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Side-by-side financial comparison of Babcock & Wilcox Enterprises, Inc. (BW) and FOSTER L B CO (FSTR). Click either name above to swap in a different company.

FOSTER L B CO is the larger business by last-quarter revenue ($160.4M vs $113.4M, roughly 1.4× Babcock & Wilcox Enterprises, Inc.). On growth, FOSTER L B CO posted the faster year-over-year revenue change (25.1% vs 0.6%). FOSTER L B CO produced more free cash flow last quarter ($19.8M vs $-7.2M). Over the past eight quarters, FOSTER L B CO's revenue compounded faster (13.6% CAGR vs -16.9%).

Babcock & Wilcox Enterprises, Inc. is an American energy technology and service provider that is active and has operations in many international markets with its headquarters in Akron, Ohio. Historically, the company is best known for their steam boilers.

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.

BW vs FSTR — Head-to-Head

Bigger by revenue
FSTR
FSTR
1.4× larger
FSTR
$160.4M
$113.4M
BW
Growing faster (revenue YoY)
FSTR
FSTR
+24.5% gap
FSTR
25.1%
0.6%
BW
More free cash flow
FSTR
FSTR
$27.0M more FCF
FSTR
$19.8M
$-7.2M
BW
Faster 2-yr revenue CAGR
FSTR
FSTR
Annualised
FSTR
13.6%
-16.9%
BW

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BW
BW
FSTR
FSTR
Revenue
$113.4M
$160.4M
Net Profit
$2.4M
Gross Margin
20.6%
19.7%
Operating Margin
0.2%
4.9%
Net Margin
1.5%
Revenue YoY
0.6%
25.1%
Net Profit YoY
1098.3%
EPS (diluted)
$0.11
$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
BW
BW
FSTR
FSTR
Q4 25
$113.4M
$160.4M
Q3 25
$149.0M
$138.3M
Q2 25
$144.1M
$143.6M
Q1 25
$181.2M
$97.8M
Q4 24
$112.7M
$128.2M
Q3 24
$152.6M
$137.5M
Q2 24
$151.4M
$140.8M
Q1 24
$164.3M
$124.3M
Net Profit
BW
BW
FSTR
FSTR
Q4 25
$2.4M
Q3 25
$35.1M
$4.4M
Q2 25
$-58.5M
$2.9M
Q1 25
$-22.0M
$-2.1M
Q4 24
$-63.1M
$-242.0K
Q3 24
$-5.3M
$35.9M
Q2 24
$25.4M
$2.8M
Q1 24
$-16.8M
$4.4M
Gross Margin
BW
BW
FSTR
FSTR
Q4 25
20.6%
19.7%
Q3 25
24.9%
22.5%
Q2 25
30.0%
21.5%
Q1 25
22.1%
20.6%
Q4 24
16.7%
22.3%
Q3 24
23.7%
23.8%
Q2 24
21.8%
21.7%
Q1 24
23.6%
21.1%
Operating Margin
BW
BW
FSTR
FSTR
Q4 25
0.2%
4.9%
Q3 25
4.4%
6.0%
Q2 25
5.6%
5.3%
Q1 25
3.2%
-2.0%
Q4 24
-8.1%
2.4%
Q3 24
1.0%
5.3%
Q2 24
-2.9%
3.2%
Q1 24
3.5%
4.5%
Net Margin
BW
BW
FSTR
FSTR
Q4 25
1.5%
Q3 25
23.5%
3.1%
Q2 25
-40.6%
2.0%
Q1 25
-12.1%
-2.2%
Q4 24
-56.0%
-0.2%
Q3 24
-3.5%
26.1%
Q2 24
16.8%
2.0%
Q1 24
-10.2%
3.6%
EPS (diluted)
BW
BW
FSTR
FSTR
Q4 25
$0.11
$0.22
Q3 25
$0.30
$0.40
Q2 25
$-0.63
$0.27
Q1 25
$-0.26
$-0.20
Q4 24
$-0.73
$-0.04
Q3 24
$-0.10
$3.27
Q2 24
$0.24
$0.26
Q1 24
$-0.23
$0.40

