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L. B. Foster CompanyFSTRCompetitor analysis, valuation and peers

United States · USD·Industrials›Trucks/Construction/Farm Machinery
Momentum strong 61
Mkt cap
$418M
US dollars, full cap
Free float
91%
of shares outstanding
$/day
$1.67M
20-day average traded
Fwd P/E
21.6×
forward earnings
ROIC−WACC
-0.4 pp
WACC 10.1%
Hurdle
+10 pp
Req g minus delivered
Next earnings
123 days
9 Mar 2027
Close · USD$39.75
1D+1.7%
1W+10.9%
1M+12.2%
3M+0.4%
6M-6.0%
YTD+47.5%
1Y+43.0%
ATR %3.6%
Beta1.03
52w lowhigh13.2% off high

What L. B. Foster does

Employees: 1,191

L. B. Foster at a glance

Size L. B. Foster (FSTR) is a United States Industrials company (Trucks/Construction/Farm Machinery) with a market value of $418M, the 2823rd largest of 3,117 United States companies the cockpit tracks. Shares closed at $39.75 on 6 Nov 2026.

Performance Over six months the shares fell 6.0%, against -25.6% for the median peer and -1.1% for the United States market (cap-weighted) — 5th highest of 21 in its peer set.

Growth Revenue grew 15.8% over the last twelve months (peer median +5.7%); the operating margin is 4.8% (peer median 6.1%).

Valuation It trades at 21.6× forward earnings against a peer median of 16.7× (3rd most expensive of 10).

Price implies For today's price to make sense, revenue must grow about 12% a year for seven years (Req g). Recent delivered growth is +2%, so the hurdle is +10 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.

Capital Return on invested capital runs 0.4 points below its cost of capital (10.1% WACC).

Backlog Backlog (remaining performance obligations) was $235M at 30 Sep 2026, down 5% on a year earlier — 0.4 years of trailing revenue. Backlog detail →

Short interest Short interest is 2.2% of the free float (15 Oct 2026).

Next results Next results expected around 9 Mar 2027 (exchange calendar; dates can move).

Relative performance

8010011 May 202611 Aug 20266 Nov 2026FSTR 97Peer median 75
Six months, rebased to 100: L. B. Foster against the median of its 20 peers (local-currency closes).

L. B. Foster financials

Reported figures in USD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue$588M$540M$531M$544M$497M
Revenue growth—+2%-2%+9%—
Gross profit$121M$112M$113M$107M$83.5M
EBITDA$39.8M$37.9M$31.1M$24.3M$18.4M
Net income$13.8M$7.54M$42.9M$1.46M-$45.6M
Free cash flown/a$25.2M$12.8M$32.4M-$18.2M
Capital expendituren/a$10.4M$9.79M$4.51M$7.63M
Total debt$50.0M$71.4M$65.4M$70.2M$109M

Quarterly statements and history in the cockpit →

L. B. Foster competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-40%-20%0%-20%-10%0%+10%077970002972603280WNCTEXRAIL001226079900688015301533300879600218KARNEL-B0012253002100009036753636406937226VSTTILLERSFSTR6-month return →1-month return →
Up and to the right = strong over both horizons. L. B. Foster is the large dot.

Fundamentals: revenue growth against valuation

-10%0%+10%+20%+30%10×20×077970TEXRAIL079900688015KARNEL-B675363647226VSTTILLERSFSTRRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. L. B. Foster is the large dot.

Capital: growth delivered against growth the price implies

0%+20%+40%0%20%40%002972603280TEXRAIL079900688015600218KARNEL-B001225VSTTILLERSFSTRGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. L. B. Foster is the large dot.

