Federal Signal Corporation
Federal Signal Corporation designs, manufactures, and supplies a suite of products and integrated solutions for municipal, governmental, industrial, and commercial customers in the United States, Canada, Europe, and internationally. It operates through two segments, Environmental Solutions Group, and Safety and Security Systems Group. The company offers street sweepers, sewer cleaners, industrial… Read more
Federal Signal Corporation (FSS) - Net Assets
Latest net assets as of September 2025: $1.32 Billion USD
Based on the latest financial reports, Federal Signal Corporation (FSS) has net assets worth $1.32 Billion USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.94 Billion) and total liabilities ($616.70 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.32 Billion |
| % of Total Assets | 68.19% |
| Annual Growth Rate | 6.8% |
| 5-Year Change | 68.94% |
| 10-Year Change | 192.43% |
| Growth Volatility | 26.29 |
Federal Signal Corporation - Net Assets Trend (1985–2024)
This chart illustrates how Federal Signal Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Federal Signal Corporation (1985–2024)
The table below shows the annual net assets of Federal Signal Corporation from 1985 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $1.19 Billion | +18.39% |
| 2023-12-31 | $1.00 Billion | +16.38% |
| 2022-12-31 | $860.90 Million | +9.81% |
| 2021-12-31 | $784.00 Million | +11.67% |
| 2020-12-31 | $702.10 Million | +9.43% |
| 2019-12-31 | $641.60 Million | +21.03% |
| 2018-12-31 | $530.10 Million | +15.89% |
| 2017-12-31 | $457.40 Million | +16.06% |
| 2016-12-31 | $394.10 Million | -2.84% |
| 2015-12-31 | $405.60 Million | +9.15% |
| 2014-12-31 | $371.60 Million | +5.87% |
| 2013-12-31 | $351.00 Million | +138.94% |
| 2012-12-31 | $146.90 Million | -15.91% |
| 2011-12-31 | $174.70 Million | -20.91% |
| 2010-12-31 | $220.90 Million | -32.80% |
| 2009-12-31 | $328.70 Million | +15.54% |
| 2008-12-31 | $284.50 Million | -36.11% |
| 2007-12-31 | $445.30 Million | +15.24% |
| 2006-12-31 | $386.40 Million | +2.68% |
| 2005-12-31 | $376.30 Million | -8.82% |
| 2004-12-31 | $412.70 Million | -2.45% |
| 2003-12-31 | $423.05 Million | +6.08% |
| 2002-12-31 | $398.81 Million | +10.69% |
| 2001-12-31 | $360.31 Million | +0.81% |
| 2000-12-31 | $357.43 Million | +0.97% |
| 1999-12-31 | $354.00 Million | +10.01% |
| 1998-12-31 | $321.80 Million | +7.34% |
| 1997-12-31 | $299.80 Million | +9.90% |
| 1996-12-31 | $272.80 Million | +9.96% |
| 1995-12-31 | $248.10 Million | +12.62% |
| 1994-12-31 | $220.30 Million | +10.59% |
| 1993-12-31 | $199.20 Million | +11.28% |
| 1992-12-31 | $179.00 Million | +8.62% |
| 1991-12-31 | $164.80 Million | +12.57% |
| 1990-12-31 | $146.40 Million | +12.27% |
| 1989-12-31 | $130.40 Million | -20.63% |
| 1988-12-31 | $164.30 Million | +59.21% |
| 1987-12-31 | $103.20 Million | +0.78% |
| 1986-12-31 | $102.40 Million | +12.40% |
| 1985-12-31 | $91.10 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Federal Signal Corporation's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 5643.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $1.10 Billion | 92.98% |
| Common Stock | $70.30 Million | 5.93% |
| Other Comprehensive Income | $-89.00 Million | -7.50% |
| Other Components | $102.00 Million | 8.60% |
| Total Equity | $1.19 Billion | 100.00% |
Federal Signal Corporation Competitors by Market Cap
The table below lists competitors of Federal Signal Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
FirstService Corp
NASDAQ:FSV
|
$6.35 Billion |
|
Redeia Corporacion S.A.
MC:RED
|
$6.35 Billion |
|
Ivanhoe Mines Ltd.
OTCQX:IVPAF
|
$6.36 Billion |
|
YPF Sociedad Anónima
SA:Y2PF34
|
$6.36 Billion |
|
Hyundai Glovis
KO:086280
|
$6.35 Billion |
|
The People's Insurance Company (Group) of China Limited
PINK:PINXF
|
$6.33 Billion |
|
Ningbo Deye Technology Co Ltd
SHG:605117
|
$6.33 Billion |
|
Phoenix Group Holdings PLC
PINK:PNXGF
|
$6.33 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Federal Signal Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,001,900,000 to 1,186,100,000, a change of 184,200,000 (18.4%).
