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Side-by-side financial comparison of Acadian Asset Management Inc. (AAMI) and Forestar Group Inc. (FOR). Click either name above to swap in a different company.

Forestar Group Inc. is the larger business by last-quarter revenue ($273.0M vs $172.2M, roughly 1.6× Acadian Asset Management Inc.). Acadian Asset Management Inc. runs the higher net margin — 20.2% vs 5.6%, a 14.5% gap on every dollar of revenue. On growth, Forestar Group Inc. posted the faster year-over-year revenue change (9.0% vs 2.6%). Over the past eight quarters, Acadian Asset Management Inc.'s revenue compounded faster (27.6% CAGR vs -9.6%).

United Asset Management was an American holding company headquartered in Boston, Massachusetts.

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...

AAMI vs FOR — Head-to-Head

Bigger by revenue
FOR
FOR
1.6× larger
FOR
$273.0M
$172.2M
AAMI
Growing faster (revenue YoY)
FOR
FOR
+6.4% gap
FOR
9.0%
2.6%
AAMI
Higher net margin
AAMI
AAMI
14.5% more per $
AAMI
20.2%
5.6%
FOR
Faster 2-yr revenue CAGR
AAMI
AAMI
Annualised
AAMI
27.6%
-9.6%
FOR

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
AAMI
AAMI
FOR
FOR
Revenue
$172.2M
$273.0M
Net Profit
$34.7M
$15.4M
Gross Margin
20.1%
Operating Margin
33.3%
7.6%
Net Margin
20.2%
5.6%
Revenue YoY
2.6%
9.0%
Net Profit YoY
-18.4%
-6.7%
EPS (diluted)
$0.97
$0.30

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AAMI
AAMI
FOR
FOR
Q4 25
$172.2M
$273.0M
Q3 25
$144.2M
$670.5M
Q2 25
$127.4M
$390.5M
Q1 25
$119.9M
$351.0M
Q4 24
$167.8M
$250.4M
Q3 24
$123.1M
$551.3M
Q2 24
$109.0M
$318.4M
Q1 24
$105.7M
$333.8M
Net Profit
AAMI
AAMI
FOR
FOR
Q4 25
$34.7M
$15.4M
Q3 25
$15.1M
$86.9M
Q2 25
$10.1M
$32.9M
Q1 25
$20.1M
$31.6M
Q4 24
$42.5M
$16.5M
Q3 24
$16.9M
$81.5M
Q2 24
$11.0M
$38.7M
Q1 24
$14.6M
$45.0M
Gross Margin
AAMI
AAMI
FOR
FOR
Q4 25
20.1%
Q3 25
22.3%
Q2 25
20.4%
Q1 25
22.6%
Q4 24
22.0%
Q3 24
23.9%
Q2 24
22.5%
Q1 24
24.9%
Operating Margin
AAMI
AAMI
FOR
FOR
Q4 25
33.3%
7.6%
Q3 25
18.4%
16.9%
Q2 25
12.7%
11.2%
Q1 25
26.6%
11.6%
Q4 24
38.7%
8.7%
Q3 24
21.9%
19.7%
Q2 24
18.9%
16.2%
Q1 24
21.7%
17.6%
Net Margin
AAMI
AAMI
FOR
FOR
Q4 25
20.2%
5.6%
Q3 25
10.5%
13.0%
Q2 25
7.9%
8.4%
Q1 25
16.8%
9.0%
Q4 24
25.3%
6.6%
Q3 24
13.7%
14.8%
Q2 24
10.1%
12.2%
Q1 24
13.8%
13.5%
EPS (diluted)
AAMI
AAMI
FOR
FOR
Q4 25
$0.97
$0.30
Q3 25
$0.42
$1.70
Q2 25
$0.28
$0.65
Q1 25
$0.54
$0.62
Q4 24
$1.11
$0.32
Q3 24
$0.45
$1.59
Q2 24
$0.29
$0.76
Q1 24
$0.37
$0.89

