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Side-by-side financial comparison of Arhaus, Inc. (ARHS) and Forestar Group Inc. (FOR). Click either name above to swap in a different company.
Arhaus, Inc. is the larger business by last-quarter revenue ($364.8M vs $273.0M, roughly 1.3× Forestar Group Inc.). Forestar Group Inc. runs the higher net margin — 5.6% vs 4.1%, a 1.5% gap on every dollar of revenue. On growth, Forestar Group Inc. posted the faster year-over-year revenue change (9.0% vs 5.1%). Arhaus, Inc. produced more free cash flow last quarter ($-8.8M vs $-157.1M). Over the past eight quarters, Arhaus, Inc.'s revenue compounded faster (11.2% CAGR vs -9.6%).
Arhaus, Inc.ARHSEarnings & Financial Report
Arhaus, Inc. is an upscale American home furnishings company headquartered in Boston Heights, Ohio. Founded in 1986 with a focus on sustainability and artisanship in product quality, Arhaus provides a diversified assortment of specialty goods and services addressing omnichannel direct-to-consumer and business-to-business residential and commercial operations.
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...
ARHS vs FOR — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $364.8M | $273.0M |
| Net Profit | $15.1M | $15.4M |
| Gross Margin | 38.1% | 20.1% |
| Operating Margin | 5.6% | 7.6% |
| Net Margin | 4.1% | 5.6% |
| Revenue YoY | 5.1% | 9.0% |
| Net Profit YoY | -29.1% | -6.7% |
| EPS (diluted) | $0.11 | $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.
| Q4 25 | $364.8M | $273.0M | ||
| Q3 25 | $344.6M | $670.5M | ||
| Q2 25 | $358.4M | $390.5M | ||
| Q1 25 | $311.4M | $351.0M | ||
| Q4 24 | $347.0M | $250.4M | ||
| Q3 24 | $319.1M | $551.3M | ||
| Q2 24 | $309.8M | $318.4M | ||
| Q1 24 | $295.2M | $333.8M |
| Q4 25 | $15.1M | $15.4M | ||
| Q3 25 | $12.2M | $86.9M | ||
| Q2 25 | $35.1M | $32.9M | ||
| Q1 25 | $4.9M | $31.6M | ||
| Q4 24 | $21.3M | $16.5M | ||
| Q3 24 | $9.9M | $81.5M | ||
| Q2 24 | $22.2M | $38.7M | ||
| Q1 24 | $15.1M | $45.0M |
| Q4 25 | 38.1% | 20.1% | ||
| Q3 25 | 38.7% | 22.3% | ||
| Q2 25 | 41.4% | 20.4% | ||
| Q1 25 | 37.1% | 22.6% | ||
| Q4 24 | 40.0% | 22.0% | ||
| Q3 24 | 38.6% | 23.9% | ||
| Q2 24 | 40.1% | 22.5% | ||
| Q1 24 | 39.0% | 24.9% |
| Q4 25 | 5.6% | 7.6% | ||
| Q3 25 | 4.8% | 16.9% | ||
| Q2 25 | 13.0% | 11.2% | ||
| Q1 25 | 1.7% | 11.6% | ||
| Q4 24 | 8.2% | 8.7% | ||
| Q3 24 | 3.3% | 19.7% | ||
| Q2 24 | 9.5% | 16.2% | ||
| Q1 24 | 6.2% | 17.6% |
| Q4 25 | 4.1% | 5.6% | ||
| Q3 25 | 3.5% | 13.0% | ||
| Q2 25 | 9.8% | 8.4% | ||
| Q1 25 | 1.6% | 9.0% | ||
| Q4 24 | 6.1% | 6.6% | ||
| Q3 24 | 3.1% | 14.8% | ||
| Q2 24 | 7.2% | 12.2% | ||
| Q1 24 | 5.1% | 13.5% |
| Q4 25 | $0.11 | $0.30 | ||
| Q3 25 | $0.09 | $1.70 | ||
| Q2 25 | $0.25 | $0.65 | ||
| Q1 25 | $0.03 | $0.62 | ||
| Q4 24 | $0.15 | $0.32 | ||
| Q3 24 | $0.07 | $1.59 | ||
| Q2 24 | $0.16 | $0.76 | ||
| Q1 24 | $0.11 | $0.89 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $253.4M | $211.7M |
