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Side-by-side financial comparison of Forestar Group Inc. (FOR) and BRC Group Holdings, Inc. (RILY). Click either name above to swap in a different company.
Forestar Group Inc. is the larger business by last-quarter revenue ($273.0M vs $188.3M, roughly 1.4× BRC Group Holdings, Inc.). BRC Group Holdings, Inc. runs the higher net margin — 47.9% vs 5.6%, a 42.3% gap on every dollar of revenue. On growth, Forestar Group Inc. posted the faster year-over-year revenue change (9.0% vs -21.9%). Over the past eight quarters, Forestar Group Inc.'s revenue compounded faster (-9.6% CAGR vs -15.4%).
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...
FOR vs RILY — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $273.0M | $188.3M |
| Net Profit | $15.4M | $90.3M |
| Gross Margin | 20.1% | 79.5% |
| Operating Margin | 7.6% | 32.3% |
| Net Margin | 5.6% | 47.9% |
| Revenue YoY | 9.0% | -21.9% |
| Net Profit YoY | -6.7% | 1710.8% |
| EPS (diluted) | $0.30 | $2.78 |
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 | $188.3M | ||
| Q3 25 | $670.5M | $215.3M | ||
| Q2 25 | $390.5M | $188.2M | ||
| Q1 25 | $351.0M | $197.2M | ||
| Q4 24 | $250.4M | $241.0M | ||
| Q3 24 | $551.3M | $225.5M | ||
| Q2 24 | $318.4M | $256.0M | ||
| Q1 24 | $333.8M | $263.4M |
| Q4 25 | $15.4M | $90.3M | ||
| Q3 25 | $86.9M | $91.1M | ||
| Q2 25 | $32.9M | $139.5M | ||
| Q1 25 | $31.6M | $-10.0M | ||
| Q4 24 | $16.5M | $-5.6M | ||
| Q3 24 | $81.5M | $-284.4M | ||
| Q2 24 | $38.7M | $-433.6M | ||
| Q1 24 | $45.0M | $-49.2M |
| Q4 25 | 20.1% | 79.5% | ||
| Q3 25 | 22.3% | 83.7% | ||
| Q2 25 | 20.4% | 81.3% | ||
| Q1 25 | 22.6% | 81.4% | ||
| Q4 24 | 22.0% | 79.8% | ||
| Q3 24 | 23.9% | 82.1% | ||
| Q2 24 | 22.5% | 84.5% | ||
| Q1 24 | 24.9% | 85.3% |
| Q4 25 | 7.6% | 32.3% | ||
| Q3 25 | 16.9% | 30.4% | ||
| Q2 25 | 11.2% | 5.7% | ||
| Q1 25 | 11.6% | -31.2% | ||
| Q4 24 | 8.7% | -69.2% | ||
| Q3 24 | 19.7% | -36.4% | ||
| Q2 24 | 16.2% | -90.8% | ||
| Q1 24 | 17.6% | -6.1% |
| Q4 25 | 5.6% | 47.9% | ||
| Q3 25 | 13.0% | 42.3% | ||
| Q2 25 | 8.4% | 74.1% | ||
| Q1 25 | 9.0% | -5.1% | ||
| Q4 24 | 6.6% | -2.3% | ||
| Q3 24 | 14.8% | -126.1% | ||
| Q2 24 | 12.2% | -169.4% | ||
| Q1 24 | 13.5% | -18.7% |
| Q4 25 | $0.30 | $2.78 | ||
| Q3 25 | $1.70 | $2.91 | ||
| Q2 25 | $0.65 | $4.50 | ||
| Q1 25 | $0.62 | $-0.39 | ||
| Q4 24 | $0.32 | $-0.01 | ||
| Q3 24 | $1.59 | $-9.39 | ||
| Q2 24 | $0.76 | $-14.35 | ||
| Q1 24 | $0.89 | $-1.71 |
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 | $226.6M |
| Total DebtLower is stronger | $793.2M | $1.4B |
| Stockholders' EquityBook value | $1.8B | $-171.5M |
| Total Assets | $3.2B | $1.7B |
