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Side-by-side financial comparison of Forestar Group Inc. (FOR) and TRUPANION, INC. (TRUP). Click either name above to swap in a different company.
TRUPANION, INC. is the larger business by last-quarter revenue ($376.9M vs $273.0M, roughly 1.4× Forestar Group Inc.). On growth, TRUPANION, INC. posted the faster year-over-year revenue change (11.7% vs 9.0%). TRUPANION, INC. produced more free cash flow last quarter ($25.3M vs $-157.1M). Over the past eight quarters, TRUPANION, INC.'s revenue compounded faster (11.0% 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...
TRUPANION, INC.TRUPEarnings & Financial Report
Trupanion, Inc. is a pet insurance provider headquartered in Seattle, Washington. Established in 1998, Trupanion operates across the United States, Canada, Australia, and Puerto Rico. The company offers coverage for pets and is self-underwritten by the American Pet Insurance Company (APIC).
FOR vs TRUP — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $273.0M | $376.9M |
| Net Profit | $15.4M | — |
| Gross Margin | 20.1% | 17.3% |
| Operating Margin | 7.6% | 1.9% |
| Net Margin | 5.6% | — |
| Revenue YoY | 9.0% | 11.7% |
| Net Profit YoY | -6.7% | — |
| EPS (diluted) | $0.30 | $0.13 |
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 | $376.9M | ||
| Q3 25 | $670.5M | $366.9M | ||
| Q2 25 | $390.5M | $353.6M | ||
| Q1 25 | $351.0M | $342.0M | ||
| Q4 24 | $250.4M | $337.3M | ||
| Q3 24 | $551.3M | $327.5M | ||
| Q2 24 | $318.4M | $314.8M | ||
| Q1 24 | $333.8M | $306.1M |
| Q4 25 | $15.4M | — | ||
| Q3 25 | $86.9M | — | ||
| Q2 25 | $32.9M | — | ||
| Q1 25 | $31.6M | — | ||
| Q4 24 | $16.5M | — | ||
| Q3 24 | $81.5M | — | ||
| Q2 24 | $38.7M | — | ||
| Q1 24 | $45.0M | — |
| Q4 25 | 20.1% | 17.3% | ||
| Q3 25 | 22.3% | 16.4% | ||
| Q2 25 | 20.4% | 15.5% | ||
| Q1 25 | 22.6% | 14.9% | ||
| Q4 24 | 22.0% | 15.7% | ||
| Q3 24 | 23.9% | 15.1% | ||
| Q2 24 | 22.5% | 12.8% | ||
| Q1 24 | 24.9% | 11.8% |
| Q4 25 | 7.6% | 1.9% | ||
| Q3 25 | 16.9% | 1.6% | ||
| Q2 25 | 11.2% | 0.7% | ||
| Q1 25 | 11.6% | -0.4% | ||
| Q4 24 | 8.7% | 0.1% | ||
| Q3 24 | 19.7% | 0.5% | ||
| Q2 24 | 16.2% | -1.7% | ||
| Q1 24 | 17.6% | -2.0% |
| Q4 25 | 5.6% | — | ||
| Q3 25 | 13.0% | — | ||
| Q2 25 | 8.4% | — | ||
| Q1 25 | 9.0% | — | ||
| Q4 24 | 6.6% | — | ||
| Q3 24 | 14.8% | — | ||
| Q2 24 | 12.2% | — | ||
| Q1 24 | 13.5% | — |
| Q4 25 | $0.30 | $0.13 | ||
| Q3 25 | $1.70 | $0.13 | ||
| Q2 25 | $0.65 | $0.22 | ||
| Q1 25 | $0.62 | $-0.03 | ||
| Q4 24 | $0.32 | $0.04 | ||
| Q3 24 | $1.59 | $0.03 | ||
| Q2 24 | $0.76 | $-0.14 | ||
| Q1 24 | $0.89 | $-0.16 |
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 | $370.7M |
