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Side-by-side financial comparison of Forestar Group Inc. (FOR) and Paymentus Holdings, Inc. (PAY). Click either name above to swap in a different company.
Paymentus Holdings, Inc. is the larger business by last-quarter revenue ($330.5M vs $273.0M, roughly 1.2× Forestar Group Inc.). Paymentus Holdings, Inc. runs the higher net margin — 6.3% vs 5.6%, a 0.6% gap on every dollar of revenue. On growth, Paymentus Holdings, Inc. posted the faster year-over-year revenue change (28.1% vs 9.0%). Paymentus Holdings, Inc. produced more free cash flow last quarter ($45.0M vs $-157.1M). Over the past eight quarters, Paymentus Holdings, 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...
Paymentus Holdings, Inc. is a leading cloud-based bill payment and customer engagement technology provider. It offers integrated digital payment solutions, billing automation tools, and self-service portals for enterprises across utilities, financial services, government, healthcare, and telecommunications segments, primarily operating in the North American market.
FOR vs PAY — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $273.0M | $330.5M |
| Net Profit | $15.4M | $20.7M |
| Gross Margin | 20.1% | 25.4% |
| Operating Margin | 7.6% | 7.3% |
| Net Margin | 5.6% | 6.3% |
| Revenue YoY | 9.0% | 28.1% |
| Net Profit YoY | -6.7% | 57.2% |
| EPS (diluted) | $0.30 | $0.16 |
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 | $330.5M | ||
| Q3 25 | $670.5M | $310.7M | ||
| Q2 25 | $390.5M | $280.1M | ||
| Q1 25 | $351.0M | $275.2M | ||
| Q4 24 | $250.4M | $257.9M | ||
| Q3 24 | $551.3M | $231.6M | ||
| Q2 24 | $318.4M | $197.4M | ||
| Q1 24 | $333.8M | $184.9M |
| Q4 25 | $15.4M | $20.7M | ||
| Q3 25 | $86.9M | $17.7M | ||
| Q2 25 | $32.9M | $14.7M | ||
| Q1 25 | $31.6M | $13.8M | ||
| Q4 24 | $16.5M | $13.1M | ||
| Q3 24 | $81.5M | $14.4M | ||
| Q2 24 | $38.7M | $9.4M | ||
| Q1 24 | $45.0M | $7.2M |
| Q4 25 | 20.1% | 25.4% | ||
| Q3 25 | 22.3% | 24.1% | ||
| Q2 25 | 20.4% | 25.5% | ||
| Q1 25 | 22.6% | 24.0% | ||
| Q4 24 | 22.0% | 25.6% | ||
| Q3 24 | 23.9% | 26.2% | ||
| Q2 24 | 22.5% | 29.8% | ||
| Q1 24 | 24.9% | 28.5% |
| Q4 25 | 7.6% | 7.3% | ||
| Q3 25 | 16.9% | 6.4% | ||
| Q2 25 | 11.2% | 5.7% | ||
| Q1 25 | 11.6% | 5.7% | ||
| Q4 24 | 8.7% | 5.5% | ||
| Q3 24 | 19.7% | 5.2% | ||
| Q2 24 | 16.2% | 5.2% | ||
| Q1 24 | 17.6% | 4.5% |
| Q4 25 | 5.6% | 6.3% | ||
| Q3 25 | 13.0% | 5.7% | ||
| Q2 25 | 8.4% | 5.3% | ||
| Q1 25 | 9.0% | 5.0% | ||
| Q4 24 | 6.6% | 5.1% | ||
| Q3 24 | 14.8% | 6.2% | ||
| Q2 24 | 12.2% | 4.7% | ||
| Q1 24 | 13.5% | 3.9% |
| Q4 25 | $0.30 | $0.16 | ||
| Q3 25 | $1.70 | $0.14 | ||
| Q2 25 | $0.65 | $0.11 | ||
| Q1 25 | $0.62 | $0.11 | ||
| Q4 24 | $0.32 | $0.11 | ||
| Q3 24 | $1.59 | $0.11 | ||
