Federal Signal (FSS) Operating Expenses (2010 - 2026)
Federal Signal (FSS) posted quarterly Operating Expenses of $78.3 million for Q2 2026, up 17.04% year-over-year from $66.9 million in Q2 2025, and up 8.75% quarter-over-quarter from $72.0 million in Q1 2026.
Federal Signal (FSS) Operating Expenses (2010 - 2026) Analysis & Trends
Federal Signal (FSS) has reported Operating Expenses for 17 consecutive years, with $78.3 million the latest figure, recorded in Q2 2026.
- In Q2 2026, Operating Expenses rose 17.04% year-over-year to $78.3 million; the TTM figure through Jun 2026 stood at $279.1 million (up 13.64% YoY), while the FY2025 annual figure was $255.9 million, up 9.36% from the prior year.
- Operating Expenses rose to $78.3 million in Q2 2026 per FSS's latest filing, from $72.0 million in the prior quarter.
- Across five years, Operating Expenses topped out at $78.3 million in Q2 2026 and bottomed at $39.8 million in Q3 2022.
- Historically, Operating Expenses has averaged $56.8 million across 5 years, with a median of $57.8 million in 2024.
- Annual changes were most pronounced in 2023 — Operating Expenses rose 27.14% — and 2025, when it gained 2.16%.
- Federal Signal's Operating Expenses stood at $46.2 million in 2022, then climbed by 17.1% to $54.1 million in 2023, then grew by 7.95% to $58.4 million in 2024, then rose by 15.41% to $67.4 million in 2025, then rose by 16.17% to $78.3 million in 2026.
- Business Quant data shows FSS's Operating Expenses at $78.3 million in Q2 2026, $72.0 million in Q1 2026, and $67.4 million in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Veralto | 24.34 Bn | 22.22 Bn | 902.00 Mn | 587.00 Mn |
| 2 | Zurn Elkay Water Solutions | 8.15 Bn | 7.79 Bn | 288.30 Mn | 121.30 Mn |
| 3 | Federal Signal | 7.49 Bn | 7.43 Bn | 203.80 Mn | 78.30 Mn |
| 4 | Ceco Environmental | 3.12 Bn | 3.06 Bn | 86.47 Mn | 109.35 Mn |
| 5 | PureCycle Technologies | 1.25 Bn | 1.25 Bn | - | 45.85 Mn |
| 6 | Aduro Clean Technologies | 538.23 Mn | 509.57 Mn | - | 2.67 Mn |
| 7 | Energy Recovery | 405.01 Mn | 311.96 Mn | 8.96 Mn | 14.84 Mn |
| 8 | Arq | 95.15 Mn | 94.24 Mn | 11.51 Mn | 11.58 Mn |
| 9 | Fuel Tech | 43.03 Mn | 23.42 Mn | 2.68 Mn | 8.05 Mn |
| 10 | CleanCore Solutions | 33.29 Mn | 16.23 Mn | -419,259.00 | 18.56 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 78.30 Mn |
| Mar 31, 2026 | 72.00 Mn |
| Dec 31, 2025 | 67.40 Mn |
| Sep 30, 2025 | 61.40 Mn |
| Jun 30, 2025 | 66.90 Mn |
| Mar 31, 2025 | 60.20 Mn |
| Dec 31, 2024 | 58.40 Mn |
| Sep 30, 2024 | 60.10 Mn |
| Jun 30, 2024 | 58.30 Mn |
| Mar 31, 2024 | 57.20 Mn |
| Dec 31, 2023 | 54.10 Mn |
| Sep 30, 2023 | 50.60 Mn |
| Jun 30, 2023 | 53.40 Mn |
| Mar 31, 2023 | 52.00 Mn |
| Dec 31, 2022 | 46.20 Mn |
| Sep 30, 2022 | 39.80 Mn |
| Jun 30, 2022 | 42.10 Mn |
| Mar 31, 2022 | 43.60 Mn |
| Dec 31, 2021 | 37.60 Mn |
| Sep 30, 2021 | 33.40 Mn |