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AAMI
AAMI
FOR
FOR
Cash + ST InvestmentsLiquidity on hand
$211.7M
Total DebtLower is stronger
$200.0M
$793.2M
Stockholders' EquityBook value
$1.8B
Total Assets
$677.0M
$3.2B
Debt / EquityLower = less leverage
0.44×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AAMI
AAMI
FOR
FOR
Q4 25
$211.7M
Q3 25
$379.2M
Q2 25
$189.2M
Q1 25
$174.3M
Q4 24
$132.0M
Q3 24
$481.2M
Q2 24
$359.2M
Q1 24
$416.2M
Total Debt
AAMI
AAMI
FOR
FOR
Q4 25
$200.0M
$793.2M
Q3 25
$802.7M
Q2 25
$872.8M
Q1 25
$872.5M
Q4 24
$275.0M
$806.8M
Q3 24
$706.4M
Q2 24
$706.1M
Q1 24
$705.7M
Stockholders' Equity
AAMI
AAMI
FOR
FOR
Q4 25
$1.8B
Q3 25
$1.8B
Q2 25
$1.7B
Q1 25
$1.6B
Q4 24
$1.6B
Q3 24
$1.6B
Q2 24
$1.5B
Q1 24
$1.5B
Total Assets
AAMI
AAMI
FOR
FOR
Q4 25
$677.0M
$3.2B
Q3 25
$751.4M
$3.1B
Q2 25
$672.3M
$3.1B
Q1 25
$677.3M
$3.0B
Q4 24
$703.2M
$3.0B
Q3 24
$555.2M
$2.8B
Q2 24
$533.1M
$2.7B
Q1 24
$544.9M
$2.6B
Debt / Equity
AAMI
AAMI
FOR
FOR
Q4 25
0.44×
Q3 25
0.45×
Q2 25
0.52×
Q1 25
0.53×
Q4 24
0.50×
Q3 24
0.44×
Q2 24
0.47×
Q1 24
0.48×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AAMI
AAMI
FOR
FOR
Operating Cash FlowLast quarter
$-2.4M
$-157.0M
Free Cash FlowOCF − Capex
$-157.1M
FCF MarginFCF / Revenue
-57.5%
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
-0.07×
-10.19×
TTM Free Cash FlowTrailing 4 quarters
$93.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AAMI
AAMI
FOR
FOR
Q4 25
$-2.4M
$-157.0M
Q3 25
$-23.9M
$256.3M
Q2 25
$61.6M
$15.8M
Q1 25
$-48.8M
$-19.8M
Q4 24
$55.8M
$-450.0M
Q3 24
$69.6M
$119.2M
Q2 24
$45.7M
$-61.7M
Q1 24
$-40.4M
$-59.2M
Free Cash Flow
AAMI
AAMI
FOR
FOR
Q4 25
$-157.1M
Q3 25
$255.6M
Q2 25
$15.0M
Q1 25
$-20.5M
Q4 24
Q3 24
$118.4M
Q2 24
$-62.3M
Q1 24
$-59.8M
FCF Margin
AAMI
AAMI
FOR
FOR
Q4 25
-57.5%
Q3 25
38.1%
Q2 25
3.8%
Q1 25
-5.8%
Q4 24
Q3 24
21.5%
Q2 24
-19.6%
Q1 24
-17.9%
Capex Intensity
AAMI
AAMI
FOR
FOR
Q4 25
0.0%
Q3 25
0.1%
Q2 25
0.2%
Q1 25
0.2%
Q4 24
0.0%
Q3 24
0.1%
Q2 24
0.2%
Q1 24
0.2%
Cash Conversion
AAMI
AAMI
FOR
FOR
Q4 25
-0.07×
-10.19×
Q3 25
-1.58×
2.95×
Q2 25
6.10×
0.48×
Q1 25
-2.43×
-0.63×
Q4 24
1.31×
-27.27×
Q3 24
4.12×
1.46×
Q2 24
4.15×
-1.59×
Q1 24
-2.77×
-1.32×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AAMI
AAMI

Segment breakdown not available.

FOR
FOR

D.R.Horton Inc.$183.8M67%
Other$89.2M33%

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