NYSE · Financial Statements

Federal Signal Corporation (FSS) Financial Statements

$113.23 NYSE: FSS Market Cap $6.91B

Federal Signal Corporation most recently reported annual revenue of $2.2B, net profit of $247.0M. Revenue grew at an average annual rate of 14.0% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

Federal Signal Corporation: Revenue rose from $708.0M in 2016 to $2.2B in 2025, a change of +208.1% over 9 years; net profit was positive in all 10 reported years; operating margin moved from 8.6% to 16.4%, a shift of +7.8 percentage points; the most recent year shows net profit of $247.0M.

Income Statement — 10 Years (USD millions)

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Revenue	$708.0M	$899.0M	$1.1B	$1.2B	$1.1B	$1.2B	$1.4B	$1.7B	$1.9B	$2.2B
Operating Expenses	$647.0M	$825.0M	$968.0M	$1.1B	$999.0M	$1.1B	$1.3B	$1.5B	$1.6B	$1.8B
Operating Profit	$61.0M	$74.0M	$122.0M	$147.0M	$131.0M	$131.0M	$161.0M	$225.0M	$281.0M	$357.0M
Operating Margin	8.6%	8.2%	11.2%	12.0%	11.6%	10.8%	11.2%	13.0%	15.1%	16.4%
Other Income	$-4.0M	$-6.0M	$-10.0M	$-8.0M	$-7.0M	$-13.0M	$-10.0M	$-21.0M	$-17.0M	$-32.0M
Interest	$2.0M	$7.0M	$9.0M	$8.0M	$6.0M	$5.0M	$10.0M	$20.0M	$13.0M	$14.0M
Depreciation	$19.0M	$30.0M	$36.0M	$42.0M	$45.0M	$50.0M	$55.0M	$60.0M	$65.0M	$81.0M
Profit Before Tax	$57.0M	$61.0M	$112.0M	$139.0M	$125.0M	$118.0M	$151.0M	$203.0M	$264.0M	$325.0M
Tax	$30.6M	$820,000	$16.0M	$21.8M	$22.9M	$14.5M	$20.2M	$22.5M	$18.0M	$24.0M
Net Profit	$44.0M	$62.0M	$94.0M	$109.0M	$96.0M	$101.0M	$120.0M	$157.0M	$216.0M	$247.0M
EPS	$0.71	$1.02	$1.54	$1.76	$1.56	$1.63	$1.97	$2.56	$3.50	$4.01
Dividend Payout	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

Metric	Sep '23	Dec '23	Mar '24	Jun '24	Sep '24	Dec '24	Mar '25	Jun '25	Sep '25	Dec '25	Mar '26	Jun '26
Revenue	$446.0M	$448.0M	$425.0M	$490.0M	$474.0M	$472.0M	$464.0M	$565.0M	$555.0M	$597.0M	$626.0M	$670.0M
Operating Expenses	$384.0M	$385.0M	$371.0M	$409.0M	$398.0M	$402.0M	$398.0M	$466.0M	$459.0M	$500.0M	$525.0M	$551.0M
Operating Profit	$63.0M	$63.0M	$54.0M	$81.0M	$76.0M	$70.0M	$66.0M	$98.0M	$96.0M	$97.0M	$101.0M	$119.0M
Operating Margin	14.0%	14.1%	12.8%	16.5%	16.0%	14.8%	14.3%	17.4%	17.2%	16.2%	16.1%	17.7%
Interest	$5.0M	$4.0M	$3.0M	$3.0M	$3.0M	$3.0M	$3.0M	$4.0M	$3.0M	$5.0M	$7.0M	$6.0M
Profit Before Tax	$57.0M	$59.0M	$51.0M	$78.0M	$73.0M	$63.0M	$62.0M	$93.0M	$91.0M	$79.0M	$92.0M	$111.0M
Tax	$24.2M	$20.7M	$-1.4M	$21.6M	$25.8M	$20.5M	$25.3M	$23.6M	$24.8M	$22.6M	$23.6M	$22.7M
Net Profit	$43.0M	$46.0M	$52.0M	$61.0M	$54.0M	$50.0M	$46.0M	$71.0M	$68.0M	$61.0M	$70.0M	$86.0M
EPS	$0.71	$0.75	$0.84	$0.99	$0.87	$0.81	$0.75	$1.16	$1.11	$0.99	$1.14	$1.40

Over the 10 years reported for Federal Signal Corporation, borrowings increased from $64.0M in 2016 to $595.0M in 2025, cash stood at $64.0M in the latest year, shareholders' equity was $71.0M, current assets covered current liabilities 3.03 times.

