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Side-by-side financial comparison of Flywire Corp (FLYW) 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 $157.5M, roughly 1.0× Flywire Corp). FOSTER L B CO runs the higher net margin — 1.5% vs 0.0%, a 1.5% gap on every dollar of revenue. On growth, Flywire Corp posted the faster year-over-year revenue change (34.0% vs 25.1%). FOSTER L B CO produced more free cash flow last quarter ($19.8M vs $4.5M). Over the past eight quarters, Flywire Corp's revenue compounded faster (17.5% CAGR vs 13.6%).

Flywire Corp is a global payment and receivables solutions provider serving core verticals including education, healthcare, travel, and B2B commerce. It offers secure cross-border payment processing, currency conversion, and workflow tools for organizations and payers worldwide.

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.

FLYW vs FSTR — Head-to-Head

Bigger by revenue
FSTR
FSTR
1.0× larger
FSTR
$160.4M
$157.5M
FLYW
Growing faster (revenue YoY)
FLYW
FLYW
+8.9% gap
FLYW
34.0%
25.1%
FSTR
Higher net margin
FSTR
FSTR
1.5% more per $
FSTR
1.5%
0.0%
FLYW
More free cash flow
FSTR
FSTR
$15.3M more FCF
FSTR
$19.8M
$4.5M
FLYW
Faster 2-yr revenue CAGR
FLYW
FLYW
Annualised
FLYW
17.5%
13.6%
FSTR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FLYW
FLYW
FSTR
FSTR
Revenue
$157.5M
$160.4M
Net Profit
$33.0K
$2.4M
Gross Margin
19.7%
Operating Margin
-0.6%
4.9%
Net Margin
0.0%
1.5%
Revenue YoY
34.0%
25.1%
Net Profit YoY
100.2%
1098.3%
EPS (diluted)
$0.01
$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
FLYW
FLYW
FSTR
FSTR
Q4 25
$157.5M
$160.4M
Q3 25
$200.1M
$138.3M
Q2 25
$131.9M
$143.6M
Q1 25
$133.5M
$97.8M
Q4 24
$117.5M
$128.2M
Q3 24
$156.8M
$137.5M
Q2 24
$103.7M
$140.8M
Q1 24
$114.1M
$124.3M
Net Profit
FLYW
FLYW
FSTR
FSTR
Q4 25
$33.0K
$2.4M
Q3 25
$29.6M
$4.4M
Q2 25
$-12.0M
$2.9M
Q1 25
$-4.2M
$-2.1M
Q4 24
$-15.9M
$-242.0K
Q3 24
$38.9M
$35.9M
Q2 24
$-13.9M
$2.8M
Q1 24
$-6.2M
$4.4M
Gross Margin
FLYW
FLYW
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
FLYW
FLYW
FSTR
FSTR
Q4 25
-0.6%
4.9%
Q3 25
16.1%
6.0%
Q2 25
-6.8%
5.3%
Q1 25
-8.2%
-2.0%
Q4 24
-4.9%
2.4%
Q3 24
12.9%
5.3%
Q2 24
-15.2%
3.2%
Q1 24
-5.2%
4.5%
Net Margin
FLYW
FLYW
FSTR
FSTR
Q4 25
0.0%
1.5%
Q3 25
14.8%
3.1%
Q2 25
-9.1%
2.0%
Q1 25
-3.1%
-2.2%
Q4 24
-13.5%
-0.2%
Q3 24
24.8%
26.1%
Q2 24
-13.4%
2.0%
Q1 24
-5.4%
3.6%
EPS (diluted)
FLYW
FLYW
FSTR
FSTR
Q4 25
$0.01
$0.22
Q3 25
$0.23
$0.40
Q2 25
$-0.10
$0.27
Q1 25
$-0.03
$-0.20
Q4 24
$-0.12
$-0.04
Q3 24
$0.30
$3.27
Q2 24
$-0.11
$0.26
Q1 24
$-0.05
$0.40

