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.
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 |
| 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 |
| Operating Income | - | 160.30 | 224.90 | 280.20 | 356.90 |
| EBITDA | - | 215.90 | 283.10 | 341.70 | 419.10 |
| EBIT | - | 161.20 | 222.70 | 276.40 | 338.60 |
| Pretax Income | - | 150.90 | 203 | 263.90 | 324.50 |
| Tax Provision | - | 30.50 | 45.60 | 47.60 | 77.90 |
| Net Income | - | 120.40 | 157.40 | 216.30 | 246.60 |
| Net Income Common Stockholders | - | 120.40 | 157.40 | 216.30 | 246.60 |
| Total Expenses | - | 1,274.50 | 1,497.80 | 1,581.30 | 1,823.60 |
| Interest Expense | - | 10.30 | 19.70 | 12.50 | 14.10 |
| Selling General And Administration | - | 171.70 | 210.10 | 237.80 | 255.90 |
| Normalized EBITDA | - | 215.40 | 283.50 | 344.30 | 435.10 |
| Normalized Income | - | 120 | 157.71 | 218.43 | 258.76 |
| Market Cap | 7,064.10 | 7,064.10 | 7,064.10 | 7,064.10 | 7,064.10 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Federal Signal Corporationthis co. | FSS | - | 28.65β premium | 5.11 | 17.8% | 18.12 |
| Pitney Bowes Inc. | PBI | $2.7B | 16.10 | -2.90 | -18.0% | 10.27 |
| DXP Enterprises, Inc. | DXPE | $2.7B | 29.67 | 5.28 | 17.8% | 14.78 |
| Hub Group, Inc. | HUBG | $2.6B | 25.22 | 1.59 | 6.3% | 8.93 |
| The GEO Group, Inc. | GEO | $2.6B |
| - |
| - |
| - |
| - |
| - |
| - |
| 9.82 |
| 1.66 |
| 16.9% |
| 6.62 |
| Trinity Industries, Inc. | TRN | $2.6B | 10.02 | 2.35 | 23.5% | 8.15 |
| Robert Half Inc. | RHI | $2.6B | 19.72 | 2.06 | 10.4% | 15.20 |
| ABM Industries Incorporated | ABM | $2.5B | 14.47 | 1.32 | 9.1% | 9.30 |
| Alamo Group Inc. | ALG | $2.1B | 20.15 | 1.82 | 9.0% | 9.51 |
| Peer Median | - | 17.91 | 1.74 | 9.8% | 9.40 | |