Federal Signal Corporation (FSS)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	157,400	120,400	100,600	96,200	108,500
Revenue	US$ in thousands	1,722,700	1,434,800	1,213,200	1,130,800	1,221,300
Net profit margin		9.14%	8.39%	8.29%	8.51%	8.88%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $157,400K ÷ $1,722,700K
= 9.14%

The net profit margin of Federal Signal Corp. has been relatively stable over the past five years, ranging from 8.29% to 9.14%. This indicates that the company has been able to effectively manage its expenses in relation to its revenue, resulting in a consistent level of profitability. The slight fluctuations in the net profit margin suggest that Federal Signal Corp. has maintained a balance between controlling costs and generating revenue. Overall, the company's performance in terms of net profit margin demonstrates a consistent and healthy level of profitability over the years.