Financials · FSS

Federal Signal Corporation (FSS) financials

For the twelve months ended Sep 30, 2026, Federal Signal Corporation reported $2.55B of revenue and $296.90M of net income.

Revenue, TTM
$2.55B
Revenue growth, YoY
+24.0%
Net income, TTM
$296.90M
Net income growth, YoY
+25.9%
Net margin
11.7%
Free cash flow, TTM
$365.10M
EPS, diluted, TTM
$4.82
EPS growth, YoY
+26.2%
Cash
$73.70M
Total debt
$419.90M
P/E
24.09
P/S
2.81
Market cap
$7.15B
Annual revenue$2.18B
FY2016FY2025
Annual net income$246.60M
FY2016FY2025
Annual free cash flow$227.10M
FY2016FY2025

FSS revenue and earnings growth

FSS revenueQ3 2026$655.50M

Quarter YoY
+18.1%
QoQ
-2.2%
FY YoY
+17.1%
5Y CAGR
+14.0%
10Y CAGR
+11.0%

FSS revenue was $655.50M in fiscal Q3 2026 (ended Sep 30, 2026), up 18.1% from a year earlier and down 2.2% from the prior quarter. For the full fiscal 2025 it was $2.18B, up 17.1% from fiscal 2024. Compound annual growth was +14.0% over 5 years and +11.0% over 10 years. It rose in 8 of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

FSS net incomeQ3 2026$79.60M

Quarter YoY
+16.9%
QoQ
-7.5%
FY YoY
+14.0%
5Y CAGR
+20.7%
10Y CAGR
+14.5%

FSS net income was $79.60M in fiscal Q3 2026 (ended Sep 30, 2026), up 16.9% from a year earlier and down 7.5% from the prior quarter. For the full fiscal 2025 it was $246.60M, up 14.0% from fiscal 2024. Compound annual growth was +20.7% over 5 years and +14.5% over 10 years. It rose in 8 of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

FSS EPSQ3 2026$1.29

Quarter YoY
+16.2%
QoQ
-7.9%
FY YoY
+14.6%
5Y CAGR
+20.8%
10Y CAGR
+14.9%

FSS diluted EPS was $1.29 in fiscal Q3 2026 (ended Sep 30, 2026), up 16.2% from a year earlier and down 7.9% from the prior quarter. For the full fiscal 2025 it was $4.01, up 14.6% from fiscal 2024. Compound annual growth was +20.8% over 5 years and +14.9% over 10 years.

FSS free cash flowQ3 2026$80.00M

Quarter YoY
+47.9%
QoQ
-20.8%
FY YoY
+19.1%
5Y CAGR
+16.4%
10Y CAGR
+10.0%

FSS free cash flow was $80.00M in fiscal Q3 2026 (ended Sep 30, 2026), up 47.9% from a year earlier and down 20.8% from the prior quarter. For the full fiscal 2025 it was $227.10M, up 19.1% from fiscal 2024. Compound annual growth was +16.4% over 5 years and +10.0% over 10 years. It rose in 6 of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

Export CSV

Income statement

Income statement
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Revenue$2.18B$1.86B$1.72B$1.43B$1.21B$1.13B$1.22B$1.09B$898.50M$707.90M
Cost of revenue$1.55B$1.33B$1.27B$1.09B$924.50M$837.20M$898.50M$807.40M$677.30M$524.50M
Gross profit$631.20M$533.00M$450.20M$344.90M$288.70M$293.60M$322.80M$282.10M$221.20M$183.40M
Selling, general and admin$255.90M$234.00M$210.10M$171.70M$149.20M$149.20M$164.40M$159.10M$144.30M$119.50M
Operating income$340.90M$281.40M$224.50M$160.80M$130.70M$131.40M$147.10M$121.50M$73.60M$60.80M
Interest expense$14.10M$12.50M$19.70M$10.30M$4.50M$5.70M$7.90M$9.30M$7.30M$1.90M
Pre-tax income$324.50M$263.90M$203.00M$150.90M$117.60M$124.60M$138.60M$111.60M$61.00M$56.80M
Income tax$77.90M$47.60M$45.60M$30.50M$17.00M$28.50M$30.20M$17.90M$500.0K$17.40M
Net income$246.60M$216.30M$157.40M$120.40M$100.60M$96.20M$108.50M$94.00M$61.60M$43.80M
EPS, basic$4.06$3.55$2.59$1.99$1.65$1.59$1.80$1.57$1.03$0.72
EPS, diluted$4.01$3.50$2.56$1.97$1.63$1.56$1.76$1.54$1.02$0.71
Diluted shares61.5M61.7M61.5M61.2M61.9M61.7M61.6M61.2M60.4M61.2M

Balance sheet

Balance sheet
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Cash and equivalents$63.70M$91.10M$61.00M$47.50M$40.50M$81.70M$31.60M$37.40M$37.50M$50.70M
Receivables$292.20M$196.40M$186.20M$173.80M$136.00M$127.00M$134.20M$124.40M$118.20M$81.30M
Inventory$471.60M$331.00M$303.40M$292.70M$229.10M$185.00M$182.90M$157.30M$137.20M$120.10M
Current assets$853.80M$642.50M$570.20M$531.40M$431.00M$405.50M$360.70M$328.50M$303.80M$259.60M
Goodwill$619.80M$477.70M$472.70M$453.40M$432.20M$394.20M$388.80M$375.10M$377.30M$236.50M
Total assets$2.39B$1.77B$1.62B$1.52B$1.37B$1.21B$1.17B$1.02B$992.30M$643.20M
Current liabilities$282.40M$241.80M$195.80M$180.50M$170.40M$148.40M$160.20M$158.80M$117.10M$84.90M
Short-term debt$0$7.00M$3.90M$800.0K$0-----
Long-term debt$564.60M$204.40M$294.30M$361.50M$282.20M$209.80M$220.30M$209.90M$277.40M$63.50M
Total debt$564.60M$211.40M$298.20M$362.30M$282.20M$209.80M$220.30M$209.90M$277.40M$63.50M
Total liabilities$1.01B$579.10M$618.60M$663.40M$582.10M$506.70M$523.90M$493.70M$534.90M$249.10M
Shareholders' equity$1.38B$1.19B$1.00B$860.90M$784.00M$702.10M$641.60M$530.10M$457.40M$394.10M

