What is Forestar Group Inc.'s earnings per share (EPS)?

Forestar Group Inc. (FOR) reported diluted earnings per share of $3.29 for fiscal year 2025. This represents a -17.8% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Forestar Group Inc. (FOR) Financials

FOR

Trailing 12 months to June 30, 2026

Revenue $1.7B +11.8% YoY

Net Income $170.3M +4.8% YoY

EPS (Diluted) $3.33 +4.4% YoY

Free Cash Flow $282.9M +183.9% YoY

Market Cap $1.3B as of Oct 6, 2026

Price / Sales 0.8x on $1.7B revenue, trailing 12 months to June 30, 2026

Price / Earnings 7.9x on $170.3M net income, trailing 12 months to June 30, 2026

Price / Book 0.7x on $1.9B equity, Q3 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 6, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q3 FY2026, ended Jun 30, 2026 Reported Jul 22, 2026 Currency USD FYE September

Newest figures come from the 10-Q for Q3 FY2026, filed Jul 22, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the FOR SEC filings page.

Forestar Group Inc. (FOR) reported $1.7B in revenue over the twelve months to Jun 30, 2026, up 11.8% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI FOR FY2025 2026-10-03

Forestar’s FY2025 sales growth expanded the balance sheet, but margins narrowed and reported profit still did not convert into operating cash.

The key earnings-quality signal is the reversal across FY2023 and FY2025: reported profit stayed broadly similar while operating cash flow moved from positive to negative. With FY2025 capital expenditures of $2.2M, that reversal is not mainly conventional fixed-asset reinvestment; cash is being absorbed elsewhere in operations or balance-sheet investment.

Gross margin fell from 23.8% in FY2024 to 21.9% in FY2025, so the latest sales growth came with weaker economics per reported dollar of revenue. SG&A rose to $154M while net margin fell to 10.1%, indicating that overhead growth compounded the margin pressure rather than being offset by scale.

Total assets expanded from $2.47B in FY2023 to $3.14B in FY2025, showing a materially larger balance sheet. Debt-to-equity remained below 0.5x, while the reported liquidity comparison equaled 23 months of FY2025 operating outflow; these measures contextualize the cash swings without changing the latest negative operating cash flow.

Financial Health Signals

Financial health score not available

Forestar Group Inc. does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Piotroski F-Score Partial

1/8

Forestar Group Inc. passes 1 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.

Earnings Quality No Cash Backing

$1.18used

For every $1 of reported earnings, Forestar Group Inc. used $1.18 of operating cash (-$197.7M OCF vs $167.9M net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely.

Key Financial Metrics

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Earnings & Revenue

Revenue

$407.0M

YoY+4.2%

QoQ+8.7%

5Y CAGR+5.4%

10Y CAGR+23.8%

Forestar Group Inc. generated $407.0M in revenue in Q3 2026. This represents an increase of 4.2% from the same quarter a year earlier. Against the prior quarter it is up 8.7%.

Net Income

$35.9M

YoY+9.1%

QoQ+11.8%

5Y CAGR+17.8%

10Y CAGR+14.1%

Forestar Group Inc. reported $35.9M in net income in Q3 2026. This represents an increase of 9.1% from the same quarter a year earlier. Against the prior quarter it is up 11.8%.

EPS (Diluted)

$0.70

YoY+7.7%

QoQ+11.1%

5Y CAGR+16.9%

10Y CAGR+11.8%

Forestar Group Inc. earned $0.70 per diluted share (EPS) in Q3 2026. This represents an increase of 7.7% from the same quarter a year earlier. Against the prior quarter it is up 11.1%.

EBITDA

Not reported for Q3 2026.

Cash & Balance Sheet

Free Cash Flow

$32.7M

YoY+118.0%

QoQ-78.4%

10Y CAGR+19.8%

Forestar Group Inc. generated $32.7M in free cash flow in Q3 2026, representing cash available after capex. This represents an increase of 118.0% from the same quarter a year earlier. Against the prior quarter it is down 78.4%.

Cash & Debt

$394.9M

YoY+108.7%

QoQ+9.0%

5Y CAGR+27.8%

10Y CAGR+13.9%

Forestar Group Inc. held $394.9M in cash against $793.8M in long-term debt as of Q3 2026.

