FEDERAL SIGNAL CORP /DE/ FSS

Consumer discretionary SIC 3711 - Motor Vehicles & Passenger Car Bodies NAICS Manufacturing › Transportation Equipment Manufacturing › Motor Vehicle Manufacturing › Automobile and Light Duty Motor Vehicle Manufacturing derived NYSE

Federal Signal Corporation, founded in 1901, was reincorporated as a Delaware corporation in 1969. The Company designs, manufactures, and supplies a suite of products and integrated solutions for municipal, governmental, industrial, and commercial customers. The Company's portfolio of products that it manufactures includes (i) vehicles and equipment for maintenance and infrastructure end-markets, including sewer cleaners, industrial vacuum loaders, vacuum- and hydro-excavation trucks (collectively, "safe-digging trucks"), street sweepers, waterblasting equipment, refuse collection vehicles, road-marking and line-removal equipment, dump truck bodies, trailers, metal extraction support equipment, and multi-purpose maintenance vehicles, and (ii) public safety equipment, such as vehicle lightbars and sirens, industrial signaling equipment, public warning systems, and general alarm/public address systems. In addition, the Company engages in the sale of parts, service and repair, equipment rentals, and training as part of a comprehensive aftermarket offering to its customers. The Company operates 26 principal manufacturing facilities in five countries and provides products and integrated solutions to customers in all regions of the world.

Last close 113.23 2026-10-23
Market cap $6.91B 2026-06-30 share count
52-week range 101.19 - 134.51

Valuation FY2025 figures against the last close

P/S3.2x
P/E28.2x
P/FCF30.4x
EV/EBITDA16.3x
Dividend yield0.5%
Diluted EPS4.01

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • U.S.
  • Canada
  • Europe/Other
Revenue by geography, 3 categories over 3 years. The same figures are in the table below. FY2025 U.S., FY2025: 1.7B (78.5%) 79% U.S. Canada, FY2025: 297.6M (13.6%) 14% Canada Europe/Other, FY2025: 170.6M (7.8%) 8% FY2024 U.S., FY2024: 1.5B (78.9%) 79% Canada, FY2024: 257.4M (13.8%) 14% Europe/Other, FY2024: 135M (7.3%) 7% FY2023 U.S., FY2023: 1.3B (77.6%) 78% Canada, FY2023: 237.8M (13.8%) 14% Europe/Other, FY2023: 147.5M (8.6%) 9%
Region FY2025FY2024FY2023
U.S. $1.71B $1.47B $1.34B
Canada $297.6M $257.4M $237.8M
Europe/Other $170.6M $135.0M $147.5M

As the company reported it, from the “Segment Information - Segment Information Classified Based on Geographic Location (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Revenue by segment

  • Environmental Solutions
  • Safety And Security Systems
Revenue by segment, 2 categories over 3 years. The same figures are in the table below. FY2025 Environmental Solutions, FY2025: 1.8B (84.3%) 84% Environmental Solutions Safety And Security Systems, FY2025: 343M (15.7%) 16% FY2024 Environmental Solutions, FY2024: 1.6B (83.6%) 84% Safety And Security Systems, FY2024: 304.4M (16.4%) 16% FY2023 Environmental Solutions, FY2023: 1.4B (83.5%) 83% Safety And Security Systems, FY2023: 284.8M (16.5%) 17%
Segment FY2025FY2024FY2023
Environmental Solutions $1.84B $1.56B $1.44B
Safety And Security Systems $343.0M $304.4M $284.8M

