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Federal Signal Corp. (FSS)

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Federal Signal Corp. (FSS) reported revenue of $670 million for Q2 FY2026, the quarter ended 30 June 2026, up 18.7% on the same quarter a year earlier. Net income was $86 million, up 20.6% on the year, and diluted earnings per share $1.40. The figures are the company's own, from the 10-Q it filed with the SEC on 30 July 2026.

Revenue$670 millionup 18.7%
Net income$86 millionup 20.6%
Diluted EPS$1.40
QuarterQ2 FY2026ended 30 June 2026

Federal Signal (FSS) in brief

Federal Signal (FSS) reported revenue of $2.2 billion for fiscal 2025, the year ended 31 December 2025, up 17.1% on the year before.
Read moreNet income was $247 million and diluted earnings per share $4.01. Revenue was $1.9 billion in fiscal 2024, $1.7 billion in fiscal 2023, $1.4 billion in fiscal 2022 and $1.2 billion in fiscal 2021. Net income in the same years was $216 million, $157 million, $120 million and $101 million. Over the twelve months to 30 June 2026, Federal Signal reported revenue of $2.4 billion and net income of $285 million. Revenue grew 14.0% a year, compounded, over the five years to fiscal 2025. Federal Signal declared $0.56 a share in dividends over the last four quarters and had 61 million shares outstanding at the latest filed count. At 30 June 2026 it carried $448 million of debt and $63 million of cash. At the close of 9 October 2026 the market cap of Federal Signal was $6.9 billion, 24.5 times its earnings over the last twelve months.

Ratios

From the filings

ROE18.9%
ROCE20.2%
Operating margin16.2%
Net margin11.7%
FCF margin13.9%
Interest cover19.29
Debt to equity0.30
Cash conversion1.31
Share count, 1 year0.4%
Sales CAGR, 3 years15.0%
Profit CAGR, 3 years27.0%
EPS, TTM$4.64

At the close of 9 October 2026

Price$113.67
Market cap$6.9 billion
Stock P/E24.50
Price to book4.60
EV / EBITDA15.08
Dividend yield0.5%
Market cap / sales2.83
52-week high$133.86
52-week low$104.77
Price, 1 year-3.5%
Price CAGR, 3 years22.9%
Price CAGR, 5 years22.8%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on the one borrowings figure Federal Signal Corp. files, which has finance leases inside it; operating leases are a separate line. Nothing here is a valuation or a view.
FSSgreeksoup.ai
Daily prices to 9 October 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on FSS

Filings18 in twelve months: 8 current reports (8-K), about 3 regulation FD disclosure; 2 other events; 1 shareholder vote; 1 officer or director change; 1 acquisition or disposition completed
Planned insider sales3 Form 144 notices in twelve months, $8.5 million; latest 4 August 2026
Options tapeput/call 0.88 by open interest at the 9 October 2026 close; the straddle prices a 4.4% move to 16 October 2026
13F holders7 of the followed funds hold it; largest Geode Capital Management; 3 Schedule 13D or 13G filings in twelve months
Insider trading13 sales and 1 purchase on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest3.8 million shares short, 7.71 days to cover at 30 September 2026
Documentsthe 10-K, the 10-Qs, the proxy and 0 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025 †Q3 FY2025 †Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue446448425490474472464565555597626670
Cost of revenue329329309346334339333395394428446466
Gross profit118119116144140133131170162169179204
Gross margin26%27%27%29%30%28%28%30%29%28%29%30%
SG&A50.654.157.258.360.158.460.266.961.467.472.078.3
Operating income62.563.154.381.175.970.165.797.794.083.599.7118
Operating margin14%14%13%17%16%15%14%17%17%14%16%18%
Interest expense5.14.33.23.23.03.13.03.52.84.86.96.0
Pre-tax income57.158.550.977.572.662.962.093.490.578.692.2111
Tax rate24%21%-1%22%26%21%25%24%25%23%24%23%
Net income43.346.451.660.853.950.046.371.468.160.870.486.1
Net margin10%10%12%12%11%11%10%13%12%10%11%13%
Diluted EPS$0.71$0.74$0.84$0.99$0.87$0.80$0.75$1.16$1.11$0.99$1.14$1.40
Operating cash flow48.010331.340.668.890.636.759.761.197.2101113
Capital expenditure5.78.98.415.87.98.55.67.37.07.76.711.9
Free cash flow42.394.522.924.860.982.131.152.454.189.594.6101
Buybacks4.31.20.10.04.42.218.521.20.00.00.00.1
Dividends paid6.16.17.37.47.37.38.68.59.28.49.29.1
Shares outstanding61m61m61m61m61m61m61m61m61m61m61m61m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 12 fiscal years and the trailing twelve months

