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Side-by-side financial comparison of National Vision Holdings, Inc. (EYE) and Forestar Group Inc. (FOR). Click either name above to swap in a different company.
National Vision Holdings, Inc. is the larger business by last-quarter revenue ($487.3M vs $273.0M, roughly 1.8× Forestar Group Inc.). Forestar Group Inc. runs the higher net margin — 5.6% vs 0.7%, a 4.9% gap on every dollar of revenue. On growth, Forestar Group Inc. posted the faster year-over-year revenue change (9.0% vs 7.9%). National Vision Holdings, Inc. produced more free cash flow last quarter ($30.3M vs $-157.1M). Over the past eight quarters, National Vision Holdings, Inc.'s revenue compounded faster (7.6% CAGR vs -9.6%).
Vision Research is an international company that manufactures high-speed digital cameras based in Wayne, New Jersey. Their cameras are marketed under the Phantom brand, and are used in a broad variety of industries including: defense, industrial product development, manufacturing, automotive, scientific research, and entertainment. Vision Research is a business unit of the Materials Analysis Division of Ametek Inc., a global manufacturer of electronic instruments and electromechanical devices.
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...
EYE vs FOR — Head-to-Head
Income Statement — Q3 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $487.3M | $273.0M |
| Net Profit | $3.4M | $15.4M |
| Gross Margin | — | 20.1% |
| Operating Margin | 2.0% | 7.6% |
| Net Margin | 0.7% | 5.6% |
| Revenue YoY | 7.9% | 9.0% |
| Net Profit YoY | 139.8% | -6.7% |
| EPS (diluted) | $0.04 | $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 | — | $273.0M | ||
| Q3 25 | $487.3M | $670.5M | ||
| Q2 25 | $486.4M | $390.5M | ||
| Q1 25 | $510.3M | $351.0M | ||
| Q4 24 | $437.3M | $250.4M | ||
| Q3 24 | $451.5M | $551.3M | ||
| Q2 24 | $451.7M | $318.4M | ||
| Q1 24 | $482.8M | $333.8M |
| Q4 25 | — | $15.4M | ||
| Q3 25 | $3.4M | $86.9M | ||
| Q2 25 | $8.7M | $32.9M | ||
| Q1 25 | $14.2M | $31.6M | ||
| Q4 24 | $-28.6M | $16.5M | ||
| Q3 24 | $-8.5M | $81.5M | ||
| Q2 24 | $-3.1M | $38.7M | ||
| Q1 24 | $11.7M | $45.0M |
| 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% |
| Q4 25 | — | 7.6% | ||
| Q3 25 | 2.0% | 16.9% | ||
| Q2 25 | 3.4% | 11.2% | ||
| Q1 25 | 5.1% | 11.6% | ||
| Q4 24 | -5.8% | 8.7% | ||
| Q3 24 | -2.0% | 19.7% | ||
| Q2 24 | 0.1% | 16.2% | ||
| Q1 24 | 4.9% | 17.6% |
| Q4 25 | — | 5.6% | ||
| Q3 25 | 0.7% | 13.0% | ||
| Q2 25 | 1.8% | 8.4% | ||
| Q1 25 | 2.8% | 9.0% | ||
| Q4 24 | -6.5% | 6.6% | ||
| Q3 24 | -1.9% | 14.8% | ||
| Q2 24 | -0.7% | 12.2% | ||
| Q1 24 | 2.4% | 13.5% |
| Q4 25 | — | $0.30 | ||
| Q3 25 | $0.04 | $1.70 | ||
| Q2 25 | $0.11 | $0.65 | ||
| Q1 25 | $0.18 | $0.62 | ||
| Q4 24 | $-0.36 | $0.32 | ||
| Q3 24 | $-0.11 | $1.59 | ||
| Q2 24 | $-0.04 | $0.76 | ||
| Q1 24 | $0.15 | $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 | $56.0M | $211.7M |
| Total DebtLower is stronger | $236.5M | $793.2M |
