Federal Signal Corp (FSS)

Federal Signal Corporation designs, manufactures, and supplies a suite of products and integrated solutions for municipal, governmental, industrial, and commercial customers in the United States, Canada, Europe, and internationally. It operates through two segments, Environmental Solutions Group, and Safety and Security Systems Group. The company offers street sweepers, sewer cleaners, industrial vacuum loaders, safe-digging trucks, dump truck bodies, and trailers, as well as waterblasting, road-marking, line-removal, metal extraction support equipment, and multi-purpose maintenance vehicles under the ELGIN, VACTOR, GUZZLER, TRUVAC, WESTECH, JETSTREAM, BLASTERS, MARK RITE LINES, HOG, NEW WAY, TRACKLESS, OX BODIES, CRYSTEEL, J-CRAFT, DURACLASS, RUGBY, TRAVIS, OSW, NTE, WTB, GROUND FORCE, TOWHAUL, BUCKS, AND SWITCH-N-GO brands; and provides refuse and recycling collection vehicles through a dealer network or direct sales to service customers. It is also involved in sale of parts, service and repair, equipment rentals, and training. The company also provides systems for community alerting, emergency vehicles, first responder interoperable communications, and industrial communications; public safety equipment, such as vehicle lightbars and sirens, industrial signaling equipment, public warning systems, and general alarm/public address systems under the Federal Signal, Federal Signal VAMA, and Victor brand names through wholesalers, distributors, independent manufacturer representatives, original equipment manufacturers, and direct sales force, as well as independent foreign distributors. In addition, the company manufactures custom liquid vacuum tank ("LVT") trucks. Federal Signal Corporation was founded in 1901 and is based in Downers Grove, Illinois.

Ticker
FSS
Exchange
NYSE
Sector
Industrials
Industry
Farm & Heavy Construction Machinery
Market cap
$6.92B
52-week range
$101.19 - $134.51

Valuation

Share price
$113.44 (close of Nov 6, 2026)
P/E (TTM)
23.25x
Price to book
4.38x
Price to free cash flow
18.96x
Enterprise value
$7.30B
Book value per share
$25.87

Price performance

PeriodChange
1 day+1.21%
5 days+0.68%
1 month-3.98%
3 months-11.26%
6 months-8.97%
Year to date+4.47%
1 year+2.24%
3 years+75.93%
5 years+145.01%
10 years+822.28%
All time+7,221.65%

Short interest

As of
Oct 15, 2026
Short % of float
9.41%
Shares short
4.16M
Days to cover
8.42
Change since prior report
+9.98%
Source
FINRA consolidated short interest

Profitability and growth

Return on equity
17.84%
Return on invested capital
13.31%
Return on assets
10.31%
Return on capital employed
16.15%
Gross margin
28.95%
Net margin
11.31%
EBITDA margin
19.33%
Revenue growth
17.14%
Net income growth
14.01%
Free cash flow growth
19.09%

Cash flow and balance sheet

Free cash flow yield (TTM)
5.27%
Current ratio
2.97x
Net debt to EBITDA
0.75x

Latest reported year

Period end
Dec 31, 2025
Fiscal year
2025
Revenue
$2.18B
Cost of revenue
$1.55B
Gross profit
$631.20M
EBITDA
$421.40M
Net income
$246.60M
Earnings per share
$4.06
Interest expense
$14.10M
Shares outstanding
60.80M

Income statement by year

Period endRevenueGross profitNet incomeEPS
2025-12-31$2.18B$631.20M$246.60M$4.06
2024-12-31$1.86B$533.00M$216.30M$3.55
2023-12-31$1.72B$450.20M$157.40M$2.59
2022-12-31$1.43B$344.90M$120.40M$1.99
2021-12-31$1.21B$288.70M$100.60M$1.65
2020-12-31$1.13B$293.60M$96.20M$1.59
2019-12-31$1.22B$322.80M$108.50M$1.80
2018-12-31$1.09B$282.10M$94.00M$1.57
2017-12-31$898.50M$221.20M$61.60M$1.03
2016-12-31$707.90M$183.40M$43.80M$0.72

Margins and returns by year

Period endGross marginNet marginReturn on equityReturn on capital
2025-12-3128.95%11.31%17.84%13.31%
2024-12-3128.63%11.62%18.24%16.25%
2023-12-3126.13%9.14%15.71%13.53%
2022-12-3124.04%8.39%13.99%10.43%
2021-12-3123.80%8.29%12.83%10.36%
2020-12-3125.96%8.51%13.70%11.00%
2019-12-3126.43%8.88%16.91%13.11%
2018-12-3125.89%8.63%17.73%14.01%
2017-12-3124.62%6.86%13.47%9.95%
2016-12-3125.91%6.19%11.11%9.47%

Cash and debt by year

Period endCashDebt
2025-12-31$63.70M$564.60M
2024-12-31$91.10M$204.40M
2023-12-31$61.00M$294.30M
2022-12-31$47.50M$361.50M
2021-12-31$40.50M$282.20M
2020-12-31$81.70M$209.80M
2019-12-31$31.60M$220.30M
2018-12-31$37.40M$209.40M
2017-12-31$37.50M$277.00M
2016-12-31$50.70M$63.50M

Free cash flow by year

Period endFree cash flowStock-based compensation
2025-12-31$227.10M$15.00M
2024-12-31$190.70M$15.60M
2023-12-31$164.10M$13.10M
2022-12-31$18.80M$10.20M
2021-12-31$64.40M$7.60M
2020-12-31$106.50M$8.40M
2019-12-31$67.70M$8.80M
2018-12-31$78.70M$7.60M
2017-12-31$64.80M$4.60M
2016-12-31$18.60M$4.80M

Dividend history

Most recent payment
Aug 14, 2026
Paid in the last twelve months
$0.59
Payment dateDividend per share
2026-08-14$0.15
2026-05-15$0.15
2026-03-13$0.15
2025-11-14$0.14
2025-08-15$0.14
2025-05-16$0.14
2025-03-14$0.14
2024-11-15$0.12

Investor relations

Past earnings dates

ReportedFiscal periodEPS estimate
2026-10-29Sep 2026$1.32
2026-07-30Jun 2026$1.28
2026-04-29Mar 2026$0.89
2026-02-25Dec 2025$1.08
2025-10-30Sep 2025$1.07
2025-07-30Jun 2025$1.06
2025-04-30Mar 2025$0.73
2025-02-26Dec 2024$0.86

Filings and sources

Company website
federalsignal.com
SEC filings
10-K, 10-Q and 8-K on EDGAR
Earnings calendar
All upcoming reports

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