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Side-by-side financial comparison of Braze, Inc. (BRZE) 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 $190.8M, roughly 1.4× Braze, Inc.). Forestar Group Inc. runs the higher net margin — 5.6% vs -18.9%, a 24.5% gap on every dollar of revenue. On growth, Braze, Inc. posted the faster year-over-year revenue change (25.5% vs 9.0%). Braze, Inc. produced more free cash flow last quarter ($19.0M vs $-157.1M). Over the past eight quarters, Braze, Inc.'s revenue compounded faster (20.7% CAGR vs -9.6%).
Braze, Inc. is an American cloud-based software company based in New York City. It is a customer engagement platform used by businesses for multichannel marketing.
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...
BRZE vs FOR — Head-to-Head
Income Statement — Q3 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $190.8M | $273.0M |
| Net Profit | $-36.0M | $15.4M |
| Gross Margin | 67.2% | 20.1% |
| Operating Margin | -19.7% | 7.6% |
| Net Margin | -18.9% | 5.6% |
| Revenue YoY | 25.5% | 9.0% |
| Net Profit YoY | -29.0% | -6.7% |
| EPS (diluted) | $-0.33 | $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 | $190.8M | $273.0M | ||
| Q3 25 | $180.1M | $670.5M | ||
| Q2 25 | $162.1M | $390.5M | ||
| Q1 25 | $160.4M | $351.0M | ||
| Q4 24 | $152.1M | $250.4M | ||
| Q3 24 | $145.5M | $551.3M | ||
| Q2 24 | $135.5M | $318.4M | ||
| Q1 24 | $131.0M | $333.8M |
| Q4 25 | $-36.0M | $15.4M | ||
| Q3 25 | $-27.9M | $86.9M | ||
| Q2 25 | $-35.8M | $32.9M | ||
| Q1 25 | $-17.2M | $31.6M | ||
| Q4 24 | $-27.9M | $16.5M | ||
| Q3 24 | $-23.0M | $81.5M | ||
| Q2 24 | $-35.6M | $38.7M | ||
| Q1 24 | $-28.3M | $45.0M |
| Q4 25 | 67.2% | 20.1% | ||
| Q3 25 | 67.7% | 22.3% | ||
| Q2 25 | 68.6% | 20.4% | ||
| Q1 25 | 69.3% | 22.6% | ||
| Q4 24 | 69.8% | 22.0% | ||
| Q3 24 | 70.2% | 23.9% | ||
| Q2 24 | 67.1% | 22.5% | ||
| Q1 24 | 67.2% | 24.9% |
| Q4 25 | -19.7% | 7.6% | ||
| Q3 25 | -21.5% | 16.9% | ||
| Q2 25 | -24.8% | 11.2% | ||
| Q1 25 | -13.4% | 11.6% | ||
| Q4 24 | -21.4% | 8.7% | ||
| Q3 24 | -19.2% | 19.7% | ||
| Q2 24 | -29.6% | 16.2% | ||
| Q1 24 | -24.7% | 17.6% |
| Q4 25 | -18.9% | 5.6% | ||
| Q3 25 | -15.5% | 13.0% | ||
| Q2 25 | -22.1% | 8.4% | ||
| Q1 25 | -10.7% | 9.0% | ||
| Q4 24 | -18.4% | 6.6% | ||
| Q3 24 | -15.8% | 14.8% | ||
| Q2 24 | -26.3% | 12.2% | ||
| Q1 24 | -21.6% | 13.5% |
| Q4 25 | $-0.33 | $0.30 | ||
| Q3 25 | $-0.26 | $1.70 | ||
| Q2 25 | $-0.34 | $0.65 | ||
| Q1 25 | $-0.17 | $0.62 | ||
| Q4 24 | $-0.27 | $0.32 | ||
| Q3 24 | $-0.23 | $1.59 | ||
| Q2 24 | $-0.35 | $0.76 | ||
