Tearsheet

L.B. Foster (FSTR)


Market Price (12/29/2025): $28.63 | Market Cap: $296.5 Mil
Sector: Industrials | Industry: Rail Transportation

L.B. Foster (FSTR)


Market Price (12/29/2025): $28.63
Market Cap: $296.5 Mil
Sector: Industrials
Industry: Rail Transportation

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.


0 Attractive yield
FCF Yield is 9.4%
Trading close to highs
Dist 52W High is -2.1%, Dist 3Y High is -4.2%
Expensive valuation multiples
P/EPrice/Earnings or Price/(Net Income) is 60x
1 Low stock price volatility
Vol 12M is 42%
Weak multi-year price returns
2Y Excs Rtn is -6.3%
Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -5.5%
2 Megatrend and thematic drivers
Megatrends include Infrastructure Development, Water Infrastructure, and Sustainable Resource Management. Themes include Rail Infrastructure Solutions, Show more.
  Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -2.5%
3   Key risks
FSTR key risks include [1] a heavy sales concentration (55%) in the declining domestic rail market, Show more.
0 Attractive yield
FCF Yield is 9.4%
1 Low stock price volatility
Vol 12M is 42%
2 Megatrend and thematic drivers
Megatrends include Infrastructure Development, Water Infrastructure, and Sustainable Resource Management. Themes include Rail Infrastructure Solutions, Show more.
3 Trading close to highs
Dist 52W High is -2.1%, Dist 3Y High is -4.2%
4 Weak multi-year price returns
2Y Excs Rtn is -6.3%
5 Expensive valuation multiples
P/EPrice/Earnings or Price/(Net Income) is 60x
6 Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -5.5%
7 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -2.5%
8 Key risks
FSTR key risks include [1] a heavy sales concentration (55%) in the declining domestic rail market, Show more.

Valuation, Metrics & Events

FSTR Stock


Why The Stock Moved


Qualitative Assessment

AI Analysis | Feedback

1. Strong Q2 2025 Performance with Positive Outlook: L.B. Foster reported its Q2 2025 results on August 11, 2025, with revenue aligning with analyst estimates and a full-year outlook that slightly surpassed expectations. The company demonstrated 2.0% organic sales growth, leading to a 51.4% increase in Adjusted EBITDA, primarily driven by a 22.4% organic sales growth in the Infrastructure segment, with Precast Concrete sales up 36.0%. Free Cash Flow also saw a significant improvement to $7.73 million from -$7.01 million in the prior year's quarter.



2. Resilient Q3 2025 Results and Revised Guidance: On November 3, 2025, L.B. Foster announced its Q3 2025 results, which, despite missing some consensus estimates, highlighted an 18.4% year-over-year increase in backlog, significantly boosted by a 58.2% rise in the Rail segment's backlog. The company also reduced its total debt and initiated a stock repurchase program of up to $40 million. Management revised the 2025 guidance, anticipating a strong finish to the year.



Show more

Stock Movement Drivers

Fundamental Drivers

The 3.4% change in FSTR stock from 9/28/2025 to 12/28/2025 was primarily driven by a 664.5% change in the company's P/E Multiple.
928202512282025Change
Stock Price ($)27.5428.463.36%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)507.00507.820.16%
Net Income Margin (%)7.19%0.96%-86.61%
P/E Multiple7.8960.32664.53%
Shares Outstanding (Mil)10.4410.360.80%
Cumulative Contribution3.35%

LTM = Last Twelve Months as of date shown

Market Drivers

9/28/2025 to 12/28/2025
ReturnCorrelation
FSTR3.4% 
Market (SPY)4.3%30.1%
Sector (XLI)3.0%36.4%

Fundamental Drivers

The 28.7% change in FSTR stock from 6/29/2025 to 12/28/2025 was primarily driven by a 842.2% change in the company's P/E Multiple.
629202512282025Change
Stock Price ($)22.1128.4628.74%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)504.24507.820.71%
Net Income Margin (%)7.22%0.96%-86.67%
P/E Multiple6.4060.32842.18%
Shares Outstanding (Mil)10.5410.361.75%
Cumulative Contribution28.70%

LTM = Last Twelve Months as of date shown

Market Drivers

6/29/2025 to 12/28/2025
ReturnCorrelation
FSTR28.7% 
Market (SPY)12.6%42.5%
Sector (XLI)7.5%50.1%

