FSTR

MKT CAP:$332M

L.B. Foster Company

Market Cap

$332M

Industrials·Railroads·🇺🇸 United States·NASDAQ

Industrials·Railroads·🇺🇸·NASDAQ

Stock Price

$30.00+$3.02 (+11.19%)

Apr 17, 2026

Company Details

L.B. Foster Company provides engineered and manufactured products and services for the building and infrastructure projects worldwide. The company's Rail, Technologies, and Services segment offers new rail to passenger and short line freigh...

CEO

John F. Kasel

IPO Date

Jun 9, 1981

Website

www.lbfoster.com

Key Metrics TTM

Revenue

$508M

-8.3% YoY

Net Income

$38M

EPS (Diluted)

$3.43

Free Cash Flow

$39M

Revenue / Share

$46.73

Gross Margin

22.2%

Operating Margin

2.8%

Net Margin

7.4%

FCF Margin

7.7%

P/S

0.7x

P/E

8.8x

Earnings Reports

Q4 2025

May 5, 2026

PENDING

FY 2025

Mar 5, 2026

$540M+1.7%EPS $0.69

Q3 2025

Nov 3, 2025

$138M+0.6%EPS $0.40

Q1 2025

May 6, 2025

$98MEPS -$0.20

FY 2024

Mar 7, 2025

$531MEPS $3.89

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 17	$145M	$28M	$5M
Q3 17	$131M	$26M	$4M
Q4 17	$141M	$28M	$6M
Q1 18	$122M	$22M	$461.0K
Q2 18	$173M	$33M	$7M
Q3 18	$167M	$30M	$6M
Q1 19	$150M	$29M	$6M
Q2 19	$201M	$37M	$13M
Q3 19	$154M	$28M	$4M
Q4 19	$141M	$28M	$4M
Q1 20	$122M	$23M	$3M
Q4 22	$137M	$27M	-$6M
Q4 23	$135M	$29M	$601.0K
Q3 24	$137M	$33M	$7M
Q1 25	$98M	$20M	-$2M
Q3 25	$138M	$31M	$8M

Valuation

Quarter	P/S	P/E
Q2 17	0.7x	—
Q3 17	0.7x	—
Q4 17	0.6x	80.8x
Q1 18	0.6x	73.6x
Q2 18	0.6x	51.7x
Q3 18	0.6x	40.6x
Q1 19	0.5x	28.7x
Q2 19	0.5x	14.3x
Q3 19	0.5x	15.6x
Q4 19	0.5x	7.8x
Q1 20	0.5x	9.0x
Q4 22	0.6x	—
Q4 23	0.6x	—
Q3 24	0.6x	—
Q1 25	0.7x	—
Q3 25	0.7x	8.8x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q2 17	$19M	$18M
Q3 17	-$2M	-$3M
Q4 17	$12M	$11M
Q1 18	$3M	$2M
Q2 18	$5M	$4M
Q3 18	$15M	$13M
Q1 19	-$14M	-$16M
Q2 19	$4M	$3M
Q3 19	$23M	$22M
Q4 19	$16M	$12M
Q1 20	-$7M	-$11M
Q4 22	$8M	$5M
Q4 23	$22M	$20M
Q3 24	$25M	$22M
Q1 25	-$26M	-$29M
Q3 25	$29M	$26M

Capital Expenditures

Quarter	CapEx
Q2 17	$1M
Q3 17	$738.0K
Q4 17	$814.0K
Q1 18	$723.0K
Q2 18	$1M
Q3 18	$1M
Q1 19	$3M
Q2 19	$1M
Q3 19	$1M
Q4 19	$4M
Q1 20	$4M
Q4 22	$3M
Q4 23	$2M
Q3 24	$3M
Q1 25	$3M
Q3 25	$3M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 17	+6.5%	+3.8%
Q3 17	+14.7%	+9.2%
Q4 17	+32.6%	+23.8%
Q1 18	+3.2%	+3.0%
Q2 18	+19.3%	+18.8%
Q3 18	+27.1%	+26.7%
Q1 19	+6.5%	+6.7%
Q2 19	+64.1%	+54.2%
Q3 19	-10.8%	-9.4%
Q4 19	-15.4%	-14.5%
Q1 20	-19.0%	-17.7%
Q4 22	-31.7%	-23.7%
Q4 23	-12.6%	-10.5%
Q3 24	-2.7%	-5.4%
Q1 25	-19.8%	-16.3%
Q3 25	+0.8%	-9.4%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q2 17	$558.0K	0.4%
Q3 17	$503.0K	0.4%
Q4 17	$468.0K	0.3%
Q1 18	$1M	0.9%
Q2 18	$822.0K	0.5%
Q3 18	$934.0K	0.6%
Q1 19	$855.0K	0.6%
Q2 19	$1M	0.6%
Q3 19	$876.0K	0.6%
Q4 19	$245.0K	0.2%
Q1 20	$680.0K	0.6%
Q4 22	$810.0K	0.6%
Q4 23	$1M	1.1%
Q3 24	$788.0K	0.6%
Q1 25	$834.0K	0.9%
Q3 25	$0	0.0%

