BWA vs FSS vs HRI Stock Comparison

Borgwarner, Federal Signal and Herc Holdings Prices as of Nov 4, 2026 Peers: Industry group
BWA Borgwarner Inc
$50.41 -16.4% 1M +14.3% 1Y
Market cap
$10.12B
P/E
21.2x
Revenue (TTM)
$14.24B
Div. yield
1.35%
Heavy Equipment Industrials
3 wins
FSS Federal Signal Corp /De/
$117.93 +1.2% 1M +3.8% 1Y
Market cap
$7.20B
P/E
24.2x
Revenue (TTM)
$2.55B
Div. yield
0.50%
Heavy Equipment Industrials
6 wins
HRI Herc Holdings Inc
$158.40 +16.9% 1M +18.1% 1Y
Market cap
$5.29B
P/E
43.0x
Revenue (TTM)
$4.92B
Div. yield
1.77%
Equipment Rental Industrials
3 wins

Head to Head

12 decided of 12

Federal Signal leads on 6 of the 12 questions below (Federal Signal 6, Borgwarner 3, Herc Holdings 3). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionBWAFSSHRILeader
Larger companyMarket capitalisation $10.12B $7.20B $5.29B BWA
Cheaper on earningsLower P/E, profitable companies only 21.2x 24.2x 43.0x BWA
Cheaper on forward earningsLower price / next fiscal year consensus EPS 9.4x 24.0x 22.9x BWA
Faster revenue growthRevenue growth, trailing twelve months +0.4% +24.0% +19.4% FSS
More profitableNet margin, trailing twelve months 3.4% 11.7% 2.5% FSS
Better return on capitalReturn on invested capital 5.9% 16.0% 21.2% HRI
Less leveragedLower net debt / EBITDA — 0.7x 3.0x FSS
Higher dividend yieldTrailing dividend yield 1.35% 0.50% 1.77% HRI
Better 1-year returnPrice return, last 12 months +14.3% +3.8% +18.1% HRI
Better 5-year returnAnnualised price return, 5 years +1.5%/yr +20.6%/yr -4.0%/yr FSS
Less volatileAnnualised volatility, 1 year 41.0% 33.2% 61.3% FSS
Higher overall scoreMean of the five percentile scores vs peers 64/100 78/100 55/100 FSS

Percentile Scorecard

BWAFSSHRI

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisBWAFSSHRI
Valuation 96 #9 of 204 58 #86 of 204 64 #17 of 46
Growth 51 #94 of 191 94 #13 of 191 90 #5 of 39
Profitability 48 #99 of 189 90 #20 of 189 65 #15 of 41
Financial Health 43 #127 of 221 78 #49 of 221 13 #43 of 49
Shareholder Returns 84 #27 of 159 69 #50 of 159 42 #20 of 34
Overall 64 78 55
  • BWA ranked among 223 companies in Machinery
  • FSS ranked among 223 companies in Machinery
  • HRI ranked among 49 companies in Distribution and Rental

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodBWAFSSHRISPY
1 month -16.4%+1.2%+16.9% -1.0%
3 months -24.5%-9.5%-6.1% -0.4%
6 months -15.1%-5.4%+16.5% +4.5%
Year to date +11.9%+8.6%+6.8% +12.4%
1 year +14.3%+3.8%+18.1% +13.6%
3 years +51.1%+83.3%+27.7% +76.4%
3 years, per year +14.8%+22.4%+8.5% +20.8%
5 years +7.5%+154.7%-18.3% +63.7%
5 years, per year +1.5%+20.6%-4.0% +10.4%
10 years +47.9%+858.8%+418.7% +267.7%
10 years, per year +4.0%+25.4%+17.9% +13.9%

