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Stocks · Consumer discretionary · Motor Vehicles & Passenger Car Bodies

FEDERAL SIGNAL CORP /DE/

FSS Clue Score80
United States Fiscal year ends December CIK 0000277509
$113.57 +0.85% Close, 9 Oct 2026
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Price $113.57 +178.02% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue707.9Operating income60.8Net income43.8EPS, diluted0.71Fiscal year 2017Revenue898.5 +26.9%Operating income73.6Net income61.6 +40.6%EPS, diluted1.02 +43.7%Fiscal year 2018Revenue1,089.5 +21.3%Operating income121.5Net income94.0 +52.6%EPS, diluted1.54 +51.0%Fiscal year 2019Revenue1,221.3 +12.1%Operating income147.1Net income108.5 +15.4%EPS, diluted1.76 +14.3%Fiscal year 2020Revenue1,130.8 −7.4%Operating income131.4Net income96.2 −11.3%EPS, diluted1.56 −11.4%Fiscal year 2021Revenue1,213.2 +7.3%Operating income130.7Net income100.6 +4.6%EPS, diluted1.63 +4.5%Fiscal year 2022Revenue1,434.8 +18.3%Operating income160.8Net income120.4 +19.7%EPS, diluted1.97 +20.9%Fiscal year 2023Revenue1,722.7 +20.1%Operating income224.5Net income157.4 +30.7%EPS, diluted2.56 +29.9%Fiscal year 2024Revenue1,861.5 +8.1%Operating income281.4Net income216.3 +37.4%EPS, diluted3.50 +36.7%Fiscal year 2025Revenue2,180.5 +17.1%Operating income340.9Net income246.6 +14.0%EPS, diluted4.01 +14.6%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 707.9 898.5 1,089.5 1,221.3 1,130.8 1,213.2 1,434.8 1,722.7 1,861.5 2,180.5
Growth +26.9% +21.3% +12.1% −7.4% +7.3% +18.3% +20.1% +8.1% +17.1%
Operating income 60.8 73.6 121.5 147.1 131.4 130.7 160.8 224.5 281.4 340.9
Net income 43.8 61.6 94.0 108.5 96.2 100.6 120.4 157.4 216.3 246.6
Growth +40.6% +52.6% +15.4% −11.3% +4.6% +19.7% +30.7% +37.4% +14.0%
EPS, diluted 0.71 1.02 1.54 1.76 1.56 1.63 1.97 2.56 3.50 4.01
Growth +43.7% +51.0% +14.3% −11.4% +4.5% +20.9% +29.9% +36.7% +14.6%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin25.9%Operating margin8.6%Net margin6.2%Free cash flow margin2.6%Fiscal year 2017Gross margin24.6%Operating margin8.2%Net margin6.9%Free cash flow margin7.2%Fiscal year 2018Gross margin25.9%Operating margin11.2%Net margin8.6%Free cash flow margin7.2%Fiscal year 2019Gross margin26.4%Operating margin12.0%Net margin8.9%Free cash flow margin5.5%Fiscal year 2020Gross margin26.0%Operating margin11.6%Net margin8.5%Free cash flow margin9.4%Fiscal year 2021Gross margin23.8%Operating margin10.8%Net margin8.3%Free cash flow margin5.3%Fiscal year 2022Gross margin24.0%Operating margin11.2%Net margin8.4%Free cash flow margin1.3%Fiscal year 2023Gross margin26.1%Operating margin13.0%Net margin9.1%Free cash flow margin9.5%Fiscal year 2024Gross margin28.6%Operating margin15.1%Net margin11.6%Free cash flow margin10.2%Fiscal year 2025Gross margin28.9%Operating margin15.6%Net margin11.3%Free cash flow margin10.4%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 25.9% 24.6% 25.9% 26.4% 26.0% 23.8% 24.0% 26.1% 28.6% 28.9%
Operating margin 8.6% 8.2% 11.2% 12.0% 11.6% 10.8% 11.2% 13.0% 15.1% 15.6%
Net margin 6.2% 6.9% 8.6% 8.9% 8.5% 8.3% 8.4% 9.1% 11.6% 11.3%
Free cash flow margin 2.6% 7.2% 7.2% 5.5% 9.4% 5.3% 1.3% 9.5% 10.2% 10.4%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow24.7Capital expenditure−6.1Free cash flow18.6Buybacks−37.8Dividends paid−16.9Fiscal year 2017Operating cash flow72.8Capital expenditure−8.0Free cash flow64.8 +248.4%Buybacks0.0Dividends paid−16.8Fiscal year 2018Operating cash flow92.8Capital expenditure−14.1Free cash flow78.7 +21.5%Buybacks−1.2Dividends paid−18.7Fiscal year 2019Operating cash flow103.1Capital expenditure−35.4Free cash flow67.7 −14.0%Buybacks−1.0Dividends paid−19.3Fiscal year 2020Operating cash flow136.2Capital expenditure−29.7Free cash flow106.5 +57.3%Buybacks−13.7Dividends paid−19.4Fiscal year 2021Operating cash flow101.8Capital expenditure−37.4Free cash flow64.4 −39.5%Buybacks−15.4Dividends paid−22.0Fiscal year 2022Operating cash flow71.8Capital expenditure−53.0Free cash flow18.8 −70.8%Buybacks−16.1Dividends paid−21.8Fiscal year 2023Operating cash flow194.4Capital expenditure−30.3Free cash flow164.1 +772.9%Buybacks−5.5Dividends paid−23.8Fiscal year 2024Operating cash flow231.3Capital expenditure−40.6Free cash flow190.7 +16.2%Buybacks−6.7Dividends paid−29.3Fiscal year 2025Operating cash flow254.7Capital expenditure−27.6Free cash flow227.1 +19.1%Buybacks−39.7Dividends paid−34.1
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 24.7 72.8 92.8 103.1 136.2 101.8 71.8 194.4 231.3 254.7
Capital expenditure −6.1 −8.0 −14.1 −35.4 −29.7 −37.4 −53.0 −30.3 −40.6 −27.6
Free cash flow 18.6 64.8 78.7 67.7 106.5 64.4 18.8 164.1 190.7 227.1
Growth +248.4% +21.5% −14.0% +57.3% −39.5% −70.8% +772.9% +16.2% +19.1%
Buybacks −37.8 0.0 −1.2 −1.0 −13.7 −15.4 −16.1 −5.5 −6.7 −39.7
Dividends paid −16.9 −16.8 −18.7 −19.3 −19.4 −22.0 −21.8 −23.8 −29.3 −34.1