L. B. Foster competitors and peer comparison

How L. B. Foster compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

L. B. Foster against its 20 peers (data as of 6 Nov 2026)
MeasureFSTRPeer medianRank in peer set
1-month return+12.2%-11.9%highest of 21
6-month return-6.0%-25.6%5th highest of 21
Distance from 52-week high-13.2%-42.9%highest of 21
Revenue growth (TTM)+15.8%+5.7%6th highest of 21
Operating margin4.8%6.1%8th lowest of 21
Forward P/E21.6×16.7×3rd most expensive of 10
Growth the price implies (Req g, 7 yrs)11.5%9.1%6th least demanding of 11
Growth delivered (Del g)+1.7%+2.7%6th highest of 11
Hurdle (Req g minus delivered)+9.8 pp+0.9 pp5th most demanding of 11
ROIC minus cost of capital-0.4 pp-1.5 pp10th highest of 21
EV / EBITDA11.6×10.3×4th most expensive of 10
Net debt / EBITDA1.1×1.4×5th least indebted of 11

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
L. B. Foster FSTRUnited States$418M-6%+16%5%21.6×11.5%+1.7%
STX Engine 077970.KSSouth Korea$413M-77%+10%7%6.9×n/an/a
Shenzhen Keanda Electronic Technology 002972.SZChina$405M-18%+20%19%n/a12.2%+0.9%
Fujian South Highway Machinery 603280.SSChina$399M-28%-3%5%n/a15.3%-2.0%
Wabash National WNCUnited States$444M+46%-7%-10%n/an/an/a
Texmaco Rail & Engineering TEXRAIL.NSIndia$452M-9%-14%8%21.9×24.5%+21.0%
Anhui Tuoshan Heavy Industries 001226.SZChina$387M-28%+30%3%n/an/an/a
Junjin Construction & Robot 079900.KSSouth Korea$452M-34%+2%13%19.9×4.5%+15.9%
Traffic Control Technology 688015.SSChina$383M-37%+10%7%18.8×-3.9%+4.5%
Weima Agricultural Machinery 301533.SZChina$383M-15%+20%7%n/an/an/a
Ningbo Daye Garden Machinery 300879.SZChina$457M-37%+8%-4%n/an/an/a
Anhui Quanchai Engine 600218.SSChina$463M-27%+3%-1%n/a-3.7%0.0%
Karnell KARNEL-B.STSweden$465M+8%+28%14%16.7×5.9%+24.2%
Hangzhou Hota M&E 001225.SZChina$469M-32%-2%3%n/a42.5%-10.3%
Anshan Senyuan Road and Bridge 300210.SZChina$471M-40%-36%-24%n/an/an/a
Kunming Yunnei Power 000903.SZChina$474M-23%-13%-23%n/an/an/a
Lungteh Shipbuilding 6753.TWTaiwan$369M-28%+13%25%15.2×n/an/a
Airman 6364.TJapan$368M-1%+2%14%8.8×n/an/a
Tan Chong International 0693.HKHong Kong$367M-2%-7%5%n/a-2.1%-0.5%
Kyokuto Kaihatsu Kogyo 7226.TJapan$481M-25%+15%6%14.3×n/an/a
VST Tillers Tractors VSTTILLERS.NSIndia$359M-24%+17%11%24.8×27.3%+10.2%

L. B. Foster backlog

L. B. Foster reported $235M of remaining performance obligations at 30 Sep 2026, down 5% from a year earlier and down 5% from the previous quarter. That is 0.4 years of trailing revenue already under contract. Book-to-bill last quarter: 0.93.

Questions

Which companies are L. B. Foster's closest peers?
The cockpit's peer set: STX Engine (077970.KS), Shenzhen Keanda Electronic Technology (002972.SZ), Fujian South Highway Machinery (603280.SS), Wabash National (WNC), Texmaco Rail & Engineering (TEXRAIL.NS), Anhui Tuoshan Heavy Industries (001226.SZ), Junjin Construction & Robot (079900.KS), Traffic Control Technology (688015.SS).
Is L. B. Foster expensive compared with its peers?
On forward p/e it trades at 21.6× against a peer median of 16.7×, 3rd most expensive of 10 in its peer set. For today's price to make sense, revenue must grow about 12% a year for seven years (Req g). Recent delivered growth is +2%, so the hurdle is +10 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
How has L. B. Foster stock performed?
Over six months to 6 Nov 2026 the shares returned -6.0% against -25.6% for the median peer; over one year +43.0%.
What is L. B. Foster's backlog?
L. B. Foster's remaining performance obligations (contracted revenue not yet recognised) were $235M at 30 Sep 2026, -5% on a year earlier.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.