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Side-by-side financial comparison of Forestar Group Inc. (FOR) and Riot Platforms, Inc. (RIOT). Click either name above to swap in a different company.
Forestar Group Inc. is the larger business by last-quarter revenue ($273.0M vs $152.8M, roughly 1.8× Riot Platforms, Inc.). Forestar Group Inc. runs the higher net margin — 5.6% vs -452.0%, a 457.6% gap on every dollar of revenue. On growth, Forestar Group Inc. posted the faster year-over-year revenue change (9.0% vs 7.2%). Forestar Group Inc. produced more free cash flow last quarter ($-157.1M vs $-774.3M). Over the past eight quarters, Riot Platforms, Inc.'s revenue compounded faster (38.8% 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...
Riot Platforms, Inc. is a leading U.S.-based enterprise focused on Bitcoin mining, operating multiple large-scale, energy-efficient data centers across North America. It also invests in blockchain infrastructure development and holds Bitcoin as a core long-term reserve asset, centering its business strategy around the digital asset ecosystem.
FOR vs RIOT — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $273.0M | $152.8M |
| Net Profit | $15.4M | $-690.7M |
| Gross Margin | 20.1% | — |
| Operating Margin | 7.6% | -447.9% |
| Net Margin | 5.6% | -452.0% |
| Revenue YoY | 9.0% | 7.2% |
| Net Profit YoY | -6.7% | -606.3% |
| EPS (diluted) | $0.30 | $-1.89 |
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 | $152.8M | ||
| Q3 25 | $670.5M | $180.2M | ||
| Q2 25 | $390.5M | $153.0M | ||
| Q1 25 | $351.0M | $161.4M | ||
| Q4 24 | $250.4M | $142.6M | ||
| Q3 24 | $551.3M | $84.8M | ||
| Q2 24 | $318.4M | $70.0M | ||
| Q1 24 | $333.8M | $79.3M |
| Q4 25 | $15.4M | $-690.7M | ||
| Q3 25 | $86.9M | $104.5M | ||
| Q2 25 | $32.9M | $219.5M | ||
| Q1 25 | $31.6M | $-296.4M | ||
| Q4 24 | $16.5M | $136.4M | ||
| Q3 24 | $81.5M | $-154.4M | ||
| Q2 24 | $38.7M | $-84.4M | ||
| Q1 24 | $45.0M | $211.8M |
| 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% | -447.9% | ||
| Q3 25 | 16.9% | 44.4% | ||
| Q2 25 | 11.2% | — | ||
| Q1 25 | 11.6% | -144.9% | ||
| Q4 24 | 8.7% | — | ||
| Q3 24 | 19.7% | -143.3% | ||
| Q2 24 | 16.2% | -167.2% | ||
| Q1 24 | 17.6% | — |
| Q4 25 | 5.6% | -452.0% | ||
| Q3 25 | 13.0% | 58.0% | ||
| Q2 25 | 8.4% | 143.4% | ||
| Q1 25 | 9.0% | -183.6% | ||
| Q4 24 | 6.6% | 95.7% | ||
| Q3 24 | 14.8% | -182.1% | ||
| Q2 24 | 12.2% | -120.6% | ||
| Q1 24 | 13.5% | 267.1% |
| Q4 25 | $0.30 | $-1.89 | ||
| Q3 25 | $1.70 | $0.26 | ||
| Q2 25 | $0.65 | $0.58 | ||
| Q1 25 | $0.62 | $-0.90 | ||
| Q4 24 | $0.32 | $0.39 | ||
| Q3 24 | $1.59 | $-0.54 | ||
| Q2 24 | $0.76 | $-0.32 | ||
| Q1 24 | $0.89 | $0.51 |
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 | $233.5M |
| Total DebtLower is stronger | $793.2M | $840.8M |
| Stockholders' EquityBook value | $1.8B | $2.9B |
| Total Assets | $3.2B | $3.9B |