FY2014 †FY2015 †FY2016 †FY2017 †FY2018FY2019 †FY2020 †FY2021FY2022FY2023FY2024FY2025TTM
Revenue7797687088981,0901,2211,1311,2131,4351,7231,8622,1802,448
Cost of revenue5705425256778078988379241,0901,2721,3281,5491,734
Gross profit209226183221282323294289345450533631714
Gross margin26.8%29.4%25.9%24.6%25.9%26.4%26.0%23.8%24.0%26.1%28.6%28.9%29.2%
Selling, general and administrative120122120144159164149149172210234256279
Operating income88.710360.873.6122147131131161224281341395
Operating margin11.4%13.4%8.6%8.2%11.2%12.0%11.6%10.8%11.2%13.0%15.1%15.6%16.2%
Interest expense3.62.31.97.39.37.95.74.510.319.712.514.120.5
Pre-tax income83.499.956.861.0112139125118151203264324373
Income tax23.734.117.40.517.930.228.517.030.545.647.677.987.3
Effective tax rate28.4%34.1%30.6%0.8%16.0%21.8%22.9%14.5%20.2%22.5%18.0%24.0%23.4%
Net income63.763.543.861.694.010896.2101120157216247285
Net margin8.2%8.3%6.2%6.9%8.6%8.9%8.5%8.3%8.4%9.1%11.6%11.3%11.7%
Diluted EPS$1.00$1.00$0.71$1.02$1.54$1.76$1.56$1.63$1.97$2.56$3.50$4.01$4.64
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by segment

FY2023FY2024FY2025Share
latest year
Environmental Solutions1,4381,5571,83884.3%
Safety And Security Systems28530434315.7%
Environmental SolutionsSafety And Security Systems
1,723FY20231,862FY20242,180FY2025

$ million; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow and capital returned

