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Side-by-side financial comparison of Forestar Group Inc. (FOR) and Northwest Bancshares, Inc. (NWBI). Click either name above to swap in a different company.
Forestar Group Inc. is the larger business by last-quarter revenue ($273.0M vs $175.1M, roughly 1.6× Northwest Bancshares, Inc.). Northwest Bancshares, Inc. runs the higher net margin — 28.9% vs 5.6%, a 23.2% gap on every dollar of revenue. Over the past eight quarters, Northwest Bancshares, Inc.'s revenue compounded faster (33.7% 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...
Northwest Bank is a bank headquartered in Warren, Pennsylvania. It is the leading subsidiary of Northwest Bancshares, Inc., a bank holding company, and operates 151 branches in Pennsylvania, Western New York, Northeast Ohio, Appalachian Ohio, and Indiana.
FOR vs NWBI — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $273.0M | $175.1M |
| Net Profit | $15.4M | $50.5M |
| Gross Margin | 20.1% | — |
| Operating Margin | 7.6% | — |
| Net Margin | 5.6% | 28.9% |
| Revenue YoY | 9.0% | — |
| Net Profit YoY | -6.7% | 10.6% |
| EPS (diluted) | $0.30 | $0.34 |
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 | — | $175.1M | ||
| Q4 25 | $273.0M | $179.9M | ||
| Q3 25 | $670.5M | $168.2M | ||
| Q2 25 | $390.5M | $150.4M | ||
| Q1 25 | $351.0M | $156.2M | ||
| Q4 24 | $250.4M | $154.3M | ||
| Q3 24 | $551.3M | $139.1M | ||
| Q2 24 | $318.4M | $98.0M |
| Q1 26 | — | $50.5M | ||
| Q4 25 | $15.4M | — | ||
| Q3 25 | $86.9M | $3.2M | ||
| Q2 25 | $32.9M | $33.7M | ||
| Q1 25 | $31.6M | $43.5M | ||
| Q4 24 | $16.5M | — | ||
| Q3 24 | $81.5M | $33.6M | ||
| Q2 24 | $38.7M | $4.7M |
| 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% | 32.6% | ||
| Q3 25 | 16.9% | 2.1% | ||
| Q2 25 | 11.2% | 29.3% | ||
| Q1 25 | 11.6% | 36.2% | ||
| Q4 24 | 8.7% | 27.5% | ||
| Q3 24 | 19.7% | 31.3% | ||
| Q2 24 | 16.2% | 6.1% |
| Q1 26 | — | 28.9% | ||
| Q4 25 | 5.6% | — | ||
| Q3 25 | 13.0% | 1.9% | ||
| Q2 25 | 8.4% | 22.4% | ||
| Q1 25 | 9.0% | 27.8% | ||
| Q4 24 | 6.6% | — | ||
| Q3 24 | 14.8% | 24.2% | ||
| Q2 24 | 12.2% | 4.8% |
| Q1 26 | — | $0.34 | ||
| Q4 25 | $0.30 | $0.30 | ||
| Q3 25 | $1.70 | $0.02 | ||
| Q2 25 | $0.65 | $0.26 | ||
| Q1 25 | $0.62 | $0.34 | ||
| Q4 24 | $0.32 | $0.26 | ||
| Q3 24 | $1.59 | $0.26 | ||
| Q2 24 | $0.76 | $0.04 |
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 | $286.7M |
| Total DebtLower is stronger | $793.2M | — |
| Stockholders' EquityBook value | $1.8B | $1.9B |
| Total Assets | $3.2B | $16.9B |
| Debt / EquityLower = less leverage | 0.44× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $286.7M | ||
| Q4 25 | $211.7M | — | ||
| Q3 25 | $379.2M | — | ||
| Q2 25 | $189.2M | — | ||
| Q1 25 | $174.3M | — | ||
| Q4 24 | $132.0M | — | ||
| Q3 24 | $481.2M | — | ||
| Q2 24 | $359.2M | — |
| 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 | — | $1.9B | ||
| Q4 25 | $1.8B | $1.9B | ||
| Q3 25 | $1.8B | $1.9B | ||
| Q2 25 | $1.7B | $1.6B | ||
| Q1 25 | $1.6B | $1.6B | ||
| Q4 24 | $1.6B | $1.6B | ||
| Q3 24 | $1.6B | $1.6B | ||
| Q2 24 | $1.5B | $1.6B |
| Q1 26 | — | $16.9B | ||
| Q4 25 | $3.2B | $16.8B | ||
| Q3 25 | $3.1B | $16.4B | ||
| Q2 25 | $3.1B | $14.5B | ||
| Q1 25 | $3.0B | $14.5B | ||
| Q4 24 | $3.0B | $14.4B | ||
| Q3 24 | $2.8B | $14.4B | ||
| Q2 24 | $2.7B | $14.4B |
| 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 | $153.4M | ||
| Q3 25 | $256.3M | $41.9M | ||
| Q2 25 | $15.8M | $-2.3M | ||
| Q1 25 | $-19.8M | $107.6M | ||
| Q4 24 | $-450.0M | $127.7M | ||
| Q3 24 | $119.2M | $93.3M | ||
| Q2 24 | $-61.7M | $40.7M |
| Q1 26 | — | — | ||
| Q4 25 | $-157.1M | $141.8M | ||
| Q3 25 | $255.6M | $38.3M | ||
| Q2 25 | $15.0M | $-6.0M | ||
| Q1 25 | $-20.5M | $105.8M | ||
| Q4 24 | — | $125.4M | ||
| Q3 24 | $118.4M | $93.2M | ||
| Q2 24 | $-62.3M | $37.2M |
| Q1 26 | — | — | ||
| Q4 25 | -57.5% | 78.8% | ||
| Q3 25 | 38.1% | 22.8% | ||
| Q2 25 | 3.8% | -4.0% | ||
| Q1 25 | -5.8% | 67.7% | ||
| Q4 24 | — | 81.3% | ||
| Q3 24 | 21.5% | 67.0% | ||
| Q2 24 | -19.6% | 37.9% |
| Q1 26 | — | — | ||
| Q4 25 | 0.0% | 6.5% | ||
| Q3 25 | 0.1% | 2.2% | ||
| Q2 25 | 0.2% | 2.4% | ||
| Q1 25 | 0.2% | 1.2% | ||
| Q4 24 | 0.0% | 1.5% | ||
| Q3 24 | 0.1% | 0.1% | ||
| Q2 24 | 0.2% | 3.6% |
| Q1 26 | — | — | ||
| Q4 25 | -10.19× | — | ||
| Q3 25 | 2.95× | 13.24× | ||
| Q2 25 | 0.48× | -0.07× | ||
| Q1 25 | -0.63× | 2.48× | ||
| Q4 24 | -27.27× | — | ||
| Q3 24 | 1.46× | 2.77× | ||
| Q2 24 | -1.59× | 8.56× |
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% |
NWBI
| Net Interest Income | $142.5M | 81% |
| Noninterest Income | $32.6M | 19% |
