Growth Metrics

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 🔒
DateValue
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