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Federal Signal FSS Environmental Solutions — Acquisitions, including measurement period adjustments

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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$7.95B+4.3%
Enterprise value$8.46B+7.6%
P/E29.4×-5.0×
P/S3.4×-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 fss:GoodwillAcquiredDuringPeriodAndMeasurementPeriodAdjustments.

The source filing: Federal Signal’s 10-K, filed February 25, 2026.

Filed
Feb 25, 2026, 3:21 PM EST
Fiscal year
FY2025
Accession
0001628280-26-011576
(in millions of dollars)Environmental SolutionsSafety & Security SystemsTotal
Balance at December 31, 2023$361.9$110.8$472.7
Acquisitions, including measurement period adjustments8.08.0
Translation adjustments(1.1)(1.9)(3.0)
Balance at December 31, 2024368.8108.9477.7
Acquisitions, including measurement period adjustments137.3137.3
Translation adjustments0.74.14.8
Balance at December 31, 2025$506.8$113.0$619.8

Item 8. Financial Statements and Supplementary Data.

FAQ

What is Federal Signal's environmental solutions — acquisitions, including measurement period adjustments?
Federal Signal (FSS) reported environmental solutions — acquisitions, including measurement period adjustments of $34.33M in Q4 2025.
How has Federal Signal's environmental solutions — acquisitions, including measurement period adjustments changed year-over-year?
Federal Signal's environmental solutions — acquisitions, including measurement period adjustments increased by 1616.3% year-over-year, from $2M to $34.33M.
What is the long-term trend for Federal Signal's environmental solutions — acquisitions, including measurement period adjustments?
Over 3 years (2022 to 2025), Federal Signal's environmental solutions — acquisitions, including measurement period adjustments has grown at a 78.8% compound annual growth rate (CAGR), from $24M to $137.3M.
What does environmental solutions — acquisitions, including measurement period adjustments mean?
The total consideration paid for business acquisitions within the Environmental Solutions segment, including any subsequent adjustments made during the measurement period. This metric tracks the scale of external expansion and the capital deployed to acquire new technologies or market share. It provides insight into the company's strategy for scaling its environmental and industrial product offerings.

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