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FSSFederal Signal Corporation
$125.37$7.6B
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HomeStocksFSSBalance Sheet

Federal Signal Corporation (FSS) Balance Sheet

30Y historyFree accessUpdated daily

The company maintains a conservative financial profile with a 0.41 debt-to-equity ratio, though goodwill has expanded to $626.8 million following recent acquisition activity.

FSS Balance Sheet

Income StatementBalance SheetCash FlowRatios
AnnualQuarterly
MetricTTMDec'25Dec'24Dec'23Dec'22Dec'21Dec'20Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08Dec'07Dec'06Dec'05Dec'04Dec'03Dec'02Dec'01Dec'00Dec'99Dec'98Dec'97Dec'96
Total Current Assets876.8M853.8M642.5M570.2M531.4M431M405.5M360.7M328.5M303.8M259.6M315.1M290.5M265.5M267.2M274.3M300M279.4M345.3M446.7M418.8M444.7M418.4M403.55M394.82M342.32M348.94M346.1M311.2M268.6M267M
Cash & Short-Term Investments71.4M63.7M91.1M61M47.5M40.5M81.7M31.6M37.4M37.5M50.7M76M30.4M23.8M29.7M9.5M62.1M21.1M23.4M16M19.3M91.9M14.9M10.12M9.78M16.88M13.56M8.8M15.3M10.7M12.4M
Cash Only71.4M63.7M91.1M61M47.5M40.5M81.7M31.6M37.4M37.5M50.7M76M30.4M23.8M29.7M9.5M62.1M21.1M23.4M16M19.3M91.9M14.9M10.12M9.78M16.88M13.56M8.8M15.3M10.7M12.4M
Short-Term Investments0000000000000000000000000000000
Accounts Receivable310.1M292.2M196.4M186.2M173.8M136M127M134.2M124.4M118.2M81.3M73M107.6M95.6M96.9M126.9M100.4M120.2M153.2M176.1M192.1M170M200.6M185.9M181.84M158.99M167.96M152.96M159.1M143M141.2M
Days Sales Outstanding43.0248.9138.5139.4544.2140.9240.9940.1141.6848.0241.9234.6942.7640.9944.0358.2250.4458.358.3250.6957.8753.6364.2856.2362.7854.1355.4252.5757.9156.4357.49
Inventory477.8M471.6M331M303.4M292.7M229.1M185M182.9M157.3M137.2M120.1M87.2M121M109.8M119.9M116.1M119.6M112.1M137.1M205.5M174.2M158M178.2M180.69M183.8M152.84M157.62M162.7M132M109.4M108.3M
Days Inventory Outstanding91.06109.890.9487.0398.0290.4580.6674.371.1173.9483.5858.6877.4374.6571.3579.4690.5373.4277.75109.36110.2966.4879.8885.7493.2873.4177.7791.2577.1565.0965.71
Other Current Assets17.5M26.3M24M19.6M17.4M0009.4M10.9M064.4M22.7M23.7M6.9M21.8M17.9M26M21.6M49.1M33.2M24.8M24.7M2.81M009.8M8.9M4.8M5.5M5.1M
Total Non-Current Assets1.58B1.54B1.12B1.05B992.9M935.1M803.3M804.8M695.3M688.5M383.6M351.4M368.2M379.3M346M432.4M464.5M465.5M488.7M730.4M630.6M674.8M707.5M782.86M773.59M673.29M642.18M614.9M524.8M459.3M436.9M
Property, Plant & Equipment317.1M303M419.9M346.6M313.1M280.1M242.1M234.9M158.6M147.3M123.7M52.9M69.5M63.8M59.3M62.2M63.2M65.5M65.4M97.6M85.7M92.8M110.9M125.57M143.93M113.74M112.6M115.4M97.4M84.7M82.8M
Fixed Asset Turnover6.94x7.20x4.43x4.97x4.58x4.33x4.67x5.20x6.87x6.10x5.72x14.52x13.22x13.34x13.54x12.79x11.50x11.49x14.66x12.99x14.14x12.47x10.27x9.61x7.35x9.43x9.82x9.20x10.30x10.92x10.83x
Goodwill626.8M619.8M477.7M472.7M453.4M432.2M394.2M388.8M375.1M377.3M236.5M231.6M266.3M273.8M272.3M294.1M310.4M319.6M328.1M406.7M310.6M0000000000
Intangible Assets393.9M382.9M199.7M207.5M208.2M205.7M153.5M162.9M143.1M151.8M10.2M200K00700K70.7M84.4M52.7M47.8M66M0333.4M352.5M366.41M348.44M280.89M274.93M277.2M232.2M188M165.9M
