greeksoup/ stock research
Stock research / United States / FOR · Real Estate · NYSE

Forestar Group Inc. (FOR)

Results announcedQ4 FY2026quarter ended 30 September 2026, announced 29 October 2026

Revenue$581 milliondown 13.4% on Q4 FY2025
Net income$59 milliondown 31.9% on Q4 FY2025
Diluted EPS$1.15$1.70 a year earlier

From the company's results press release. The tables update when the 10-Q or 10-K is filed. Read the results · Read the release

Compare with another name

Forestar Group Inc. (FOR) reported revenue of $407 million for Q3 FY2026, the quarter ended 30 June 2026, up 4.2% on the same quarter a year earlier. Net income was $36 million, up 9.1% on the year, and diluted earnings per share $0.70. The figures are the company's own, from the 10-Q it filed with the SEC on 22 July 2026.

Revenue$407 millionup 4.2%
Net income$36 millionup 9.1%
Diluted EPS$0.70
QuarterQ3 FY2026ended 30 June 2026

Forestar Group (FOR) in brief

Forestar Group (FOR) reported revenue of $1.7 billion for fiscal 2025, the year ended 30 September 2025, up 10.1% on the year before.
Read moreNet income was $168 million and diluted earnings per share $3.29. Revenue was $1.5 billion in fiscal 2024, $1.4 billion in fiscal 2023, $1.5 billion in fiscal 2022 and $1.3 billion in fiscal 2021. Net income in the same years was $203 million, $167 million, $179 million and $110 million. Over the twelve months to 30 June 2026, Forestar Group reported revenue of $1.7 billion and net income of $170 million. Revenue grew 12.3% a year, compounded, over the five years to fiscal 2025. Forestar Group had 51 million shares outstanding at the latest filed count. At 30 June 2026 it carried $794 million of debt and $395 million of cash. At the close of 29 October 2026 the market cap of Forestar Group was $1.3 billion, 7.5 times its earnings over the last twelve months.

Ratios

From the filings

ROE9.2%
ROCEn/a
Operating marginn/a
Net margin9.9%
FCF margin16.4%
Interest covern/a
Debt to equity0.43
Cash conversion1.67
Share count, last 12 months0.4%
Sales CAGR, 3 years3.1%
Profit CAGR, 3 years-2.1%
EPS, TTM$3.33

At the close of 29 October 2026

Price$25.02
Market cap$1.3 billion
Stock P/E7.51
Price to book0.69
EV / EBITDAn/a
Dividend yieldn/a
Market cap / sales0.74
52-week high$31.98
52-week low$23.09
Price, 1 year-7.6%
Price CAGR, 3 years2.2%
Price CAGR, 5 years5.0%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on long-term debt as Forestar Group Inc. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.
FORgreeksoup.ai
Daily prices to 29 October 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on FOR

Dividendsno dividend in its filings for fiscal 2010 onward
Filings12 in twelve months: 6 current reports (8-K), about 4 results of operations; 1 officer or director change; 1 shareholder vote
Planned insider sales2 Form 144 notices in twelve months, $157,311; latest 18 August 2026
Options tapeput/call 0.31 by open interest at the 29 October 2026 close; the straddle prices a 26.8% move to 20 November 2026
13F holders184 funds reported a position for the quarter to 30 June 2026; largest Dimensional Fund Advisors LP
Insider trading2 sales and 0 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest1.0 million shares short, 5.05 days to cover at 15 October 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 20 quarters

Q4 FY2021Q1 FY2022Q2 FY2022Q3 FY2022Q4 FY2022 *Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026 †Q2 FY2026Q3 FY2026
Revenue419408422308381217302369550306334318551250351390670273374407
Cost of revenue343334334235292169246284434233251247420195272311521218294323
Gross profit75.973.487.573.989.247.555.985.011672.983.171.513255.079.279.715055.080.284.1
Gross margin18%18%21%24%23%22%19%23%21%24%25%22%24%22%23%20%22%20%21%21%
SG&A19.721.524.324.123.722.922.026.426.428.029.229.332.036.038.437.442.636.537.938.3
Pre-tax income58.853.563.252.766.427.935.962.495.451.258.951.610821.940.743.611320.843.948.7
Tax rate25%24%24%25%23%25%25%25%24%25%24%25%25%25%22%25%23%26%27%26%
Net income44.040.547.839.750.820.826.946.872.438.245.038.781.516.531.632.986.915.432.135.9
Net margin11%10%11%13%13%10%9%13%13%12%13%12%15%7%9%8%13%6%9%9%
Diluted EPS$0.89$0.81$0.96$0.80$1.02$0.42$0.54$0.93$1.44$0.76$0.89$0.76$1.60$0.32$0.62$0.65$1.70$0.30$0.63$0.70
Operating cash flow37.55.870.8-86.8119-49.871.1115228-157-59.2-61.7119-450-19.815.8256-15715232.7
Capital expenditure1.11.51.00.70.30.10.20.50.50.20.60.60.80.00.70.80.70.10.20.0
Free cash flow36.44.369.8-87.5119-49.970.9114227-157-59.8-62.3118-450-20.515.0256-15715232.7
Shares outstanding50m50m50m50m50m50m50m50m50m50m51m51m51m51m51m51m51m51m51m51m
Filing10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 7 fiscal years and the trailing twelve months

