Filing Flows › Federal Signal (FSS) › Q2 2026 › vs Q1 2026
Federal Signal (FSS) Q2 2026 vs Q1 2026 (quarter over quarter)
Federal Signal's revenue rose $44.6M (+7%) from $626M in Q1 2026 to $670M in Q2 2026. The biggest changes: Environmental Solutions +$45.0M (+8%); Safety and Security Systems −$400K (-0.4%). Gross margin 30.4% against 28.7% (+1.7 pts).
Federal Signal, Q2 2026: revenue $670M (+19% year over year), operating margin 17.6%, net earnings $86.1M, operating cash flow $113M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 30.4% | 28.7% | +1.7 pts |
| Operating margin | 17.6% | 15.9% | +1.7 pts |
| Net margin | 12.8% | 11.3% | +1.6 pts |
| Free cash flow margin | 15.1% | 15.1% | -0.1 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Environmental Solutions | $578M | $533M | $45.0M | +8% |
| Safety and Security Systems | $92.5M | $92.9M | −$400K | -0.4% |
| Revenue | $670M | $626M | $44.6M | +7% |
| Gross profit | $204M | $179M | $24.4M | +14% |
| Cost of revenue | $466M | $446M | $20.2M | +5% |
| Operating profit | $118M | $99.7M | $18.5M | +19% |
| Operating expenses | $85.6M | $79.7M | $5.9M | +7% |
| Pre-tax earnings | $111M | $92.2M | $19.2M | +21% |
| Other expense, net | $6.8M | $7.5M | −$700K | -9% |
| SG&A | $78.3M | $72.0M | $6.3M | +9% |
| Other operating costs | $7.3M | $7.7M | −$400K | -5% |
| Net earnings | $86.1M | $70.4M | $15.7M | +22% |
| Income tax | $25.3M | $21.8M | $3.5M | +16% |
| Depreciation & amortization | $24.6M | $23.8M | $800K | +3% |
| Share-based compensation | $5.4M | $2.7M | $2.7M | +100% |
| Working capital & other | $3.2M | −$4.4M | $7.6M | — |
| Operating cash flow | $113M | $101M | $11.6M | +11% |
| Free cash flow (OCF − capex) | $101M | $94.6M | $6.4M | +7% |
| Capital expenditures | $11.9M | $6.7M | $5.2M | +78% |
Questions
How much did Federal Signal's revenue grow quarter over quarter in Q2 2026?
Federal Signal's revenue rose $44.6M (+7%) from $626M in Q1 2026 to $670M in Q2 2026.
What drove Federal Signal's revenue change in Q2 2026?
Environmental Solutions +$45.0M (+8%); Safety and Security Systems −$400K (-0.4%).