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Side-by-side financial comparison of Figure Technology Solutions, Inc. (FIGR) 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× Figure Technology Solutions, Inc.). Figure Technology Solutions, Inc. runs the higher net margin — 57.3% vs 1.5%, a 55.8% gap on every dollar of revenue.

Figure Technology Solutions, Inc. is a financial technology company in Reno, Nevada, United States. Established in 2018, it develops and operates blockchain-based platforms used in lending, capital markets, and asset management.

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.

FIGR vs FSTR — Head-to-Head

Bigger by revenue
FSTR
FSTR
1.0× larger
FSTR
$160.4M
$156.4M
FIGR
Higher net margin
FIGR
FIGR
55.8% more per $
FIGR
57.3%
1.5%
FSTR

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
FIGR
FIGR
FSTR
FSTR
Revenue
$156.4M
$160.4M
Net Profit
$89.6M
$2.4M
Gross Margin
19.7%
Operating Margin
33.7%
4.9%
Net Margin
57.3%
1.5%
Revenue YoY
25.1%
Net Profit YoY
1098.3%
EPS (diluted)
$0.34
$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
FIGR
FIGR
FSTR
FSTR
Q4 25
$160.4M
Q3 25
$156.4M
$138.3M
Q2 25
$143.6M
Q1 25
$97.8M
Q4 24
$128.2M
Q3 24
$137.5M
Q2 24
$140.8M
Q1 24
$124.3M
Net Profit
FIGR
FIGR
FSTR
FSTR
Q4 25
$2.4M
Q3 25
$89.6M
$4.4M
Q2 25
$2.9M
Q1 25
$-2.1M
Q4 24
$-242.0K
Q3 24
$35.9M
Q2 24
$2.8M
Q1 24
$4.4M
Gross Margin
FIGR
FIGR
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
FIGR
FIGR
FSTR
FSTR
Q4 25
4.9%
Q3 25
33.7%
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
FIGR
FIGR
FSTR
FSTR
Q4 25
1.5%
Q3 25
57.3%
3.1%
Q2 25
2.0%
Q1 25
-2.2%
Q4 24
-0.2%
Q3 24
26.1%
Q2 24
2.0%
Q1 24
3.6%
EPS (diluted)
FIGR
FIGR
FSTR
FSTR
Q4 25
$0.22
Q3 25
$0.34
$0.40
Q2 25
$0.27
Q1 25
$-0.20
Q4 24
$-0.04
Q3 24
$3.27
Q2 24
$0.26
Q1 24
$0.40

Balance Sheet & Financial Strength

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

Metric
FIGR
FIGR
FSTR
FSTR
Cash + ST InvestmentsLiquidity on hand
$1.1B
$4.3M
Total DebtLower is stronger
$466.8M
$42.6M
Stockholders' EquityBook value
$1.2B
$175.3M
Total Assets
$2.2B
$330.4M
Debt / EquityLower = less leverage
0.40×
0.24×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FIGR
FIGR
FSTR
FSTR
Q4 25
$4.3M
Q3 25
$1.1B
$3.4M
Q2 25
$4.2M
Q1 25
$2.6M
Q4 24
$2.5M
Q3 24
$3.1M
Q2 24
$4.0M
Q1 24
$3.1M
Total Debt
FIGR
FIGR
FSTR
FSTR
Q4 25
$42.6M
Q3 25
$466.8M
$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
FIGR
FIGR
FSTR
FSTR
Q4 25
$175.3M
Q3 25
$1.2B
$174.8M
Q2 25
$174.4M
Q1 25
$170.8M
Q4 24
$178.3M
Q3 24
$181.9M
Q2 24
$147.1M
Q1 24
$144.6M
Total Assets
FIGR
FIGR
FSTR
FSTR
Q4 25
$330.4M
Q3 25
$2.2B
$333.9M
Q2 25
$349.9M
Q1 25
$342.8M
Q4 24
$334.6M
Q3 24
$344.5M
Q2 24
$333.3M
Q1 24
$326.4M
Debt / Equity
FIGR
FIGR
FSTR
FSTR
Q4 25
0.24×
Q3 25
0.40×
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
FIGR
FIGR
FSTR
FSTR
Operating Cash FlowLast quarter
$49.3M
$22.2M
Free Cash FlowOCF − Capex
$19.8M
FCF MarginFCF / Revenue
12.3%
Capex IntensityCapex / Revenue
1.5%
Cash ConversionOCF / Net Profit
0.55×
9.18×
TTM Free Cash FlowTrailing 4 quarters
$25.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FIGR
FIGR
FSTR
FSTR
Q4 25
$22.2M
Q3 25
$49.3M
$29.2M
Q2 25
$10.4M
Q1 25
$-26.1M
Q4 24
$24.3M
Q3 24
$24.7M
Q2 24
$-5.0M
Q1 24
$-21.4M
Free Cash Flow
FIGR
FIGR
FSTR
FSTR
Q4 25
$19.8M
Q3 25
$26.4M
Q2 25
$7.7M
Q1 25
$-28.7M
Q4 24
$22.3M
Q3 24
$21.7M
Q2 24
$-7.0M
Q1 24
$-24.2M
FCF Margin
FIGR
FIGR
FSTR
FSTR
Q4 25
12.3%
Q3 25
19.1%
Q2 25
5.4%
Q1 25
-29.4%
Q4 24
17.4%
Q3 24
15.8%
Q2 24
-5.0%
Q1 24
-19.4%
Capex Intensity
FIGR
FIGR
FSTR
FSTR
Q4 25
1.5%
Q3 25
2.0%
Q2 25
1.9%
Q1 25
2.6%
Q4 24
1.5%
Q3 24
2.2%
Q2 24
1.5%
Q1 24
2.2%
Cash Conversion
FIGR
FIGR
FSTR
FSTR
Q4 25
9.18×
Q3 25
0.55×
6.70×
Q2 25
3.61×
Q1 25
Q4 24
Q3 24
0.69×
Q2 24
-1.74×
Q1 24
-4.83×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FIGR
FIGR

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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