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Side-by-side financial comparison of Forestar Group Inc. (FOR) and UNIVERSAL DISPLAY CORP \PA\ (OLED). Click either name above to swap in a different company.
Forestar Group Inc. is the larger business by last-quarter revenue ($273.0M vs $172.9M, roughly 1.6× UNIVERSAL DISPLAY CORP \PA\). UNIVERSAL DISPLAY CORP \PA\ runs the higher net margin — 38.4% vs 5.6%, a 32.7% gap on every dollar of revenue. On growth, Forestar Group Inc. posted the faster year-over-year revenue change (9.0% vs 6.6%). UNIVERSAL DISPLAY CORP \PA\ produced more free cash flow last quarter ($15.1M vs $-157.1M). Over the past eight quarters, UNIVERSAL DISPLAY CORP \PA\'s revenue compounded faster (2.3% 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...
Universal Display Corporation is a developer and manufacturer of organic light emitting diode (OLED) technologies and materials, and it is a provider of services to the display and lighting industries.
FOR vs OLED — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $273.0M | $172.9M |
| Net Profit | $15.4M | $66.3M |
| Gross Margin | 20.1% | 76.1% |
| Operating Margin | 7.6% | 38.9% |
| Net Margin | 5.6% | 38.4% |
| Revenue YoY | 9.0% | 6.6% |
| Net Profit YoY | -6.7% | 44.2% |
| EPS (diluted) | $0.30 | $1.40 |
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 | $172.9M | ||
| Q3 25 | $670.5M | $139.6M | ||
| Q2 25 | $390.5M | $171.8M | ||
| Q1 25 | $351.0M | $166.3M | ||
| Q4 24 | $250.4M | $162.3M | ||
| Q3 24 | $551.3M | $161.6M | ||
| Q2 24 | $318.4M | $158.5M | ||
| Q1 24 | $333.8M | $165.3M |
| Q4 25 | $15.4M | $66.3M | ||
| Q3 25 | $86.9M | $44.0M | ||
| Q2 25 | $32.9M | $67.3M | ||
| Q1 25 | $31.6M | $64.4M | ||
| Q4 24 | $16.5M | $46.0M | ||
| Q3 24 | $81.5M | $66.9M | ||
| Q2 24 | $38.7M | $52.3M | ||
| Q1 24 | $45.0M | $56.9M |
| Q4 25 | 20.1% | 76.1% | ||
| Q3 25 | 22.3% | 74.6% | ||
| Q2 25 | 20.4% | 77.2% | ||
| Q1 25 | 22.6% | 77.1% | ||
| Q4 24 | 22.0% | 77.0% | ||
| Q3 24 | 23.9% | 77.8% | ||
| Q2 24 | 22.5% | 75.8% | ||
| Q1 24 | 24.9% | 77.6% |
| Q4 25 | 7.6% | 38.9% | ||
| Q3 25 | 16.9% | 30.9% | ||
| Q2 25 | 11.2% | 39.9% | ||
| Q1 25 | 11.6% | 41.9% | ||
| Q4 24 | 8.7% | 32.3% | ||
| Q3 24 | 19.7% | 41.5% | ||
| Q2 24 | 16.2% | 35.6% | ||
| Q1 24 | 17.6% | 38.0% |
| Q4 25 | 5.6% | 38.4% | ||
| Q3 25 | 13.0% | 31.5% | ||
| Q2 25 | 8.4% | 39.2% | ||
| Q1 25 | 9.0% | 38.8% | ||
| Q4 24 | 6.6% | 28.4% | ||
| Q3 24 | 14.8% | 41.4% | ||
| Q2 24 | 12.2% | 33.0% | ||
| Q1 24 | 13.5% | 34.4% |
| Q4 25 | $0.30 | $1.40 | ||
| Q3 25 | $1.70 | $0.92 | ||
| Q2 25 | $0.65 | $1.41 | ||
| Q1 25 | $0.62 | $1.35 | ||
| Q4 24 | $0.32 | $0.96 | ||
| Q3 24 | $1.59 | $1.40 | ||
| Q2 24 | $0.76 | $1.10 | ||
| Q1 24 | $0.89 | $1.19 |
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 | $602.4M |
