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Side-by-side financial comparison of Forestar Group Inc. (FOR) and PEGASYSTEMS INC (PEGA). Click either name above to swap in a different company.
PEGASYSTEMS INC is the larger business by last-quarter revenue ($430.0M vs $273.0M, roughly 1.6× Forestar Group Inc.). PEGASYSTEMS INC runs the higher net margin — 7.6% vs 5.6%, a 2.0% gap on every dollar of revenue. On growth, Forestar Group Inc. posted the faster year-over-year revenue change (9.0% vs -9.6%). PEGASYSTEMS INC produced more free cash flow last quarter ($206.5M vs $-157.1M). Over the past eight quarters, PEGASYSTEMS INC's revenue compounded faster (10.7% 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...
Pegasystems Inc. (Pega) is a global software company based in Waltham, Massachusetts, in the United States, and founded in 1983. The company has been publicly traded since 1996 as PEGA (NASDAQ). Pega is a low-code platform for workflow automation and generative AI-powered decision-making for businesses.
FOR vs PEGA — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $273.0M | $430.0M |
| Net Profit | $15.4M | $32.8M |
| Gross Margin | 20.1% | 75.2% |
| Operating Margin | 7.6% | 8.6% |
| Net Margin | 5.6% | 7.6% |
| Revenue YoY | 9.0% | -9.6% |
| Net Profit YoY | -6.7% | — |
| EPS (diluted) | $0.30 | $0.18 |
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 | — | $430.0M | ||
| Q4 25 | $273.0M | $504.3M | ||
| Q3 25 | $670.5M | $381.4M | ||
| Q2 25 | $390.5M | $384.5M | ||
| Q1 25 | $351.0M | $475.6M | ||
| Q4 24 | $250.4M | $490.8M | ||
| Q3 24 | $551.3M | $325.1M | ||
| Q2 24 | $318.4M | $351.2M |
| Q1 26 | — | $32.8M | ||
| Q4 25 | $15.4M | $234.6M | ||
| Q3 25 | $86.9M | $43.4M | ||
| Q2 25 | $32.9M | $30.1M | ||
| Q1 25 | $31.6M | $85.4M | ||
| Q4 24 | $16.5M | $119.1M | ||
| Q3 24 | $81.5M | $-14.4M | ||
| Q2 24 | $38.7M | $6.6M |
| Q1 26 | — | 75.2% | ||
| Q4 25 | 20.1% | 79.5% | ||
| Q3 25 | 22.3% | 72.2% | ||
| Q2 25 | 20.4% | 71.5% | ||
| Q1 25 | 22.6% | 78.5% | ||
| Q4 24 | 22.0% | 79.1% | ||
| Q3 24 | 23.9% | 70.2% | ||
| Q2 24 | 22.5% | 72.4% |
| Q1 26 | — | 8.6% | ||
| Q4 25 | 7.6% | 20.7% | ||
| Q3 25 | 16.9% | 3.8% | ||
| Q2 25 | 11.2% | 4.5% | ||
| Q1 25 | 11.6% | 26.7% | ||
| Q4 24 | 8.7% | 29.1% | ||
| Q3 24 | 19.7% | -3.6% | ||
| Q2 24 | 16.2% | 3.7% |
| Q1 26 | — | 7.6% | ||
| Q4 25 | 5.6% | 46.5% | ||
| Q3 25 | 13.0% | 11.4% | ||
| Q2 25 | 8.4% | 7.8% | ||
| Q1 25 | 9.0% | 18.0% | ||
| Q4 24 | 6.6% | 24.3% | ||
| Q3 24 | 14.8% | -4.4% | ||
| Q2 24 | 12.2% | 1.9% |
| Q1 26 | — | $0.18 | ||
| Q4 25 | $0.30 | $0.81 | ||
| Q3 25 | $1.70 | $0.24 | ||
| Q2 25 | $0.65 | $0.17 | ||
| Q1 25 | $0.62 | $0.91 | ||
| Q4 24 | $0.32 | $1.35 | ||
