Is Federal Signal (FSS) overvalued or fairly valued?

MarketChacha shows Federal Signal's valuation in context — a trailing P/E of about 23.8, a forward P/E of about 19.6, a price-to-book of about 4.6 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

Does Federal Signal's reported profit turn into cash?

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash. MarketChacha computes this cash-conversion check (1.10×) from reported figures — education, not a rating.

What is Federal Signal's revenue?

Federal Signal reported revenue of $2.2B for FY2025, with net profit of $246.6M, per official filings.

What is the share price of Federal Signal (FSS)?

Federal Signal last traded at $114.61 (+1.5% on the day), as of 10/20/2026 — a delayed quote shown for education, not investment advice.

Federal Signal

FSS · NYSE · Industrials · United States

Snapshot

TickerFSS

ExchangeNYSE

SectorIndustrials

IndustryFarm & Heavy Construction Machinery

CountryUnited States

Employees5,800

HeadquartersDowners Grove, United States

Websitewww.federalsignal.com

Filings tracked14

About Federal Signal

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.

Who owns it

Insiders2.6%
Institutions97.4%
Public & other0.0%

635 institutional holders

Ownership breakdown from public market data.

Top holders

Blackrock Inc.15.76%
Vanguard Portfolio Management LLC5.73%
Vanguard Capital Management LLC4.34%
State Street Corporation4.01%
Capital World Investors3.68%
Geode Capital Management, LLC3.20%
FMR, LLC2.44%
Neuberger Berman Group, LLC2.36%

Largest institutional holders — last updated 6/30/2026.

Forensic scorecard

No major accounting red flags in the fundamentals we have — profit is backed by cash and returns look healthy.

Cash conversion1.10×

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash.

Net margin trend9.1% → 11.3%

Margin has expanded by about 2.2 points — the business is getting more profitable.

Return on equity17.8%

Latest ROE of 17.8% — capital is generating a healthy return.

Growth qualityrev 13% · PAT 25%

Profit growth is broadly tracking revenue growth — the earnings trend looks operational rather than one-off.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $680.2M · EPS 1.31

Est. earnings growth +13.2%

Next fiscal year

Rev $2.8B · EPS 5.78

Est. earnings growth +10.5%

Analyst consensus estimates — not the company's own guidance.

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Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

Revenue (FY2025)

$2.2B

Net margin

11.3%

ROE

17.8%

Revenue CAGR (2y)

+12.5%

Profit CAGR (2y)

+25.2%

EPS (FY2025)

4.01

Net profit (FY2025)

$246.6M

Ask MarketChacha about FSS

Get a cited, plain-English answer — the “why”, not just data. Finance research only, never buy/sell advice.

Financials

Yearly

Period	Revenue	Net profit	EPS	Net margin	ROE
FY2025	$2.2B	$246.6M	4.01	11.3%	17.8%
FY2024	$1.9B	$216.3M	3.50	11.6%	18.2%
FY2023	$1.7B	$157.4M	2.56	9.1%	15.7%

Quarterly

Period	Revenue	Net profit	EPS	Net margin
2026Q2	$670.2M	$86.1M	1.40	12.8%
2026Q1	$625.6M	$70.4M	1.14	11.3%
2025Q3	$555.0M	$68.1M	1.11	12.3%
2025Q2	$564.6M	$71.4M	1.16	12.6%
2025Q1	$463.8M	$46.3M	0.75	10.0%
2024Q3	$474.2M	$53.9M	0.87	11.4%
2024Q2	$490.4M	$60.8M	0.99	12.4%
2024Q1	$424.9M	$51.6M	0.84	12.1%
2023Q3	$446.4M	$43.3M	0.71	9.7%
2023Q2	$442.4M	$40.3M	0.66	9.1%
2023Q1	$385.5M	$27.4M	0.45	7.1%

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

10-Q filing
SEC7/30/2026
8-K — Reg FD disclosure, Exhibits
SEC5/20/2026material
10-Q filing
SEC4/29/2026
8-K — Shareholder vote results, Exhibits
SEC4/22/2026material
8-K — Reg FD disclosure, Exhibits
SEC3/2/2026material
8-K — Executive/director change, Exhibits
SEC2/26/2026material
10-K — FORM 10-K
SEC2/25/2026
8-K — Other events, Exhibits
SEC1/16/2026material
8-K — Reg FD disclosure, Exhibits
SEC1/14/2026material

2025

8-K — Other events, Exhibits
SEC12/18/2025material
8-K — Completion of acquisition/disposition, Exhibits
SEC12/1/2025material
10-Q filing
SEC10/30/2025
8-K — Material agreement, Exhibits
SEC9/25/2025material
10-Q filing
SEC7/30/2025

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed market data) are delayed and shown for reference only. Verify with the linked sources before acting.