Federal Signal Corporation (FSS)

Pretax margin

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Earnings before tax but after interest (EBT)	US$ in thousands	263,900	203,000	150,900	117,600	124,600
Revenue	US$ in thousands	1,861,500	1,722,700	1,434,800	1,213,200	1,130,800
Pretax margin		14.18%	11.78%	10.52%	9.69%	11.02%

December 31, 2024 calculation

Pretax margin = EBT ÷ Revenue
= $263,900K ÷ $1,861,500K
= 14.18%

Federal Signal Corporation's pretax margin has fluctuated over the past five years. In 2020, the pretax margin was 11.02%, which decreased slightly to 9.69% in 2021. However, there was an improvement in 2022 with a pretax margin of 10.52%. The trend continued upwards in 2023, reaching 11.78%. The most recent data for 2024 shows a significant increase to 14.18%, indicating improved profitability before accounting for taxes. Overall, the company's pretax margin has shown variability but has generally demonstrated an upward trend over the specified period.