Federal Signal Corporation designs, manufactures, and supplies a suite of products and integrated solutions for municipal, governmental, industrial, and commercial customers in the United States, Canada, Europe, and internationally. It operates through two segments, Environmental Solutions Group, and Safety and Security Systems Group. The company offers street sweepers, sewer cleaners, industrial vacuum loaders, safe-digging trucks, dump truck bodies, and trailers, as well as waterblasting, road-marking, line-removal, metal extraction support equipment, and multi-purpose maintenance vehicles under the ELGIN, VACTOR, GUZZLER, TRUVAC, WESTECH, JETSTREAM, BLASTERS, MARK RITE LINES, HOG, NEW WAY, TRACKLESS, OX BODIES, CRYSTEEL, J-CRAFT, DURACLASS, RUGBY, TRAVIS, OSW, NTE, WTB, GROUND FORCE, TOWHAUL, BUCKS, AND SWITCH-N-GO brands; and provides refuse and recycling collection vehicles through a dealer network or direct sales to service customers. It is also involved in sale of parts, service and repair, equipment rentals, and training. The company also provides systems for community alerting, emergency vehicles, first responder interoperable communications, and industrial communications; public safety equipment, such as vehicle lightbars and sirens, industrial signaling equipment, public warning systems, and general alarm/public address systems under the Federal Signal, Federal Signal VAMA, and Victor brand names through wholesalers, distributors, independent manufacturer representatives, original equipment manufacturers, and direct sales force, as well as independent foreign distributors. Federal Signal Corporation was founded in 1901 and is based in Downers Grove, Illinois.
Rule-based from financial data. Not advice.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $2.2B | $419M | $247M | $227M | 17.8% | 17.1% | 14.0% |
| 2024 | $1.9B | $342M | $216M | $191M | 18.2% | 8.1% | 37.4% |
| 2023 | $1.7B | $283M | $157M | $164M | 15.7% | 20.1% | 30.7% |
| 2022 | $1.4B | $216M | $120M | $19M | 14.0% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 1,434.80 | 1,722.70 | 1,861.50 | 2,180.50 |
| Operating Revenue | - | 1,434.80 | 1,722.70 | 1,861.50 | 2,180.50 |
| Cost Of Revenue | - | 1,089.90 | 1,272.50 | 1,328.50 | 1,549.30 |
| Gross Profit | - | 344.90 | 450.20 | 533 | 631.20 |
| Operating Expense | - | 184.60 | 225.30 | 252.80 | 274.30 |
| Selling General And Administration | - | 171.70 | 210.10 | 237.80 | 255.90 |
| Total Expenses | - | 1,274.50 | 1,497.80 | 1,581.30 | 1,823.60 |
| Operating Income | - | 160.30 | 224.90 | 280.20 | 356.90 |
| Total Operating Income As Reported | - | 160.80 | 224.50 | 281.40 | 340.90 |
| EBITDA | - | 215.90 | 283.10 | 341.70 | 419.10 |
| Normalized EBITDA | - | 215.40 | 283.50 | 344.30 | 435.10 |
| EBIT | - | 161.20 | 222.70 | 276.40 | 338.60 |
| Interest Expense | - | 10.30 | 19.70 | 12.50 | 14.10 |
| Net Interest Income | - | -10.30 | -19.70 | -12.50 | -14.10 |
| Other Non Operating Income Expenses | - | 0.40 | -1.80 | -1.20 | -2.30 |
| Other Income Expense | - | 0.90 | -2.20 | -3.80 | -18.30 |
