vs
Side-by-side financial comparison of DELUXE CORP (DLX) and Forestar Group Inc. (FOR). Click either name above to swap in a different company.
DELUXE CORP is the larger business by last-quarter revenue ($535.2M vs $273.0M, roughly 2.0× Forestar Group Inc.). Forestar Group Inc. runs the higher net margin — 5.6% vs 2.2%, a 3.4% gap on every dollar of revenue. On growth, Forestar Group Inc. posted the faster year-over-year revenue change (9.0% vs 2.8%). Over the past eight quarters, DELUXE CORP's revenue compounded faster (0.0% CAGR vs -9.6%).
Deluxe Corporation is an American company that provides payment processing, data services, checks and promotional products, and merchant services. It operates in four divisions: B2B payments, data, print, and merchant services. As of 2025, the company serves millions of small businesses and thousands of financial institutions, processing more than $2.8 trillion in payments annually. While its legacy business centers on check printing and other printed products, payments and data services now ...
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...
DLX vs FOR — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $535.2M | $273.0M |
| Net Profit | $12.0M | $15.4M |
| Gross Margin | 52.2% | 20.1% |
| Operating Margin | 8.9% | 7.6% |
| Net Margin | 2.2% | 5.6% |
| Revenue YoY | 2.8% | 9.0% |
| Net Profit YoY | -5.0% | -6.7% |
| EPS (diluted) | $0.25 | $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 | $535.2M | $273.0M | ||
| Q3 25 | $540.2M | $670.5M | ||
| Q2 25 | $521.3M | $390.5M | ||
| Q1 25 | $536.5M | $351.0M | ||
| Q4 24 | $520.6M | $250.4M | ||
| Q3 24 | $528.4M | $551.3M | ||
| Q2 24 | $537.8M | $318.4M | ||
| Q1 24 | $535.0M | $333.8M |
| Q4 25 | $12.0M | $15.4M | ||
| Q3 25 | $33.7M | $86.9M | ||
| Q2 25 | $22.4M | $32.9M | ||
| Q1 25 | $14.0M | $31.6M | ||
| Q4 24 | $12.6M | $16.5M | ||
| Q3 24 | $8.9M | $81.5M | ||
| Q2 24 | $20.5M | $38.7M | ||
| Q1 24 | $10.8M | $45.0M |
| Q4 25 | 52.2% | 20.1% | ||
| Q3 25 | 53.9% | 22.3% | ||
| Q2 25 | 53.6% | 20.4% | ||
| Q1 25 | 52.4% | 22.6% | ||
| Q4 24 | 52.3% | 22.0% | ||
| Q3 24 | 53.3% | 23.9% | ||
| Q2 24 | 53.7% | 22.5% | ||
| Q1 24 | 53.0% | 24.9% |
| Q4 25 | 8.9% | 7.6% | ||
| Q3 25 | 14.0% | 16.9% | ||
| Q2 25 | 11.7% | 11.2% | ||
| Q1 25 | 9.0% | 11.6% | ||
| Q4 24 | 9.0% | 8.7% | ||
| Q3 24 | 7.9% | 19.7% | ||
| Q2 24 | 11.0% | 16.2% | ||
| Q1 24 | 8.3% | 17.6% |
| Q4 25 | 2.2% | 5.6% | ||
| Q3 25 | 6.2% | 13.0% | ||
| Q2 25 | 4.3% | 8.4% | ||
| Q1 25 | 2.6% | 9.0% | ||
| Q4 24 | 2.4% | 6.6% | ||
| Q3 24 | 1.7% | 14.8% | ||
| Q2 24 | 3.8% | 12.2% | ||
| Q1 24 | 2.0% | 13.5% |
| Q4 25 | $0.25 | $0.30 | ||
| Q3 25 | $0.74 | $1.70 | ||
| Q2 25 | $0.50 | $0.65 | ||
| Q1 25 | $0.31 | $0.62 | ||
| Q4 24 | $0.28 | $0.32 | ||
| Q3 24 | $0.20 | $1.59 | ||
| Q2 24 | $0.46 | $0.76 | ||
| Q1 24 | $0.24 | $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 | $36.9M | $211.7M |