| Total DebtLower is stronger | — | $793.2M |
| Stockholders' EquityBook value | $418.2M | $1.8B |
| Total Assets | $1.4B | $3.2B |
| Debt / EquityLower = less leverage | — | 0.44× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $253.4M | $211.7M | ||
| Q3 25 | $262.2M | $379.2M | ||
| Q2 25 | $234.8M | $189.2M | ||
| Q1 25 | $214.4M | $174.3M | ||
| Q4 24 | $197.5M | $132.0M | ||
| Q3 24 | $177.7M | $481.2M | ||
| Q2 24 | $174.2M | $359.2M | ||
| Q1 24 | $233.2M | $416.2M |
| Q4 25 | — | $793.2M | ||
| Q3 25 | — | $802.7M | ||
| Q2 25 | — | $872.8M | ||
| Q1 25 | — | $872.5M | ||
| Q4 24 | — | $806.8M | ||
| Q3 24 | — | $706.4M | ||
| Q2 24 | — | $706.1M | ||
| Q1 24 | — | $705.7M |
| Q4 25 | $418.2M | $1.8B | ||
| Q3 25 | $400.4M | $1.8B | ||
| Q2 25 | $385.6M | $1.7B | ||
| Q1 25 | $348.8M | $1.6B | ||
| Q4 24 | $343.7M | $1.6B | ||
| Q3 24 | $320.6M | $1.6B | ||
| Q2 24 | $309.3M | $1.5B | ||
| Q1 24 | $285.6M | $1.5B |
| Q4 25 | $1.4B | $3.2B | ||
| Q3 25 | $1.4B | $3.1B | ||
| Q2 25 | $1.3B | $3.1B | ||
| Q1 25 | $1.3B | $3.0B | ||
| Q4 24 | $1.2B | $3.0B | ||
| Q3 24 | $1.2B | $2.8B | ||
| Q2 24 | $1.2B | $2.7B | ||
| Q1 24 | $1.2B | $2.6B |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $9.3M | $-157.0M |
| Free Cash FlowOCF − Capex | $-8.8M | $-157.1M |
| FCF MarginFCF / Revenue | -2.4% | -57.5% |
| Capex IntensityCapex / Revenue | 5.0% | 0.0% |
| Cash ConversionOCF / Net Profit | 0.62× | -10.19× |
| TTM Free Cash FlowTrailing 4 quarters | $59.0M | $93.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $9.3M | $-157.0M | ||
| Q3 25 | $46.1M | $256.3M | ||
| Q2 25 | $34.9M | $15.8M | ||
| Q1 25 | $46.5M | $-19.8M | ||
| Q4 24 | $31.7M | $-450.0M | ||
| Q3 24 | $31.1M | $119.2M | ||
| Q2 24 | $47.5M | $-61.7M | ||
| Q1 24 | $36.8M | $-59.2M |
| Q4 25 | $-8.8M | $-157.1M | ||
| Q3 25 | $28.0M | $255.6M | ||
| Q2 25 | $20.9M | $15.0M | ||
| Q1 25 | $18.9M | $-20.5M | ||
| Q4 24 | $13.0M | — | ||
| Q3 24 | $4.6M | $118.4M | ||
| Q2 24 | $11.3M | $-62.3M | ||
| Q1 24 | $10.9M | $-59.8M |
| Q4 25 | -2.4% | -57.5% | ||
| Q3 25 | 8.1% | 38.1% | ||
| Q2 25 | 5.8% | 3.8% | ||
| Q1 25 | 6.1% | -5.8% | ||
| Q4 24 | 3.7% | — | ||
| Q3 24 | 1.4% | 21.5% | ||
| Q2 24 | 3.6% | -19.6% | ||
| Q1 24 | 3.7% | -17.9% |
| Q4 25 | 5.0% | 0.0% | ||
| Q3 25 | 5.3% | 0.1% | ||
| Q2 25 | 3.9% | 0.2% | ||
| Q1 25 | 8.9% | 0.2% | ||
| Q4 24 | 5.4% | 0.0% | ||
| Q3 24 | 8.3% | 0.1% | ||
| Q2 24 | 11.7% | 0.2% | ||
| Q1 24 | 8.8% | 0.2% |
| Q4 25 | 0.62× | -10.19× | ||
| Q3 25 | 3.77× | 2.95× | ||
| Q2 25 | 1.00× | 0.48× | ||
| Q1 25 | 9.53× | -0.63× | ||
| Q4 24 | 1.49× | -27.27× | ||
| Q3 24 | 3.14× | 1.46× | ||
| Q2 24 | 2.14× | -1.59× | ||
| Q1 24 | 2.44× | -1.32× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ARHS
| Sales Channel Retail | $305.7M | 84% |
| Sales Channel E Commerce | $59.2M | 16% |
FOR
| D.R.Horton Inc. | $183.8M | 67% |
| Other | $89.2M | 33% |
