Federal Signal Corporation (FSS)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 450,200 | 344,900 | 288,700 | 293,600 | 322,800 |
| Revenue | US$ in thousands | 1,722,700 | 1,434,800 | 1,213,200 | 1,130,800 | 1,221,300 |
| Gross profit margin | 26.13% | 24.04% | 23.80% | 25.96% | 26.43% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $450,200K ÷ $1,722,700K
= 26.13%
The gross profit margin of Federal Signal Corp. has exhibited slight fluctuations over the past five years. In 2023, the gross profit margin increased to 26.13% from 24.04% in 2022, indicating an improvement in the company's ability to generate profits from its sales after accounting for the cost of goods sold. However, the margin is still below the levels seen in 2020 and 2019, where it was 25.96% and 26.43%, respectively. Despite these fluctuations, it is essential to further analyze the underlying factors driving these changes to assess the company's profitability and operational efficiency accurately.
Peer comparison
Dec 31, 2023