Filing Flows › Consumer Discretionary › Federal Signal (FSS)
Federal Signal (FSS) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Oct 29, 2026 · Federal Signal (FSS) Q3 2026 earnings results →
Q3 2026 Revenue up 18% year over year to $656M · 12¢ of every $1 of revenue kept as net profit · operating margin 17.0%
Federal Signal made $656M in Q3 2026 (+18% Y/Y): Environmental Solutions $564M, Safety and Security Systems $91.7M. Operating margin 17.0%, net earnings $79.6M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 29, 2026.
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What changed this quarter
Revenue was $655.5M in Q3 2026, up 18% year over year and down 2% from the previous quarter. Environmental Solutions was the largest line at 86% of revenue. Environmental Solutions added $98.3M year over year (up 21%), 98% of the total change.
Gross margin was 28.9%, down 0.2 points from Q3 2025. Operating profit was $111.4M, a 17.0% margin (up 0.1 points year over year). Of the extra revenue versus Q3 2025, 17% reached operating profit, above the 17% margin then. Operating expenses grew 15% against revenue growth of 18%. The fastest-growing cost line was Other operating costs (+31%). Net earnings were $79.6M, up 17% year over year. The effective tax rate was 24.3%.
Operating cash flow was $91.4M (up 50% year over year), 115% of net earnings. Non-cash charges added back $25.3M of depreciation and amortization and $3.9M of share-based compensation. Working capital and other items used $17.4M. Capital expenditures of $11.4M left free cash flow of $80.0M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Oct 29, 2026 | $656M | +18% | 17.0% | $79.6M | $91.4M |
| Q2 2026 | 10-Q | Jul 30, 2026 | $670M | +19% | 17.6% | $86.1M | $113M |
| Q1 2026 | 10-Q | Apr 29, 2026 | $626M | +35% | 15.9% | $70.4M | $101M |
| Q4 2025 | 10-K | Feb 25, 2026 | $597M | +26% | 14.0% | $60.8M | $97.2M |
| Q3 2025 | 10-Q | Oct 30, 2025 | $555M | +17% | 16.9% | $68.1M | $61.1M |
| Q2 2025 | 10-Q | Jul 30, 2025 | $565M | +15% | 17.3% | $71.4M | $59.7M |
| Q1 2025 | 10-Q | Apr 30, 2025 | $464M | +9% | 14.2% | $46.3M | $36.7M |
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🔄Rotation against the market and its industry (RRG)interactive
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📈Investments: gains and what it boughtinteractive
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About Federal Signal
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…
In its own words, from its 10-K, filed Feb 25, 2026.
Federal Signal against its Motor Vehicles & Passenger Car Bodies peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +18% against the peers' median +6%. Operating margin: 17.0% against the peers' median 2.9%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| FSS Federal Signal | Q3 2026 | $656M | +18% | 17.0% |
| GM General Motors | Q3 2026 | $50.0B | +3% | 7.2% |
| F Ford Motor | Q3 2026 | $49.5B | -2% | 2.9% |
| TSLA Tesla | Q3 2026 | $28.0B | -0.2% | 2.6% |
| PCAR Paccar | Q3 2026 | $7.9B | +19% | 13.6% |
| OSK Oshkosh | Q3 2026 | $2.8B | +6% | 6.9% |
| RIVN Rivian Automotive | Q3 2026 | $2.2B | +38% | -40.9% |
| LCID Lucid Group | Q2 2026 | $405M | +56% | -267.0% |
| CENN Cenntro | Q2 2026 | $6.2M | -3% | -120.5% |
Source: Federal Signal 10-Q on SEC EDGAR · CIK 277509 · Motor Vehicles & Passenger Car Bodies
13F: who owns FSS and who is buying
More on FSS
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results
- Federal Signal gross margin by quarter
- Federal Signal operating margin by quarter
- Federal Signal net income by quarter
- Federal Signal free cash flow by quarter
- Federal Signal capital expenditures by quarter
- Federal Signal Environmental Solutions revenue by quarter
- Federal Signal Safety and Security Systems revenue by quarter