OpEx Breakdown

Quarter	R&D	SG&A
Q2 17	—	$21M
Q3 17	—	$20M
Q4 17	$2M	$20M
Q1 18	—	$20M
Q2 18	—	$23M
Q3 18	—	$22M
Q1 19	—	$22M
Q2 19	—	$23M
Q3 19	—	$22M
Q4 19	$3M	—
Q4 22	—	$23M
Q4 23	—	$27M
Q3 24	—	$24M
Q1 25	—	$21M
Q3 25	—	$22M

Revenue Segments

Quarter	Construction Products Segment	Rail Products Segment	Tubular Products Segments	Construction Products Segment Member	Rail Products Segment Member	Tubular Products Segments Member	Product	Service Member	Service
Q2 17	$45M	$69M	$30M	—	—	—	—	—	—
Q3 17	$39M	$62M	$30M	—	—	—	—	—	—
Q1 18	$29M	$62M	$31M	—	—	—	—	—	—
Q2 18	$42M	$92M	$39M	—	—	—	—	—	—
Q3 18	—	—	—	$42M	$85M	$41M	—	—	—
Q1 19	—	—	—	—	—	—	$113M	$37M	—
Q2 19	—	—	—	—	—	—	$160M	—	$41M
Q3 19	—	—	—	—	—	—	$119M	—	$35M
Q4 22	—	—	—	—	—	—	$119M	—	$19M
Q4 23	—	—	—	—	—	—	$114M	—	$21M
Q3 24	—	—	—	—	—	—	$119M	—	$18M
Q1 25	—	—	—	—	—	—	$87M	—	$11M
Q3 25	—	—	—	—	—	—	$125M	—	$13M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$6M	$0	$6M
Q2 22	$8M	$0	$8M
Q3 22	$5M	$0	$5M
Q4 22	$3M	$0	$3M
Q1 23	$3M	$0	$3M
Q2 23	$4M	$0	$4M
Q3 23	$3M	$0	$3M
Q4 23	$3M	$0	$3M
Q1 24	$3M	$0	$3M
Q2 24	$4M	$0	$4M
Q3 24	$3M	$0	$3M
Q4 24	$2M	$0	$2M
Q1 25	$3M	$0	$3M
Q2 25	$4M	$0	$4M
Q3 25	$4M	$0	$4M
Q4 25	$4M	$0	$4M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 17	10M	+1.6%	+2.1%
Q3 17	10M	-0.0%	+1.8%
Q4 17	11M	+0.8%	+2.5%
Q1 18	10M	-2.0%	+0.3%
Q2 18	10M	+1.3%	+0.0%
Q3 18	10M	+0.0%	+0.1%
Q1 19	10M	-0.4%	-1.1%
Q2 19	11M	+1.9%	+2.8%
Q3 19	11M	+0.3%	+1.8%
Q4 19	11M	+0.1%	+1.8%
Q1 20	10M	-1.9%	+0.3%
Q4 22	11M	+2.6%	+1.0%
Q4 23	11M	+2.3%	+3.0%
Q3 24	11M	+0.0%	+2.9%
Q1 25	11M	-4.1%	+0.6%
Q3 25	11M	+3.2%	+1.2%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 17	$116.7K	1K
Q3 17	$106.0K	1K
Q4 17	$95.8K	1K
Q1 18	$83.0K	1K
Q2 18	$117.2K	1K
Q3 18	$113.3K	1K
Q1 19	$101.7K	1K
Q2 19	$135.8K	1K
Q3 19	$104.2K	1K
Q4 19	$106.3K	1K
Q1 20	$91.7K	1K
Q4 22	$121.3K	1K
Q4 23	$126.6K	1K
Q3 24	$129.1K	1K
Q1 25	$92.5K	1K
Q3 25	$130.8K	1K

Revenue / Employee