Federal Signal (FSS) Operating Expenses (2010 - 2026)
Federal Signal (FSS) reported Operating Expenses of $72.0 million for Q1 2026, up 19.6% year-over-year from $60.2 million in Q1 2025, and up 6.82% on a QoQ basis from $67.4 million in Q4 2025.
Federal Signal (FSS) has 17 years of Operating Expenses data on file, last reported at $72.0 million in Q1 2026.
- Quarterly Operating Expenses rose 19.6% year-over-year to $72.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $267.7 million (up 12.95% YoY) and the FY2025 annual result came in at $255.9 million, up 9.36% from the prior year.
- Operating Expenses climbed to $72.0 million in Q1 2026 per FSS's latest filing, from $67.4 million in the prior quarter.
- Across five years, Operating Expenses topped out at $72.0 million in Q1 2026 and bottomed at $39.8 million in Q3 2022.
- The 5-year median for Operating Expenses is $57.2 million (2024), against an average of $55.5 million.
- The widest annual swing landed in 2023, when Operating Expenses grew 27.14%; it then increased 2.16% in 2025.
- Tracing FSS's Operating Expenses over 5 years: stood at $46.2 million in 2022, then rose by 17.1% to $54.1 million in 2023, then gained by 7.95% to $58.4 million in 2024, then climbed by 15.41% to $67.4 million in 2025, then climbed by 6.82% to $72.0 million in 2026.
- Per Business Quant, the three latest FSS Operating Expenses figures stand at $72.0 million (Q1 2026), $67.4 million (Q4 2025), and $61.4 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Veralto | 20.72 Bn | 19.29 Bn | 854.00 Mn | 516.00 Mn |
| 2 | Zurn Elkay Water Solutions | 7.83 Bn | 7.56 Bn | 205.80 Mn | 109.10 Mn |
| 3 | Federal Signal | 6.47 Bn | 6.40 Bn | 179.40 Mn | 72.00 Mn |
| 4 | Ceco Environmental | 2.82 Bn | 2.78 Bn | 63.92 Mn | 56.37 Mn |
| 5 | PureCycle Technologies | 2.21 Bn | 2.11 Bn | - | 31.39 Mn |
| 6 | Euro Tech Holdings | 1.36 Bn | 1.34 Bn | - | - |
| 7 | Energy Recovery | 421.81 Mn | 335.66 Mn | 2.70 Mn | 17.56 Mn |
| 8 | CleanCore Solutions | 173.22 Mn | 156.17 Mn | -419,259.00 | 18.56 Mn |
| 9 | Arq | 116.43 Mn | 111.76 Mn | 9.94 Mn | 10.92 Mn |
| 10 | 374Water | 42.95 Mn | 42.95 Mn | -2.43 Mn | 5.94 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jun 30, 2021 | 40.00 Mn |
| Mar 31, 2021 | 38.20 Mn |
| Dec 31, 2020 | 31.20 Mn |
| Sep 30, 2020 | 38.40 Mn |
| Jun 30, 2020 | 38.70 Mn |
| Mar 31, 2020 | 42.20 Mn |
| Dec 31, 2019 | 35.70 Mn |
| Sep 30, 2019 | 43.00 Mn |
| Jun 30, 2019 | 41.80 Mn |
| Mar 31, 2019 | 43.90 Mn |
| Dec 31, 2018 | 38.40 Mn |
| Sep 30, 2018 | 38.20 Mn |
| Jun 30, 2018 | 40.70 Mn |
| Mar 31, 2018 | 41.80 Mn |
| Dec 31, 2017 | 40.00 Mn |
| Sep 30, 2017 | 38.30 Mn |
| Jun 30, 2017 | 34.90 Mn |
| Mar 31, 2017 | 31.70 Mn |
| Dec 31, 2016 | 28.60 Mn |
| Sep 30, 2016 | 31.50 Mn |
| Jun 30, 2016 | 30.30 Mn |
| Mar 31, 2016 | 30.80 Mn |
| Dec 31, 2015 | 31.00 Mn |
| Sep 30, 2015 | 29.50 Mn |
| Jun 30, 2015 | 31.50 Mn |
| Mar 31, 2015 | 30.40 Mn |
| Dec 31, 2014 | 17.50 Mn |
| Sep 30, 2014 | 33.50 Mn |
| Jun 30, 2014 | 35.00 Mn |
| Mar 31, 2014 | 34.00 Mn |
| Dec 31, 2013 | 14.40 Mn |
| Sep 30, 2013 | 31.70 Mn |
| Jun 30, 2013 | 33.60 Mn |
| Mar 31, 2013 | 34.70 Mn |
| Dec 31, 2012 | 36.70 Mn |
| Sep 30, 2012 | 33.20 Mn |
| Jun 30, 2012 | 33.40 Mn |
| Mar 31, 2012 | 35.00 Mn |
| Dec 31, 2011 | 34.20 Mn |
| Sep 30, 2011 | 28.00 Mn |
| Jun 30, 2011 | 29.30 Mn |
| Mar 31, 2011 | 44.10 Mn |
| Dec 31, 2010 | 7.90 Mn |
| Sep 30, 2010 | 39.70 Mn |
| Jun 30, 2010 | 45.00 Mn |