Shares Outstanding

51M

YoY+0.4%

QoQ0.0%

5Y CAGR+0.6%

10Y CAGR+4.3%

Forestar Group Inc. had 51M shares outstanding in Q3 2026. This represents an increase of 0.4% from the same quarter a year earlier. It is unchanged from the prior quarter.

Dividends Per Share

Not reported for Q3 2026.

Margins & Returns

Gross Margin

20.7%

YoY+0.3pp

QoQ-0.8pp

Forestar Group Inc.'s gross margin was 20.7% in Q3 2026, indicating the percentage of revenue retained after direct costs. This is up 0.3 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.8 percentage points.

Net Margin

8.8%

YoY+0.4pp

QoQ+0.2pp

5Y change+3.8pp

10Y change-11.2pp

Forestar Group Inc.'s net profit margin was 8.8% in Q3 2026, showing the share of revenue converted to profit. This is up 0.4 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.2 percentage points.

Return on Equity

1.9%

YoY0.0pp

QoQ+0.2pp

5Y change+0.3pp

10Y change0.0pp

Forestar Group Inc.'s ROE was 1.9% in Q3 2026, measuring profit generated per dollar of shareholder equity. That is unchanged from the same quarter a year earlier. Against the prior quarter it is up 0.2 percentage points.

Operating Margin

Not reported for Q3 2026.

Capital Allocation

Capital Expenditures

YoY-100.0%

QoQ-100.0%

Forestar Group Inc. reported no capital expenditure in Q3 2026. This represents a decrease of 100.0% from the same quarter a year earlier. Against the prior quarter it is down 100.0%.

R&D Spending

Not reported for Q3 2026.

Share Buybacks

Not reported for Q3 2026.

FOR Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

FOR quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K	FY1010-K
Revenue	$1.7B	$1.7B+10.1%	$1.5B+5.0%	$1.4B-5.4%	$1.5B+14.6%	$1.3B+42.3%	$931.8M+117.6%	$428.3M	$114.3M-42.1%	$197.3M-9.7%	$218.6M-8.2%	$238.2M-28.1%	$331.0M+91.8%	$172.6M+27.3%	$135.6M+33.8%	$101.4M
Cost of Revenue	$1.4B	$1.3B+12.9%	$1.2B+1.5%	$1.1B-5.2%	$1.2B+9.0%	$1.1B+34.8%	$813.7M+124.3%	$362.7M	$112.6M	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	$368.9M	$363.5M+1.2%	$359.3M+18.2%	$304.1M-6.1%	$324.0M+41.4%	$229.2M+94.1%	$118.1M+80.0%	$65.6M	$1.7M	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$155.3M	$154.4M+30.3%	$118.5M+21.3%	$97.7M+4.4%	$93.6M+36.8%	$68.4M+49.7%	$45.7M+58.1%	$28.9M	$75.3M+248.7%	$21.6M-20.8%	$27.3M+22.6%	$22.2M-21.7%	$28.4M-12.2%	$32.3M+38.6%	$23.3M+3.3%	$22.6M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$39.8M-71.7%	$140.4M+486.2%	$23.9M-66.1%	$70.6M+51.5%	$46.6M+71.5%	$27.2M-53.3%	$58.1M+207.7%	$18.9M
EBITDA	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$45.3M-70.2%	$151.8M+119.9%	$69.0M-38.5%	$112.3M+46.7%	$76.6M+66.1%	$46.1M-33.1%	$68.9M+134.1%	$29.4M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	$0	$0	$8.5M-57.5%	$20.0M-41.3%	$34.1M+12.5%	$30.3M+51.4%	$20.0M+3.3%	$19.4M+13.8%	$17.0M+3.4%	$16.4M
Income Tax	$56.0M	$51.4M-22.9%	$66.7M+21.9%	$54.7M-4.0%	$57.0M+57.9%	$36.1M+120.1%	$16.4M+74.5%	$9.4M	$45.8M+199.3%	$15.3M-56.4%	$35.1M+68.5%	$20.9M+189.3%	$7.2M-10.1%	$8.0M+165.3%	$3.0M+22.3%	$2.5M
Net Income	$170.3M	$167.9M-17.5%	$203.4M+21.9%	$166.9M-6.7%	$178.8M+62.3%	$110.2M+81.3%	$60.8M+84.2%	$33.0M	$50.3M-14.2%	$58.6M+127.5%	-$213.0M-1384.7%	$16.6M-43.4%	$29.3M+126.6%	$12.9M+80.9%	$7.2M+39.6%	$5.1M
EPS (Basic)	N/A	$3.30-18.1%	$4.03+20.7%	$3.34-7.0%	$3.59+59.6%	$2.25+78.6%	$1.26+59.5%	$0.79	$1.19-15.0%	$1.40+122.5%	-$6.22-1736.8%	$0.38-53.1%	$0.81+118.9%	$0.37+85.0%	$0.20+42.9%	$0.14
EPS (Diluted)	$3.33	$3.29-17.8%	$4.00+20.1%	$3.33-7.2%	$3.59+59.6%	$2.25+78.6%	$1.26+59.5%	$0.79	$1.19-13.8%	$1.38+122.2%	-$6.22-1736.8%	$0.38-52.5%	$0.80+122.2%	$0.36+80.0%	$0.20+42.9%	$0.14
Diluted Shares (Avg)	N/A	51M+0.5%	51M+1.3%	50M+0.6%	50M+1.8%	49M+1.8%	48M+14.5%	42M	42M+0.1%	42M+23.5%	34M-21.4%	44M+18.4%	37M+3.8%	35M-0.8%	36M-1.6%	36M

