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Federal Signal Corp. (FSS) Financials

FSS
Trailing 12 months to June 30, 2026
Revenue $2.4B +24.0% YoY
Net Income $285.4M +28.8% YoY
EPS (Diluted) $4.64 +29.6% YoY
Free Cash Flow $339.2M +49.8% YoY
Market Cap $7.0B as of Sep 12, 2026
Price / Sales 2.8x on $2.4B revenue, trailing 12 months to June 30, 2026
Price / Earnings 24.4x on $285.4M net income, trailing 12 months to June 30, 2026
Price / Book 4.6x on $1.5B equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 12, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Jul 30, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the FSS SEC filings page.

Federal Signal Corp. (FSS) reported $2.4B in revenue over the twelve months to Jun 30, 2026, up 24.0% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI FSS FY2025

Federal Signal’s dominant mechanic is profitable growth converting to cash while 2025 expansion leaned on debt-funded, non-capital investment.

In FY2025, cash conversion stayed aligned with earnings: operating cash flow was $254.7M against $246.6M of net income. Free-cash-flow margin also held at 10.4%, nearly matching 10.2% in FY2024, so reported profit was not being consumed by reinvestment.

Revenue expanded while operating margin rose from 15.1% to 15.6%, indicating more incremental sales reached operating profit rather than being absorbed by overhead. That pattern is consistent with operating leverage—cost growth lagged sales growth—rather than enough evidence to label the change pricing power.

Balance-sheet leverage increased as long-term debt rose from $204.4M in FY2024 to $564.6M in FY2025, making expansion more debt-dependent. Investing cash flow of -$527.9M versus capital expenditures of $27.6M indicates investment well beyond routine plant spending, alongside that higher borrowing.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Profitability Growth Leverage Liquidity CashFlow Returns 71 / 100
Financial Health Score 71/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Federal Signal Corp.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability
80

Federal Signal Corp. has an operating margin of 15.6%, meaning the company retains $16 of operating profit per $100 of revenue. This strong profitability earns a score of 80/100, reflecting efficient cost management and pricing power. This is up from 15.1% the prior year.

Growth
71

Federal Signal Corp.'s revenue surged 17.1% year-over-year to $2.2B, reflecting rapid business expansion. This strong growth earns a score of 71/100.

Leverage
44

Federal Signal Corp. has a moderate D/E ratio of 0.41. This balance of debt and equity financing earns a leverage score of 44/100.

Liquidity
79

With a current ratio of 3.02, Federal Signal Corp. holds $3.02 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 79/100.

Cash Flow
66

Federal Signal Corp. converts 10.4% of revenue into free cash flow ($227.1M). This strong cash generation earns a score of 66/100.

Returns
84

Federal Signal Corp. earns a strong 17.8% return on equity (ROE), meaning it generates $18 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 84/100. This is down from 18.2% the prior year.

Altman Z-Score Safe
6.57

Federal Signal Corp. scores 6.57, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($7.0B) relative to total liabilities ($1.0B). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Neutral
6/9

Federal Signal Corp. passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Cash-Backed
1.03x

For every $1 of reported earnings, Federal Signal Corp. generates $1.03 in operating cash flow ($254.7M OCF vs $246.6M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Safe
24.18x

Federal Signal Corp. earns $24.18 in operating income for every $1 of interest expense ($340.9M vs $14.1M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

Export CSV

Earnings & Revenue

Revenue
$670.2M
YoY+18.7%
QoQ+7.1%
5Y CAGR+14.9%
10Y CAGR+14.5%

Federal Signal Corp. generated $670.2M in revenue in Q2 2026. This represents an increase of 18.7% from the same quarter a year earlier. Against the prior quarter it is up 7.1%.

EBITDA
$142.8M
YoY+21.4%
QoQ+15.6%
5Y CAGR+22.8%

Federal Signal Corp.'s EBITDA was $142.8M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 21.4% from the same quarter a year earlier. Against the prior quarter it is up 15.6%.

