MIDD leads 0 • 1 tied
Explore the data ↓Income & Cash Flow (Last 12 Months)
TRMK leads this category, winning 3 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
ITW is the larger business by revenue, generating $16.2B annually — 14.5x TRMK's $1.1B. TRMK is the more profitable business, keeping 20.0% 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 | $3.7B | $1.1B | $16.2B |
| EBITDAEarnings before interest/tax | $477M | $26M | $323M | $4.6B |
| Net IncomeAfter-tax profit | $271M | -$278M | $224M | $3.1B |
| Free Cash FlowCash after capex | $291M | $559M | $230M | $2.2B |
| Gross MarginGross profit ÷ Revenue | +28.4% | +37.9% | +71.0% | +44.1% |
| Operating MarginEBIT ÷ Revenue | +16.7% | -2.5% | +25.5% | +26.4% |
| Net MarginNet income ÷ Revenue | +11.6% | -7.4% | +20.0% | +19.3% |
| FCF MarginFCF ÷ Revenue | +12.4% | +15.0% | +20.7% | +13.6% |
| Rev. Growth (YoY)Latest quarter vs prior year | +34.9% | -14.5% | — | +4.6% |
| EPS Growth (YoY)Latest quarter vs prior year | +52.0% | -64.3% | +5.4% | +11.8% |
Valuation Metrics
TRMK leads this category, winning 4 of 7 comparable metrics.
Valuation Metrics
At 12.1x trailing earnings, TRMK trades at a 60% valuation discount to FSS's 30.0x P/E. Adjusting for growth (PEG ratio), FSS offers better value at 1.45x vs ITW's 2.53x — a lower PEG means you pay less per unit of expected earnings growth.
| Metric | ||||
|---|---|---|---|---|
| Market CapShares × price | $7.3B | $7.4B | $2.6B | $73.6B |
| Enterprise ValueMkt cap + debt − cash | $7.9B | $9.3B | $3.1B | $81.8B |
| Trailing P/EPrice ÷ TTM EPS | 30.04x | -29.41x | 12.13x | 24.36x |
| Forward P/EPrice ÷ next-FY EPS est. | 25.17x | 17.03x | 11.50x | 22.68x |
| PEG RatioP/E ÷ EPS growth rate | 1.45x | — | 1.50x | 2.53x |
| EV / EBITDAEnterprise value multiple | 18.01x | 13.56x | 9.49x | 17.74x |
| Price / SalesMarket cap ÷ Revenue | 3.37x | 2.30x | 2.36x | 4.59x |
| Price / BookPrice ÷ Book value/share | 5.36x | 2.94x | 1.28x | 23.15x |
| Price / FCFMarket cap ÷ FCF | 32.36x | 13.21x | 11.39x | 27.20x |
Profitability & Efficiency
ITW leads this category, winning 4 of 9 comparable metrics.
Profitability & Efficiency
ITW delivers a 97.4% return on equity — every $100 of shareholder capital generates $97 in annual profit, vs $-9 for MIDD. FSS carries lower financial leverage with a 0.43x debt-to-equity ratio, signaling a more conservative balance sheet compared to ITW's 2.78x. On the Piotroski fundamental quality scale (0–9), TRMK scores 7/9 vs ITW's 5/9, reflecting strong financial health.
| Metric | ||||
|---|---|---|---|---|
| ROE (TTM)Return on equity | +20.1% | -8.5% | +10.8% | +97.4% |
| ROA (TTM)Return on assets | +12.4% | -4.1% | +1.2% | +19.4% |
| ROICReturn on invested capital | +16.4% | +8.7% | +7.1% | +29.0% |
| ROCEReturn on capital employed | +19.6% | +10.1% | +3.2% | +38.7% |
| Piotroski ScoreFundamental quality 0–9 | 5 | 5 | 7 | 5 |
| Debt / EquityFinancial leverage | 0.43x | 0.78x | 0.53x | 2.78x |
| Net DebtTotal debt minus cash | $531M | $2.0B | $448M | $8.1B |
| Cash & Equiv.Liquid assets | $64M | $222M | $668M | $851M |
| Total DebtShort + long-term debt | $595M | $2.2B | $1.1B | $9.0B |
| Interest CoverageEBIT ÷ Interest expense | 20.81x | -1.20x | 0.75x | 14.53x |
Total Returns (Dividends Reinvested)
FSS leads this category, winning 5 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 $8,654 for MIDD. Over the past 12 months, FSS leads with a +37.1% total return vs ITW's +9.0%. 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% | +4.9% | +15.5% | +3.1% |
| 1-Year ReturnPast 12 months | +37.1% | +20.2% | +32.5% | +9.0% |
| 3-Year ReturnCumulative with dividends | +130.2% | +8.6% | +118.5% | +19.5% |
| 5-Year ReturnCumulative with dividends | +184.8% | -13.5% | +47.6% | +18.9% |
| 10-Year ReturnCumulative with dividends | +862.0% | +46.1% | +127.7% | +189.4% |
| CAGR (3Y)Annualised 3-year return | +32.0% | +2.8% | +29.8% | +6.1% |
Risk & Volatility
Evenly matched — TRMK and ITW each lead in 1 of 2 comparable metrics.
