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Side-by-side financial comparison of Forestar Group Inc. (FOR) and NWPX Infrastructure, Inc. (NWPX). Click either name above to swap in a different company.
Forestar Group Inc. is the larger business by last-quarter revenue ($273.0M vs $138.3M, roughly 2.0× NWPX Infrastructure, Inc.). NWPX Infrastructure, Inc. runs the higher net margin — 7.6% vs 5.6%, a 2.0% gap on every dollar of revenue. On growth, NWPX Infrastructure, Inc. posted the faster year-over-year revenue change (19.1% vs 9.0%). Over the past eight quarters, NWPX Infrastructure, Inc.'s revenue compounded faster (3.3% 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...
FOR vs NWPX — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $273.0M | $138.3M |
| Net Profit | $15.4M | $10.5M |
| Gross Margin | 20.1% | 19.3% |
| Operating Margin | 7.6% | 9.2% |
| Net Margin | 5.6% | 7.6% |
| Revenue YoY | 9.0% | 19.1% |
| Net Profit YoY | -6.7% | 165.7% |
| EPS (diluted) | $0.30 | $1.08 |
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 | — | $138.3M | ||
| Q4 25 | $273.0M | $125.6M | ||
| Q3 25 | $670.5M | $151.1M | ||
| Q2 25 | $390.5M | $133.2M | ||
| Q1 25 | $351.0M | $116.1M | ||
| Q4 24 | $250.4M | $119.6M | ||
| Q3 24 | $551.3M | $130.2M | ||
| Q2 24 | $318.4M | $129.5M |
| Q1 26 | — | $10.5M | ||
| Q4 25 | $15.4M | $8.9M | ||
| Q3 25 | $86.9M | $13.5M | ||
| Q2 25 | $32.9M | $9.1M | ||
| Q1 25 | $31.6M | $4.0M | ||
| Q4 24 | $16.5M | $10.1M | ||
| Q3 24 | $81.5M | $10.3M | ||
| Q2 24 | $38.7M | $8.6M |
| Q1 26 | — | 19.3% | ||
| Q4 25 | 20.1% | 21.3% | ||
| Q3 25 | 22.3% | 21.3% | ||
| Q2 25 | 20.4% | 19.0% | ||
| Q1 25 | 22.6% | 16.7% | ||
| Q4 24 | 22.0% | 18.8% | ||
| Q3 24 | 23.9% | 20.8% | ||
| Q2 24 | 22.5% | 19.9% |
| Q1 26 | — | 9.2% | ||
| Q4 25 | 7.6% | 10.4% | ||
| Q3 25 | 16.9% | 12.6% | ||
| Q2 25 | 11.2% | 9.9% | ||
| Q1 25 | 11.6% | 4.8% | ||
| Q4 24 | 8.7% | 8.8% | ||
| Q3 24 | 19.7% | 11.9% | ||
| Q2 24 | 16.2% | 10.5% |
| Q1 26 | — | 7.6% | ||
| Q4 25 | 5.6% | 7.1% | ||
| Q3 25 | 13.0% | 8.9% | ||
| Q2 25 | 8.4% | 6.8% | ||
| Q1 25 | 9.0% | 3.4% | ||
| Q4 24 | 6.6% | 8.4% | ||
| Q3 24 | 14.8% | 7.9% | ||
| Q2 24 | 12.2% | 6.7% |
| Q1 26 | — | $1.08 | ||
| Q4 25 | $0.30 | $0.88 | ||
| Q3 25 | $1.70 | $1.38 | ||
| Q2 25 | $0.65 | $0.91 | ||
| Q1 25 | $0.62 | $0.39 | ||
| Q4 24 | $0.32 | $1.00 | ||
| Q3 24 | $1.59 | $1.02 | ||
| Q2 24 | $0.76 | $0.86 |
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 | $14.3M |
| Total DebtLower is stronger | $793.2M | $10.7M |
| Stockholders' EquityBook value | $1.8B | $403.7M |
