Federal Signal Corporation (FSS) — Cash Flow Quality Index
Federal Signal Corporation (FSS) has a Cash Flow Quality Index of 1.31x as of June 2026. Operating cash flow of $112.90 Million exceeds net income of $86.10 Million, indicating high earnings quality where cash backs reported profits. Explore cash flow to debt ratio of Federal Signal Corporation to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Federal Signal Corporation Cash Flow Quality Index (1985–2025)
Historical Cash Flow Quality Index for Federal Signal Corporation across 32 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see Federal Signal Corporation operating cash flow efficiency.
Annual Cash Flow Quality Index for Federal Signal Corporation (1985–2025)
Year-by-year earnings quality comparison for Federal Signal Corporation.
| Year | Quality Index | Operating CF (USD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 1.03x | $254.70 Million | $246.60 Million | ▼ -3.4% |
| 2024 | 1.07x | $231.30 Million | $216.30 Million | ▼ -13.4% |
| 2023 | 1.24x | $194.40 Million | $157.40 Million | ▲ +107.1% |
| 2022 | 0.60x | $71.80 Million | $120.40 Million | ▼ -41.1% |
| 2021 | 1.01x | $101.80 Million | $100.60 Million | ▼ -28.5% |
| 2020 | 1.42x | $136.20 Million | $96.20 Million | ▲ +49.0% |
| 2019 | 0.95x | $103.10 Million | $108.50 Million | ▼ -3.7% |
| 2018 | 0.99x | $92.80 Million | $94.00 Million | ▼ -16.5% |
| 2017 | 1.18x | $72.80 Million | $61.60 Million | ▲ +109.6% |
| 2016 | 0.56x | $24.70 Million | $43.80 Million | ▼ -63.2% |
| 2015 | 1.53x | $97.20 Million | $63.50 Million | ▲ +34.9% |
| 2014 | 1.14x | $72.30 Million | $63.70 Million | ▲ +142.8% |
| 2013 | 0.47x | $74.80 Million | $160.00 Million | ▼ -82.7% |
| 2009 | 2.70x | $62.40 Million | $23.10 Million | ▲ +126.8% |
| 2007 | 1.19x | $65.40 Million | $54.90 Million | ▼ -9.0% |
| 2006 | 1.31x | $29.70 Million | $22.70 Million | ▼ -35.3% |
| 2003 | 2.02x | $75.38 Million | $37.30 Million | ▼ -12.6% |
| 2002 | 2.31x | $88.35 Million | $38.20 Million | ▲ +15.7% |
| 2001 | 2.00x | $95.11 Million | $47.57 Million | ▲ +81.3% |
| 2000 | 1.10x | $64.39 Million | $58.38 Million | ▲ +9.9% |
| 1999 | 1.00x | $57.70 Million | $57.50 Million | ▼ -21.1% |
| 1998 | 1.27x | $75.50 Million | $59.40 Million | ▲ +16.8% |
| 1997 | 1.09x | $64.20 Million | $59.00 Million | ▲ +9.9% |
| 1996 | 0.99x | $61.40 Million | $62.00 Million | ▼ -18.8% |
| 1995 | 1.22x | $62.90 Million | $51.60 Million | ▲ +6.0% |
| 1994 | 1.15x | $53.80 Million | $46.80 Million | ▼ -6.2% |
| 1993 | 1.23x | $48.80 Million | $39.80 Million | ▲ +4.9% |
| 1992 | 1.17x | $40.20 Million | $34.40 Million | ▼ -17.5% |
| 1991 | 1.42x | $43.90 Million | $31.00 Million | ▼ -17.3% |
| 1990 | 1.71x | $48.30 Million | $28.20 Million | ▲ +13.9% |
| 1989 | 1.50x | $34.60 Million | $23.00 Million | ▼ -77.0% |
| 1985 | 6.55x | $76.60 Million | $11.70 Million | — |