| Q2 24 | $0.76 | $0.07 | ||
| Q1 24 | $0.89 | $0.06 |
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 | $320.9M |
| Total DebtLower is stronger | $793.2M | — |
| Stockholders' EquityBook value | $1.8B | $560.4M |
| Total Assets | $3.2B | $667.9M |
| Debt / EquityLower = less leverage | 0.44× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $211.7M | $320.9M | ||
| Q3 25 | $379.2M | $287.9M | ||
| Q2 25 | $189.2M | $266.4M | ||
| Q1 25 | $174.3M | $245.8M | ||
| Q4 24 | $132.0M | $205.9M | ||
| Q3 24 | $481.2M | $187.5M | ||
| Q2 24 | $359.2M | $188.8M | ||
| Q1 24 | $416.2M | $180.1M |
| 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 | $560.4M | ||
| Q3 25 | $1.8B | $537.4M | ||
| Q2 25 | $1.7B | $516.7M | ||
| Q1 25 | $1.6B | $500.4M | ||
| Q4 24 | $1.6B | $485.6M | ||
| Q3 24 | $1.6B | $468.8M | ||
| Q2 24 | $1.5B | $451.6M | ||
| Q1 24 | $1.5B | $439.4M |
| Q4 25 | $3.2B | $667.9M | ||
| Q3 25 | $3.1B | $644.4M | ||
| Q2 25 | $3.1B | $609.5M | ||
| Q1 25 | $3.0B | $590.9M | ||
| Q4 24 | $3.0B | $576.2M | ||
| Q3 24 | $2.8B | $552.9M | ||
| Q2 24 | $2.7B | $527.7M | ||
| Q1 24 | $2.6B | $514.0M |
| 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 | $45.1M |
| Free Cash FlowOCF − Capex | $-157.1M | $45.0M |
| FCF MarginFCF / Revenue | -57.5% | 13.6% |
| Capex IntensityCapex / Revenue | 0.0% | 0.0% |
| Cash ConversionOCF / Net Profit | -10.19× | 2.18× |
| TTM Free Cash FlowTrailing 4 quarters | $93.0M | $161.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-157.0M | $45.1M | ||
| Q3 25 | $256.3M | $35.1M | ||
| Q2 25 | $15.8M | $31.5M | ||
| Q1 25 | $-19.8M | $50.4M | ||
| Q4 24 | $-450.0M | $27.9M | ||
| Q3 24 | $119.2M | $6.7M | ||
| Q2 24 | $-61.7M | $18.0M | ||
| Q1 24 | $-59.2M | $11.0M |
| Q4 25 | $-157.1M | $45.0M | ||
| Q3 25 | $255.6M | $35.0M | ||
| Q2 25 | $15.0M | $31.4M | ||
| Q1 25 | $-20.5M | $50.4M | ||
| Q4 24 | — | $27.8M | ||
| Q3 24 | $118.4M | $6.7M | ||
| Q2 24 | $-62.3M | $17.8M | ||
| Q1 24 | $-59.8M | $10.8M |
| Q4 25 | -57.5% | 13.6% | ||
| Q3 25 | 38.1% | 11.3% | ||
| Q2 25 | 3.8% | 11.2% | ||
| Q1 25 | -5.8% | 18.3% | ||
| Q4 24 | — | 10.8% | ||
| Q3 24 | 21.5% | 2.9% | ||
| Q2 24 | -19.6% | 9.0% | ||
| Q1 24 | -17.9% | 5.9% |
| Q4 25 | 0.0% | 0.0% | ||
| Q3 25 | 0.1% | 0.0% | ||
| Q2 25 | 0.2% | 0.0% | ||
| Q1 25 | 0.2% | 0.0% | ||
| Q4 24 | 0.0% | 0.0% | ||
| Q3 24 | 0.1% | 0.0% | ||
| Q2 24 | 0.2% | 0.1% | ||
| Q1 24 | 0.2% | 0.1% |
| Q4 25 | -10.19× | 2.18× | ||
| Q3 25 | 2.95× | 1.98× | ||
| Q2 25 | 0.48× | 2.14× | ||
| Q1 25 | -0.63× | 3.65× | ||
| Q4 24 | -27.27× | 2.12× | ||
| Q3 24 | 1.46× | 0.47× | ||
| Q2 24 | -1.59× | 1.93× | ||
| Q1 24 | -1.32× | 1.52× |
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% |
PAY
| Payment Transaction Processing Revenue | $326.9M | 99% |
| Other | $3.5M | 1% |