Fundamental Drivers

The 6.5% change in FSTR stock from 12/28/2024 to 12/28/2025 was primarily driven by a 800.6% change in the company's P/E Multiple.
1228202412282025Change
Stock Price ($)26.7228.466.53%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)537.46507.82-5.51%
Net Income Margin (%)7.96%0.96%-87.90%
P/E Multiple6.7060.32800.59%
Shares Outstanding (Mil)10.7210.363.38%
Cumulative Contribution6.41%

LTM = Last Twelve Months as of date shown

Market Drivers

12/28/2024 to 12/28/2025
ReturnCorrelation
FSTR6.5% 
Market (SPY)17.0%57.3%
Sector (XLI)19.2%58.0%

Fundamental Drivers

The 198.1% change in FSTR stock from 12/29/2022 to 12/28/2025 was primarily driven by a 168.1% change in the company's P/S Multiple.
1229202212282025Change
Stock Price ($)9.5528.46198.06%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)473.29507.827.30%
P/S Multiple0.220.58168.09%
Shares Outstanding (Mil)10.7310.363.49%
Cumulative Contribution197.70%

LTM = Last Twelve Months as of date shown

Market Drivers

12/29/2023 to 12/28/2025
ReturnCorrelation
FSTR29.4% 
Market (SPY)48.4%42.9%
Sector (XLI)41.4%48.4%

Return vs. Risk


Price Returns Compared

 202020212022202320242025Total [1]
Returns
FSTR Return-22%-9%-30%127%22%5%45%
Peers Return16%38%-12%21%26%16%150%
S&P 500 Return16%27%-19%24%23%18%114%

Monthly Win Rates [3]
FSTR Win Rate58%50%42%75%58%67% 
Peers Win Rate52%65%42%68%57%52% 
S&P 500 Win Rate58%75%42%67%75%73% 

Max Drawdowns [4]
FSTR Max Drawdown-55%-15%-34%0%-27%-33% 
Peers Max Drawdown-34%-5%-26%-7%-9%-23% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 


[1] Cumulative total returns since the beginning of 2020
[2] Peers: HPQ, HPE, IBM, CSCO, AAPL.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/26/2025 (YTD)

How Low Can It Go

Unique KeyEventFSTRS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-53.3%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven113.9%34.1%
2022 Inflation ShockTime to BreakevenTime to Breakeven255 days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-57.0%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven132.8%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven1,325 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-52.9%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven112.4%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven1,964 days120 days
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-64.7%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven183.3%131.3%
2008 Global Financial CrisisTime to BreakevenTime to BreakevenNot Fully Recovered days1,480 days

Compare to HPQ, HPE, IBM, CSCO, AAPL

In The Past

L.B. Foster's stock fell -53.3% during the 2022 Inflation Shock from a high on 6/8/2021. A -53.3% loss requires a 113.9% gain to breakeven.

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About L.B. Foster (FSTR)

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 freight railroads, industrial companies, and rail contractors; used rails; rail accessories, including track spikes and anchors, bolts, angle bars, tie plates, and other products; power rail, direct fixation fasteners, coverboards, and special accessories; and trackwork products, as well as engineers and manufactures insulated rail joints and related accessories. This segment also provides friction management products and application systems, railroad condition monitoring systems and equipment, wheel impact load detection systems, wayside data collection and management systems, track fasteners, and engineered concrete railroad ties; and aftermarket services. Its Precast Concrete Products segment offers a range of specialty precast concrete products, such as sound walls, burial vaults, bridge beams, box culverts, septic tanks, and other custom pre-stressed products for use in transportation and general infrastructure markets. This segment also manufactures precast concrete buildings for use as restrooms, concession stands, and protective storage buildings in national, state, and municipal parks. The company's Steel Products and Measurement segment provides bridge decking, bridge railing, structural steel fabrications, expansion joints, bridge forms, and other products for highway construction and repair. This segment also produces threaded pipe products for industrial water well, irrigation, and oil and gas markets, as well as offers pipe coatings for oil and gas pipelines and utilities, and precision measurement systems for the oil and gas market. The company markets its products directly, as well as through a network of agents. L.B. Foster Company was founded in 1902 and is headquartered in Pittsburgh, Pennsylvania.

