FSS vs OSK vs WNC Stock Comparison

Federal Signal, Oshkosh and Wabash National Prices as of Oct 29, 2026 Peers: Industry group
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FSS Federal Signal Corp /De/
$115.22 +0.8% 1M -11.2% 1Y
Market cap
$6.85B
P/E
23.1x
Revenue (TTM)
$2.55B
Div. yield
0.01%
Heavy Equipment Industrials
6 wins
OSK Oshkosh Corp
$135.10 +2.7% 1M +8.2% 1Y
Market cap
$8.43B
P/E
16.9x
Revenue (TTM)
$10.76B
Div. yield
–
Heavy Equipment Industrials
3 wins
WNC WABASH NATIONAL Corp
$13.29 +4.9% 1M +59.9% 1Y
Market cap
$536.57M
P/E
–
Revenue (TTM)
$1.52B
Div. yield
–
Heavy Equipment Industrials
2 wins

Head to Head

11 decided of 12

Federal Signal leads on 6 of the 12 questions below (Federal Signal 6, Oshkosh 3, Wabash National 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionFSSOSKWNCLeader
Larger companyMarket capitalisation $6.85B $8.43B $536.57M OSK
Cheaper on earningsLower P/E, profitable companies only 23.1x 16.9x -3.9x OSK
Cheaper on forward earningsLower price / next fiscal year consensus EPS 23.4x 13.5x — OSK
Faster revenue growthRevenue growth, trailing twelve months +24.0% +4.2% -7.3% FSS
More profitableNet margin, trailing twelve months 11.7% 4.6% -9.1% FSS
Better return on capitalReturn on invested capital 16.0% 10.2% -14.8% FSS
Less leveragedLower net debt / EBITDA 0.7x 0.6x -4.7x WNC
Higher dividend yieldTrailing dividend yield 0.01% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -11.2% +8.2% +59.9% WNC
Better 5-year returnAnnualised price return, 5 years +21.9%/yr +4.8%/yr -3.1%/yr FSS
Less volatileAnnualised volatility, 1 year 34.9% 39.3% 57.3% FSS
Higher overall scoreMean of the five percentile scores vs peers 77/100 67/100 24/100 FSS

Percentile Scorecard

FSSOSKWNC

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisFSSOSKWNC
Valuation 58 #85 of 203 91 #20 of 203 21 #161 of 203
Growth 92 #16 of 188 40 #113 of 188 2 #185 of 188
Profitability 92 #16 of 183 61 #72 of 183 15 #155 of 183
Financial Health 77 #50 of 216 52 #105 of 216 9 #196 of 216
Shareholder Returns 65 #54 of 152 92 #13 of 152 72 #43 of 152
Overall 77 67 24
  • FSS ranked among 222 companies in Machinery
  • OSK ranked among 222 companies in Machinery
  • WNC ranked among 222 companies in Machinery

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodFSSOSKWNCSPY
1 month +0.8%+2.7%+4.9% +0.7%
3 months -7.7%-5.4%+7.2% +3.7%
6 months -6.4%-13.6%+52.9% +7.1%
Year to date +6.1%+7.5%+53.6% +12.8%
1 year -11.2%+8.2%+59.9% +11.9%
3 years +98.4%+53.5%-36.2% +85.2%
3 years, per year +25.7%+15.4%-13.9% +22.8%
5 years +169.1%+26.3%-14.4% +67.6%
5 years, per year +21.9%+4.8%-3.1% +10.9%
10 years +849.1%+154.3%+19.7% +262.0%
10 years, per year +25.2%+9.8%+1.8% +13.7%