Net Income
$86.1M
YoY+20.6%
QoQ+22.3%
5Y CAGR+23.7%
10Y CAGR+25.2%

Federal Signal Corp. reported $86.1M in net income in Q2 2026. This represents an increase of 20.6% from the same quarter a year earlier. Against the prior quarter it is up 22.3%.

EPS (Diluted)
$1.40
YoY+20.7%
QoQ+22.8%
5Y CAGR+23.9%
10Y CAGR+25.0%

Federal Signal Corp. earned $1.40 per diluted share (EPS) in Q2 2026. This represents an increase of 20.7% from the same quarter a year earlier. Against the prior quarter it is up 22.8%.

Cash & Balance Sheet

Free Cash Flow
$101.0M
YoY+92.7%
QoQ+6.8%
5Y CAGR+64.8%
10Y CAGR+27.4%

Federal Signal Corp. generated $101.0M in free cash flow in Q2 2026, representing cash available after capex. This represents an increase of 92.7% from the same quarter a year earlier. Against the prior quarter it is up 6.8%.

Cash & Debt
$62.8M
YoY-2.9%
QoQ-12.0%
5Y CAGR+2.9%
10Y CAGR+5.0%

Federal Signal Corp. held $62.8M in cash against $448.2M in long-term debt as of Q2 2026.

Dividends Per Share
$0.15
YoY+7.1%
QoQ0.0%
5Y CAGR+10.8%
10Y CAGR+7.9%

Federal Signal Corp. paid $0.15 per share in dividends in Q2 2026. This represents an increase of 7.1% from the same quarter a year earlier. It is unchanged from the prior quarter.

Shares Outstanding
61M
YoY+0.4%
QoQ+0.1%
5Y CAGR0.0%
10Y CAGR+0.2%

Federal Signal Corp. had 61M shares outstanding in Q2 2026. This represents an increase of 0.4% from the same quarter a year earlier. Against the prior quarter it is up 0.1%.

Margins & Returns

Gross Margin
30.4%
YoY+0.4pp
QoQ+1.7pp
5Y change+6.0pp
10Y change+4.3pp

Federal Signal Corp.'s gross margin was 30.4% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is up 0.4 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.7 percentage points.

Operating Margin
17.6%
YoY+0.3pp
QoQ+1.7pp
5Y change+6.1pp

Federal Signal Corp.'s operating margin was 17.6% in Q2 2026, reflecting core business profitability. This is up 0.3 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.7 percentage points.

Net Margin
12.8%
YoY+0.2pp
QoQ+1.6pp
5Y change+4.0pp
10Y change+7.6pp

Federal Signal Corp.'s net profit margin was 12.8% in Q2 2026, showing the share of revenue converted to profit. This is up 0.2 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.6 percentage points.

Return on Equity
5.7%
YoY+0.1pp
QoQ+0.8pp
5Y change+1.7pp
10Y change+3.4pp

Federal Signal Corp.'s ROE was 5.7% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 0.1 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.8 percentage points.

Capital Allocation

Share Buybacks
$100K
YoY-99.5%
5Y CAGR-12.9%
10Y CAGR-40.1%

Federal Signal Corp. spent $100K on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 99.5% from the same quarter a year earlier.

Capital Expenditures
$11.9M
YoY+63.0%
QoQ+77.6%
5Y CAGR+18.9%
10Y CAGR+22.2%

Federal Signal Corp. invested $11.9M in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 63.0% from the same quarter a year earlier. Against the prior quarter it is up 77.6%.

R&D Spending

Not reported for Q2 2026.

