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Side-by-side financial comparison of Forestar Group Inc. (FOR) and Mistras Group, Inc. (MG). Click either name above to swap in a different company.
Forestar Group Inc. is the larger business by last-quarter revenue ($273.0M vs $181.5M, roughly 1.5× Mistras Group, Inc.). Forestar Group Inc. runs the higher net margin — 5.6% vs 2.1%, a 3.6% gap on every dollar of revenue. On growth, Forestar Group Inc. posted the faster year-over-year revenue change (9.0% vs 5.1%). Mistras Group, Inc. produced more free cash flow last quarter ($26.0M vs $-157.1M). Over the past eight quarters, Mistras Group, Inc.'s revenue compounded faster (-0.8% 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...
Mistras Group, Inc. is a global provider of asset integrity and protection solutions, offering non-destructive testing, inspection, real-time monitoring, and engineering consulting services. Its key client segments include oil and gas, aerospace, power generation, and manufacturing industries, with operations spanning North America, Europe, and Asia-Pacific, helping clients enhance operational safety, extend asset lifespans, and minimize unplanned downtime.
FOR vs MG — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $273.0M | $181.5M |
| Net Profit | $15.4M | $3.8M |
| Gross Margin | 20.1% | 28.4% |
| Operating Margin | 7.6% | 7.0% |
| Net Margin | 5.6% | 2.1% |
| Revenue YoY | 9.0% | 5.1% |
| Net Profit YoY | -6.7% | -27.4% |
| EPS (diluted) | $0.30 | $0.12 |
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 | $181.5M | ||
| Q3 25 | $670.5M | $195.5M | ||
| Q2 25 | $390.5M | $185.4M | ||
| Q1 25 | $351.0M | $161.6M | ||
| Q4 24 | $250.4M | $172.7M | ||
| Q3 24 | $551.3M | $182.7M | ||
| Q2 24 | $318.4M | $189.8M | ||
| Q1 24 | $333.8M | $184.4M |
| Q4 25 | $15.4M | $3.8M | ||
| Q3 25 | $86.9M | $13.1M | ||
| Q2 25 | $32.9M | $3.0M | ||
| Q1 25 | $31.6M | $-3.2M | ||
| Q4 24 | $16.5M | $5.2M | ||
| Q3 24 | $81.5M | $6.4M | ||
| Q2 24 | $38.7M | $6.4M | ||
| Q1 24 | $45.0M | $995.0K |
| Q4 25 | 20.1% | 28.4% | ||
| Q3 25 | 22.3% | 29.8% | ||
| Q2 25 | 20.4% | 29.1% | ||
| Q1 25 | 22.6% | 25.3% | ||
| Q4 24 | 22.0% | 26.5% | ||
| Q3 24 | 23.9% | 26.8% | ||
| Q2 24 | 22.5% | 27.1% | ||
| Q1 24 | 24.9% | 25.0% |
| Q4 25 | 7.6% | 7.0% | ||
| Q3 25 | 16.9% | 10.4% | ||
| Q2 25 | 11.2% | 4.5% | ||
| Q1 25 | 11.6% | -0.6% | ||
| Q4 24 | 8.7% | 6.1% | ||
| Q3 24 | 19.7% | 6.5% | ||
| Q2 24 | 16.2% | 6.3% | ||
| Q1 24 | 17.6% | 3.0% |
| Q4 25 | 5.6% | 2.1% | ||
| Q3 25 | 13.0% | 6.7% | ||
| Q2 25 | 8.4% | 1.6% | ||
| Q1 25 | 9.0% | -2.0% | ||
| Q4 24 | 6.6% | 3.0% | ||
| Q3 24 | 14.8% | 3.5% | ||
| Q2 24 | 12.2% | 3.4% | ||
| Q1 24 | 13.5% | 0.5% |
| Q4 25 | $0.30 | $0.12 | ||
| Q3 25 | $1.70 | $0.41 | ||
| Q2 25 | $0.65 | $0.10 | ||
| Q1 25 | $0.62 | $-0.10 | ||
| Q4 24 | $0.32 | $0.17 | ||
| Q3 24 | $1.59 | $0.20 | ||
| Q2 24 | $0.76 | $0.20 | ||
| Q1 24 | $0.89 | $0.03 |
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 | $28.0M |
| Total DebtLower is stronger | $793.2M | $178.0M |
