Filing Flows › Federal Signal (FSS) › Q2 2025
Federal Signal (FSS) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 30, 2025
Federal Signal (FSS) reported revenue of $565M for the second quarter 2025 (Q2 2025), +15% from a year earlier and +22% from the quarter before. Operating margin was 17.3%, net earnings $71.4M (12.6% of revenue).
Federal Signal, Q2 2025: revenue $565M (+15% year over year), operating margin 17.3%, net earnings $71.4M, operating cash flow $59.7M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $565M | +22% | +15% |
| Gross profit | $170M | +30% | +18% |
| Operating profit | $97.7M | +49% | +20% |
| Net earnings | $71.4M | +54% | +17% |
| Operating cash flow | $59.7M | +63% | +47% |
| Free cash flow | $52.4M | +68% | +111% |
What changed
Revenue was $564.6M in Q2 2025, up 15% year over year and up 22% from the previous quarter. Environmental Solutions was the largest line at 85% of revenue. Environmental Solutions added $71.7M year over year (up 18%), 97% of the total change.
Gross margin was 30.0%, up 0.7 points from a year earlier. Operating profit was $97.7M, a 17.3% margin (up 0.8 points year over year). Of the extra revenue versus a year earlier, 22% reached operating profit, above the 17% margin then. Operating expenses grew 14% against revenue growth of 15%. The fastest-growing cost line was SG&A (+15%). Net earnings were $71.4M, up 17% year over year. The effective tax rate was 23.6%.
Operating cash flow was $59.7M (up 47% year over year), 84% of net earnings. Non-cash charges added back $19.9M of depreciation and amortization and $5.7M of share-based compensation. Working capital and other items used $37.3M. Capital expenditures of $7.3M left free cash flow of $52.4M.
Questions
What was Federal Signal's revenue in the second quarter 2025?
Federal Signal (FSS) reported revenue of $565M for the second quarter 2025 (Q2 2025), +15% from a year earlier and +22% from the quarter before.
Was Federal Signal profitable in the second quarter 2025?
Operating profit was $97.7M (17.3% of revenue) and net earnings $71.4M.
Source: Federal Signal 10-Q on SEC EDGAR.