Federal Signal

US · FSS #1767 by market cap Listed 1970

114.41 -3.73 -3.16%

Live - 5344 symbols - heartbeat 325s ago · 2026-10-07 19:54

After-hours 114.41 0.00%

Market cap: 6.98B
P/E (TTM): 24.66
P/B: 4.63
EPS: 4.01
Div yield: 0.51%
52W pos: 40%

Reader sentiment Are you bullish or bearish on FSS?

Anonymous reader poll. Unscientific, not investment advice.

✦ Quant Financial Health how this is computed

Good

Altman Z-Score is 6.61, above the 3.0 "safe zone" threshold.
Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.

Revenue annual, last 8 years

Latest year +17.14% YoY

Margins

Gross margin: 28.95%
Operating margin: 16.37%
Net margin: 11.31%

Key ratios & quality

Enterprise value: 7.49B
PEG ratio: 0.91
Altman Z-Score: 6.61

PEG uses trailing P/E against the 3-year net income growth rate (27.00%/yr) since forward earnings estimates aren't available here, so this is not a "forward PEG." Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.

Income statement

Line item	2018	2019	2020	2021	2022	2023	2024	2025
Revenue	1.09B	1.22B	1.13B	1.21B	1.43B	1.72B	1.86B	2.18B
Gross profit	282.10M	322.80M	293.60M	288.70M	344.90M	450.20M	533.00M	631.20M
Selling & admin expenses	159.10M	164.40M	149.20M	159.50M	171.70M	210.10M	237.80M	255.90M
Research & development	--	--	--	--	--	--	--	--
Operating profit	123.00M	149.60M	134.80M	118.30M	160.30M	224.90M	280.20M	356.90M
Pretax profit	111.60M	138.60M	124.60M	117.60M	150.90M	203.00M	263.90M	324.50M
Tax	17.90M	30.20M	28.50M	17.00M	30.50M	45.60M	47.60M	77.90M
Net profit	94.00M	108.50M	96.20M	100.60M	120.40M	157.40M	216.30M	246.60M
Basic EPS	2	2	2	2	2	3	4	4
Diluted EPS	1.54	1.76	1.56	1.63	1.97	2.56	3.50	4.01

Line item	2025-03	2025-06	2025-09	2025-12	2026-03	2026-06
Revenue	463.80M	564.60M	555.00M	597.10M	625.60M	670.20M
Gross profit	130.80M	169.60M	161.50M	169.30M	179.40M	203.80M
Selling & admin expenses	60.20M	66.90M	61.40M	67.40M	72.00M	78.30M
Research & development	--	--	--	--	--	--
Operating profit	66.30M	98.20M	95.60M	96.80M	100.90M	118.90M
Pretax profit	62.00M	93.40M	90.50M	78.60M	92.20M	111.40M
Tax	15.70M	22.00M	22.40M	17.80M	21.80M	25.30M
Net profit	46.30M	71.40M	68.10M	60.80M	70.40M	86.10M
Basic EPS	1	1	1	1	1	1
Diluted EPS	0.75	1.16	1.11	0.99	1.14	1.40

Balance sheet

Line item	2018	2019	2020	2021	2022	2023	2024	2025
Total current assets	328.50M	360.70M	405.50M	431.00M	531.40M	570.20M	642.50M	853.80M
Cash & ST investments	37.40M	31.60M	81.70M	40.50M	47.50M	61.00M	91.10M	63.70M
Inventory	157.30M	182.90M	185.00M	229.10M	292.70M	303.40M	331.00M	471.60M
Total assets	1.02B	1.17B	1.21B	1.37B	1.52B	1.62B	1.77B	2.39B
Total current liabilities	158.80M	160.20M	148.40M	170.40M	180.50M	195.80M	241.80M	282.40M
Short-term debt	200.00K	8.40M	8.40M	9.40M	8.40M	11.50M	26.20M	8.40M
Long-term debt	209.40M	219.90M	209.40M	280.70M	360.20M	293.50M	203.90M	562.50M
Total liabilities	493,700,000.00	523,900,000.00	506,700,000.00	582,100,000.00	663,400,000.00	618,600,000.00	579,100,000.00	1,010,600,000.00
Total equity	530.10M	641.60M	702.10M	784.00M	860.90M	1.00B	1.19B	1.38B
Retained earnings	432.50M	528.20M	605.00M	683.60M	782.20M	915.80M	1.10B	1.32B

Line item	2025-03	2025-06	2025-09	2025-12	2026-03	2026-06
Total current assets	664.80M	684.10M	706.50M	853.80M	876.80M	856.90M
Cash & ST investments	57.50M	64.70M	54.40M	63.70M	71.40M	62.80M
Inventory	362.00M	356.50M	367.30M	471.60M	477.80M	479.80M
Total assets	1.88B	1.92B	1.94B	2.39B	2.45B	2.44B
Total current liabilities	278.40M	263.00M	271.20M	282.40M	308.20M	312.90M
Short-term debt	17.00M	17.60M	19.20M	8.40M	11.10M	14.00M
Long-term debt	266.60M	257.80M	200.70M	562.50M	546.70M	446.30M
Total liabilities	677,000,000.00	653,800,000.00	616,700,000.00	1,010,600,000.00	1,019,900,000.00	932,400,000.00
Total equity	1.20B	1.26B	1.32B	1.38B	1.43B	1.51B
Retained earnings	1.14B	1.20B	1.26B	1.32B	1.38B	1.45B

