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Side-by-side financial comparison of Forestar Group Inc. (FOR) and Palomar Holdings, Inc. (PLMR). Click either name above to swap in a different company.
Forestar Group Inc. is the larger business by last-quarter revenue ($273.0M vs $253.4M, roughly 1.1× Palomar Holdings, Inc.). On growth, Palomar Holdings, Inc. posted the faster year-over-year revenue change (62.7% vs 9.0%). Palomar Holdings, Inc. produced more free cash flow last quarter ($409.0M vs $-157.1M). Over the past eight quarters, Palomar Holdings, Inc.'s revenue compounded faster (46.2% 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...
Palomar Holdings, Inc. is a specialty insurance holding company that primarily provides property insurance products for catastrophe-exposed residential and commercial assets. It mainly operates across the United States, focusing on core segments including earthquake, flood, and windstorm coverage to meet high-risk property protection demands of customers.
FOR vs PLMR — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $273.0M | $253.4M |
| Net Profit | $15.4M | — |
| Gross Margin | 20.1% | — |
| Operating Margin | 7.6% | 28.7% |
| Net Margin | 5.6% | — |
| Revenue YoY | 9.0% | 62.7% |
| Net Profit YoY | -6.7% | — |
| EPS (diluted) | $0.30 | $2.05 |
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 | $253.4M | ||
| Q3 25 | $670.5M | $244.7M | ||
| Q2 25 | $390.5M | $203.3M | ||
| Q1 25 | $351.0M | $174.6M | ||
| Q4 24 | $250.4M | $155.8M | ||
| Q3 24 | $551.3M | $148.5M | ||
| Q2 24 | $318.4M | $131.1M | ||
| Q1 24 | $333.8M | $118.5M |
| Q4 25 | $15.4M | — | ||
| Q3 25 | $86.9M | $51.5M | ||
| Q2 25 | $32.9M | $46.5M | ||
| Q1 25 | $31.6M | $42.9M | ||
| Q4 24 | $16.5M | — | ||
| Q3 24 | $81.5M | $30.5M | ||
| Q2 24 | $38.7M | $25.7M | ||
| Q1 24 | $45.0M | $26.4M |
| 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 24 | 24.9% | — |
| Q4 25 | 7.6% | 28.7% | ||
| Q3 25 | 16.9% | 27.4% | ||
| Q2 25 | 11.2% | 29.5% | ||
| Q1 25 | 11.6% | 30.8% | ||
| Q4 24 | 8.7% | 28.9% | ||
| Q3 24 | 19.7% | 25.9% | ||
| Q2 24 | 16.2% | 25.5% | ||
| Q1 24 | 17.6% | 29.0% |
| Q4 25 | 5.6% | — | ||
| Q3 25 | 13.0% | 21.0% | ||
| Q2 25 | 8.4% | 22.9% | ||
| Q1 25 | 9.0% | 24.6% | ||
| Q4 24 | 6.6% | — | ||
| Q3 24 | 14.8% | 20.5% | ||
| Q2 24 | 12.2% | 19.6% | ||
| Q1 24 | 13.5% | 22.3% |
| Q4 25 | $0.30 | $2.05 | ||
| Q3 25 | $1.70 | $1.87 | ||
| Q2 25 | $0.65 | $1.68 | ||
| Q1 25 | $0.62 | $1.57 | ||
| Q4 24 | $0.32 | $1.29 | ||
| Q3 24 | $1.59 | $1.15 | ||
| Q2 24 | $0.76 | $1.00 | ||
| Q1 24 | $0.89 | $1.04 |
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 | $106.9M |
