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Side-by-side financial comparison of Forestar Group Inc. (FOR) and New Fortress Energy Inc. (NFE). Click either name above to swap in a different company.
New Fortress Energy Inc. is the larger business by last-quarter revenue ($326.2M vs $273.0M, roughly 1.2× Forestar Group Inc.). Forestar Group Inc. runs the higher net margin — 5.6% vs -259.7%, a 265.3% gap on every dollar of revenue. On growth, Forestar Group Inc. posted the faster year-over-year revenue change (9.0% vs -7.0%). New Fortress Energy Inc. produced more free cash flow last quarter ($-134.8M vs $-157.1M). Over the past eight quarters, Forestar Group Inc.'s revenue compounded faster (-9.6% CAGR vs -26.8%).
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...
New Fortress Energy Inc. is a global energy infrastructure firm developing, owning and operating LNG import/export terminals, natural gas supply networks and low-carbon projects. It serves utility, industrial and public sector clients across the Americas and Caribbean, delivering affordable, lower-emission energy resources.
FOR vs NFE — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $273.0M | $326.2M |
| Net Profit | $15.4M | $-847.1M |
| Gross Margin | 20.1% | 35.5% |
| Operating Margin | 7.6% | -193.0% |
| Net Margin | 5.6% | -259.7% |
| Revenue YoY | 9.0% | -7.0% |
| Net Profit YoY | -6.7% | -277.4% |
| EPS (diluted) | $0.30 | $-3.03 |
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 | $326.2M | ||
| Q3 25 | $670.5M | $240.3M | ||
| Q2 25 | $390.5M | $228.1M | ||
| Q1 25 | $351.0M | $384.9M | ||
| Q4 24 | $250.4M | $350.7M | ||
| Q3 24 | $551.3M | $446.0M | ||
| Q2 24 | $318.4M | $291.2M | ||
| Q1 24 | $333.8M | $609.5M |
| Q4 25 | $15.4M | $-847.1M | ||
| Q3 25 | $86.9M | $-263.0M | ||
| Q2 25 | $32.9M | $-546.5M | ||
| Q1 25 | $31.6M | $-175.4M | ||
| Q4 24 | $16.5M | $-224.4M | ||
| Q3 24 | $81.5M | $9.3M | ||
| Q2 24 | $38.7M | $-88.9M | ||
| Q1 24 | $45.0M | $54.1M |
| Q4 25 | 20.1% | 35.5% | ||
| Q3 25 | 22.3% | 18.1% | ||
| Q2 25 | 20.4% | 8.4% | ||
| Q1 25 | 22.6% | 21.4% | ||
| Q4 24 | 22.0% | 17.6% | ||
| Q3 24 | 23.9% | 27.1% | ||
| Q2 24 | 22.5% | 23.8% | ||
| Q1 24 | 24.9% | 62.4% |
| Q4 25 | 7.6% | -193.0% | ||
| Q3 25 | 16.9% | -37.4% | ||
| Q2 25 | 11.2% | -170.3% | ||
| Q1 25 | 11.6% | -3.3% | ||
| Q4 24 | 8.7% | 65.0% | ||
| Q3 24 | 19.7% | 17.8% | ||
| Q2 24 | 16.2% | 12.3% | ||
| Q1 24 | 17.6% | 30.4% |
| Q4 25 | 5.6% | -259.7% | ||
| Q3 25 | 13.0% | -109.4% | ||
| Q2 25 | 8.4% | -239.6% | ||
| Q1 25 | 9.0% | -45.6% | ||
| Q4 24 | 6.6% | -64.0% | ||
| Q3 24 | 14.8% | 2.1% | ||
| Q2 24 | 12.2% | -30.5% | ||
| Q1 24 | 13.5% | 8.9% |
| Q4 25 | $0.30 | $-3.03 | ||
| Q3 25 | $1.70 | $-0.96 | ||
| Q2 25 | $0.65 | $-1.99 | ||
| Q1 25 | $0.62 | $-0.65 | ||
| Q4 24 | $0.32 | $-1.10 | ||
| Q3 24 | $1.59 | $0.03 | ||
| Q2 24 | $0.76 | $-0.42 | ||
| Q1 24 | $0.89 | $0.23 |
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 | $226.5M |
| Total DebtLower is stronger | $793.2M | $8.2B |
