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Side-by-side financial comparison of EPR PROPERTIES (EPR) 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 $182.9M, roughly 1.5× EPR PROPERTIES). EPR PROPERTIES runs the higher net margin — 36.6% vs 5.6%, a 30.9% gap on every dollar of revenue. On growth, Forestar Group Inc. posted the faster year-over-year revenue change (9.0% vs 3.2%). EPR PROPERTIES produced more free cash flow last quarter ($269.2M vs $-157.1M). Over the past eight quarters, EPR PROPERTIES's revenue compounded faster (4.6% CAGR vs -9.6%).

EPR Properties, formerly Entertainment Properties Trust, is a real estate investment trust based in Kansas City, Missouri, that invests in amusement parks, movie theaters, ski resorts, and other entertainment properties. It owns 353 properties as of 2022.

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...

EPR vs FOR — Head-to-Head

Bigger by revenue
FOR
FOR
1.5× larger
FOR
$273.0M
$182.9M
EPR
Growing faster (revenue YoY)
FOR
FOR
+5.8% gap
FOR
9.0%
3.2%
EPR
Higher net margin
EPR
EPR
30.9% more per $
EPR
36.6%
5.6%
FOR
More free cash flow
EPR
EPR
$426.3M more FCF
EPR
$269.2M
$-157.1M
FOR
Faster 2-yr revenue CAGR
EPR
EPR
Annualised
EPR
4.6%
-9.6%
FOR

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
EPR
EPR
FOR
FOR
Revenue
$182.9M
$273.0M
Net Profit
$66.9M
$15.4M
Gross Margin
20.1%
Operating Margin
56.8%
7.6%
Net Margin
36.6%
5.6%
Revenue YoY
3.2%
9.0%
Net Profit YoY
897.0%
-6.7%
EPS (diluted)
$0.80
$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.

Revenue
EPR
EPR
FOR
FOR
Q4 25
$182.9M
$273.0M
Q3 25
$182.3M
$670.5M
Q2 25
$178.1M
$390.5M
Q1 25
$175.0M
$351.0M
Q4 24
$177.2M
$250.4M
Q3 24
$180.5M
$551.3M
Q2 24
$173.1M
$318.4M
Q1 24
$167.2M
$333.8M
Net Profit
EPR
EPR
FOR
FOR
Q4 25
$66.9M
$15.4M
Q3 25
$66.6M
$86.9M
Q2 25
$75.6M
$32.9M
Q1 25
$65.8M
$31.6M
Q4 24
$-8.4M
$16.5M
Q3 24
$46.6M
$81.5M
Q2 24
$45.1M
$38.7M
Q1 24
$62.7M
$45.0M
Gross Margin
EPR
EPR
FOR
FOR
Q4 25
20.1%
Q3 25
22.3%
Q2 25
20.4%
Q1 25
22.6%
Q4 24
22.0%
Q3 24
23.9%
Q2 24
22.5%
Q1 24
24.9%
Operating Margin
EPR
EPR
FOR
FOR
Q4 25
56.8%
7.6%
Q3 25
53.5%
16.9%
Q2 25
62.5%
11.2%
Q1 25
58.1%
11.6%
Q4 24
25.5%
8.7%
Q3 24
51.4%
19.7%
Q2 24
45.9%
16.2%
Q1 24
58.8%
17.6%
Net Margin
EPR
EPR
FOR
FOR
Q4 25
36.6%
5.6%
Q3 25
36.5%
13.0%
Q2 25
42.5%
8.4%
Q1 25
37.6%
9.0%
Q4 24
-4.7%
6.6%
Q3 24
25.8%
14.8%
Q2 24
26.1%
12.2%
Q1 24
37.5%
13.5%
EPS (diluted)
EPR
EPR
FOR
FOR
Q4 25
$0.80
$0.30
Q3 25
$0.79
$1.70
Q2 25
$0.91
$0.65
Q1 25
$0.78
$0.62
Q4 24
$-0.19
$0.32
Q3 24
$0.53
$1.59
Q2 24
$0.51
$0.76
Q1 24
$0.75
$0.89

