A Business at a Glance
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FEDERAL SIGNAL CORP /DE/
FSS
$7.3B
Mkt Cap
$118.89
+0.93%
FEDERAL SIGNAL CORP /DE/ (FSS) has a current P/E ratio of 29.6, compared to its historical median P/E of 21.6. The stock is currently considered Expensive based on its historical valuation range.
FEDERAL SIGNAL CORP /DE/ (FSS) has a 5-year average return on invested capital (ROIC) of 14.3%. This indicates solid capital allocation.
FEDERAL SIGNAL CORP /DE/ (FSS) has a market capitalization of $7.3B. It is classified as a mid-cap stock.
Yes, FEDERAL SIGNAL CORP /DE/ (FSS) pays a dividend with a trailing twelve-month yield of 0.48%. The company also returns capital through share buybacks, with a buyback yield of 0.29%.
Based on historical P/E analysis, FEDERAL SIGNAL CORP /DE/ (FSS) appears expensive. The current P/E of 29.6 is 37% above its historical median of 21.6. The estimated fair value CAGR (P/E method) is 14.3%.
FEDERAL SIGNAL CORP /DE/ (FSS) operates in the Motor Vehicles & Passenger Car Bodies industry, within the Consumer Cyclical sector.
FEDERAL SIGNAL CORP /DE/ (FSS) reported annual revenue of $2.2 billion in its most recent fiscal year, based on SEC EDGAR filings.
Federal Signal Corporation, founded in 1901, was reincorporated as a Delaware corporation in 1969. The Company designs, manufactures, and supplies a suite of products and integrated solutions for municipal, governmental, industrial, and commercial customers. The Company’s portfolio of products that it manufactures includes (i) vehicles and equipment for maintenance and infrastructure end-markets, including sewer cleaners, industrial vacuum loaders, vacuum- and hydro-excavation trucks (collectively, “safe-digging trucks”), street sweepers, waterblasting equipment, refuse collection vehicles, road-marking and line-removal equipment, dump truck bodies, trailers, metal extraction support equipment, and multi-purpose maintenance vehicles, and (ii) public safety equipment, such as vehicle lightbars and sirens, industrial signaling equipment, public warning systems, and general alarm/public address systems.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 2.3B | 2.2B | 1.9B | 1.7B | 1.4B | 1.2B |
| Net Income | 271M | 247M | 216M | 157M | 120M | 101M |
| EPS | $4.45 | $4.01 | $3.50 | $2.56 | $1.97 | $1.63 |
| Free Cash Flow | 291M | 227M | 191M | 164M | 19M | 64M |
| ROIC | 14.9% | 16.1% | 17.9% | 14.3% | 11.5% | 11.9% |
| Gross Margin | 29.0% | 28.9% | 28.6% | 26.1% | 24.0% | 23.8% |
| Debt/Equity | 0.38 | 0.43 | 0.20 | 0.32 | 0.45 | 0.40 |
| Dividends/Share | $0.57 | $0.56 | $0.48 | $0.39 | $0.36 | $0.36 |
| Operating Income | 375M | 341M | 281M | 225M | 161M | 131M |
| Operating Margin | 16.0% | 15.6% | 15.1% | 13.0% | 11.2% | 10.8% |
| ROE | 18.9% | 19.2% | 19.8% | 16.9% | 14.6% | 13.5% |
| Shares Outstanding | 61M | 61M | 62M | 61M | 61M | 62M |
| Metric | 2014 | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 779M | 768M | 708M | 899M | 1.1B | 1.2B | 1.1B | 1.2B | 1.4B | 1.7B | 1.9B | 2.2B | 2.3B |
| Gross Margin | 26.8% | 29.4% | 25.9% | 24.6% | 25.9% | 26.4% | 26.0% | 23.8% | 24.0% | 26.1% | 28.6% | 28.9% | 29.0% |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 120M | 122M | 120M | 144M | 159M | 164M | 149M | 149M | 172M | 210M | 234M | 256M | 268M |
| EBIT | 89M | 103M | 61M | 74M | 122M | 147M | 131M | 131M | 161M | 225M | 281M | 341M | 375M |
