Filing Flows › Federal Signal (FSS) › How it makes money
How Federal Signal (FSS) makes money
Federal Signal (FSS) made $656M of revenue in the third quarter 2026 (Q3 2026), +18% from a year earlier. Environmental Solutions brought in $564M (86%); Safety and Security Systems brought in $91.7M (14%). Of every dollar of revenue, 29¢ was left as gross profit, 17¢ was left as operating profit, 12¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Environmental Solutions | $564M | 86.0% | -2% | +21% |
| Safety and Security Systems | $91.7M | 14.0% | -0.9% | +2% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $656M | 100.0% |
| Cost of revenue | $466M | 71.1% |
| Gross profit | $189M | 28.9% |
| Operating expenses | $77.8M | 11.9% |
| Operating profit | $111M | 17.0% |
| Income tax | $25.5M | 3.9% |
| Net earnings | $79.6M | 12.1% |
| Operating cash flow | $91.4M | 13.9% |
| Free cash flow | $80.0M | 12.2% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $656M | +18% |
| Q2 2026 | $670M | +19% |
| Q1 2026 | $626M | +35% |
| Q4 2025 | $597M | +26% |
| Q3 2025 | $555M | +17% |
| Q2 2025 | $565M | +15% |
| Q1 2025 | $464M | +9% |
From Federal Signal's 10-Q filed Oct 29, 2026 (on EDGAR).
Questions
How does Federal Signal make money?
Federal Signal (FSS) made $656M of revenue in the third quarter 2026 (Q3 2026), +18% from a year earlier. Environmental Solutions brought in $564M (86%); Safety and Security Systems brought in $91.7M (14%). Of every dollar of revenue, 29¢ was left as gross profit, 17¢ was left as operating profit, 12¢ was left as net earnings.
What is Federal Signal's biggest business?
Environmental Solutions: $564M in the third quarter 2026, 86% of revenue, +21% from a year earlier.
What is Federal Signal's profit margin?
Net earnings were $79.6M, 12.1% of revenue, in the third quarter 2026; the operating margin was 17.0%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.