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Side-by-side financial comparison of Forestar Group Inc. (FOR) and KENNAMETAL INC (KMT). Click either name above to swap in a different company.
KENNAMETAL INC is the larger business by last-quarter revenue ($529.5M vs $273.0M, roughly 1.9× Forestar Group Inc.). KENNAMETAL INC runs the higher net margin — 6.4% vs 5.6%, a 0.8% gap on every dollar of revenue. On growth, KENNAMETAL INC posted the faster year-over-year revenue change (9.8% vs 9.0%). KENNAMETAL INC produced more free cash flow last quarter ($42.4M vs $-157.1M). Over the past eight quarters, KENNAMETAL INC's revenue compounded faster (1.3% 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...
Kennametal, Inc. is a manufacturer of high-performance cutting tools and engineered components used in the aerospace, defense, transportation and oil and gas drilling industries. Its customer base is global.
FOR vs KMT — Head-to-Head
Income Statement — Q1 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $273.0M | $529.5M |
| Net Profit | $15.4M | $33.9M |
| Gross Margin | 20.1% | 32.8% |
| Operating Margin | 7.6% | 9.9% |
| Net Margin | 5.6% | 6.4% |
| Revenue YoY | 9.0% | 9.8% |
| Net Profit YoY | -6.7% | 89.0% |
| EPS (diluted) | $0.30 | $0.44 |
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 | $529.5M | ||
| Q3 25 | $670.5M | $498.0M | ||
| Q2 25 | $390.5M | $516.4M | ||
| Q1 25 | $351.0M | $486.4M | ||
| Q4 24 | $250.4M | $482.1M | ||
| Q3 24 | $551.3M | $481.9M | ||
| Q2 24 | $318.4M | $543.3M | ||
| Q1 24 | $333.8M | $515.8M |
| Q4 25 | $15.4M | $33.9M | ||
| Q3 25 | $86.9M | $23.3M | ||
| Q2 25 | $32.9M | $21.6M | ||
| Q1 25 | $31.6M | $31.5M | ||
| Q4 24 | $16.5M | $17.9M | ||
| Q3 24 | $81.5M | $22.1M | ||
| Q2 24 | $38.7M | $37.2M | ||
| Q1 24 | $45.0M | $19.0M |
| Q4 25 | 20.1% | 32.8% | ||
| Q3 25 | 22.3% | 31.0% | ||
| Q2 25 | 20.4% | 28.2% | ||
| Q1 25 | 22.6% | 32.1% | ||
| Q4 24 | 22.0% | 30.1% | ||
| Q3 24 | 23.9% | 31.3% | ||
| Q2 24 | 22.5% | 31.5% | ||
| Q1 24 | 24.9% | 29.7% |
| Q4 25 | 7.6% | 9.9% | ||
| Q3 25 | 16.9% | 7.5% | ||
| Q2 25 | 11.2% | 6.1% | ||
| Q1 25 | 11.6% | 9.1% | ||
| Q4 24 | 8.7% | 6.6% | ||
| Q3 24 | 19.7% | 7.5% | ||
| Q2 24 | 16.2% | 11.3% | ||
| Q1 24 | 17.6% | 6.8% |
| Q4 25 | 5.6% | 6.4% | ||
| Q3 25 | 13.0% | 4.7% | ||
| Q2 25 | 8.4% | 4.2% | ||
| Q1 25 | 9.0% | 6.5% | ||
| Q4 24 | 6.6% | 3.7% | ||
| Q3 24 | 14.8% | 4.6% | ||
| Q2 24 | 12.2% | 6.8% | ||
| Q1 24 | 13.5% | 3.7% |
| Q4 25 | $0.30 | $0.44 | ||
| Q3 25 | $1.70 | $0.30 | ||
| Q2 25 | $0.65 | $0.28 | ||
| Q1 25 | $0.62 | $0.41 | ||
| Q4 24 | $0.32 | $0.23 | ||
| Q3 24 | $1.59 | $0.28 | ||
| Q2 24 | $0.76 | $0.47 | ||
| Q1 24 | $0.89 | $0.24 |
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 | $129.3M |
| Total DebtLower is stronger | $793.2M | $597.2M |
| Stockholders' EquityBook value | $1.8B | $1.3B |
| Total Assets | $3.2B | $2.6B |