| Q3 24 | $1.59 | $-0.17 | ||
| Q2 24 | $0.76 | $0.07 |
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 | $270.0M |
| Total DebtLower is stronger | $793.2M | — |
| Stockholders' EquityBook value | $1.8B | $705.9M |
| Total Assets | $3.2B | $1.6B |
| Debt / EquityLower = less leverage | 0.44× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $270.0M | ||
| Q4 25 | $211.7M | $425.8M | ||
| Q3 25 | $379.2M | $351.4M | ||
| Q2 25 | $189.2M | $411.6M | ||
| Q1 25 | $174.3M | $371.7M | ||
| Q4 24 | $132.0M | $740.0M | ||
| Q3 24 | $481.2M | $703.0M | ||
| Q2 24 | $359.2M | $665.1M |
| 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 | — | $705.9M | ||
| Q4 25 | $1.8B | $787.4M | ||
| Q3 25 | $1.8B | $596.8M | ||
| Q2 25 | $1.7B | $624.5M | ||
| Q1 25 | $1.6B | $611.3M | ||
| Q4 24 | $1.6B | $585.5M | ||
| Q3 24 | $1.6B | $473.0M | ||
| Q2 24 | $1.5B | $435.4M |
| Q1 26 | — | $1.6B | ||
| Q4 25 | $3.2B | $1.6B | ||
| Q3 25 | $3.1B | $1.3B | ||
| Q2 25 | $3.1B | $1.3B | ||
| Q1 25 | $3.0B | $1.3B | ||
| Q4 24 | $3.0B | $1.8B | ||
| Q3 24 | $2.8B | $1.6B | ||
| Q2 24 | $2.7B | $1.5B |
| 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 | $206.5M |
| FCF MarginFCF / Revenue | -57.5% | 48.0% |
| Capex IntensityCapex / Revenue | 0.0% | — |
| Cash ConversionOCF / Net Profit | -10.19× | — |
| TTM Free Cash FlowTrailing 4 quarters | $93.0M | $494.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $-157.0M | $158.4M | ||
| Q3 25 | $256.3M | $56.3M | ||
| Q2 25 | $15.8M | $86.3M | ||
| Q1 25 | $-19.8M | $204.2M | ||
| Q4 24 | $-450.0M | $95.2M | ||
| Q3 24 | $119.2M | $30.5M | ||
| Q2 24 | $-61.7M | $40.1M |
| Q1 26 | — | $206.5M | ||
| Q4 25 | $-157.1M | $152.4M | ||
| Q3 25 | $255.6M | $51.8M | ||
| Q2 25 | $15.0M | $84.1M | ||
| Q1 25 | $-20.5M | $202.3M | ||
| Q4 24 | — | $92.4M | ||
| Q3 24 | $118.4M | $27.4M | ||
| Q2 24 | $-62.3M | $38.8M |
| Q1 26 | — | 48.0% | ||
| Q4 25 | -57.5% | 30.2% | ||
| Q3 25 | 38.1% | 13.6% | ||
| Q2 25 | 3.8% | 21.9% | ||
| Q1 25 | -5.8% | 42.5% | ||
| Q4 24 | — | 18.8% | ||
| Q3 24 | 21.5% | 8.4% | ||
| Q2 24 | -19.6% | 11.1% |
| Q1 26 | — | — | ||
| Q4 25 | 0.0% | 1.2% | ||
| Q3 25 | 0.1% | 1.2% | ||
| Q2 25 | 0.2% | 0.6% | ||
| Q1 25 | 0.2% | 0.4% | ||
| Q4 24 | 0.0% | 0.6% | ||
| Q3 24 | 0.1% | 0.9% | ||
| Q2 24 | 0.2% | 0.4% |
| Q1 26 | — | — | ||
| Q4 25 | -10.19× | 0.68× | ||
| Q3 25 | 2.95× | 1.30× | ||
| Q2 25 | 0.48× | 2.87× | ||
| Q1 25 | -0.63× | 2.39× | ||
| Q4 24 | -27.27× | 0.80× | ||
| Q3 24 | 1.46× | — | ||
| Q2 24 | -1.59× | 6.06× |
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% |
PEGA
| Pega Cloud | $205.0M | 48% |
| Subscription license | $94.9M | 22% |
| Maintenance | $75.3M | 18% |
| Consulting | $54.8M | 13% |
