What is Federal Signal's net debt?

Federal Signal (FSS) reported net debt of $517.7M in Q1 2026.

How has Federal Signal's net debt changed year-over-year?

Federal Signal's net debt increased by 92.7% year-over-year, from $268.6M to $517.7M.

What is the long-term trend for Federal Signal's net debt?

Over 5 years (2020 to 2025), Federal Signal's net debt has grown at a 28.5% compound annual growth rate (CAGR), from $152.8M to $535M.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

Federal Signal FSS Net debt

Discontinued — last reported Q1 '26

Net debt at other companies

Cleveland-CliffsCLF

40×—

Armstrong World IndustriesAWI

0.9×-0.1×

LAD

Lithia MotorsLAD

0.4×0.0×

Albertsons CompaniesACI

4.1×+0.4×

Pilgrim's Pride CorporationPPC

1.5×+0.9×

ESABESAB

2.3×+0.7×

Other financials

Income statement

See full

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

See full

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

See full

Operating cash flow$101.3M+176%

CapEx$6.7M+19.6%

Free cash flow$94.6M+204%

Valuation

See full

Market cap$7.23B+46.5%

Enterprise value$7.75B+49.1%

P/E26.7×+3.3×

P/S3.1×+0.5×

Profitability

See full

Gross margin29%+0.2pp

Operating margin16%+0.6pp

Net margin11.6%+0.5pp

FCF margin12.4%+1.9pp

Returns & leverage

See full

Return on equity20.5%+1.7pp

Debt / equity0.4×+0.1×

Current ratio2.8×+0.5×

Where this comes from

Calculated from Federal Signal’s reported figures.

$589.1Mtotal debt−$71.4Mcash and equivalents=$517.7M

The official record: Federal Signal’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

Ask your AI about Federal Signal's net debt.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI

Claude

Questions, answered.

What is Federal Signal's net debt?: Federal Signal (FSS) reported net debt of $517.7M in Q1 2026.
How has Federal Signal's net debt changed year-over-year?: Federal Signal's net debt increased by 92.7% year-over-year, from $268.6M to $517.7M.
What is the long-term trend for Federal Signal's net debt?: Over 5 years (2020 to 2025), Federal Signal's net debt has grown at a 28.5% compound annual growth rate (CAGR), from $152.8M to $535M.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.