FSS Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

FSS quarterly income statement
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Revenue$670.2M+18.7%$625.6M+34.9%$597.1M+26.5%$555.0M+17.0%$564.6M+15.1%$463.8M+9.2%$472.0M+5.3%$474.2M+6.2%
Cost of Revenue$466.4M+18.1%$446.2M+34.0%$427.8M+26.0%$393.5M+17.9%$395.0M+14.0%$333.0M+7.8%$339.4M+3.2%$333.8M+1.6%
Gross Profit$203.8M+20.2%$179.4M+37.2%$169.3M+27.7%$161.5M+15.0%$169.6M+17.8%$130.8M+12.8%$132.6M+11.1%$140.4M+19.3%
SG&A Expenses$78.3M+17.0%$72.0M+19.6%$67.4M+15.4%$61.4M+2.2%$66.9M+14.8%$60.2M+5.2%$58.4M+7.9%$60.1M+18.8%
Operating Income$118.2M+21.0%$99.7M+51.8%$83.5M+19.1%$94.0M+23.8%$97.7M+20.5%$65.7M+21.0%$70.1M+11.1%$75.9M+21.4%
EBITDA$142.8M+21.4%$123.5M+46.3%$105.1M+19.8%$114.3M+23.7%$117.6M+21.4%$84.4M+21.1%$87.7M+11.9%$92.4M+18.8%
Interest Expense$6.0M+71.4%$6.9M+130.0%$4.8M+54.8%$2.8M-6.7%$3.5M+9.4%$3.0M-6.3%$3.1M-27.9%$3.0M-41.2%
Income Tax$25.3M+15.0%$21.8M+38.9%$17.8M+38.0%$22.4M+19.8%$22.0M+31.7%$15.7M+2342.9%$12.9M+6.6%$18.7M+35.5%
Net Income$86.1M+20.6%$70.4M+52.1%$60.8M+21.6%$68.1M+26.3%$71.4M+17.4%$46.3M-10.3%$50.0M+7.8%$53.9M+24.5%
EPS (Basic)$1.41+19.5%$1.16+52.6%$1.00+22.0%$1.12+27.3%$1.18+18.0%$0.76-10.6%$0.82+7.9%$0.88+23.9%
EPS (Diluted)$1.40+20.7%$1.14+52.0%$0.99+23.7%$1.11+27.6%$1.16+17.2%$0.75-10.7%$0.80+6.7%$0.87+22.5%
Diluted Shares (Avg)62M+0.3%62M-0.5%N/A61M-0.5%61M-0.6%62M+0.3%N/A62M+0.5%

Not reported in any period shown, so not listed: R&D Expenses.

FSS Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

FSS quarterly balance sheet
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Total Assets$2.4B+27.3%$2.5B+30.6%$2.4B+35.5%$1.9B+11.8%$1.9B+13.3%$1.9B+13.8%$1.8B+8.9%$1.7B+4.8%
Current Assets$856.9M+25.3%$876.8M+31.9%$853.8M+32.9%$706.5M+8.8%$684.1M+11.8%$664.8M+11.7%$642.5M+12.7%$649.2M+7.5%
Cash & Equivalents$62.8M-2.9%$71.4M+24.2%$63.7M-30.1%$54.4M-26.2%$64.7M+33.1%$57.5M+17.6%$91.1M+49.3%$73.7M+79.8%
Short-Term Investments$0$0$0$0$0$0$0$0
Inventory$479.8M+34.6%$477.8M+32.0%$471.6M+42.5%$367.3M+9.0%$356.5M+9.1%$362.0M+12.2%$331.0M+9.1%$337.0M+2.1%
Accounts Receivable$288.8M+21.2%$310.1M+38.9%$292.2M+48.8%$263.6M+19.7%$238.3M+11.6%$223.2M+16.6%$196.4M+5.5%$220.3M+3.3%
Long-Term Investments$0$0$0$0$0$0$0$0
Goodwill$636.8M+23.0%$626.8M+21.9%$619.8M+29.7%$521.7M+10.6%$517.6M+10.2%$514.0M+9.3%$477.7M+1.1%$471.6M-0.4%
Total Liabilities$932.4M+42.6%$1.0B+50.6%$1.0B+74.5%$616.7M+5.6%$653.8M+10.5%$677.0M+11.5%$579.1M-6.4%$584.2M-16.4%
Current Liabilities$312.9M+19.0%$308.2M+10.7%$282.4M+16.8%$271.2M+18.2%$263.0M+24.2%$278.4M+31.9%$241.8M+23.5%$229.4M+13.2%
Non-Current Liabilities$619.5M+58.5%$711.7M+78.5%$728.2M+115.9%$345.5M-2.6%$390.8M+2.8%$398.6M+0.7%$337.3M-20.2%$354.8M-28.5%
Long-Term Debt$448.2M+73.5%$548.6M+105.5%$564.6M+176.2%$201.2M-9.9%$258.3M+3.8%$266.9M0.0%$204.4M-30.5%$223.3M-38.3%
Total Equity$1.5B+19.4%$1.4B+19.3%$1.4B+16.5%$1.3B+15.0%$1.3B+14.8%$1.2B+15.1%$1.2B+18.4%$1.1B+20.2%
Retained Earnings$1.5B+20.8%$1.4B+20.7%$1.3B+19.3%$1.3B+19.1%$1.2B+18.7%$1.1B+18.8%$1.1B+20.4%$1.1B+21.1%

