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Segments

By segment

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Environmental Solutions$22.6M+28.4%
Safety and Security Systems$1.1M+10.0%
Corporate$100K0.0%

Other financials

Income statement

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Revenue$625.6M+34.9%
Gross profit$179.4M+37.2%
Operating income$99.7M+51.8%
Net income$70.4M+52.1%
EPS (diluted)$1.14+52.0%

Balance sheet

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Cash & equivalents$71.4M+24.2%
Total debt$589.1M+80.7%
Total equity$1.4B+19.3%
Total assets$2.5B+30.6%

Cash flow

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Operating cash flow$101.3M+176%
CapEx$6.7M+19.6%
Free cash flow$94.6M+204%

Valuation

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Market cap$7.8B+2.4%
Enterprise value$8.32B+5.8%
P/E28.8×-5.6×
P/S3.3×-0.5×

Profitability

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Gross margin29%+0.2pp
Operating margin16%+0.6pp
Net margin11.6%+0.5pp
FCF margin12.4%+1.9pp

Returns & leverage

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Return on equity20.5%+1.7pp
Debt / equity0.4×+0.1×
Current ratio2.8×+0.5×

Where this comes from

Reported directly by Federal Signal in its filing.

Tagged under the XBRL concept us-gaap:DepreciationDepletionAndAmortization.

The source filing: Federal Signal’s 10-Q, filed April 29, 2026.

Filed
Apr 29, 2026, 3:19 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001628280-26-028312
(in millions)Three Months Ended March 31, 2026Three Months Ended March 31, 2025
Operating activities:
Net income$70.4$46.3
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization23.818.7
Stock-based compensation expense2.72.4
Changes in fair value of contingent consideration0.2
Payments for acquisition-related activity(3.5)
Deferred income taxes2.30.7

Item 1. Financial Statements (Unaudited).

FAQ

What is Federal Signal's D&A?
Federal Signal (FSS) reported D&A of $23.8M in Q1 2026.
How has Federal Signal's D&A changed year-over-year?
Federal Signal's D&A increased by 27.3% year-over-year, from $18.7M to $23.8M.
What is the long-term trend for Federal Signal's D&A?
Over 4 years (2021 to 2025), Federal Signal's D&A has grown at a 12.4% compound annual growth rate (CAGR), from $50.4M to $80.5M.
What does D&A mean?
Total non-cash depreciation of tangible assets and amortization of intangible assets — the largest add-back to net income in the operating cash flow reconciliation.

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