| Stockholders' EquityBook value | $1.8B | $235.1M |
| Total Assets | $3.2B | $578.8M |
| Debt / EquityLower = less leverage | 0.44× | 0.76× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $211.7M | $28.0M | ||
| Q3 25 | $379.2M | $27.8M | ||
| Q2 25 | $189.2M | $20.0M | ||
| Q1 25 | $174.3M | $18.5M | ||
| Q4 24 | $132.0M | $18.3M | ||
| Q3 24 | $481.2M | $20.4M | ||
| Q2 24 | $359.2M | $17.2M | ||
| Q1 24 | $416.2M | $16.9M |
| Q4 25 | $793.2M | $178.0M | ||
| Q3 25 | $802.7M | $202.3M | ||
| Q2 25 | $872.8M | $189.4M | ||
| Q1 25 | $872.5M | $171.9M | ||
| Q4 24 | $806.8M | $169.6M | ||
| Q3 24 | $706.4M | $189.7M | ||
| Q2 24 | $706.1M | $199.7M | ||
| Q1 24 | $705.7M | $198.4M |
| Q4 25 | $1.8B | $235.1M | ||
| Q3 25 | $1.8B | $227.4M | ||
| Q2 25 | $1.7B | $215.8M | ||
| Q1 25 | $1.6B | $198.7M | ||
| Q4 24 | $1.6B | $198.6M | ||
| Q3 24 | $1.6B | $205.2M | ||
| Q2 24 | $1.5B | $193.2M | ||
| Q1 24 | $1.5B | $187.1M |
| Q4 25 | $3.2B | $578.8M | ||
| Q3 25 | $3.1B | $596.3M | ||
| Q2 25 | $3.1B | $571.0M | ||
| Q1 25 | $3.0B | $526.8M | ||
| Q4 24 | $3.0B | $523.0M | ||
| Q3 24 | $2.8B | $551.7M | ||
| Q2 24 | $2.7B | $548.1M | ||
| Q1 24 | $2.6B | $542.1M |
| Q4 25 | 0.44× | 0.76× | ||
| Q3 25 | 0.45× | 0.89× | ||
| Q2 25 | 0.52× | 0.88× | ||
| Q1 25 | 0.53× | 0.87× | ||
| Q4 24 | 0.50× | 0.85× | ||
| Q3 24 | 0.44× | 0.92× | ||
| Q2 24 | 0.47× | 1.03× | ||
| Q1 24 | 0.48× | 1.06× |
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 | $32.1M |
| Free Cash FlowOCF − Capex | $-157.1M | $26.0M |
| FCF MarginFCF / Revenue | -57.5% | 14.3% |
| Capex IntensityCapex / Revenue | 0.0% | 3.4% |
| Cash ConversionOCF / Net Profit | -10.19× | 8.55× |
| TTM Free Cash FlowTrailing 4 quarters | $93.0M | $8.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-157.0M | $32.1M | ||
| Q3 25 | $256.3M | $4.5M | ||
| Q2 25 | $15.8M | $-9.3M | ||
| Q1 25 | $-19.8M | $5.6M | ||
| Q4 24 | $-450.0M | $25.7M | ||
| Q3 24 | $119.2M | $19.4M | ||
| Q2 24 | $-61.7M | $4.5M | ||
| Q1 24 | $-59.2M | $604.0K |
| Q4 25 | $-157.1M | $26.0M | ||
| Q3 25 | $255.6M | $-4.1M | ||
| Q2 25 | $15.0M | $-14.7M | ||
| Q1 25 | $-20.5M | $1.1M | ||
| Q4 24 | — | $22.1M | ||
| Q3 24 | $118.4M | $14.6M | ||
| Q2 24 | $-62.3M | $-284.0K | ||
| Q1 24 | $-59.8M | $-4.2M |
| Q4 25 | -57.5% | 14.3% | ||
| Q3 25 | 38.1% | -2.1% | ||
| Q2 25 | 3.8% | -7.9% | ||
| Q1 25 | -5.8% | 0.7% | ||
| Q4 24 | — | 12.8% | ||
| Q3 24 | 21.5% | 8.0% | ||
| Q2 24 | -19.6% | -0.1% | ||
| Q1 24 | -17.9% | -2.3% |
| Q4 25 | 0.0% | 3.4% | ||
| Q3 25 | 0.1% | 4.4% | ||
| Q2 25 | 0.2% | 2.9% | ||
| Q1 25 | 0.2% | 2.8% | ||
| Q4 24 | 0.0% | 2.1% | ||
| Q3 24 | 0.1% | 2.6% | ||
| Q2 24 | 0.2% | 2.5% | ||
| Q1 24 | 0.2% | 2.6% |
| Q4 25 | -10.19× | 8.55× | ||
| Q3 25 | 2.95× | 0.34× | ||
| Q2 25 | 0.48× | -3.07× | ||
| Q1 25 | -0.63× | — | ||
| Q4 24 | -27.27× | 4.96× | ||
| Q3 24 | 1.46× | 3.02× | ||
| Q2 24 | -1.59× | 0.71× | ||
| Q1 24 | -1.32× | 0.61× |
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% |
MG
Segment breakdown not available.
