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Side-by-side financial comparison of BLACKBERRY Ltd (BB) 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 $141.8M, roughly 1.9× BLACKBERRY Ltd). BLACKBERRY Ltd runs the higher net margin — 9.7% vs 5.6%, a 4.0% gap on every dollar of revenue. On growth, Forestar Group Inc. posted the faster year-over-year revenue change (9.0% vs -0.8%). BLACKBERRY Ltd produced more free cash flow last quarter ($17.4M vs $-157.1M). Over the past eight quarters, BLACKBERRY Ltd's revenue compounded faster (17.8% CAGR vs -9.6%).
BlackBerry Limited, formerly Research In Motion (RIM), is a Canadian software company specializing in secure communications and the Internet of Things (IoT). Founded in 1984, it developed the BlackBerry brand of two-way pagers, smartphones, and tablets. The company later transitioned to providing software and services and holds critical software application patents.
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...
BB vs FOR — Head-to-Head
Income Statement — Q3 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $141.8M | $273.0M |
| Net Profit | $13.7M | $15.4M |
| Gross Margin | 77.5% | 20.1% |
| Operating Margin | 8.4% | 7.6% |
| Net Margin | 9.7% | 5.6% |
| Revenue YoY | -0.8% | 9.0% |
| Net Profit YoY | 224.5% | -6.7% |
| EPS (diluted) | $0.02 | $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 | $141.8M | $273.0M | ||
| Q3 25 | $129.6M | $670.5M | ||
| Q2 25 | $121.7M | $390.5M | ||
| Q1 25 | $141.7M | $351.0M | ||
| Q4 24 | $143.6M | $250.4M | ||
| Q3 24 | $126.2M | $551.3M | ||
| Q2 24 | $123.4M | $318.4M | ||
| Q1 24 | $102.1M | $333.8M |
| Q4 25 | $13.7M | $15.4M | ||
| Q3 25 | $13.3M | $86.9M | ||
| Q2 25 | $1.9M | $32.9M | ||
| Q1 25 | $-7.4M | $31.6M | ||
| Q4 24 | $-10.5M | $16.5M | ||
| Q3 24 | $-19.7M | $81.5M | ||
| Q2 24 | $-41.4M | $38.7M | ||
| Q1 24 | $-56.2M | $45.0M |
| Q4 25 | 77.5% | 20.1% | ||
| Q3 25 | 74.5% | 22.3% | ||
| Q2 25 | 74.2% | 20.4% | ||
| Q1 25 | 73.5% | 22.6% | ||
| Q4 24 | 78.1% | 22.0% | ||
| Q3 24 | 70.2% | 23.9% | ||
| Q2 24 | 72.9% | 22.5% | ||
| Q1 24 | — | 24.9% |
| Q4 25 | 8.4% | 7.6% | ||
| Q3 25 | 8.9% | 16.9% | ||
| Q2 25 | 1.6% | 11.2% | ||
| Q1 25 | -5.6% | 11.6% | ||
| Q4 24 | 13.6% | 8.7% | ||
| Q3 24 | 1.7% | 19.7% | ||
| Q2 24 | -10.5% | 16.2% | ||
| Q1 24 | 50.0% | 17.6% |
| Q4 25 | 9.7% | 5.6% | ||
| Q3 25 | 10.3% | 13.0% | ||
| Q2 25 | 1.6% | 8.4% | ||
| Q1 25 | -5.2% | 9.0% | ||
| Q4 24 | -7.3% | 6.6% | ||
| Q3 24 | -15.6% | 14.8% | ||
| Q2 24 | -33.5% | 12.2% | ||
| Q1 24 | -55.0% | 13.5% |
| Q4 25 | $0.02 | $0.30 | ||
| Q3 25 | $0.02 | $1.70 | ||
| Q2 25 | $0.00 | $0.65 | ||
| Q1 25 | $-0.01 | $0.62 | ||
| Q4 24 | $-0.02 | $0.32 | ||
| Q3 24 | $-0.03 | $1.59 | ||
| Q2 24 | $-0.07 | $0.76 | ||
| Q1 24 | $-0.08 | $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 | $304.2M | $211.7M |
| Total DebtLower is stronger | $196.2M | $793.2M |
| Stockholders' EquityBook value | $741.1M | $1.8B |
| Total Assets | $1.2B | $3.2B |
