Federal Signal Corporation (FSS)

NYSE Industrials Construction Machinery & Heavy Transportation Equipment S&P SmallCap 600

$113.44

+1.36 (+1.21%)

Close of Nov 06, 2026 · end-of-day data

Source: Federal Signal Corporation's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 06, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$707.90M	$898.50M	$1.09B	$1.22B	$1.13B	$1.21B	$1.43B	$1.72B	$1.86B	$2.18B
Cost of revenue	$524.50M	$677.30M	$807.40M	$898.50M	$837.20M	$924.50M	$1.09B	$1.27B	$1.33B	$1.55B
Gross profit	$183.40M	$221.20M	$282.10M	$322.80M	$293.60M	$288.70M	$344.90M	$450.20M	$533.00M	$631.20M
Selling, general & admin	$119.50M	$144.30M	$159.10M	$164.40M	$149.20M	$149.20M	$171.70M	$210.10M	$234.00M	$255.90M
Operating income	$60.80M	$73.60M	$121.50M	$147.10M	$131.40M	$130.70M	$160.80M	$224.50M	$281.40M	$340.90M
Interest expense	$1.90M	$7.30M	$9.30M	$7.90M	$5.70M	$4.50M	$10.30M	$19.70M	$12.50M	$14.10M
Pre-tax income	$56.80M	$61.00M	$111.60M	$138.60M	$124.60M	$117.60M	$150.90M	$203.00M	$263.90M	$324.50M
Income tax	$17.40M	$500.00K	$17.90M	$30.20M	$28.50M	$17.00M	$30.50M	$45.60M	$47.60M	$77.90M
Net income	$43.80M	$61.60M	$94.00M	$108.50M	$96.20M	$100.60M	$120.40M	$157.40M	$216.30M	$246.60M
EBITDA	$79.90M	$103.60M	$157.90M	$188.60M	$176.20M	$181.10M	$215.50M	$284.90M	$346.70M	$421.40M
EPS (basic)	$0.72	$1.03	$1.57	$1.80	$1.59	$1.65	$1.99	$2.59	$3.55	$4.06
EPS (diluted)	$0.71	$1.02	$1.54	$1.76	$1.56	$1.63	$1.97	$2.56	$3.50	$4.01
Diluted shares	61.20M	60.40M	61.20M	61.60M	61.70M	61.90M	61.20M	61.50M	61.70M	61.50M
Gross margin	25.9%	24.6%	25.9%	26.4%	26.0%	23.8%	24.0%	26.1%	28.6%	28.9%
Operating margin	8.6%	8.2%	11.2%	12.0%	11.6%	10.8%	11.2%	13.0%	15.1%	15.6%
Net margin	6.2%	6.9%	8.6%	8.9%	8.5%	8.3%	8.4%	9.1%	11.6%	11.3%

Balance sheet

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash & equivalents	$50.70M	$37.50M	$37.40M	$31.60M	$81.70M	$40.50M	$47.50M	$61.00M	$91.10M	$63.70M
Receivables	$81.30M	$118.20M	$124.40M	$134.20M	$127.00M	$136.00M	$173.80M	$186.20M	$196.40M	$292.20M
Inventory	$120.10M	$137.20M	$157.30M	$182.90M	$185.00M	$229.10M	$292.70M	$303.40M	$331.00M	$471.60M
Total current assets	$259.60M	$303.80M	$328.50M	$360.70M	$405.50M	$431.00M	$531.40M	$570.20M	$642.50M	$853.80M
Goodwill	$236.50M	$377.30M	$375.10M	$388.80M	$394.20M	$432.20M	$453.40M	$472.70M	$477.70M	$619.80M
Total assets	$643.20M	$992.30M	$1.02B	$1.17B	$1.21B	$1.37B	$1.52B	$1.62B	$1.77B	$2.39B
Total current liabilities	$84.90M	$117.10M	$158.80M	$160.20M	$148.40M	$170.40M	$180.50M	$195.80M	$241.80M	$282.40M
Short-term debt	$500.00K	$300.00K	$200.00K	$200.00K	$200.00K	$0	$800.00K	$3.90M	$7.00M	$0
Long-term debt	$63.50M	$277.00M	$209.40M	$219.90M	$209.40M	$280.70M	$361.00M	$297.40M	$210.90M	$564.60M
Total debt	$64.00M	$277.30M	$209.60M	$220.10M	$209.60M	$280.70M	$361.80M	$301.30M	$217.90M	$564.60M
Total liabilities	$249.10M	$534.90M	$493.70M	$523.90M	$506.70M	$582.10M	$663.40M	$618.60M	$579.10M	$1.01B
Shareholders' equity	$394.10M	$457.40M	$530.10M	$641.60M	$702.10M	$784.00M	$860.90M	$1.00B	$1.19B	$1.38B

