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Side-by-side financial comparison of Forestar Group Inc. (FOR) and MARINEMAX INC (HZO). Click either name above to swap in a different company.
MARINEMAX INC is the larger business by last-quarter revenue ($505.2M vs $273.0M, roughly 1.9× Forestar Group Inc.). Forestar Group Inc. runs the higher net margin — 5.6% vs -1.6%, a 7.2% gap on every dollar of revenue. On growth, Forestar Group Inc. posted the faster year-over-year revenue change (9.0% vs 7.8%). MARINEMAX INC produced more free cash flow last quarter ($8.3M vs $-157.1M). Over the past eight quarters, MARINEMAX INC's revenue compounded faster (-6.9% CAGR vs -9.6%).
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...
MarineMax Inc. is a leading recreational boat and yacht retailer primarily operating in the United States. It offers new and pre-owned leisure vessels, alongside related services including maintenance, repair, financing, insurance coverage, yacht chartering, and boating lifestyle events, catering to private boating enthusiasts across North America.
FOR vs HZO — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $273.0M | $505.2M |
| Net Profit | $15.4M | $-7.9M |
| Gross Margin | 20.1% | 31.8% |
| Operating Margin | 7.6% | 1.0% |
| Net Margin | 5.6% | -1.6% |
| Revenue YoY | 9.0% | 7.8% |
| Net Profit YoY | -6.7% | -143.9% |
| EPS (diluted) | $0.30 | $-0.36 |
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 | $505.2M | ||
| Q3 25 | $670.5M | $552.2M | ||
| Q2 25 | $390.5M | $657.2M | ||
| Q1 25 | $351.0M | $631.5M | ||
| Q4 24 | $250.4M | $468.5M | ||
| Q3 24 | $551.3M | $563.1M | ||
| Q2 24 | $318.4M | $757.7M | ||
| Q1 24 | $333.8M | $582.9M |
| Q4 25 | $15.4M | $-7.9M | ||
| Q3 25 | $86.9M | $-851.0K | ||
| Q2 25 | $32.9M | $-52.1M | ||
| Q1 25 | $31.6M | $3.3M | ||
| Q4 24 | $16.5M | $18.1M | ||
| Q3 24 | $81.5M | $4.0M | ||
| Q2 24 | $38.7M | $31.6M | ||
| Q1 24 | $45.0M | $1.6M |
| Q4 25 | 20.1% | 31.8% | ||
| Q3 25 | 22.3% | 34.7% | ||
| Q2 25 | 20.4% | 30.4% | ||
| Q1 25 | 22.6% | 30.0% | ||
| Q4 24 | 22.0% | 36.2% | ||
| Q3 24 | 23.9% | 34.3% | ||
| Q2 24 | 22.5% | 32.0% | ||
| Q1 24 | 24.9% | 32.7% |
| Q4 25 | 7.6% | 1.0% | ||
| Q3 25 | 16.9% | 2.5% | ||
| Q2 25 | 11.2% | -6.3% | ||
| Q1 25 | 11.6% | 3.6% | ||
| Q4 24 | 8.7% | 8.3% | ||
| Q3 24 | 19.7% | 4.8% | ||
| Q2 24 | 16.2% | 8.1% | ||
| Q1 24 | 17.6% | 3.7% |
| Q4 25 | 5.6% | -1.6% | ||
| Q3 25 | 13.0% | -0.2% | ||
| Q2 25 | 8.4% | -7.9% | ||
| Q1 25 | 9.0% | 0.5% | ||
| Q4 24 | 6.6% | 3.9% | ||
| Q3 24 | 14.8% | 0.7% | ||
| Q2 24 | 12.2% | 4.2% | ||
| Q1 24 | 13.5% | 0.3% |
| Q4 25 | $0.30 | $-0.36 | ||
| Q3 25 | $1.70 | $0.08 | ||
| Q2 25 | $0.65 | $-2.42 | ||
| Q1 25 | $0.62 | $0.14 | ||
| Q4 24 | $0.32 | $0.77 | ||
| Q3 24 | $1.59 | $0.17 | ||
| Q2 24 | $0.76 | $1.37 | ||
| Q1 24 | $0.89 | $0.07 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $211.7M | $164.6M |
| Total DebtLower is stronger | $793.2M | — |
