FEDERAL SIGNAL CORP (FSS)
Industrials · Specialized industrial vehicles and municipal infrastructure equipment · NYSE
Federal Signal manufactures specialized infrastructure and public safety vehicles and equipment for municipalities and government agencies, with strong growth driven by acquisitions and municipal spending.
What FEDERAL SIGNAL CORP does
Federal Signal Corporation designs, manufactures, and supplies vehicles, equipment, and integrated solutions for municipal, governmental, industrial, and commercial customers across two main segments. The Environmental Solutions Group produces street sweepers, sewer cleaners, vacuum and hydro-excavation trucks (safe-digging trucks), waterblasting equipment, refuse collection vehicles, road-marking equipment, dump truck bodies, and multi-purpose maintenance vehicles. The Safety and Security Systems Group manufactures vehicle lightbars, sirens, industrial signaling equipment, public warning systems, and alarm/public address systems. The company also provides parts, service, repair, equipment rentals, and training.
Themes: ["Municipal infrastructure maintenance","Environmental solutions / street and sewer cleaning","Safe-digging / utility location","Public safety / emergency signaling","Specialized commercial vehicles","Aftermarket services / equipment rental"]
Fundamentals
- Price$116.89 as of 2026-07-09 close
- Market cap$7.2B as of 2026-07-10
- 1-year return+3.9% as of 2026-07-09 close
- P/E26.77 as of 2026-07-10
- Net margin+11.6% as of 2026-07-10
- Gross margin+29.0% as of 2026-07-10
- ROE+20.1% as of 2026-07-10
- Debt / equity0.38 as of 2026-07-10
- Revenue growth (YoY)+23.3% as of 2026-07-10
- Revenue CAGR (3y)+15.0% SEC XBRL
- Beta1.24 as of 2026-07-10
Dividend: yield +0.5%; 5-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
["Dependence on municipal and government budgets for Environmental Solutions segment sales, which are subject to economic cycles and discretionary spending constraints","Integration risks from recent acquisitions (Hog, New Way Trucks, Kinloch) could impact operational performance and profitability","Supply chain and manufacturing complexity across 26 principal facilities in five countries exposes the company to geopolitical, logistics, and cost inflation risks"]
Competitors & peers
- Wayne Industries (refuse collection)
- GovPlacements / municipal equipment suppliers
- Heil Environmental (refuse collection and environmental equipment)
- Fentro Systems (public warning systems)
- Whelen Engineering (public warning and emergency signaling)
- American Signal Corporation (public warning systems)
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.