- Net income of 216,300,000 contributed positively to equity growth.
- Dividend payments of 29,300,000 reduced retained earnings.
- Share repurchases of 12,800,000 reduced equity.
- Other comprehensive income decreased equity by 7,700,000.
- Other factors increased equity by 17,700,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $216.30 Million | +18.24% |
| Dividends Paid | $29.30 Million | -2.47% |
| Share Repurchases | $12.80 Million | -1.08% |
| Other Comprehensive Income | $-7.70 Million | -0.65% |
| Other Changes | $17.70 Million | +1.49% |
| Total Change | $- | 18.39% |
Book Value vs Market Value Analysis
This analysis compares Federal Signal Corporation's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 5.58x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 52.96x to 5.58x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1985-12-31 | $2.02 | $107.21 | x |
| 1986-12-31 | $2.26 | $107.21 | x |
| 1987-12-31 | $2.22 | $107.21 | x |
| 1988-12-31 | $3.53 | $107.21 | x |
| 1989-12-31 | $2.72 | $107.21 | x |
| 1990-12-31 | $3.17 | $107.21 | x |
| 1991-12-31 | $3.56 | $107.21 | x |
| 1992-12-31 | $3.90 | $107.21 | x |
| 1993-12-31 | $4.30 | $107.21 | x |
| 1994-12-31 | $4.79 | $107.21 | x |
| 1995-12-31 | $5.41 | $107.21 | x |
| 1996-12-31 | $5.94 | $107.21 | x |
| 1997-12-31 | $6.55 | $107.21 | x |
| 1998-12-31 | $6.01 | $107.21 | x |
| 1999-12-31 | $6.76 | $107.21 | x |
| 2000-12-31 | $7.45 | $107.21 | x |
| 2001-12-31 | $7.33 | $107.21 | x |
| 2002-12-31 | $8.80 | $107.21 | x |
| 2003-12-31 | $8.80 | $107.21 | x |
| 2004-12-31 | $8.58 | $107.21 | x |
| 2005-12-31 | $8.18 | $107.21 | x |
| 2006-12-31 | $8.00 | $107.21 | x |
| 2007-12-31 | $9.33 | $107.21 | x |
| 2008-12-31 | $5.96 | $107.21 | x |
| 2009-12-31 | $6.76 | $107.21 | x |
| 2010-12-31 | $3.84 | $107.21 | x |
| 2011-12-31 | $2.81 | $107.21 | x |
| 2012-12-31 | $2.34 | $107.21 | x |
| 2013-12-31 | $5.55 | $107.21 | x |
| 2014-12-31 | $5.84 | $107.21 | x |
| 2015-12-31 | $6.40 | $107.21 | x |
| 2016-12-31 | $6.44 | $107.21 | x |
| 2017-12-31 | $7.57 | $107.21 | x |
| 2018-12-31 | $8.66 | $107.21 | x |
| 2019-12-31 | $10.42 | $107.21 | x |
| 2020-12-31 | $11.38 | $107.21 | x |
| 2021-12-31 | $12.67 | $107.21 | x |
| 2022-12-31 | $14.07 | $107.21 | x |
| 2023-12-31 | $16.29 | $107.21 | x |
| 2024-12-31 | $19.22 | $107.21 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Federal Signal Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 18.24%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 11.62%
- • Asset Turnover: 1.05x
- • Equity Multiplier: 1.49x
- Recent ROE (18.24%) is above the historical average (10.19%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1985 | 12.84% | 4.20% | 1.59x | 1.92x | $2.59 Million |
| 1986 | 11.52% | 4.16% | 1.60x | 1.73x | $1.56 Million |
| 1987 | 14.44% | 4.68% | 1.50x | 2.05x | $4.58 Million |
| 1988 | 11.32% | 4.95% | 1.50x | 1.53x | $2.17 Million |
| 1989 | 17.64% | 5.55% | 1.53x | 2.08x | $9.96 Million |
| 1990 | 19.26% | 6.42% | 1.49x | 2.02x | $13.56 Million |
| 1991 | 18.81% | 6.64% | 1.37x | 2.07x | $14.52 Million |
| 1992 | 19.22% | 6.64% | 1.42x | 2.03x | $16.50 Million |
