BWA vs FSS vs TEX Stock Comparison

Borgwarner, Federal Signal and Terex Prices as of Oct 23, 2026 Peers: Industry group
BWA Borgwarner Inc
$54.94 -9.2% 1M +25.7% 1Y
Market cap
$11.19B
P/E
27.0x
Revenue (TTM)
$14.34B
Div. yield
0.01%
Heavy Equipment Industrials
3 wins
FSS Federal Signal Corp /De/
$113.24 0.0% 1M -9.5% 1Y
Market cap
$6.95B
P/E
24.4x
Revenue (TTM)
$2.45B
Div. yield
0.01%
Heavy Equipment Industrials
7 wins
TEX Terex Corp
$51.29 -11.9% 1M -9.7% 1Y
Market cap
$5.79B
P/E
38.9x
Revenue (TTM)
$6.68B
Div. yield
0.01%
Heavy Equipment Industrials
2 wins

Head to Head

12 decided of 12

Federal Signal leads on 7 of the 12 questions below (Federal Signal 7, Borgwarner 3, Terex 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionBWAFSSTEXLeader
Larger companyMarket capitalisation $11.19B $6.95B $5.79B BWA
Cheaper on earningsLower P/E, profitable companies only 27.0x 24.4x 38.9x FSS
Cheaper on forward earningsLower price / next fiscal year consensus EPS 10.2x 23.0x 9.6x TEX
Faster revenue growthRevenue growth, trailing twelve months +2.2% +24.0% +29.2% TEX
More profitableNet margin, trailing twelve months 2.9% 11.7% 2.2% FSS
Better return on capitalReturn on invested capital 5.0% 15.3% 3.8% FSS
Less leveragedLower net debt / EBITDA — 0.8x 3.7x FSS
Higher dividend yieldTrailing dividend yield 0.01% 0.01% 0.01% BWA
Better 1-year returnPrice return, last 12 months +25.7% -9.5% -9.7% BWA
Better 5-year returnAnnualised price return, 5 years +4.0%/yr +21.9%/yr +2.4%/yr FSS
Less volatileAnnualised volatility, 1 year 40.8% 34.9% 49.1% FSS
Higher overall scoreMean of the five percentile scores vs peers 63/100 75/100 49/100 FSS

Percentile Scorecard

BWAFSSTEX

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

AxisBWAFSSTEX
Valuation 93 #16 of 203 52 #99 of 203 77 #48 of 203
Growth 47 #101 of 188 94 #13 of 188 42 #109 of 188
Profitability 50 #94 of 187 88 #23 of 187 33 #126 of 187
Financial Health 46 #120 of 222 75 #56 of 222 27 #163 of 222
Shareholder Returns 78 #34 of 153 66 #53 of 153 65 #55 of 153
Overall 63 75 49
  • BWA ranked among 222 companies in Machinery
  • FSS ranked among 222 companies in Machinery
  • TEX ranked among 222 companies in Machinery

Price Performance

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

Returns

PeriodBWAFSSTEXSPY
1 month -9.2%0.0%-11.9% -1.0%
3 months -14.7%-4.8%-26.6% +2.9%
6 months -2.4%-2.4%-18.1% +6.4%
Year to date +21.9%+4.3%-3.9% +11.4%
1 year +25.7%-9.5%-9.7% +13.1%
3 years +43.1%+96.0%+7.4% +79.4%
3 years, per year +12.7%+25.2%+2.4% +21.5%
5 years +21.9%+168.9%+12.8% +67.7%
5 years, per year +4.0%+21.9%+2.4% +10.9%
10 years +57.9%+794.5%+107.1% +255.2%
10 years, per year +4.7%+24.5%+7.6% +13.5%

Risk

MeasureBWAFSSTEXSPY
Volatility, 1Y 40.8%34.9%49.1% 12.7%
Downside volatility, 1Y 33.9%35.9%48.7% 12.7%
Beta vs S&P 500, 1Y 1.281.271.91 1.00
Return / volatility, 1Y 0.63-0.27-0.20 1.03
Max drawdown, 5Y -51.1%-33.3%-51.8% -25.4%
From 52-week high -28.7%-15.3%-31.2% -2.5%
52-week high $77.03$133.73$74.58 $779.14
52-week low $40.96$104.77$41.78 $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.