| Debt / EquityLower = less leverage | 0.44× | 0.29× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $211.7M | $233.5M | ||
| Q3 25 | $379.2M | $330.7M | ||
| Q2 25 | $189.2M | $255.4M | ||
| Q1 25 | $174.3M | $163.7M | ||
| Q4 24 | $132.0M | $277.9M | ||
| Q3 24 | $481.2M | $355.7M | ||
| Q2 24 | $359.2M | $481.2M | ||
| Q1 24 | $416.2M | $688.5M |
| Q4 25 | $793.2M | $840.8M | ||
| Q3 25 | $802.7M | $5.3M | ||
| Q2 25 | $872.8M | $5.3M | ||
| Q1 25 | $872.5M | $5.3M | ||
| Q4 24 | $806.8M | $584.6M | ||
| Q3 24 | $706.4M | $5.7M | ||
| Q2 24 | $706.1M | — | ||
| Q1 24 | $705.7M | — |
| Q4 25 | $1.8B | $2.9B | ||
| Q3 25 | $1.8B | $3.5B | ||
| Q2 25 | $1.7B | $3.3B | ||
| Q1 25 | $1.6B | $2.9B | ||
| Q4 24 | $1.6B | $3.1B | ||
| Q3 24 | $1.6B | $2.7B | ||
| Q2 24 | $1.5B | $2.6B | ||
| Q1 24 | $1.5B | $2.5B |
| Q4 25 | $3.2B | $3.9B | ||
| Q3 25 | $3.1B | $4.5B | ||
| Q2 25 | $3.1B | $4.3B | ||
| Q1 25 | $3.0B | $3.7B | ||
| Q4 24 | $3.0B | $3.9B | ||
| Q3 24 | $2.8B | $2.9B | ||
| Q2 24 | $2.7B | $2.7B | ||
| Q1 24 | $2.6B | $2.6B |
| Q4 25 | 0.44× | 0.29× | ||
| Q3 25 | 0.45× | 0.00× | ||
| Q2 25 | 0.52× | 0.00× | ||
| Q1 25 | 0.53× | 0.00× | ||
| Q4 24 | 0.50× | 0.19× | ||
| Q3 24 | 0.44× | 0.00× | ||
| 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 | $-572.9M |
| Free Cash FlowOCF − Capex | $-157.1M | $-774.3M |
| FCF MarginFCF / Revenue | -57.5% | -506.6% |
| Capex IntensityCapex / Revenue | 0.0% | 131.8% |
| Cash ConversionOCF / Net Profit | -10.19× | — |
| TTM Free Cash FlowTrailing 4 quarters | $93.0M | $-1.4B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-157.0M | $-572.9M | ||
| Q3 25 | $256.3M | $-114.0M | ||
| Q2 25 | $15.8M | $-231.3M | ||
| Q1 25 | $-19.8M | $-122.1M | ||
| Q4 24 | $-450.0M | $-255.1M | ||
| Q3 24 | $119.2M | $-56.3M | ||
| Q2 24 | $-61.7M | $-42.5M | ||
| Q1 24 | $-59.2M | $-57.9M |
| Q4 25 | $-157.1M | $-774.3M | ||
| Q3 25 | $255.6M | $-139.7M | ||
| Q2 25 | $15.0M | $-291.7M | ||
| Q1 25 | $-20.5M | $-154.9M | ||
| Q4 24 | — | $-495.4M | ||
| Q3 24 | $118.4M | $-127.6M | ||
| Q2 24 | $-62.3M | $-96.1M | ||
| Q1 24 | $-59.8M | $-115.2M |
| Q4 25 | -57.5% | -506.6% | ||
| Q3 25 | 38.1% | -77.5% | ||
| Q2 25 | 3.8% | -190.7% | ||
| Q1 25 | -5.8% | -96.0% | ||
| Q4 24 | — | -347.5% | ||
| Q3 24 | 21.5% | -150.5% | ||
| Q2 24 | -19.6% | -137.2% | ||
| Q1 24 | -17.9% | -145.2% |
| Q4 25 | 0.0% | 131.8% | ||
| Q3 25 | 0.1% | 14.3% | ||
| Q2 25 | 0.2% | 39.5% | ||
| Q1 25 | 0.2% | 20.4% | ||
| Q4 24 | 0.0% | 168.6% | ||
| Q3 24 | 0.1% | 84.1% | ||
| Q2 24 | 0.2% | 76.5% | ||
| Q1 24 | 0.2% | 72.3% |
| Q4 25 | -10.19× | — | ||
| Q3 25 | 2.95× | -1.09× | ||
| Q2 25 | 0.48× | -1.05× | ||
| Q1 25 | -0.63× | — | ||
| Q4 24 | -27.27× | -1.87× | ||
| Q3 24 | 1.46× | — | ||
| Q2 24 | -1.59× | — | ||
| Q1 24 | -1.32× | -0.27× |
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% |
RIOT
| Bitcoin Mining Segment | $131.7M | 86% |
| Engineering Segment | $21.1M | 14% |
