{ "ok": true, "cik": "277509", "ticker": "FSS", "name": "FEDERAL SIGNAL CORPORATION", "filings": [ { "form": "10-Q", "filed": "2026-07-30", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/277509/000162828026050993/0001628280-26-050993-index.htm" }, { "form": "8-K", "filed": "2026-05-20", "items": [ "7.01 Regulation FD Disclosure", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/277509/000162828026036817/0001628280-26-036817-index.htm" }, { "form": "10-Q", "filed": "2026-04-29", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/277509/000162828026028312/0001628280-26-028312-index.htm" }, { "form": "8-K", "filed": "2026-04-22", "items": [ "5.07 Submission of Matters to a Vote of Security Holders", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/277509/000162828026026450/0001628280-26-026450-index.htm" }, { "form": "DEF 14A", "filed": "2026-03-06", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/277509/000162828026015646/0001628280-26-015646-index.htm" }, { "form": "8-K", "filed": "2026-03-02", "items": [ "7.01 Regulation FD Disclosure", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/277509/000162828026013101/0001628280-26-013101-index.htm" } ], "events12m": 8, "healthWatch": { "window": "last 12 months", "since": "2025-09-26", "signals": [ { "code": "5.02", "label": "Director or officer change", "count": 1, "latest": { "filed": "2026-02-26", "url": "https://www.sec.gov/Archives/edgar/data/277509/000162828026012351/0001628280-26-012351-index.htm" } } ], "note": "Events the company itself filed with the SEC, most serious first. Shown beside the figures; they do not change the range or its receipt." }, "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0000277509.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=277509" }, "license": "Figures as filed with the SEC. Card text CC BY 4.0, POPS4.", "notAdvice": "Reporting, not investment advice. No price targets and no trading recommendations.", "edgar": "🫧 Edgar looked up FEDERAL SIGNAL CORPORATION ($FSS). Last filing: 10-Q, 2026-07-30. 8 event filings (8-K) in the past twelve months.", "auditor": { "changes": [], "nonReliance": [], "restatedSince": null }, "metrics": { "fiscalYearEnd": "2025-12-31", "revenue": 2180500000, "revenueGrowth1y": 0.17136717700778936, "revenueGrowthPerYear": 0.15785965741849228, "yearsOfData": 5, "operatingMargin": 0.1563402889245586, "operatingMarginPrior": 0.15116841257050764, "netMargin": 0.11309332721852786, "operatingCashFlow": 254700000, "capitalSpending": 27600000, "freeCashFlow": 227100000, "researchAndDevelopment": null, "researchShareOfRevenue": null, "cash": 63700000, "longTermDebt": 566600000, "longTermDebtChange": 1.5317247542448613, "revenueHistory": [ { "fiscalYearEnd": "2021-12-31", "revenue": 1213200000 }, { "fiscalYearEnd": "2022-12-31", "revenue": 1434800000 }, { "fiscalYearEnd": "2023-12-31", "revenue": 1722700000 }, { "fiscalYearEnd": "2024-12-31", "revenue": 1861500000 }, { "fiscalYearEnd": "2025-12-31", "revenue": 2180500000 } ], "totalEquity": 1382000000, "totalAssets": 2392600000, "equityRatio": 0.5776143107916074, "returnOnEquity": 0.1784370477568741, "dividendsPaid": 34100000, "payoutRatio": 0.13828061638280617, "dividendPerShare": 0.56, "dividendYearsRising": 3, "dividendCut": false, "priceBased": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown.", "earningsPerShare": 4.06, "sharesOutstanding": 61500000, "bookValuePerShare": 22.471544715447155, "revenuePerShare": 35.45528455284553, "range80": { "low": 2243097691.9443994, "high": 2725339007.0492826, "baseline": 2530554196.5416126, "n": 4599, "band": "b1", "bandLabel": "$1B–10B", "method": "v4.1", "credibility": 0.5, "growthYears": 4, "ownVolatility": 0.0471640949169889, "classVolatility": 0.07701947805587882, "volatility": 0.06386098906742181 }, "ifPaceHeld": { "low": 2243097691.9443994, "high": 2725339007.0492826 } }, "edgarette": "🔖 Exposure: revenue $2.2B (FY2025), total debt $566.6M. Experience: revenue up 17.1% on the year, up 15.8% a year over 4 years; operating margin 15.6%, up from 15.1%. Soundness: equity 57.8% of assets, return on equity 17.8%, payout 13.8% of profit, dividend per share up 3 years running. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $2.2B and $2.7B next year (method v4.1: its own 4-year record of growth weighed at 50% against $1B–10B filers; on a year the method never saw, 83.4% landed inside). In a shock year the stress range is $2.1B to $2.9B. A statistical range, not company guidance. Against peers (11 filers, $50M+ revenue, motor vehicles & passenger car bodies): operating margin 15.6% against a -2.1% median; growth 17.1% against -0.0%.", "peers": { "sic": 3711, "sicDescription": "Motor Vehicles & Passenger Car Bodies", "calendarYear": 2025, "minRevenue": 50000000, "depth": 4, "group": "3711", "growth": [ -0.0003, 12 ], "opMargin": [ -0.0205, 11 ], "equityRatio": [ 0.3067, 11 ] }, "summary": "Federal Signal (FSS) grew revenue 17.1% in FY2025 to $2.2 billion, operating margin 15.6% against a -2.1% median for motor vehicles & passenger car bodies, equity 57.8% of assets, and dividend per share up 3 years running. Every figure is from the company’s own annual report filed with the SEC.", "chart": "
FEDERAL SIGNAL CORPORATION against its own record and its peers
Operating marginPeer median -2.1%15.6%Revenue, on the yearPeer median -0.0%17.1%Equity of assetsPeer median 30.7%57.8%Return on equity17.8%Payout of profit13.8%Gold tick: the median of 11–11 peers with $50M+ revenue in motor vehicles & passenger car bodies
", "chartHorizon": "
Handed back now, or kept to compound
Of each dollar of profit13.8% paid out86.2% keptHanded back per share$0.56up 3 years runningGrowth its own profit can fund15.4%retained x return on equityRevenue growth it managed17.1%last year, for comparison

Gold is paid out to shareholders; navy is kept in the business. Retained profit times return on equity is the pace a company can fund from itself. Facts from the filings, not a recommendation.

", "backtest": { "tests": 13, "hits": 11, "rate": 0.8461538461538461, "method": "v4", "byYear": { "2013": [ 1, 1 ], "2014": [ 1, 1 ], "2015": [ 1, 1 ], "2016": [ 1, 1 ], "2017": [ 0, 1 ], "2018": [ 1, 1 ], "2019": [ 1, 1 ], "2020": [ 0, 1 ], "2021": [ 1, 1 ], "2022": [ 1, 1 ], "2023": [ 1, 1 ], "2024": [ 1, 1 ], "2025": [ 1, 1 ] }, "note": "hindsight: the same credibility-weighted range on the company's own past years. Years 2018-2023 were used to fit or tune the method, so only 2025 outcomes are fully out of sample." }, "registry": { "logged": "2026-09-26T15:57:39.007Z", "hash": "1a8fa7433119f216", "status": "open" }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "schema": "pops4.edgarette.card/1", "card": { "summary": "Federal Signal (FSS) grew revenue 17.1% in FY2025 to $2.2 billion, operating margin 15.6% against a -2.1% median for motor vehicles & passenger car bodies, equity 57.8% of assets, and dividend per share up 3 years running. Every figure is from the company’s own annual report filed with the SEC.", "exposure": { "fiscalYearEnd": "2025-12-31", "revenue": 2180500000, "totalDebt": 566600000, "cash": 63700000 }, "experience": { "revenueGrowth1y": 0.17136717700778936, "revenueGrowthPerYear": 0.15785965741849228, "operatingMargin": 0.1563402889245586, "operatingMarginPrior": 0.15116841257050764, "netMargin": 0.11309332721852786, "freeCashFlow": 227100000 }, "soundness": { "equityRatio": 0.5776143107916074, "returnOnEquity": 0.1784370477568741, "payoutRatio": 0.13828061638280617, "dividendPerShare": 0.56, "dividendYearsRising": 3, "dividendCut": false, "note": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown." }, "peers": { "sic": 3711, "sicDescription": "Motor Vehicles & Passenger Car Bodies", "calendarYear": 2025, "minRevenue": 50000000, "depth": 4, "group": "3711", "growth": [ -0.0003, 12 ], "opMargin": [ -0.0205, 11 ], "equityRatio": [ 0.3067, 11 ] }, "credibility": { "auditedYears": 5, "weight": "reasonable", "standard": "ASOP No. 25", "nonReliance": null, "auditorChange": null }, "healthWatch": { "window": "last 12 months", "since": "2025-09-26", "signals": [ { "code": "5.02", "label": "Director or officer change", "count": 1, "latest": { "filed": "2026-02-26", "url": "https://www.sec.gov/Archives/edgar/data/277509/000162828026012351/0001628280-26-012351-index.htm" } } ], "note": "Events the company itself filed with the SEC, most serious first. Shown beside the figures; they do not change the range or its receipt." }, "range": { "low": 2243097691.9443994, "high": 2725339007.0492826, "baseline": 2530554196.5416126, "coverage": 0.8, "method": "v4.1", "basis": "next fiscal year revenue: baseline = revenue x (1 + mean of one-year and three-year pace); width = the company's own volatility of yearly growth, credibility-weighted against its size class (Buhlmann), scaled to the 80% target on 2023 and tested on 2024", "calibratedOn": { "companyYears": 4599, "sizeBand": "$1B–10B", "fitYears": [ 2018, 2022 ], "tuneYear": 2023, "testYear": 2024, "coverageOnTestYear": 0.8341 }, "credibility": { "weightOnOwnRecord": 0.5, "growthYears": 4, "ownVolatility": 0.0471640949169889, "classVolatility": 0.07701947805587882, "pricedVolatility": 0.06386098906742181, "k": 3 }, "stress": { "low": 2089111732.3073218, "high": 2926421496.3917828, "basis": "the same range with widths set to hold 80% across 2018-2023, pandemic years included" }, "kind": "a statistical range, not company guidance; no view on the share price", "track": { "backtest": { "tests": 13, "hits": 11, "rate": 0.8461538461538461, "method": "v4", "byYear": { "2013": [ 1, 1 ], "2014": [ 1, 1 ], "2015": [ 1, 1 ], "2016": [ 1, 1 ], "2017": [ 0, 1 ], "2018": [ 1, 1 ], "2019": [ 1, 1 ], "2020": [ 0, 1 ], "2021": [ 1, 1 ], "2022": [ 1, 1 ], "2023": [ 1, 1 ], "2024": [ 1, 1 ], "2025": [ 1, 1 ] }, "note": "hindsight: the same credibility-weighted range on the company's own past years. Years 2018-2023 were used to fit or tune the method, so only 2025 outcomes are fully out of sample." }, "registry": { "logged": "2026-09-26T15:57:39.007Z", "hash": "1a8fa7433119f216", "status": "open" }, "scorecard": "https://www.pops4.com/boards/scorecard" } }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0000277509.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=277509" }, "speedCash": { "fiscalYear": 2025, "cashConversion": 0.1168, "growth3y": 0.1497, "volatility": 0.0472, "paysDividend": true, "raisedDividend": true, "equityRatio": 0.5776, "quadrant": { "code": "fs", "label": "Fast and steady", "plain": "growing faster than its size class, with steadier revenue" }, "compass": { "code": "later", "inside": "Turns 11.7% of revenue into operating cash; revenue growing 15.0% a year over three years; pays and raised its dividend.", "outside": "Among $1B-10B companies: 42nd percentile for cash, 81st for growth.", "emoji": "🌱", "label": "Cash cow later", "plain": "growing fast, and already turning revenue into cash" }, "band": "$1B-10B", "cashPctInClass": 42, "growthPctInClass": 81, "source": "SEC XBRL frames, the company’s own audited figures; quadrant split at the median of its size class" }, "harbor": { "signs": [], "rule": "Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider.", "level": 0, "name": "New ship", "plain": "no warning signs" }, "cashFlow": { "fiscalYearEnd": "2025-12-31", "operating": 254700000, "investing": -527900000, "financing": 244500000, "capitalSpending": 27600000, "free": 227100000, "trend": [ { "fiscalYearEnd": "2021-12-31", "operating": 101800000, "free": 64400000 }, { "fiscalYearEnd": "2022-12-31", "operating": 71800000, "free": 18800000 }, { "fiscalYearEnd": "2023-12-31", "operating": 194400000, "free": 164100000 }, { "fiscalYearEnd": "2024-12-31", "operating": 231300000, "free": 190700000 }, { "fiscalYearEnd": "2025-12-31", "operating": 254700000, "free": 227100000 } ], "note": "Annual, as filed in 10-K cash flow statements; negative investing/financing = cash going out (capital spending, buybacks, dividends, debt