FSS Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

FSS quarterly cash flow statement
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Operating Cash Flow$112.9M+89.1%$101.3M+176.0%$97.2M+7.3%$61.1M-11.2%$59.7M+47.0%$36.7M+17.3%$90.6M-12.4%$68.8M+43.3%
Depreciation & Amortization$24.6M+23.6%$23.8M+27.3%$21.6M+22.7%$20.3M+23.0%$19.9M+25.9%$18.7M+21.4%$17.6M+15.0%$16.5M+7.8%
Stock-Based CompensationN/A$2.7M+12.5%N/AN/AN/A$2.4M-45.5%N/AN/A
Capital Expenditures$11.9M+63.0%$6.7M+19.6%$7.7M-9.4%$7.0M-11.4%$7.3M-53.8%$5.6M-33.3%$8.5M-4.5%$7.9M+38.6%
Free Cash Flow$101.0M+92.7%$94.6M+204.2%$89.5M+9.0%$54.1M-11.2%$52.4M+111.3%$31.1M+35.8%$82.1M-13.1%$60.9M+44.0%
Investing Cash Flow-$10.5M-59.1%-$51.6M+41.2%-$426.6M-786.9%-$7.0M+10.3%-$6.6M+57.1%-$87.7M-1053.9%-$48.1M-501.3%-$7.8M-81.4%
Financing Cash Flow-$111.2M-138.1%-$41.7M-346.7%$338.9M+1523.9%-$64.6M-76.0%-$46.7M-85.3%$16.9M+147.9%-$23.8M+69.0%-$36.7M+27.2%
Dividends Paid$9.1M+7.1%$9.2M+7.0%$8.5M+16.4%$9.2M+26.0%$8.5M+14.9%$8.6M+17.8%$7.3M+19.7%$7.3M+19.7%
Share Buybacks$100K-99.5%$0-100.0%$0-100.0%$0-100.0%$21.2M$18.5M+18400.0%$2.2M+83.3%$4.4M+2.3%

FSS Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

FSS quarterly financial ratios
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Gross Margin30.4%+0.4pp28.7%+0.5pp28.3%+0.3pp29.1%-0.5pp30.0%+0.7pp28.2%+0.9pp28.1%+1.5pp29.6%+3.2pp
Operating Margin17.6%+0.3pp15.9%+1.8pp14.0%-0.9pp16.9%+0.9pp17.3%+0.8pp14.2%+1.4pp14.8%+0.8pp16.0%+2.0pp
Net Margin12.8%+0.2pp11.3%+1.3pp10.2%-0.4pp12.3%+0.9pp12.7%+0.3pp10.0%-2.2pp10.6%+0.2pp11.4%+1.7pp
Return on Equity5.7%+0.1pp4.9%+1.1pp4.4%+0.2pp5.1%+0.5pp5.7%+0.1pp3.9%-1.1pp4.2%-0.4pp4.7%+0.2pp
Return on Assets3.5%-0.2pp2.9%+0.4pp2.5%-0.3pp3.5%+0.4pp3.7%+0.1pp2.5%-0.7pp2.8%0.0pp3.1%+0.5pp
Current Ratio2.74+0.1x2.84+0.5x3.02+0.4x2.61-0.2x2.60-0.3x2.39-0.4x2.66-0.3x2.83-0.1x
Debt-to-Equity0.30+0.1x0.38+0.2x0.41+0.2x0.150.0x0.200.0x0.220.0x0.17-0.1x0.19-0.2x
Asset Turnover0.270.0x0.250.0x0.250.0x0.290.0x0.290.0x0.250.0x0.270.0x0.270.0x
FCF Margin15.1%+5.8pp15.1%+8.4pp15.0%-2.4pp9.8%-3.1pp9.3%+4.2pp6.7%+1.3pp17.4%-3.7pp12.8%+3.4pp