Risk

MeasureBWAFSSHRISPY
Volatility, 1Y 41.0%33.2%61.3% 12.8%
Downside volatility, 1Y 34.7%32.2%53.9% 12.7%
Beta vs S&P 500, 1Y 1.331.181.84 1.00
Return / volatility, 1Y 0.350.110.30 1.06
Max drawdown, 5Y -51.1%-33.3%-62.0% -25.4%
From 52-week high -34.6%-11.8%-12.5% -1.6%
52-week high $77.03$133.73$181.12 $779.14
52-week low $40.96$104.77$91.04 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleBWAFSSHRI
P/E now vs peer median 21.2xmedian 25.5x 24.2xmedian 25.5x 43.0xmedian 25.1x
P/S now vs peer median 0.7xmedian 1.9x 2.8xmedian 1.9x 1.1xmedian 1.1x
EV/EBITDA now vs peer median —median 14.4x 14.8xmedian 14.4x 5.0xmedian 13.2x
P/FCF now vs peer median 8.8xmedian 23.3x 19.7xmedian 23.3x -27.4xmedian 20.8x
P/B now vs peer median 1.7xmedian 2.2x 4.6xmedian 2.2x 2.7xmedian 2.5x
PEG now vs peer median -2.41median 1.16 0.91median 1.16 -1.29median 2.23

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsBWAFSSHRI
Revenue $14.24B $2.55B $4.92B
Gross profit $2.79B $741.70M $3.01B
Operating income $770.00M $412.80M $2.36B
Net income $538.00M $296.90M $123.00M
Free cash flow $1.15B $365.10M -$193.00M
EPS (diluted) $2.34 $4.83 $3.67
Cash & equivalents $1.58B $73.70M $66.00M
Total debt $3.01B $420.30M $8.04B
Shares (diluted) 204.60M 61.50M 33.50M
Enterprise value $1.86B $6.92B $5.09B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricBWAFSSHRI
P/E 21.2x 24.2x 43.0x
P/FCF 8.8x 19.7x -27.4x
P/Operating cash flow 6.0x 17.9x 4.2x
P/S 0.7x 2.8x 1.1x
P/B 1.7x 4.6x 2.7x
P/Tangible book 1.8x 6.0x 12.4x
EV/EBITDA – 14.8x 5.0x
EV/EBIT 15.0x 18.3x 5.6x
EV/Revenue 0.8x 3.0x 2.7x
EV/FCF 10.0x 20.7x -68.7x
EV/Operating cash flow 6.9x 18.7x 10.5x
PEG (3Y EPS CAGR) -2.41 0.91 -1.29

Growth

14 metrics
MetricBWAFSSHRI
Revenue growth (1Y) 0.4% 24.0% 19.4%
Revenue CAGR (3Y) 0.6% 15.2% 14.9%
Gross profit growth (1Y) 6.3% 24.8% 14.9%
Gross profit CAGR (3Y) 3.1% 20.2% 12.6%
Operating income growth (1Y) 68.1% 26.0% 23.8%
Operating income CAGR (3Y) -12.4% 25.7% 12.3%
Net income growth (1Y) 186.2% 25.9% 278.3%
Net income CAGR (3Y) -10.5% 26.8% -29.7%
EPS growth (1Y) 277.5% 25.7% 277.2%
EPS CAGR (3Y) -8.8% 26.7% -33.4%
Operating cash flow growth (1Y) -2.0% 62.4% 15.0%
Operating cash flow CAGR (3Y) 13.8% 45.6% 5.1%
Free cash flow growth (1Y) -7.4% 66.2% -3.8%
Free cash flow CAGR (3Y) 53.4% 53.2% 26.1%

Profitability

14 metrics
MetricBWAFSSHRI
Gross margin 19.6% 29.1% 61.2%
EBITDA margin – 19.9% 54.2%
Operating margin 5.4% 16.2% 47.9%
Pretax margin 5.3% 15.2% 2.8%
Net margin 3.4% 11.7% 2.5%
FCF margin 8.1% 14.3% -3.9%
Operating cash flow margin 11.8% 15.8% 25.8%
Return on equity 9.2% 19.2% 6.4%
Return on assets 4.0% 12.1% 0.9%
Return on invested capital 5.9% 16.0% 21.2%
Return on capital employed 8.5% 19.2% 18.3%
Asset turnover 1.0x 1.0x 0.4x
Cash conversion (OCF / net income) 3.1x 1.4x 10.3x
Stock comp / revenue 1.0% 0.6% 0.6%

