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Federal Signal FSS Operating Income

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Segments

By segment

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Environmental Solutions$89.1M+49.2%
Safety and Security Systems$23.6M+49.4%
Corporate$13M+32.7%

Other financials

Income statement

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Revenue$625.6M+34.9%
Gross profit$179.4M+37.2%
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 us-gaap:OperatingIncomeLoss.

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, except per share data)Three Months Ended March 31, 2026Three Months Ended March 31, 2025
Selling, engineering, general and administrative expenses72.060.2
Amortization expense6.54.3
Acquisition and integration-related expenses, net1.20.6
Operating income99.765.7
Interest expense, net6.93.0
Other expense, net0.60.7
Income before income taxes92.262.0
Income tax expense21.815.7

Item 1. Financial Statements (Unaudited).

FAQ

What is Federal Signal's operating income?
Federal Signal (FSS) reported operating income of $99.7M in Q1 2026.
How has Federal Signal's operating income changed year-over-year?
Federal Signal's operating income increased by 51.8% year-over-year, from $65.7M to $99.7M.
What is the long-term trend for Federal Signal's operating income?
Over 4 years (2021 to 2025), Federal Signal's operating income has grown at a 27.1% compound annual growth rate (CAGR), from $130.7M to $340.9M.
What does operating income mean?
Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

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