Cash flow

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Operating cash flow	$24.70M	$72.80M	$92.80M	$103.10M	$136.20M	$101.80M	$71.80M	$194.40M	$231.30M	$254.70M
Capital expenditures	$6.10M	$8.00M	$14.10M	$35.40M	$29.70M	$37.40M	$53.00M	$30.30M	$40.60M	$27.60M
Free cash flow	$18.60M	$64.80M	$78.70M	$67.70M	$106.50M	$64.40M	$18.80M	$164.10M	$190.70M	$227.10M
Investing cash flow	-$16.80M	-$278.20M	-$11.00M	-$84.40M	-$34.40M	-$168.70M	-$99.70M	-$83.70M	-$78.90M	-$527.90M
Financing cash flow	-$36.40M	$190.70M	-$81.20M	-$24.60M	-$53.40M	$26.40M	$35.50M	-$97.90M	-$121.00M	$244.50M
Dividends paid	$16.90M	$16.80M	$18.70M	$19.30M	$19.40M	$22.00M	$21.80M	$23.80M	$29.30M	$34.10M
Share buybacks	$37.80M	$0	$1.20M	$1.00M	$13.70M	$15.40M	$16.10M	$5.50M	$6.70M	$39.70M
Stock-based compensation	$4.80M	$4.60M	$7.60M	$8.80M	$8.40M	$7.60M	$10.20M	$13.10M	$15.60M	$15.00M
Depreciation & amortization	$19.10M	$30.00M	$36.40M	$41.50M	$44.80M	$50.40M	$54.70M	$60.40M	$65.30M	$80.50M

Income statement

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Revenue	$448.40M	$424.90M	$490.40M	$474.20M	$472.00M	$463.80M	$564.60M	$555.00M	$597.10M	$625.60M	$670.20M	$655.50M
Cost of revenue	$329.00M	$308.90M	$346.40M	$333.80M	$339.40M	$333.00M	$395.00M	$393.50M	$427.80M	$446.20M	$466.40M	$466.30M
Gross profit	$119.40M	$116.00M	$144.00M	$140.40M	$132.60M	$130.80M	$169.60M	$161.50M	$169.30M	$179.40M	$203.80M	$189.20M
Selling, general & admin	$54.10M	$57.20M	$58.30M	$60.10M	$58.40M	$60.20M	$66.90M	$61.40M	$67.40M	$72.00M	$78.30M	$69.80M
Operating income	$63.10M	$54.30M	$81.10M	$75.90M	$70.10M	$65.70M	$97.70M	$94.00M	$83.50M	$99.70M	$118.20M	$111.40M
Interest expense	$4.30M	$3.20M	$3.20M	$3.00M	$3.10M	$3.00M	$3.50M	$2.80M	$4.80M	$6.90M	$6.00M	$5.30M
Pre-tax income	$58.50M	$50.90M	$77.50M	$72.60M	$62.90M	$62.00M	$93.40M	$90.50M	$78.60M	$92.20M	$111.40M	$105.10M
Income tax	$12.10M	-$700.00K	$16.70M	$18.70M	$12.90M	$15.70M	$22.00M	$22.40M	$17.80M	$21.80M	$25.30M	$25.50M
Net income	$46.40M	$51.60M	$60.80M	$53.90M	$50.00M	$46.30M	$71.40M	$68.10M	$60.80M	$70.40M	$86.10M	$79.60M
EBITDA	$78.40M	$69.70M	$96.90M	$92.40M	$87.70M	$84.40M	$117.60M	$114.30M	$105.10M	$123.50M	$142.80M	$136.70M
EPS (basic)	$0.76	$0.85	$1.00	$0.88	$0.82	$0.76	$1.18	$1.12	$1.00	$1.16	$1.41	$1.31
EPS (diluted)	$0.75	$0.84	$0.99	$0.87	$0.80	$0.75	$1.16	$1.11	$0.99	$1.14	$1.40	$1.29
Diluted shares	100.00K	61.60M	61.70M	61.70M	0	61.80M	61.30M	61.40M	0	61.50M	61.50M	61.50M
Gross margin	26.6%	27.3%	29.4%	29.6%	28.1%	28.2%	30.0%	29.1%	28.4%	28.7%	30.4%	28.9%
Operating margin	14.1%	12.8%	16.5%	16.0%	14.9%	14.2%	17.3%	16.9%	14.0%	15.9%	17.6%	17.0%
Net margin	10.3%	12.1%	12.4%	11.4%	10.6%	10.0%	12.6%	12.3%	10.2%	11.3%	12.8%	12.1%