Financial Health

11 metrics
MetricBWAFSSHRI
Debt / assets 22.8% 17.1% 57.2%
Debt / equity 0.5x 0.3x 4.1x
Net debt / EBITDA – 0.7x 3.0x
Debt / FCF 2.6x 1.2x -41.6x
Liabilities / assets 55.6% 35.7% 85.9%
Equity / assets 44.4% 64.3% 14.1%
Interest coverage – 17.9x –
Current ratio 1.4x 3.0x 1.1x
Quick ratio 1.0x 1.3x 1.0x
Cash ratio 0.4x 0.3x 0.1x
Altman Z-score 3.03 7.67 1.23

Shareholder Returns

7 metrics
MetricBWAFSSHRI
Dividend yield 1.3% 0.5% 1.8%
Net buyback yield 7.1% 0.0% -0.2%
Shareholder yield 8.5% 0.5% 1.6%
Payout ratio (earnings) 25.8% 12.1% 76.4%
Payout ratio (FCF) 12.1% 9.9% -48.7%
Dividend growth (1Y) 28.7% 9.4% 13.3%
Dividend CAGR (3Y) -1.4% 15.9% 8.8%

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusBWAFSSHRI
Forward P/E 9.4xFY2026 24.0xFY2026 22.9xFY2026
EPS, next fiscal year $5.38FY2026 $4.92FY2026 $6.93FY2026
EPS growth, next FY +9.6%FY2026 +16.3%FY2026 -8.9%FY2026
EPS growth, the year after +2.8% +10.0% +61.8%
Revenue, next fiscal year $13.71BFY2026 $2.79BFY2026 $4.76BFY2026
Revenue growth, next FY -4.2%FY2026 +28.1%FY2026 +8.6%FY2026
Revenue growth, the year after +0.7% -5.3% +15.0%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersBWAFSSHRI
Held by institutions 100.0% 100.0% 100.0%
Institutions holding 817 476 335
Change in shares held, QoQ +3.7% +3.9% +7.0%
Institutions buying 420 251 205
Institutions selling 296 152 87
Buyers to sellers 1.42 1.65 2.36

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

BWAFSSHRI
BWA 1.00 0.30 0.29
FSS 0.30 1.00 0.40
HRI 0.29 0.40 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, BWA, FSS and HRI?

Borgwarner (BWA) is the largest by market capitalisation: Borgwarner (BWA) $10.12B, Federal Signal (FSS) $7.20B, Herc Holdings (HRI) $5.29B.

Which stock is cheaper, BWA, FSS and HRI?

Borgwarner (BWA) trades on the lowest price-to-earnings ratio (Borgwarner (BWA) 21.2x, Federal Signal (FSS) 24.2x, Herc Holdings (HRI) 43.0x). On next year's consensus earnings, Borgwarner (BWA) is cheapest (Borgwarner (BWA) 9.4x, Federal Signal (FSS) 24.0x, Herc Holdings (HRI) 22.9x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Federal Signal (FSS) grew revenue fastest over the trailing twelve months: Borgwarner (BWA) +0.4%, Federal Signal (FSS) +24.0%, Herc Holdings (HRI) +19.4%.

Which company is more profitable?

Federal Signal (FSS) has the highest net margin (Borgwarner (BWA) 3.4%, Federal Signal (FSS) 11.7%, Herc Holdings (HRI) 2.5%). On return on invested capital, Herc Holdings (HRI) leads (Borgwarner (BWA) 5.9%, Federal Signal (FSS) 16.0%, Herc Holdings (HRI) 21.2%).

Which stock has performed better?

Over the past year Herc Holdings (HRI) returned the most: Borgwarner (BWA) +14.3%, Federal Signal (FSS) +3.8%, Herc Holdings (HRI) +18.1%. Over five years, Federal Signal (FSS) compounded fastest (Borgwarner (BWA) +1.5%/yr, Federal Signal (FSS) +20.6%/yr, Herc Holdings (HRI) -4.0%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Herc Holdings (HRI) has the highest dividend yield: Borgwarner (BWA) 1.35%, Federal Signal (FSS) 0.50%, Herc Holdings (HRI) 1.77%.

Which stock is riskier?

By one-year price volatility, Federal Signal (FSS) has been the steadiest (Borgwarner (BWA) 41.0%, Federal Signal (FSS) 33.2%, Herc Holdings (HRI) 61.3%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, BWA, FSS and HRI?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Federal Signal (FSS) leads on 6. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.