Federal Signal Corporation

FSSNYSEIndustrials● Active

$107.77

+$1.28(+1.20%)

Market Cap$6.6B

P/E Ratio—

52W High$132.89

52W Low$97.25

Avg Volume487K

Open$107.62

Beta1.26

Free Cash Flow Financials Revenue

Federal Signal Corporation (FSS) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

FSS · free cash flow · updated Jun 8, 2026

Core FCF metrics

FSS · FCF · TTM · margin & CAGR

Free cash flow was $227.1M for FY2025 (fiscal year ending 2025-12-31), up 19.1% year-over-year The FCF margin was 10.4%. Five-year CAGR stands at +16.4%.

FY2025 Free Cash Flow$227.1M▲ +19.1% YoY

Trailing 12M (TTM)$290.6Mtrailing 4 quarters sum

FCF Margin10.4%$227.1M ÷ revenue

3-Year CAGR+129.4%FY2022 → FY2025

5-Year CAGR+16.4%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

FSS · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$254.7M(28M)$227.1M▲ +19.1%10.4%

FY2024$231.3M(41M)$190.7M▲ +16.2%10.2%

FY2023$194.4M(30M)$164.1M▲ +772.9%9.5%

FY2022$71.8M(53M)$18.8M▼ 70.8%1.3%

FY2021$101.8M(37M)$64.4M▼ 39.5%5.3%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

FSS · P/FCF · FCF yield · FCF per share

Federal Signal Corporation (FSS) trades at a FCF yield of 4.42% and a price-to-free-cash-flow ratio of 22.5x. FCF per share stands at $4.78, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

4.42%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$4.78

TTM FCF ÷ Shares Outstanding

Price / FCF

x22.5

Share Price ÷ FCF per Share

EV / FCF (TTM)

x24.4

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

FSS · cash flow statement · operating / investing / financing

For FY2025, Federal Signal Corporation generated $254.7M in operating cash flow and spent 28M in capital expenditures, yielding $227.1M in free cash flow.

Operating Activities

+$254.7M

Cash from core business operations

2025-12-31

Investing Activities

−$527.9M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

+$244.5M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($254.7M) − |CapEx| (28M) = FCF ($227.1M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Industrials)

FSS vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Federal Signal CorporationYOU

FSS

$227.1M+19.1%10.4%

Space Exploration Technologies Corp.

SPCX

−$13.95B-159.0%-74.7%

Loss

Industrials · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Federal Signal Corporation (FSS) reported free cash flow of $227.1M for FY2025 (fiscal year ending 2025-12-31), up 19.1% year-over-year. The FCF margin was 10.4%.

Based on available data, Federal Signal Corporation has maintained positive free cash flow for at least 14 fiscal year(s). FCF peaked at $227.1M in FY2025. The 5-year CAGR stands at +16.4%.

Federal Signal Corporation's FCF yield is 4.42% and price-to-FCF ratio is 22.5x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

FSS free cash flow · 8 questions

Federal Signal Corporation free cash flow was $227.1M for FY2025, up 19.1% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $290.6M.

FSS free cash flowFSS FCFFSS FCF 2025FSS free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Federal Signal Corporation · Federal Signal Corporation SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026