| Op. Margin | 11.4% | 13.4% | 8.6% | 8.2% | 11.2% | 12.0% | 11.6% | 10.8% | 11.2% | 13.0% | 15.1% | 15.6% | 16.0% |
| Net Income | 64M | 64M | 44M | 62M | 94M | 109M | 96M | 101M | 120M | 157M | 216M | 247M | 271M |
| Net Margin | 8.2% | 8.3% | 6.2% | 6.9% | 8.6% | 8.9% | 8.5% | 8.3% | 8.4% | 9.1% | 11.6% | 11.3% | 11.6% |
| Non-Recurring | 0 | 400K | 1.7M | 600K | 0 | 0 | 1.3M | 0 | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | |||||||||||||
| ROIC | 15.0% | 17.3% | 10.1% | 12.5% | 14.3% | 14.7% | 12.0% | 11.9% | 11.5% | 14.3% | 17.9% | 16.1% | 14.9% |
| ROE | 17.6% | 16.3% | 11.0% | 14.5% | 19.0% | 18.5% | 14.3% | 13.5% | 14.6% | 16.9% | 19.8% | 19.2% | 18.9% |
| ROA | 9.8% | 9.6% | 6.7% | 7.5% | 9.3% | 9.9% | 8.1% | 7.8% | 8.3% | 10.0% | 12.8% | 11.9% | 11.0% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 72M | 97M | 25M | 73M | 93M | 103M | 136M | 102M | 72M | 194M | 231M | 255M | 319M |
| Free Cash Flow | 59M | 88M | 19M | 65M | 79M | 68M | 107M | 64M | 19M | 164M | 191M | 227M | 291M |
| Owner Earnings | 55M | 78M | 800K | 38M | 49M | 53M | 83M | 44M | 6.9M | 121M | 150M | 159M | 218M |
| CapEx | 14M | 9.6M | 6.1M | 8.0M | 14M | 35M | 30M | 37M | 53M | 30M | 41M | 28M | 29M |
| Maint. CapEx | 12M | 12M | 19M | 30M | 36M | 42M | 45M | 50M | 55M | 60M | 65M | 81M | 86M |
| Growth CapEx | 2.2M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| D&A | 12M | 12M | 19M | 30M | 36M | 42M | 45M | 50M | 55M | 60M | 65M | 81M | 86M |
| CapEx/OCF | 18.9% | 9.9% | 24.7% | 11.0% | 15.2% | 34.3% | 21.8% | 36.7% | 73.8% | 15.6% | 17.6% | 10.8% | 9.0% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 5.6M | 16M | 17M | 17M | 19M | 19M | 19M | 22M | 22M | 24M | 29M | 34M | 35M |
| Dividend Yield | 0.7% | 1.8% | 2.2% | 1.7% | 1.4% | 1.2% | 1.1% | 0.9% | 0.9% | 0.7% | 0.6% | 0.5% | 0.5% |
| Share Buybacks | 10M | 11M | 38M | 0 | 1.2M | 1.0M | 14M | 15M | 16M | 5.5M | 6.7M | 40M | 21M |
| Buyback Yield | 1.2% | 1.2% | 4.2% | N/A | 0.1% | 0.1% | 0.7% | 0.6% | 0.6% | 0.1% | 0.1% | 0.6% | 0.3% |
| Stock-Based Comp | 6.1M | 6.8M | 4.8M | 4.6M | 7.6M | 8.8M | 8.4M | 7.6M | 10M | 13M | 16M | 15M | 15M |
| Debt Repayment | 22M | 5.8M | 43M | 0 | 0 | 77M | 94M | 144M | 56M | 198M | 95M | 194M | 194M |
| Balance Sheet | |||||||||||||
| Net Debt | 26M | -32M | 77M | 240M | 173M | 219M | 152M | 273M | 340M | 259M | 149M | 530M | 480M |
| Cash & Equiv. | 24M | 76M | 51M | 38M | 37M | 32M | 82M | 41M | 48M | 61M | 91M | 64M | 71M |
| Long-Term Debt | 44M | 44M | 64M | 277M | 210M | 220M | 210M | 282M | 362M | 294M | 204M | 565M | 549M |
| Debt/Equity | 0.13 | 0.11 | 0.32 | 0.61 | 0.40 | 0.39 | 0.33 | 0.40 | 0.45 | 0.32 | 0.20 | 0.43 | 0.38 |
| Interest Coverage | 24.6 | 44.9 | 32.0 | 10.1 | 13.1 | 18.6 | 23.1 | 29.0 | 15.6 | 11.4 | 22.5 | 24.2 | 20.8 |
| Equity | 372M | 406M | 394M | 457M | 530M | 642M | 702M | 784M | 861M | 1.0B | 1.2B | 1.4B | 1.4B |
| Total Assets | 659M | 667M | 643M | 992M | 1.0B | 1.2B | 1.2B | 1.4B | 1.5B | 1.6B | 1.8B | 2.4B | 2.5B |
| Total Liabilities | 287M | 261M | 249M | 535M | 494M | 524M | 507M | 582M | 663M | 619M | 579M | 1.0B | 1.0B |
| Intangibles | N/A | 200K | 10M | 152M | 143M | 163M | 154M | 206M | 208M | 208M | 200M | 383M | 394M |
| Retained Earnings | 227M | 275M | 302M | 347M | 433M | 528M | 605M | 684M | 782M | 916M | 1.1B | 1.3B | 1.4B |