Risk

MeasureFSSOSKWNCSPY
Volatility, 1Y 34.9%39.3%57.3% 12.7%
Downside volatility, 1Y 35.9%38.3%51.4% 12.6%
Beta vs S&P 500, 1Y 1.271.411.52 1.00
Return / volatility, 1Y -0.320.211.05 0.94
Max drawdown, 5Y -33.3%-43.5%-77.4% -25.4%
From 52-week high -13.8%-24.1%-7.2% -1.2%
52-week high $133.73$177.94$14.32 $779.14
52-week low $104.77$118.59$6.77 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleFSSOSKWNC
P/E now vs peer median 23.7xmedian 25.8x 16.8xmedian 25.8x -3.9xmedian 25.8x
P/S now vs peer median 2.8xmedian 1.9x 0.8xmedian 1.9x 0.4xmedian 1.9x
EV/EBITDA now vs peer median 14.5xmedian 14.6x 9.0xmedian 14.6x -10.1xmedian 14.6x
P/FCF now vs peer median 19.3xmedian 22.2x 8.8xmedian 22.2x -3.8xmedian 22.2x
P/B now vs peer median 4.5xmedian 2.2x 1.8xmedian 2.2x 2.0xmedian 2.2x
PEG now vs peer median 0.89median 1.45 45.16median 1.45 0.10median 1.45

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsFSSOSKWNC
Revenue $2.55B $10.76B $1.52B
Gross profit $741.70M $1.66B $13.43M
Operating income $412.80M $734.30M -$157.62M
Net income $296.90M $498.50M -$138.69M
Free cash flow $365.10M $942.10M -$144.30M
EPS (diluted) $4.83 $8.01 $-3.38
Cash & equivalents $73.70M $558.00M $69.29M
Total debt $420.30M $1.10B $540.26M
Shares (diluted) 61.50M 62.24M 40.99M
Enterprise value $6.58B $6.74B $320.44M

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricFSSOSKWNC
P/E 23.7x 16.8x -3.9x
P/FCF 19.3x 8.8x -3.8x
P/Operating cash flow 17.5x 7.3x -4.4x
P/S 2.8x 0.8x 0.4x
P/B 4.5x 1.8x 2.0x
P/Tangible book 5.9x 2.1x 2.5x
EV/EBITDA 14.5x 9.0x -10.1x
EV/EBIT 17.9x 12.0x -6.4x
EV/Revenue 2.9x 0.8x 0.7x
EV/FCF 20.2x 9.4x -7.0x
EV/Operating cash flow 18.3x 7.8x -8.2x
PEG (3Y EPS CAGR) 0.89 45.16 0.10

Growth

14 metrics
MetricFSSOSKWNC
Revenue growth (1Y) 24.0% 4.2% -7.3%
Revenue CAGR (3Y) 15.2% 4.6% -16.4%
Gross profit growth (1Y) 24.8% -10.1% -88.7%
Gross profit CAGR (3Y) 20.2% 2.4% -69.7%
Operating income growth (1Y) 26.0% -22.8% -142.5%
Operating income CAGR (3Y) 25.7% -1.5% -35.9%
Net income growth (1Y) 25.9% -25.2% -153.3%
Net income CAGR (3Y) 26.8% -1.5% -37.9%
EPS growth (1Y) 25.7% -22.4% -153.5%
EPS CAGR (3Y) 26.7% 0.4% -39.7%
Operating cash flow growth (1Y) 62.4% 16.3% -182.2%
Operating cash flow CAGR (3Y) 45.6% 36.2% -35.4%
Free cash flow growth (1Y) 66.2% 26.0% -330.0%
Free cash flow CAGR (3Y) 53.2% 69.7% -43.3%

Profitability

14 metrics
MetricFSSOSKWNC
Gross margin 29.1% 15.4% 0.9%
EBITDA margin 19.9% 9.1% -6.6%
Operating margin 16.2% 6.8% -10.4%
Pretax margin 15.2% 5.9% -12.0%
Net margin 11.7% 4.6% -9.1%
FCF margin 14.3% 8.8% -9.5%
Operating cash flow margin 15.8% 10.5% -8.1%
Return on equity 19.2% 11.0% -49.0%
Return on assets 12.1% 4.9% -11.2%
Return on invested capital 16.0% 10.2% -14.8%
Return on capital employed 19.2% 10.5% -18.1%
Asset turnover 1.0x 1.1x 1.2x
Cash conversion (OCF / net income) 1.4x 2.3x 0.9x
Stock comp / revenue 0.6% 0.4% 0.7%