Balance Sheet — 10 Years (USD millions)

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Total Assets	$643.0M	$992.0M	$1.0B	$1.2B	$1.2B	$1.4B	$1.5B	$1.6B	$1.8B	$2.4B
Current Assets	$260.0M	$304.0M	$329.0M	$361.0M	$406.0M	$431.0M	$531.0M	$570.0M	$643.0M	$854.0M
Cash	$51.0M	$38.0M	$37.0M	$32.0M	$82.0M	$41.0M	$48.0M	$61.0M	$91.0M	$64.0M
Inventory	$120.0M	$137.0M	$157.0M	$183.0M	$185.0M	$229.0M	$293.0M	$303.0M	$331.0M	$472.0M
Receivables	$81.0M	$118.0M	$124.0M	$134.0M	$127.0M	$136.0M	$174.0M	$186.0M	$196.0M	$292.0M
Fixed Assets	$124.0M	$147.0M	$159.0M	$235.0M	$242.0M	$280.0M	$313.0M	$347.0M	$420.0M	$303.0M
Capital Work in Progress	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Investments	$4.0M	$5.0M	$6.0M	$0	$0	$0	$0	$0	$0	$0
Other Assets	$237.0M	$377.0M	$375.0M	$389.0M	$394.0M	$432.0M	$453.0M	$473.0M	$478.0M	$620.0M
Total Liabilities	$249.0M	$535.0M	$494.0M	$524.0M	$507.0M	$582.0M	$663.0M	$619.0M	$579.0M	$1.0B
Current Liabilities	$85.0M	$117.0M	$159.0M	$160.0M	$148.0M	$170.0M	$181.0M	$196.0M	$242.0M	$282.0M
Borrowings	$64.0M	$278.0M	$210.0M	$250.0M	$234.0M	$314.0M	$388.0M	$321.0M	$252.0M	$595.0M
Other Liabilities	$185.0M	$257.0M	$284.0M	$274.0M	$273.0M	$268.0M	$275.0M	$298.0M	$327.0M	$416.0M
Equity	$65.0M	$66.0M	$66.0M	$67.0M	$68.0M	$69.0M	$70.0M	$70.0M	$70.0M	$71.0M
Reserves	$394.0M	$457.0M	$530.0M	$642.0M	$702.0M	$784.0M	$861.0M	$1.0B	$1.2B	$1.4B

For Federal Signal Corporation, operating cash flow was positive in 10 of 10 reported years; free cash flow in the latest year was $227.0M; free cash flow was positive in 10 of 10 years; financing activities used $70.0M in the latest year, which covers debt repayment, dividends and buybacks.

Cash Flow Statement — 10 Years (USD millions)

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Operating Cash Flow	$25.0M	$73.0M	$93.0M	$103.0M	$136.0M	$102.0M	$72.0M	$194.0M	$231.0M	$255.0M
Investing Cash Flow	$-23.0M	$-286.0M	$-25.0M	$-120.0M	$-64.0M	$-206.0M	$-153.0M	$-114.0M	$-119.0M	$-555.0M
Financing Cash Flow	$-41.0M	$-2.0M	$0	$-13.0M	$-32.0M	$-26.0M	$-22.0M	$-13.0M	$-13.0M	$-70.0M
Net Cash Flow	$-30.0M	$-13.0M	$0	$-6.0M	$50.0M	$-41.0M	$7.0M	$14.0M	$30.0M	$-27.0M
Free Cash Flow	$19.0M	$65.0M	$79.0M	$68.0M	$107.0M	$64.0M	$19.0M	$164.0M	$191.0M	$227.0M

Valuation & Return Ratios

Metric	Value
PEG Ratio	0.87
EV / EBITDA	15.78
FCF Yield	4.71%
Quick Ratio	1.21
Interest Coverage	20.11
Return 1Y	-8.13%
Return 3Y	96.22%
Return 5Y	196.80%

Federal Signal Corporation (FSS) financials — frequently asked questions

What is Federal Signal Corporation's annual revenue?

Federal Signal Corporation (FSS) reported annual revenue of $2.2B in its most recent fiscal year.

What is Federal Signal Corporation's net profit?

Federal Signal Corporation (FSS) reported net profit of $247.0M in its most recent fiscal year.

What is FSS EV/EBITDA?

Federal Signal Corporation's enterprise value to EBITDA (EV/EBITDA) ratio is 15.78.

Related stock screens

High ROE Industrials Stocks Low P/E Industrials Stocks High Net Margin Industrials Stocks Dividend Industrials Stocks Low Debt Industrials Stocks High ROE Stocks Low P/E Stocks High Net Margin Stocks Dividend Stocks Low Debt Stocks NYSE High ROE Stocks All stock screens

FSS Overview FSS Dividend Run Stock Screener

Data for information only, not investment advice. Figures may be delayed or inaccurate; verify against company filings. See our disclaimer.