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Side-by-side financial comparison of Forestar Group Inc. (FOR) and MGIC INVESTMENT CORP (MTG). Click either name above to swap in a different company.
MGIC INVESTMENT CORP is the larger business by last-quarter revenue ($297.1M vs $273.0M, roughly 1.1× Forestar Group Inc.). MGIC INVESTMENT CORP runs the higher net margin — 55.6% vs 5.6%, a 50.0% gap on every dollar of revenue. On growth, Forestar Group Inc. posted the faster year-over-year revenue change (9.0% vs -3.0%). Over the past eight quarters, MGIC INVESTMENT CORP's revenue compounded faster (-1.4% 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...
MGIC Investment Corporation NYSE: MTG ("MGIC") is a provider of private mortgage insurance in the United States. The company is headquartered in Milwaukee, Wisconsin.
FOR vs MTG — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $273.0M | $297.1M |
| Net Profit | $15.4M | $165.3M |
| Gross Margin | 20.1% | — |
| Operating Margin | 7.6% | — |
| Net Margin | 5.6% | 55.6% |
| Revenue YoY | 9.0% | -3.0% |
| Net Profit YoY | -6.7% | -10.9% |
| EPS (diluted) | $0.30 | $0.76 |
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 | — | $297.1M | ||
| Q4 25 | $273.0M | $298.7M | ||
| Q3 25 | $670.5M | $304.5M | ||
| Q2 25 | $390.5M | $304.2M | ||
| Q1 25 | $351.0M | $306.2M | ||
| Q4 24 | $250.4M | $301.4M | ||
| Q3 24 | $551.3M | $306.6M | ||
| Q2 24 | $318.4M | $305.3M |
| Q1 26 | — | $165.3M | ||
| Q4 25 | $15.4M | $169.3M | ||
| Q3 25 | $86.9M | $191.1M | ||
| Q2 25 | $32.9M | $192.5M | ||
| Q1 25 | $31.6M | $185.5M | ||
| Q4 24 | $16.5M | $184.7M | ||
| Q3 24 | $81.5M | $200.0M | ||
| Q2 24 | $38.7M | $204.2M |
| 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 | — | — | ||
| Q4 25 | 7.6% | 71.2% | ||
| Q3 25 | 16.9% | 77.2% | ||
| Q2 25 | 11.2% | 80.9% | ||
| Q1 25 | 11.6% | 76.6% | ||
| Q4 24 | 8.7% | 77.9% | ||
| Q3 24 | 19.7% | 82.9% | ||
| Q2 24 | 16.2% | 85.1% |
| Q1 26 | — | 55.6% | ||
| Q4 25 | 5.6% | 56.7% | ||
| Q3 25 | 13.0% | 62.8% | ||
| Q2 25 | 8.4% | 63.3% | ||
| Q1 25 | 9.0% | 60.6% | ||
| Q4 24 | 6.6% | 61.3% | ||
| Q3 24 | 14.8% | 65.2% | ||
| Q2 24 | 12.2% | 66.9% |
| Q1 26 | — | $0.76 | ||
| Q4 25 | $0.30 | $0.75 | ||
| Q3 25 | $1.70 | $0.83 | ||
| Q2 25 | $0.65 | $0.81 | ||
| Q1 25 | $0.62 | $0.75 | ||
| Q4 24 | $0.32 | $0.71 | ||
| Q3 24 | $1.59 | $0.77 | ||
| Q2 24 | $0.76 | $0.77 |
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 | $235.1M |
| Total DebtLower is stronger | $793.2M | — |