FY2014 †FY2015 †FY2016 †FY2017 †FY2018FY2019 †FY2020 †FY2021FY2022FY2023FY2024FY2025TTM
Operating cash flow72.397.224.772.892.810313610271.8194231255372
Capital expenditure13.79.66.18.014.135.429.737.453.030.340.627.633.3
Free cash flow58.687.618.664.878.767.710664.418.8164191227339
Free cash flow margin7.5%11.4%2.6%7.2%7.2%5.5%9.4%5.3%1.3%9.5%10.2%10.4%13.9%
Cash from investing-11.6-12.8-16.8-278-11.0-84.4-34.4-169-99.7-83.7-78.9-528-496
Cash from financing-53.7-33.0-36.4191-81.2-24.6-53.426.435.5-97.9-121244121
Depreciation and amortisation11.512.319.130.036.441.544.850.454.760.465.380.590.3
Share-based compensation6.16.84.84.67.68.88.47.610.213.115.615.015.0
Buybacks10.310.637.80.01.21.013.715.416.15.56.739.70.1
Dividends paid5.615.616.916.818.719.319.422.021.823.829.334.135.9
Dividend per share$0.09$0.25$0.28$0.28$0.31$0.32$0.32$0.36$0.36$0.39$0.48$0.56n/a
Diluted shares, weighted64m63m61m60m61m62m62m62m61m62m62m62m62m
Shares outstanding at period end62m62m60m60m60m60m60m61m61m61m61m61m61m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2014 †FY2015 †FY2016 †FY2017 †FY2018FY2019 †FY2020 †FY2021FY2022FY2023FY2024FY2025TTM
Funded by
Shareholders' equity3724063944575306427027848611,0021,1861,3821,508
Short-term borrowings0.0n/an/an/an/an/an/an/an/an/an/an/an/a
Debt44.043.763.5277209220209281361297211565448
Operating lease liabilitiesn/an/an/an/a0.021.615.522.118.514.921.821.623.6
Finance lease liabilitiesn/an/an/an/an/a0.40.41.51.30.80.52.1n/a
Other liabilities243217186258284282281278283306346422461
Total liabilities and equity6596666439921,0241,1661,2091,3661,5241,6201,7652,3932,440
Owned
Fixed assets52.745.042.960.162.091.9107142179191219275290
Goodwill235232236377375389394432453473478620637
Intangible assetsn/a0.210.2152143163154206208208200383387
Cash and equivalents24.176.050.737.537.431.681.740.547.561.091.163.762.8
Receivables73.673.081.3118124134127136174186196292289
Inventory87.687.2120137157183185229293303331472480
Other assets186154102110124173160181169199250288295
Total assets6596666439921,0241,1661,2091,3661,5241,6201,7652,3932,440
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded11.0%14.0%15.0%24.0%
Profit growth, compounded14.5%20.7%27.0%28.8%
Return on equity, average15.2%15.7%17.3%17.8%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was Federal Signal's revenue in fiscal 2025?

Federal Signal (FSS) reported revenue of $2.2 billion for fiscal 2025, the year ended 31 December 2025, up 17.1% on the year before.

How much did Federal Signal earn in fiscal 2025?

Net income was $247 million for fiscal 2025, and diluted earnings per share $4.01.

What is Federal Signal's P/E ratio?

At the close of 9 October 2026, Federal Signal traded at 24.5 times its earnings over the twelve months to 30 June 2026.

What is Federal Signal's market cap?

The market cap of Federal Signal was $6.9 billion at the close of 9 October 2026.

Does Federal Signal pay a dividend?

Yes. Federal Signal declared $0.56 a share in dividends over the four quarters to 30 June 2026.