| Q1 24 | $-0.28 | $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 | $97.8M | $211.7M |
| Total DebtLower is stronger | — | $793.2M |
| Stockholders' EquityBook value | $602.0M | $1.8B |
| Total Assets | $1.0B | $3.2B |
| Debt / EquityLower = less leverage | — | 0.44× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $97.8M | $211.7M | ||
| Q3 25 | $81.0M | $379.2M | ||
| Q2 25 | $231.5M | $189.2M | ||
| Q1 25 | $83.1M | $174.3M | ||
| Q4 24 | $61.3M | $132.0M | ||
| Q3 24 | $79.1M | $481.2M | ||
| Q2 24 | $74.8M | $359.2M | ||
| Q1 24 | $68.2M | $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 | $602.0M | $1.8B | ||
| Q3 25 | $598.9M | $1.8B | ||
| Q2 25 | $474.4M | $1.7B | ||
| Q1 25 | $474.9M | $1.6B | ||
| Q4 24 | $458.1M | $1.6B | ||
| Q3 24 | $453.7M | $1.6B | ||
| Q2 24 | $436.1M | $1.5B | ||
| Q1 24 | $444.2M | $1.5B |
| Q4 25 | $1.0B | $3.2B | ||
| Q3 25 | $1.0B | $3.1B | ||
| Q2 25 | $889.1M | $3.1B | ||
| Q1 25 | $871.0M | $3.0B | ||
| Q4 24 | $842.0M | $3.0B | ||
| Q3 24 | $825.6M | $2.8B | ||
| Q2 24 | $816.1M | $2.7B | ||
| Q1 24 | $810.9M | $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 | $21.0M | $-157.0M |
| Free Cash FlowOCF − Capex | $19.0M | $-157.1M |
| FCF MarginFCF / Revenue | 10.0% | -57.5% |
| Capex IntensityCapex / Revenue | 1.0% | 0.0% |
| Cash ConversionOCF / Net Profit | — | -10.19× |
| TTM Free Cash FlowTrailing 4 quarters | $63.3M | $93.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $21.0M | $-157.0M | ||
| Q3 25 | $7.0M | $256.3M | ||
| Q2 25 | $24.1M | $15.8M | ||
| Q1 25 | $17.1M | $-19.8M | ||
| Q4 24 | $-11.4M | $-450.0M | ||
| Q3 24 | $11.6M | $119.2M | ||
| Q2 24 | $19.4M | $-61.7M | ||
| Q1 24 | $3.8M | $-59.2M |
| Q4 25 | $19.0M | $-157.1M | ||
| Q3 25 | $4.3M | $255.6M | ||
| Q2 25 | $23.9M | $15.0M | ||
| Q1 25 | $16.0M | $-20.5M | ||
| Q4 24 | $-13.3M | — | ||
| Q3 24 | $8.3M | $118.4M | ||
| Q2 24 | $12.5M | $-62.3M | ||
| Q1 24 | $-2.5M | $-59.8M |
| Q4 25 | 10.0% | -57.5% | ||
| Q3 25 | 2.4% | 38.1% | ||
| Q2 25 | 14.8% | 3.8% | ||
| Q1 25 | 10.0% | -5.8% | ||
| Q4 24 | -8.8% | — | ||
| Q3 24 | 5.7% | 21.5% | ||
| Q2 24 | 9.2% | -19.6% | ||
| Q1 24 | -1.9% | -17.9% |
| Q4 25 | 1.0% | 0.0% | ||
| Q3 25 | 1.4% | 0.1% | ||
| Q2 25 | 0.1% | 0.2% | ||
| Q1 25 | 0.7% | 0.2% | ||
| Q4 24 | 1.3% | 0.0% | ||
| Q3 24 | 2.3% | 0.1% | ||
| Q2 24 | 5.1% | 0.2% | ||
| Q1 24 | 4.8% | 0.2% |
| Q4 25 | — | -10.19× | ||
| Q3 25 | — | 2.95× | ||
| Q2 25 | — | 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
BRZE
| Subscription Revenue | $181.7M | 95% |
| Professional Services Revenue | $9.2M | 5% |
FOR
| D.R.Horton Inc. | $183.8M | 67% |
| Other | $89.2M | 33% |