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company Fiscal year Revenue Net income Net margin Market cap Health score
Federal Signal Corp. FSS FY2025 $2.2B $246.6M 11.3% $7.0B 71/100
Zurn Elkay Water Solutions Corporation ZWS FY2025 $1.7B $198.0M 11.7% $7.6B 56/100
PureCycle Technologies, Inc. PCT FY2025 $8.4M -$182.6M N/A $1.2B 28/100
Veralto Corporation VLTO FY2025 $5.5B $940.0M 17.1% $22.8B 76/100
Ceco Environmental Corp CECO FY2025 $774.4M $50.1M 6.5% $4.4B 53/100
Energy Recovery, Inc. ERII FY2025 $135.0M $23.0M 17.0% $371.1M 74/100

Frequently Asked Questions

What is Federal Signal Corp.'s annual revenue?

Federal Signal Corp. (FSS) reported $2.2B in total revenue for fiscal year 2025. This represents a 17.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Federal Signal Corp.'s revenue growing?

Federal Signal Corp. (FSS) revenue grew by 17.1% year-over-year, from $1.9B to $2.2B in fiscal year 2025.

Is Federal Signal Corp. profitable?

Yes, Federal Signal Corp. (FSS) reported a net income of $246.6M in fiscal year 2025, with a net profit margin of 11.3%.

Federal Signal Corp. (FSS) reported diluted earnings per share of $4.01 for fiscal year 2025. This represents a 14.6% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Federal Signal Corp. (FSS) had EBITDA of $421.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

As of fiscal year 2025, Federal Signal Corp. (FSS) had $63.7M in cash and equivalents against $564.6M in long-term debt.

Federal Signal Corp. (FSS) had a gross margin of 28.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

Federal Signal Corp. (FSS) had an operating margin of 15.6% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

Federal Signal Corp. (FSS) had a net profit margin of 11.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Yes, Federal Signal Corp. (FSS) paid $0.56 per share in dividends during fiscal year 2025.

Federal Signal Corp. (FSS) has a return on equity of 17.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

Federal Signal Corp. (FSS) generated $227.1M in free cash flow during fiscal year 2025. This represents a 19.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

Federal Signal Corp. (FSS) generated $254.7M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Federal Signal Corp. (FSS) had $2.4B in total assets as of fiscal year 2025, including both current and long-term assets.

Federal Signal Corp. (FSS) invested $27.6M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Yes, Federal Signal Corp. (FSS) spent $39.7M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Federal Signal Corp. (FSS) had 61M shares outstanding as of fiscal year 2025.

Federal Signal Corp. (FSS) had a current ratio of 3.02 as of fiscal year 2025, which is generally considered healthy.

Federal Signal Corp. (FSS) had a debt-to-equity ratio of 0.41 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Federal Signal Corp. (FSS) had a return on assets of 10.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Federal Signal Corp. (FSS) trades at 24.4x earnings, its market capitalization divided by net income of $285.4M net income, trailing 12 months to June 30, 2026. The market capitalization is $7.0B as of Sep 12, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

Federal Signal Corp. (FSS) trades at 2.8x sales, its market capitalization divided by revenue of $2.4B revenue, trailing 12 months to June 30, 2026. The market capitalization is $7.0B as of Sep 12, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

Federal Signal Corp. (FSS) has an Altman Z-Score of 6.57, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

Federal Signal Corp. (FSS) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Federal Signal Corp. (FSS) has an earnings quality ratio of 1.03x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Federal Signal Corp. (FSS) has an interest coverage ratio of 24.18x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

Federal Signal Corp. (FSS) scores 71 out of 100 on our Financial Health Score, indicating strong standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.

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