AI Analysis | Feedback

Here are 1-3 brief analogies for L.B. Foster (FSTR):

  • Parker Hannifin (PH) for rail and bridge infrastructure components.
  • Vulcan Materials (VMC) for specialized rail and bridge components, rather than basic aggregates.
  • Eaton (ETN) for the physical 'bones' of railroads, bridges, and utilities.

AI Analysis | Feedback

  • Rail Products & Services: Provides a comprehensive range of rail, trackwork, friction management systems, and related services for global rail and transit industries.
  • Precast Concrete Products: Manufactures and supplies diverse precast concrete solutions, including drainage, utility, and infrastructure components.
  • Steel Piling & Construction Products: Offers steel piling, bridge decking, bridge railing, and other fabricated steel products primarily for infrastructure and construction projects.
  • Custom Fabrication: Engages in the custom manufacturing of steel and aluminum components for various infrastructure, marine, and industrial applications.

AI Analysis | Feedback

L.B. Foster (FSTR) primarily sells to other companies (Business-to-Business, or B2B), rather than directly to individuals. While L.B. Foster generally does not disclose any single customer accounting for 10% or more of its consolidated net sales, its customer base consists of companies operating in major infrastructure sectors. The company's major customers can be broadly categorized as follows, with examples of public companies that represent these customer types: * **Railroad and Transit Operators:** These customers purchase a wide range of rail products, including new and used rail, rail accessories, concrete ties, and trackwork components. * **Examples of public companies:** * Union Pacific Corporation (UNP) * CSX Corporation (CSX) * Norfolk Southern Corporation (NSC) * BNSF Railway (a subsidiary of Berkshire Hathaway Inc. - BRK.A, BRK.B) * **Heavy Civil Construction Companies:** These companies are customers for L.B. Foster's construction products, such as piling, bridge products, and precast concrete products used in infrastructure projects. * **Examples of public companies involved in large infrastructure projects (often as prime contractors or engineering firms, which may then procure products from suppliers like FSTR):** * Fluor Corporation (FLR) * AECOM (ACM) * **Energy and Utility Companies:** These customers primarily procure pipe, tubular products, and measurement systems for oil & gas transmission, distribution, and storage applications. * **Examples of public companies:** * Kinder Morgan, Inc. (KMI)

AI Analysis | Feedback

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AI Analysis | Feedback

John F. Kasel
President and Chief Executive Officer
Mr. Kasel joined L.B. Foster in 2003 as Vice President – Operations and Manufacturing. He has since held various roles of increasing responsibility, including Senior Vice President and Chief Operating Officer from December 2019, Senior Vice President – Rail & Construction from 2017 to December 2019, and Senior Vice President – Rail Products & Services from 2012 to 2017. In his early tenure, he introduced LEAN manufacturing and other advancements to improve operating efficiency. Prior to L.B. Foster, Mr. Kasel served as Vice President of Operations for Mammoth, Inc., and held management positions at Robertshaw Controls and Shizuki America.

William M. Thalman
Executive Vice President and Chief Financial Officer
Mr. Thalman joined L.B. Foster in 2021 as Senior Vice President and Chief Financial Officer. He brings extensive experience from Kennametal, Inc., a publicly-traded corporation, where he was employed since 2004. At Kennametal, he served in various senior finance and operating roles, including Vice President – Advanced Material Solutions and Vice President – Transformation Office. His previous responsibilities also included Vice President – Finance Infrastructure, Director of Finance – M&A and Planning, and Assistant Corporate Controller. Before Kennametal, Mr. Thalman held positions in treasury, investor relations, and financial reporting, and began his career in public accounting at Coopers & Lybrand (now PriceWaterhouseCoopers).

Brian H. Kelly
Executive Vice President, Human Resources and Administration
Mr. Kelly began his career with L.B. Foster in 2006 as Vice President, Human Resources, and has progressed to his current role. He previously served in various HR leadership roles at both public and private companies before joining L.B. Foster. His responsibilities include Human Resources, Strategic Planning, Corporate Marketing, Environmental, Health and Safety, Real Estate and Facilities, and Continuous Sustainable Improvement.

Patrick J. Guinee
Executive Vice President, General Counsel and Corporate Secretary
Mr. Guinee joined L.B. Foster in 2014 as Vice President, General Counsel and Corporate Secretary. In this role, he provides leadership for legal matters and public company governance requirements, including compliance with SEC regulations and structuring policy for governance, ethics, and risk management. Prior to L.B. Foster, he held corporate governance and assistant secretary roles at publicly traded companies.