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Revenue	$407.0M+4.2%	$374.3M+6.6%	$273.0M+9.0%	$670.5M+21.6%	$390.5M+22.6%	$351.0M+5.2%	$250.4M-18.1%	$551.3M+0.3%
Cost of Revenue	$322.9M+3.9%	$294.1M+8.2%	$218.0M+11.6%	$520.9M+24.2%	$310.8M+25.9%	$271.8M+8.4%	$195.4M-16.1%	$419.5M-3.4%
Gross Profit	$84.1M+5.5%	$80.2M+1.3%	$55.0M0.0%	$149.6M+13.5%	$79.7M+11.5%	$79.2M-4.7%	$55.0M-24.6%	$131.8M+13.9%
SG&A Expenses	$38.3M+2.4%	$37.9M-1.3%	$36.5M+1.4%	$42.6M+33.1%	$37.4M+27.6%	$38.4M+31.5%	$36.0M+28.6%	$32.0M+21.2%
Income Tax	$12.7M+18.7%	$11.7M+28.6%	$5.4M0.0%	$26.2M-2.6%	$10.7M-17.1%	$9.1M-34.5%	$5.4M-58.5%	$26.9M+17.0%
Net Income	$35.9M+9.1%	$32.1M+1.6%	$15.4M-6.7%	$86.9M+6.6%	$32.9M-15.0%	$31.6M-29.8%	$16.5M-56.8%	$81.5M+12.6%
EPS (Basic)	$0.70+7.7%	$0.63+1.6%	$0.30-6.3%	$1.71+6.2%	$0.65-14.5%	$0.62-31.1%	$0.32-57.9%	$1.61+11.0%
EPS (Diluted)	$0.70+7.7%	$0.63+1.6%	$0.30-6.3%	$1.70+6.2%	$0.65-14.5%	$0.62-30.3%	$0.32-57.9%	$1.60+11.1%
Diluted Shares (Avg)	51M+0.5%	51M+0.3%	51M+0.2%	N/A	51M-0.1%	51M+0.8%	51M+1.2%	N/A

Not reported in any period shown, so not listed: R&D Expenses, Operating Income, EBITDA, Interest Expense.

