Filing Flows › Federal Signal (FSS) › Q2 2026 › vs Q2 2025
Federal Signal (FSS) Q2 2026 vs Q2 2025 (year over year)
Federal Signal's revenue rose $106M (+19%) from $565M in Q2 2025 to $670M in Q2 2026. The biggest changes: Environmental Solutions +$97.2M (+20%); Safety and Security Systems +$8.4M (+10%). Gross margin 30.4% against 30.0% (+0.4 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 Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Gross margin | 30.4% | 30.0% | +0.4 pts |
| Operating margin | 17.6% | 17.3% | +0.3 pts |
| Net margin | 12.8% | 12.6% | +0.2 pts |
| Free cash flow margin | 15.1% | 9.3% | +5.8 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Environmental Solutions | $578M | $480M | $97.2M | +20% |
| Safety and Security Systems | $92.5M | $84.1M | $8.4M | +10% |
| Revenue | $670M | $565M | $106M | +19% |
| Gross profit | $204M | $170M | $34.2M | +20% |
| Cost of revenue | $466M | $395M | $71.4M | +18% |
| Operating profit | $118M | $97.7M | $20.5M | +21% |
| Operating expenses | $85.6M | $71.9M | $13.7M | +19% |
| Pre-tax earnings | $111M | $93.4M | $18.0M | +19% |
| Other expense, net | $6.8M | $4.3M | $2.5M | +58% |
| SG&A | $78.3M | $66.9M | $11.4M | +17% |
| Other operating costs | $7.3M | $5.0M | $2.3M | +46% |
| Net earnings | $86.1M | $71.4M | $14.7M | +21% |
| Income tax | $25.3M | $22.0M | $3.3M | +15% |
| Depreciation & amortization | $24.6M | $19.9M | $4.7M | +24% |
| Share-based compensation | $5.4M | $5.7M | −$300K | -5% |
| Working capital & other | $3.2M | $37.3M | −$34.1M | -91% |
| Operating cash flow | $113M | $59.7M | $53.2M | +89% |
| Free cash flow (OCF − capex) | $101M | $52.4M | $48.6M | +93% |
| Capital expenditures | $11.9M | $7.3M | $4.6M | +63% |
Questions
How much did Federal Signal's revenue grow year over year in Q2 2026?
Federal Signal's revenue rose $106M (+19%) from $565M in Q2 2025 to $670M in Q2 2026.
What drove Federal Signal's revenue change in Q2 2026?
Environmental Solutions +$97.2M (+20%); Safety and Security Systems +$8.4M (+10%).