Federal Signal (FSS) Operating Expenses (2010 - 2026)
Federal Signal's (FSS) quarterly Operating Expenses came in at $78.3 million in 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.
Analysis
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.
- On a quarterly basis, Operating Expenses rose 17.04% year-over-year to $78.3 million in Q2 2026; TTM through Jun 2026 was $279.1 million, a 13.64% increase from a year earlier, with the FY2025 full-year figure at $255.9 million, up 9.36% from the prior year.
- Operating Expenses was $78.3 million for Q2 2026 at Federal Signal, up from $72.0 million in the prior quarter.
- Over five years, Operating Expenses peaked at $78.3 million in Q2 2026 and troughed at $39.8 million in Q3 2022.
- A 5-year average of $56.8 million and a median of $57.8 million in 2024 frame the typical range for Operating Expenses.
- Across the five-year window, Operating Expenses increased 27.14% in 2023 and rose 2.16% in 2025, its largest moves.
- Over 5 years, Operating Expenses stood at $46.2 million in 2022, then gained by 17.1% to $54.1 million in 2023, then advanced by 7.95% to $58.4 million in 2024, then grew by 15.41% to $67.4 million in 2025, then grew by 16.17% to $78.3 million in 2026.
- The last three Operating Expenses figures came in at $78.3 million (Q2 2026), $72.0 million (Q1 2026), and $67.4 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 371.83 Bn | 365.11 Bn | 7.76 Bn | 16.25 Bn |
| 2 | Cummins | 73.24 Bn | 69.63 Bn | 2.47 Bn | 1.28 Bn |
| 3 | Paccar | 61.09 Bn | 52.42 Bn | 1.56 Bn | 6.23 Bn |
| 4 | Borgwarner | 12.90 Bn | 10.63 Bn | 721.00 Mn | 352.00 Mn |
| 5 | Allison Transmission Holdings | 9.67 Bn | 9.27 Bn | 515.00 Mn | 224.00 Mn |
| 6 | Oshkosh | 9.07 Bn | 8.66 Bn | 480.30 Mn | 237.10 Mn |
| 7 | Federal Signal | 6.95 Bn | 6.88 Bn | 203.80 Mn | 78.30 Mn |
| 8 | Terex | 6.75 Bn | 6.34 Bn | 444.00 Mn | 209.00 Mn |
| 9 | Dana | 3.21 Bn | 2.94 Bn | 210.00 Mn | 197.00 Mn |
| 10 | Phinia | 2.25 Bn | 1.88 Bn | 216.00 Mn | 136.00 Mn |
Historic Data
Download Data
Historic 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 |