Federal Signal Corporation (FSS) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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FSS Revenue Growth
Revenue Breakdown (FY 2025)
FSS's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
FSS Revenue Analysis (2014–2025)
As of May 8, 2026, Federal Signal Corporation (FSS) generated trailing twelve-month (TTM) revenue of $2.34 billion, reflecting explosive growth of +34.9% year-over-year. The most recent quarter (Q1 2026) recorded $625.6 million in revenue, up 4.8% sequentially.
Looking at the longer-term picture, FSS's 5-year compound annual growth rate (CAGR) stands at +14.0%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $2.18 billion in 2025, representing a new all-time high.
Revenue diversification analysis shows FSS's business is primarily driven by Environmental Solutions (84%), and Safety And Security Systems (16%). With over half of revenue concentrated in Environmental Solutions, the company maintains significant focus in this area while developing other growth vectors.
When compared to Industrials sector peers including ASTE (+11.5% YoY), HLIO (+4.1% YoY), and FELE (+8.0% YoY), FSS has outperformed the peer group in terms of revenue growth. Compare FSS vs ASTE →
FSS Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| FSSCurrent | $2.3B | +34.9% | +14.0% | 16.4% | |
 ASTE | $1.4B | +11.5% | +6.6% | 4.6% | |
 HLIO | $839M | +4.1% | +9.9% | 7.9% | |
 FELE | $2.1B | +8.0% | +11.3% | 12.7% | |
 MIDD | $3.2B | -3.7% | +5.0% | 18.4% | |
 OSK | $10.4B | +2.8% | +5.1% | 9.1% |
FSS Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $2.18B | +17.1% | $612.8M | 28.1% | $356.9M | 16.4% |
| 2024 | $1.86B | +8.1% | $533.0M | 28.6% | $281.4M | 15.1% |
| 2023 | $1.72B | +20.1% | $450.2M | 26.1% | $224.5M | 13.0% |
| 2022 | $1.43B | +18.3% | $344.9M | 24.0% | $160.8M | 11.2% |
| 2021 | $1.21B | +7.3% | $288.7M | 23.8% | $130.7M | 10.8% |
| 2020 | $1.13B | -7.4% | $293.6M | 26.0% | $131.4M | 11.6% |
| 2019 | $1.22B | +12.1% | $322.8M | 26.4% | $147.1M | 12.0% |
| 2018 | $1.09B | +21.3% | $282.1M | 25.9% | $121.5M | 11.2% |
| 2017 | $898.5M | +26.9% | $221.2M | 24.6% | $73.6M | 8.2% |
| 2016 | $707.9M | -7.8% | $183.4M | 25.9% | $60.8M | 8.6% |
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Start ComparisonFSS — Frequently Asked Questions
Quick answers to the most common questions about buying FSS stock.
Is FSS's revenue growth accelerating or slowing?
FSS revenue is accelerating at +34.9% year-over-year, exceeding the 5-year CAGR of +14.0%. TTM revenue reached $2.3B. Growth momentum has increased versus prior periods.
What is FSS's long-term revenue growth rate?
Federal Signal Corporation's 5-year revenue CAGR of +14.0% reflects the sustained expansion pattern. Current YoY growth of +34.9% is above this long-term average.
How is FSS's revenue distributed by segment?
FSS reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.