FOR Balance Sheet

FOR quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K	FY1010-K
Total Assets	$3.1B+10.5%	$2.8B+15.0%	$2.5B+5.5%	$2.3B+11.5%	$2.1B+20.8%	$1.7B+19.5%	$1.5B	$761.9M+3.9%	$733.2M-24.6%	$972.2M-22.7%	$1.3B+7.3%	$1.2B+27.6%	$918.4M+15.5%	$794.9M+0.7%	$789.3M
Cash & Equivalents	$379.2M-21.2%	$481.2M-21.9%	$616.0M+132.6%	$264.8M+72.4%	$153.6M-61.0%	$394.3M+3.0%	$382.8M	$323.0M+21.4%	$266.1M+175.9%	$96.4M-43.3%	$170.1M-11.5%	$192.3M+1756.1%	$10.4M-43.3%	$18.3M+240.7%	$5.4M
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$0-100.0%	$37.9M-9.3%	$41.8M-34.1%	$63.4M-1.7%	$64.5M+4.6%	$61.7M+1492.2%	$3.9M-40.6%	$6.5M
Total Liabilities	$1.4B+9.9%	$1.2B+13.1%	$1.1B-3.8%	$1.1B+5.3%	$1.1B+25.1%	$868.1M+34.2%	$646.8M	$156.3M-8.7%	$171.1M-63.5%	$468.1M-14.6%	$548.5M+20.1%	$456.8M+18.7%	$384.9M+35.7%	$283.6M+3.1%	$275.0M
Long-Term Debt	$802.7M+13.6%	$706.4M+1.6%	$695.0M-1.6%	$706.0M+0.2%	$704.5M+9.9%	$641.1M+39.2%	$460.5M	$108.4M-1.7%	$110.4M-71.1%	$381.5M-11.8%	$432.7M+21.1%	$357.4M+21.5%	$294.1M+32.7%	$221.6M0.0%	$221.6M
Total Equity	$1.8B+10.9%	$1.6B+16.5%	$1.4B+14.2%	$1.2B+18.1%	$1.0B+16.5%	$870.9M+7.7%	$808.3M	$604.2M+7.8%	$560.7M+11.8%	$501.6M-29.1%	$707.2M-0.4%	$709.8M+34.1%	$529.5M+3.9%	$509.5M0.0%	$509.6M
Retained Earnings	$1.0B+19.1%	$878.2M+30.1%	$674.8M+32.9%	$507.9M+54.3%	$329.1M+50.3%	$218.9M+38.5%	$158.1M	$56.3M+346.7%	$12.6M+127.4%	-$46.0M-127.6%	$167.0M+11.0%	$150.4M+24.2%	$121.1M+12.0%	$108.2M+7.1%	$101.0M

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Total Assets	$3.2B+3.2%	$3.2B+4.3%	$3.2B+7.3%	$3.1B+10.5%	$3.1B+16.7%	$3.0B+17.1%	$3.0B+16.8%	$2.8B+15.0%
Cash & Equivalents	$394.9M+108.7%	$362.2M+107.8%	$211.7M+60.4%	$379.2M-21.2%	$189.2M-47.3%	$174.3M-58.1%	$132.0M-71.2%	$481.2M-21.9%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Total Liabilities	$1.4B-5.4%	$1.4B-3.2%	$1.4B+3.2%	$1.4B+9.9%	$1.4B+23.9%	$1.4B+24.1%	$1.3B+19.7%	$1.2B+13.1%
Long-Term Debt	$793.8M-9.1%	$793.5M-9.1%	$793.2M-1.7%	$802.7M+13.6%	$872.8M+23.6%	$872.5M+23.6%	$806.8M+14.4%	$706.4M+1.6%
Total Equity	$1.9B+10.6%	$1.8B+10.6%	$1.8B+10.7%	$1.8B+10.9%	$1.7B+11.1%	$1.6B+11.8%	$1.6B+14.6%	$1.6B+16.5%
Retained Earnings	$1.1B+17.8%	$1.1B+18.1%	$1.1B+18.6%	$1.0B+19.1%	$959.2M+20.4%	$926.3M+22.2%	$894.7M+25.5%	$878.2M+30.1%

Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Goodwill, Current Liabilities, Non-Current Liabilities.