| Stockholders' EquityBook value | $1.8B | $932.8M |
| Total Assets | $3.2B | $2.4B |
| Debt / EquityLower = less leverage | 0.44× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $211.7M | $164.6M | ||
| Q3 25 | $379.2M | $170.4M | ||
| Q2 25 | $189.2M | $151.0M | ||
| Q1 25 | $174.3M | $203.5M | ||
| Q4 24 | $132.0M | $145.0M | ||
| Q3 24 | $481.2M | $224.3M | ||
| Q2 24 | $359.2M | $242.4M | ||
| Q1 24 | $416.2M | $216.7M |
| Q4 25 | $793.2M | — | ||
| Q3 25 | $802.7M | $393.2M | ||
| Q2 25 | $872.8M | — | ||
| Q1 25 | $872.5M | — | ||
| Q4 24 | $806.8M | — | ||
| Q3 24 | $706.4M | $391.2M | ||
| Q2 24 | $706.1M | — | ||
| Q1 24 | $705.7M | — |
| Q4 25 | $1.8B | $932.8M | ||
| Q3 25 | $1.8B | $937.2M | ||
| Q2 25 | $1.7B | $940.5M | ||
| Q1 25 | $1.6B | $993.4M | ||
| Q4 24 | $1.6B | $993.5M | ||
| Q3 24 | $1.6B | $975.8M | ||
| Q2 24 | $1.5B | $967.6M | ||
| Q1 24 | $1.5B | $931.3M |
| Q4 25 | $3.2B | $2.4B | ||
| Q3 25 | $3.1B | $2.5B | ||
| Q2 25 | $3.1B | $2.5B | ||
| Q1 25 | $3.0B | $2.7B | ||
| Q4 24 | $3.0B | $2.6B | ||
| Q3 24 | $2.8B | $2.6B | ||
| Q2 24 | $2.7B | $2.6B | ||
| Q1 24 | $2.6B | $2.6B |
| Q4 25 | 0.44× | — | ||
| Q3 25 | 0.45× | 0.42× | ||
| Q2 25 | 0.52× | — | ||
| Q1 25 | 0.53× | — | ||
| Q4 24 | 0.50× | — | ||
| Q3 24 | 0.44× | 0.40× | ||
| 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 | $-157.0M | $16.9M |
| Free Cash FlowOCF − Capex | $-157.1M | $8.3M |
| FCF MarginFCF / Revenue | -57.5% | 1.7% |
| Capex IntensityCapex / Revenue | 0.0% | 1.7% |
| Cash ConversionOCF / Net Profit | -10.19× | — |
| TTM Free Cash FlowTrailing 4 quarters | $93.0M | $184.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-157.0M | $16.9M | ||
| Q3 25 | $256.3M | $61.5M | ||
| Q2 25 | $15.8M | $84.9M | ||
| Q1 25 | $-19.8M | $72.5M | ||
| Q4 24 | $-450.0M | $-146.1M | ||
| Q3 24 | $119.2M | $-782.0K | ||
| Q2 24 | $-61.7M | $86.3M | ||
| Q1 24 | $-59.2M | $-22.1M |
| Q4 25 | $-157.1M | $8.3M | ||
| Q3 25 | $255.6M | $48.0M | ||
| Q2 25 | $15.0M | $68.5M | ||
| Q1 25 | $-20.5M | $59.8M | ||
| Q4 24 | — | $-164.4M | ||
| Q3 24 | $118.4M | $-17.5M | ||
| Q2 24 | $-62.3M | $71.1M | ||
| Q1 24 | $-59.8M | $-37.3M |
| Q4 25 | -57.5% | 1.7% | ||
| Q3 25 | 38.1% | 8.7% | ||
| Q2 25 | 3.8% | 10.4% | ||
| Q1 25 | -5.8% | 9.5% | ||
| Q4 24 | — | -35.1% | ||
| Q3 24 | 21.5% | -3.1% | ||
| Q2 24 | -19.6% | 9.4% | ||
| Q1 24 | -17.9% | -6.4% |
| Q4 25 | 0.0% | 1.7% | ||
| Q3 25 | 0.1% | 2.4% | ||
| Q2 25 | 0.2% | 2.5% | ||
| Q1 25 | 0.2% | 2.0% | ||
| Q4 24 | 0.0% | 3.9% | ||
| Q3 24 | 0.1% | 3.0% | ||
| Q2 24 | 0.2% | 2.0% | ||
| Q1 24 | 0.2% | 2.6% |
| Q4 25 | -10.19× | — | ||
| Q3 25 | 2.95× | — | ||
| Q2 25 | 0.48× | — | ||
| Q1 25 | -0.63× | 21.97× | ||
| Q4 24 | -27.27× | -8.09× | ||
| Q3 24 | 1.46× | -0.20× | ||
| Q2 24 | -1.59× | 2.74× | ||
| Q1 24 | -1.32× | -13.92× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FOR
| D.R.Horton Inc. | $183.8M | 67% |
| Other | $89.2M | 33% |
HZO
Segment breakdown not available.
