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Federal Signal vs Oshkosh: revenue, profit, margins and growth compared

Federal Signal brought in $2.2B of revenue in fiscal 2025, Oshkosh $10.4B in fiscal 2025. Revenue changed by +17.1% at Federal Signal and -2.9% at Oshkosh on the year before, so Federal Signal grew faster. Federal Signal kept 11.3% of its revenue as net profit, Oshkosh 6.2%. Free cash flow was $227.1M at Federal Signal and $618M at Oshkosh.

Side by side, latest fiscal year

FSSOSK
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$2.2B$10.4B
Revenue growth+17.1%-2.9%
Net income$246.6M$647M
Net margin11.3%6.2%
Free cash flow$227.1M$618M
Free cash flow margin10.4%5.9%
Earnings per share (diluted)$4.01n/a
Cash$63.7M$479.8M
Debt$0$1.1B
Price to earnings28.6n/a
Market value$7B$8.2B
Dividend yield0.49%1.54%
Rank by revenue in sector#213 of 451 · Industrials#63 of 451 · Industrials

Over the years

Revenue
FSS FY2018: $1.1BFSS FY2019: $1.2BFSS FY2020: $1.1BFSS FY2021: $1.2BFSS FY2022: $1.4BFSS FY2023: $1.7BFSS FY2024: $1.9BFSS FY2025: $2.2BOSK FY2018: $7.7BOSK FY2019: $8.4BOSK FY2020: $6.9BOSK FY2021: $7.7BOSK FY2022: $8.3BOSK FY2023: $9.7BOSK FY2024: $10.7BOSK FY2025: $10.4BFY18FY19FY20FY21FY22FY23FY24FY25
FSS $2.2BOSK $10.4B
Net income
FSS FY2018: $94MFSS FY2019: $108.5MFSS FY2020: $96.2MFSS FY2021: $100.6MFSS FY2022: $120.4MFSS FY2023: $157.4MFSS FY2024: $216.3MFSS FY2025: $246.6MOSK FY2018: $471.9MOSK FY2019: $579.4MOSK FY2020: $321.5MOSK FY2021: $508.9MOSK FY2022: $173.9MOSK FY2023: $598MOSK FY2024: $681.4MOSK FY2025: $647MFY18FY19FY20FY21FY22FY23FY24FY25
FSS $246.6MOSK $647M
Net margin
FSS FY2018: 8.6%FSS FY2019: 8.9%FSS FY2020: 8.5%FSS FY2021: 8.3%FSS FY2022: 8.4%FSS FY2023: 9.1%FSS FY2024: 11.6%FSS FY2025: 11.3%OSK FY2018: 6.1%OSK FY2019: 6.9%OSK FY2020: 4.7%OSK FY2021: 6.6%OSK FY2022: 2.1%OSK FY2023: 6.2%OSK FY2024: 6.4%OSK FY2025: 6.2%FY18FY19FY20FY21FY22FY23FY24FY25
FSS 11.3%OSK 6.2%
Revenue growth
FSS FY2019: +12.1%FSS FY2020: -7.4%FSS FY2021: +7.3%FSS FY2022: +18.3%FSS FY2023: +20.1%FSS FY2024: +8.1%FSS FY2025: +17.1%OSK FY2019: +8.8%OSK FY2020: -18.2%OSK FY2021: +12.8%OSK FY2023: +16.6%OSK FY2024: +11.1%OSK FY2025: -2.9%FY19FY20FY21FY22FY23FY24FY25
FSS +17.1%OSK -2.9%
Free cash flow
FSS FY2018: $78.7MFSS FY2019: $67.7MFSS FY2020: $106.5MFSS FY2021: $64.4MFSS FY2022: $18.8MFSS FY2023: $164.1MFSS FY2024: $190.7MFSS FY2025: $227.1MOSK FY2018: $341MOSK FY2019: $420.7MOSK FY2020: $215MOSK FY2021: $1.1BOSK FY2022: $331.8MOSK FY2023: $274.3MOSK FY2024: $269.1MOSK FY2025: $618MFY18FY19FY20FY21FY22FY23FY24FY25
FSS $227.1MOSK $618M

Fiscal years as each company reports them; the two may end in different months.

Questions about Federal Signal and Oshkosh

Which is bigger by revenue, Federal Signal or Oshkosh?

Oshkosh is bigger by revenue: $10.4B in fiscal 2025, against $2.2B for Federal Signal in fiscal 2025.

Which keeps more of its revenue as profit, Federal Signal or Oshkosh?

Federal Signal had a net margin of 11.3% in fiscal 2025; Oshkosh had 6.2% in fiscal 2025.

Which grew revenue faster, Federal Signal or Oshkosh?

In their latest fiscal years revenue changed by +17.1% at Federal Signal and -2.9% at Oshkosh.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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