Federal Signal (FSS) Operating Leases (2019 - 2026)

Federal Signal (FSS) reported Operating Leases of $23.1 million for Q1 2026, up 8.45% year-over-year from $21.3 million in Q1 2025, and up 6.94% quarter-over-quarter from $21.6 million in Q4 2025.

Federal Signal (FSS) Operating Leases (2019 - 2026) Analysis & Trends

Federal Signal (FSS) has 8 years of Operating Leases data on file, last reported at $23.1 million in Q1 2026.

  • Operating Leases for Q1 2026 came in at $23.1 million, up 8.45% year-over-year; the trailing twelve-month figure through Mar 2026 was $23.1 million (up 8.45% YoY), and the FY2025 annual result was $21.6 million, down 47.95% from the prior year.
  • Operating Leases advanced to $23.1 million in Q1 2026 per FSS's latest filing, from $21.6 million in the prior quarter.
  • Over five years, Operating Leases peaked at $41.5 million in Q4 2024 and troughed at $14.7 million in Q1 2024.
  • A 5-year average of $21.9 million and a median of $20.7 million in 2022 frame the typical range for Operating Leases.
  • The sharpest annual moves came in 2024 and 2025: Operating Leases jumped 78.11% in 2024, then slumped 47.95% in 2025.
  • A 5-year view of Operating Leases shows it stood at $27.4 million in 2022, then fell by 14.96% to $23.3 million in 2023, then jumped by 78.11% to $41.5 million in 2024, then tumbled by 47.95% to $21.6 million in 2025, then gained by 6.94% to $23.1 million in 2026.
  • Business Quant data shows FSS's Operating Leases at $23.1 million in Q1 2026, $21.6 million in Q4 2025, and $22.7 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Aduro Clean Technologies 856.39 Bn 856.36 Bn -
2 Veralto 20.76 Bn 19.33 Bn 854.00 Mn
3 Zurn Elkay Water Solutions 8.35 Bn 8.08 Bn 205.80 Mn
4 Federal Signal 7.20 Bn 7.13 Bn 179.40 Mn
5 Ceco Environmental 3.52 Bn 3.48 Bn 63.92 Mn
6 PureCycle Technologies 1.57 Bn 1.47 Bn -
7 Energy Recovery 497.64 Mn 411.49 Mn 2.70 Mn
8 CleanCore Solutions 210.18 Mn 193.13 Mn -419,259.00
9 Arq 118.94 Mn 114.26 Mn 9.94 Mn
10 374Water 38.06 Mn 38.06 Mn -2.43 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 23.10 Mn
Dec 31, 2025 21.60 Mn
Sep 30, 2025 22.70 Mn
Jun 30, 2025 20.30 Mn
Mar 31, 2025 21.30 Mn
Dec 31, 2024 41.50 Mn
Sep 30, 2024 20.70 Mn
Jun 30, 2024 21.30 Mn
Mar 31, 2024 14.70 Mn
Dec 31, 2023 23.30 Mn
Sep 30, 2023 17.00 Mn
Jun 30, 2023 18.30 Mn
Mar 31, 2023 19.40 Mn
Dec 31, 2022 27.40 Mn
Sep 30, 2022 19.10 Mn
Jun 30, 2022 20.70 Mn
Mar 31, 2022 19.70 Mn
Dec 31, 2021 22.10 Mn
Sep 30, 2021 22.70 Mn
Jun 30, 2021 23.80 Mn