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...
FOR Q1 FY2026 Key Financial Metrics
Revenue
$273.0M
Gross Profit
$55.0M
Operating Profit
$20.8M
Net Profit
$15.4M
Gross Margin
20.1%
Operating Margin
7.6%
Net Margin
5.6%
YoY Growth
9.0%
EPS
$0.30
Forestar Group Inc. Q1 FY2026 Financial Summary
Forestar Group Inc. reported revenue of $273.0M (up 9.0% YoY) for Q1 FY2026, with a net profit of $15.4M (down 6.7% YoY) (5.6% margin). Cost of goods sold was $218.0M, operating expenses totaled $34.2M.
Key Financial Metrics
| Total Revenue | $273.0M |
|---|---|
| Net Profit | $15.4M |
| Gross Margin | 20.1% |
| Operating Margin | 7.6% |
| Report Period | Q1 FY2026 |
Revenue Breakdown
Forestar Group Inc. Q1 FY2026 revenue of $273.0M breaks down across 2 segments, led by D.R.Horton Inc. at $183.8M (67.3% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| D.R.Horton Inc. | $183.8M | 67.3% |
| Other | $89.2M | 32.7% |
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).
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 |