Federal Signal (FSS) Operating Margin (2010 - 2026)
Federal Signal's (FSS) quarterly Operating Margin came in at 17.64% in Q2 2026, up 33.0% year-over-year from 13.26% in Q2 2025, and up 10.67% quarter-over-quarter from 15.94% in Q1 2026.
Analysis
Federal Signal (FSS) Operating Margin (2010 - 2026) Analysis & Trends
Federal Signal (FSS) has reported Operating Margin for 17 consecutive years, with 17.64% the latest figure, recorded in Q2 2026.
- On a quarterly basis, Operating Margin rose 33.0% year-over-year to 17.64% in Q2 2026; TTM through Jun 2026 was 16.15%, a 48.0% increase from a year earlier, with the FY2025 full-year figure at 15.63%, up 52.0% from the prior year.
- Operating Margin was 17.64% for Q2 2026 at Federal Signal, up from 15.94% in the prior quarter.
- Over five years, Operating Margin peaked at 17.64% in Q2 2026 and troughed at 8.63% in Q1 2022.
- A 5-year average of 14.02% and a median of 14.04% in 2023 frame the typical range for Operating Margin.
- Across the five-year window, Operating Margin tumbled 134 bps in 2022 and soared 311 bps in 2024, its largest moves.
- Over 5 years, Operating Margin stood at 11.9% in 2022, then climbed by 18 bps to 14.07% in 2023, then rose by 6 bps to 14.85% in 2024, then declined by 6 bps to 13.98% in 2025, then grew by 26 bps to 17.64% in 2026.
- The last three Operating Margin figures came in at 17.64% (Q2 2026), 15.94% (Q1 2026), and 13.98% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 369.07 Bn | 362.35 Bn | 7.76 Bn | 20.91% |
| 2 | Cummins | 75.55 Bn | 70.88 Bn | 2.47 Bn | 13.52% |
| 3 | Paccar | 64.52 Bn | 55.86 Bn | 1.56 Bn | -61.85% |
| 4 | Borgwarner | 13.21 Bn | 10.77 Bn | 721.00 Mn | 10.14% |
| 5 | Allison Transmission Holdings | 10.36 Bn | 9.96 Bn | 515.00 Mn | 18.58% |
| 6 | Oshkosh | 9.21 Bn | 8.81 Bn | 480.30 Mn | 8.34% |
| 7 | Federal Signal | 6.97 Bn | 6.91 Bn | 203.80 Mn | 17.64% |
| 8 | Terex | 6.82 Bn | 6.42 Bn | 444.00 Mn | 8.36% |
| 9 | Dana | 3.26 Bn | 2.93 Bn | 210.00 Mn | 3.78% |
| 10 | Phinia | 2.45 Bn | 2.08 Bn | 216.00 Mn | 8.51% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 17.64% |
| Mar 31, 2026 | 15.94% |
| Dec 31, 2025 | 13.98% |
| Sep 30, 2025 | 16.94% |
| Jun 30, 2025 | 17.30% |
| Mar 31, 2025 | 14.17% |
| Dec 31, 2024 | 14.85% |
| Sep 30, 2024 | 16.01% |
| Jun 30, 2024 | 16.54% |
| Mar 31, 2024 | 12.78% |
| Dec 31, 2023 | 14.07% |
| Sep 30, 2023 | 14.00% |
| Jun 30, 2023 | 13.43% |
| Mar 31, 2023 | 10.25% |
| Dec 31, 2022 | 11.90% |
| Sep 30, 2022 | 11.40% |
| Jun 30, 2022 | 12.60% |
| Mar 31, 2022 | 8.63% |
| Dec 31, 2021 | 9.99% |
| Sep 30, 2021 | 11.50% |