FOR Cash Flow Statement

FOR quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K	FY1010-K
Operating Cash Flow	$283.9M	-$197.7M-24.8%	-$158.4M-143.5%	$364.1M+235.0%	$108.7M+135.9%	-$303.1M-80.0%	-$168.4M+57.0%	-$391.2M	-$15.3M-122.8%	$67.1M+91.2%	$35.1M-67.2%	$107.1M+20.6%	$88.8M+499.6%	-$22.2M-155.8%	$39.9M+194.1%	$13.6M
Depreciation & Amortization	N/A	$3.5M+16.7%	$3.0M0.0%	$3.0M+11.1%	$2.7M0.0%	$2.7M-44.9%	$4.9M-26.9%	$6.7M	$5.5M-52.0%	$11.4M-74.6%	$45.1M+8.1%	$41.7M+39.1%	$30.0M+58.4%	$18.9M+75.2%	$10.8M+2.3%	$10.6M
Stock-Based Compensation	N/A	$7.3M+37.7%	$5.3M+23.3%	$4.3M+30.3%	$3.3M+26.9%	$2.6M+30.0%	$2.0M+53.8%	$1.3M	$6.6M+63.5%	$4.0M-4.9%	$4.2M+24.3%	$3.4M-79.7%	$16.8M+12.6%	$14.9M+111.2%	$7.1M-39.1%	$11.6M
Capital Expenditures	$1.0M	$2.2M0.0%	$2.2M+69.2%	$1.3M-62.9%	$3.5M+118.8%	$1.6M+166.7%	$600K-33.3%	$900K	$100K-98.4%	$6.1M-58.2%	$14.7M-10.4%	$16.4M+38.6%	$11.8M+332.5%	$2.7M+33.8%	$2.0M-24.3%	$2.7M
Free Cash Flow	$282.9M	-$199.9M-24.5%	-$160.6M-144.3%	$362.8M+244.9%	$105.2M+134.5%	-$304.7M-80.3%	-$169.0M+56.9%	-$392.1M	-$15.4M-125.2%	$61.0M+198.5%	$20.4M-77.5%	$90.7M+17.8%	$76.9M+408.4%	-$25.0M-166.0%	$37.8M+248.5%	$10.8M
Investing Cash Flow	$3.5M	$3.2M-56.2%	$7.3M+2333.3%	$300K-76.9%	$1.3M+30.0%	$1.0M-80.0%	$5.0M+725.0%	-$800K	$134.5M-68.0%	$420.7M+797.4%	-$60.3M+53.5%	-$129.7M-24.8%	-$103.9M+1.1%	-$105.1M-2047.5%	-$4.9M+81.6%	-$26.6M
Financing Cash Flow	-$81.7M	$92.5M+467.5%	$16.3M+223.5%	-$13.2M-1200.0%	$1.2M-98.0%	$61.4M-64.9%	$174.9M-60.2%	$439.8M	-$22.5M+92.9%	-$318.3M-556.4%	-$48.5M-10437.5%	$469K-99.8%	$197.1M+65.1%	$119.4M+641.8%	-$22.0M-735.2%	-$2.6M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$0-100.0%	$3.5M	$0-100.0%	$24.6M	$0-100.0%	$1.4M-89.1%	$13.0M-14.5%	$15.2M

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Operating Cash Flow	$32.7M+107.0%	$151.9M+867.2%	-$157.0M+65.1%	$256.3M+115.0%	$15.8M+125.6%	-$19.8M+66.6%	-$450.0M-187.2%	$119.2M-47.7%
Depreciation & Amortization	$700K-12.5%	$700K-30.0%	$900K+12.5%	$900K+28.6%	$800K-11.1%	$1.0M+66.7%	$800K0.0%	$700K0.0%
Stock-Based Compensation	$1.9M+26.7%	N/A	$1.9M+11.8%	N/A	$1.5M+7.1%	$1.7M-5.6%	$1.7M+88.9%	N/A
Capital Expenditures	$0-100.0%	$200K-71.4%	$100K	$700K-12.5%	$800K+33.3%	$700K+16.7%	$0-100.0%	$800K+60.0%
Free Cash Flow	$32.7M+118.0%	$151.7M+840.0%	-$157.1M+65.1%	$255.6M+115.9%	$15.0M+124.1%	-$20.5M+65.7%	-$450.0M-186.8%	$118.4M-47.9%
Investing Cash Flow	$0+100.0%	-$200K+71.4%	-$100K-111.1%	$3.8M+5.6%	-$800K-117.8%	-$700K-16.7%	$900K+550.0%	$3.6M+820.0%
Financing Cash Flow	$0+100.0%	-$1.2M-101.9%	-$10.4M-110.4%	-$70.1M-8662.5%	-$100K-150.0%	$62.8M+267.3%	$99.9M+50050.0%	-$800K+93.5%

Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.