| Debt / EquityLower = less leverage | 0.44× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $211.7M | $226.6M | ||
| Q3 25 | $379.2M | $184.2M | ||
| Q2 25 | $189.2M | $267.4M | ||
| Q1 25 | $174.3M | $138.3M | ||
| Q4 24 | $132.0M | $146.9M | ||
| Q3 24 | $481.2M | $159.2M | ||
| Q2 24 | $359.2M | $236.9M | ||
| Q1 24 | $416.2M | $190.7M |
| Q4 25 | $793.2M | $1.4B | ||
| Q3 25 | $802.7M | $1.3B | ||
| Q2 25 | $872.8M | $1.3B | ||
| Q1 25 | $872.5M | $1.4B | ||
| Q4 24 | $806.8M | $1.5B | ||
| Q3 24 | $706.4M | — | ||
| Q2 24 | $706.1M | — | ||
| Q1 24 | $705.7M | — |
| Q4 25 | $1.8B | $-171.5M | ||
| Q3 25 | $1.8B | $-260.5M | ||
| Q2 25 | $1.7B | $-351.7M | ||
| Q1 25 | $1.6B | $-496.8M | ||
| Q4 24 | $1.6B | $-488.2M | ||
| Q3 24 | $1.6B | $-497.6M | ||
| Q2 24 | $1.5B | $-218.3M | ||
| Q1 24 | $1.5B | $228.4M |
| Q4 25 | $3.2B | $1.7B | ||
| Q3 25 | $3.1B | $1.7B | ||
| Q2 25 | $3.1B | $1.5B | ||
| Q1 25 | $3.0B | $1.5B | ||
| Q4 24 | $3.0B | $1.8B | ||
| Q3 24 | $2.8B | $2.2B | ||
| Q2 24 | $2.7B | $3.2B | ||
| Q1 24 | $2.6B | $5.0B |
| 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 | $26.2M |
| Free Cash FlowOCF − Capex | $-157.1M | — |
| FCF MarginFCF / Revenue | -57.5% | — |
| Capex IntensityCapex / Revenue | 0.0% | — |
| Cash ConversionOCF / Net Profit | -10.19× | 0.29× |
| TTM Free Cash FlowTrailing 4 quarters | $93.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-157.0M | $26.2M | ||
| Q3 25 | $256.3M | $-60.6M | ||
| Q2 25 | $15.8M | $-25.6M | ||
| Q1 25 | $-19.8M | $184.0K | ||
| Q4 24 | $-450.0M | $-2.7M | ||
| Q3 24 | $119.2M | $19.5M | ||
| Q2 24 | $-61.7M | $111.5M | ||
| Q1 24 | $-59.2M | $135.4M |
| Q4 25 | $-157.1M | — | ||
| Q3 25 | $255.6M | — | ||
| Q2 25 | $15.0M | — | ||
| Q1 25 | $-20.5M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $118.4M | — | ||
| Q2 24 | $-62.3M | — | ||
| Q1 24 | $-59.8M | — |
| Q4 25 | -57.5% | — | ||
| Q3 25 | 38.1% | — | ||
| Q2 25 | 3.8% | — | ||
| Q1 25 | -5.8% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 21.5% | — | ||
| Q2 24 | -19.6% | — | ||
| Q1 24 | -17.9% | — |
| Q4 25 | 0.0% | — | ||
| Q3 25 | 0.1% | — | ||
| Q2 25 | 0.2% | — | ||
| Q1 25 | 0.2% | — | ||
| Q4 24 | 0.0% | — | ||
| Q3 24 | 0.1% | — | ||
| Q2 24 | 0.2% | — | ||
| Q1 24 | 0.2% | — |
| Q4 25 | -10.19× | 0.29× | ||
| Q3 25 | 2.95× | -0.66× | ||
| Q2 25 | 0.48× | -0.18× | ||
| 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% |
RILY
| Transferred At Point In Time | $101.4M | 54% |
| Wealth Management Segment | $30.7M | 16% |
| Corporate Finance Consulting And Investment Banking Fees | $27.1M | 14% |
| Services And Fees | $24.8M | 13% |
| Commissions Fees And Reimbursed Expenses | $4.8M | 3% |
