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Foster L B vs Greenwave Technology Solutions: FSTR and GWAV compared
Foster L B is the larger company: $168M of revenue in its latest quarter (Q3 2026) against $16.0M for Greenwave Technology Solutions (Q2 2026). Greenwave Technology Solutions is growing faster (+46% against +22% a year earlier). Foster L B is more profitable, with an operating margin of 6.0% against -17.8%.
Where the money goes: FSTR and GWAV
Foster L B (FSTR) · Q3 2026
Foster L B, Q3 2026: revenue $168M (+22% year over year), operating margin 6.0%, net earnings $6.8M, operating cash flow $23.6M. The chart follows the revenue to costs, profit and cash.
Greenwave Technology Solutions (GWAV) · Q2 2026
Greenwave Technology Solutions, Q2 2026: revenue $16.0M (+46% year over year), operating margin -17.8%, net loss $3.2M, operating cash flow −$370K. The chart follows the revenue to costs, profit and cash.
| Foster L B (FSTR) | Greenwave Technology Solutions (GWAV) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q2 2026 |
| Revenue | $168M | $16.0M |
| Revenue growth, Y/Y | +22% | +46% |
| Gross margin | 20.5% | — |
| Operating margin | 6.0% | -17.8% |
| Net earnings | $6.8M | −$3.2M |
| Net margin | 4.0% | -20.3% |
| Operating cash flow | $23.6M | −$370K |
| Free cash flow | $20.8M | — |
Where the revenue comes from
Foster L B
- Rail, Technologies, and Services: $103M (61%)
- Infrastructure Solutions: $65.1M (39%)
Greenwave Technology Solutions
- Scrap Metal Recycling: $14.5M (90%)
- Hauling: $1.5M (10%)
- Other: $22K (0%)
Questions
Which is bigger, Foster L B or Greenwave Technology Solutions?
Foster L B is the larger company: $168M of revenue in its latest quarter (Q3 2026) against $16.0M for Greenwave Technology Solutions (Q2 2026).
Is Foster L B or Greenwave Technology Solutions growing faster?
Greenwave Technology Solutions is growing faster (+46% against +22% a year earlier).
Which is more profitable, Foster L B or Greenwave Technology Solutions?
Foster L B is more profitable, with an operating margin of 6.0% against -17.8%.
More: Foster L B earnings · how Foster L B makes money · Greenwave Technology Solutions earnings · how Greenwave Technology Solutions makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 4, 2026; 10-Q filed Aug 18, 2026). Fiscal quarters can end on different dates. Not investment advice.