Balance sheet

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Cash & equivalents	$61.00M	$48.90M	$48.60M	$73.70M	$91.10M	$57.50M	$64.70M	$54.40M	$63.70M	$71.40M	$62.80M	$73.70M
Receivables	$186.20M	$191.40M	$213.60M	$220.30M	$196.40M	$223.20M	$238.30M	$263.60M	$292.20M	$310.10M	$288.80M	$300.10M
Inventory	$303.40M	$322.70M	$326.90M	$337.00M	$331.00M	$362.00M	$356.50M	$367.30M	$471.60M	$477.80M	$479.80M	$470.40M
Total current assets	$570.20M	$595.30M	$611.80M	$649.20M	$642.50M	$664.80M	$684.10M	$706.50M	$853.80M	$876.80M	$856.90M	$865.20M
Goodwill	$472.70M	$470.20M	$469.90M	$471.60M	$477.70M	$514.00M	$517.60M	$521.70M	$619.80M	$626.80M	$636.80M	$638.30M
Total assets	$1.62B	$1.65B	$1.69B	$1.73B	$1.77B	$1.88B	$1.92B	$1.94B	$2.39B	$2.45B	$2.44B	$2.45B
Total current liabilities	$195.80M	$211.00M	$211.70M	$229.40M	$241.80M	$278.40M	$263.00M	$271.20M	$282.40M	$308.20M	$312.90M	$291.80M
Short-term debt	$3.90M	$4.70M	$5.50M	$7.00M	$7.00M	$9.40M	$10.20M	$10.90M	$0	$2.50M	$5.00M	$400.00K
Long-term debt	$297.40M	$270.90M	$253.70M	$229.70M	$210.90M	$275.80M	$268.00M	$211.60M	$564.60M	$548.60M	$448.20M	$419.90M
Total debt	$301.30M	$275.60M	$259.20M	$236.70M	$217.90M	$285.20M	$278.20M	$222.50M	$564.60M	$551.10M	$453.20M	$420.30M
Total liabilities	$618.60M	$607.00M	$591.90M	$584.20M	$579.10M	$677.00M	$653.80M	$616.70M	$1.01B	$1.02B	$932.40M	$875.70M
Shareholders' equity	$1.00B	$1.04B	$1.10B	$1.15B	$1.19B	$1.20B	$1.26B	$1.32B	$1.38B	$1.43B	$1.51B	$1.58B

Cash flow

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Operating cash flow	$103.40M	$31.30M	$40.60M	$68.80M	$90.60M	$36.70M	$59.70M	$61.10M	$97.20M	$101.30M	$112.90M	$91.40M
Capital expenditures	$8.90M	$8.40M	$15.80M	$7.90M	$8.50M	$5.60M	$7.30M	$7.00M	$7.70M	$6.70M	$11.90M	$11.40M
Free cash flow	$94.50M	$22.90M	$24.80M	$60.90M	$82.10M	$31.10M	$52.40M	$54.10M	$89.50M	$94.60M	$101.00M	$80.00M
Investing cash flow	-$8.00M	-$7.60M	-$15.40M	-$7.80M	-$48.10M	-$87.70M	-$6.60M	-$7.00M	-$426.60M	-$51.60M	-$10.50M	-$33.10M
Financing cash flow	-$76.70M	-$35.30M	-$25.20M	-$36.70M	-$23.80M	$16.90M	-$46.70M	-$64.60M	$338.90M	-$41.70M	-$111.20M	-$47.30M
Dividends paid	$6.10M	$7.30M	$7.40M	$7.30M	$7.30M	$8.60M	$8.50M	$8.50M	$8.50M	$9.20M	$9.10M	$9.20M
Share buybacks	$1.20M	$100.00K	$0	$4.40M	$2.20M	$18.50M	$21.20M	$0	$0	$0	$100.00K	$5.00M
Stock-based compensation	$4.20M	$4.40M	$4.40M	$3.40M	$3.40M	$2.40M	$5.70M	$3.60M	$3.30M	$2.70M	$5.40M	$3.90M
Depreciation & amortization	$15.30M	$15.40M	$15.80M	$16.50M	$17.60M	$18.70M	$19.90M	$20.30M	$21.60M	$23.80M	$24.60M	$25.30M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.