FSSNYSEMotor Vehicles & Passenger Car BodiesFiscal year ends December 31
FEDERAL SIGNAL CORP /DE/
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 30, 2026
$112.92+0.53 (+0.47%)
Close on Oct 19, 2026
- Market cap
- $6.94B
- P/E (TTM)
- 24.3
- Dividend yield
- 0.50%
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
28.9%+3.0 pts over 5 years
Operating margin
15.6%+4.0 pts over 5 years
Net margin
11.3%+2.8 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +17.1% | +15.0% | +14.0% | +11.0% | |
| Gross profit | +18.4% | +22.3% | +16.5% | +10.8% | |
| Operating income | +21.1% | +28.5% | +21.0% | +12.7% | |
| Net income | +14.0% | +27.0% | +20.7% | +14.5% | |
| EPS, diluted | +14.6% | +26.7% | +20.8% | +14.9% | |
| Free cash flow | +19.1% | +129.4% | +16.4% | +10.0% | |
| Dividend per share | +16.7% | +15.9% | +11.8% | +8.4% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 11.0% | 14.3% | 19.2% | |
| Return on assets | 6.7% | 8.1% | 11.9% | |
| Current ratio | 3.06 | 2.73 | 3.02 | |
| Debt to equity | 0.16 | 0.30 | 0.41 | |
| Net debt to EBITDA | 0.17× | 0.73× | 1.19× | |
| Interest coverage | 32.0× | 23.1× | 24.2× | |
| Inventory turnover | 5.1× | 4.6× | 3.9× | |
| Capex to revenue | 0.9% | 2.6% | 1.3% | |
| Diluted shares | 61M | 62M | 62M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Federal Signal generated $854.00M from operations and spent $403.30M on capital expenditure, dividends and share buybacks. 47% of that went back into the business.
Generated
$854.00M
Used
$403.30M
Capital expenditure$188.90M47%Dividends$131.00M32%Share buybacks$83.40M21%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin11.3%
×Asset turnover1.05×
×Equity multiplier1.62×
=Return on equity, FY202519.2%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 11.3% | 1.05× | 1.62× | 19.2% |
| FY2024 | 11.6% | 1.10× | 1.55× | 19.8% |
| FY2023 | 9.1% | 1.10× | 1.69× | 16.9% |
| FY2022 | 8.4% | 0.99× | 1.76× | 14.6% |
| FY2021 | 8.3% | 0.94× | 1.73× | 13.5% |
| FY2020 | 8.5% | 0.95× | 1.77× | 14.3% |
| FY2019 | 8.9% | 1.12× | 1.87× | 18.5% |
| FY2018 | 8.6% | 1.08× | 2.04× | 19.0% |
| FY2017 | 6.9% | 1.10× | 1.92× | 14.5% |
| FY2016 | 6.2% | 1.08× | 1.64× | 11.0% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
8of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$246.60M
- Cash generatingOperating cash flow above zero$254.70M
- Return on assets improvedROA up on the prior year13.3% → 14.0%
- Earnings backed by cashOperating cash flow above net income$254.70M vs $246.60M
- Less leverageLong-term debt to assets fell11.6% → 23.6%
- Better liquidityCurrent ratio rose2.66 → 3.02
- No dilutionShare count did not rise62M → 62M
- Gross margin improvedGross margin up on the prior year28.63% → 28.95%
- More efficientAsset turnover rose1.15 → 1.24