MultipleBWAFSSTEX
P/E now vs peer median 26.9xmedian 25.9x 24.2xmedian 25.9x 39.1xmedian 25.9x
P/S now vs peer median 0.8xmedian 1.9x 2.8xmedian 1.9x 0.9xmedian 1.9x
EV/EBITDA now vs peer median —median 13.7x 15.0xmedian 13.7x 13.0xmedian 13.7x
P/FCF now vs peer median 9.2xmedian 21.1x 20.4xmedian 21.1x 17.3xmedian 21.1x
P/B now vs peer median 1.9xmedian 2.3x 4.6xmedian 2.3x 1.2xmedian 2.3x
PEG now vs peer median -1.29median 1.19 0.85median 1.19 -0.94median 1.19

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 monthsBWAFSSTEX
Revenue $14.34B $2.45B $6.68B
Gross profit $2.79B $714.00M $1.18B
Operating income $716.00M $395.40M $382.00M
Net income $478.00M $285.40M $149.00M
Free cash flow $1.21B $339.20M $339.00M
EPS (diluted) $2.01 $4.64 $1.30
Cash & equivalents $2.45B $62.80M $407.00M
Total debt $3.87B $453.60M $2.69B
Shares (diluted) 206.30M 61.50M 114.20M
Enterprise value $2.15B $6.70B $3.71B

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
MetricBWAFSSTEX
P/E 26.9x 24.2x 39.1x
P/FCF 9.2x 20.4x 17.3x
P/Operating cash flow 6.5x 18.6x 12.9x
P/S 0.8x 2.8x 0.9x
P/B 1.9x 4.6x 1.2x
P/Tangible book 2.1x 6.2x 2.9x
EV/EBITDA – 15.0x 13.0x
EV/EBIT 17.6x 18.5x 21.3x
EV/Revenue 0.9x 3.0x 1.2x
EV/FCF 10.4x 21.5x 24.0x
EV/Operating cash flow 7.3x 19.6x 17.9x
PEG (3Y EPS CAGR) -1.29 0.85 -0.94

Growth

14 metrics
MetricBWAFSSTEX
Revenue growth (1Y) 2.2% 24.0% 29.2%
Revenue CAGR (3Y) 1.8% 16.1% 10.3%
Gross profit growth (1Y) 7.5% 24.5% 18.4%
Gross profit CAGR (3Y) 3.7% 22.1% 2.6%
Operating income growth (1Y) 49.2% 27.8% 2.4%
Operating income CAGR (3Y) -14.3% 28.8% -13.9%
Net income growth (1Y) 81.1% 28.8% -16.8%
Net income CAGR (3Y) -21.1% 28.6% -30.6%
EPS growth (1Y) 109.0% 28.4% -52.0%
EPS CAGR (3Y) -20.8% 28.6% -41.6%
Operating cash flow growth (1Y) 1.5% 45.6% 21.9%
Operating cash flow CAGR (3Y) 14.9% 59.2% 7.1%
Free cash flow growth (1Y) 2.2% 49.8% 43.6%
Free cash flow CAGR (3Y) 43.9% 73.3% 8.0%

Profitability

14 metrics
MetricBWAFSSTEX
Gross margin 19.5% 29.2% 17.7%
EBITDA margin – 19.8% 9.3%
Operating margin 5.0% 16.2% 5.7%
Pretax margin 4.9% 15.2% 2.8%
Net margin 2.9% 11.7% 2.2%
FCF margin 8.5% 13.9% 5.1%
Operating cash flow margin 12.0% 15.2% 6.8%
Return on equity 8.4% 19.4% 3.0%
Return on assets 3.5% 11.7% 1.4%
Return on invested capital 5.0% 15.3% 3.8%
Return on capital employed 6.8% 18.5% 4.5%
Asset turnover 1.0x 1.0x 0.7x
Cash conversion (OCF / net income) 3.6x 1.3x 3.1x
Stock comp / revenue 0.7% 0.6% 1.0%

