Federal Signal Corp (FSS) financials
Federal Signal revenue and earnings by year
Federal Signal's revenue was $2.18 billion in the fiscal year to December 31, 2025, up 17.1% from the year before. Net income was $247 million, 11.3% of revenue. Since the fiscal year to December 31, 2016, revenue has grown 13.3% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2.18 | 1.86 | 1.72 | 1.43 | 1.21 | 1.13 | 1.22 | 1.09 | 0.90 | 0.71 |
| Revenue growth | 17.1% | 8.1% | 20.1% | 18.3% | 7.3% | -7.4% | 12.1% | 21.3% | 26.9% | — |
| Gross profit | 0.63 | 0.53 | 0.45 | 0.34 | 0.29 | 0.29 | 0.32 | 0.28 | 0.22 | 0.18 |
| Gross margin | 28.9% | 28.6% | 26.1% | 24.0% | 23.8% | 26.0% | 26.4% | 25.9% | 24.6% | 25.9% |
| Operating income | 0.34 | 0.28 | 0.22 | 0.16 | 0.12 | 0.13 | 0.15 | 0.12 | 0.07 | 0.06 |
| Operating margin | 15.6% | 14.9% | 13.0% | 11.2% | 9.9% | 11.6% | 12.0% | 11.2% | 7.5% | 8.2% |
| Net income | 0.25 | 0.22 | 0.16 | 0.12 | 0.10 | 0.10 | 0.11 | 0.09 | 0.06 | 0.04 |
| Net margin | 11.3% | 11.6% | 9.1% | 8.4% | 8.3% | 8.5% | 8.9% | 8.6% | 6.9% | 6.2% |
| Diluted EPS | $4.01 | $3.50 | $2.56 | $1.97 | $1.63 | $1.56 | $1.77 | $1.54 | $1.02 | $0.72 |
| Free cash flow | 0.23 | 0.19 | 0.16 | 0.02 | 0.06 | 0.11 | 0.07 | 0.08 | 0.06 | 0.02 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open FSS in Markets.
How Federal Signal makes money
Revenue by segment in the quarter to September 30, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| Environmental Solutions | $564M | 86.0% |
| Safety & Security Systems | $91.7M | 14.0% |
See also: FSS valuation and P/E history · FSS returns
No forecast, no recommendation. This page describes Federal Signal Corp from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.