As the company reported it, from the “Segment Information - Summary of Continuing Operations by Segment (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $2.18B$1.86B$1.72B$1.43B$1.21B$1.13B$1.22B$1.09B$898.5M$707.9M
Cost of revenue $1.55B$1.33B$1.27B$1.09B$924.5M$837.2M$898.5M$807.4M$677.3M$524.5M
Gross profit $631.2M$533.0M$450.2M$344.9M$288.7M$293.6M$322.8M$282.1M$221.2M$183.4M
SG&A $255.9M$234.0M$210.1M$171.7M$149.2M$149.2M$164.4M$159.1M$144.3M$119.5M
Operating income $340.9M$281.4M$224.5M$160.8M$130.7M$131.4M$147.1M$121.5M$73.6M$60.8M
Interest expense $14.1M$12.5M$19.7M$10.3M$4.5M$5.7M$7.9M$9.3M$7.3M$1.9M
Pre-tax income $324.5M$263.9M$203.0M$150.9M$117.6M$124.6M$138.6M$111.6M$61.0M$56.8M
Income tax $77.9M$47.6M$45.6M$30.5M$17.0M$28.5M$30.2M$17.9M$500.0K$17.4M
Net income $246.6M$216.3M$157.4M$120.4M$100.6M$96.2M$108.5M$94.0M$61.6M$43.8M
EPS, basic 4.063.552.591.991.651.591.801.571.030.72
EPS, diluted 4.013.502.561.971.631.561.761.541.020.71
Shares, diluted (wtd. avg.) 61.5M61.7M61.5M61.2M61.9M61.7M61.6M61.2M60.4M61.2M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $63.7M$91.1M$61.0M$47.5M$40.5M$81.7M$31.6M$37.4M$37.5M$50.7M
Receivables $292.2M$196.4M$186.2M$173.8M$136.0M$127.0M$134.2M$124.4M$118.2M$81.3M
Inventory $471.6M$331.0M$303.4M$292.7M$229.1M$185.0M$182.9M$157.3M$137.2M$120.1M
Total current assets $853.8M$642.5M$570.2M$531.4M$431.0M$405.5M$360.7M$328.5M$303.8M$259.6M
Property, plant and equipment $274.6M$218.9M$190.8M$179.3M$141.9M$106.9M$91.9M$62.0M$60.1M$42.9M
Goodwill $619.8M$477.7M$472.7M$453.4M$432.2M$394.2M$388.8M$375.1M$377.3M$236.5M
Other intangibles $382.9M$199.7M$207.5M$208.2M$205.7M$153.5M$162.9M$143.1M$151.8M$10.2M
Total assets $2.39B$1.77B$1.62B$1.52B$1.37B$1.21B$1.17B$1.02B$992.3M$643.2M
Accounts payable $98.0M$79.0M$66.7M$72.4M$64.8M$51.6M$65.0M$66.1M$51.5M$35.3M
Short-term debt $0$7.0M$3.9M$800.0K$0—————
Total current liabilities $282.4M$241.8M$195.8M$180.5M$170.4M$148.4M$160.2M$158.8M$117.1M$84.9M
Long-term debt ———————$209.4M$277.0M—
Total liabilities $1.01B$579.1M$618.6M$663.4M$582.1M$506.7M$523.9M$493.7M$534.9M$249.1M
Retained earnings $1.32B$1.10B$915.8M$782.2M$683.6M$605.0M$528.2M$432.5M$346.6M$301.8M
Total equity $1.38B$1.19B$1.00B$860.9M$784.0M$702.1M$641.6M$530.1M$457.4M$394.1M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $254.7M$231.3M$194.4M$71.8M$101.8M$136.2M$103.1M$92.8M$72.8M$24.7M
Depreciation and amortisation $80.5M$65.3M$60.4M$54.7M$50.4M$44.8M$41.5M$36.4M$30.0M$19.1M
Stock-based compensation $15.0M$15.6M$13.1M$10.2M$7.6M$8.4M$8.8M$7.6M$4.6M$4.8M
Capital expenditure $27.6M$40.6M$30.3M$53.0M$37.4M$29.7M$35.4M$14.1M$8.0M$6.1M
Investing cash flow -$527.9M-$78.9M-$83.7M-$99.7M-$168.7M-$34.4M-$84.4M-$11.0M-$278.2M-$16.8M
Financing cash flow $244.5M-$121.0M-$97.9M$35.5M$26.4M-$53.4M-$24.6M-$81.2M$190.7M-$36.4M
Dividends paid $34.1M$29.3M$23.8M$21.8M$22.0M$19.4M$19.3M$18.7M$16.8M$16.9M
Buybacks $39.7M$6.7M$5.5M$16.1M$15.4M$13.7M$1.0M$1.2M$0$37.8M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001628280-26-011576.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 1B 2B 3B Revenue, FY2016: 707.9M Gross profit, FY2016: 183.4M Net income, FY2016: 43.8M Revenue, FY2017: 898.5M Gross profit, FY2017: 221.2M Net income, FY2017: 61.6M Revenue, FY2018: 1.1B Gross profit, FY2018: 282.1M Net income, FY2018: 94M Revenue, FY2019: 1.2B Gross profit, FY2019: 322.8M Net income, FY2019: 108.5M Revenue, FY2020: 1.1B Gross profit, FY2020: 293.6M Net income, FY2020: 96.2M Revenue, FY2021: 1.2B Gross profit, FY2021: 288.7M Net income, FY2021: 100.6M Revenue, FY2022: 1.4B Gross profit, FY2022: 344.9M Net income, FY2022: 120.4M Revenue, FY2023: 1.7B Gross profit, FY2023: 450.2M Net income, FY2023: 157.4M Revenue, FY2024: 1.9B Gross profit, FY2024: 533M Net income, FY2024: 216.3M Revenue, FY2025: 2.2B Gross profit, FY2025: 631.2M Net income, FY2025: 246.6M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $707.9M $898.5M $1.09B $1.22B $1.13B $1.21B $1.43B $1.72B $1.86B $2.18B
Gross profit $183.4M $221.2M $282.1M $322.8M $293.6M $288.7M $344.9M $450.2M $533.0M $631.2M
Net income $43.8M $61.6M $94.0M $108.5M $96.2M $100.6M $120.4M $157.4M $216.3M $246.6M

Recent filings and events

  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Regulation FD disclosure Item 7.01
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Regulation FD disclosure Item 7.01
  • Other event Item 8.01
  • Acquisition or disposal completed A purchase or sale of a significant business or asset has closed. Item 2.01
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Shareholder vote Item 5.07
  • Other event Item 8.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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