FOR Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

FOR quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K	FY1010-K
Gross Margin	21.9%-1.9pp	23.8%+2.6pp	21.2%-0.2pp	21.3%+4.0pp	17.3%+4.6pp	12.7%-2.6pp	15.3%	1.5%	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	34.8%-36.3pp	71.1%+60.2pp	10.9%-18.7pp	29.6%+15.6pp	14.1%-1.7pp	15.7%-27.1pp	42.9%+24.2pp	18.6%
Net Margin	10.1%-3.4pp	13.5%+1.9pp	11.6%-0.2pp	11.8%+3.5pp	8.3%+1.8pp	6.5%-1.2pp	7.7%	44.0%+14.3pp	29.7%+127.2pp	-97.5%-104.4pp	7.0%-1.9pp	8.9%+1.4pp	7.5%+2.2pp	5.3%+0.2pp	5.1%
Return on Equity	9.5%-3.3pp	12.8%+0.6pp	12.2%-2.7pp	14.9%+4.1pp	10.9%+3.9pp	7.0%+2.9pp	4.1%	8.3%-2.1pp	10.5%+52.9pp	-42.5%-44.8pp	2.3%-1.8pp	4.1%+1.7pp	2.4%+1.0pp	1.4%+0.4pp	1.0%
Return on Assets	5.3%-1.8pp	7.2%+0.4pp	6.8%-0.9pp	7.6%+2.4pp	5.2%+1.8pp	3.5%+1.2pp	2.3%	6.6%-1.4pp	8.0%+29.9pp	-21.9%-23.2pp	1.3%-1.2pp	2.5%+1.1pp	1.4%+0.5pp	0.9%+0.2pp	0.7%
Debt-to-Equity	0.450.0x	0.44-0.1x	0.51-0.1x	0.59-0.1x	0.690.0x	0.74+0.2x	0.57	0.180.0x	0.20-0.6x	0.76+0.1x	0.61+0.1x	0.50-0.1x	0.56+0.1x	0.430.0x	0.43
Asset Turnover	0.530.0x	0.53-0.1x	0.58-0.1x	0.650.0x	0.63+0.1x	0.54+0.2x	0.29	0.15-0.1x	0.270.0x	0.220.0x	0.19-0.1x	0.28+0.1x	0.190.0x	0.170.0x	0.13
FCF Margin	-12.0%-1.4pp	-10.6%-35.9pp	25.3%+18.3pp	6.9%+29.9pp	-23.0%-4.8pp	-18.1%+73.4pp	-91.5%	-13.5%-44.4pp	30.9%+21.6pp	9.3%-28.7pp	38.1%+14.8pp	23.2%+37.7pp	-14.5%-42.4pp	27.9%+17.2pp	10.7%

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Gross Margin	20.7%+0.3pp	21.4%-1.1pp	20.2%-1.8pp	22.3%-1.6pp	20.4%-2.0pp	22.6%-2.3pp	22.0%-1.9pp	23.9%+2.9pp
Net Margin	8.8%+0.4pp	8.6%-0.4pp	5.6%-1.0pp	13.0%-1.8pp	8.4%-3.7pp	9.0%-4.5pp	6.6%-5.9pp	14.8%+1.6pp
Return on Equity	1.9%0.0pp	1.8%-0.2pp	0.9%-0.2pp	4.9%-0.2pp	2.0%-0.6pp	1.9%-1.1pp	1.0%-1.7pp	5.1%-0.2pp
Return on Assets	1.1%+0.1pp	1.0%0.0pp	0.5%-0.1pp	2.8%-0.1pp	1.1%-0.4pp	1.0%-0.7pp	0.6%-1.0pp	2.9%-0.1pp
Debt-to-Equity	0.43-0.1x	0.44-0.1x	0.44-0.1x	0.450.0x	0.52+0.1x	0.53+0.1x	0.500.0x	0.44-0.1x
Asset Turnover	0.130.0x	0.120.0x	0.090.0x	0.210.0x	0.130.0x	0.120.0x	0.080.0x	0.190.0x
FCF Margin	8.0%+4.2pp	40.5%+46.4pp	-57.6%	38.1%+16.6pp	3.8%+23.4pp	-5.8%+12.1pp	-179.7%	21.5%-19.9pp

Not reported in any period shown, so not listed: Operating Margin, Current Ratio.

Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: FCF Margin.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Forestar Group Inc. FOR	FY2025	$1.7B	$167.9M	10.1%	$1.3B	—
Smith Douglas Homes Corp. SDHC	FY2025	$971.1M	$10.7M	1.1%	$84.5M	18/100
Five Point Holdings, LLC FPH	FY2025	$110.0M	$183.5M	N/A	$320.3M	28/100
Sky Harbour Group Corporation SKYH	FY2025	$27.5M	$18.8M	68.3%	$369.7M	46/100
CENTURY COMMUNITIES, INC. CCS	FY2025	$4.1B	$147.6M	3.6%	$1.7B	23/100
Corporacion Inmobiliaria Vesta, S.A.B de C.V. VTMX	FY2025	$283.2M	$241.9M	85.4%	$3.0B	59/100

Where Forestar Group Inc. Ranks

Frequently Asked Questions

What is Forestar Group Inc.'s annual revenue?

Forestar Group Inc. (FOR) reported $1.7B in total revenue for fiscal year 2025. This represents a 10.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Forestar Group Inc.'s revenue growing?

Forestar Group Inc. (FOR) revenue grew by 10.1% year-over-year, from $1.5B to $1.7B in fiscal year 2025.

Is Forestar Group Inc. profitable?

Yes, Forestar Group Inc. (FOR) reported a net income of $167.9M in fiscal year 2025, with a net profit margin of 10.1%.

How much debt does Forestar Group Inc. have?

As of fiscal year 2025, Forestar Group Inc. (FOR) had $379.2M in cash and equivalents against $802.7M in long-term debt.

What is Forestar Group Inc.'s gross margin?

Forestar Group Inc. (FOR) had a gross margin of 21.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Forestar Group Inc.'s net profit margin?

Forestar Group Inc. (FOR) had a net profit margin of 10.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Forestar Group Inc.'s return on equity (ROE)?

Forestar Group Inc. (FOR) has a return on equity of 9.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Forestar Group Inc.'s free cash flow?

Forestar Group Inc. (FOR) recorded an outflow of $199.9M in free cash flow during fiscal year 2025. This represents a -24.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Forestar Group Inc.'s operating cash flow?

Forestar Group Inc. (FOR) recorded an outflow of $197.7M in operating cash flow during fiscal year 2025, representing cash used by core business activities.

What are Forestar Group Inc.'s total assets?

Forestar Group Inc. (FOR) had $3.1B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Forestar Group Inc.'s capital expenditures?

Forestar Group Inc. (FOR) invested $2.2M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How many shares does Forestar Group Inc. have outstanding?

Forestar Group Inc. (FOR) had 51M shares outstanding as of fiscal year 2025.

What is Forestar Group Inc.'s debt-to-equity ratio?

Forestar Group Inc. (FOR) had a debt-to-equity ratio of 0.45 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Forestar Group Inc.'s return on assets (ROA)?

Forestar Group Inc. (FOR) had a return on assets of 5.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Forestar Group Inc.'s P/E ratio?

Forestar Group Inc. (FOR) trades at 7.9x earnings, its market capitalization divided by net income of $170.3M net income, trailing 12 months to June 30, 2026. The market capitalization is $1.3B as of Oct 6, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Forestar Group Inc.'s price-to-sales ratio?

Forestar Group Inc. (FOR) trades at 0.8x sales, its market capitalization divided by revenue of $1.7B revenue, trailing 12 months to June 30, 2026. The market capitalization is $1.3B as of Oct 6, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

How does Forestar Group Inc.'s liquidity compare with its operating cash outflow?

At the end of fiscal year 2025, Forestar Group Inc. (FOR) held $379.2M in cash, cash equivalents and investments, and reported an operating cash outflow of $197.7M over that year. Dividing the one by the other, the reported balance equals about 23 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.

What is Forestar Group Inc.'s Piotroski F-Score?

Forestar Group Inc. (FOR) has a Piotroski F-Score of 1 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Forestar Group Inc.'s earnings high quality?

For every $1 of reported earnings, Forestar Group Inc. (FOR) used $1.18 of operating cash (-$197.7M OCF vs $167.9M net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.