Long-Term Investments100K00000005.6M5.4M3.9M3.5M4M5.1M0001.7M0-45.5M-20.7M-26M-55.1M00000000
Other Non-Current Assets229.9M223M16M11.5M9.4M8.7M4M8.2M400K500K1.1M43.3M3.1M3.5M13.7M5.4M6.5M8.5M17.1M160.1M234.3M248.6M244.1M290.87M281.23M278.66M254.66M222.3M195.2M186.6M188.2M
Total Assets2.45B2.39B1.77B1.62B1.52B1.37B1.21B1.17B1.02B992.3M643.2M666.5M658.7M644.8M613.2M706.7M764.5M744.9M834M1.18B1.05B1.12B1.13B1.19B1.17B1.02B991.12M961M836M727.9M703.9M
Asset Turnover1.08x0.91x1.05x1.06x0.94x0.89x0.94x1.05x1.06x0.91x1.10x1.15x1.39x1.32x1.31x1.13x0.95x1.01x1.15x1.08x1.15x1.03x1.01x1.02x0.90x1.06x1.12x1.10x1.20x1.27x1.27x
Asset Growth %91.22%35.54%8.93%6.31%11.58%13.01%3.72%13.84%3.17%54.28%-3.5%1.18%2.16%5.15%-13.23%-7.56%2.63%-10.68%-29.15%12.17%-6.26%-0.57%-5.1%1.54%15.04%2.47%3.13%14.95%14.85%3.41%13.53%
Total Current Liabilities308.2M282.4M241.8M195.8M180.5M170.4M148.4M160.2M158.8M117.1M84.9M117.2M139.1M132.6M149.6M147.5M214.6M166.4M186.4M259M273.9M279.8M229.7M284.37M221.88M179.43M288.92M269.5M346.9M372.5M374.6M
Accounts Payable115.8M98M79M66.7M72.4M64.8M51.6M65M36.6M51.5M35.3M38M19.1M50.5M52.5M55.6M53.5M44.8M47.5M82.7M90M73.7M70.3M76.2M76.08M53.29M60.88M68.53M63M50.4M64.1M
Days Payables Outstanding22.8422.8221.719.1324.2525.5822.526.4116.5527.7524.5725.5712.2234.3331.2438.0540.529.3426.9444.0156.9831.0131.5136.1638.6125.630.0438.4436.8229.9938.89
Short-Term Debt11.1M8.4M7M3.9M800K000200K300K500K400K6.2M7.4M5M9.2M78M41.9M37.7M48M64.7M72.6M18.9M68.6M16.43M28.85M145.81M99.2M188.8M231.6M218.2M
Deferred Revenue (Current)186M47.7M35M27.1M25.4M21.9M13.3M11.5M10.1M6.5M4.5M18.6M12.1M11.2M16.2M9.9M10.2M10.4M17.4M146.8M158.9M169.2M196.5M128.71M123.61M86.58M00000
Other Current Liabilities115M128.3M101.6M34.7M044.4M44.8M44.2M52.7M200K30.3M59.8M50.5M37.4M44.8M14.9M-76.2M-39.7M12.3M94.6M83.2M5.8M12.4M19.77M5.76M-595K82.23M101.77M95.1M90.5M92.3M
Current Ratio2.84x3.02x2.66x2.91x2.94x2.53x2.73x2.25x2.07x2.59x3.06x2.69x2.09x2.00x1.79x1.86x1.40x1.68x1.85x1.72x1.53x1.59x1.82x1.42x1.78x1.91x1.21x1.28x0.90x0.72x0.71x
Quick Ratio1.29x1.35x1.29x1.36x1.32x1.18x1.49x1.11x1.08x1.42x1.64x1.94x1.22x1.17x0.98x1.07x0.84x1.01x1.12x0.93x0.89x1.02x1.05x0.78x0.95x1.06x0.66x0.68x0.52x0.43x0.42x
Cash Conversion Cycle111.24135.9107.75107.35117.99105.7899.158896.2494.2100.9367.8107.9681.384.1499.63100.48102.38109.14116.03111.1889.1112.65105.81117.45101.94103.16105.3998.2491.5384.31
Total Non-Current Liabilities711.7M728.2M337.3M422.8M482.9M411.7M358.3M363.7M334.9M417.8M164.2M143.7M148M161.2M316.7M384.5M329M249.8M363.1M472.8M389.1M463.4M483.5M478.99M547.72M475.88M344.77M337.5M167.3M55.6M56.5M
Long-Term Debt571.7M586.2M203.9M293.5M360.2M280.7M209.4M219.9M209.4M277M63.2M43.4M43.4M83.8M151.6M212.3M183M159.7M241.2M240.7M160.3M203.7M394.1M395.48M481.57M446.6M316.93M307.02M137.2M32.1M34.3M
Capital Lease Obligations43.5M022.3M15.7M19.8M23.6M15.9M22M500K400K300K300K600K900K1.2M400K1.4M159.7M0000000000000
Deferred Tax Liabilities271.9M71.9M58M53.2M51M53.2M53.7M52.7M46.3M45.4M63.1M70.5M68.5M43M35.8M47.2M45.8M0045.5M20.7M26M55.1M44.82M33.49M29.28M27.84M30.4M30.2M23.6M22.2M
