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Side-by-side financial comparison of Forestar Group Inc. (FOR) and RideNow Group, Inc. (RDNW). Click either name above to swap in a different company.
Forestar Group Inc. is the larger business by last-quarter revenue ($273.0M vs $256.9M, roughly 1.1× RideNow Group, Inc.). Forestar Group Inc. runs the higher net margin — 5.6% vs -2.5%, a 8.1% gap on every dollar of revenue. On growth, Forestar Group Inc. posted the faster year-over-year revenue change (9.0% vs -4.7%). RideNow Group, Inc. produced more free cash flow last quarter ($-200.0K vs $-157.1M). Over the past eight quarters, RideNow Group, Inc.'s revenue compounded faster (-8.6% 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...
RideNow Group, Inc. is a leading U.S. retailer of new and used powersports vehicles, including motorcycles, all-terrain vehicles, side-by-sides, personal watercraft, and snowmobiles. It also offers related parts, repair services, and financing options for powersports enthusiasts across over 20 U.S. states.
FOR vs RDNW — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $273.0M | $256.9M |
| Net Profit | $15.4M | $-6.4M |
| Gross Margin | 20.1% | 27.6% |
| Operating Margin | 7.6% | 2.1% |
| Net Margin | 5.6% | -2.5% |
| Revenue YoY | 9.0% | -4.7% |
| Net Profit YoY | -6.7% | 88.7% |
| 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 | $256.9M | ||
| Q3 25 | $670.5M | $281.0M | ||
| Q2 25 | $390.5M | $299.9M | ||
| Q1 25 | $351.0M | $244.7M | ||
| Q4 24 | $250.4M | $269.6M | ||
| Q3 24 | $551.3M | $295.0M | ||
| Q2 24 | $318.4M | $336.8M | ||
| Q1 24 | $333.8M | $307.8M |
| Q4 25 | $15.4M | $-6.4M | ||
| Q3 25 | $86.9M | $-4.1M | ||
| Q2 25 | $32.9M | $-32.2M | ||
| Q1 25 | $31.6M | $-9.7M | ||
| Q4 24 | $16.5M | $-56.4M | ||
| Q3 24 | $81.5M | $-11.2M | ||
| Q2 24 | $38.7M | $-700.0K | ||
| Q1 24 | $45.0M | $-10.3M |
| Q4 25 | 20.1% | 27.6% | ||
| Q3 25 | 22.3% | 27.0% | ||
| Q2 25 | 20.4% | 28.0% | ||
| Q1 25 | 22.6% | 27.5% | ||
| Q4 24 | 22.0% | 25.0% | ||
| Q3 24 | 23.9% | 25.2% | ||
| Q2 24 | 22.5% | 26.7% | ||
| Q1 24 | 24.9% | 26.8% |
| Q4 25 | 7.6% | 2.1% | ||
| Q3 25 | 16.9% | 3.3% | ||
| Q2 25 | 11.2% | -6.3% | ||
| Q1 25 | 11.6% | 1.6% | ||
| Q4 24 | 8.7% | -15.2% | ||
| Q3 24 | 19.7% | 1.8% | ||
| Q2 24 | 16.2% | 4.6% | ||
| Q1 24 | 17.6% | 1.7% |
| Q4 25 | 5.6% | -2.5% | ||
| Q3 25 | 13.0% | -1.5% | ||
| Q2 25 | 8.4% | -10.7% | ||
| Q1 25 | 9.0% | -4.0% | ||
| Q4 24 | 6.6% | -20.9% | ||
| Q3 24 | 14.8% | -3.8% | ||
| Q2 24 | 12.2% | -0.2% | ||
| Q1 24 | 13.5% | -3.3% |
| Q4 25 | $0.30 | $-0.16 | ||
| Q3 25 | $1.70 | $-0.11 | ||
| Q2 25 | $0.65 | $-0.85 | ||
| Q1 25 | $0.62 | $-0.26 | ||
| Q4 24 | $0.32 | $-1.59 | ||
| Q3 24 | $1.59 | $-0.32 | ||
| Q2 24 | $0.76 | $-0.02 | ||
| Q1 24 | $0.89 | $-0.29 |
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 | $29.5M |
| Total DebtLower is stronger | $793.2M | $218.8M |
| Stockholders' EquityBook value | $1.8B | $-12.5M |
| Total Assets | $3.2B | $673.6M |
