FSS (Federal Signal Corporation) Stock Financials & Earnings | Market Cap Arena

FSS (Federal Signal Corporation) Stock Financials & Earnings | Market Cap Arena

FSSFederal Signal Corporation

Mkt Cap$7B

Industrials·Industrial - Pollution & Treatment Controls·🇺🇸 United States·NYSE

Revenue (TTM)$2.2B

Net Income (TTM)$247M

EPS (TTM)$4.01

Free Cash Flow (TTM)$227M

Gross Margin28.5%

Op. Margin16.3%

Net Margin11.3%

FCF Margin10.4%

P/S Ratio (TTM)3.1x

P/E Ratio (TTM)27.8x

YoY Rev Growth+17.1%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$386M	$96M	$40M
Q2 23	$442M	$117M	$59M
Q3 23	$446M	$118M	$63M
Q4 23	$448M	$119M	$63M
Q1 24	$425M	$116M	$54M
Q2 24	$490M	$144M	$81M
Q3 24	$474M	$140M	$76M
Q4 24	$472M	$133M	$70M
Q1 25	$464M	$131M	$66M
Q2 25	$565M	$170M	$98M
Q3 25	$555M	$157M	$96M
Q4 25	$597M	$164M	$97M

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q1 23	4.6x	53.9x
Q2 23	4.4x	51.1x
Q3 23	4.1x	47.1x
Q4 23	4.0x	43.6x
Q1 24	3.9x	37.8x
Q2 24	3.8x	33.9x
Q3 24	3.7x	32.2x
Q4 24	3.7x	31.7x
Q1 25	3.6x	32.5x
Q2 25	3.5x	31.0x
Q3 25	3.3x	29.1x
Q4 25	3.1x	27.8x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	$7M	$1M
Q2 23	$36M	$26M
Q3 23	$48M	$42M
Q4 23	$103M	$95M
Q1 24	$31M	$23M
Q2 24	$41M	$25M
Q3 24	$69M	$61M
Q4 24	$91M	$82M
Q1 25	$37M	$31M
Q2 25	$60M	$52M
Q3 25	$61M	$54M
Q4 25	$97M	$90M

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$6M
Q2 23	$10M
Q3 23	$6M
Q4 23	$9M
Q1 24	$8M
Q2 24	$16M
Q3 24	$8M
Q4 24	$9M
Q1 25	$6M
Q2 25	$7M
Q3 25	$7M
Q4 25	$8M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	+16.7%	+14.7%
Q2 23	+20.6%	+19.5%
Q3 23	+28.9%	+25.1%
Q4 23	+14.5%	+11.7%
Q1 24	+10.2%	+7.1%
Q2 24	+10.8%	+6.9%
Q3 24	+6.2%	+3.8%
Q4 24	+5.3%	+4.3%
Q1 25	+9.2%	+7.4%
Q2 25	+15.1%	+14.1%
Q3 25	+17.0%	+15.3%
Q4 25	+26.5%	+24.5%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$2M	0.5%
Q2 23	$4M	0.9%
Q3 23	$3M	0.7%
Q4 23	$4M	0.9%
Q1 24	$4M	1.0%
Q2 24	$4M	0.9%
Q3 24	$3M	0.7%
Q4 24	$3M	0.7%
Q1 25	$2M	0.5%
Q2 25	$6M	1.0%
Q3 25	$4M	0.6%
Q4 25	$3M	0.6%

OpEx Breakdown

Quarter	SG&A
Q1 23	$52M
Q2 23	$53M
Q3 23	$51M
Q4 23	$54M
Q1 24	$57M
Q2 24	$58M
Q3 24	$60M
Q4 24	$62M
Q1 25	$60M
Q2 25	$67M
Q3 25	$61M
Q4 25	$67M

Revenue Segments

Quarter	Environmental Solutions	Safety And Security Systems
Q1 23	$319M	$67M
Q2 23	$373M	$69M
Q3 23	$373M	$73M
Q4 23	$373M	$75M
Q1 24	$354M	$71M
Q2 24	$409M	$82M
Q3 24	$398M	$76M
Q4 24	$396M	$76M
Q1 25	$387M	$76M
Q2 25	$481M	$84M
Q3 25	$466M	$90M
Q4 25	$504M	$93M

Revenue by Geography

Quarter	Canada	Europe/Other	United States
Q1 23	$44M	$33M	$309M
Q2 23	$69M	$34M	$339M
Q3 23	$67M	$39M	$340M
Q4 23	$57M	$42M	$349M
Q1 24	$59M	$31M	$334M
Q2 24	$69M	$37M	$384M
Q3 24	$61M	$34M	$380M
Q4 24	$68M	$34M	$371M
Q1 25	$62M	$38M	$365M
Q2 25	$79M	$40M	$445M
Q3 25	$71M	$43M	$441M
Q4 25	$86M	$50M	$461M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$38M	$0	$38M
Q2 23	$49M	$0	$49M
Q3 23	$41M	$0	$41M
Q4 23	$61M	$0	$61M
Q1 24	$49M	$0	$49M
Q2 24	$49M	$0	$49M
Q3 24	$74M	$0	$74M
Q4 24	$91M	$0	$91M
Q1 25	$58M	$0	$58M
Q2 25	$65M	$0	$65M
Q3 25	$54M	$0	$54M
Q4 25	$64M	$0	$64M

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	61M	+0.2%
Q2 23	61M	+0.2%
Q3 23	61M	+0.0%
Q4 23	62M	+0.3%
Q1 24	62M	+0.0%
Q2 24	62M	+0.2%
Q3 24	62M	+0.0%
Q4 24	62M	+0.3%
Q1 25	62M	-0.2%
Q2 25	61M	-0.8%
Q3 25	61M	+0.2%
Q4 25	62M	+0.2%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 14	$340K	3K
FY 15	$349K	2K
FY 16	$322K	2K
FY 17	$290K	3K
FY 18	$330K	3K
FY 19	$339K	4K
FY 20	$323K	4K
FY 21	$311K	4K
FY 22	$350K	4K
FY 23	$383K	5K
FY 24	$396K	5K
FY 25	$376K	6K