Other Non-Current Liabilities65.8M70.1M53.1M60.4M51.9M54.2M79.3M69.1M71.9M86.3M90M87.4M104M60M108.7M103.2M258.3M-93.8M95.7M186.6M208.1M233.7M34.3M38.69M32.66M000-100K-100K0
Total Liabilities1.02B1.01B579.1M618.6M663.4M582.1M506.7M523.9M493.7M534.9M249.1M260.9M287.1M293.8M466.3M532M543.6M416.2M549.5M731.8M663M743.2M713.2M763.36M769.6M655.3M633.69M607M514.2M428.1M431.1M
Total Debt582.8M594.6M252.4M320.7M388.4M313.7M233.7M250.3M210.1M277.7M64M44.1M50.2M92.1M157.8M222.3M262.4M201.6M336.9M288.7M225M276.3M413M466.31M498M475.44M462.75M406.2M326M263.7M252.5M
Net Debt511.4M530.9M161.3M259.7M340.9M273.2M152M218.7M172.7M240.2M13.3M-31.9M19.8M68.3M128.1M212.8M200.3M180.5M313.5M272.7M205.7M184.4M398.1M456.19M488.22M458.56M449.19M397.4M310.7M253M240.1M
Debt / Equity0.41x0.43x0.21x0.32x0.45x0.40x0.33x0.39x0.40x0.61x0.16x0.11x0.14x0.26x1.07x1.27x1.19x0.61x1.18x0.65x0.58x0.73x1.00x1.10x1.25x1.32x1.29x1.15x1.01x0.88x0.93x
Debt / EBITDA1.22x1.36x0.73x1.13x1.80x1.73x1.33x1.33x1.33x2.68x0.80x0.38x0.50x1.27x2.44x4.81x11.03x3.99x5.21x3.23x2.92x3.37x10.54x5.69x5.01x3.89x3.18x3.20x2.72x2.19x2.08x
Net Debt / EBITDA1.07x1.21x0.47x0.91x1.58x1.51x0.86x1.16x1.09x2.32x0.17x-0.28x0.20x0.94x1.98x4.61x8.42x3.57x4.85x3.05x2.67x2.25x10.16x5.57x4.91x3.75x3.08x3.13x2.59x2.10x1.98x
Interest Coverage20.81x24.01x22.11x11.30x15.65x27.13x22.86x18.54x13.00x9.36x30.89x44.43x22.89x5.93x2.21x2.01x1.09x3.20x2.35x2.90x2.36x2.79x1.44x3.46x3.85x3.49x3.71x-5.07x-6.68x
Total Equity1.43B1.38B1.19B1B860.9M784M702.1M641.6M530.1M457.4M394.1M405.6M371.6M351M146.9M174.7M220.9M328.7M284.5M445.3M386.4M376.3M412.7M423.05M398.81M360.31M357.43M354M321.8M299.8M272.8M
Equity Growth %65.6%16.52%18.39%16.38%9.81%11.67%9.43%21.03%15.89%16.06%-2.84%9.15%5.87%138.94%-15.91%-20.91%-32.8%15.54%-36.11%15.24%2.68%-8.82%-2.45%6.08%10.69%0.81%0.97%10.01%7.34%9.9%9.96%
Book Value per Share23.3322.4719.2216.2914.0712.6711.3810.428.667.576.446.405.845.552.342.813.846.765.969.338.008.188.588.818.827.357.456.766.016.555.94
Total Shareholders' Equity1.43B1.38B1.19B1B860.9M784M702.1M641.6M530.1M457.4M394.1M405.6M371.6M351M146.9M174.7M220.9M328.7M284.5M445.3M386.4M376.3M412.7M422.51M398.06M359.44M357.43M354M321.8M299.8M272.8M
Common Stock71M70.8M70.3M70M69.5M68.9M67.8M66.9M66.4M66.1M65.4M64.8M64.2M63.8M63.4M63.1M63M49.6M49.3M49.4M49.1M48.8M48.6M48.44M48.39M47.38M47.07M46.9M000
Retained Earnings1.38B1.32B1.1B915.8M782.2M683.6M605M528.2M432.5M346.6M301.8M274.9M227M168.9M8.9M36.4M50.6M240.4M226.4M333.8M290.7M278.9M295.8M317.4M313.68M312.21M299.99M277M253.4M226.5M190.2M
Treasury Stock00-207.8M-193.7M-178.6M-151M-119.8M-93M-88.5M-86.1M-81.4M-40.9M-27.1M-16.8M-16.4M-16.1M-15.8M-15.8M-36.1M-30.1M-30.1M-18.1M-13.6M-14.8M-18.03M-45.49M-34.3M-17.02M-29.2M00
Accumulated OCI-74.4M-71M-89M-81.3M-84M-74.2M-91.7M-89.1M-97.3M-76.9M-92M-88.8M-79.5M-41.9M-80.1M-76.4M-41.6M-39.3M-61.5M-11M-23.1M66.7M-12.5M-20.38M-37.1M-27.84M-24.01M-19.5M-113.7M-102.7M-94.6M
Minority Interest00000000000000000000000541K744K873K00000