repaid)." }, "investments": { "fiscalYearEnd": "2025-12-31", "cash": 63700000, "shortTerm": null, "longTerm": null, "equityHoldings": null, "totalAssets": 2392600000, "ladder": null, "note": "Balance-sheet cash and investment securities at fiscal year end, as filed; short-term = due or saleable within a year. Insurers and banks hold most of their book here." } }, "definitions": { "operatingMargin": "Operating income divided by revenue.", "netMargin": "Net income divided by revenue.", "freeCashFlow": "Cash from operations minus spending on property and equipment.", "researchShareOfRevenue": "Research and development expense for the year as a share of revenue, both as filed.", "equityRatio": "Shareholders equity as a share of total assets, both as filed. Higher means less of the company is owed to someone else.", "returnOnEquity": "Net income for the year against shareholders equity at year end.", "payoutRatio": "Dividends paid as a share of net income, in the year the cash went out.", "dividendYearsRising": "Consecutive years, counted back from the last on record, in which dividend per share rose. A fall ends the run and is reported as dividendCut.", "revenueGrowthPerYear": "Compound annual growth between the first and latest fiscal years shown.", "credibility": "How much weight a record deserves, in the actuarial sense (ASOP No. 25): more audited years, more weight.", "peers": "Medians of SEC filers with $50M+ revenue in the same industry code (SIC), narrowest group with at least 8 filers, calendar-year figures from SEC XBRL frames.", "backtest": "The same range method applied to the company's own past years, scored against what it actually reported next. Hindsight, and labelled so.", "healthWatch": "Distress-type events the company filed in the last 12 months (late-filing notices; 8-K items 1.03, 3.01, 2.04, 4.02, 4.01, 2.05, 2.06, 1.05, 5.02), each with its count and newest filing. Display only: they do not change the range or its receipt." }, "speedCash": { "fiscalYear": 2025, "cashConversion": 0.1168, "growth3y": 0.1497, "volatility": 0.0472, "paysDividend": true, "raisedDividend": true, "equityRatio": 0.5776, "quadrant": { "code": "fs", "label": "Fast and steady", "plain": "growing faster than its size class, with steadier revenue" }, "compass": { "code": "later", "inside": "Turns 11.7% of revenue into operating cash; revenue growing 15.0% a year over three years; pays and raised its dividend.", "outside": "Among $1B-10B companies: 42nd percentile for cash, 81st for growth.", "emoji": "🌱", "label": "Cash cow later", "plain": "growing fast, and already turning revenue into cash" }, "band": "$1B-10B", "cashPctInClass": 42, "growthPctInClass": 81, "source": "SEC XBRL frames, the company’s own audited figures; quadrant split at the median of its size class" }, "harbor": { "signs": [], "rule": "Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider.", "level": 0, "name": "New ship", "plain": "no warning signs" }, "cashFlow": { "fiscalYearEnd": "2025-12-31", "operating": 254700000, "investing": -527900000, "financing": 244500000, "capitalSpending": 27600000, "free": 227100000, "trend": [ { "fiscalYearEnd": "2021-12-31", "operating": 101800000, "free": 64400000 }, { "fiscalYearEnd": "2022-12-31", "operating": 71800000, "free": 18800000 }, { "fiscalYearEnd": "2023-12-31", "operating": 194400000, "free": 164100000 }, { "fiscalYearEnd": "2024-12-31", "operating": 231300000, "free": 190700000 }, { "fiscalYearEnd": "2025-12-31", "operating": 254700000, "free": 227100000 } ], "note": "Annual, as filed in 10-K cash flow statements; negative investing/financing = cash going out (capital spending, buybacks, dividends, debt repaid)." }, "investments": { "fiscalYearEnd": "2025-12-31", "cash": 63700000, "shortTerm": null, "longTerm": null, "equityHoldings": null, "totalAssets": 2392600000, "ladder": null, "note": "Balance-sheet cash and investment securities at fiscal year end, as filed; short-term = due or saleable within a year. Insurers and banks hold most of their book here." } }