Cash flow

Line item	2018	2019	2020	2021	2022	2023	2024	2025
Operating cash flow	92.80M	103.10M	136.20M	101.80M	71.80M	194.40M	231.30M	254.70M
Depreciation & amortization	36.40M	41.50M	44.80M	50.40M	54.70M	60.40M	65.30M	80.50M
Free cash flow	78.70M	67.70M	106.50M	64.40M	18.80M	164.10M	190.70M	227.10M
Dividends paid	-18.70M	-19.30M	-19.40M	-22.00M	-21.80M	-23.80M	-29.30M	-34.10M
Stock buybacks / issuance	-1.70M	-3.10M	-22.80M	-26.10M	-22.30M	-12.50M	-12.80M	-53.30M
Ending cash balance	37.40M	31.60M	81.70M	40.50M	47.50M	61.00M	91.10M	63.70M

Line item	2025-03	2025-06	2025-09	2025-12	2026-03	2026-06
Operating cash flow	36.70M	59.70M	61.10M	97.20M	101.30M	112.90M
Depreciation & amortization	18.70M	19.90M	20.30M	21.60M	23.80M	24.60M
Free cash flow	31.10M	52.40M	54.10M	89.50M	94.60M	101.00M
Dividends paid	-8.60M	-8.50M	-8.50M	-8.50M	-9.20M	-9.10M
Stock buybacks / issuance	-27.10M	-24.00M	-800.00K	-1.40M	-8.20M	-5.40M
Ending cash balance	57.50M	64.70M	54.40M	63.70M	71.40M	62.80M

Returns & efficiency

Line item	2018	2019	2020	2021	2022	2023	2024	2025
ROE %	19.04	18.52	14.32	13.54	14.64	16.90	19.77	19.20
ROA %	9.32	9.91	8.10	7.81	8.33	10.01	12.78	11.86
ROIC %	13.80	14.12	11.06	10.27	10.96	13.43	16.41	15.07
5-year avg ROE %	15.69	15.86	15.46	15.98	16.01	15.58	15.83	16.81
EBIT margin %	11.10	12.00	11.52	10.06	11.24	12.93	14.85	15.53
FCF / sales %	7.22	5.54	9.42	5.31	1.31	9.53	10.24	10.42
Current ratio	2.07	2.25	2.73	2.53	2.94	2.91	2.66	3.02
Quick ratio	1.02	1.03	1.41	1.04	1.23	1.26	1.19	1.26
Debt / assets	20.52	21.48	19.33	22.96	25.48	19.79	14.30	24.85
LT debt / equity	39.60	37.70	32.09	38.81	44.14	30.86	19.07	42.42
Interest coverage	13.00	18.54	22.86	27.13	15.65	11.30	22.11	24.01
Revenue CAGR (3Y) %	12.36	19.94	7.97	3.65	5.52	15.06	15.34	14.97
Net income CAGR (3Y) %	13.97	35.31	16.02	2.29	3.53	17.84	29.07	27.00
FCF CAGR (3Y) %	-3.51	53.82	18.01	-6.47	-34.76	15.50	43.60	129.45

Line item	2025-03	2025-06	2025-09	2025-12	2026-03	2026-06
ROE %	18.78	18.77	19.08	19.20	20.53	20.61
ROA %	11.95	12.29	12.84	11.86	12.49	13.10
ROIC %	15.49	15.72	16.50	15.07	16.14	16.95
5-year avg ROE %	--	--	--	--	--	--
EBIT margin %	15.12	15.37	15.63	15.53	15.91	16.06
FCF / sales %	10.47	11.47	10.69	10.42	12.41	13.86
Current ratio	2.39	2.60	2.61	3.02	2.84	2.74
Quick ratio	1.01	1.15	1.17	1.26	1.24	1.12
Debt / assets	16.24	15.46	12.54	24.85	23.75	19.91
LT debt / equity	23.97	22.07	16.94	42.42	39.85	31.29
Interest coverage	23.36	24.09	25.90	24.01	20.71	19.18
Revenue CAGR (3Y) %	--	--	--	--	--	--
Net income CAGR (3Y) %	--	--	--	--	--	--
FCF CAGR (3Y) %	--	--	--	--	--	--

✦ Quant Revenue Concentration how this is computed

Single-engine

Environmental Solutions is the largest reported line at 86.20% of revenue, across 2 reported segments.
The next-largest line, Safety and Security Systems, is a distant second at 13.80% - a sharp slowdown here would have little to offset it.

Revenue breakdown most recent period

Business

Environmental Solutions86.20%

Safety and Security Systems13.80%

Quote time 2026-10-07 19:54:59 · For reference only, not investment advice and not tailored to your situation.