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Side-by-side financial comparison of AMERICAN STATES WATER CO (AWR) and FOSTER L B CO (FSTR). Click either name above to swap in a different company.

AMERICAN STATES WATER CO is the larger business by last-quarter revenue ($164.3M vs $160.4M, roughly 1.0× FOSTER L B CO). AMERICAN STATES WATER CO runs the higher net margin — 17.5% vs 1.5%, a 16.0% gap on every dollar of revenue. On growth, FOSTER L B CO posted the faster year-over-year revenue change (25.1% vs 14.8%). FOSTER L B CO produced more free cash flow last quarter ($19.8M vs $-36.0M). Over the past eight quarters, FOSTER L B CO's revenue compounded faster (13.6% CAGR vs 10.2%).

American Water is an American public utility company that, through its subsidiaries, provides water and wastewater services in the United States.

Foster L B Co. is a U.S.-headquartered industrial manufacturing firm that develops, produces and distributes engineered access solutions, construction components, and rail infrastructure products. It serves commercial construction, transportation, and industrial end markets across North America and selected international regions.

AWR vs FSTR — Head-to-Head

Bigger by revenue
AWR
AWR
1.0× larger
AWR
$164.3M
$160.4M
FSTR
Growing faster (revenue YoY)
FSTR
FSTR
+10.3% gap
FSTR
25.1%
14.8%
AWR
Higher net margin
AWR
AWR
16.0% more per $
AWR
17.5%
1.5%
FSTR
More free cash flow
FSTR
FSTR
$55.8M more FCF
FSTR
$19.8M
$-36.0M
AWR
Faster 2-yr revenue CAGR
FSTR
FSTR
Annualised
FSTR
13.6%
10.2%
AWR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AWR
AWR
FSTR
FSTR
Revenue
$164.3M
$160.4M
Net Profit
$28.7M
$2.4M
Gross Margin
88.9%
19.7%
Operating Margin
27.4%
4.9%
Net Margin
17.5%
1.5%
Revenue YoY
14.8%
25.1%
Net Profit YoY
1.1%
1098.3%
EPS (diluted)
$0.74
$0.22

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AWR
AWR
FSTR
FSTR
Q4 25
$164.3M
$160.4M
Q3 25
$182.7M
$138.3M
Q2 25
$163.1M
$143.6M
Q1 25
$148.0M
$97.8M
Q4 24
$143.1M
$128.2M
Q3 24
$161.8M
$137.5M
Q2 24
$155.3M
$140.8M
Q1 24
$135.3M
$124.3M
Net Profit
AWR
AWR
FSTR
FSTR
Q4 25
$28.7M
$2.4M
Q3 25
$41.2M
$4.4M
Q2 25
$33.7M
$2.9M
Q1 25
$26.8M
$-2.1M
Q4 24
$28.4M
$-242.0K
Q3 24
$35.8M
$35.9M
Q2 24
$31.9M
$2.8M
Q1 24
$23.1M
$4.4M
Gross Margin
AWR
AWR
FSTR
FSTR
Q4 25
88.9%
19.7%
Q3 25
91.0%
22.5%
Q2 25
92.1%
21.5%
Q1 25
91.3%
20.6%
Q4 24
92.4%
22.3%
Q3 24
92.7%
23.8%
Q2 24
89.6%
21.7%
Q1 24
88.4%
21.1%
Operating Margin
AWR
AWR
FSTR
FSTR
Q4 25
27.4%
4.9%
Q3 25
33.8%
6.0%
Q2 25
31.3%
5.3%
Q1 25
30.8%
-2.0%
Q4 24
27.0%
2.4%
Q3 24
34.0%
5.3%
Q2 24
33.3%
3.2%
Q1 24
28.8%
4.5%
Net Margin
AWR
AWR
FSTR
FSTR
Q4 25
17.5%
1.5%
Q3 25
22.5%
3.1%
Q2 25
20.7%
2.0%
Q1 25
18.1%
-2.2%
Q4 24
19.9%
-0.2%
Q3 24
22.1%
26.1%
Q2 24
20.5%
2.0%
Q1 24
17.1%
3.6%
EPS (diluted)
AWR
AWR
FSTR
FSTR
Q4 25
$0.74
$0.22
Q3 25
$1.06
$0.40
Q2 25
$0.87
$0.27
Q1 25
$0.70
$-0.20
Q4 24
$0.75
$-0.04
Q3 24
$0.95
$3.27
Q2 24
$0.85
$0.26
Q1 24
$0.62
$0.40

