Federal Signal Corporation (FSS)

Federal Signal Financials Overview

Financials in millions USD. Fiscal year is January - December.

Revenue & Profits

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue Revenue Growth	2,548	2,181	1,862	1,723	1,435	1,213
Revenue Growth	23.99%	17.14%	8.06%	20.07%	18.27%	7.29%
Gross Profit Gross Profit Growth	741.7	631.2	533	450.2	344.9	288.7
Operating Income Operating Income Growth	426.4	354.2	283.1	224.5	160.9	129.7
Net Income Net Income Growth	296.9	246.6	216.3	157.4	120.4	100.6
Earnings Per Share EPS Growth	4.83	4.01	3.50	2.56	1.97	1.63
EPS Growth	26.46%	14.57%	36.72%	29.95%	20.86%	4.38%

Revenue by Segment

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Vehicles and Equipment Vehicles and Equipment Growth	1,715	1,435	1,214	1,121	927.9	764.3
Parts Parts Growth	319.4	265.8	232.2	217	173.7	150.3
Rental Income Rental Income Growth	82.6	72.9	61.7	55.2	53.1	44.7
Other Environmental Solutions Other Environmental Solutions Growth	61.5	64	49.4	44.8	35.9	44.7
Public Safety and Security Equipment Public Safety and Security Equipment Growth	245	222.9	192.6	173.2	149.1	126.1
Industrial Signaling Equipment Industrial Signaling Equipment Growth	76.2	70.3	69.4	71.9	62.1	53.9
Warning Systems Warning Systems Growth	48.9	49.8	42.4	39.7	33	29.2
Revenue (Total) Revenue (Total) Growth	2,548	2,181	1,862	1,723	1,435	1,213

Cash & Debt

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Investments Cash & Investments Growth	73.7	63.7	91.1	61	47.5	40.5
Total Debt Total Debt Growth	452.1	594.6	253	321.4	388.7	314.4
Net Cash (Debt) Net Cash Growth	-378.4	-530.9	-161.9	-260.4	-341.2	-273.9
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share Net Cash Per Share Growth	-6.15	-8.63	-2.62	-4.23	-5.58	-4.42

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Cash Flow Operating Cash Flow Growth	402.8	254.7	231.3	194.4	71.8	101.8
Capital Expenditures CapEx Growth	-37.7	-27.6	-40.6	-30.3	-53	-37.4
Free Cash Flow Free Cash Flow Growth	365.1	227.1	190.7	164.1	18.8	64.4
Free Cash Flow Growth	66.18%	19.09%	16.21%	772.87%	-70.81%	-39.53%

Margins

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Gross Margin	29.10%	28.95%	28.63%	26.13%	24.04%	23.80%
Operating Margin	16.73%	16.24%	15.21%	13.03%	11.21%	10.69%
Pretax Margin	15.20%	14.88%	14.18%	11.78%	10.52%	9.69%
Profit Margin	11.65%	11.31%	11.62%	9.14%	8.39%	8.29%
FCF Margin	14.33%	10.42%	10.24%	9.53%	1.31%	5.31%

Dividends

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov 15, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Dividend Per Share Dividend Per Share Growth	0.600	0.560	0.480	0.390	0.360	0.360
Dividend Per Share Growth	7.14%	16.67%	23.08%	8.33%	0%	12.50%
Dividend Yield	0.52%	0.52%	0.52%	0.51%	0.78%	0.83%

Valuation

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov 15, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
PE Ratio	23.88	26.78	26.10	29.71	23.40	26.31
Forward PE	20.43	24.02	25.43	27.13	20.45	21.93
P/FCF Ratio	19.28	29.08	29.61	28.49	149.88	41.10
PS Ratio	2.76	3.03	3.03	2.71	1.96	2.18

Data Sources: S&P Global Market Intelligence and Fiscal.ai Last updated: Oct 29, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company. Revenue segment data is provided by Fiscal.ai.

Update frequency:

Quarterly

Last checked:

Nov 14, 2026

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