| 1993 | 19.98% | 7.04% | 1.39x | 2.04x | $19.88 Million |
| 1994 | 21.24% | 6.91% | 1.30x | 2.37x | $24.77 Million |
| 1995 | 20.80% | 6.32% | 1.32x | 2.50x | $26.79 Million |
| 1996 | 22.73% | 6.92% | 1.27x | 2.58x | $34.72 Million |
| 1997 | 19.68% | 6.38% | 1.27x | 2.43x | $29.02 Million |
| 1998 | 18.46% | 5.92% | 1.20x | 2.60x | $27.22 Million |
| 1999 | 16.24% | 5.41% | 1.10x | 2.71x | $22.10 Million |
| 2000 | 16.10% | 5.20% | 1.12x | 2.77x | $21.79 Million |
| 2001 | 13.24% | 4.44% | 1.06x | 2.83x | $11.63 Million |
| 2002 | 9.60% | 3.61% | 0.90x | 2.94x | $-1.61 Million |
| 2003 | 8.83% | 3.09% | 1.02x | 2.81x | $-4.95 Million |
| 2004 | -0.56% | -0.20% | 1.01x | 2.73x | $-43.57 Million |
| 2005 | -1.22% | -0.40% | 1.03x | 2.98x | $-42.23 Million |
| 2006 | 5.87% | 1.87% | 1.15x | 2.72x | $-15.94 Million |
| 2007 | 12.33% | 4.33% | 1.08x | 2.64x | $10.37 Million |
| 2008 | -33.60% | -9.97% | 1.15x | 2.93x | $-124.05 Million |
| 2009 | 7.03% | 3.07% | 1.01x | 2.27x | $-9.77 Million |
| 2010 | -79.54% | -24.18% | 0.95x | 3.46x | $-197.79 Million |
| 2011 | -8.13% | -1.78% | 1.13x | 4.05x | $-31.67 Million |
| 2012 | -18.72% | -3.42% | 1.31x | 4.17x | $-42.19 Million |
| 2013 | 45.58% | 18.79% | 1.32x | 1.84x | $124.90 Million |
| 2014 | 17.14% | 6.94% | 1.39x | 1.77x | $26.54 Million |
| 2015 | 15.66% | 8.27% | 1.15x | 1.64x | $22.94 Million |
| 2016 | 11.11% | 6.19% | 1.10x | 1.63x | $4.39 Million |
| 2017 | 13.47% | 6.86% | 0.91x | 2.17x | $15.86 Million |
| 2018 | 17.73% | 8.63% | 1.06x | 1.93x | $40.99 Million |
| 2019 | 16.91% | 8.88% | 1.05x | 1.82x | $44.34 Million |
| 2020 | 13.70% | 8.51% | 0.94x | 1.72x | $25.99 Million |
| 2021 | 12.83% | 8.29% | 0.89x | 1.74x | $22.20 Million |
| 2022 | 13.99% | 8.39% | 0.94x | 1.77x | $34.31 Million |
| 2023 | 15.71% | 9.14% | 1.06x | 1.62x | $57.21 Million |
| 2024 | 18.24% | 11.62% | 1.05x | 1.49x | $97.69 Million |
Industry Comparison
This section compares Federal Signal Corporation's net assets metrics with peer companies in the Pollution & Treatment Controls industry.
Industry Context
- Industry: Pollution & Treatment Controls
- Average net assets among peers: $116,251,589
- Average return on equity (ROE) among peers: -23.23%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Federal Signal Corporation (FSS) | $1.32 Billion | 12.84% | 0.47x | $6.35 Billion |
| Aduro Clean Technologies Inc. Common Stock (ADUR) | $2.39 Million | -212.16% | 0.35x | $109.58 Million |
| Aker Carbon Capture ASA (AKCCF) | $1.08 Billion | -17.93% | 0.50x | $8.31 Million |
| K.B. Recycling Industries Ltd (AKMYF) | $4.66 Million | -143.64% | 1.06x | $1.84 Million |
| Amanasu Environment Corporation (AMSU) | $319.63K | -23.90% | 0.30x | $1.65K |
| Arq Inc (ARQ) | $76.17 Million | 126.79% | 0.41x | $61.67 Million |
| Active Energy Group PLC (ATGVF) | $-6.72 Million | 0.00% | 0.00x | $85.59K |
| Atmofizer Technologies Inc (ATMFF) | $16.71 Million | 6.09% | 0.23x | $527.96K |
| Birchtech Corp. (BCHT) | $-13.20 Million | 0.00% | 0.00x | $35.09 Million |
| BIOREM Inc (BIRMF) | $6.72 Million | 32.43% | 2.58x | $24.28 Million |
| Bion Environmental Technologies Inc (BNET) | $-802.00K | 0.00% | 0.00x | $3.71 Million |