Filing Flows › Industrials › Foster L B (FSTR)
Foster L B (FSTR) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 4, 2026 · Foster L B (FSTR) Q3 2026 earnings results →
Q3 2026 Revenue up 22% year over year to $168M · 4¢ of every $1 of revenue kept as net profit · operating margin 6.0%
Foster L B made $168M in Q3 2026 (+22% Y/Y): Rail, Technologies, and Services $103M, Infrastructure Solutions $65.1M. Operating margin 6.0%, net earnings $6.8M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 4, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $168.0M in Q3 2026, up 21% year over year and up 21% from the previous quarter. Rail, Technologies, and Services was the largest line at 61% of revenue. Rail, Technologies, and Services added $25.1M year over year (up 32%), 85% of the total change.
Gross margin was 20.5%, down 2.0 points from Q3 2025. Operating profit was $10.1M, a 6.0% margin (unchanged year over year). Of the extra revenue versus Q3 2025, 6% reached operating profit, above the 6% margin then. Operating expenses grew 7% against revenue growth of 21%. Net earnings were $6.8M, up 55% year over year. The effective tax rate was 27.3%.
Operating cash flow was $23.6M (down 19% year over year), 348% of net earnings. Non-cash charges added back $2.9M of depreciation and amortization and $1.2M of share-based compensation. Working capital and other items added $12.7M. After capital expenditures on property, plant, and equipment ($2.7M), free cash flow as the company reports it was $20.8M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 4, 2026 | $168M | +22% | 6.0% | $6.8M | $23.6M |
| Q2 2026 | 10-Q | Aug 10, 2026 | $139M | -4% | 4.4% | $3.1M | $17.9M |
| Q1 2026 | 10-Q | May 4, 2026 | $121M | +24% | 1.7% | $1.5M | −$10.4M |
| Q4 2025 | 10-K | Mar 5, 2026 | $160M | +25% | 4.9% | $2.4M | $22.2M |
| Q3 2025 | 10-Q | Nov 3, 2025 | $138M | +0.6% | 6.0% | $4.3M | $29.2M |
| Q2 2025 | 10-Q | Aug 11, 2025 | $144M | +2% | 5.3% | $2.8M | $10.4M |
| Q1 2025 | 10-Q | May 6, 2025 | $97.8M | -21% | -2.0% | −$2.1M | −$26.1M |
Charts
Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Foster L B
Founded in 1902, L.B. Foster Company is a Pennsylvania corporation with its principal office in Pittsburgh, PA. L.B. Foster Company is a global technology solutions provider of engineered, manufactured products and services that builds and supports infrastructure. The Company’s innovative engineering and product development solutions address the safety, reliability, and performance needs of its customers’ most challenging requirements. The Company maintains locations in North America, South America, Europe, and Asia. As used herein, “L.B. Foster,” the “Company,” “we,” “us,” and “our” or similar references refer collectively to L.B. Foster Company and its subsidiaries, unless the context indicates otherwise.
In its own words, from its 10-K, filed Mar 5, 2026.
Foster L B against its Wholesale-Metals Service Centers & of fices peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +22% against the peers' median +46%. Operating margin: 6.0% against the peers' median 6.0%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| FSTR Foster L B | Q3 2026 | $168M | +22% | 6.0% |
| RS Reliance | Q3 2026 | $5.2B | +43% | 10.6% |
| RYZ Ryerson Holding | Q3 2026 | $2.2B | +88% | 2.4% |
| GWAV Greenwave Technology Solutions | Q2 2026 | $16.0M | +46% | -17.8% |
Source: Foster L B 10-Q on SEC EDGAR · CIK 352825 · Wholesale-Metals Service Centers & of fices
Guidance and outlook
13F: who owns FSTR and who is buying
More on FSTR
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results
- Foster L B guidance history: guided vs reported
- Foster L B gross margin by quarter
- Foster L B operating margin by quarter
- Foster L B net income by quarter
- Foster L B free cash flow by quarter
- Foster L B capital expenditures by quarter
- Foster L B Rail, Technologies, and Services revenue by quarter
- Foster L B Infrastructure Solutions revenue by quarter