Peers: Automobiles and Trucks

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Tesla, Inc. TSLA$1.51 trillion354.334.4%4.2%11.8%0.09n/a
Toyota Motor Corp. TM *$219.3 billion9.909.6%7.4%5.5%1.083.8%
General Motors Co. GM$72.6 billion41.793.1%1.0%-1.1%2.060.7%
Ferrari N.V. RACE *$69.1 billion38.6440.9%29.5%7.0%0.740.9%
Paccar Inc. PCAR$56.9 billion22.7012.3%n/a-10.6%0.722.5%
Ford Motor Co. F$48.5 billionn/a-20.7%-3.7%1.5%4.516.2%
Honda Motor Co. Ltd. HMC *$42.4 billionn/a-3.6%-1.9%0.5%1.144.5%
Stellantis N.V. STLA *$13.0 billionn/a-41.8%-17.1%-2.1%0.8617.1%
Li Auto Inc. LI *$11.7 billion71.661.5%-0.5%-22.3%0.13n/a
XPeng Inc. XPEV *$9.5 billionn/a-3.8%-3.6%87.7%0.42n/a
NIO Inc. NIO *$8.9 billionn/a-374.3%-16.0%33.1%3.36n/a
Oshkosh Corp. OSK$7.7 billion14.3412.3%7.5%2.2%0.131.6%
All 36 in Automobiles and Trucks
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Tesla, Inc. TSLA$1.51 trillion354.334.4%4.2%11.8%0.09n/a
Toyota Motor Corp. TM *$219.3 billion9.909.6%7.4%5.5%1.083.8%
General Motors Co. GM$72.6 billion41.793.1%1.0%-1.1%2.060.7%
Ferrari N.V. RACE *$69.1 billion38.6440.9%29.5%7.0%0.740.9%
Paccar Inc. PCAR$56.9 billion22.7012.3%n/a-10.6%0.722.5%
Ford Motor Co. F$48.5 billionn/a-20.7%-3.7%1.5%4.516.2%
Honda Motor Co. Ltd. HMC *$42.4 billionn/a-3.6%-1.9%0.5%1.144.5%
Stellantis N.V. STLA *$13.0 billionn/a-41.8%-17.1%-2.1%0.8617.1%
Borgwarner Inc. BWA$12.5 billion30.667.4%5.0%2.2%0.690.9%
Li Auto Inc. LI *$11.7 billion71.661.5%-0.5%-22.3%0.13n/a
XPeng Inc. XPEV *$9.5 billionn/a-3.8%-3.6%87.7%0.42n/a
Aptiv plc APTV$9.1 billion41.322.5%5.3%-5.4%0.610.0%
Allison Transmission Holdings Inc. ALSN$9.1 billion17.4726.7%19.6%37.6%2.071.0%
NIO Inc. NIO *$8.9 billionn/a-374.3%-16.0%33.1%3.36n/a
Autoliv Inc. ALV$8.0 billion12.9425.8%9.2%5.9%0.682.8%
Oshkosh Corp. OSK$7.7 billion14.3412.3%7.5%2.2%0.131.6%
Federal Signal Corp. FSS$6.9 billion24.5018.9%16.2%24.0%0.300.5%
Lear Corp. LEA$5.8 billion10.9910.7%3.7%3.5%0.520.7%
Terex Corp. TEX$5.8 billion25.853.0%5.7%29.2%0.541.3%
Gentex Corp. GNTX$4.4 billion11.1316.0%19.3%10.1%0.002.3%
Dorman Products, Inc. DORM$3.6 billion16.6614.5%14.5%3.3%0.29n/a
Atmus Filtration Technologies Inc. ATMU$3.5 billion16.4147.3%17.2%13.1%2.200.5%
Thor Industries Inc. THO$3.3 billion18.844.2%n/a0.3%0.203.3%
Dana Inc. DAN$3.2 billion2.9258.1%n/a3.7%0.691.5%
Versigent plc VGNT$3.1 billionn/a468.2%5.9%n/a26.16n/a
Polaris Inc. PII$2.9 billionn/a-31.1%-2.6%8.4%2.295.2%
Visteon Corp. VC$2.3 billion11.178.9%n/a-1.1%0.180.4%
Phinia Inc. PHIN$2.1 billion16.568.8%7.0%7.7%0.631.9%
Patrick Industries Inc. PATK$2.0 billion15.0413.0%6.7%3.2%1.252.0%
LCI Industries LCII$1.9 billion9.1014.8%7.5%4.1%0.605.9%
Dauch Corp. DCH$1.3 billionn/a-11.0%1.0%41.0%3.39n/a
Goodyear Tire & Rubber Co. GT$1.3 billionn/an/an/a-4.3%2.320.0%
Adient plc ADNT$1.3 billion29.022.8%n/a5.0%1.381.6%
Gentherm Inc. THRM$912 million34.133.7%4.0%8.7%0.38n/a
Standard Motor Products, Inc. SMP$819 million16.377.1%8.4%11.3%0.823.4%
Winnebago Industries Inc. WGO$660 million17.183.1%2.4%3.4%0.365.9%
12 companies share its SEC industry code (Motor Vehicles & Passenger Car Bodies); the rest are the names nearest in size in its wider industry, Automobiles and Trucks, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q30 June 202630 July 2026EDGAR
10-Q31 March 202629 April 2026EDGAR
10-K31 December 202525 February 2026EDGAR
10-Q30 September 202530 October 2025EDGAR
10-Q30 June 202530 July 2025EDGAR
10-Q31 March 202530 April 2025EDGAR
10-K31 December 202426 February 2025EDGAR
10-Q30 September 202431 October 2024EDGAR
10-Q30 June 202425 July 2024EDGAR
10-Q31 March 202430 April 2024EDGAR

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