Federal Signal Corporation (FSS)

Pretax margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	263,900	259,500	244,000	219,200	203,000	186,500	166,100	158,000	150,900	128,100	124,900	118,000	117,600	132,000	131,400	121,200	124,600	125,500	128,900	145,800
Revenue (ttm)	US$ in thousands	1,861,500	1,837,900	1,810,100	1,762,100	1,722,700	1,665,800	1,565,800	1,490,100	1,434,800	1,344,700	1,296,600	1,264,600	1,213,200	1,206,600	1,188,100	1,123,500	1,130,800	1,150,400	1,179,400	1,233,600
Pretax margin		14.18%	14.12%	13.48%	12.44%	11.78%	11.20%	10.61%	10.60%	10.52%	9.53%	9.63%	9.33%	9.69%	10.94%	11.06%	10.79%	11.02%	10.91%	10.93%	11.82%

December 31, 2024 calculation

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

Federal Signal Corporation's pretax margin has shown fluctuating performance over the period from March 31, 2020, to December 31, 2024. The pretax margin started at 11.82% in March 2020, experienced minor fluctuations over the next few quarters, and reached its peak at 14.18% in December 2024. Despite some variability, the trend indicates an overall improvement in pretax margin performance towards the latter part of the period. This may suggest effective cost management or revenue generation strategies implemented by the company. Investors and analysts may view the increasing pretax margin positively as it reflects the company's ability to generate higher profits before accounting for taxes relative to its revenue. However, it is important to conduct a comprehensive analysis considering other financial metrics and external factors to gain a holistic understanding of Federal Signal Corporation's financial performance.