Forestar Group Inc.FOREarnings & Financial Report
Forestar Group Inc. is a residential lot development company based in Arlington, Texas. The company has operations in 51 markets in 21 states and delivered 11,518 residential lots during the twelve-month period ended December 31, 2020. The company is publicly traded on the New York Stock Exchange and in October 2017 became a majority-owned subsidiary of D.R. Horton, Inc., the largest homebuilder by volume in the United States since 2002. The company primarily acquires entitled real estate and...
Revenue
$551.3M
Gross Profit
$131.8M
Operating Profit
$108.4M
Net Profit
$81.5M
Gross Margin
23.9%
Operating Margin
19.7%
Net Margin
14.8%
YoY Growth
0.3%
EPS
$1.59
Forestar Group Inc. Q4 FY2024 Financial Summary
Forestar Group Inc. reported revenue of $551.3M (up 0.3% YoY) for Q4 FY2024, with a net profit of $81.5M (up 12.6% YoY) (14.8% margin). Cost of goods sold was $419.5M, operating expenses totaled $23.4M.
Key Financial Metrics
| Total Revenue | $551.3M |
|---|---|
| Net Profit | $81.5M |
| Gross Margin | 23.9% |
| Operating Margin | 19.7% |
| Report Period | Q4 FY2024 |
Revenue Breakdown
Forestar Group Inc. Q4 FY2024 revenue of $551.3M breaks down across 2 segments, led by D.R.Horton Inc. at $424.8M (77.1% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| D.R.Horton Inc. | $424.8M | 77.1% |
| Other | $126.5M | 22.9% |
Forestar Group Inc. Revenue by Segment — Quarterly Trend
Forestar Group Inc. revenue by segment across the last 4 reported quarters, showing how each business line (such as D.R.Horton Inc. and Other) has evolved quarter over quarter.
| Segment | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 |
|---|---|---|---|---|
| D.R.Horton Inc. | $183.8M | $467.4M | $325.0M | $267.8M |
| Other | $89.2M | $203.1M | $65.5M | $83.2M |
Forestar Group Inc. Annual Revenue by Year
Forestar Group Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $1.7B).
| Year | Annual Revenue |
|---|---|
| 2025 | $1.7B |
| 2024 | $1.5B |
| 2023 | $1.4B |
| 2022 | $1.5B |
Forestar Group Inc. Quarterly Revenue & Net Profit History
Forestar Group Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $273.0M | +9.0% | $15.4M | 5.6% |
| Q4 FY2025 | $670.5M | +21.6% | $86.9M | 13.0% |
| Q3 FY2025 | $390.5M | +22.6% | $32.9M | 8.4% |
| Q2 FY2025 | $351.0M | +5.2% | $31.6M | 9.0% |
| Q1 FY2025 | $250.4M | -18.1% | $16.5M | 6.6% |
| Q4 FY2024 | $551.3M | +0.3% | $81.5M | 14.8% |
| Q3 FY2024 | $318.4M | -13.7% | $38.7M | 12.2% |
| Q2 FY2024 | $333.8M | +10.7% | $45.0M | 13.5% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $333.8M | $318.4M | $551.3M | $250.4M | $351.0M | $390.5M | $670.5M | $273.0M |
| YoY Growth | 10.7% | -13.7% | 0.3% | -18.1% | 5.2% | 22.6% | 21.6% | 9.0% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $2.60B | $2.67B | $2.84B | $2.96B | $3.04B | $3.12B | $3.14B | $3.18B |
| Liabilities | $1.13B | $1.16B | $1.25B | $1.35B | $1.40B | $1.44B | $1.37B | $1.39B |
| Equity | $1.47B | $1.51B | $1.59B | $1.61B | $1.64B | $1.68B | $1.77B | $1.79B |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-59.2M | $-61.7M | $119.2M | $-450.0M | $-19.8M | $15.8M | $256.3M | $-157.0M |