Financial Health

11 metrics
MetricFSSOSKWNC
Debt / assets 17.1% 10.7% 43.8%
Debt / equity 0.3x 0.2x 2.0x
Net debt / EBITDA 0.7x 0.6x -4.7x
Debt / FCF 1.2x 1.2x -3.7x
Liabilities / assets 35.7% 55.6% 78.0%
Equity / assets 64.3% 44.4% 22.0%
Interest coverage 17.9x 6.1x -6.2x
Current ratio 3.0x 1.7x 1.4x
Quick ratio 1.3x 0.7x 0.7x
Cash ratio 0.3x 0.2x 0.2x
Altman Z-score 7.56 3.13 1.51

Shareholder Returns

7 metrics
MetricFSSOSKWNC
Dividend yield 0.5% 1.6% 2.4%
Net buyback yield 0.0% 4.1% 0.1%
Shareholder yield 0.5% 5.7% 2.5%
Payout ratio (earnings) 12.1% – –
Payout ratio (FCF) 9.9% – –
Dividend growth (1Y) 9.4% – –
Dividend CAGR (3Y) 15.9% – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusFSSOSKWNC
Forward P/E 23.4xFY2026 13.5xFY2026 –
EPS, next fiscal year $4.92FY2026 $10.00FY2026 $-2.47FY2026
EPS growth, next FY +16.3%FY2026 -7.3%FY2026 –
EPS growth, the year after +10.0% +46.4% –
Revenue, next fiscal year $2.79BFY2026 $10.70BFY2026 $1.68BFY2026
Revenue growth, next FY +28.1%FY2026 +2.6%FY2026 +9.3%FY2026
Revenue growth, the year after -5.3% +5.3% +13.4%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersFSSOSKWNC
Held by institutions 100.0% 100.0% 91.8%
Institutions holding 475 599 165
Change in shares held, QoQ +3.9% +5.1% -3.6%
Institutions buying 250 310 84
Institutions selling 152 188 61
Buyers to sellers 1.64 1.65 1.38

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

FSSOSKWNC
FSS 1.00 0.50 0.39
OSK 0.50 1.00 0.48
WNC 0.39 0.48 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, FSS, OSK and WNC?

Oshkosh (OSK) is the largest by market capitalisation: Federal Signal (FSS) $6.85B, Oshkosh (OSK) $8.43B, Wabash National (WNC) $536.57M.

Which stock is cheaper, FSS, OSK and WNC?

Oshkosh (OSK) trades on the lowest price-to-earnings ratio (Federal Signal (FSS) 23.1x, Oshkosh (OSK) 16.9x, Wabash National (WNC) -3.9x). On next year's consensus earnings, Oshkosh (OSK) is cheapest (Federal Signal (FSS) 23.4x, Oshkosh (OSK) 13.5x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Federal Signal (FSS) grew revenue fastest over the trailing twelve months: Federal Signal (FSS) +24.0%, Oshkosh (OSK) +4.2%, Wabash National (WNC) -7.3%.

Which company is more profitable?

Federal Signal (FSS) has the highest net margin (Federal Signal (FSS) 11.7%, Oshkosh (OSK) 4.6%, Wabash National (WNC) -9.1%). On return on invested capital, Federal Signal (FSS) leads (Federal Signal (FSS) 16.0%, Oshkosh (OSK) 10.2%, Wabash National (WNC) -14.8%).

Which stock has performed better?

Over the past year Wabash National (WNC) returned the most: Federal Signal (FSS) -11.2%, Oshkosh (OSK) +8.2%, Wabash National (WNC) +59.9%. Over five years, Federal Signal (FSS) compounded fastest (Federal Signal (FSS) +21.9%/yr, Oshkosh (OSK) +4.8%/yr, Wabash National (WNC) -3.1%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Federal Signal (FSS) 0.01%, Oshkosh (OSK) 0.00%, Wabash National (WNC) 0.00%. Oshkosh (OSK) and Wabash National (WNC) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Federal Signal (FSS) has been the steadiest (Federal Signal (FSS) 34.9%, Oshkosh (OSK) 39.3%, Wabash National (WNC) 57.3%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, FSS, OSK and WNC?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Federal Signal (FSS) leads on 6. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.