FY2019FY2020 †FY2021FY2022FY2023FY2024FY2025TTM
Revenue4289321,3261,5191,4371,5091,6621,725
Cost of revenue3638141,0971,1951,1331,1501,2991,356
Gross profit65.6118229324304359364369
Gross margin15.3%12.7%17.3%21.3%21.2%23.8%21.9%21.4%
Selling, general and administrative28.945.768.493.697.7118154155
Interest expense0.00.0n/an/an/an/an/an/a
Pre-tax income45.778.1147236222270219226
Income tax9.416.436.157.054.766.751.456.0
Effective tax rate20.6%21.0%24.6%24.2%24.7%24.7%23.4%24.7%
Net income33.060.8110179167203168170
Net margin7.7%6.5%8.3%11.8%11.6%13.5%10.1%9.9%
Diluted EPS$0.79$1.26$2.25$3.59$3.33$4.00$3.29$3.33
Filing10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Cash flow and capital returned

FY2019FY2020 †FY2021FY2022FY2023FY2024FY2025TTM
Operating cash flow-391-168-303109364-158-198284
Capital expenditure0.90.61.63.51.32.22.21.0
Free cash flow-392-169-305105363-161-200283
Free cash flow margin-91.5%-18.1%-23.0%6.9%25.2%-10.6%-12.0%16.4%
Cash from investing-0.85.01.01.30.37.33.23.5
Cash from financing44017561.41.2-13.216.392.5-81.7
Depreciation and amortisation6.74.92.72.73.03.03.53.2
Share-based compensation1.32.02.63.34.35.37.37.2
Diluted shares, weighted42m48m49m50m50m51m51m51m
Shares outstanding at period endn/a48m50m50m50m51m51m51m
Filing10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2019FY2020 †FY2021FY2022FY2023FY2024FY2025TTM
Funded by
Shareholders' equity8088711,0151,1981,3691,5941,7681,857
Non-controlling interest0.60.91.01.01.01.01.01.2
Debt460641704706695706803794
Other liabilities186227381438406539565569
Total liabilities and equity1,4561,7402,1022,3432,4712,8403,1373,221
Owned
Fixed assets2.41.12.95.75.97.18.17.3
Intangible assets0.0n/an/an/an/an/an/an/a
Cash and equivalents383394154265616481379395
Other assets1,0701,3441,9452,0721,8492,3522,7502,818
Total assets1,4561,7402,1022,3432,4712,8403,1373,221
Filing10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compoundedn/a12.3%3.1%11.8%
Profit growth, compoundedn/a22.5%-2.1%4.8%
Return on equity, averagen/a12.0%11.5%9.5%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was Forestar Group's revenue in fiscal 2025?

Forestar Group (FOR) reported revenue of $1.7 billion for fiscal 2025, the year ended 30 September 2025, up 10.1% on the year before.

How much did Forestar Group earn in fiscal 2025?

Net income was $168 million for fiscal 2025, and diluted earnings per share $3.29.

What is Forestar Group's P/E ratio?

At the close of 29 October 2026, Forestar Group traded at 7.5 times its earnings over the twelve months to 30 June 2026.

What is Forestar Group's market cap?

The market cap of Forestar Group was $1.3 billion at the close of 29 October 2026.

How much debt does Forestar Group have?

At 30 June 2026 Forestar Group carried $794 million of debt and $395 million of cash.

