LB Foster (FSTR) financial statements
LB Foster reported revenue of $540M in fiscal 2025, up 1.2% a year over 9 years.
Net income was $8M and the operating margin 4.1%, against -27.7% in 2016.
Free cash flow was $25M, and the company returned $17M in net buybacks.
The diluted share count rose 6% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from LB Foster's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $484M | $536M | $581M | $616M | $497M | $514M | $497M | $544M | $531M | $540M |
| Cost of revenue | $393M | $431M | $468M | $495M | $402M | $427M | $408M | $432M | $413M | $426M |
| Gross profit | $90M | $105M | $113M | $121M | $95M | $86M | $90M | $112M | $118M | $114M |
| Research and development | $4M | $2M | $3M | $3M | $3M | $2M | $2M | $3M | $3M | $4M |
| Selling, general and admin | $86M | $81M | $83M | $83M | $74M | $76M | $83M | $98M | $96M | $89M |
| Operating income | -$134M | $29M | $39M | $37M | $16M | $4M | -$7M | $9M | $21M | $22M |
| Interest expense | $7M | $8M | $6M | $5M | $4M | $3M | $3M | $6M | — | — |
| Pre-tax income | -$147M | $10M | -$25M | $24M | $14M | $5M | -$9M | $944,000 | $14M | $17M |
| Income tax | -$6M | $5M | $6M | -$24M | -$12M | $1M | $37M | -$355,000 | -$28M | $10M |
| Net income | -$142M | $5M | -$31M | $43M | $8M | $4M | -$46M | $1M | $43M | $8M |
| EPS (diluted) | -$13.79 | $0.51 | -$3.01 | $4.00 | $0.71 | $0.34 | -$4.25 | $0.13 | $3.89 | $0.69 |
| Diluted shares | 10M | 10M | 10M | 11M | 11M | 11M | 11M | 11M | 11M | 11M |
| Gross margin | 18.7% | 19.6% | 19.5% | 19.6% | 19.1% | 16.8% | 18.0% | 20.6% | 22.2% | 21.1% |
| Operating margin | -27.7% | 5.3% | 6.7% | 5.9% | 3.1% | 0.9% | -1.4% | 1.7% | 3.9% | 4.1% |
| Net margin | -29.3% | 1.0% | -5.4% | 6.9% | 1.5% | 0.7% | -9.2% | 0.3% | 8.1% | 1.4% |
Balance sheet
Fiscal years, from LB Foster's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $30M | $38M | $10M | $14M | $8M | $10M | $3M | $3M | $2M | $4M |
| Receivables | $63M | $72M | $82M | $73M | $58M | $56M | — | — | — | — |
| Inventory | $83M | $103M | $125M | $118M | $79M | $63M | $76M | $73M | $71M | $60M |
| Total current assets | $200M | $226M | $227M | $217M | $195M | $179M | $206M | $167M | $162M | $157M |
| Property, plant and equipment | $104M | $96M | $87M | $82M | $62M | $58M | $85M | $76M | $75M | $77M |
| Goodwill | $19M | $20M | $19M | $20M | $20M | $20M | $31M | $33M | $32M | $33M |
| Total assets | $393M | $402M | $383M | $405M | $370M | $343M | $365M | $312M | $335M | $330M |
| Total current liabilities | $82M | $94M | $124M | $117M | $95M | $86M | $103M | $95M | $88M | $84M |
| Long-term debt | $149M | $129M | $74M | $55M | $45M | $31M | $92M | $55M | $47M | $43M |
| Total liabilities | $260M | $247M | $261M | $235M | $194M | $159M | $228M | $170M | $156M | $154M |
| Shareholders' equity | $133M | $154M | $122M | $170M | $177M | $183M | $137M | $142M | $178M | $175M |
| Net debt | $119M | $92M | $64M | $41M | $37M | $21M | $89M | $53M | $44M | $38M |
Cash flow
Fiscal years, from LB Foster's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $18M | $39M | $26M | $29M | $21M | -$810,000 | -$11M | $37M | $23M | $36M |
| Capital spending | $8M | $6M | $4M | $6M | $9M | $5M | $8M | $5M | $10M | $10M |
| Free cash flow | $11M | $33M | $22M | $23M | $11M | -$5M | -$18M | $32M | $13M | $25M |
| Stock-based compensation | $1M | $2M | $4M | $3M | $1M | $2M | $2M | $4M | $4M | $5M |
| Dividends paid | $1M | $0 | — | — | — | — | — | — | — | — |
| Share buybacks (net) | -$342,000 | -$103,000 | -$316,000 | -$621,000 | -$2M | -$732,000 | -$410,000 | -$3M | -$8M | -$17M |
| Free cash flow margin | 2.2% | 6.2% | 3.8% | 3.8% | 2.3% | -1.1% | -3.7% | 6.0% | 2.4% | 4.7% |
| Dividends per share | $0.12 | — | — | — | — | — | — | — | — | — |
Every line, every quarterThe deep dive has fifteen-plus years of statements, quarterly results, charts and valuation models for FSTR.
Open FSTR in InvestinglyQuestions
What was LB Foster's revenue in 2025?
$540M in fiscal 2025, from its 10-K filing.
How much free cash flow does LB Foster generate?
$25M in fiscal 2025 (operating cash flow minus capital spending).
From LB Foster's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.