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AWR
AWR
FSTR
FSTR
Cash + ST InvestmentsLiquidity on hand
$18.8M
$4.3M
Total DebtLower is stronger
$782.7M
$42.6M
Stockholders' EquityBook value
$1.0B
$175.3M
Total Assets
$2.7B
$330.4M
Debt / EquityLower = less leverage
0.75×
0.24×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AWR
AWR
FSTR
FSTR
Q4 25
$18.8M
$4.3M
Q3 25
$26.1M
$3.4M
Q2 25
$20.2M
$4.2M
Q1 25
$21.2M
$2.6M
Q4 24
$26.7M
$2.5M
Q3 24
$16.5M
$3.1M
Q2 24
$3.6M
$4.0M
Q1 24
$17.0M
$3.1M
Total Debt
AWR
AWR
FSTR
FSTR
Q4 25
$782.7M
$42.6M
Q3 25
$58.6M
Q2 25
$81.4M
Q1 25
$82.3M
Q4 24
$640.4M
$46.8M
Q3 24
$68.4M
Q2 24
$87.0M
Q1 24
$77.9M
Stockholders' Equity
AWR
AWR
FSTR
FSTR
Q4 25
$1.0B
$175.3M
Q3 25
$1.0B
$174.8M
Q2 25
$972.5M
$174.4M
Q1 25
$956.4M
$170.8M
Q4 24
$920.1M
$178.3M
Q3 24
$879.5M
$181.9M
Q2 24
$833.5M
$147.1M
Q1 24
$800.5M
$144.6M
Total Assets
AWR
AWR
FSTR
FSTR
Q4 25
$2.7B
$330.4M
Q3 25
$2.7B
$333.9M
Q2 25
$2.6B
$349.9M
Q1 25
$2.5B
$342.8M
Q4 24
$2.5B
$334.6M
Q3 24
$2.4B
$344.5M
Q2 24
$2.3B
$333.3M
Q1 24
$2.3B
$326.4M
Debt / Equity
AWR
AWR
FSTR
FSTR
Q4 25
0.75×
0.24×
Q3 25
0.33×
Q2 25
0.47×
Q1 25
0.48×
Q4 24
0.70×
0.26×
Q3 24
0.38×
Q2 24
0.59×
Q1 24
0.54×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AWR
AWR
FSTR
FSTR
Operating Cash FlowLast quarter
$27.7M
$22.2M
Free Cash FlowOCF − Capex
$-36.0M
$19.8M
FCF MarginFCF / Revenue
-21.9%
12.3%
Capex IntensityCapex / Revenue
38.8%
1.5%
Cash ConversionOCF / Net Profit
0.96×
9.18×
TTM Free Cash FlowTrailing 4 quarters
$-7.1M
$25.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AWR
AWR
FSTR
FSTR
Q4 25
$27.7M
$22.2M
Q3 25
$92.4M
$29.2M
Q2 25
$64.6M
$10.4M
Q1 25
$45.1M
$-26.1M
Q4 24
$64.5M
$24.3M
Q3 24
$63.7M
$24.7M
Q2 24
$24.7M
$-5.0M
Q1 24
$45.8M
$-21.4M
Free Cash Flow
AWR
AWR
FSTR
FSTR
Q4 25
$-36.0M
$19.8M
Q3 25
$37.7M
$26.4M
Q2 25
$13.7M
$7.7M
Q1 25
$-22.5M
$-28.7M
Q4 24
$6.0M
$22.3M
Q3 24
$-478.0K
$21.7M
Q2 24
$-37.0M
$-7.0M
Q1 24
$-1.7M
$-24.2M
FCF Margin
AWR
AWR
FSTR
FSTR
Q4 25
-21.9%
12.3%
Q3 25
20.7%
19.1%
Q2 25
8.4%
5.4%
Q1 25
-15.2%
-29.4%
Q4 24
4.2%
17.4%
Q3 24
-0.3%
15.8%
Q2 24
-23.8%
-5.0%
Q1 24
-1.3%
-19.4%
Capex Intensity
AWR
AWR
FSTR
FSTR
Q4 25
38.8%
1.5%
Q3 25
29.9%
2.0%
Q2 25
31.2%
1.9%
Q1 25
45.6%
2.6%
Q4 24
40.9%
1.5%
Q3 24
39.7%
2.2%
Q2 24
39.8%
1.5%
Q1 24
35.2%
2.2%
Cash Conversion
AWR
AWR
FSTR
FSTR
Q4 25
0.96×
9.18×
Q3 25
2.24×
6.70×
Q2 25
1.92×
3.61×
Q1 25
1.68×
Q4 24
2.27×
Q3 24
1.78×
0.69×
Q2 24
0.78×
-1.74×
Q1 24
1.98×
-4.83×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AWR
AWR

Water Service Utility Operations$110.0M67%
Public Utilities Inventory Water$22.3M14%
Wastewater$15.9M10%
Electric Service Utility Operations$15.2M9%

FSTR
FSTR

Rail Technologies And Services Segment$98.0M61%
Over Time Output Method$26.3M16%
Services$19.4M12%
Rail Technologies Products$10.0M6%
Over Time Input Method$8.3M5%

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