Filing Flows › Federal Signal (FSS) › Q3 2025
Federal Signal (FSS) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 30, 2025
Federal Signal (FSS) reported revenue of $555M for the third quarter 2025 (Q3 2025), +17% from a year earlier and -2% from the quarter before. Operating margin was 16.9%, net earnings $68.1M (12.3% of revenue).
Federal Signal, Q3 2025: revenue $555M (+17% year over year), operating margin 16.9%, net earnings $68.1M, operating cash flow $61.1M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $555M | -2% | +17% |
| Gross profit | $162M | -5% | +15% |
| Operating profit | $94.0M | -4% | +24% |
| Net earnings | $68.1M | -5% | +26% |
| Operating cash flow | $61.1M | +2% | -11% |
| Free cash flow | $54.1M | +3% | -11% |
What changed
Revenue was $555.0M in Q3 2025, up 17% year over year and down 2% from the previous quarter. Environmental Solutions was the largest line at 84% of revenue. Environmental Solutions added $67.3M year over year (up 17%), 83% of the total change.
Gross margin was 29.1%, down 0.5 points from a year earlier. Operating profit was $94.0M, a 16.9% margin (up 0.9 points year over year). Of the extra revenue versus a year earlier, 22% reached operating profit, above the 16% margin then. Operating expenses grew 5% against revenue growth of 17%. The fastest-growing cost line was Other operating costs (+39%). Net earnings were $68.1M, up 26% year over year. The effective tax rate was 24.8%.
Operating cash flow was $61.1M (down 11% year over year), 90% of net earnings. Non-cash charges added back $20.3M of depreciation and amortization and $3.6M of share-based compensation. Working capital and other items used $30.9M. Capital expenditures of $7.0M left free cash flow of $54.1M.
Questions
What was Federal Signal's revenue in the third quarter 2025?
Federal Signal (FSS) reported revenue of $555M for the third quarter 2025 (Q3 2025), +17% from a year earlier and -2% from the quarter before.
Was Federal Signal profitable in the third quarter 2025?
Operating profit was $94.0M (16.9% of revenue) and net earnings $68.1M.
Source: Federal Signal 10-Q on SEC EDGAR.