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Side-by-side financial comparison of Forestar Group Inc. (FOR) and Smith Douglas Homes Corp. (SDHC). Click either name above to swap in a different company.
Forestar Group Inc. is the larger business by last-quarter revenue ($273.0M vs $260.4M, roughly 1.0× Smith Douglas Homes Corp.). Forestar Group Inc. runs the higher net margin — 5.6% vs 1.4%, a 4.3% gap on every dollar of revenue. On growth, Forestar Group Inc. posted the faster year-over-year revenue change (9.0% vs -9.4%). Smith Douglas Homes Corp. produced more free cash flow last quarter ($8.7M vs $-157.1M). Over the past eight quarters, Smith Douglas Homes Corp.'s revenue compounded faster (17.3% 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...
Smith & Wesson Brands, Inc. (S&W) is an American firearm manufacturer headquartered in Maryville, Tennessee, United States.
FOR vs SDHC — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $273.0M | $260.4M |
| Net Profit | $15.4M | $3.5M |
| Gross Margin | 20.1% | 19.9% |
| Operating Margin | 7.6% | 6.5% |
| Net Margin | 5.6% | 1.4% |
| Revenue YoY | 9.0% | -9.4% |
| Net Profit YoY | -6.7% | -14.3% |
| EPS (diluted) | $0.30 | $0.39 |
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 | $260.4M | ||
| Q3 25 | $670.5M | $262.0M | ||
| Q2 25 | $390.5M | $223.9M | ||
| Q1 25 | $351.0M | $224.7M | ||
| Q4 24 | $250.4M | $287.5M | ||
| Q3 24 | $551.3M | $277.8M | ||
| Q2 24 | $318.4M | $220.9M | ||
| Q1 24 | $333.8M | $189.2M |
| Q4 25 | $15.4M | $3.5M | ||
| Q3 25 | $86.9M | $2.1M | ||
| Q2 25 | $32.9M | $2.4M | ||
| Q1 25 | $31.6M | $2.7M | ||
| Q4 24 | $16.5M | $4.1M | ||
| Q3 24 | $81.5M | $5.3M | ||
| Q2 24 | $38.7M | $3.6M | ||
| Q1 24 | $45.0M | $3.0M |
| Q4 25 | 20.1% | 19.9% | ||
| Q3 25 | 22.3% | 21.0% | ||
| Q2 25 | 20.4% | 23.2% | ||
| Q1 25 | 22.6% | 23.8% | ||
| Q4 24 | 22.0% | 25.5% | ||
| Q3 24 | 23.9% | 26.5% | ||
| Q2 24 | 22.5% | 26.7% | ||
| Q1 24 | 24.9% | 26.1% |
| Q4 25 | 7.6% | 6.5% | ||
| Q3 25 | 16.9% | 6.6% | ||
| Q2 25 | 11.2% | 7.7% | ||
| Q1 25 | 11.6% | 8.7% | ||
| Q4 24 | 8.7% | 10.4% | ||
| Q3 24 | 19.7% | 14.2% | ||
| Q2 24 | 16.2% | 11.7% | ||
| Q1 24 | 17.6% | 11.3% |
| Q4 25 | 5.6% | 1.4% | ||
| Q3 25 | 13.0% | 0.8% | ||
| Q2 25 | 8.4% | 1.1% | ||
| Q1 25 | 9.0% | 1.2% | ||
| Q4 24 | 6.6% | 1.4% | ||
| Q3 24 | 14.8% | 1.9% | ||
| Q2 24 | 12.2% | 1.7% | ||
| Q1 24 | 13.5% | 1.6% |
| Q4 25 | $0.30 | $0.39 | ||
| Q3 25 | $1.70 | $0.24 | ||
| Q2 25 | $0.65 | $0.26 | ||
| Q1 25 | $0.62 | $0.30 | ||
| Q4 24 | $0.32 | $0.50 | ||
| Q3 24 | $1.59 | $0.58 | ||
| Q2 24 | $0.76 | $0.40 | ||
| Q1 24 | $0.89 | $0.33 |
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 | $12.7M |
