Filing Flows › Federal Signal (FSS) › Q4 2025
Federal Signal (FSS) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 25, 2026
Federal Signal (FSS) reported revenue of $597M for the fourth quarter 2025 (Q4 2025), +27% from a year earlier and +8% from the quarter before. Operating margin was 14.0%, net earnings $60.8M (10.2% of revenue).
Federal Signal, Q4 2025: revenue $597M (+26% year over year), operating margin 14.0%, net earnings $60.8M, operating cash flow $97.2M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $597M | +8% | +27% |
| Gross profit | $169M | +5% | +28% |
| Operating profit | $83.5M | -11% | +19% |
| Net earnings | $60.8M | -11% | +22% |
| Operating cash flow | $97.2M | +59% | +7% |
| Free cash flow | $89.5M | +65% | +9% |
What changed
Revenue was $597.1M in Q4 2025, up 27% year over year and up 8% from the previous quarter. Environmental Solutions was the largest line at 84% of revenue.
Gross margin was 28.4%, up 0.3 points from a year earlier. Operating profit was $83.5M, a 14.0% margin (down 0.9 points year over year). Of the extra revenue versus a year earlier, 11% reached operating profit, below the 15% margin then. Operating expenses grew 37% against revenue growth of 27%. The fastest-growing cost line was Other operating costs (+349%). Net earnings were $60.8M, up 22% year over year. The effective tax rate was 22.6%.
Operating cash flow was $97.2M (up 7% year over year), 160% of net earnings. Non-cash charges added back $21.6M of depreciation and amortization and $3.3M of share-based compensation. Working capital and other items added $11.5M. Capital expenditures of $7.7M left free cash flow of $89.5M.
Questions
What was Federal Signal's revenue in the fourth quarter 2025?
Federal Signal (FSS) reported revenue of $597M for the fourth quarter 2025 (Q4 2025), +27% from a year earlier and +8% from the quarter before.
Was Federal Signal profitable in the fourth quarter 2025?
Operating profit was $83.5M (14.0% of revenue) and net earnings $60.8M.
Source: Federal Signal 10-K on SEC EDGAR.