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% quarter-over-quarter from $67.4 million in Q4 2025.
Federal Signal (FSS) Operating Expenses (2010 - 2026) Analysis & Trends
Federal Signal (FSS) has 17 years of Operating Expenses data on file, last reported at $72.0 million in Q1 2026.
- Operating Expenses for Q1 2026 came in at $72.0 million, up 19.6% year-over-year; the trailing twelve-month figure through Mar 2026 was $267.7 million (up 12.95% YoY), and the FY2025 annual result was $255.9 million, up 9.36% from the prior year.
- Operating Expenses advanced to $72.0 million in Q1 2026 per FSS's latest filing, from $67.4 million in the prior quarter.
- Over five years, Operating Expenses peaked at $72.0 million in Q1 2026 and troughed at $39.8 million in Q3 2022.
- A 5-year average of $55.5 million and a median of $57.2 million in 2024 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2023 and 2025: Operating Expenses rose 27.14% in 2023, then gained 2.16% in 2025.
- A 5-year view of Operating Expenses shows it stood at $46.2 million in 2022, then advanced by 17.1% to $54.1 million in 2023, then climbed by 7.95% to $58.4 million in 2024, then increased by 15.41% to $67.4 million in 2025, then increased by 6.82% to $72.0 million in 2026.
- Business Quant data shows FSS's Operating Expenses at $72.0 million in Q1 2026, $67.4 million in Q4 2025, and $61.4 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Aduro Clean Technologies | 856.39 Bn | 856.36 Bn | - | 3.04 Mn |
| 2 | Veralto | 20.76 Bn | 19.33 Bn | 854.00 Mn | 516.00 Mn |
| 3 | Zurn Elkay Water Solutions | 8.35 Bn | 8.08 Bn | 205.80 Mn | 109.10 Mn |
| 4 | Federal Signal | 7.20 Bn | 7.13 Bn | 179.40 Mn | 72.00 Mn |
| 5 | Ceco Environmental | 3.52 Bn | 3.48 Bn | 63.92 Mn | 56.37 Mn |
| 6 | PureCycle Technologies | 1.57 Bn | 1.47 Bn | - | 31.39 Mn |
| 7 | Energy Recovery | 497.64 Mn | 411.49 Mn | 2.70 Mn | 17.56 Mn |
| 8 | CleanCore Solutions | 210.18 Mn | 193.13 Mn | -419,259.00 | 18.56 Mn |
| 9 | Arq | 118.94 Mn | 114.26 Mn | 9.94 Mn | 10.92 Mn |
| 10 | 374Water | 38.06 Mn | 38.06 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 |