Federal Signal vs Trinity Industries
Federal Signal reported revenue of $2.2 billion in fiscal 2025, about the same as Trinity Industries' $2.2 billion in fiscal 2025. Federal Signal's revenue grew 17.1% in its latest year, and Trinity Industries' fell 29.9%. Federal Signal had an operating margin of 15.6%, against 30.1% at Trinity Industries. Free cash flow was $227 million at Federal Signal and $314 million at Trinity Industries.
Side by side
| Federal Signal | Trinity Industries | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $2.2B | $2.2B |
| Revenue growth | 17.1% | −29.9% |
| Revenue growth a year, last 5 years | 14.0% | 4.3% |
| Gross margin | 28.9% | 26.6% |
| Operating margin | 15.6% | 30.1% |
| Net margin | 11.3% | 11.7% |
| Free cash flow | $227M | $314M |
| Free cash flow margin | 10.4% | 14.6% |
| Return on capital | 16.2% | — |
| Net debt to EBITDA | 1.2x | — |
| Dividends and buybacks | $74M | $170M |
| Change in diluted share count | −0.3% | −1.5% |
| Last close | $113.44 | $29.43 |
| P/E at the last close | 23.5× | 7.4× |
| Insider trades, last 12 months | bought $221,540, sold $3.3 million | sold $502,350 |
| Piotroski F-score | 8 of 9 | — |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
Federal SignalTrinity Industries
Operating margin
Percent of revenue
Federal SignalTrinity Industries
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Federal SignalTrinity Industries
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Federal Signal and Trinity Industries pages.