| Total DebtLower is stronger | $793.2M | — |
| Stockholders' EquityBook value | $1.8B | $86.7M |
| Total Assets | $3.2B | $557.6M |
| Debt / EquityLower = less leverage | 0.44× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $211.7M | $12.7M | ||
| Q3 25 | $379.2M | $14.8M | ||
| Q2 25 | $189.2M | $16.8M | ||
| Q1 25 | $174.3M | $12.7M | ||
| Q4 24 | $132.0M | $22.4M | ||
| Q3 24 | $481.2M | $23.7M | ||
| Q2 24 | $359.2M | $17.3M | ||
| Q1 24 | $416.2M | $32.8M |
| 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 | $86.7M | ||
| Q3 25 | $1.8B | $82.2M | ||
| Q2 25 | $1.7B | $80.0M | ||
| Q1 25 | $1.6B | $76.9M | ||
| Q4 24 | $1.6B | $73.6M | ||
| Q3 24 | $1.6B | $68.4M | ||
| Q2 24 | $1.5B | $62.1M | ||
| Q1 24 | $1.5B | $59.7M |
| Q4 25 | $3.2B | $557.6M | ||
| Q3 25 | $3.1B | $571.6M | ||
| Q2 25 | $3.1B | $570.2M | ||
| Q1 25 | $3.0B | $513.9M | ||
| Q4 24 | $3.0B | $475.9M | ||
| Q3 24 | $2.8B | $460.1M | ||
| Q2 24 | $2.7B | $429.3M | ||
| Q1 24 | $2.6B | $401.3M |
| 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 | $9.8M |
| Free Cash FlowOCF − Capex | $-157.1M | $8.7M |
| FCF MarginFCF / Revenue | -57.5% | 3.4% |
| Capex IntensityCapex / Revenue | 0.0% | 0.4% |
| Cash ConversionOCF / Net Profit | -10.19× | 2.77× |
| TTM Free Cash FlowTrailing 4 quarters | $93.0M | $-36.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-157.0M | $9.8M | ||
| Q3 25 | $256.3M | $22.8M | ||
| Q2 25 | $15.8M | $-28.9M | ||
| Q1 25 | $-19.8M | $-34.9M | ||
| Q4 24 | $-450.0M | $5.5M | ||
| Q3 24 | $119.2M | $22.9M | ||
| Q2 24 | $-61.7M | $39.0K | ||
| Q1 24 | $-59.2M | $-9.3M |
| Q4 25 | $-157.1M | $8.7M | ||
| Q3 25 | $255.6M | $21.4M | ||
| Q2 25 | $15.0M | $-31.1M | ||
| Q1 25 | $-20.5M | $-35.9M | ||
| Q4 24 | — | $4.8M | ||
| Q3 24 | $118.4M | $22.3M | ||
| Q2 24 | $-62.3M | $-2.1M | ||
| Q1 24 | $-59.8M | $-9.7M |
| Q4 25 | -57.5% | 3.4% | ||
| Q3 25 | 38.1% | 8.2% | ||
| Q2 25 | 3.8% | -13.9% | ||
| Q1 25 | -5.8% | -16.0% | ||
| Q4 24 | — | 1.7% | ||
| Q3 24 | 21.5% | 8.0% | ||
| Q2 24 | -19.6% | -1.0% | ||
| Q1 24 | -17.9% | -5.1% |
| Q4 25 | 0.0% | 0.4% | ||
| Q3 25 | 0.1% | 0.5% | ||
| Q2 25 | 0.2% | 0.9% | ||
| Q1 25 | 0.2% | 0.5% | ||
| Q4 24 | 0.0% | 0.2% | ||
| Q3 24 | 0.1% | 0.2% | ||
| Q2 24 | 0.2% | 1.0% | ||
| Q1 24 | 0.2% | 0.2% |
| Q4 25 | -10.19× | 2.77× | ||
| Q3 25 | 2.95× | 10.70× | ||
| Q2 25 | 0.48× | -12.24× | ||
| Q1 25 | -0.63× | -13.01× | ||
| Q4 24 | -27.27× | 1.33× | ||
| Q3 24 | 1.46× | 4.28× | ||
| Q2 24 | -1.59× | 0.01× | ||
| Q1 24 | -1.32× | -3.12× |
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% |
SDHC
| Southeast | $164.7M | 63% |
| Central | $95.8M | 37% |