Brian Hunter Friedman
Executive Vice President and Chief Growth Officer
Mr. Friedman serves as Executive Vice President and Chief Growth Officer, having previously held the position of Senior Vice President – Steel Products and Special Projects. He joined L.B. Foster in May 2019, initially leading the company's Protective Coatings business and later providing sales and operations leadership for an expanding portfolio of infrastructure-focused businesses. Before joining L.B. Foster, Mr. Friedman worked at ABB, a global infrastructure technology company, from 2012 to 2019, where he held commercial and operations leadership roles, including Director of Global Product Management. He also worked at Hunter Fan Company in R&D, engineering management, and operations.

AI Analysis | Feedback

The key risks to L.B. Foster's business operations include a challenging rail market, the cyclical nature of infrastructure spending, and pressures on profitability and margins.

  1. Declining Rail Market and Pricing Pressures: L.B. Foster faces significant headwinds in the domestic rail market, characterized by lower volumes due to delayed infrastructure projects and intense pricing pressures from competitors. This has led to a decline in net sales in its rail, technologies, and services segment, which constitutes approximately 55% of the company's sales, and has negatively impacted gross profit. The necessity for L.B. Foster to lower pricing to maintain market share suggests a lack of strong differentiating factors in a competitive environment.
  2. Reliance on Cyclical Infrastructure Spending and Project Delays: The company's business is heavily tied to infrastructure development and maintenance, making it susceptible to the cyclical nature of these markets and a reliance on government funding. This dependence introduces ongoing risk to revenue predictability. Additionally, L.B. Foster has experienced a reduction in its backlog, partly due to divestitures and discontinued product lines, but also from lower sales volumes in rail products and delayed infrastructure projects. This decline in backlog indicates potential future revenue challenges.
  3. Profitability and Margin Challenges: L.B. Foster has encountered difficulties in consistently maintaining and improving its profitability and margins. The company has reported declining adjusted EBITDA and pressures on both gross and net margins. Specifically, a decline in profitability has been attributed to reduced margins in the Precast Concrete segment within Infrastructure, and slightly lower margins in the Rail segment due to volume-timing issues. The operating margin has also shown a declining trend over the past five years.

AI Analysis | Feedback

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AI Analysis | Feedback

L.B. Foster (FSTR) operates in several key markets, primarily categorized into Rail, Precast Concrete Products, and Steel Products & Measurement.

Rail, Technologies & Services Segment

This segment provides a wide array of products and services including new and used rail, rail accessories, friction management systems, railroad condition monitoring equipment, and engineered concrete railroad ties.

  • The global rail components market size was estimated at USD 82.01 billion in 2025 and is projected to reach USD 98.77 billion by 2030, with a compound annual growth rate (CAGR) of 3.79%.
  • The North America rail transport market size was valued at USD 84.82 billion in 2024 and is projected to reach USD 128.11 billion by 2031, growing at a CAGR of 4.31%.
  • The North America rail infrastructure market size was valued at USD 114.31 billion in 2021 and is projected to grow to USD 162.72 billion by 2029, exhibiting a CAGR of 4.52%. The U.S. alone accounted for USD 92.65 billion of this market in 2021.

Precast Concrete Products Segment

L.B. Foster's offerings in this segment include specialty precast concrete products such as sound walls, burial vaults, bridge beams, box culverts, septic tanks, and precast concrete buildings.

  • The global precast concrete market size was estimated at USD 105.72 billion in 2023 and is projected to reach USD 156.13 billion by 2030, with a CAGR of 5.8%.
  • In North America, the precast concrete market is anticipated to be USD 30.70 billion in 2025. The U.S. market is expected to reach USD 27.81 billion in 2025.

Steel Products & Measurement Segment

This segment includes fabricated bridge products (like bridge decking, railing, and expansion joints), structural steel fabrications, threaded pipe products, and protective pipe coatings.

  • The global structural steel market size was valued at USD 106.4 billion in 2022 and is projected to reach USD 177.4 billion by 2032, growing at a CAGR of 5.3%.
  • The global bridge construction market was estimated at US$822.8 billion in 2024 and is projected to reach US$1.1 trillion by 2030, growing at a CAGR of 4.7%.
  • The North America bridge construction market was valued at USD 40.32 billion in 2024 and is expected to reach USD 62.16 billion by 2030, with a CAGR of 7.48%.
  • The U.S. bridge and elevated highway construction market size was USD 16.1 billion in 2024 and is projected to grow by 5.4% during 2025–2032, reaching USD 24.3 billion by 2032.