Cash flow

Cash flow
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Operating cash flow$254.70M$231.30M$194.40M$71.80M$101.80M$136.20M$103.10M$92.80M$72.80M$24.70M
Capital expenditures$27.60M$40.60M$30.30M$53.00M$37.40M$29.70M$35.40M$14.10M$8.00M$6.10M
Free cash flow$227.10M$190.70M$164.10M$18.80M$64.40M$106.50M$67.70M$78.70M$64.80M$18.60M
Investing cash flow-$527.90M-$78.90M-$83.70M-$99.70M-$168.70M-$34.40M-$84.40M-$11.00M-$278.20M-$16.80M
Financing cash flow$244.50M-$121.00M-$97.90M$35.50M$26.40M-$53.40M-$24.60M-$81.20M$190.70M-$36.40M
Dividends paid$34.10M$29.30M$23.80M$21.80M$22.00M$19.40M$19.30M$18.70M$16.80M$16.90M
Share repurchases$39.70M$6.70M$5.50M$16.10M$15.40M$13.70M$1.00M$1.20M$0$37.80M
Stock-based compensation$15.00M$15.60M$13.10M$10.20M$7.60M$8.40M$8.80M$7.60M$4.60M$4.80M
Depreciation and amortization$80.50M$65.30M$60.40M$54.70M$50.40M$44.80M$41.50M$36.40M$30.00M$19.10M

Key ratios

Key ratios
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Revenue growth, YoY17.1%8.1%20.1%18.3%7.3%-7.4%12.1%21.3%26.9%-7.8%
Net income growth, YoY14.0%37.4%30.7%19.7%4.6%-11.3%15.4%52.6%40.6%-31.0%
EPS growth, YoY14.6%36.7%29.9%20.9%4.5%-11.4%14.3%51.0%43.7%-29.0%
Gross margin28.9%28.6%26.1%24.0%23.8%26.0%26.4%25.9%24.6%25.9%
Operating margin15.6%15.1%13.0%11.2%10.8%11.6%12.0%11.2%8.2%8.6%
Net margin11.3%11.6%9.1%8.4%8.3%8.5%8.9%8.6%6.9%6.2%
Free cash flow margin10.4%10.2%9.5%1.3%5.3%9.4%5.5%7.2%7.2%2.6%
Return on equity17.8%18.2%15.7%14.0%12.8%13.7%16.9%17.7%13.5%11.1%
Return on assets10.3%12.3%9.7%7.9%7.4%8.0%9.3%9.2%6.2%6.8%
Current ratio3.022.662.912.942.532.732.252.072.593.06
Debt to equity0.410.180.300.420.360.300.340.400.610.16

Source: XBRL data Federal Signal Corporation files with the SEC, latest filing dated Oct 29, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

FSS peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
FSS$2.55B+24.0%$296.90M11.7%$7.15B
TSLA$103.57B+8.3%$3.22B3.1%$1.49T
TM¥50.68T+5.5%¥3.85T7.6%$284.80B
RACE€7.15B+7.0%€1.60B22.3%$98.00B
GM$186.95B-0.3%$4.08B2.2%$75.62B
PCAR$29.08B-1.5%$2.76B9.5%$55.67B
F$186.97B-1.4%-$7.79B-4.2%$50.00B
HMC¥21.80T+0.5%-¥423.94B-1.9%$46.50B
RIVN$6.48B+11.1%-$2.98B-45.9%$20.45B

FSS FAQ

9 questions
  • What is FSS revenue?
    Federal Signal Corporation (FSS) reported $2.55B of revenue for the twelve months ended Sep 30, 2026. That is up 24.0% from the year before. Revenue for fiscal 2025 was $2.18B.
  • Is FSS profitable?
    Yes. Federal Signal Corporation earned $296.90M in net income for the twelve months ended Sep 30, 2026, a net margin of 11.7%.
  • How much cash and debt does FSS have?
    Federal Signal Corporation reported $73.70M in cash and cash equivalents and $419.90M of debt on its most recent balance sheet in SEC filings.
  • How fast is FSS revenue growing?
    Federal Signal Corporation's revenue changed +17.1% in fiscal 2025, to $2.18B. Its compound annual growth rate was +14.0% over 5 years and +11.0% over 10 years.
  • What is FSS gross margin?
    Federal Signal Corporation's gross profit was $741.70M on $2.55B of revenue for the twelve months ended Sep 30, 2026, a gross margin of 29.1%.
  • What is FSS free cash flow?
    Federal Signal Corporation generated $365.10M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $402.80M less capital expenditures.
  • What is FSS earnings per share?
    Diluted earnings per share were $4.82 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did FSS last report financial results?
    The latest statements here come from Federal Signal Corporation's 10-Q filed on Oct 29, 2026, covering the period ended Sep 30, 2026.
  • Where does this FSS financial data come from?
    Quantisnow builds these statements from the structured XBRL data Federal Signal Corporation files with the SEC. It is provided for information only and is not investment advice.