Filing Flows › Federal Signal (FSS) › Q3 2026 › vs Q3 2025
Federal Signal (FSS) Q3 2026 vs Q3 2025 (year over year)
Federal Signal's revenue rose $100M (+18%) from $555M in Q3 2025 to $656M in Q3 2026. The biggest changes: Environmental Solutions +$98.3M (+21%); Safety and Security Systems +$2.2M (+2%). Gross margin 28.9% against 29.1% (-0.2 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 Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Gross margin | 28.9% | 29.1% | -0.2 pts |
| Operating margin | 17.0% | 16.9% | +0.1 pts |
| Net margin | 12.1% | 12.3% | -0.1 pts |
| Free cash flow margin | 12.2% | 9.7% | +2.5 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Environmental Solutions | $564M | $466M | $98.3M | +21% |
| Safety and Security Systems | $91.7M | $89.5M | $2.2M | +2% |
| Revenue | $656M | $555M | $100M | +18% |
| Gross profit | $189M | $162M | $27.7M | +17% |
| Cost of revenue | $466M | $394M | $72.8M | +19% |
| Operating profit | $111M | $94.0M | $17.4M | +19% |
| Operating expenses | $77.8M | $67.5M | $10.3M | +15% |
| Pre-tax earnings | $105M | $90.5M | $14.6M | +16% |
| Other expense, net | $6.3M | $3.5M | $2.8M | +80% |
| SG&A | $69.8M | $61.4M | $8.4M | +14% |
| Other operating costs | $8.0M | $6.1M | $1.9M | +31% |
| Net earnings | $79.6M | $68.1M | $11.5M | +17% |
| Income tax | $25.5M | $22.4M | $3.1M | +14% |
| Depreciation & amortization | $25.3M | $20.3M | $5.0M | +25% |
| Share-based compensation | $3.9M | $3.6M | $300K | +8% |
| Working capital & other | $17.4M | $30.9M | −$13.5M | -44% |
| Operating cash flow | $91.4M | $61.1M | $30.3M | +50% |
| Free cash flow (OCF − capex) | $80.0M | $54.1M | $25.9M | +48% |
| Capital expenditures | $11.4M | $7.0M | $4.4M | +63% |
Questions
How much did Federal Signal's revenue grow year over year in Q3 2026?
Federal Signal's revenue rose $100M (+18%) from $555M in Q3 2025 to $656M in Q3 2026.
What drove Federal Signal's revenue change in Q3 2026?
Environmental Solutions +$98.3M (+21%); Safety and Security Systems +$2.2M (+2%).