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 | Q2 '26 | Q1 '26 | Q3 '25 | Q2 '25 | Q1 '25 | Q3 '24 | Q2 '24 | Q1 '24 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $374.30M | $273.00M | $390.50M | $351.00M | $250.40M | $318.40M | $333.80M | $305.90M | $368.90M | $301.50M |
| Cost of Revenue | $294.10M | $218.00M | $310.80M | $271.80M | $195.40M | $246.90M | $250.70M | $233.00M | $283.90M | $245.60M |
| Gross Profit | $80.20M | $55.00M | $79.70M | $79.20M | $55.00M | $71.50M | $83.10M | $72.90M | $85.00M | $55.90M |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $37.90M | $36.50M | $37.40M | $38.40M | $36.00M | $29.30M | $29.20M | $28.00M | $26.40M | $22.00M |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | - | $900.0K | - | - | $800.0K | - | - | $800.0K | - | - |
| Operating Income | $43.90M | $20.80M | $43.60M | $40.70M | $21.90M | $51.60M | $58.90M | $51.20M | $62.40M | $35.90M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | $11.70M | $5.40M | $10.70M | $9.10M | $5.40M | $12.90M | $13.90M | $13.00M | $15.60M | $9.00M |
| Net Income | $32.10M | $15.40M | $32.90M | $31.60M | $16.50M | $38.70M | $45.00M | $38.20M | $46.80M | $26.90M |
| EPS - Basic | $0.63 | $0.30 | $0.65 | $0.62 | $0.32 | $0.76 | $0.90 | $0.76 | $0.94 | $0.54 |
| EPS - Diluted | $0.63 | $0.30 | $0.65 | $0.62 | $0.32 | $0.76 | $0.89 | $0.76 | $0.93 | $0.54 |
Balance Sheet
| Line item | Q2 '26 | Q1 '26 | Q3 '25 | Q2 '25 | Q1 '25 | Q3 '24 | Q2 '24 | Q1 '24 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $362.20M | $211.70M | $379.20M | $174.30M | $132.00M | $481.20M | $416.20M | $458.90M | $616.00M | $286.70M |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - | - | - | - | - |
| Total Assets | $3.17B | $3.18B | $3.14B | $3.04B | $2.96B | $2.84B | $2.60B | $2.53B | $2.47B | $2.34B |
| Current Liabilities | - | - | - | - | - | - | - | - | - | - |
| Long-term Debt | $793.50M | $793.20M | $802.70M | $872.50M | $806.80M | $706.40M | $705.70M | $705.30M | $695.00M | $706.80M |
| Total Liabilities | $1.35B | $1.39B | $1.37B | $1.40B | $1.35B | $1.25B | $1.13B | $1.13B | $1.10B | $1.09B |
| Stockholders' Equity | $1.82B | $1.79B | $1.77B | $1.64B | $1.61B | $1.59B | $1.47B | $1.41B | $1.37B | $1.25B |
| Retained Earnings | $1.09B | $1.06B | $1.05B | $926.30M | $894.70M | $878.20M | $758.00M | $713.00M | $674.80M | $555.60M |
Cash Flow
| Line item | Q2 '26 | Q1 '26 | Q3 '25 | Q2 '25 | Q1 '25 | Q3 '24 | Q2 '24 | Q1 '24 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | ($157.00M) | - | - | ($450.00M) | - | - | ($156.70M) | - | - |
| Investing Cash Flow | - | ($100.0K) | - | - | $900.0K | - | - | ($200.0K) | - | - |
| Financing Cash Flow | - | ($10.40M) | - | - | $99.90M | - | - | ($200.0K) | - | - |
| CapEx | - | $100.0K | - | - | $0 | - | - | $200.0K | - | - |
| Free Cash Flow | - | ($157.10M) | - | - | ($450.00M) | - | - | ($156.90M) | - | - |
Ratios
| Metric | Q2 '26 | Q1 '26 | Q3 '25 | Q2 '25 | Q1 '25 | Q3 '24 | Q2 '24 | Q1 '24 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 21.4% | 20.1% | 20.4% | 22.6% | 22.0% | 22.5% | 24.9% | 23.8% | 23.0% | 18.5% |
| Operating margin | 11.7% | 7.6% | 11.2% | 11.6% | 8.7% | 16.2% | 17.6% | 16.7% | 16.9% | 11.9% |
