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Side-by-side financial comparison of Forestar Group Inc. (FOR) and Iridium Communications Inc. (IRDM). Click either name above to swap in a different company.
Forestar Group Inc. is the larger business by last-quarter revenue ($273.0M vs $219.1M, roughly 1.2× Iridium Communications Inc.). Iridium Communications Inc. runs the higher net margin — 9.9% vs 5.6%, a 4.2% gap on every dollar of revenue. On growth, Forestar Group Inc. posted the faster year-over-year revenue change (9.0% vs 1.9%). Over the past eight quarters, Iridium Communications Inc.'s revenue compounded faster (4.4% 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...
Iridium Communications Inc. is a publicly traded American company headquartered in McLean, Virginia, United States. Iridium operates the Iridium satellite constellation, a system of 80 satellites: 66 are active satellites and the remaining fourteen function as in-orbit spares. Iridium Satellites are used for worldwide voice and data communication from handheld satellite phones, satellite messenger communication devices and integrated transceivers, as well as for two-way satellite messaging se...
FOR vs IRDM — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $273.0M | $219.1M |
| Net Profit | $15.4M | $21.6M |
| Gross Margin | 20.1% | — |
| Operating Margin | 7.6% | 23.2% |
| Net Margin | 5.6% | 9.9% |
| Revenue YoY | 9.0% | 1.9% |
| Net Profit YoY | -6.7% | — |
| EPS (diluted) | $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.
| Q1 26 | — | $219.1M | ||
| Q4 25 | $273.0M | $212.9M | ||
| Q3 25 | $670.5M | $226.9M | ||
| Q2 25 | $390.5M | $216.9M | ||
| Q1 25 | $351.0M | $214.9M | ||
| Q4 24 | $250.4M | $213.0M | ||
| Q3 24 | $551.3M | $212.8M | ||
| Q2 24 | $318.4M | $201.1M |
| Q1 26 | — | $21.6M | ||
| Q4 25 | $15.4M | $24.9M | ||
| Q3 25 | $86.9M | $37.1M | ||
| Q2 25 | $32.9M | $22.0M | ||
| Q1 25 | $31.6M | $30.4M | ||
| Q4 24 | $16.5M | $36.3M | ||
| Q3 24 | $81.5M | $24.4M | ||
| Q2 24 | $38.7M | $32.3M |
| Q1 26 | — | — | ||
| 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 26 | — | 23.2% | ||
| Q4 25 | 7.6% | 25.9% | ||
| Q3 25 | 16.9% | 30.9% | ||
| Q2 25 | 11.2% | 23.2% | ||
| Q1 25 | 11.6% | 28.1% | ||
| Q4 24 | 8.7% | 24.5% | ||
| Q3 24 | 19.7% | 25.8% | ||
| Q2 24 | 16.2% | 21.7% |
| Q1 26 | — | 9.9% | ||
| Q4 25 | 5.6% | 11.7% | ||
| Q3 25 | 13.0% | 16.4% | ||
| Q2 25 | 8.4% | 10.1% | ||
| Q1 25 | 9.0% | 14.2% | ||
| Q4 24 | 6.6% | 17.1% | ||
| Q3 24 | 14.8% | 11.5% | ||
| Q2 24 | 12.2% | 16.1% |
| Q1 26 | — | — | ||
| Q4 25 | $0.30 | $0.24 | ||
| Q3 25 | $1.70 | $0.35 | ||
| Q2 25 | $0.65 | $0.20 | ||
| Q1 25 | $0.62 | $0.27 | ||
| Q4 24 | $0.32 | $0.30 | ||
| Q3 24 | $1.59 | $0.21 | ||
| Q2 24 | $0.76 | $0.27 |
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 | — |
| Total DebtLower is stronger | $793.2M | — |
| Stockholders' EquityBook value | $1.8B | — |
| Total Assets | $3.2B | — |