| Stockholders' EquityBook value | $1.8B | $5.0B |
| Total Assets | $3.2B | $6.4B |
| Debt / EquityLower = less leverage | 0.44× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $235.1M | ||
| Q4 25 | $211.7M | $369.0M | ||
| Q3 25 | $379.2M | $266.9M | ||
| Q2 25 | $189.2M | $294.9M | ||
| Q1 25 | $174.3M | $207.0M | ||
| Q4 24 | $132.0M | $229.5M | ||
| Q3 24 | $481.2M | $288.6M | ||
| Q2 24 | $359.2M | $281.8M |
| Q1 26 | — | — | ||
| Q4 25 | $793.2M | — | ||
| Q3 25 | $802.7M | — | ||
| Q2 25 | $872.8M | — | ||
| Q1 25 | $872.5M | — | ||
| Q4 24 | $806.8M | — | ||
| Q3 24 | $706.4M | — | ||
| Q2 24 | $706.1M | — |
| Q1 26 | — | $5.0B | ||
| Q4 25 | $1.8B | $5.1B | ||
| Q3 25 | $1.8B | $5.2B | ||
| Q2 25 | $1.7B | $5.2B | ||
| Q1 25 | $1.6B | $5.1B | ||
| Q4 24 | $1.6B | $5.2B | ||
| Q3 24 | $1.6B | $5.3B | ||
| Q2 24 | $1.5B | $5.1B |
| Q1 26 | — | $6.4B | ||
| Q4 25 | $3.2B | $6.6B | ||
| Q3 25 | $3.1B | $6.6B | ||
| Q2 25 | $3.1B | $6.5B | ||
| Q1 25 | $3.0B | $6.5B | ||
| Q4 24 | $3.0B | $6.5B | ||
| Q3 24 | $2.8B | $6.7B | ||
| Q2 24 | $2.7B | $6.5B |
| Q1 26 | — | — | ||
| Q4 25 | 0.44× | — | ||
| Q3 25 | 0.45× | — | ||
| Q2 25 | 0.52× | — | ||
| Q1 25 | 0.53× | — | ||
| Q4 24 | 0.50× | — | ||
| 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% | — |
| 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 | $230.8M | ||
| Q3 25 | $256.3M | $215.4M | ||
| Q2 25 | $15.8M | $183.0M | ||
| Q1 25 | $-19.8M | $223.7M | ||
| Q4 24 | $-450.0M | $182.4M | ||
| Q3 24 | $119.2M | $182.9M | ||
| Q2 24 | $-61.7M | $169.2M |
| Q1 26 | — | — | ||
| Q4 25 | $-157.1M | $230.2M | ||
| Q3 25 | $255.6M | $215.1M | ||
| Q2 25 | $15.0M | $183.0M | ||
| Q1 25 | $-20.5M | $223.5M | ||
| Q4 24 | — | $181.9M | ||
| Q3 24 | $118.4M | $182.5M | ||
| Q2 24 | $-62.3M | $169.0M |
| Q1 26 | — | — | ||
| Q4 25 | -57.5% | 77.1% | ||
| Q3 25 | 38.1% | 70.6% | ||
| Q2 25 | 3.8% | 60.1% | ||
| Q1 25 | -5.8% | 73.0% | ||
| Q4 24 | — | 60.3% | ||
| Q3 24 | 21.5% | 59.5% | ||
| Q2 24 | -19.6% | 55.3% |
| Q1 26 | — | — | ||
| Q4 25 | 0.0% | 0.2% | ||
| Q3 25 | 0.1% | 0.1% | ||
| Q2 25 | 0.2% | 0.0% | ||
| Q1 25 | 0.2% | 0.0% | ||
| Q4 24 | 0.0% | 0.2% | ||
| Q3 24 | 0.1% | 0.1% | ||
| Q2 24 | 0.2% | 0.1% |
| Q1 26 | — | — | ||
| Q4 25 | -10.19× | 1.36× | ||
| Q3 25 | 2.95× | 1.13× | ||
| Q2 25 | 0.48× | 0.95× | ||
| Q1 25 | -0.63× | 1.21× | ||
| Q4 24 | -27.27× | 0.99× | ||
| Q3 24 | 1.46× | 0.91× | ||
| Q2 24 | -1.59× | 0.83× |
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% |
MTG
Segment breakdown not available.
