Filing Flows › Foster L B (FSTR) › How it makes money
How Foster L B (FSTR) makes money
Foster L B (FSTR) made $168M of revenue in the third quarter 2026 (Q3 2026), +21% from a year earlier. Rail, Technologies, and Services brought in $103M (61%); Infrastructure Solutions brought in $65.1M (39%). Of every dollar of revenue, 20¢ was left as gross profit, 6¢ was left as operating profit, 4¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Rail, Technologies, and Services | $103M | 61.3% | +43% | +32% |
| Infrastructure Solutions | $65.1M | 38.7% | -2% | +8% |
| ↳ Precast Concrete Products | $47.1M | 28.1% | +0.1% | +9% |
| ↳ Steel Products | $17.9M | 10.7% | -8% | +4% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $168M | 100.0% |
| Cost of revenue | $134M | 79.5% |
| Gross profit | $34.4M | 20.5% |
| Operating expenses | $24.3M | 14.5% |
| Operating profit | $10.1M | 6.0% |
| Income tax | $2.5M | 1.5% |
| Net earnings | $6.8M | 4.0% |
| Operating cash flow | $23.6M | 14.0% |
| Free cash flow | $20.8M | 12.4% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $168M | +22% |
| Q2 2026 | $139M | -4% |
| Q1 2026 | $121M | +24% |
| Q4 2025 | $160M | +25% |
| Q3 2025 | $138M | +0.6% |
| Q2 2025 | $144M | +2% |
| Q1 2025 | $97.8M | -21% |
From Foster L B's 10-Q filed Nov 4, 2026 (on EDGAR).
Questions
How does Foster L B make money?
Foster L B (FSTR) made $168M of revenue in the third quarter 2026 (Q3 2026), +21% from a year earlier. Rail, Technologies, and Services brought in $103M (61%); Infrastructure Solutions brought in $65.1M (39%). Of every dollar of revenue, 20¢ was left as gross profit, 6¢ was left as operating profit, 4¢ was left as net earnings.
What is Foster L B's biggest business?
Rail, Technologies, and Services: $103M in the third quarter 2026, 61% of revenue, +32% from a year earlier.
What is Foster L B's profit margin?
Net earnings were $6.8M, 4.0% of revenue, in the third quarter 2026; the operating margin was 6.0%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.