| Stockholders' EquityBook value | $1.8B | $182.6M |
| Total Assets | $3.2B | $10.6B |
| Debt / EquityLower = less leverage | 0.44× | 44.78× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $211.7M | $226.5M | ||
| Q3 25 | $379.2M | $145.2M | ||
| Q2 25 | $189.2M | $551.1M | ||
| Q1 25 | $174.3M | $447.9M | ||
| Q4 24 | $132.0M | $492.9M | ||
| Q3 24 | $481.2M | $90.8M | ||
| Q2 24 | $359.2M | $133.0M | ||
| Q1 24 | $416.2M | $143.5M |
| Q4 25 | $793.2M | $8.2B | ||
| Q3 25 | $802.7M | — | ||
| Q2 25 | $872.8M | — | ||
| Q1 25 | $872.5M | — | ||
| Q4 24 | $806.8M | $8.9B | ||
| Q3 24 | $706.4M | — | ||
| Q2 24 | $706.1M | — | ||
| Q1 24 | $705.7M | — |
| Q4 25 | $1.8B | $182.6M | ||
| Q3 25 | $1.8B | $1.1B | ||
| Q2 25 | $1.7B | $1.3B | ||
| Q1 25 | $1.6B | $1.8B | ||
| Q4 24 | $1.6B | $1.9B | ||
| Q3 24 | $1.6B | $1.6B | ||
| Q2 24 | $1.5B | $1.6B | ||
| Q1 24 | $1.5B | $1.7B |
| Q4 25 | $3.2B | $10.6B | ||
| Q3 25 | $3.1B | $12.0B | ||
| Q2 25 | $3.1B | $12.0B | ||
| Q1 25 | $3.0B | $13.1B | ||
| Q4 24 | $3.0B | $12.9B | ||
| Q3 24 | $2.8B | $12.0B | ||
| Q2 24 | $2.7B | $11.4B | ||
| Q1 24 | $2.6B | $10.9B |
| Q4 25 | 0.44× | 44.78× | ||
| Q3 25 | 0.45× | — | ||
| Q2 25 | 0.52× | — | ||
| Q1 25 | 0.53× | — | ||
| Q4 24 | 0.50× | 4.74× | ||
| Q3 24 | 0.44× | — | ||
| Q2 24 | 0.47× | — | ||
| Q1 24 | 0.48× | — |
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 | $-76.2M |
| Free Cash FlowOCF − Capex | $-157.1M | $-134.8M |
| FCF MarginFCF / Revenue | -57.5% | -41.3% |
| Capex IntensityCapex / Revenue | 0.0% | 18.0% |
| Cash ConversionOCF / Net Profit | -10.19× | — |
| TTM Free Cash FlowTrailing 4 quarters | $93.0M | $-1.4B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-157.0M | $-76.2M | ||
| Q3 25 | $256.3M | $-171.0M | ||
| Q2 25 | $15.8M | $-329.0M | ||
| Q1 25 | $-19.8M | $-7.2M | ||
| Q4 24 | $-450.0M | $445.3M | ||
| Q3 24 | $119.2M | $-20.0M | ||
| Q2 24 | $-61.7M | $113.9M | ||
| Q1 24 | $-59.2M | $63.0M |
| Q4 25 | $-157.1M | $-134.8M | ||
| Q3 25 | $255.6M | $-231.6M | ||
| Q2 25 | $15.0M | $-726.7M | ||
| Q1 25 | $-20.5M | $-262.3M | ||
| Q4 24 | — | $-210.3M | ||
| Q3 24 | $118.4M | $-367.0M | ||
| Q2 24 | $-62.3M | $-493.2M | ||
| Q1 24 | $-59.8M | $-457.9M |
| Q4 25 | -57.5% | -41.3% | ||
| Q3 25 | 38.1% | -96.4% | ||
| Q2 25 | 3.8% | -318.6% | ||
| Q1 25 | -5.8% | -68.2% | ||
| Q4 24 | — | -60.0% | ||
| Q3 24 | 21.5% | -82.3% | ||
| Q2 24 | -19.6% | -169.3% | ||
| Q1 24 | -17.9% | -75.1% |
| Q4 25 | 0.0% | 18.0% | ||
| Q3 25 | 0.1% | 25.2% | ||
| Q2 25 | 0.2% | 174.4% | ||
| Q1 25 | 0.2% | 66.3% | ||
| Q4 24 | 0.0% | 187.0% | ||
| Q3 24 | 0.1% | 77.8% | ||
| Q2 24 | 0.2% | 208.4% | ||
| Q1 24 | 0.2% | 85.5% |
| Q4 25 | -10.19× | — | ||
| Q3 25 | 2.95× | — | ||
| Q2 25 | 0.48× | — | ||
| Q1 25 | -0.63× | — | ||
| Q4 24 | -27.27× | — | ||
| Q3 24 | 1.46× | -2.15× | ||
| Q2 24 | -1.59× | — | ||
| Q1 24 | -1.32× | 1.16× |
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% |
NFE
Segment breakdown not available.
