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Oshkosh vs Federal Signal: OSK and FSS compared
Oshkosh is the larger company: $2.8B of revenue in its latest quarter (Q3 2026) against $656M for Federal Signal (Q3 2026). Federal Signal is growing faster (+18% against +6% a year earlier). Federal Signal is more profitable, with an operating margin of 17.0% against 6.9%.
Where the money goes: OSK and FSS
Oshkosh (OSK) · Q3 2026
Oshkosh, Q3 2026: revenue $2.8B (+6% year over year), operating margin 6.9%, net earnings $138M, operating cash flow $320M. The chart follows the revenue to costs, profit and cash.
Federal Signal (FSS) · Q3 2026
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 follows the revenue to costs, profit and cash.
| Oshkosh (OSK) | Federal Signal (FSS) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $2.8B | $656M |
| Revenue growth, Y/Y | +6% | +18% |
| Gross margin | 15.5% | 28.9% |
| Operating margin | 6.9% | 17.0% |
| Net earnings | $138M | $79.6M |
| Net margin | 4.9% | 12.1% |
| Operating cash flow | $320M | $91.4M |
| Free cash flow | $275M | $80.0M |
| Market value | $8.4B | $7.0B |
| P/E | 16.8× | 23.5× |
| Analysts’ mean target | $159.84 | $141.29 |
Where the revenue comes from
Federal Signal
- Environmental Solutions: $564M (86%)
- Safety and Security Systems: $91.7M (14%)
Questions
Which is bigger, Oshkosh or Federal Signal?
Oshkosh is the larger company: $2.8B of revenue in its latest quarter (Q3 2026) against $656M for Federal Signal (Q3 2026).
Is Oshkosh or Federal Signal growing faster?
Federal Signal is growing faster (+18% against +6% a year earlier).
Which is more profitable, Oshkosh or Federal Signal?
Federal Signal is more profitable, with an operating margin of 17.0% against 6.9%.
More: Oshkosh earnings · how Oshkosh makes money · Federal Signal earnings · how Federal Signal makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 29, 2026; 10-Q filed Oct 29, 2026). Fiscal quarters can end on different dates. Not investment advice.