Filing Flows › Federal Signal (FSS) › Q3 2026 › vs Q2 2026
Federal Signal (FSS) Q3 2026 vs Q2 2026 (quarter over quarter)
Federal Signal's revenue fell $14.7M (-2%) from $670M in Q2 2026 to $656M in Q3 2026. The biggest changes: Environmental Solutions −$13.9M (-2%); Safety and Security Systems −$800K (-0.9%). Gross margin 28.9% against 30.4% (-1.5 pts).
Federal Signal, Q3 2026: revenue $656M (+18% year over year), operating margin 17.0%, net earnings $79.6M, operating cash flow $91.4M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Gross margin | 28.9% | 30.4% | -1.5 pts |
| Operating margin | 17.0% | 17.6% | -0.6 pts |
| Net margin | 12.1% | 12.8% | -0.7 pts |
| Free cash flow margin | 12.2% | 15.1% | -2.9 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Environmental Solutions | $564M | $578M | −$13.9M | -2% |
| Safety and Security Systems | $91.7M | $92.5M | −$800K | -0.9% |
| Revenue | $656M | $670M | −$14.7M | -2% |
| Gross profit | $189M | $204M | −$14.6M | -7% |
| Cost of revenue | $466M | $466M | −$100K | 0% |
| Operating profit | $111M | $118M | −$6.8M | -6% |
| Operating expenses | $77.8M | $85.6M | −$7.8M | -9% |
| Pre-tax earnings | $105M | $111M | −$6.3M | -6% |
| Other expense, net | $6.3M | $6.8M | −$500K | -7% |
| SG&A | $69.8M | $78.3M | −$8.5M | -11% |
| Other operating costs | $8.0M | $7.3M | $700K | +10% |
| Net earnings | $79.6M | $86.1M | −$6.5M | -8% |
| Income tax | $25.5M | $25.3M | $200K | +0.8% |
| Depreciation & amortization | $25.3M | $24.6M | $700K | +3% |
| Share-based compensation | $3.9M | $5.4M | −$1.5M | -28% |
| Working capital & other | $17.4M | $3.2M | $14.2M | +444% |
| Operating cash flow | $91.4M | $113M | −$21.5M | -19% |
| Free cash flow (OCF − capex) | $80.0M | $101M | −$21.0M | -21% |
| Capital expenditures | $11.4M | $11.9M | −$500K | -4% |
Questions
How much did Federal Signal's revenue grow quarter over quarter in Q3 2026?
Federal Signal's revenue fell $14.7M (-2%) from $670M in Q2 2026 to $656M in Q3 2026.
What drove Federal Signal's revenue change in Q3 2026?
Environmental Solutions −$13.9M (-2%); Safety and Security Systems −$800K (-0.9%).