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Side-by-side financial comparison of CBL & ASSOCIATES PROPERTIES INC (CBL) 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 $156.4M, roughly 1.0× CBL & ASSOCIATES PROPERTIES INC). CBL & ASSOCIATES PROPERTIES INC runs the higher net margin — 31.3% vs 1.5%, a 29.8% gap on every dollar of revenue. On growth, FOSTER L B CO posted the faster year-over-year revenue change (25.1% vs 18.8%). Over the past eight quarters, FOSTER L B CO's revenue compounded faster (13.6% CAGR vs 10.1%).

CBL & Associates Properties, Inc. is an American real estate investment trust that invests in shopping centers and shopping malls, primarily in the Southeastern and Midwestern United States. The company is organized in Delaware with its headquarters in Chattanooga, Tennessee. Its largest market is Chattanooga, Tennessee. The company's name is based on the initials of its founder, Charles B. Lebovitz.

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.

CBL vs FSTR — Head-to-Head

Bigger by revenue
FSTR
FSTR
1.0× larger
FSTR
$160.4M
$156.4M
CBL
Growing faster (revenue YoY)
FSTR
FSTR
+6.3% gap
FSTR
25.1%
18.8%
CBL
Higher net margin
CBL
CBL
29.8% more per $
CBL
31.3%
1.5%
FSTR
Faster 2-yr revenue CAGR
FSTR
FSTR
Annualised
FSTR
13.6%
10.1%
CBL

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CBL
CBL
FSTR
FSTR
Revenue
$156.4M
$160.4M
Net Profit
$49.0M
$2.4M
Gross Margin
19.7%
Operating Margin
4.9%
Net Margin
31.3%
1.5%
Revenue YoY
18.8%
25.1%
Net Profit YoY
29.0%
1098.3%
EPS (diluted)
$1.61
$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
CBL
CBL
FSTR
FSTR
Q4 25
$156.4M
$160.4M
Q3 25
$139.3M
$138.3M
Q2 25
$140.9M
$143.6M
Q1 25
$141.8M
$97.8M
Q4 24
$131.7M
$128.2M
Q3 24
$125.1M
$137.5M
Q2 24
$129.7M
$140.8M
Q1 24
$129.1M
$124.3M
Net Profit
CBL
CBL
FSTR
FSTR
Q4 25
$49.0M
$2.4M
Q3 25
$75.4M
$4.4M
Q2 25
$2.8M
$2.9M
Q1 25
$8.8M
$-2.1M
Q4 24
$38.0M
$-242.0K
Q3 24
$16.2M
$35.9M
Q2 24
$4.7M
$2.8M
Q1 24
$50.0K
$4.4M
Gross Margin
CBL
CBL
FSTR
FSTR
Q4 25
19.7%
Q3 25
22.5%
Q2 25
21.5%
Q1 25
20.6%
Q4 24
22.3%
Q3 24
23.8%
Q2 24
21.7%
Q1 24
21.1%
Operating Margin
CBL
CBL
FSTR
FSTR
Q4 25
4.9%
Q3 25
6.0%
Q2 25
5.3%
Q1 25
-2.0%
Q4 24
2.4%
Q3 24
5.3%
Q2 24
3.2%
Q1 24
4.5%
Net Margin
CBL
CBL
FSTR
FSTR
Q4 25
31.3%
1.5%
Q3 25
54.2%
3.1%
Q2 25
2.0%
2.0%
Q1 25
6.2%
-2.2%
Q4 24
28.8%
-0.2%
Q3 24
12.9%
26.1%
Q2 24
3.7%
2.0%
Q1 24
0.0%
3.6%
EPS (diluted)
CBL
CBL
FSTR
FSTR
Q4 25
$1.61
$0.22
Q3 25
$2.38
$0.40
Q2 25
$0.08
$0.27
Q1 25
$0.27
$-0.20
Q4 24
$1.22
$-0.04
Q3 24
$0.52
$3.27
Q2 24
$0.14
$0.26
Q1 24
$-0.01
$0.40