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
EPR
EPR
FOR
FOR
Cash + ST InvestmentsLiquidity on hand
$90.6M
$211.7M
Total DebtLower is stronger
$2.9B
$793.2M
Stockholders' EquityBook value
$2.3B
$1.8B
Total Assets
$5.7B
$3.2B
Debt / EquityLower = less leverage
1.26×
0.44×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EPR
EPR
FOR
FOR
Q4 25
$90.6M
$211.7M
Q3 25
$13.7M
$379.2M
Q2 25
$13.0M
$189.2M
Q1 25
$20.6M
$174.3M
Q4 24
$22.1M
$132.0M
Q3 24
$35.3M
$481.2M
Q2 24
$33.7M
$359.2M
Q1 24
$59.5M
$416.2M
Total Debt
EPR
EPR
FOR
FOR
Q4 25
$2.9B
$793.2M
Q3 25
$2.8B
$802.7M
Q2 25
$2.8B
$872.8M
Q1 25
$2.8B
$872.5M
Q4 24
$2.9B
$806.8M
Q3 24
$2.9B
$706.4M
Q2 24
$2.8B
$706.1M
Q1 24
$2.8B
$705.7M
Stockholders' Equity
EPR
EPR
FOR
FOR
Q4 25
$2.3B
$1.8B
Q3 25
$2.3B
$1.8B
Q2 25
$2.3B
$1.7B
Q1 25
$2.3B
$1.6B
Q4 24
$2.3B
$1.6B
Q3 24
$2.4B
$1.6B
Q2 24
$2.4B
$1.5B
Q1 24
$2.4B
$1.5B
Total Assets
EPR
EPR
FOR
FOR
Q4 25
$5.7B
$3.2B
Q3 25
$5.5B
$3.1B
Q2 25
$5.6B
$3.1B
Q1 25
$5.5B
$3.0B
Q4 24
$5.6B
$3.0B
Q3 24
$5.7B
$2.8B
Q2 24
$5.6B
$2.7B
Q1 24
$5.7B
$2.6B
Debt / Equity
EPR
EPR
FOR
FOR
Q4 25
1.26×
0.44×
Q3 25
1.19×
0.45×
Q2 25
1.20×
0.52×
Q1 25
1.20×
0.53×
Q4 24
1.23×
0.50×
Q3 24
1.19×
0.44×
Q2 24
1.16×
0.47×
Q1 24
1.15×
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
EPR
EPR
FOR
FOR
Operating Cash FlowLast quarter
$421.0M
$-157.0M
Free Cash FlowOCF − Capex
$269.2M
$-157.1M
FCF MarginFCF / Revenue
147.1%
-57.5%
Capex IntensityCapex / Revenue
82.9%
0.0%
Cash ConversionOCF / Net Profit
6.29×
-10.19×
TTM Free Cash FlowTrailing 4 quarters
$568.5M
$93.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EPR
EPR
FOR
FOR
Q4 25
$421.0M
$-157.0M
Q3 25
$136.5M
$256.3M
Q2 25
$87.3M
$15.8M
Q1 25
$99.4M
$-19.8M
Q4 24
$393.1M
$-450.0M
Q3 24
$122.0M
$119.2M
Q2 24
$78.7M
$-61.7M
Q1 24
$99.5M
$-59.2M
Free Cash Flow
EPR
EPR
FOR
FOR
Q4 25
$269.2M
$-157.1M
Q3 25
$132.1M
$255.6M
Q2 25
$82.4M
$15.0M
Q1 25
$84.7M
$-20.5M
Q4 24
$129.2M
Q3 24
$121.5M
$118.4M
Q2 24
$71.3M
$-62.3M
Q1 24
$65.0M
$-59.8M
FCF Margin
EPR
EPR
FOR
FOR
Q4 25
147.1%
-57.5%
Q3 25
72.5%
38.1%
Q2 25
46.3%
3.8%
Q1 25
48.4%
-5.8%
Q4 24
72.9%
Q3 24
67.3%
21.5%
Q2 24
41.2%
-19.6%
Q1 24
38.9%
-17.9%
Capex Intensity
EPR
EPR
FOR
FOR
Q4 25
82.9%
0.0%
Q3 25
2.4%
0.1%
Q2 25
2.7%
0.2%
Q1 25
8.4%
0.2%
Q4 24
148.9%
0.0%
Q3 24
0.3%
0.1%
Q2 24
4.2%
0.2%
Q1 24
20.6%
0.2%
Cash Conversion
EPR
EPR
FOR
FOR
Q4 25
6.29×
-10.19×
Q3 25
2.05×
2.95×
Q2 25
1.15×
0.48×
Q1 25
1.51×
-0.63×
Q4 24
-27.27×
Q3 24
2.62×
1.46×
Q2 24
1.74×
-1.59×
Q1 24
1.59×
-1.32×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

EPR
EPR

Experiential Reportable Operating Segment$173.3M95%
Education Reportable Operating Segment$9.5M5%

FOR
FOR

D.R.Horton Inc.$183.8M67%
Other$89.2M33%

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