Federal Signal Corp (FSS) Financial Statements
Industry: Motor Vehicles & Passenger Car Bodies
In fiscal 2025, Federal Signal reported revenue of $2.18B, up 17.1% from $1.86B the year before. Net income was $246.6M (a 11.3% net margin), or $4.01 per diluted share. Gross margin was 28.9% and operating margin was 15.6%. Operating activities generated $254.7M of cash, leaving $227.1M of free cash flow. At fiscal year end, Federal Signal held $2.39B in total assets against $1.01B in total liabilities, including $63.7M of cash and equivalents.
Open the full interactive Federal Signal financials → Quarterly statements, key ratios, valuation history and price charts.
Federal Signal Key Stats
| Share Price | $114.24 |
|---|---|
| Market Cap | $7.03B |
| P/E Ratio | 28.5 |
| Revenue YoY Growth | +17.1% |
| 52-Week Range | $104.51 – $133.70 |
| Shares Outstanding | 60.9 million (basic, 2026 Q2) |
Federal Signal Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $1.13B | $1.21B | $1.43B | $1.72B | $1.86B | $2.18B |
| Cost of Goods Sold | $837.2M | $924.5M | $1.09B | $1.27B | $1.33B | $1.55B |
| Gross Profit | $293.6M | $288.7M | $344.9M | $450.2M | $533.0M | $631.2M |
| Operating Income | $131.4M | $130.7M | $160.8M | $224.5M | $281.4M | $340.9M |
| Pre-Tax Income | $124.6M | $117.6M | $150.9M | $203.0M | $263.9M | $324.5M |
| Income Tax | $28.5M | $17.0M | $30.5M | $45.6M | $47.6M | $77.9M |
| Net Income | $96.2M | $100.6M | $120.4M | $157.4M | $216.3M | $246.6M |
| Diluted EPS | $1.56 | $1.63 | $1.97 | $2.56 | $3.50 | $4.01 |
Federal Signal Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $555.0M | $597.1M | $625.6M | $670.2M |
| Net Income | $68.1M | $60.8M | $70.4M | $86.1M |
| Diluted EPS | $1.11 | $0.99 | $1.14 | $1.40 |
Federal Signal Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $81.7M | $40.5M | $47.5M | $61.0M | $91.1M | $63.7M |
| Current Assets | $405.5M | $431.0M | $531.4M | $570.2M | $642.5M | $853.8M |
| Total Assets | $1.21B | $1.37B | $1.52B | $1.62B | $1.77B | $2.39B |
| Current Liabilities | $148.4M | $170.4M | $180.5M | $195.8M | $241.8M | $282.4M |
| Total Long-Term Debt | $210.0M | $282.8M | $363.0M | $299.0M | $223.8M | $565.1M |
| Total Liabilities | $506.7M | $582.1M | $663.4M | $618.6M | $579.1M | $1.01B |
| Shareholders' Equity | $702.1M | $784.0M | $860.9M | $1.00B | $1.19B | $1.38B |
Federal Signal Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $136.2M | $101.8M | $71.8M | $194.4M | $231.3M | $254.7M |
| Cash From Investing | -$34.4M | -$168.7M | -$99.7M | -$83.7M | -$78.9M | -$527.9M |
| Cash From Financing | -$53.4M | $26.4M | $35.5M | -$97.9M | -$121.0M | $244.5M |
| Free Cash Flow | $106.5M | $64.4M | $18.8M | $164.1M | $190.7M | $227.1M |
Figures from Federal Signal's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Federal Signal financials page for every line item.
Federal Signal Company Profile
| Ticker | FSS |
|---|---|
| Exchange | NYSE |
| Industry | Motor Vehicles & Passenger Car Bodies |
| Headquarters | Downers Grove, Illinois |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0000277509 |
Frequently Asked Questions
What was Federal Signal's revenue in fiscal 2025?
Federal Signal (FSS) reported revenue of $2.18B for fiscal 2025.
What is Federal Signal's annual revenue history?
Federal Signal's annual revenue by fiscal year: 2020: $1.13B; 2021: $1.21B; 2022: $1.43B; 2023: $1.72B; 2024: $1.86B; 2025: $2.18B.
What was Federal Signal's net income in fiscal 2025?
Federal Signal reported net income of $246.6M for fiscal 2025.
What was Federal Signal's earnings per share (EPS) in fiscal 2025?
Federal Signal's diluted EPS was $4.01 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Federal Signal generate in fiscal 2025?
Federal Signal generated $227.1M of free cash flow in fiscal 2025.
What was Federal Signal's revenue last quarter?
In its most recent reported quarter (2026 Q2), Federal Signal reported revenue of $670.2M.
How much debt does Federal Signal have?
Federal Signal reported $565.1M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Federal Signal are outstanding?
Federal Signal reported a weighted average of 60.9 million basic shares outstanding in 2026 Q2.
What is Federal Signal's market cap?
Based on its latest closing price, Federal Signal (FSS) has a market capitalization of about $7.03B.
When does Federal Signal's fiscal year end?
Federal Signal's fiscal year end, as registered with the SEC, is December 31.
Where is Federal Signal headquartered?
Federal Signal lists its business address in Downers Grove, Illinois in its SEC filings.