AI Analysis | Feedback

L.B. Foster (FSTR) is expected to drive future revenue growth over the next 2-3 years through several key initiatives and market trends:

  • Growth in Backlog and New Orders: The company has reported a significant increase in its backlog, particularly within the Rail segment. In the third quarter of 2025, the backlog rose 18.4% year-over-year to $247.4 million, with the Rail segment's backlog increasing by 58.2%. New orders also saw a substantial rise of 19.6% year-over-year, and a trailing twelve-month book-to-bill ratio of 1.08:1 indicates strong demand for its products and services. This elevated backlog is anticipated to translate into robust sales growth, with a projected 25% increase in sales for the fourth quarter of 2025.
  • Continued Strength in the Infrastructure Segment: L.B. Foster's Infrastructure segment has consistently demonstrated sales growth. In the third quarter of 2025, the segment's sales increased by 4.4%, driven notably by a 12.7% rise in steel products. The Precast Concrete business within Infrastructure also contributed to growth, showing a 1.4% increase in sales volumes. Earlier in 2025, the Infrastructure segment's sales grew 5% due to strong demand in the Precast Concrete business.
  • Expansion in Advanced Rail Technologies: Specific growth areas within the Rail segment are showing strong performance, contributing to future revenue. Notably, friction management solutions saw a 9% increase, and total track monitoring sales surged by approximately 135% in the third quarter of 2025. These areas represent key technological advancements and market penetration opportunities for the company.
  • Strategic Focus on Organic Growth and Targeted Acquisitions: L.B. Foster is prioritizing organic growth initiatives across its various platforms. Management has indicated a commitment to investing capital in its facilities to support these programs. Additionally, the company actively evaluates opportunities for tuck-in acquisitions that align with its growth platforms, aiming to expand product line breadth and geographic coverage. These strategic efforts are expected to accelerate profitability and revenue expansion in the coming years.

AI Analysis | Feedback

Share Repurchases

  • L.B. Foster's Board of Directors authorized a new 3-year $40.0 million stock repurchase program on March 3, 2025, which is valid through February 29, 2028. This program replaced a previous $15.0 million authorization that expired at the end of February 2025.
  • During 2024, the company repurchased 300,302 shares. Through the end of the second quarter of 2024, approximately 1.9% of outstanding shares were repurchased for $4.0 million, with $11.0 million remaining from the original $15 million authorization.
  • In the third quarter of 2025, L.B. Foster repurchased approximately 184,000 shares of its stock for $4.7 million. Since the inception of the repurchase program in early 2023, the company has repurchased approximately 896,000 shares, representing over 8% of outstanding shares.

Share Issuance

  • No information regarding significant share issuances (e.g., equity offerings) by L.B. Foster over the last 3-5 years is available in the provided search results.

Inbound Investments

  • No information regarding large investments made in L.B. Foster by third-parties (e.g., strategic partners or private equity firms) over the last 3-5 years is available in the provided search results.

Outbound Investments

  • L.B. Foster acquired Intelligent Video and Skratch Enterprises in August 2022.
  • Skratch, a manufacturer of digital signage, was acquired for $7.4 million in June 2022.
  • The company also mentions past acquisitions of VanHooseCo Precast LLC and Cougar Mountain Precast, LLC businesses in the context of realizing anticipated benefits.

Capital Expenditures

  • Capital expenditures for the nine months ended September 30, 2025, and 2024, were $8.057 million and $7.834 million, respectively.
  • These expenditures primarily focus on general plant and operational improvements throughout the company, as well as organic growth initiatives, including investments in a new Precast Concrete facility in Lake County, Florida.
  • For 2025, capital expenditures are expected to represent approximately 2.0% of sales. The company generally aims for capital spending at approximately 1.5% to 2% of sales long-term, with slightly elevated spending in 2024 for growth platforms.