| Debt / EquityLower = less leverage | 0.44× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $211.7M | $29.5M | ||
| Q3 25 | $379.2M | $35.4M | ||
| Q2 25 | $189.2M | $44.7M | ||
| Q1 25 | $174.3M | $41.1M | ||
| Q4 24 | $132.0M | $85.3M | ||
| Q3 24 | $481.2M | $50.1M | ||
| Q2 24 | $359.2M | $58.1M | ||
| Q1 24 | $416.2M | $50.3M |
| Q4 25 | $793.2M | $218.8M | ||
| Q3 25 | $802.7M | $207.5M | ||
| Q2 25 | $872.8M | $218.4M | ||
| Q1 25 | $872.5M | $215.5M | ||
| Q4 24 | $806.8M | $267.4M | ||
| Q3 24 | $706.4M | $249.0M | ||
| Q2 24 | $706.1M | $247.7M | ||
| Q1 24 | $705.7M | $245.2M |
| Q4 25 | $1.8B | $-12.5M | ||
| Q3 25 | $1.8B | $-6.9M | ||
| Q2 25 | $1.7B | $-4.7M | ||
| Q1 25 | $1.6B | $26.9M | ||
| Q4 24 | $1.6B | $36.7M | ||
| Q3 24 | $1.6B | $83.3M | ||
| Q2 24 | $1.5B | $93.4M | ||
| Q1 24 | $1.5B | $92.7M |
| Q4 25 | $3.2B | $673.6M | ||
| Q3 25 | $3.1B | $699.4M | ||
| Q2 25 | $3.1B | $712.3M | ||
| Q1 25 | $3.0B | $738.9M | ||
| Q4 24 | $3.0B | $755.2M | ||
| Q3 24 | $2.8B | $830.5M | ||
| Q2 24 | $2.7B | $896.0M | ||
| Q1 24 | $2.6B | $898.7M |
| Q4 25 | 0.44× | — | ||
| Q3 25 | 0.45× | — | ||
| Q2 25 | 0.52× | — | ||
| Q1 25 | 0.53× | 8.01× | ||
| Q4 24 | 0.50× | 7.29× | ||
| Q3 24 | 0.44× | 2.99× | ||
| Q2 24 | 0.47× | 2.65× | ||
| Q1 24 | 0.48× | 2.65× |
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 | $400.0K |
| Free Cash FlowOCF − Capex | $-157.1M | $-200.0K |
| FCF MarginFCF / Revenue | -57.5% | -0.1% |
| Capex IntensityCapex / Revenue | 0.0% | 0.2% |
| Cash ConversionOCF / Net Profit | -10.19× | — |
| TTM Free Cash FlowTrailing 4 quarters | $93.0M | $10.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-157.0M | $400.0K | ||
| Q3 25 | $256.3M | $11.5M | ||
| Q2 25 | $15.8M | $10.9M | ||
| Q1 25 | $-19.8M | $-6.9M | ||
| Q4 24 | $-450.0M | $30.8M | ||
| Q3 24 | $119.2M | $39.4M | ||
| Q2 24 | $-61.7M | $12.2M | ||
| Q1 24 | $-59.2M | $17.0M |
| Q4 25 | $-157.1M | $-200.0K | ||
| Q3 25 | $255.6M | $9.4M | ||
| Q2 25 | $15.0M | $8.5M | ||
| Q1 25 | $-20.5M | $-7.4M | ||
| Q4 24 | — | $30.4M | ||
| Q3 24 | $118.4M | $38.8M | ||
| Q2 24 | $-62.3M | $11.8M | ||
| Q1 24 | $-59.8M | $16.4M |
| Q4 25 | -57.5% | -0.1% | ||
| Q3 25 | 38.1% | 3.3% | ||
| Q2 25 | 3.8% | 2.8% | ||
| Q1 25 | -5.8% | -3.0% | ||
| Q4 24 | — | 11.3% | ||
| Q3 24 | 21.5% | 13.2% | ||
| Q2 24 | -19.6% | 3.5% | ||
| Q1 24 | -17.9% | 5.3% |
| Q4 25 | 0.0% | 0.2% | ||
| Q3 25 | 0.1% | 0.7% | ||
| Q2 25 | 0.2% | 0.8% | ||
| Q1 25 | 0.2% | 0.2% | ||
| Q4 24 | 0.0% | 0.1% | ||
| Q3 24 | 0.1% | 0.2% | ||
| Q2 24 | 0.2% | 0.1% | ||
| Q1 24 | 0.2% | 0.2% |
| Q4 25 | -10.19× | — | ||
| Q3 25 | 2.95× | — | ||
| Q2 25 | 0.48× | — | ||
| Q1 25 | -0.63× | — | ||
| Q4 24 | -27.27× | — | ||
| Q3 24 | 1.46× | — | ||
| Q2 24 | -1.59× | — | ||
| Q1 24 | -1.32× | — |
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% |
RDNW
| Powersports New Vehicles | $133.5M | 52% |
| Parts And Other Revenue | $48.5M | 19% |
| Powersports Pre Owned Vehicles | $45.8M | 18% |
| Finance And Insurance | $24.1M | 9% |
| Vehicle Transportation Services Segment | $800.0K | 0% |
