FOR · Forestar Group Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $1.66B | $1.51B | $1.44B | $1.52B | $1.33B | $931.80M |
| Cost of Revenue | $1.30B | $1.15B | $1.13B | $1.20B | $1.10B | $813.70M |
| Gross Profit | $363.50M | $359.30M | $304.10M | $324.00M | $229.20M | $118.10M |
| R&D | - | - | - | - | - | - |
| SG&A | $154.40M | $118.50M | $97.70M | $93.60M | $68.40M | $45.70M |
| Total Operating Expenses | - | - | - | - | - | - |
| D&A | $3.50M | $3.00M | $3.00M | $2.70M | $2.70M | $4.90M |
| Operating Income | $219.30M | $270.10M | $221.60M | $235.80M | $146.60M | $78.10M |
| Interest Expense | - | - | - | - | - | $0 |
| Income Tax | $51.40M | $66.70M | $54.70M | $57.00M | $36.10M | $16.40M |
| Net Income | $167.90M | $203.40M | $166.90M | $178.80M | $110.20M | $60.80M |
| EPS - Basic | $3.30 | $4.03 | $3.34 | $3.59 | $2.25 | $1.26 |
| EPS - Diluted | $3.29 | $4.00 | $3.33 | $3.59 | $2.25 | $1.26 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $379.20M | $481.20M | $616.00M | $264.80M | $153.60M | $394.30M |
| Accounts Receivable | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - |
| Total Assets | $3.14B | $2.84B | $2.47B | $2.34B | $2.10B | $1.74B |
| Current Liabilities | - | - | - | - | - | - |
| Long-term Debt | $802.70M | $706.40M | $695.00M | $706.00M | $704.50M | $641.10M |
| Total Liabilities | $1.37B | $1.25B | $1.10B | $1.14B | $1.09B | $868.10M |
| Stockholders' Equity | $1.77B | $1.59B | $1.37B | $1.20B | $1.01B | $870.90M |
| Retained Earnings | $1.05B | $878.20M | $674.80M | $507.90M | $329.10M | $218.90M |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | ($197.70M) | ($158.40M) | $364.10M | $108.70M | ($303.10M) | $168.40M |
| Investing Cash Flow | $3.20M | $7.30M | $300.0K | $1.30M | $1.00M | $5.00M |
| Financing Cash Flow | $92.50M | $16.30M | ($13.20M) | $1.20M | $61.40M | $174.90M |
| CapEx | $2.20M | $2.20M | $1.30M | $3.50M | $1.60M | $600.0K |
| Free Cash Flow | ($199.90M) | ($160.60M) | $362.80M | $105.20M | ($304.70M) | $167.80M |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 21.9% | 23.8% | 21.2% | 21.3% | 17.3% | 12.7% |
| Operating margin | 13.2% | 17.9% | 15.4% | 15.5% | 11.1% | 8.4% |
| EBITDA margin | 13.4% | 18.1% | 15.6% | 15.7% | 11.3% | 8.9% |
| Net margin | 10.1% | 13.5% | 11.6% | 11.8% | 8.3% | 6.5% |
| Free cash flow margin | -12.0% | -10.6% | 25.2% | 6.9% | -23.0% | 18.0% |
| FCF / Net income | -1.19 | -0.79 | 2.17 | 0.59 | -2.76 | 2.76 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 9.3% | 7.9% | 6.8% | 6.2% | 5.2% | 4.9% |
| Effective tax rate | 23.4% | 24.7% | 24.7% | 24.2% | 24.7% | 21.2% |
| Return on assets | 5.4% | 7.2% | 6.8% | 7.6% | 5.2% | 3.5% |
| Return on equity | 9.5% | 12.8% | 12.2% | 14.9% | 10.9% | 7.0% |
| Return on invested capital | 6.5% | 8.8% | 8.1% | 9.4% | 6.4% | 4.1% |
| Liquidity | ||||||
| Current ratio | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - |
| Leverage | ||||||
| Debt / Equity | 0.45 | 0.44 | 0.51 | 0.59 | 0.69 | 0.74 |
| Debt / Assets | 0.26 | 0.25 | 0.28 | 0.30 | 0.34 | 0.37 |
| Debt / EBITDA | 3.60 | 2.59 | 3.09 | 2.96 | 4.72 | 7.72 |
| Interest coverage | - | - | - | - | - | - |
| Equity multiplier | 1.77 | 1.78 | 1.80 | 1.96 | 2.07 | 2.00 |
| Liabilities / Assets | 0.44 | 0.44 | 0.45 | 0.49 | 0.52 | 0.50 |
| Efficiency | ||||||
| Asset turnover | 0.53 | 0.53 | 0.58 | 0.65 | 0.63 | 0.54 |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | 8.1x | 8.1x | 8.1x | 3.1x | 8.3x | 14.0x |
| P / B | 0.8x | 1.0x | 1.0x | 0.5x | 0.9x | 1.0x |
| P / S | 0.8x | 1.1x | 0.9x | 0.4x | 0.7x | 0.9x |
| EV / EBITDA | 8.0x | 6.8x | 6.4x | 4.2x | 9.8x | 13.2x |
| Growth | ||||||
| Revenue growth (YoY) | 10.1% | 5.0% | -5.4% | 14.6% | 42.3% | 715.2% |
| Revenue CAGR (3y) | 3.1% | 4.4% | 15.5% | 136.9% | - | 101.2% |
| Revenue CAGR (5y) | 12.3% | 67.6% | - | 67.8% | 46.4% | 28.8% |
| Gross profit growth (YoY) | 1.2% | 18.2% | -6.1% | 41.4% | 94.1% | 6847.1% |
| Operating income growth (YoY) | -18.8% | 21.9% | -6.0% | 60.8% | 87.7% | 70.9% |
| Net income growth (YoY) | -17.5% | 21.9% | -6.7% | 62.3% | 81.3% | 84.2% |
| EPS growth (YoY) | -17.8% | 20.1% | -7.2% | 59.6% | 78.6% | 59.5% |
| EPS CAGR (3y) | -2.9% | 21.1% | 38.3% | 65.6% | - | 1.9% |
| EPS CAGR (5y) | 21.2% | 38.3% | - | 24.7% | 10.3% | - |
| FCF growth (YoY) | -24.5% | - | 244.9% | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | 52.4% |
| Book value growth (YoY) | 10.9% | 16.5% | 14.2% | 18.1% | 16.5% | 7.7% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2020-09-30.
Business segments
$887.60M totalD.R.Horton Inc.$887.60M · 100.0%
Stability scores
Piotroski F-score
FY 2025 · 9-point quality
2/9
Weak
- ✓Net income positive
- ✗Operating cash flow positive
- ✗ROA improved YoY
- ✗Cash flow > net income
- ✗Long-term debt decreased
- -Current ratio improved
- ✓No share dilution
- ✗Gross margin improved
- ✗Asset turnover improved
Peer comparison
Same SIC group: Real Estate
Comparing Forestar Group Inc. against the 5 most active filers in the same SIC group.