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Side-by-side financial comparison of Forestar Group Inc. (FOR) and Limbach Holdings, Inc. (LMB). Click either name above to swap in a different company.
Forestar Group Inc. is the larger business by last-quarter revenue ($273.0M vs $186.9M, roughly 1.5× Limbach Holdings, Inc.). Limbach Holdings, Inc. runs the higher net margin — 6.6% vs 5.6%, a 0.9% gap on every dollar of revenue. On growth, Limbach Holdings, Inc. posted the faster year-over-year revenue change (30.1% vs 9.0%). Limbach Holdings, Inc. produced more free cash flow last quarter ($27.9M vs $-157.1M). Over the past eight quarters, Limbach Holdings, Inc.'s revenue compounded faster (25.3% 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...
Limbach Flugmotoren is a Chinese-owned company based in Germany that produces aircraft engines.
FOR vs LMB — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $273.0M | $186.9M |
| Net Profit | $15.4M | $12.3M |
| Gross Margin | 20.1% | 25.7% |
| Operating Margin | 7.6% | 9.4% |
| Net Margin | 5.6% | 6.6% |
| Revenue YoY | 9.0% | 30.1% |
| Net Profit YoY | -6.7% | 25.0% |
| EPS (diluted) | $0.30 | $1.01 |
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 | $186.9M | ||
| Q3 25 | $670.5M | $184.6M | ||
| Q2 25 | $390.5M | $142.2M | ||
| Q1 25 | $351.0M | $133.1M | ||
| Q4 24 | $250.4M | $143.7M | ||
| Q3 24 | $551.3M | $133.9M | ||
| Q2 24 | $318.4M | $122.2M | ||
| Q1 24 | $333.8M | $119.0M |
| Q4 25 | $15.4M | $12.3M | ||
| Q3 25 | $86.9M | $8.8M | ||
| Q2 25 | $32.9M | $7.8M | ||
| Q1 25 | $31.6M | $10.2M | ||
| Q4 24 | $16.5M | $9.8M | ||
| Q3 24 | $81.5M | $7.5M | ||
| Q2 24 | $38.7M | $6.0M | ||
| Q1 24 | $45.0M | $7.6M |
| Q4 25 | 20.1% | 25.7% | ||
| Q3 25 | 22.3% | 24.2% | ||
| Q2 25 | 20.4% | 28.0% | ||
| Q1 25 | 22.6% | 27.6% | ||
| Q4 24 | 22.0% | 30.3% | ||
| Q3 24 | 23.9% | 27.0% | ||
| Q2 24 | 22.5% | 27.4% | ||
| Q1 24 | 24.9% | 26.1% |
| Q4 25 | 7.6% | 9.4% | ||
| Q3 25 | 16.9% | 7.2% | ||
| Q2 25 | 11.2% | 7.5% | ||
| Q1 25 | 11.6% | 5.9% | ||
| Q4 24 | 8.7% | 9.1% | ||
| Q3 24 | 19.7% | 8.1% | ||
| Q2 24 | 16.2% | 6.7% | ||
| Q1 24 | 17.6% | 5.5% |
| Q4 25 | 5.6% | 6.6% | ||
| Q3 25 | 13.0% | 4.8% | ||
| Q2 25 | 8.4% | 5.5% | ||
| Q1 25 | 9.0% | 7.7% | ||
| Q4 24 | 6.6% | 6.9% | ||
| Q3 24 | 14.8% | 5.6% | ||
| Q2 24 | 12.2% | 4.9% | ||
| Q1 24 | 13.5% | 6.4% |
| Q4 25 | $0.30 | $1.01 | ||
| Q3 25 | $1.70 | $0.73 | ||
| Q2 25 | $0.65 | $0.64 | ||
| Q1 25 | $0.62 | $0.85 | ||
| Q4 24 | $0.32 | $0.81 | ||
| Q3 24 | $1.59 | $0.62 | ||
| Q2 24 | $0.76 | $0.50 | ||
| Q1 24 | $0.89 | $0.64 |
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 | $11.3M |
| Total DebtLower is stronger | $793.2M | $30.5M |
| Stockholders' EquityBook value | $1.8B | $195.7M |
| Total Assets | $3.2B | $381.1M |
| Debt / EquityLower = less leverage | 0.44× | 0.16× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $211.7M | $11.3M | ||