Balance Sheet & Financial Strength

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

Metric
FLYW
FLYW
FSTR
FSTR
Cash + ST InvestmentsLiquidity on hand
$355.0M
$4.3M
Total DebtLower is stronger
$42.6M
Stockholders' EquityBook value
$835.2M
$175.3M
Total Assets
$1.3B
$330.4M
Debt / EquityLower = less leverage
0.24×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FLYW
FLYW
FSTR
FSTR
Q4 25
$355.0M
$4.3M
Q3 25
$377.3M
$3.4M
Q2 25
$274.2M
$4.2M
Q1 25
$255.3M
$2.6M
Q4 24
$611.1M
$2.5M
Q3 24
$681.1M
$3.1M
Q2 24
$571.0M
$4.0M
Q1 24
$619.0M
$3.1M
Total Debt
FLYW
FLYW
FSTR
FSTR
Q4 25
$42.6M
Q3 25
$15.0M
$58.6M
Q2 25
$60.0M
$81.4M
Q1 25
$60.0M
$82.3M
Q4 24
$0
$46.8M
Q3 24
$68.4M
Q2 24
$87.0M
Q1 24
$77.9M
Stockholders' Equity
FLYW
FLYW
FSTR
FSTR
Q4 25
$835.2M
$175.3M
Q3 25
$829.1M
$174.8M
Q2 25
$792.4M
$174.4M
Q1 25
$784.3M
$170.8M
Q4 24
$814.8M
$178.3M
Q3 24
$843.2M
$181.9M
Q2 24
$802.6M
$147.1M
Q1 24
$-797.0M
$144.6M
Total Assets
FLYW
FLYW
FSTR
FSTR
Q4 25
$1.3B
$330.4M
Q3 25
$1.3B
$333.9M
Q2 25
$1.1B
$349.9M
Q1 25
$1.1B
$342.8M
Q4 24
$1.1B
$334.6M
Q3 24
$1.2B
$344.5M
Q2 24
$998.7M
$333.3M
Q1 24
$998.7M
$326.4M
Debt / Equity
FLYW
FLYW
FSTR
FSTR
Q4 25
0.24×
Q3 25
0.02×
0.33×
Q2 25
0.08×
0.47×
Q1 25
0.08×
0.48×
Q4 24
0.00×
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
FLYW
FLYW
FSTR
FSTR
Operating Cash FlowLast quarter
$4.9M
$22.2M
Free Cash FlowOCF − Capex
$4.5M
$19.8M
FCF MarginFCF / Revenue
2.9%
12.3%
Capex IntensityCapex / Revenue
0.2%
1.5%
Cash ConversionOCF / Net Profit
148.06×
9.18×
TTM Free Cash FlowTrailing 4 quarters
$98.8M
$25.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FLYW
FLYW
FSTR
FSTR
Q4 25
$4.9M
$22.2M
Q3 25
$150.1M
$29.2M
Q2 25
$24.1M
$10.4M
Q1 25
$-78.9M
$-26.1M
Q4 24
$-28.6M
$24.3M
Q3 24
$184.6M
$24.7M
Q2 24
$-19.3M
$-5.0M
Q1 24
$-38.1M
$-21.4M
Free Cash Flow
FLYW
FLYW
FSTR
FSTR
Q4 25
$4.5M
$19.8M
Q3 25
$149.9M
$26.4M
Q2 25
$23.5M
$7.7M
Q1 25
$-79.1M
$-28.7M
Q4 24
$-28.7M
$22.3M
Q3 24
$184.4M
$21.7M
Q2 24
$-19.7M
$-7.0M
Q1 24
$-38.3M
$-24.2M
FCF Margin
FLYW
FLYW
FSTR
FSTR
Q4 25
2.9%
12.3%
Q3 25
74.9%
19.1%
Q2 25
17.8%
5.4%
Q1 25
-59.3%
-29.4%
Q4 24
-24.4%
17.4%
Q3 24
117.6%
15.8%
Q2 24
-19.0%
-5.0%
Q1 24
-33.6%
-19.4%
Capex Intensity
FLYW
FLYW
FSTR
FSTR
Q4 25
0.2%
1.5%
Q3 25
0.1%
2.0%
Q2 25
0.4%
1.9%
Q1 25
0.1%
2.6%
Q4 24
0.1%
1.5%
Q3 24
0.1%
2.2%
Q2 24
0.3%
1.5%
Q1 24
0.2%
2.2%
Cash Conversion
FLYW
FLYW
FSTR
FSTR
Q4 25
148.06×
9.18×
Q3 25
5.07×
6.70×
Q2 25
3.61×
Q1 25
Q4 24
Q3 24
4.75×
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

FLYW
FLYW

Transactions$126.4M80%
Platform And Other Revenues$31.1M20%

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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