| EBITDA margin | - | 7.9% | - | - | 9.1% | - | - | 17.0% | - | - |
| Net margin | 8.6% | 5.6% | 8.4% | 9.0% | 6.6% | 12.2% | 13.5% | 12.5% | 12.7% | 8.9% |
| Free cash flow margin | - | -57.5% | - | - | -179.7% | - | - | -51.3% | - | - |
| FCF / Net income | - | -10.20 | - | - | -27.27 | - | - | -4.11 | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 10.1% | 13.4% | 9.6% | 10.9% | 14.4% | 9.2% | 8.7% | 9.2% | 7.2% | 7.3% |
| Effective tax rate | 26.7% | 26.0% | 24.5% | 22.4% | 24.7% | 25.0% | 23.6% | 25.4% | 25.0% | 25.1% |
| Return on assets | 1.0% | 0.5% | 1.0% | 1.0% | 0.6% | 1.4% | 1.7% | 1.5% | 1.9% | 1.2% |
| Return on equity | 1.8% | 0.9% | 1.9% | 1.9% | 1.0% | 2.4% | 3.1% | 2.7% | 3.4% | 2.2% |
| Return on invested capital | 1.2% | 0.6% | 1.3% | 1.3% | 0.7% | 1.7% | 2.1% | 1.8% | 2.3% | 1.4% |
| Liquidity | ||||||||||
| Current ratio | - | - | - | - | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - | - | - | - | - |
| Leverage | ||||||||||
| Debt / Equity | 0.44 | 0.44 | 0.45 | 0.53 | 0.50 | 0.44 | 0.48 | 0.50 | 0.51 | 0.57 |
| Debt / Assets | 0.25 | 0.25 | 0.26 | 0.29 | 0.27 | 0.25 | 0.27 | 0.28 | 0.28 | 0.30 |
| Debt / EBITDA | - | 36.55 | - | - | 35.54 | - | - | 13.56 | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 1.74 | 1.78 | 1.77 | 1.85 | 1.84 | 1.78 | 1.77 | 1.80 | 1.80 | 1.87 |
| Liabilities / Assets | 0.43 | 0.44 | 0.44 | 0.46 | 0.45 | 0.44 | 0.43 | 0.44 | 0.45 | 0.47 |
| Efficiency | ||||||||||
| Asset turnover | 0.12 | 0.09 | 0.12 | 0.12 | 0.08 | 0.11 | 0.13 | 0.12 | 0.15 | 0.13 |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 38.8x | 82.1x | 40.9x | 34.1x | 81.0x | 42.6x | 45.2x | 43.5x | 29.0x | 28.8x |
| P / B | 0.7x | 0.7x | 0.8x | 0.7x | 0.8x | 1.0x | 1.4x | 1.2x | 1.0x | 0.6x |
| P / S | 3.3x | 4.6x | 3.5x | 3.1x | 5.3x | 5.2x | 6.1x | 5.5x | 3.7x | 2.6x |
| EV / EBITDA | - | 84.9x | - | - | 88.1x | - | - | 36.8x | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 6.6% | 9.0% | 22.6% | 5.2% | -18.1% | -13.7% | 10.7% | 41.2% | 19.6% | -28.5% |
| Revenue CAGR (3y) | 7.5% | 8.0% | 8.2% | -5.9% | -15.0% | 0.6% | 5.2% | -0.1% | 27.5% | 23.7% |
| Revenue CAGR (5y) | 5.4% | -2.3% | 17.0% | 17.1% | 0.3% | 29.3% | 38.6% | 51.4% | - | 66.5% |
| Gross profit growth (YoY) | 1.3% | 0.0% | 11.5% | -4.7% | -24.6% | -15.9% | 48.7% | 53.5% | 15.0% | -36.1% |
| Operating income growth (YoY) | 7.9% | -5.0% | -15.5% | -30.9% | -57.2% | -17.3% | 64.1% | 83.5% | 18.4% | -43.2% |
| Net income growth (YoY) | 1.6% | -6.7% | -15.0% | -29.8% | -56.8% | -17.3% | 67.3% | 83.7% | 17.9% | -43.7% |
| EPS growth (YoY) | 1.6% | -6.3% | -14.5% | -30.3% | -57.9% | -18.3% | 64.8% | 81.0% | 16.3% | -43.7% |
| EPS CAGR (3y) | 5.3% | -10.6% | -6.7% | -13.6% | -26.6% | 33.4% | 14.7% | 18.2% | 64.2% | 39.2% |
| EPS CAGR (5y) | 1.3% | -8.2% | 25.4% | 25.4% | -1.8% | 36.6% | 30.0% | 56.9% | - | 19.7% |
| FCF growth (YoY) | - | 65.1% | - | - | -186.8% | - | - | -214.4% | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 10.6% | 10.7% | 10.9% | 11.8% | 14.6% | 16.5% | 18.0% | 15.4% | 14.2% | 12.8% |
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%
Peer comparison
Same SIC group: Real Estate
Comparing Forestar Group Inc. against the 5 most active filers in the same SIC group.