| Total Assets | $3.2B | $634.1M |
| Debt / EquityLower = less leverage | 0.44× | 0.03× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $14.3M | ||
| Q4 25 | $211.7M | $2.3M | ||
| Q3 25 | $379.2M | $2.7M | ||
| Q2 25 | $189.2M | $2.0M | ||
| Q1 25 | $174.3M | $5.3M | ||
| Q4 24 | $132.0M | $5.0M | ||
| Q3 24 | $481.2M | $5.7M | ||
| Q2 24 | $359.2M | $4.5M |
| Q1 26 | — | $10.7M | ||
| 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 | — | $403.7M | ||
| Q4 25 | $1.8B | $394.8M | ||
| Q3 25 | $1.8B | $386.4M | ||
| Q2 25 | $1.7B | $379.5M | ||
| Q1 25 | $1.6B | $378.5M | ||
| Q4 24 | $1.6B | $374.0M | ||
| Q3 24 | $1.6B | $362.4M | ||
| Q2 24 | $1.5B | $351.2M |
| Q1 26 | — | $634.1M | ||
| Q4 25 | $3.2B | $579.6M | ||
| Q3 25 | $3.1B | $605.2M | ||
| Q2 25 | $3.1B | $592.6M | ||
| Q1 25 | $3.0B | $582.2M | ||
| Q4 24 | $3.0B | $589.7M | ||
| Q3 24 | $2.8B | $617.2M | ||
| Q2 24 | $2.7B | $631.7M |
| Q1 26 | — | 0.03× | ||
| 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 | $29.3M |
| Free Cash FlowOCF − Capex | $-157.1M | — |
| FCF MarginFCF / Revenue | -57.5% | — |
| Capex IntensityCapex / Revenue | 0.0% | — |
| Cash ConversionOCF / Net Profit | -10.19× | 2.78× |
| TTM Free Cash FlowTrailing 4 quarters | $93.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $29.3M | ||
| Q4 25 | $-157.0M | $36.0M | ||
| Q3 25 | $256.3M | $21.0M | ||
| Q2 25 | $15.8M | $5.4M | ||
| Q1 25 | $-19.8M | $4.8M | ||
| Q4 24 | $-450.0M | $36.1M | ||
| Q3 24 | $119.2M | $22.7M | ||
| Q2 24 | $-61.7M | $22.3M |
| Q1 26 | — | — | ||
| Q4 25 | $-157.1M | $30.8M | ||
| Q3 25 | $255.6M | $13.2M | ||
| Q2 25 | $15.0M | $1.9M | ||
| Q1 25 | $-20.5M | $1.2M | ||
| Q4 24 | — | $31.9M | ||
| Q3 24 | $118.4M | $16.8M | ||
| Q2 24 | $-62.3M | $16.2M |
| Q1 26 | — | — | ||
| Q4 25 | -57.5% | 24.5% | ||
| Q3 25 | 38.1% | 8.7% | ||
| Q2 25 | 3.8% | 1.4% | ||
| Q1 25 | -5.8% | 1.0% | ||
| Q4 24 | — | 26.7% | ||
| Q3 24 | 21.5% | 12.9% | ||
| Q2 24 | -19.6% | 12.5% |
| Q1 26 | — | — | ||
| Q4 25 | 0.0% | 4.1% | ||
| Q3 25 | 0.1% | 5.2% | ||
| Q2 25 | 0.2% | 2.6% | ||
| Q1 25 | 0.2% | 3.2% | ||
| Q4 24 | 0.0% | 3.5% | ||
| Q3 24 | 0.1% | 4.6% | ||
| Q2 24 | 0.2% | 4.7% |
| Q1 26 | — | 2.78× | ||
| Q4 25 | -10.19× | 4.06× | ||
| Q3 25 | 2.95× | 1.55× | ||
| Q2 25 | 0.48× | 0.60× | ||
| Q1 25 | -0.63× | 1.22× | ||
| Q4 24 | -27.27× | 3.58× | ||
| Q3 24 | 1.46× | 2.22× | ||
| Q2 24 | -1.59× | 2.58× |
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% |
NWPX
| Water Transmission Systems | $93.5M | 68% |
| Precast Infrastructure and Engineered Systems | $44.8M | 32% |