| Working Capital | 132M | 198M | 175M | 187M | 170M | 201M | 257M | 261M | 351M | 374M | 401M | 571M | 569M |
| Current Assets | 271M | 315M | 260M | 304M | 329M | 361M | 406M | 431M | 531M | 570M | 643M | 854M | 877M |
| Current Liabilities | 139M | 117M | 85M | 117M | 159M | 160M | 148M | 170M | 181M | 196M | 242M | 282M | 308M |
| Per Share Data | |||||||||||||
| EPS | 1.00 | 1.00 | 0.71 | 1.02 | 1.54 | 1.76 | 1.56 | 1.63 | 1.97 | 2.56 | 3.50 | 4.01 | 4.45 |
| Owner EPS | 0.86 | 1.23 | 0.01 | 0.63 | 0.80 | 0.86 | 1.35 | 0.71 | 0.11 | 1.97 | 2.43 | 2.59 | 3.58 |
| Book Value | 5.83 | 6.39 | 6.39 | 7.57 | 8.68 | 10.41 | 11.39 | 12.70 | 14.09 | 16.30 | 19.19 | 22.47 | 23.52 |
| Cash Flow/Share | 1.14 | 1.53 | 0.40 | 1.21 | 1.52 | 1.67 | 2.21 | 1.65 | 1.17 | 3.16 | 3.74 | 4.14 | 5.84 |
| Dividends/Share | 0.09 | 0.25 | 0.28 | 0.28 | 0.31 | 0.32 | 0.32 | 0.36 | 0.36 | 0.39 | 0.48 | 0.56 | 0.57 |
| Shares Out. | 63.7M | 63.5M | 61.7M | 60.4M | 61.0M | 61.6M | 61.7M | 61.7M | 61.1M | 61.5M | 61.8M | 61.5M | 61.0M |
| Valuation | |||||||||||||
| P/E Ratio | 14.0 | 14.5 | 20.4 | 18.5 | 12.0 | 17.6 | 20.2 | 25.6 | 22.8 | 29.9 | 26.3 | 28.3 | 26.7 |
| P/FCF | 15.2 | 10.5 | 47.9 | 17.6 | 14.4 | 28.2 | 18.3 | 40.1 | 146.0 | 28.7 | 29.9 | 30.7 | 25.0 |
| EV/EBIT | 10.1 | 7.9 | 14.8 | 18.2 | 10.4 | 14.0 | 15.2 | 21.3 | 18.7 | 21.8 | 20.5 | 21.7 | 20.6 |
| Price/Book | 2.4 | 2.3 | 2.3 | 2.5 | 2.1 | 3.0 | 2.8 | 3.3 | 3.2 | 4.7 | 4.8 | 5.0 | 5.1 |
| Price/Sales | 1.0 | 1.1 | 1.1 | 1.1 | 1.2 | 1.3 | 1.6 | 2.0 | 1.6 | 2.1 | 2.9 | 2.9 | 3.1 |
| FCF Yield | 6.6% | 9.5% | 2.1% | 5.7% | 7.0% | 3.5% | 5.5% | 2.5% | 0.7% | 3.5% | 3.3% | 3.3% | 4.0% |
| Market Cap | 891M | 918M | 892M | 1.1B | 1.1B | 1.9B | 1.9B | 2.6B | 2.7B | 4.7B | 5.7B | 7.0B | 7.3B |
| Avg. Price | 12.58 | 13.58 | 12.35 | 16.26 | 21.57 | 26.41 | 29.22 | 38.65 | 38.36 | 57.70 | 85.95 | 103.15 | 118.89 |
| Year-End Price | 13.98 | 14.45 | 14.45 | 18.84 | 18.54 | 30.94 | 31.56 | 41.81 | 44.91 | 76.50 | 92.13 | 113.44 | 118.89 |
FEDERAL SIGNAL CORP /DE/ passes 4 of 9 quality checks, suggesting mixed fundamentals.
FEDERAL SIGNAL CORP /DE/ trades at 29.6x trailing earnings, compared to its 15-year median P/E of 21.6x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 31.9x vs a median of 28.7x. The company's 5-year average ROIC is 14.3% with a gross margin of 26.3%. Total shareholder yield (dividends + buybacks) is 0.8%. At current prices, the estimated annualized return to fair value is +15.3%.
FEDERAL SIGNAL CORP /DE/ (FSS) has a net profit margin of 11.3%. This is a healthy margin.
FEDERAL SIGNAL CORP /DE/ (FSS) generated $227 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
FEDERAL SIGNAL CORP /DE/ (FSS) has a debt-to-equity ratio of 0.43. This indicates a conservatively financed balance sheet.
FEDERAL SIGNAL CORP /DE/ (FSS) reported earnings per share (EPS) of $4.01 in its most recent fiscal year.
FEDERAL SIGNAL CORP /DE/ (FSS) has a return on equity (ROE) of 19.2%. This indicates the company generates strong returns for shareholders.
FEDERAL SIGNAL CORP /DE/ (FSS) has a 5-year average gross margin of 26.3%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 16 years of financial data for FEDERAL SIGNAL CORP /DE/ (FSS), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
FEDERAL SIGNAL CORP /DE/ (FSS) has a book value per share of $22.47, based on its most recent annual SEC filing.
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