| Q3 25 | $379.2M | $9.8M | ||
| Q2 25 | $189.2M | $38.9M | ||
| Q1 25 | $174.3M | $38.1M | ||
| Q4 24 | $132.0M | $44.9M | ||
| Q3 24 | $481.2M | $51.2M | ||
| Q2 24 | $359.2M | $59.5M | ||
| Q1 24 | $416.2M | $48.2M |
| Q4 25 | $793.2M | $30.5M | ||
| Q3 25 | $802.7M | $56.3M | ||
| Q2 25 | $872.8M | $28.4M | ||
| Q1 25 | $872.5M | $23.7M | ||
| Q4 24 | $806.8M | $23.6M | ||
| Q3 24 | $706.4M | $20.5M | ||
| Q2 24 | $706.1M | $19.7M | ||
| Q1 24 | $705.7M | $19.4M |
| Q4 25 | $1.8B | $195.7M | ||
| Q3 25 | $1.8B | $181.6M | ||
| Q2 25 | $1.7B | $170.5M | ||
| Q1 25 | $1.6B | $161.1M | ||
| Q4 24 | $1.6B | $153.5M | ||
| Q3 24 | $1.6B | $142.2M | ||
| Q2 24 | $1.5B | $133.0M | ||
| Q1 24 | $1.5B | $125.5M |
| Q4 25 | $3.2B | $381.1M | ||
| Q3 25 | $3.1B | $409.1M | ||
| Q2 25 | $3.1B | $343.0M | ||
| Q1 25 | $3.0B | $336.4M | ||
| Q4 24 | $3.0B | $352.1M | ||
| Q3 24 | $2.8B | $324.4M | ||
| Q2 24 | $2.7B | $303.9M | ||
| Q1 24 | $2.6B | $289.2M |
| Q4 25 | 0.44× | 0.16× | ||
| Q3 25 | 0.45× | 0.31× | ||
| Q2 25 | 0.52× | 0.17× | ||
| Q1 25 | 0.53× | 0.15× | ||
| Q4 24 | 0.50× | 0.15× | ||
| Q3 24 | 0.44× | 0.14× | ||
| Q2 24 | 0.47× | 0.15× | ||
| Q1 24 | 0.48× | 0.15× |
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 | $28.1M |
| Free Cash FlowOCF − Capex | $-157.1M | $27.9M |
| FCF MarginFCF / Revenue | -57.5% | 14.9% |
| Capex IntensityCapex / Revenue | 0.0% | 0.1% |
| Cash ConversionOCF / Net Profit | -10.19× | 2.29× |
| TTM Free Cash FlowTrailing 4 quarters | $93.0M | $41.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-157.0M | $28.1M | ||
| Q3 25 | $256.3M | $13.3M | ||
| Q2 25 | $15.8M | $2.0M | ||
| Q1 25 | $-19.8M | $2.2M | ||
| Q4 24 | $-450.0M | $19.3M | ||
| Q3 24 | $119.2M | $4.9M | ||
| Q2 24 | $-61.7M | $16.5M | ||
| Q1 24 | $-59.2M | $-3.9M |
| Q4 25 | $-157.1M | $27.9M | ||
| Q3 25 | $255.6M | $12.8M | ||
| Q2 25 | $15.0M | $1.2M | ||
| Q1 25 | $-20.5M | $11.0K | ||
| Q4 24 | — | $18.0M | ||
| Q3 24 | $118.4M | $4.6M | ||
| Q2 24 | $-62.3M | $13.2M | ||
| Q1 24 | $-59.8M | $-6.5M |
| Q4 25 | -57.5% | 14.9% | ||
| Q3 25 | 38.1% | 7.0% | ||
| Q2 25 | 3.8% | 0.8% | ||
| Q1 25 | -5.8% | 0.0% | ||
| Q4 24 | — | 12.5% | ||
| Q3 24 | 21.5% | 3.4% | ||
| Q2 24 | -19.6% | 10.8% | ||
| Q1 24 | -17.9% | -5.5% |
| Q4 25 | 0.0% | 0.1% | ||
| Q3 25 | 0.1% | 0.3% | ||
| Q2 25 | 0.2% | 0.6% | ||
| Q1 25 | 0.2% | 1.7% | ||
| Q4 24 | 0.0% | 0.9% | ||
| Q3 24 | 0.1% | 0.3% | ||
| Q2 24 | 0.2% | 2.7% | ||
| Q1 24 | 0.2% | 2.1% |
| Q4 25 | -10.19× | 2.29× | ||
| Q3 25 | 2.95× | 1.52× | ||
| Q2 25 | 0.48× | 0.26× | ||
| Q1 25 | -0.63× | 0.22× | ||
| Q4 24 | -27.27× | 1.96× | ||
| Q3 24 | 1.46× | 0.66× | ||
| Q2 24 | -1.59× | 2.77× | ||
| Q1 24 | -1.32× | -0.52× |
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% |
LMB
| Owner Direct Relationships Segment | $145.0M | 78% |
| General Contractor Construction Manager Relationships Segment | $41.9M | 22% |