| Total DebtLower is stronger | $793.2M | — |
| Stockholders' EquityBook value | $1.8B | $1.8B |
| Total Assets | $3.2B | $2.0B |
| Debt / EquityLower = less leverage | 0.44× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $211.7M | $602.4M | ||
| Q3 25 | $379.2M | $603.0M | ||
| Q2 25 | $189.2M | $525.2M | ||
| Q1 25 | $174.3M | $571.3M | ||
| Q4 24 | $132.0M | $492.7M | ||
| Q3 24 | $481.2M | $551.6M | ||
| Q2 24 | $359.2M | $530.5M | ||
| Q1 24 | $416.2M | $539.3M |
| 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 24 | $705.7M | — |
| Q4 25 | $1.8B | $1.8B | ||
| Q3 25 | $1.8B | $1.7B | ||
| Q2 25 | $1.7B | $1.7B | ||
| Q1 25 | $1.6B | $1.7B | ||
| Q4 24 | $1.6B | $1.6B | ||
| Q3 24 | $1.6B | $1.6B | ||
| Q2 24 | $1.5B | $1.5B | ||
| Q1 24 | $1.5B | $1.5B |
| Q4 25 | $3.2B | $2.0B | ||
| Q3 25 | $3.1B | $1.9B | ||
| Q2 25 | $3.1B | $1.9B | ||
| Q1 25 | $3.0B | $1.9B | ||
| Q4 24 | $3.0B | $1.8B | ||
| Q3 24 | $2.8B | $1.8B | ||
| Q2 24 | $2.7B | $1.8B | ||
| Q1 24 | $2.6B | $1.7B |
| 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× | — | ||
| 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 | $31.1M |
| Free Cash FlowOCF − Capex | $-157.1M | $15.1M |
| FCF MarginFCF / Revenue | -57.5% | 8.7% |
| Capex IntensityCapex / Revenue | 0.0% | 9.3% |
| Cash ConversionOCF / Net Profit | -10.19× | 0.47× |
| TTM Free Cash FlowTrailing 4 quarters | $93.0M | $154.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-157.0M | $31.1M | ||
| Q3 25 | $256.3M | $97.2M | ||
| Q2 25 | $15.8M | $51.9M | ||
| Q1 25 | $-19.8M | $30.6M | ||
| Q4 24 | $-450.0M | $34.7M | ||
| Q3 24 | $119.2M | $79.9M | ||
| Q2 24 | $-61.7M | $67.0M | ||
| Q1 24 | $-59.2M | $72.2M |
| Q4 25 | $-157.1M | $15.1M | ||
| Q3 25 | $255.6M | $84.3M | ||
| Q2 25 | $15.0M | $37.5M | ||
| Q1 25 | $-20.5M | $17.5M | ||
| Q4 24 | — | $22.0M | ||
| Q3 24 | $118.4M | $66.2M | ||
| Q2 24 | $-62.3M | $57.9M | ||
| Q1 24 | $-59.8M | $65.0M |
| Q4 25 | -57.5% | 8.7% | ||
| Q3 25 | 38.1% | 60.4% | ||
| Q2 25 | 3.8% | 21.8% | ||
| Q1 25 | -5.8% | 10.5% | ||
| Q4 24 | — | 13.6% | ||
| Q3 24 | 21.5% | 41.0% | ||
| Q2 24 | -19.6% | 36.5% | ||
| Q1 24 | -17.9% | 39.3% |
| Q4 25 | 0.0% | 9.3% | ||
| Q3 25 | 0.1% | 9.2% | ||
| Q2 25 | 0.2% | 8.4% | ||
| Q1 25 | 0.2% | 7.9% | ||
| Q4 24 | 0.0% | 7.8% | ||
| Q3 24 | 0.1% | 8.4% | ||
| Q2 24 | 0.2% | 5.8% | ||
| Q1 24 | 0.2% | 4.4% |
| Q4 25 | -10.19× | 0.47× | ||
| Q3 25 | 2.95× | 2.21× | ||
| Q2 25 | 0.48× | 0.77× | ||
| Q1 25 | -0.63× | 0.47× | ||
| Q4 24 | -27.27× | 0.75× | ||
| Q3 24 | 1.46× | 1.19× | ||
| Q2 24 | -1.59× | 1.28× | ||
| Q1 24 | -1.32× | 1.27× |
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% |
OLED
| Material Sales | $95.5M | 55% |
| Other | $72.6M | 42% |
| Contract Research Services | $4.8M | 3% |