| Total DebtLower is stronger | — | $793.2M |
| Stockholders' EquityBook value | $680.7M | $1.8B |
| Total Assets | $2.9B | $3.2B |
| Debt / EquityLower = less leverage | — | 0.44× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $36.9M | $211.7M | ||
| Q3 25 | $25.8M | $379.2M | ||
| Q2 25 | $26.0M | $189.2M | ||
| Q1 25 | $30.3M | $174.3M | ||
| Q4 24 | $34.4M | $132.0M | ||
| Q3 24 | $41.3M | $481.2M | ||
| Q2 24 | $23.1M | $359.2M | ||
| Q1 24 | $23.5M | $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 | $680.7M | $1.8B | ||
| Q3 25 | $664.1M | $1.8B | ||
| Q2 25 | $638.7M | $1.7B | ||
| Q1 25 | $622.5M | $1.6B | ||
| Q4 24 | $620.9M | $1.6B | ||
| Q3 24 | $612.7M | $1.6B | ||
| Q2 24 | $620.5M | $1.5B | ||
| Q1 24 | $608.4M | $1.5B |
| Q4 25 | $2.9B | $3.2B | ||
| Q3 25 | $2.6B | $3.1B | ||
| Q2 25 | $2.5B | $3.1B | ||
| Q1 25 | $2.6B | $3.0B | ||
| Q4 24 | $2.8B | $3.0B | ||
| Q3 24 | $2.6B | $2.8B | ||
| Q2 24 | $2.7B | $2.7B | ||
| Q1 24 | $2.7B | $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 | $102.1M | $-157.0M |
| Free Cash FlowOCF − Capex | — | $-157.1M |
| FCF MarginFCF / Revenue | — | -57.5% |
| Capex IntensityCapex / Revenue | — | 0.0% |
| Cash ConversionOCF / Net Profit | 8.53× | -10.19× |
| TTM Free Cash FlowTrailing 4 quarters | — | $93.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $102.1M | $-157.0M | ||
| Q3 25 | $67.1M | $256.3M | ||
| Q2 25 | $51.1M | $15.8M | ||
| Q1 25 | $50.3M | $-19.8M | ||
| Q4 24 | $60.2M | $-450.0M | ||
| Q3 24 | $67.9M | $119.2M | ||
| Q2 24 | $39.6M | $-61.7M | ||
| Q1 24 | $26.6M | $-59.2M |
| Q4 25 | — | $-157.1M | ||
| Q3 25 | — | $255.6M | ||
| Q2 25 | $27.8M | $15.0M | ||
| Q1 25 | $24.3M | $-20.5M | ||
| Q4 24 | — | — | ||
| Q3 24 | $46.7M | $118.4M | ||
| Q2 24 | $11.4M | $-62.3M | ||
| Q1 24 | $6.1M | $-59.8M |
| Q4 25 | — | -57.5% | ||
| Q3 25 | — | 38.1% | ||
| Q2 25 | 5.3% | 3.8% | ||
| Q1 25 | 4.5% | -5.8% | ||
| Q4 24 | — | — | ||
| Q3 24 | 8.8% | 21.5% | ||
| Q2 24 | 2.1% | -19.6% | ||
| Q1 24 | 1.1% | -17.9% |
| Q4 25 | — | 0.0% | ||
| Q3 25 | — | 0.1% | ||
| Q2 25 | 4.5% | 0.2% | ||
| Q1 25 | 4.8% | 0.2% | ||
| Q4 24 | — | 0.0% | ||
| Q3 24 | 4.0% | 0.1% | ||
| Q2 24 | 5.2% | 0.2% | ||
| Q1 24 | 3.8% | 0.2% |
| Q4 25 | 8.53× | -10.19× | ||
| Q3 25 | 1.99× | 2.95× | ||
| Q2 25 | 2.28× | 0.48× | ||
| Q1 25 | 3.59× | -0.63× | ||
| Q4 24 | 4.77× | -27.27× | ||
| Q3 24 | 7.60× | 1.46× | ||
| Q2 24 | 1.94× | -1.59× | ||
| Q1 24 | 2.46× | -1.32× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DLX
| Services | $247.9M | 46% |
| B2B Payments | $76.3M | 14% |
| Datadrivenmarketingsolutions | $68.5M | 13% |
| Promotional Solutions Revenue | $60.9M | 11% |
| Treasurymanagementsolutions | $59.8M | 11% |
| Other | $17.3M | 3% |
| Other Web Based Solutions | $4.6M | 1% |
FOR
| D.R.Horton Inc. | $183.8M | 67% |
| Other | $89.2M | 33% |