| Stockholders' EquityBook value | $858.8M | $1.8B |
| Total Assets | $2.0B | $3.2B |
| Debt / EquityLower = less leverage | 0.28× | 0.44× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $211.7M | ||
| Q3 25 | $56.0M | $379.2M | ||
| Q2 25 | $48.5M | $189.2M | ||
| Q1 25 | $80.0M | $174.3M | ||
| Q4 24 | $73.9M | $132.0M | ||
| Q3 24 | $81.2M | $481.2M | ||
| Q2 24 | $179.5M | $359.2M | ||
| Q1 24 | $150.1M | $416.2M |
| Q4 25 | — | $793.2M | ||
| Q3 25 | $236.5M | $802.7M | ||
| Q2 25 | $255.6M | $872.8M | ||
| Q1 25 | $244.7M | $872.5M | ||
| Q4 24 | $248.6M | $806.8M | ||
| Q3 24 | $252.8M | $706.4M | ||
| Q2 24 | $143.9M | $706.1M | ||
| Q1 24 | $448.6M | $705.7M |
| Q4 25 | — | $1.8B | ||
| Q3 25 | $858.8M | $1.8B | ||
| Q2 25 | $850.6M | $1.7B | ||
| Q1 25 | $836.2M | $1.6B | ||
| Q4 24 | $816.3M | $1.6B | ||
| Q3 24 | $840.0M | $1.6B | ||
| Q2 24 | $843.4M | $1.5B | ||
| Q1 24 | $841.3M | $1.5B |
| Q4 25 | — | $3.2B | ||
| Q3 25 | $2.0B | $3.1B | ||
| Q2 25 | $2.0B | $3.1B | ||
| Q1 25 | $2.0B | $3.0B | ||
| Q4 24 | $2.0B | $3.0B | ||
| Q3 24 | $2.0B | $2.8B | ||
| Q2 24 | $2.1B | $2.7B | ||
| Q1 24 | $2.2B | $2.6B |
| Q4 25 | — | 0.44× | ||
| Q3 25 | 0.28× | 0.45× | ||
| Q2 25 | 0.30× | 0.52× | ||
| Q1 25 | 0.29× | 0.53× | ||
| Q4 24 | 0.30× | 0.50× | ||
| Q3 24 | 0.30× | 0.44× | ||
| Q2 24 | 0.17× | 0.47× | ||
| Q1 24 | 0.53× | 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 | $46.6M | $-157.0M |
| Free Cash FlowOCF − Capex | $30.3M | $-157.1M |
| FCF MarginFCF / Revenue | 6.2% | -57.5% |
| Capex IntensityCapex / Revenue | 3.4% | 0.0% |
| Cash ConversionOCF / Net Profit | 13.83× | -10.19× |
| TTM Free Cash FlowTrailing 4 quarters | $83.0M | $93.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-157.0M | ||
| Q3 25 | $46.6M | $256.3M | ||
| Q2 25 | $54.3M | $15.8M | ||
| Q1 25 | $32.2M | $-19.8M | ||
| Q4 24 | $30.3M | $-450.0M | ||
| Q3 24 | $27.9M | $119.2M | ||
| Q2 24 | $51.5M | $-61.7M | ||
| Q1 24 | $24.0M | $-59.2M |
| Q4 25 | — | $-157.1M | ||
| Q3 25 | $30.3M | $255.6M | ||
| Q2 25 | $42.4M | $15.0M | ||
| Q1 25 | $12.0M | $-20.5M | ||
| Q4 24 | $-1.7M | — | ||
| Q3 24 | $4.1M | $118.4M | ||
| Q2 24 | $31.9M | $-62.3M | ||
| Q1 24 | $4.0M | $-59.8M |
| Q4 25 | — | -57.5% | ||
| Q3 25 | 6.2% | 38.1% | ||
| Q2 25 | 8.7% | 3.8% | ||
| Q1 25 | 2.4% | -5.8% | ||
| Q4 24 | -0.4% | — | ||
| Q3 24 | 0.9% | 21.5% | ||
| Q2 24 | 7.1% | -19.6% | ||
| Q1 24 | 0.8% | -17.9% |
| Q4 25 | — | 0.0% | ||
| Q3 25 | 3.4% | 0.1% | ||
| Q2 25 | 2.4% | 0.2% | ||
| Q1 25 | 4.0% | 0.2% | ||
| Q4 24 | 7.3% | 0.0% | ||
| Q3 24 | 5.3% | 0.1% | ||
| Q2 24 | 4.3% | 0.2% | ||
| Q1 24 | 4.1% | 0.2% |
| Q4 25 | — | -10.19× | ||
| Q3 25 | 13.83× | 2.95× | ||
| Q2 25 | 6.22× | 0.48× | ||
| Q1 25 | 2.27× | -0.63× | ||
| Q4 24 | — | -27.27× | ||
| Q3 24 | — | 1.46× | ||
| Q2 24 | — | -1.59× | ||
| Q1 24 | 2.05× | -1.32× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EYE
Segment breakdown not available.
FOR
| D.R.Horton Inc. | $183.8M | 67% |
| Other | $89.2M | 33% |
