Foster L B Co. (FSTR) intrinsic value & 10-year financials
Foster L B Co. (FSTR) has a Graham intrinsic value of $13.86 per share. At $34.43 on Oct 17, 2026, the stock trades 148% above that value. Over the last 10 fiscal years revenue grew 1.2% a year to $540.0M, with an average return on invested capital of 1.3%.
- Graham intrinsic value
- $13.86
- Share price (Oct 17, 2026)
- $34.43
- Price vs Graham value
- 148% above
- Market cap
- $374.7M
- Revenue (FY2025)
- $540.0M
- Revenue growth (10-yr CAGR)
- 1.2%
- ROIC (10-yr avg)
- 1.3%
- Free cash flow (FY2025)
- $25.2M
FSTR 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $540.0M | $7.5M | $0.69 | $25.2M | 4.1% | 5.0% |
| FY2024 | $530.8M | $42.9M | $3.89 | $12.8M | 3.9% | 9.8% |
| FY2023 | $543.7M | $1.5M | $0.13 | $32.4M | 1.9% | 4.8% |
| FY2022 | $497.5M | -$45.6M | -$4.25 | -$18.2M | -1.4% | -3.4% |
| FY2021 | $513.6M | $3.6M | $0.34 | -$5.4M | 0.9% | 1.6% |
| FY2020 | $497.4M | $7.6M | $0.71 | $11.4M | 3.1% | 3.7% |
| FY2019 | $655.1M | $42.6M | $4.00 | $20.5M | 5.6% | 18.4% |
| FY2018 | $627.0M | -$31.2M | -$3.01 | $20.7M | 6.2% | 18.3% |
| FY2017 | $536.4M | $4.1M | $0.39 | $33.2M | 5.2% | 5.8% |
| FY2016 | $483.5M | -$141.7M | -$13.79 | $10.7M | -27.7% | -51.2% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
FOSTER L B CO has demonstrated mature, steady growth, with revenue compounding at 1.2% annually over the past decade.
FOSTER L B CO has historically struggled to out-earn its cost of capital, averaging just 1.3% ROIC.
FOSTER L B CO has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, FOSTER L B CO is modeled at 7.4% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $13.86 per share.