| Debt / EquityLower = less leverage | 0.44× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $211.7M | $96.5M | ||
| Q3 25 | $379.2M | $88.5M | ||
| Q2 25 | $189.2M | $79.3M | ||
| Q1 25 | $174.3M | $50.9M | ||
| Q4 24 | $132.0M | $93.5M | ||
| Q3 24 | $481.2M | $159.6M | ||
| Q2 24 | $359.2M | $63.5M |
| Q1 26 | — | — | ||
| Q4 25 | $793.2M | $1.8B | ||
| Q3 25 | $802.7M | — | ||
| Q2 25 | $872.8M | — | ||
| Q1 25 | $872.5M | — | ||
| Q4 24 | $806.8M | $1.8B | ||
| Q3 24 | $706.4M | — | ||
| Q2 24 | $706.1M | — |
| Q1 26 | — | — | ||
| Q4 25 | $1.8B | $462.6M | ||
| Q3 25 | $1.8B | $450.5M | ||
| Q2 25 | $1.7B | $473.6M | ||
| Q1 25 | $1.6B | $518.4M | ||
| Q4 24 | $1.6B | $576.6M | ||
| Q3 24 | $1.6B | $663.8M | ||
| Q2 24 | $1.5B | $786.7M |
| Q1 26 | — | — | ||
| Q4 25 | $3.2B | $2.5B | ||
| Q3 25 | $3.1B | $2.6B | ||
| Q2 25 | $3.1B | $2.6B | ||
| Q1 25 | $3.0B | $2.6B | ||
| Q4 24 | $3.0B | $2.7B | ||
| Q3 24 | $2.8B | $2.8B | ||
| Q2 24 | $2.7B | $2.7B |
| Q1 26 | — | — | ||
| Q4 25 | 0.44× | 3.80× | ||
| Q3 25 | 0.45× | — | ||
| Q2 25 | 0.52× | — | ||
| Q1 25 | 0.53× | — | ||
| Q4 24 | 0.50× | 3.05× | ||
| Q3 24 | 0.44× | — | ||
| Q2 24 | 0.47× | — |
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 | — |
| Free Cash FlowOCF − Capex | $-157.1M | — |
| FCF MarginFCF / Revenue | -57.5% | — |
| Capex IntensityCapex / Revenue | 0.0% | 13.7% |
| Cash ConversionOCF / Net Profit | -10.19× | — |
| TTM Free Cash FlowTrailing 4 quarters | $93.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $-157.0M | $108.6M | ||
| Q3 25 | $256.3M | $100.8M | ||
| Q2 25 | $15.8M | $129.6M | ||
| Q1 25 | $-19.8M | $61.1M | ||
| Q4 24 | $-450.0M | $104.8M | ||
| Q3 24 | $119.2M | $118.6M | ||
| Q2 24 | $-61.7M | $81.1M |
| Q1 26 | — | — | ||
| Q4 25 | $-157.1M | $75.1M | ||
| Q3 25 | $255.6M | $79.2M | ||
| Q2 25 | $15.0M | $108.9M | ||
| Q1 25 | $-20.5M | $36.5M | ||
| Q4 24 | — | $80.5M | ||
| Q3 24 | $118.4M | $100.0M | ||
| Q2 24 | $-62.3M | $68.7M |
| Q1 26 | — | — | ||
| Q4 25 | -57.5% | 35.3% | ||
| Q3 25 | 38.1% | 34.9% | ||
| Q2 25 | 3.8% | 50.2% | ||
| Q1 25 | -5.8% | 17.0% | ||
| Q4 24 | — | 37.8% | ||
| Q3 24 | 21.5% | 47.0% | ||
| Q2 24 | -19.6% | 34.2% |
| Q1 26 | — | 13.7% | ||
| Q4 25 | 0.0% | 15.7% | ||
| Q3 25 | 0.1% | 9.5% | ||
| Q2 25 | 0.2% | 9.5% | ||
| Q1 25 | 0.2% | 11.4% | ||
| Q4 24 | 0.0% | 11.4% | ||
| Q3 24 | 0.1% | 8.7% | ||
| Q2 24 | 0.2% | 6.2% |
| Q1 26 | — | — | ||
| Q4 25 | -10.19× | 4.37× | ||
| Q3 25 | 2.95× | 2.71× | ||
| Q2 25 | 0.48× | 5.90× | ||
| Q1 25 | -0.63× | 2.01× | ||
| Q4 24 | -27.27× | 2.88× | ||
| Q3 24 | 1.46× | 4.85× | ||
| Q2 24 | -1.59× | 2.51× |
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% |
IRDM
| Voice and data | $57.4M | 26% |
| IoT data (2) | $46.0M | 21% |
| Government | $39.5M | 18% |
| Government service revenue (5) | $27.6M | 13% |
| Subscriber equipment | $20.2M | 9% |
| Hosted payload and other data service (4) | $14.8M | 7% |
| Broadband (3) | $12.2M | 6% |
| Commercial | $1.3M | 1% |
