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Maker of specialty vehicles and equipment for municipal, industrial and public-safety uses, including street sweepers, sewer-cleaning trucks and warning systems.
Maker of specialty vehicles and equipment for municipal, industrial and public-safety uses, including street sweepers, sewer-cleaning trucks and warning systems.
Sells trucks and equipment mostly through dealers to cities, contractors and industrial firms, with an installed base that generates a steady flow of replacement parts and service. The environmental-solutions division carries most of the business; the safety-and-security division sells sirens, light bars and alerting systems. Orders follow public-works budgets and industrial maintenance.
Moat: narrow (brand, customer qualification, distribution). Established brands and dealer/service networks in niche municipal-vehicle categories with long replacement cycles.
Headquarters: Downers Grove, Illinois, USA · Founded: 1901 · Employees: 5,800
Size Federal Signal (FSS) is a United States Consumer Discretionary company (Motor Vehicles) with a market value of $6.92B, the 966th largest of 3,117 United States companies the cockpit tracks. Shares closed at $113.44 on 6 Nov 2026.
Performance Over six months the shares fell 4.1%, against -15.4% for the median peer and -1.1% for the United States market (cap-weighted) — 9th highest of 21 in its peer set.
Growth Revenue grew 24.0% over the last twelve months (peer median +7.7%); the operating margin is 16.8% (peer median 3.8%).
Valuation It trades at 20.1× forward earnings against a peer median of 12.7× (5th most expensive of 16).
Price implies For today's price to make sense, revenue must grow about 12% a year for seven years (Req g). Recent delivered growth is +14%, so the hurdle is -2 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 6.7 points above its cost of capital (10.6% WACC).
Short interest Short interest is 6.8% of the free float (15 Oct 2026).
Next results Next results expected around 3 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $2.55B | $2.18B | $1.86B | $1.72B | $1.43B |
| Revenue growth | — | +17% | +8% | +20% | — |
| Gross profit | $725M | $613M | $526M | $443M | $339M |
| EBITDA | $524M | $437M | $349M | $285M | $215M |
| Net income | $297M | $247M | $216M | $157M | $120M |
| Free cash flow | $365M | $227M | $191M | $164M | $18.8M |
| Capital expenditure | $37.7M | $27.6M | $40.6M | $30.3M | $53.0M |
| Total debt | $452M | $595M | $252M | $321M | $388M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Federal Signal FSS | $6.92B | -4% | +24% | 17% | 20.1× | 11.8% |
| Oshkosh OSK | $8.19B | -3% | +4% | 7% | 11.2× | 4.7% |
| Alamo ALG | $1.63B | -18% | +2% | 7% | 11.6× | 7.0% |
| Aebi Schmidt AEBI | $867M | -3% | +49% | 6% | 11.3× | 11.9% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | FSS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +0.7% | +2.1% | 10th lowest of 21 |
| 6-month return | -4.1% | -15.4% | 9th highest of 21 |
| Distance from 52-week high | -15.7% | -35.9% | 4th highest of 21 |
| Revenue growth (TTM) | +24.0% | +7.7% | 7th highest of 21 |
| Operating margin | 16.8% | 3.8% | 2nd highest of 21 |
| Forward P/E | 20.1× | 12.7× | 5th most expensive of 16 |
| Growth the price implies (Req g, 7 yrs) | 11.8% | -0.3% | most demanding of 11 |
| Growth delivered (Del g) | +14.0% | +10.2% | 3rd highest of 11 |
| Hurdle (Req g minus delivered) | -2.2 pp | -12.0 pp | 3rd most demanding of 11 |
| ROIC minus cost of capital | +6.7 pp | -3.5 pp | 3rd highest of 18 |
| EV / EBITDA | 13.9× | 7.9× | most expensive of 10 |
| Net debt / EBITDA | 0.7× | 1.7× | 4th least indebted of 11 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Federal Signal FSS | United States | $6.92B | -4% | +24% | 17% | 20.1× | 11.8% | +14.0% |
| Zhejiang CFMoto Power 603129.SS | China | $7.23B | +16% | +40% | 11% | 19.9× | -3.9% | +34.5% |
| Jardine Cycle & Carriage C07.SI | Singapore | $7.36B | -28% | -11% | 10% | 8.2× | -7.8% | +8.9% |
| Zhejiang Leapmotor Technology 9863.HK | Hong Kong | $6.34B | -25% | +71% | -1% | 16.1× | -14.5% | +150.7% |
| Ather Energy ATHERENERG.NS | India | $7.57B | +101% | +63% | -7% | n/a | n/a | n/a |
| VinFast Auto VFS | United States | $7.60B | -25% | +74% | -86% | n/a | n/a | n/a |
| NIO 9866.HK | Hong Kong | $7.60B | -46% | +70% | -4% | n/a | n/a | n/a |
| Guangzhou Automobile 2238.HK | Hong Kong | $6.28B | -27% | 0% | -17% | n/a | n/a | n/a |
| Nissan Motor 7201.T | Japan | $5.98B | -24% | -1% | 2% | 23.1× | n/a | n/a |
| Oshkosh OSK | United States | $8.19B | -3% | +4% | 7% | 11.2× | 4.7% | +8.7% |
| Iveco IVG.MI | Italy | $5.55B | +3% | -5% | 3% | 12.7× | n/a | n/a |
| Porsche Automobil Holding SE Pref PAH3.DE | Germany | $8.98B | -19% | +13% | 108% | 33.4× | 9.4% | +2.4% |
| Isuzu Motors 7202.T | Japan | $9.26B | -1% | +5% | 6% | 8.8× | n/a | n/a |
| ARCHION 543A.T | Japan | $5.11B | -9% | +9% | 5% | 2.4× | 7.4% | +0.9% |
| Renault RNO.PA | France | $9.39B | +2% | +6% | 6% | 4.9× | 3.4% | +5.9% |
| Chongqing Changan Automobile 000625.SZ | China | $9.51B | -25% | -7% | 0% | 28.5× | n/a | n/a |
| XPeng 9868.HK | Hong Kong | $9.51B | -37% | +29% | -7% | n/a | n/a | n/a |
| Loncin Motor 603766.SS | China | $4.97B | +5% | +2% | 9% | 15.9× | -5.5% | +12.7% |
| Chongqing Afari Technology 601777.SS | China | $4.94B | -35% | +17% | -11% | 208.0× | n/a | n/a |
| Yamaha Motor 7272.T | Japan | $10.1B | +54% | +10% | 6% | 9.3× | 4.2% | +11.5% |
| Yutong Bus 600066.SS | China | $10.1B | -12% | +3% | 14% | 11.5× | -10.0% | +13.8% |