vs
Side-by-side financial comparison of Duolingo, Inc. (DUOL) and Forestar Group Inc. (FOR). Click either name above to swap in a different company.
Duolingo, Inc. is the larger business by last-quarter revenue ($282.9M vs $273.0M, roughly 1.0× Forestar Group Inc.). Duolingo, Inc. runs the higher net margin — 14.8% vs 5.6%, a 9.2% gap on every dollar of revenue. On growth, Duolingo, Inc. posted the faster year-over-year revenue change (35.0% vs 9.0%). Duolingo, Inc. produced more free cash flow last quarter ($96.6M vs $-157.1M). Over the past eight quarters, Duolingo, Inc.'s revenue compounded faster (29.9% CAGR vs -9.6%).
Duolingo, Inc. is a leading global edtech firm operating a gamified language learning platform. It offers free and premium self-paced courses for over 40 languages, plus language certification, math learning tools, and literacy programs, serving individual learners, schools and corporate clients worldwide.
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...
DUOL vs FOR — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $282.9M | $273.0M |
| Net Profit | $42.0M | $15.4M |
| Gross Margin | 72.8% | 20.1% |
| Operating Margin | 15.4% | 7.6% |
| Net Margin | 14.8% | 5.6% |
| Revenue YoY | 35.0% | 9.0% |
| Net Profit YoY | 201.7% | -6.7% |
| EPS (diluted) | $0.99 | $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 | $282.9M | $273.0M | ||
| Q3 25 | $271.7M | $670.5M | ||
| Q2 25 | $252.3M | $390.5M | ||
| Q1 25 | $230.7M | $351.0M | ||
| Q4 24 | $209.6M | $250.4M | ||
| Q3 24 | $192.6M | $551.3M | ||
| Q2 24 | $178.3M | $318.4M | ||
| Q1 24 | $167.6M | $333.8M |
| Q4 25 | $42.0M | $15.4M | ||
| Q3 25 | $292.2M | $86.9M | ||
| Q2 25 | $44.8M | $32.9M | ||
| Q1 25 | $35.1M | $31.6M | ||
| Q4 24 | $13.9M | $16.5M | ||
| Q3 24 | $23.4M | $81.5M | ||
| Q2 24 | $24.4M | $38.7M | ||
| Q1 24 | $27.0M | $45.0M |
| Q4 25 | 72.8% | 20.1% | ||
| Q3 25 | 72.5% | 22.3% | ||
| Q2 25 | 72.4% | 20.4% | ||
| Q1 25 | 71.1% | 22.6% | ||
| Q4 24 | 71.9% | 22.0% | ||
| Q3 24 | 72.9% | 23.9% | ||
| Q2 24 | 73.4% | 22.5% | ||
| Q1 24 | 73.0% | 24.9% |
| Q4 25 | 15.4% | 7.6% | ||
| Q3 25 | 12.9% | 16.9% | ||
| Q2 25 | 13.2% | 11.2% | ||
| Q1 25 | 10.2% | 11.6% | ||
| Q4 24 | 6.6% | 8.7% | ||
| Q3 24 | 7.0% | 19.7% | ||
| Q2 24 | 10.5% | 16.2% | ||
| Q1 24 | 9.8% | 17.6% |
| Q4 25 | 14.8% | 5.6% | ||
| Q3 25 | 107.5% | 13.0% | ||
| Q2 25 | 17.8% | 8.4% | ||
| Q1 25 | 15.2% | 9.0% | ||
| Q4 24 | 6.6% | 6.6% | ||
| Q3 24 | 12.1% | 14.8% | ||
| Q2 24 | 13.7% | 12.2% | ||
| Q1 24 | 16.1% | 13.5% |
| Q4 25 | $0.99 | $0.30 | ||
| Q3 25 | $5.95 | $1.70 | ||
| Q2 25 | $0.91 | $0.65 | ||
| Q1 25 | $0.72 | $0.62 | ||
| Q4 24 | $0.31 | $0.32 | ||
| Q3 24 | $0.49 | $1.59 | ||
| Q2 24 | $0.51 | $0.76 | ||
| Q1 24 | $0.57 | $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 | $1.0B | $211.7M |