Better Bets than L.B. Foster (FSTR)

Latest Trefis Analyses

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Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
CNM_11212025_Dip_Buyer_FCFYield11212025CNMCore & MainDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
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VRRM_11212025_Dip_Buyer_FCFYield11212025VRRMVerra MobilityDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
5.5%5.5%-1.2%
LII_11212025_Dip_Buyer_ValueBuy11212025LIILennox InternationalDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
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ADP_11212025_Monopoly_xInd_xCD_Getting_Cheaper11212025ADPAutomatic Data ProcessingMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
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CW_11212025_Quality_Momentum_RoomToRun_10%11212025CWCurtiss-WrightQualityQ | Momentum | UpsideQuality Stocks with Momentum and Upside
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Peer Comparisons for L.B. Foster

Peers to compare with:

Financials

FSTRHPQHPEIBMCSCOAAPLMedian
NameL.B. Fos.HP Hewlett .Internat.Cisco Sy.Apple  
Mkt Price28.4623.2624.49305.0978.16273.4053.31
Mkt Cap0.321.932.6284.9309.24,074.4158.8
Rev LTM50855,29534,29665,40257,696408,62556,496
Op Inc LTM173,6241,64411,54412,991130,2147,584
FCF LTM282,80062711,85412,73396,1847,327
FCF 3Y Avg192,9781,40011,75313,879100,5037,366
CFO LTM383,6972,91913,48313,744108,5658,590
CFO 3Y Avg273,6723,89613,49814,736111,5598,697

Growth & Margins

FSTRHPQHPEIBMCSCOAAPLMedian
NameL.B. Fos.HP Hewlett .Internat.Cisco Sy.Apple  
Rev Chg LTM-5.5%3.2%13.8%4.5%8.9%6.0%5.2%
Rev Chg 3Y Avg2.8%-3.9%6.5%2.6%3.7%1.8%2.7%
Rev Chg Q0.6%4.2%14.4%9.1%7.5%9.6%8.3%
QoQ Delta Rev Chg LTM0.2%1.1%3.7%2.1%1.8%2.1%2.0%
Op Mgn LTM3.4%6.6%4.8%17.7%22.5%31.9%12.1%
Op Mgn 3Y Avg2.7%7.4%7.2%16.4%24.2%30.8%11.9%
QoQ Delta Op Mgn LTM0.2%-0.2%-1.4%0.6%0.4%0.1%0.1%
CFO/Rev LTM7.4%6.7%8.5%20.6%23.8%26.6%14.6%
CFO/Rev 3Y Avg5.2%6.8%12.7%21.4%26.1%28.4%17.1%
FCF/Rev LTM5.5%5.1%1.8%18.1%22.1%23.5%11.8%
FCF/Rev 3Y Avg3.5%5.5%4.6%18.6%24.6%25.6%12.1%

Valuation

FSTRHPQHPEIBMCSCOAAPLMedian
NameL.B. Fos.HP Hewlett .Internat.Cisco Sy.Apple  
Mkt Cap0.321.932.6284.9309.24,074.4158.8
P/S0.60.41.04.45.410.02.7
P/EBIT18.46.819.925.122.531.321.2
P/E60.38.6572.736.029.941.038.5
P/CFO7.85.911.221.122.537.516.2
Total Yield1.7%14.1%2.3%5.0%5.4%2.8%3.9%
Dividend Yield0.0%2.5%2.1%2.2%2.1%0.4%2.1%
FCF Yield 3Y Avg7.8%10.6%5.5%6.4%6.0%3.1%6.2%
D/E0.30.50.70.20.10.00.3
Net D/E0.30.30.60.20.00.00.2

Returns

FSTRHPQHPEIBMCSCOAAPLMedian
NameL.B. Fos.HP Hewlett .Internat.Cisco Sy.Apple  
1M Rtn5.5%-3.6%12.7%-1.1%1.6%-2.0%0.2%
3M Rtn3.4%-11.9%2.7%7.9%17.0%7.1%5.2%
6M Rtn28.7%-4.0%34.5%6.6%15.2%36.3%22.0%
12M Rtn6.5%-27.0%16.2%40.5%34.5%7.5%11.8%
3Y Rtn198.1%-3.7%67.3%141.3%79.6%114.1%96.9%
1M Excs Rtn5.1%-5.6%12.9%-2.2%-0.0%-3.7%-1.1%
3M Excs Rtn-0.9%-16.2%-1.7%3.6%12.7%2.8%0.9%
6M Excs Rtn16.5%-16.3%22.3%-5.7%3.0%24.0%9.7%
12M Excs Rtn-7.5%-42.9%-0.7%25.0%19.9%-8.4%-4.1%
3Y Excs Rtn112.7%-83.5%-11.2%59.6%-1.2%28.4%13.6%