| Interest Expense Non Operating | - | 10.30 | 19.70 | 12.50 | 14.10 |
| Net Non Operating Interest Income Expense | - | -10.30 | -19.70 | -12.50 | -14.10 |
| Pretax Income | - | 150.90 | 203 | 263.90 | 324.50 |
| Tax Provision | - | 30.50 | 45.60 | 47.60 | 77.90 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0.10 | -0.09 | -0.47 | -3.84 |
| Net Income Continuous Operations | - | 120.40 | 157.40 | 216.30 | 246.60 |
| Net Income From Continuing And Discontinued Operation | - | 120.40 | 157.40 | 216.30 | 246.60 |
| Net Income From Continuing Operation Net Minority Interest | - | 120.40 | 157.40 | 216.30 | 246.60 |
| Net Income | - | 120.40 | 157.40 | 216.30 | 246.60 |
| Net Income Common Stockholders | - | 120.40 | 157.40 | 216.30 | 246.60 |
| Net Income Including Noncontrolling Interests | - | 120.40 | 157.40 | 216.30 | 246.60 |
| Normalized Income | - | 120 | 157.71 | 218.43 | 258.76 |
| Diluted NI Availto Com Stockholders | - | 120.40 | 157.40 | 216.30 | 246.60 |
| Basic Average Shares | - | 60.50 | 60.70 | 60.90 | 60.80 |
| Diluted Average Shares | - | 61.20 | 61.50 | 61.70 | 61.50 |
| Reconciled Depreciation | - | 54.70 | 60.40 | 65.30 | 80.50 |
| Reconciled Cost Of Revenue | - | 1,048.10 | 1,227.30 | 1,278.20 | 1,487.20 |
| Total Unusual Items | - | 0.50 | -0.40 | -2.60 | -16 |
| Total Unusual Items Excluding Goodwill | - | 0.50 | -0.40 | -2.60 | -16 |
| Net Income Discontinuous Operations | 0 | 0 | - | - | - |
| Special Income Charges | - | 0.50 | -0.40 | -2.60 | -16 |
| Restructuring And Mergern Acquisition | - | -0.50 | 0.40 | 2.60 | 16 |
| Depreciation Amortization Depletion Income Statement | - | 12.90 | 15.20 | 15 | 18.40 |
| Depreciation And Amortization In Income Statement | - | 12.90 | 15.20 | 15 | 18.40 |
| General And Administrative Expense | - | 171.70 | 210.10 | 237.80 | 255.90 |
| Other Gand A | - | 171.70 | 210.10 | 234 | 255.90 |
| Salaries And Wages | - | 0 | 0 | 3.80 | 0 |
| Total Other Finance Cost | - | 0.10 | - | - | - |
| Amortization | - | 12.90 | 15.20 | 15 | 18.40 |
| Amortization Of Intangibles Income Statement | - | 12.90 | 15.20 | 15 | 18.40 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Federal Signal Corporationthis co. | FSS | $6.6B | 26.69 | 4.76 | 17.8% | 16.97 |
| Primoris Services Corporation | PRIM | $6.9B | 25.19 | 4.12 | 16.4% | 14.55 |
| Enpro Inc. | NPO | $6.7B | 165.58 | 4.34 | 2.6% | 37.34 |
| Pool Corporation | POOL | $6.7B | 16.43 | 5.63 | 34.3% | 12.83 |
| Gates Industrial Corporation plc | GTES | $6.6B |
| - |
| - |
| - |
| - |
| - |
| - |
| 26.38 |
| 1.99 |
| 7.5% |
| 12.16 |
| JBT Marel Corporation | JBTM | $6.5B | -129.10 | 1.46 | -1.1% | 25.87 |
| Armstrong World Industries, Inc. | AWI | $6.5B | 21.12 | 7.24 | 34.3% | 12.46 |
| Schneider National, Inc. | SNDR | $6.5B | 62.71 | 2.15 | 3.4% | 10.77 |
| Granite Construction Incorporated | GVA | $6.2B | 32.09 | 5.25 | 16.4% | 14.37 |
| Peer Median | - | 25.78 | 4.23 | 11.9% | 13.60 | |
Historically, Jul has averaged the highest return (+7.7%); Sep the lowest (-3.5%).