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash50.7Shareholders’ equity394.1Fiscal year 2017Cash37.5Total debt277.0Net cash (debt)−239.5Shareholders’ equity457.4Debt to equity0.61Fiscal year 2018Cash37.4Total debt209.4Net cash (debt)−172.0Shareholders’ equity530.1Debt to equity0.40Fiscal year 2019Cash31.6Total debt219.9Net cash (debt)−188.3Shareholders’ equity641.6Debt to equity0.34Fiscal year 2020Cash81.7Total debt209.4Net cash (debt)−127.7Shareholders’ equity702.1Debt to equity0.30Fiscal year 2021Cash40.5Total debt280.7Net cash (debt)−240.2Shareholders’ equity784.0Debt to equity0.36Fiscal year 2022Cash47.5Total debt361.8Net cash (debt)−314.3Shareholders’ equity860.9Debt to equity0.42Fiscal year 2023Cash61.0Total debt301.3Net cash (debt)−240.3Shareholders’ equity1,001.9Debt to equity0.30Fiscal year 2024Cash91.1Total debt217.9Net cash (debt)−126.8Shareholders’ equity1,186.1Debt to equity0.18Fiscal year 2025Cash63.7Total debt0.0Net cash (debt)63.7Shareholders’ equity1,382.0Debt to equity0.00
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 50.7 37.5 37.4 31.6 81.7 40.5 47.5 61.0 91.1 63.7
Total debt n/a 277.0 209.4 219.9 209.4 280.7 361.8 301.3 217.9 0.0
Net cash (debt) n/a −239.5 −172.0 −188.3 −127.7 −240.2 −314.3 −240.3 −126.8 63.7
Shareholders’ equity 394.1 457.4 530.1 641.6 702.1 784.0 860.9 1,001.9 1,186.1 1,382.0
Debt to equity n/a 0.61 0.40 0.34 0.30 0.36 0.42 0.30 0.18 0.00

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
707.9 898.5 1,089.5 1,221.3 1,130.8 1,213.2 1,434.8 1,722.7 1,861.5 2,180.5
Growth +26.9% +21.3% +12.1% −7.4% +7.3% +18.3% +20.1% +8.1% +17.1%
524.5 677.3 807.4 898.5 837.2 924.5 1,089.9 1,272.5 1,328.5 1,549.3
183.4 221.2 282.1 322.8 293.6 288.7 344.9 450.2 533.0 631.2
Growth +20.6% +27.5% +14.4% −9.0% −1.7% +19.5% +30.5% +18.4% +18.4%
119.5 144.3 159.1 164.4 149.2 149.2 171.7 210.1 234.0 255.9
60.8 73.6 121.5 147.1 131.4 130.7 160.8 224.5 281.4 340.9
Growth +21.1% +65.1% +21.1% −10.7% −0.5% +23.0% +39.6% +25.3% +21.1%
56.8 61.0 111.6 138.6 124.6 117.6 150.9 203.0 263.9 324.5
17.4 0.5 17.9 30.2 28.5 17.0 30.5 45.6 47.6 77.9
43.8 61.6 94.0 108.5 96.2 100.6 120.4 157.4 216.3 246.6
Growth +40.6% +52.6% +15.4% −11.3% +4.6% +19.7% +30.7% +37.4% +14.0%
Per share
0.72 1.03 1.57 1.80 1.59 1.65 1.99 2.59 3.55 4.06
0.71 1.02 1.54 1.76 1.56 1.63 1.97 2.56 3.50 4.01
Growth +43.7% +51.0% +14.3% −11.4% +4.5% +20.9% +29.9% +36.7% +14.6%
60.4 59.7 59.9 60.2 60.3 60.8 60.5 60.7 60.9 60.8
61.2 60.4 61.2 61.6 61.7 61.9 61.2 61.5 61.7 61.5
Growth −1.3% +1.3% +0.7% +0.2% +0.3% −1.1% +0.5% +0.3% −0.3%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 14.0% a year over five years, and earnings per share grew 20.8% a year.
  • The share count barely moved in five years.
  • Operating margin is up 4.0 points on five years ago, at 15.6%.
  • Profitable in every one of the 10 years on file.