Financials

Segment Financials

Assets by Segment
$ Mil20242023202220212020
Rail, Technologies, and Services157172172161186
Infrastructure Solutions131  138131
Corporate2630647188
Precast Concrete Products 10949  
Steel Products and Measurement 5558  
Total313365343370405


Price Behavior

Price Behavior
Market Price$28.46 
Market Cap ($ Bil)0.3 
First Trading Date03/26/1990 
Distance from 52W High-2.1% 
   50 Days200 Days
DMA Price$27.10$23.53
DMA Trendindeterminateindeterminate
Distance from DMA5.0%21.0%
 3M1YR
Volatility33.7%42.0%
Downside Capture30.01149.88
Upside Capture39.69133.10
Correlation (SPY)29.9%57.1%
FSTR Betas & Captures as of 11/30/2025

 1M2M3M6M1Y3Y
Beta0.930.760.991.571.251.00
Up Beta1.781.511.762.251.201.10
Down Beta0.450.900.761.051.000.91
Up Capture72%44%83%206%162%128%
Bmk +ve Days12253873141426
Stock +ve Days7182965119386
Down Capture80%54%91%130%129%96%
Bmk -ve Days7162452107323
Stock -ve Days12233359127354

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
 Comparison of FSTR With Other Asset Classes (Last 1Y)
 FSTRSector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return7.9%19.3%17.8%72.1%8.6%4.4%-8.2%
Annualized Volatility41.9%18.8%19.4%19.3%15.2%17.0%35.0%
Sharpe Ratio0.290.800.722.700.340.09-0.08
Correlation With Other Assets 57.9%57.2%0.9%14.2%42.3%28.1%

ETFs used for asset classes: Sector ETF = XLI, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
 Comparison of FSTR With Other Asset Classes (Last 5Y)
 FSTRSector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return13.3%13.8%14.7%18.7%11.5%4.6%30.8%
Annualized Volatility40.3%17.2%17.1%15.5%18.7%18.9%48.6%
Sharpe Ratio0.430.650.700.970.500.160.57
Correlation With Other Assets 35.5%31.6%3.0%10.9%20.6%15.0%

ETFs used for asset classes: Sector ETF = XLI, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
 Comparison of FSTR With Other Asset Classes (Last 10Y)
 FSTRSector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return8.2%13.5%14.8%15.3%7.0%5.3%69.2%
Annualized Volatility50.5%19.9%18.0%14.7%17.6%20.8%55.8%
Sharpe Ratio0.360.600.710.860.320.220.90
Correlation With Other Assets 44.7%39.0%-0.8%21.1%29.2%12.5%

ETFs used for asset classes: Sector ETF = XLI, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date12152025
Short Interest: Shares Quantity168,772
Short Interest: % Change Since 1130202512.0%
Average Daily Volume33,014
Days-to-Cover Short Interest5.11
Basic Shares Quantity10,356,000
Short % of Basic Shares1.6%

Earnings Returns History

Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
3/4/2025-12.3%-23.1%-22.4%
11/7/2024-3.7%10.8%36.5%
8/6/2024-19.7%-10.9%-7.1%
3/5/2024-8.0%-7.5%11.5%
11/7/2023-4.8%-4.5%-7.6%
8/8/20236.3%24.1%25.2%
3/6/2023-0.2%-1.3%-7.3%
11/8/20221.3%15.8%-18.5%
...
SUMMARY STATS   
# Positive579
# Negative161412
Median Positive2.4%9.9%11.5%
Median Negative-4.5%-4.7%-7.4%
Max Positive6.3%24.1%36.5%
Max Negative-19.7%-23.1%-33.9%

SEC Filings

Expand for More
Report DateFiling DateFiling
93020251103202510-Q 9/30/2025
6302025811202510-Q 6/30/2025
3312025506202510-Q 3/31/2025
12312024307202510-K 12/31/2024
93020241107202410-Q 9/30/2024
6302024806202410-Q 6/30/2024
3312024507202410-Q 3/31/2024
12312023306202410-K 12/31/2023
93020231107202310-Q 9/30/2023
6302023808202310-Q 6/30/2023
3312023510202310-Q 3/31/2023
12312022310202310-K 12/31/2022
93020221108202210-Q 9/30/2022
6302022809202210-Q 6/30/2022
3312022510202210-Q 3/31/2022
12312021302202210-K 12/31/2021