| Total DebtLower is stronger | — | $793.2M |
| Stockholders' EquityBook value | $1.3B | $1.8B |
| Total Assets | $2.0B | $3.2B |
| Debt / EquityLower = less leverage | — | 0.44× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.0B | $211.7M | ||
| Q3 25 | $1.0B | $379.2M | ||
| Q2 25 | $976.2M | $189.2M | ||
| Q1 25 | $884.0M | $174.3M | ||
| Q4 24 | $785.8M | $132.0M | ||
| Q3 24 | $854.4M | $481.2M | ||
| Q2 24 | $888.2M | $359.2M | ||
| Q1 24 | $829.7M | $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 | $1.3B | $1.8B | ||
| Q3 25 | $1.3B | $1.8B | ||
| Q2 25 | $977.0M | $1.7B | ||
| Q1 25 | $893.8M | $1.6B | ||
| Q4 24 | $824.5M | $1.6B | ||
| Q3 24 | $822.5M | $1.6B | ||
| Q2 24 | $766.9M | $1.5B | ||
| Q1 24 | $711.1M | $1.5B |
| Q4 25 | $2.0B | $3.2B | ||
| Q3 25 | $1.9B | $3.1B | ||
| Q2 25 | $1.5B | $3.1B | ||
| Q1 25 | $1.4B | $3.0B | ||
| Q4 24 | $1.3B | $3.0B | ||
| Q3 24 | $1.2B | $2.8B | ||
| Q2 24 | $1.1B | $2.7B | ||
| Q1 24 | $1.1B | $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 | $107.3M | $-157.0M |
| Free Cash FlowOCF − Capex | $96.6M | $-157.1M |
| FCF MarginFCF / Revenue | 34.1% | -57.5% |
| Capex IntensityCapex / Revenue | 3.8% | 0.0% |
| Cash ConversionOCF / Net Profit | 2.56× | -10.19× |
| TTM Free Cash FlowTrailing 4 quarters | $369.7M | $93.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $107.3M | $-157.0M | ||
| Q3 25 | $84.2M | $256.3M | ||
| Q2 25 | $90.7M | $15.8M | ||
| Q1 25 | $105.6M | $-19.8M | ||
| Q4 24 | $83.3M | $-450.0M | ||
| Q3 24 | $56.3M | $119.2M | ||
| Q2 24 | $62.4M | $-61.7M | ||
| Q1 24 | $83.5M | $-59.2M |
| Q4 25 | $96.6M | $-157.1M | ||
| Q3 25 | $79.4M | $255.6M | ||
| Q2 25 | $89.5M | $15.0M | ||
| Q1 25 | $104.3M | $-20.5M | ||
| Q4 24 | $81.4M | — | ||
| Q3 24 | $53.1M | $118.4M | ||
| Q2 24 | $56.8M | $-62.3M | ||
| Q1 24 | $82.1M | $-59.8M |
| Q4 25 | 34.1% | -57.5% | ||
| Q3 25 | 29.2% | 38.1% | ||
| Q2 25 | 35.5% | 3.8% | ||
| Q1 25 | 45.2% | -5.8% | ||
| Q4 24 | 38.8% | — | ||
| Q3 24 | 27.6% | 21.5% | ||
| Q2 24 | 31.9% | -19.6% | ||
| Q1 24 | 49.0% | -17.9% |
| Q4 25 | 3.8% | 0.0% | ||
| Q3 25 | 1.8% | 0.1% | ||
| Q2 25 | 0.5% | 0.2% | ||
| Q1 25 | 0.6% | 0.2% | ||
| Q4 24 | 0.9% | 0.0% | ||
| Q3 24 | 1.7% | 0.1% | ||
| Q2 24 | 3.1% | 0.2% | ||
| Q1 24 | 0.8% | 0.2% |
| Q4 25 | 2.56× | -10.19× | ||
| Q3 25 | 0.29× | 2.95× | ||
| Q2 25 | 2.02× | 0.48× | ||
| Q1 25 | 3.01× | -0.63× | ||
| Q4 24 | 5.99× | -27.27× | ||
| Q3 24 | 2.41× | 1.46× | ||
| Q2 24 | 2.56× | -1.59× | ||
| Q1 24 | 3.10× | -1.32× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DUOL
| License And Service | $242.3M | 86% |
| Advertising | $20.2M | 7% |
| English Test | $10.3M | 4% |
| Other | $10.1M | 4% |
FOR
| D.R.Horton Inc. | $183.8M | 67% |
| Other | $89.2M | 33% |