Key Metrics

Growth RegimeAccelerating
ProfitabilityStrong
Balance SheetHealthy
Cash FlowRobust
Top Statement Risk

Third-party chassis supply dependency

Verified Source

Metrics are mathematically derived from official filings.

SEC 10-K (2026Q1)

Asset Base Expansion Through Acquisitions

According to the latest quarterly filings, Federal Signal's total assets grew to $2.5 billion in 2026Q1 from $1.6 billion in 2023Q4, reflecting a consistent strategy of inorganic expansion that has successfully scaled the company's footprint within the specialized vocational vehicle and infrastructure equipment markets.

The steady climb in total assets, coupled with a rising retained earnings balance, suggests that the company is effectively deploying capital to generate long-term value. Investors should monitor whether this rapid asset accumulation leads to diminishing returns on invested capital as the portfolio of brands becomes increasingly complex to manage.

Conservative Leverage Supports Strategic Flexibility

As reported in financial statements, Federal Signal maintains a disciplined debt-to-equity ratio of 0.41 as of 2026Q1, which remains well within historical norms and provides the company with significant financial headroom to pursue further tuck-in acquisitions without compromising its overall balance sheet stability.

The modest increase in total debt to $582.8 million appears to be a strategic choice to fund growth rather than a necessity driven by operational cash shortfalls. This conservative leverage profile suggests that the company is well-positioned to navigate potential interest rate volatility while maintaining its commitment to municipal and industrial equipment cycles.

Robust Liquidity Buffers Against Volatility

Based on the provided figures, the company’s current ratio of 2.84 in 2026Q1 indicates a strong liquidity position, providing a substantial buffer against short-term operational shocks or potential supply chain disruptions that could otherwise impact the timing of revenue recognition for large-scale municipal contracts.

The consistent maintenance of a current ratio above 2.5 suggests that management prioritizes liquidity to manage the working capital intensity inherent in vocational vehicle manufacturing. This liquidity profile appears to offer sufficient protection against the lumpy nature of municipal procurement cycles and the associated inventory build-ups.

Goodwill Concentration Risks Warrants Monitoring

As evidenced by the balance sheet, goodwill has risen to $626.8 million in 2026Q1, representing a significant portion of total equity, which suggests that future earnings quality may be sensitive to potential impairment charges if the performance of acquired vocational brands fails to meet long-term expectations.

While the current growth trajectory justifies these valuations, the reliance on intangible assets highlights the importance of successful post-merger integration. Investors should remain cautious, as any structural shift in municipal demand could necessitate a re-evaluation of these carrying values, potentially impacting reported book value.

FSS — Frequently Asked Questions

Quick answers to the most common questions about buying FSS stock.

What are the total assets of Federal Signal Corporation (FSS)?

As of 2025, Federal Signal Corporation (FSS) had total assets of $2.39B including $853.8M in current assets.

How much debt does Federal Signal Corporation (FSS) have?

Federal Signal Corporation (FSS) carries total debt of $594.6M, offset by $63.7M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.

What is the book value or shareholders' equity of Federal Signal Corporation?

Federal Signal Corporation (FSS) has total shareholders' equity (book value) of $1.38B ($22.47 book value per share). Book value represents the net worth of the company belonging to common stock holders.

What is Federal Signal Corporation's current ratio and liquidity?

Federal Signal Corporation (FSS) reported a current ratio of 3.02x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.