| Debt / EquityLower = less leverage | 0.44× | 0.45× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $211.7M | $129.3M | ||
| Q3 25 | $379.2M | $103.5M | ||
| Q2 25 | $189.2M | $140.5M | ||
| Q1 25 | $174.3M | $97.5M | ||
| Q4 24 | $132.0M | $121.2M | ||
| Q3 24 | $481.2M | $119.6M | ||
| Q2 24 | $359.2M | $128.0M | ||
| Q1 24 | $416.2M | $92.1M |
| Q4 25 | $793.2M | $597.2M | ||
| Q3 25 | $802.7M | $597.0M | ||
| Q2 25 | $872.8M | $596.8M | ||
| Q1 25 | $872.5M | $596.6M | ||
| Q4 24 | $806.8M | $596.4M | ||
| Q3 24 | $706.4M | $596.2M | ||
| Q2 24 | $706.1M | $596.0M | ||
| Q1 24 | $705.7M | $595.8M |
| Q4 25 | $1.8B | $1.3B | ||
| Q3 25 | $1.8B | $1.3B | ||
| Q2 25 | $1.7B | $1.3B | ||
| Q1 25 | $1.6B | $1.2B | ||
| Q4 24 | $1.6B | $1.2B | ||
| Q3 24 | $1.6B | $1.3B | ||
| Q2 24 | $1.5B | $1.2B | ||
| Q1 24 | $1.5B | $1.3B |
| Q4 25 | $3.2B | $2.6B | ||
| Q3 25 | $3.1B | $2.5B | ||
| Q2 25 | $3.1B | $2.5B | ||
| Q1 25 | $3.0B | $2.5B | ||
| Q4 24 | $3.0B | $2.4B | ||
| Q3 24 | $2.8B | $2.5B | ||
| Q2 24 | $2.7B | $2.5B | ||
| Q1 24 | $2.6B | $2.5B |
| Q4 25 | 0.44× | 0.45× | ||
| Q3 25 | 0.45× | 0.46× | ||
| Q2 25 | 0.52× | 0.46× | ||
| Q1 25 | 0.53× | 0.48× | ||
| Q4 24 | 0.50× | 0.49× | ||
| Q3 24 | 0.44× | 0.47× | ||
| Q2 24 | 0.47× | 0.48× | ||
| Q1 24 | 0.48× | 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 | $55.1M |
| Free Cash FlowOCF − Capex | $-157.1M | $42.4M |
| FCF MarginFCF / Revenue | -57.5% | 8.0% |
| Capex IntensityCapex / Revenue | 0.0% | 2.4% |
| Cash ConversionOCF / Net Profit | -10.19× | 1.63× |
| TTM Free Cash FlowTrailing 4 quarters | $93.0M | $99.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-157.0M | $55.1M | ||
| Q3 25 | $256.3M | $17.5M | ||
| Q2 25 | $15.8M | $78.6M | ||
| Q1 25 | $-19.8M | $28.8M | ||
| Q4 24 | $-450.0M | $55.2M | ||
| Q3 24 | $119.2M | $45.7M | ||
| Q2 24 | $-61.7M | $113.6M | ||
| Q1 24 | $-59.2M | $75.2M |
| Q4 25 | $-157.1M | $42.4M | ||
| Q3 25 | $255.6M | $-5.5M | ||
| Q2 25 | $15.0M | $57.1M | ||
| Q1 25 | $-20.5M | $5.3M | ||
| Q4 24 | — | $35.9M | ||
| Q3 24 | $118.4M | $21.0M | ||
| Q2 24 | $-62.3M | $90.3M | ||
| Q1 24 | $-59.8M | $48.4M |
| Q4 25 | -57.5% | 8.0% | ||
| Q3 25 | 38.1% | -1.1% | ||
| Q2 25 | 3.8% | 11.1% | ||
| Q1 25 | -5.8% | 1.1% | ||
| Q4 24 | — | 7.5% | ||
| Q3 24 | 21.5% | 4.4% | ||
| Q2 24 | -19.6% | 16.6% | ||
| Q1 24 | -17.9% | 9.4% |
| Q4 25 | 0.0% | 2.4% | ||
| Q3 25 | 0.1% | 4.6% | ||
| Q2 25 | 0.2% | 4.2% | ||
| Q1 25 | 0.2% | 4.8% | ||
| Q4 24 | 0.0% | 4.0% | ||
| Q3 24 | 0.1% | 5.1% | ||
| Q2 24 | 0.2% | 4.3% | ||
| Q1 24 | 0.2% | 5.2% |
| Q4 25 | -10.19× | 1.63× | ||
| Q3 25 | 2.95× | 0.75× | ||
| Q2 25 | 0.48× | 3.64× | ||
| Q1 25 | -0.63× | 0.92× | ||
| Q4 24 | -27.27× | 3.08× | ||
| Q3 24 | 1.46× | 2.07× | ||
| Q2 24 | -1.59× | 3.06× | ||
| Q1 24 | -1.32× | 3.96× |
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% |
KMT
| Metal Cutting | $331.1M | 63% |
| Infrastructure | $198.5M | 37% |