Risk & Volatility
ITW is the less volatile stock with a 0.67 beta — it tends to amplify market swings less than MIDD's 1.22 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. TRMK currently trades 97.6% from its 52-week high vs ITW's 84.3% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||||
|---|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.20x | 1.22x | 0.94x | 0.67x |
| 52-Week HighHighest price in past year | $132.89 | $169.44 | $45.99 | $303.16 |
| 52-Week LowLowest price in past year | $87.35 | $110.82 | $33.39 | $236.68 |
| % of 52W HighCurrent price vs 52-week peak | +90.6% | +93.4% | +97.6% | +84.3% |
| RSI (14)Momentum oscillator 0–100 | 62.5 | 52.2 | 56.0 | 45.3 |
| Avg Volume (50D)Average daily shares traded | 483K | 571K | 392K | 1.2M |
Analyst Outlook
ITW leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Analyst consensus: FSS as "Buy", MIDD as "Buy", TRMK as "Hold", ITW as "Hold". Consensus price targets imply 16.2% upside for FSS (target: $140) vs 1.4% for TRMK (target: $46). For income investors, ITW offers the higher dividend yield at 2.39% vs FSS's 0.46%.
| Metric | ||||
|---|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy | Hold | Hold |
| Price TargetConsensus 12-month target | $140.00 | $176.67 | $45.50 | $273.67 |
| # AnalystsCovering analysts | 11 | 20 | 9 | 28 |
| Dividend YieldAnnual dividend ÷ price | +0.5% | — | +2.2% | +2.4% |
| Dividend StreakConsecutive years of raises | 12 | 3 | 1 | 12 |
| Dividend / ShareAnnual DPS | $0.55 | — | $0.97 | $6.11 |
| Buyback YieldShare repurchases ÷ mkt cap | +0.5% | +9.8% | +3.0% | +2.0% |
TRMK leads in 2 of 6 categories (Income & Cash Flow, Valuation Metrics). ITW leads in 2 (Profitability & Efficiency, Analyst Outlook). 1 tied.
FSS vs MIDD vs TRMK vs ITW: Key Questions Answered
10 questions · data-driven answers · updated daily
01Is FSS or MIDD or TRMK or ITW a better buy right now?
For growth investors, Trustmark Corporation (TRMK) is the stronger pick with 34.
8% revenue growth year-over-year, versus -17. 4% for The Middleby Corporation (MIDD). Trustmark Corporation (TRMK) offers the better valuation at 12. 1x trailing P/E (11. 5x 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 MIDD or TRMK or ITW?
On trailing P/E, Trustmark Corporation (TRMK) is the cheapest at 12.
1x versus Federal Signal Corporation at 30. 0x. On forward P/E, Trustmark Corporation is actually cheaper at 11. 5x. The PEG ratio (P/E divided by earnings growth rate) is the most growth-adjusted single valuation metric: Federal Signal Corporation wins at 1. 21x versus Illinois Tool Works Inc. 's 2. 36x — a reasonable growth-adjusted valuation.
03Which is the better long-term investment — FSS or MIDD or TRMK or ITW?
Over the past 5 years, Federal Signal Corporation (FSS) delivered a total return of +184.
8%, compared to -13. 5% for The Middleby Corporation (MIDD). Over 10 years, the gap is even starker: FSS returned +862. 0% versus MIDD's +46. 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 MIDD or TRMK or ITW?
By beta (market sensitivity over 5 years), Illinois Tool Works Inc.
(ITW) is the lower-risk stock at 0. 67β versus The Middleby Corporation's 1. 22β — meaning MIDD is approximately 82% more volatile than ITW relative to the S&P 500. On balance sheet safety, Federal Signal Corporation (FSS) carries a lower debt/equity ratio of 43% versus 3% for Illinois Tool Works Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — FSS or MIDD or TRMK or ITW?
By revenue growth (latest reported year), Trustmark Corporation (TRMK) is pulling ahead at 34.
8% versus -17. 4% for The Middleby Corporation (MIDD). On earnings-per-share growth, the picture is similar: Federal Signal Corporation grew EPS 14. 6% 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 MIDD or TRMK or ITW?
Trustmark Corporation (TRMK) is the more profitable company, earning 20.
0% net margin versus -8. 7% for The Middleby Corporation — meaning it keeps 20. 0% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: ITW leads at 26. 3% versus 16. 4% for FSS. At the gross margin level — before operating expenses — TRMK leads at 71. 0%, 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 MIDD or TRMK or ITW 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, Federal Signal Corporation (FSS) is the more undervalued stock at a PEG of 1. 21x versus Illinois Tool Works Inc. 's 2. 36x. A PEG below 1. 5 suggests fair-to-attractive pricing relative to expected growth. On forward earnings alone, Trustmark Corporation (TRMK) trades at 11. 5x forward P/E versus 25. 2x for Federal Signal Corporation — 13. 7x 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 MIDD or TRMK or ITW?
In this comparison, ITW (2.
4% yield), TRMK (2. 2% 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 MIDD or TRMK or ITW better for a retirement portfolio?
For long-horizon retirement investors, Illinois Tool Works Inc.
(ITW) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 67), 2. 4% yield, +189. 4% 10Y return). Both have compounded well over 10 years (ITW: +189. 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 MIDD and TRMK and ITW?
These companies operate in different sectors (FSS (Industrials) and MIDD (Industrials) and TRMK (Financial Services) and ITW (Industrials)), which means they face different economic cycles, regulatory environments, and macro sensitivities — making direct comparison nuanced.
In terms of investment character: FSS is a small-cap high-growth stock; MIDD is a small-cap quality compounder stock; TRMK is a small-cap high-growth stock; ITW is a mid-cap quality compounder stock. TRMK, ITW 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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