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.5%Neutral MonthJan 2026: -0.46% | +7.7%Positive MonthFeb 2026: +7.72% | -7.1%Negative MonthMar 2026: -7.12% | +13.9%Positive MonthApr 2026: +13.86% | -13.3%Negative MonthMay 2026: -13.34% | +20.4%Positive MonthJun 2026: +20.42% | -2.8%Negative MonthJul 2026: -2.76% | -1.9%*Neutral MonthAug 2026: -1.86% | — | — | — | — |
| 2025 | +6.4%Positive MonthJan 2025: +6.41% | -17.3%Negative MonthFeb 2025: -17.32% | -9.5%Negative MonthMar 2025: -9.51% | +10.7%Positive MonthApr 2025: +10.71% | +15.5%Positive MonthMay 2025: +15.52% | +13.1%Positive MonthJun 2025: +13.13% | +18.9%Positive MonthJul 2025: +18.93% | -2.8%Negative MonthAug 2025: -2.83% | -3.3%Negative MonthSep 2025: -3.25% | -0.8%Neutral MonthOct 2025: -0.81% | -3.4%Negative MonthNov 2025: -3.41% | -4.7%Negative MonthDec 2025: -4.75% |
| 2024 | +0.3%Neutral MonthJan 2024: +0.31% | +6.4%Positive MonthFeb 2024: +6.40% | +3.6%Positive MonthMar 2024: +3.61% | -4.2%Negative MonthApr 2024: -4.21% | +13.2%Positive MonthMay 2024: +13.19% | -9.1%Negative MonthJun 2024: -9.07% | +19.5%Positive MonthJul 2024: +19.48% | -5.5%Negative MonthAug 2024: -5.48% | -1.1%Neutral MonthSep 2024: -1.09% | -12.7%Negative MonthOct 2024: -12.72% | +19.4%Positive MonthNov 2024: +19.42% | -5.2%Negative MonthDec 2024: -5.15% |
| 2023 | +14.6%Positive MonthJan 2023: +14.59% | -0.9%Neutral MonthFeb 2023: -0.90% | +2.7%Positive MonthMar 2023: +2.73% | -5.2%Negative MonthApr 2023: -5.22% | +3.1%Positive MonthMay 2023: +3.13% | +20.8%Positive MonthJun 2023: +20.83% | -4.6%Negative MonthJul 2023: -4.59% | -0.2%Neutral MonthAug 2023: -0.23% | -2.0%Negative MonthSep 2023: -2.00% | -2.8%Negative MonthOct 2023: -2.83% | +18.8%Positive MonthNov 2023: +18.78% | +11.3%Positive MonthDec 2023: +11.31% |
| 2022 | -10.0%Negative MonthJan 2022: -9.97% | -7.5%Negative MonthFeb 2022: -7.46% | -6.5%Negative MonthMar 2022: -6.54% | +0.8%Neutral MonthApr 2022: +0.83% | +3.1%Positive MonthMay 2022: +3.14% | +1.4%Neutral MonthJun 2022: +1.42% | +16.6%Positive MonthJul 2022: +16.63% | -4.0%Negative MonthAug 2022: -3.97% | -6.4%Negative MonthSep 2022: -6.40% | +25.0%Positive MonthOct 2022: +25.00% | +4.2%Positive MonthNov 2022: +4.16% | -4.4%Negative MonthDec 2022: -4.36% |
| 2021 | — | — | — | — | +2.5%Positive MonthMay 2021: +2.53% | -5.3%Negative MonthJun 2021: -5.30% | -1.5%Neutral MonthJul 2021: -1.54% | +2.6%Positive MonthAug 2021: +2.58% | -4.9%Negative MonthSep 2021: -4.95% | +10.8%Positive MonthOct 2021: +10.85% | -0.9%Neutral MonthNov 2021: -0.89% | +2.1%Positive MonthDec 2021: +2.14% |
| Avg±SD |
Each cell is the percentage change in closing price from the end of the prior month to the end of this month. The bottom row shows the average return for that calendar month across the selected years, plus or minus one standard deviation — the range that historically contained roughly two-thirds of outcomes. Past monthly patterns are not a forecast of future returns.
This aggregates every month by calendar position — all Januaries together, all Februaries together, and so on — to show whether a given month has leaned positive or negative historically. ‘Simple’ counts each month as +1 or −1. ‘Weighted’ gives larger moves more influence: +2 above +10%, −2 below −10%. With only 6 years of history for this asset, each month’s score reflects a small number of observations — read it as a historical tendency, not a reliable seasonal pattern.
This tracks a running tally across the asset’s full price history: each month adds or subtracts based on whether it was positive or negative. A rising line means more positive months than negative so far; a flattening or falling line means recent months have leaned negative. This measures historical month-to-month consistency, not expected future performance.
Year-to-date return is calculated by dividing each day’s closing price by the price on January 1st of that year (or the asset’s first available price if it began trading mid-year). The custom average line shows the mean YTD return at each calendar day across the selected years. The standard deviation band shows the range within which returns have historically fallen — at 1 SD, roughly two-thirds of years; at 2 SD, roughly 95%. Past year-to-date patterns do not predict future returns. The average and standard deviation band are computed from the year set chosen in “Average from”, which is independent of which year lines are displayed. The current in-progress year is excluded from these calculations, since a partial year is not comparable to complete ones. Election-cycle groupings follow the US presidential calendar and are offered only for US and crypto assets.