Balance Sheet & Financial Strength

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

Metric
BW
BW
FSTR
FSTR
Cash + ST InvestmentsLiquidity on hand
$89.5M
$4.3M
Total DebtLower is stronger
$42.6M
Stockholders' EquityBook value
$-131.5M
$175.3M
Total Assets
$662.9M
$330.4M
Debt / EquityLower = less leverage
0.24×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BW
BW
FSTR
FSTR
Q4 25
$89.5M
$4.3M
Q3 25
$25.2M
$3.4M
Q2 25
$23.4M
$4.2M
Q1 25
$23.5M
$2.6M
Q4 24
$26.9M
$2.5M
Q3 24
$30.6M
$3.1M
Q2 24
$95.5M
$4.0M
Q1 24
$43.9M
$3.1M
Total Debt
BW
BW
FSTR
FSTR
Q4 25
$42.6M
Q3 25
$58.6M
Q2 25
$81.4M
Q1 25
$82.3M
Q4 24
$46.8M
Q3 24
$68.4M
Q2 24
$87.0M
Q1 24
$77.9M
Stockholders' Equity
BW
BW
FSTR
FSTR
Q4 25
$-131.5M
$175.3M
Q3 25
$-232.2M
$174.8M
Q2 25
$-309.2M
$174.4M
Q1 25
$-303.0M
$170.8M
Q4 24
$-283.8M
$178.3M
Q3 24
$-203.7M
$181.9M
Q2 24
$-198.9M
$147.1M
Q1 24
$-223.0M
$144.6M
Total Assets
BW
BW
FSTR
FSTR
Q4 25
$662.9M
$330.4M
Q3 25
$657.9M
$333.9M
Q2 25
$703.5M
$349.9M
Q1 25
$719.7M
$342.8M
Q4 24
$727.0M
$334.6M
Q3 24
$804.6M
$344.5M
Q2 24
$849.1M
$333.3M
Q1 24
$795.5M
$326.4M
Debt / Equity
BW
BW
FSTR
FSTR
Q4 25
0.24×
Q3 25
0.33×
Q2 25
0.47×
Q1 25
0.48×
Q4 24
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
BW
BW
FSTR
FSTR
Operating Cash FlowLast quarter
$-3.0M
$22.2M
Free Cash FlowOCF − Capex
$-7.2M
$19.8M
FCF MarginFCF / Revenue
-6.3%
12.3%
Capex IntensityCapex / Revenue
3.7%
1.5%
Cash ConversionOCF / Net Profit
9.18×
TTM Free Cash FlowTrailing 4 quarters
$-85.7M
$25.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BW
BW
FSTR
FSTR
Q4 25
$-3.0M
$22.2M
Q3 25
$-32.1M
$29.2M
Q2 25
$-25.3M
$10.4M
Q1 25
$-8.5M
$-26.1M
Q4 24
$-22.5M
$24.3M
Q3 24
$-69.5M
$24.7M
Q2 24
$-11.8M
$-5.0M
Q1 24
$-14.9M
$-21.4M
Free Cash Flow
BW
BW
FSTR
FSTR
Q4 25
$-7.2M
$19.8M
Q3 25
$-37.6M
$26.4M
Q2 25
$-28.1M
$7.7M
Q1 25
$-12.8M
$-28.7M
Q4 24
$-23.6M
$22.3M
Q3 24
$-71.6M
$21.7M
Q2 24
$-16.4M
$-7.0M
Q1 24
$-18.3M
$-24.2M
FCF Margin
BW
BW
FSTR
FSTR
Q4 25
-6.3%
12.3%
Q3 25
-25.3%
19.1%
Q2 25
-19.5%
5.4%
Q1 25
-7.1%
-29.4%
Q4 24
-20.9%
17.4%
Q3 24
-46.9%
15.8%
Q2 24
-10.8%
-5.0%
Q1 24
-11.2%
-19.4%
Capex Intensity
BW
BW
FSTR
FSTR
Q4 25
3.7%
1.5%
Q3 25
3.7%
2.0%
Q2 25
1.9%
1.9%
Q1 25
2.4%
2.6%
Q4 24
1.0%
1.5%
Q3 24
1.4%
2.2%
Q2 24
3.0%
1.5%
Q1 24
2.1%
2.2%
Cash Conversion
BW
BW
FSTR
FSTR
Q4 25
9.18×
Q3 25
-0.92×
6.70×
Q2 25
3.61×
Q1 25
Q4 24
Q3 24
0.69×
Q2 24
-0.46×
-1.74×
Q1 24
-4.83×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BW
BW

Construction$98.8M87%
Other$14.6M13%

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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