| Total DebtLower is stronger | $793.2M | — |
| Stockholders' EquityBook value | $1.8B | $942.7M |
| Total Assets | $3.2B | $3.1B |
| Debt / EquityLower = less leverage | 0.44× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $211.7M | $106.9M | ||
| Q3 25 | $379.2M | $111.7M | ||
| Q2 25 | $189.2M | $81.3M | ||
| Q1 25 | $174.3M | $119.3M | ||
| Q4 24 | $132.0M | $80.4M | ||
| Q3 24 | $481.2M | $86.5M | ||
| Q2 24 | $359.2M | $47.8M | ||
| Q1 24 | $416.2M | $61.4M |
| 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 | $942.7M | ||
| Q3 25 | $1.8B | $878.1M | ||
| Q2 25 | $1.7B | $847.2M | ||
| Q1 25 | $1.6B | $790.4M | ||
| Q4 24 | $1.6B | $729.0M | ||
| Q3 24 | $1.6B | $703.3M | ||
| Q2 24 | $1.5B | $532.6M | ||
| Q1 24 | $1.5B | $501.7M |
| Q4 25 | $3.2B | $3.1B | ||
| Q3 25 | $3.1B | $2.9B | ||
| Q2 25 | $3.1B | $2.8B | ||
| Q1 25 | $3.0B | $2.4B | ||
| Q4 24 | $3.0B | $2.3B | ||
| Q3 24 | $2.8B | $2.3B | ||
| Q2 24 | $2.7B | $2.0B | ||
| Q1 24 | $2.6B | $1.9B |
| 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 | $409.1M |
| Free Cash FlowOCF − Capex | $-157.1M | $409.0M |
| FCF MarginFCF / Revenue | -57.5% | 161.4% |
| Capex IntensityCapex / Revenue | 0.0% | 0.1% |
| Cash ConversionOCF / Net Profit | -10.19× | — |
| TTM Free Cash FlowTrailing 4 quarters | $93.0M | $700.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-157.0M | $409.1M | ||
| Q3 25 | $256.3M | $83.6M | ||
| Q2 25 | $15.8M | $120.9M | ||
| Q1 25 | $-19.8M | $87.2M | ||
| Q4 24 | $-450.0M | $261.2M | ||
| Q3 24 | $119.2M | $100.3M | ||
| Q2 24 | $-61.7M | $55.1M | ||
| Q1 24 | $-59.2M | $33.1M |
| Q4 25 | $-157.1M | $409.0M | ||
| Q3 25 | $255.6M | $83.6M | ||
| Q2 25 | $15.0M | $120.8M | ||
| Q1 25 | $-20.5M | $87.1M | ||
| Q4 24 | — | $260.9M | ||
| Q3 24 | $118.4M | $100.1M | ||
| Q2 24 | $-62.3M | — | ||
| Q1 24 | $-59.8M | — |
| Q4 25 | -57.5% | 161.4% | ||
| Q3 25 | 38.1% | 34.2% | ||
| Q2 25 | 3.8% | 59.4% | ||
| Q1 25 | -5.8% | 49.9% | ||
| Q4 24 | — | 167.5% | ||
| Q3 24 | 21.5% | 67.4% | ||
| Q2 24 | -19.6% | — | ||
| Q1 24 | -17.9% | — |
| Q4 25 | 0.0% | 0.1% | ||
| Q3 25 | 0.1% | 0.0% | ||
| Q2 25 | 0.2% | 0.0% | ||
| Q1 25 | 0.2% | 0.0% | ||
| Q4 24 | 0.0% | 0.2% | ||
| Q3 24 | 0.1% | 0.1% | ||
| Q2 24 | 0.2% | 0.0% | ||
| Q1 24 | 0.2% | 0.0% |
| Q4 25 | -10.19× | — | ||
| Q3 25 | 2.95× | 1.63× | ||
| Q2 25 | 0.48× | 2.60× | ||
| Q1 25 | -0.63× | 2.03× | ||
| Q4 24 | -27.27× | — | ||
| Q3 24 | 1.46× | 3.29× | ||
| Q2 24 | -1.59× | 2.14× | ||
| Q1 24 | -1.32× | 1.26× |
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% |
PLMR
Segment breakdown not available.