Financial Health

11 metrics
MetricBWAFSSTEX
Debt / assets 27.8% 18.6% 26.0%
Debt / equity 0.7x 0.3x 0.5x
Net debt / EBITDA – 0.8x 3.7x
Debt / FCF 3.2x 1.3x 7.9x
Liabilities / assets 58.4% 38.2% 52.4%
Equity / assets 41.6% 61.8% 47.6%
Interest coverage – 19.3x 2.0x
Current ratio 2.1x 2.7x 1.8x
Quick ratio 1.7x 1.1x 0.9x
Cash ratio 0.7x 0.2x 0.2x
Altman Z-score 3.05 7.09 1.88

Shareholder Returns

7 metrics
MetricBWAFSSTEX
Dividend yield 1.2% 0.5% 1.3%
Net buyback yield 5.8% 0.0% 0.1%
Shareholder yield 7.0% 0.5% 1.4%
Payout ratio (earnings) 29.3% 12.6% 41.6%
Payout ratio (FCF) 11.5% 10.6% 18.3%
Dividend growth (1Y) 45.8% 13.6% 37.8%
Dividend CAGR (3Y) -4.0% 17.0% 17.4%

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.

ConsensusBWAFSSTEX
Forward P/E 10.2xFY2026 23.0xFY2026 9.6xFY2026
EPS, next fiscal year $5.38FY2026 $4.92FY2026 $5.32FY2026
EPS growth, next FY +9.6%FY2026 +16.3%FY2026 +7.9%FY2026
EPS growth, the year after +2.8% +10.0% +9.8%
Revenue, next fiscal year $13.71BFY2026 $2.79BFY2026 $8.62BFY2026
Revenue growth, next FY -4.2%FY2026 +28.1%FY2026 +59.1%FY2026
Revenue growth, the year after +0.8% -5.3% +8.5%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersBWAFSSTEX
Held by institutions 100.0% 100.0% 100.0%
Institutions holding 815 474 482
Change in shares held, QoQ +3.7% +3.9% +5.5%
Institutions buying 419 249 240
Institutions selling 295 152 164
Buyers to sellers 1.42 1.64 1.46

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.

BWAFSSTEX
BWA 1.00 0.25 0.51
FSS 0.25 1.00 0.53
TEX 0.51 0.53 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, BWA, FSS and TEX?

Borgwarner (BWA) is the largest by market capitalisation: Borgwarner (BWA) $11.19B, Federal Signal (FSS) $6.95B, Terex (TEX) $5.79B.

Which stock is cheaper, BWA, FSS and TEX?

Federal Signal (FSS) trades on the lowest price-to-earnings ratio (Borgwarner (BWA) 27.0x, Federal Signal (FSS) 24.4x, Terex (TEX) 38.9x). On next year's consensus earnings, Terex (TEX) is cheapest (Borgwarner (BWA) 10.2x, Federal Signal (FSS) 23.0x, Terex (TEX) 9.6x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Terex (TEX) grew revenue fastest over the trailing twelve months: Borgwarner (BWA) +2.2%, Federal Signal (FSS) +24.0%, Terex (TEX) +29.2%.

Which company is more profitable?

Federal Signal (FSS) has the highest net margin (Borgwarner (BWA) 2.9%, Federal Signal (FSS) 11.7%, Terex (TEX) 2.2%). On return on invested capital, Federal Signal (FSS) leads (Borgwarner (BWA) 5.0%, Federal Signal (FSS) 15.3%, Terex (TEX) 3.8%).

Which stock has performed better?

Over the past year Borgwarner (BWA) returned the most: Borgwarner (BWA) +25.7%, Federal Signal (FSS) -9.5%, Terex (TEX) -9.7%. Over five years, Federal Signal (FSS) compounded fastest (Borgwarner (BWA) +4.0%/yr, Federal Signal (FSS) +21.9%/yr, Terex (TEX) +2.4%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Borgwarner (BWA) has the highest dividend yield: Borgwarner (BWA) 0.01%, Federal Signal (FSS) 0.01%, Terex (TEX) 0.01%.

Which stock is riskier?

By one-year price volatility, Federal Signal (FSS) has been the steadiest (Borgwarner (BWA) 40.8%, Federal Signal (FSS) 34.9%, Terex (TEX) 49.1%). Volatility measures how widely the price swings, not the risk of the business.

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

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 7. 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.