Peers: Real Estate

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
CBRE Group, Inc. CBRE$37.1 billion27.5415.9%4.6%14.5%0.91n/a
Terreno Realty Corp. TRNO$7.1 billion17.578.8%41.4%18.0%0.213.2%
Millrose Properties, Inc. MRP$4.3 billion9.108.1%85.1%n/a0.429.8%
Curbline Properties Corp. CURB$3.5 billion119.751.2%17.6%50.6%0.262.4%
Cushman & Wakefield Ltd. CWK$3.1 billion45.243.4%4.4%11.0%1.31n/a
Urban Edge Properties UE$2.5 billion23.697.4%n/a5.5%1.214.2%
Getty Realty Corp. GTY$1.9 billion17.138.0%63.5%12.3%0.936.9%
Ellington Financial Inc. EFC$1.5 billion7.239.9%37.2%44.8%2.09n/a
Innovative Industrial Properties Inc. IIPR$1.5 billion12.127.4%51.4%-8.4%0.3314.2%
Forestar Group Inc. FOR$1.3 billion7.519.2%n/a11.8%0.43n/a
Hudson Pacific Properties, Inc. HPP$601 millionn/a-20.3%n/a1.8%1.210.0%
Tejon Ranch Co. TRC$453 million72.871.3%-0.9%25.4%0.20n/a
All 25 in Real Estate
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Brookfield Corporation BN *$88.2 billion80.590.8%n/a-12.7%0.090.8%
CBRE Group, Inc. CBRE$37.1 billion27.5415.9%4.6%14.5%0.91n/a
KE Holdings Inc. BEKE *$19.6 billion45.044.5%2.2%1.2%0.022.0%
Jones Lang Lasalle Inc. JLL$16.2 billion15.3014.3%4.9%11.4%0.28n/a
Invitation Homes Inc. INVH$15.5 billion23.337.7%11.5%7.2%0.994.5%
Compass, Inc. COMP$7.1 billion156.672.2%-2.6%67.8%1.05n/a
Terreno Realty Corp. TRNO$7.1 billion17.578.8%41.4%18.0%0.213.2%
Millrose Properties, Inc. MRP$4.3 billion9.108.1%85.1%n/a0.429.8%
St. Joe Co. JOE$4.1 billion34.0715.8%32.0%11.1%0.710.9%
Marriott Vacations Worldwide Corp. VAC$4.0 billionn/a-16.2%-3.3%1.7%2.652.8%
Curbline Properties Corp. CURB$3.5 billion119.751.2%17.6%50.6%0.262.4%
Cushman & Wakefield Ltd. CWK$3.1 billion45.243.4%4.4%11.0%1.31n/a
Newmark Group, Inc. NMRK$2.9 billion14.0210.3%7.7%20.8%1.241.3%
Urban Edge Properties UE$2.5 billion23.697.4%n/a5.5%1.214.2%
Getty Realty Corp. GTY$1.9 billion17.138.0%63.5%12.3%0.936.9%
Opendoor Technologies Inc. OPEN$1.8 billionn/a-166.4%-16.0%-37.2%2.14n/a
Ellington Financial Inc. EFC$1.5 billion7.239.9%37.2%44.8%2.09n/a
Innovative Industrial Properties Inc. IIPR$1.5 billion12.127.4%51.4%-8.4%0.3314.2%
Forestar Group Inc. FOR$1.3 billion7.519.2%n/a11.8%0.43n/a
Piedmont Realty Trust, Inc. PDM$1.2 billionn/a-6.1%13.8%2.9%1.621.3%
Marcus & Millichap, Inc. MMI$1.1 billion75.432.5%1.2%11.9%0.00n/a
Agnt, Inc. AGNT$665 millionn/a-6.1%-0.3%8.1%0.005.0%
Hudson Pacific Properties, Inc. HPP$601 millionn/a-20.3%n/a1.8%1.210.0%
Gladstone Commercial Corp. GOOD$553 million35.0715.7%n/a10.8%5.4110.5%
Tejon Ranch Co. TRC$453 million72.871.3%-0.9%25.4%0.20n/a
11 companies share its SEC industry code (Real Estate); the rest are the names nearest in size in its wider industry, Real Estate, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q30 June 202622 July 2026EDGAR
10-Q31 March 202623 April 2026EDGAR
10-Q31 December 202522 January 2026EDGAR
10-K30 September 202519 November 2025EDGAR
10-Q30 June 202523 July 2025EDGAR
10-Q31 March 202522 April 2025EDGAR
10-Q31 December 202423 January 2025EDGAR
10-K30 September 202419 November 2024EDGAR
10-Q30 June 202422 July 2024EDGAR
10-Q31 March 202423 April 2024EDGAR