Balance Sheet & Financial Strength

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

Metric
CBL
CBL
FSTR
FSTR
Cash + ST InvestmentsLiquidity on hand
$42.3M
$4.3M
Total DebtLower is stronger
$2.2B
$42.6M
Stockholders' EquityBook value
$374.9M
$175.3M
Total Assets
$2.7B
$330.4M
Debt / EquityLower = less leverage
5.79×
0.24×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CBL
CBL
FSTR
FSTR
Q4 25
$42.3M
$4.3M
Q3 25
$52.6M
$3.4M
Q2 25
$100.3M
$4.2M
Q1 25
$100.3M
$2.6M
Q4 24
$40.8M
$2.5M
Q3 24
$65.1M
$3.1M
Q2 24
$57.7M
$4.0M
Q1 24
$57.7M
$3.1M
Total Debt
CBL
CBL
FSTR
FSTR
Q4 25
$2.2B
$42.6M
Q3 25
$2.2B
$58.6M
Q2 25
$2.1B
$81.4M
Q1 25
$2.2B
$82.3M
Q4 24
$2.2B
$46.8M
Q3 24
$1.8B
$68.4M
Q2 24
$1.9B
$87.0M
Q1 24
$1.9B
$77.9M
Stockholders' Equity
CBL
CBL
FSTR
FSTR
Q4 25
$374.9M
$175.3M
Q3 25
$351.4M
$174.8M
Q2 25
$289.4M
$174.4M
Q1 25
$295.0M
$170.8M
Q4 24
$323.5M
$178.3M
Q3 24
$308.3M
$181.9M
Q2 24
$308.8M
$147.1M
Q1 24
$324.2M
$144.6M
Total Assets
CBL
CBL
FSTR
FSTR
Q4 25
$2.7B
$330.4M
Q3 25
$2.7B
$333.9M
Q2 25
$2.6B
$349.9M
Q1 25
$2.6B
$342.8M
Q4 24
$2.7B
$334.6M
Q3 24
$2.2B
$344.5M
Q2 24
$2.3B
$333.3M
Q1 24
$2.3B
$326.4M
Debt / Equity
CBL
CBL
FSTR
FSTR
Q4 25
5.79×
0.24×
Q3 25
6.21×
0.33×
Q2 25
7.39×
0.47×
Q1 25
7.29×
0.48×
Q4 24
6.84×
0.26×
Q3 24
5.76×
0.38×
Q2 24
6.00×
0.59×
Q1 24
5.74×
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
CBL
CBL
FSTR
FSTR
Operating Cash FlowLast quarter
$249.7M
$22.2M
Free Cash FlowOCF − Capex
$19.8M
FCF MarginFCF / Revenue
12.3%
Capex IntensityCapex / Revenue
1.5%
Cash ConversionOCF / Net Profit
5.10×
9.18×
TTM Free Cash FlowTrailing 4 quarters
$25.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CBL
CBL
FSTR
FSTR
Q4 25
$249.7M
$22.2M
Q3 25
$69.6M
$29.2M
Q2 25
$68.3M
$10.4M
Q1 25
$31.7M
$-26.1M
Q4 24
$202.2M
$24.3M
Q3 24
$61.1M
$24.7M
Q2 24
$64.2M
$-5.0M
Q1 24
$30.7M
$-21.4M
Free Cash Flow
CBL
CBL
FSTR
FSTR
Q4 25
$19.8M
Q3 25
$26.4M
Q2 25
$7.7M
Q1 25
$-28.7M
Q4 24
$22.3M
Q3 24
$46.0M
$21.7M
Q2 24
$54.8M
$-7.0M
Q1 24
$24.7M
$-24.2M
FCF Margin
CBL
CBL
FSTR
FSTR
Q4 25
12.3%
Q3 25
19.1%
Q2 25
5.4%
Q1 25
-29.4%
Q4 24
17.4%
Q3 24
36.8%
15.8%
Q2 24
42.2%
-5.0%
Q1 24
19.1%
-19.4%
Capex Intensity
CBL
CBL
FSTR
FSTR
Q4 25
1.5%
Q3 25
2.0%
Q2 25
1.9%
Q1 25
2.6%
Q4 24
1.5%
Q3 24
12.1%
2.2%
Q2 24
7.3%
1.5%
Q1 24
4.7%
2.2%
Cash Conversion
CBL
CBL
FSTR
FSTR
Q4 25
5.10×
9.18×
Q3 25
0.92×
6.70×
Q2 25
24.74×
3.61×
Q1 25
3.60×
Q4 24
5.32×
Q3 24
3.77×
0.69×
Q2 24
13.54×
-1.74×
Q1 24
614.76×
-4.83×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CBL
CBL

Segment breakdown not available.

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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