FEDERAL SIGNAL CORP /DE/(FSS)Stock Analysis
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Rank #246 of 2,879 stocksTOP 10%
Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.
Revenue Growth
Profitability
Balance Sheet
Earnings Quality
Free Cash Flow
Institutional Flow
Revenue Scale
Dilution Risk
FSS Stock Analysis & AI Quality Score
AI stock analysis and institutional research for FEDERAL SIGNAL CORP /DE/ (FSS), a Industrials sector company. 13F Pro's AI-powered ranking engine scores FSS at 71.8/100 on a 32-signal composite quality model, placing it at rank #246 of 2,879 stocks — the top 10% of the AI-ranked universe. FSS scores in the top quartile across balance sheet strength (87.9). Based on the latest XBRL financial filings (Q1 2026), FEDERAL SIGNAL CORP /DE/ reports quarterly revenue of $625.6M, net income of $70.4M, an operating margin of 15.9%. Top institutional holders of FSS by reported 13-F value include BlackRock,, VANGUARD PORTFOLIO MANAGEMENT, VANGUARD CAPITAL MANAGEMENT, based on the most recent SEC filings. FSS trades on the NYSE exchange and files with the SEC under CIK 277509. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate FSS daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for FEDERAL SIGNAL CORP /DE/ directly from SEC EDGAR. FEDERAL SIGNAL CORP /DE/'s 13F Pro composite quality score has ranged between 8 and 77 since 2021, currently 71.8 — an improving long-term trajectory across 56 quarterly and live scoring snapshots.
What's Driving FSS's Business? Latest 10-Q Breakdown
AI-extracted from FEDERAL SIGNAL CORP /DE/'s 10-Q filed 2026-04-29 — Q1 2026 (quarter ended March 31, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Federal Signal reported Q1 2026 net sales of $625.6M (+35% YoY) and net income of $70.4M (+52% YoY), driven by acquisitions of New Way and Mega and organic growth across both segments.
Biggest Revenue Drivers
Total revenue: $625.6M+35% YoY
Higher sales volumes inclusive of acquisitions (New Way refuse trucks, Mega metal extraction equipment), pricing actions, and favorable currency translation.
Improvements in public safety equipment and industrial signaling equipment sales, plus favorable currency translation.
Largest Expense Items
Higher sales volumes, recent acquisitions, and $1.5M increase in purchase accounting expense effects.
Addition of acquisition expenses, higher employee-related costs, increased sales commissions, and higher legal and incentive compensation.
Incremental amortization from recent acquisitions of New Way and Mega.
Margins: Consolidated operating margin improved to 15.9% from 14.2% YoY, driven by 37% gross profit growth that outpaced the 35% revenue increase. Environmental Solutions gross margin expanded 50 bps and Safety and Security Systems expanded 200 bps, both benefiting from pricing actions and operational leverage.
Watch Items from the Filing
- New Way and Mega acquisitions completed Q4 2025 and Q1 2026 for $413.5M and $45.0M respectively; goodwill of $104.5M and $7.2M allocated; purchase price allocations provisional and subject to finalization within one year.
- Backlog declined to $1.04B at March 31, 2026 from $1.10B at March 31, 2025 (-6%), though total orders increased 10% YoY to $623M in Q1.
- Debt increased to $550.6M (revolving facility) plus $400.0M term loan under 2025 Credit Agreement; net leverage and interest coverage covenants in compliance as of March 31, 2026.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
Revenue
Q1 2026
$625.6M
Net Income
Q1 2026
$70.4M
Free Cash Flow
Q1 2026
$94.6M
Operating Margin
Q1 2026
15.9%
D/E Ratio
Q1 2026
0.39
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Revenue
+8.1% YoYNet Income
+37.4% YoYOperating Income
+25.3% YoYEPS (Diluted)
+36.7% YoYTotal Assets
+8.9% YoYTotal Debt
-22.5% YoYOp. Cash Flow
+19.0% YoY| Metric | FY 2024 | FY 2023 | FY 2022 | FY 2020 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Revenue | $1.86B +8.1% | $1.72B +20.1% | $1.43B +26.9% | $1.13B +3.8% | $1.09B +21.3% | $898.5M |
| Net Income | $216.3M +37.4% | $157.4M +30.7% | $120.4M +25.2% | $96.2M +2.3% | $94.0M +52.6% | $61.6M |
| Operating Income | $281.4M +25.3% | $224.5M +39.6% | $160.8M +22.4% | $131.4M +8.1% | $121.5M +65.1% | $73.6M |
| EPS (Diluted) | $3.50 +36.7% | $2.56 +29.9% | $1.97 +26.3% | $1.56 +1.3% | $1.54 +51.0% | $1.02 |
| Total Assets | $1.77B +8.9% | $1.62B +6.3% | $1.52B +26.1% | $1.21B +18.1% | $1.02B +3.2% | $992.3M |
| Total Debt | $237.3M -22.5% | $306.0M -15.9% | $363.8M +73.2% | $210.0M -0.0% | $210.1M -24.3% | $277.7M |
| Operating Cash Flow | $231.3M +19.0% | $194.4M +170.8% | $71.8M -47.3% | $136.2M +46.8% | $92.8M +27.5% | $72.8M |
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Available Research
13F Pro tracks comprehensive data for FEDERAL SIGNAL CORP /DE/ including:
Top Institutional Holders of FSS
BlackRock, Inc.
$980.3M9,065,080 shVANGUARD PORTFOLIO MANAGEMENT LLC
$394.4M3,647,230 shVANGUARD CAPITAL MANAGEMENT LLC
$293.9M2,717,926 shSTATE STREET CORP
$249.5M2,307,332 shCapital World Investors
$236.3M2,185,359 shGEODE CAPITAL MANAGEMENT, LLC
$194.4M1,797,263 shFMR LLC
$178.1M1,646,804 shWASATCH ADVISORS LP
$162.9M1,506,488 shNeuberger Berman Group LLC
$150.7M1,393,757 shDIMENSIONAL FUND ADVISORS LP
$130.6M1,208,087 sh
| Fund | Value | Shares |
|---|---|---|
| BlackRock, Inc. | $980.3M | 9,065,080 |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $394.4M | 3,647,230 |
| VANGUARD CAPITAL MANAGEMENT LLC | $293.9M | 2,717,926 |
| STATE STREET CORP | $249.5M | 2,307,332 |
| Capital World Investors | $236.3M | 2,185,359 |
| GEODE CAPITAL MANAGEMENT, LLC | $194.4M | 1,797,263 |
| FMR LLC | $178.1M | 1,646,804 |
| WASATCH ADVISORS LP | $162.9M | 1,506,488 |
| Neuberger Berman Group LLC | $150.7M | 1,393,757 |
| DIMENSIONAL FUND ADVISORS LP | $130.6M | 1,208,087 |
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Popular Research
Is FSS a good stock to buy?
13F Pro's AI-powered analysis of FEDERAL SIGNAL CORP /DE/ (FSS) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Industrials sector (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for FSS are available on the FSS stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own FSS?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling FSS. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of FEDERAL SIGNAL CORP /DE/'s investment landscape.