| Debt / EquityLower = less leverage | 0.26× | 0.44× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $304.2M | $211.7M | ||
| Q3 25 | $290.5M | $379.2M | ||
| Q2 25 | $306.6M | $189.2M | ||
| Q1 25 | $337.8M | $174.3M | ||
| Q4 24 | $220.0M | $132.0M | ||
| Q3 24 | $211.0M | $481.2M | ||
| Q2 24 | $229.0M | $359.2M | ||
| Q1 24 | $237.1M | $416.2M |
| Q4 25 | $196.2M | $793.2M | ||
| Q3 25 | $195.9M | $802.7M | ||
| Q2 25 | $195.6M | $872.8M | ||
| Q1 25 | $195.3M | $872.5M | ||
| Q4 24 | — | $806.8M | ||
| Q3 24 | — | $706.4M | ||
| Q2 24 | — | $706.1M | ||
| Q1 24 | $194.1M | $705.7M |
| Q4 25 | $741.1M | $1.8B | ||
| Q3 25 | $725.1M | $1.8B | ||
| Q2 25 | $725.1M | $1.7B | ||
| Q1 25 | $719.9M | $1.6B | ||
| Q4 24 | $725.2M | $1.6B | ||
| Q3 24 | $732.1M | $1.6B | ||
| Q2 24 | $742.6M | $1.5B | ||
| Q1 24 | $775.1M | $1.5B |
| Q4 25 | $1.2B | $3.2B | ||
| Q3 25 | $1.2B | $3.1B | ||
| Q2 25 | $1.2B | $3.1B | ||
| Q1 25 | $1.3B | $3.0B | ||
| Q4 24 | $1.3B | $3.0B | ||
| Q3 24 | $1.3B | $2.8B | ||
| Q2 24 | $1.3B | $2.7B | ||
| Q1 24 | $1.4B | $2.6B |
| Q4 25 | 0.26× | 0.44× | ||
| Q3 25 | 0.27× | 0.45× | ||
| Q2 25 | 0.27× | 0.52× | ||
| Q1 25 | 0.27× | 0.53× | ||
| Q4 24 | — | 0.50× | ||
| Q3 24 | — | 0.44× | ||
| Q2 24 | — | 0.47× | ||
| Q1 24 | 0.25× | 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 | $18.3M | $-157.0M |
| Free Cash FlowOCF − Capex | $17.4M | $-157.1M |
| FCF MarginFCF / Revenue | 12.3% | -57.5% |
| Capex IntensityCapex / Revenue | 0.6% | 0.0% |
| Cash ConversionOCF / Net Profit | 1.34× | -10.19× |
| TTM Free Cash FlowTrailing 4 quarters | $42.8M | $93.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $18.3M | $-157.0M | ||
| Q3 25 | $3.9M | $256.3M | ||
| Q2 25 | $-18.0M | $15.8M | ||
| Q1 25 | $41.6M | $-19.8M | ||
| Q4 24 | $6.0M | $-450.0M | ||
| Q3 24 | $-16.0M | $119.2M | ||
| Q2 24 | $-15.1M | $-61.7M | ||
| Q1 24 | $-15.5M | $-59.2M |
| Q4 25 | $17.4M | $-157.1M | ||
| Q3 25 | $3.1M | $255.6M | ||
| Q2 25 | $-18.9M | $15.0M | ||
| Q1 25 | $41.2M | $-20.5M | ||
| Q4 24 | $5.2M | — | ||
| Q3 24 | $-16.5M | $118.4M | ||
| Q2 24 | $-16.5M | $-62.3M | ||
| Q1 24 | $-17.6M | $-59.8M |
| Q4 25 | 12.3% | -57.5% | ||
| Q3 25 | 2.4% | 38.1% | ||
| Q2 25 | -15.5% | 3.8% | ||
| Q1 25 | 29.1% | -5.8% | ||
| Q4 24 | 3.6% | — | ||
| Q3 24 | -13.1% | 21.5% | ||
| Q2 24 | -13.4% | -19.6% | ||
| Q1 24 | -17.2% | -17.9% |
| Q4 25 | 0.6% | 0.0% | ||
| Q3 25 | 0.6% | 0.1% | ||
| Q2 25 | 0.7% | 0.2% | ||
| Q1 25 | 0.3% | 0.2% | ||
| Q4 24 | 0.6% | 0.0% | ||
| Q3 24 | 0.4% | 0.1% | ||
| Q2 24 | 1.1% | 0.2% | ||
| Q1 24 | 2.1% | 0.2% |
| Q4 25 | 1.34× | -10.19× | ||
| Q3 25 | 0.29× | 2.95× | ||
| Q2 25 | -9.47× | 0.48× | ||
| Q1 25 | — | -0.63× | ||
| Q4 24 | — | -27.27× | ||
| Q3 24 | — | 1.46× | ||
| Q2 24 | — | -1.59× | ||
| Q1 24 | — | -1.32× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BB
| QNX | $68.7M | 48% |
| Secure Communication | $67.0M | 47% |
| Licensing | $6.1M | 4% |
FOR
| D.R.Horton Inc. | $183.8M | 67% |
| Other | $89.2M | 33% |
