Federal Signal (FSS) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Federal Signal

NYSE•Industrials•Farm & Heavy Construction Machinery

$113.83+0.05(<0.01%)Market closed

Market Cap

$6.93B

P/E

24.3x

P/S

2.8x

P/B

4.6x

Federal Signal Corporation designs, manufactures, and supplies a suite of products and integrated solutions for municipal, governmental, industrial, and commercial customers in the United States, Canada, Europe, and internationally. It operates through two segments, Environmental Solutions Group, and Safety and Security Systems Group. The company offers street sweepers, sewer cleaners, industrial vacuum loaders, safe-digging trucks, dump truck bodies, and trailers, as well as waterblasting, road-marking, line-removal, metal extraction support equipment, and multi-purpose maintenance vehicles under the ELGIN, VACTOR, GUZZLER, TRUVAC, WESTECH, JETSTREAM, BLASTERS, MARK RITE LINES, HOG, NEW WAY, TRACKLESS, OX BODIES, CRYSTEEL, J-CRAFT, DURACLASS, RUGBY, TRAVIS, OSW, NTE, WTB, GROUND FORCE, TOWHAUL, BUCKS, AND SWITCH-N-GO brands; and provides refuse and recycling collection vehicles through a dealer network or direct sales to service customers. It is also involved in sale of parts, service and repair, equipment rentals, and training. The company also provides systems for community alerting, emergency vehicles, first responder interoperable communications, and industrial communications; public safety equipment, such as vehicle lightbars and sirens, industrial signaling equipment, public warning systems, and general alarm/public address systems under the Federal Signal, Federal Signal VAMA, and Victor brand names through wholesalers, distributors, independent manufacturer representatives, original equipment manufacturers, and direct sales force, as well as independent foreign distributors. Federal Signal Corporation was founded in 1901 and is based in Downers Grove, Illinois.

How this company scores

ExcellentMetricSide Score: 91/100

Strongest: Growth (25/25); weakest: Balance Sheet & Red Flags (17/25).

Profitability24/25

Growth25/25

Balance Sheet & Red Flags17/25

Cash & Earnings Quality25/25

Strengths

Growing revenueRising free cash flowStrong marginsHigh ROE

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 24.3x5y range 20.4x – 30.6x

Currently near its 20-quarter median.

P/S · 2.8x5y range 1.6x – 3.5x

Currently near its 20-quarter median.

P/B · 4.6x5y range 2.6x – 5.5x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

Some Concerns

Leverage Risk

Watch

Debt-to-equity has risen 40.0% recently — increasing financial risk even if the current ratio is manageable.

Price & Volume

Market Cap $6.93B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $2.45B
Q. Revenue: $670.20M
TTM EBITDA: $485.70M
TTM Op. Income: $395.40M
Q. Op. Income: $118.20M
TTM Net Income: $285.40M
Q. Net Income: $86.10M
EPS: $1.41
Shares Out.: $60.90M

$2.45B in TTM revenue grew 24.0% YoY, reaching $670.20M last quarter. TTM EBITDA of $485.70M and TTM operating income of $395.40M show growth is flowing through to the bottom line. TTM net income of $285.40M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 30.4%
EBITDA Margin: 21.3%
Op. Margin: 17.6%
Net Margin: 12.8%

Op. margin of 17.6% is up 0.3% YoY — cost efficiency is improving. Net margin at 12.8% and gross margin of 30.4% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has risen for 2 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 24.3x
P/S Ratio: 2.8x
P/B Ratio: 4.6x

At 24.3x P/E, the stock trades within typical market levels. P/S of 2.8x and P/B of 4.6x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is down 17% — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $2.44B
Cash: $62.80M
Long-Term Debt: $448.20M
Book Value: $1.51B
D/E Ratio: 0.3
Debt/EBITDA: 3.1

With $2.44B in assets and $448.20M in long-term debt, D/E is 0.3and book value is $1.51B — a conservative capital structure with a cushion to weather downturns. Across the last 8 quarters, debt/equity has fallen for 2 consecutive quarters — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $112.90M
TTM Free Cash Flow: $339.20M
FCF Margin: 13.9%
FCF / Net Income: 1.2

TTM FCF of $339.20M on $112.90M in operating cash flow. The FCF / Net Income ratio of 1.2x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has risen for 3 consecutive quarters — an improving trend.