| Total DebtLower is stronger | $793.2M | $101.8M |
| Stockholders' EquityBook value | $1.8B | $383.9M |
| Total Assets | $3.2B | $915.0M |
| Debt / EquityLower = less leverage | 0.44× | 0.27× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $211.7M | $370.7M | ||
| Q3 25 | $379.2M | $348.5M | ||
| Q2 25 | $189.2M | $319.6M | ||
| Q1 25 | $174.3M | $321.8M | ||
| Q4 24 | $132.0M | $307.4M | ||
| Q3 24 | $481.2M | $293.1M | ||
| Q2 24 | $359.2M | $277.2M | ||
| Q1 24 | $416.2M | $275.2M |
| Q4 25 | $793.2M | $101.8M | ||
| Q3 25 | $802.7M | — | ||
| Q2 25 | $872.8M | — | ||
| Q1 25 | $872.5M | — | ||
| Q4 24 | $806.8M | $127.5M | ||
| Q3 24 | $706.4M | — | ||
| Q2 24 | $706.1M | — | ||
| Q1 24 | $705.7M | — |
| Q4 25 | $1.8B | $383.9M | ||
| Q3 25 | $1.8B | $368.6M | ||
| Q2 25 | $1.7B | $355.5M | ||
| Q1 25 | $1.6B | $333.7M | ||
| Q4 24 | $1.6B | $323.3M | ||
| Q3 24 | $1.6B | $320.2M | ||
| Q2 24 | $1.5B | $305.8M | ||
| Q1 24 | $1.5B | $303.4M |
| Q4 25 | $3.2B | $915.0M | ||
| Q3 25 | $3.1B | $880.2M | ||
| Q2 25 | $3.1B | $847.8M | ||
| Q1 25 | $3.0B | $837.2M | ||
| Q4 24 | $3.0B | $806.9M | ||
| Q3 24 | $2.8B | $816.1M | ||
| Q2 24 | $2.7B | $795.9M | ||
| Q1 24 | $2.6B | $789.5M |
| Q4 25 | 0.44× | 0.27× | ||
| Q3 25 | 0.45× | — | ||
| Q2 25 | 0.52× | — | ||
| Q1 25 | 0.53× | — | ||
| Q4 24 | 0.50× | 0.39× | ||
| 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 | $29.3M |
| Free Cash FlowOCF − Capex | $-157.1M | $25.3M |
| FCF MarginFCF / Revenue | -57.5% | 6.7% |
| Capex IntensityCapex / Revenue | 0.0% | 1.0% |
| Cash ConversionOCF / Net Profit | -10.19× | — |
| TTM Free Cash FlowTrailing 4 quarters | $93.0M | $75.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-157.0M | $29.3M | ||
| Q3 25 | $256.3M | $29.2M | ||
| Q2 25 | $15.8M | $15.0M | ||
| Q1 25 | $-19.8M | $16.0M | ||
| Q4 24 | $-450.0M | $23.7M | ||
| Q3 24 | $119.2M | $15.3M | ||
| Q2 24 | $-61.7M | $6.9M | ||
| Q1 24 | $-59.2M | $2.4M |
| Q4 25 | $-157.1M | $25.3M | ||
| Q3 25 | $255.6M | $23.9M | ||
| Q2 25 | $15.0M | $12.0M | ||
| Q1 25 | $-20.5M | $14.0M | ||
| Q4 24 | — | $21.8M | ||
| Q3 24 | $118.4M | $13.4M | ||
| Q2 24 | $-62.3M | $4.0M | ||
| Q1 24 | $-59.8M | $-631.0K |
| Q4 25 | -57.5% | 6.7% | ||
| Q3 25 | 38.1% | 6.5% | ||
| Q2 25 | 3.8% | 3.4% | ||
| Q1 25 | -5.8% | 4.1% | ||
| Q4 24 | — | 6.5% | ||
| Q3 24 | 21.5% | 4.1% | ||
| Q2 24 | -19.6% | 1.3% | ||
| Q1 24 | -17.9% | -0.2% |
| Q4 25 | 0.0% | 1.0% | ||
| Q3 25 | 0.1% | 1.4% | ||
| Q2 25 | 0.2% | 0.8% | ||
| Q1 25 | 0.2% | 0.6% | ||
| Q4 24 | 0.0% | 0.6% | ||
| Q3 24 | 0.1% | 0.6% | ||
| Q2 24 | 0.2% | 0.9% | ||
| Q1 24 | 0.2% | 1.0% |
| 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% |
TRUP
| Subscriptionbusiness | $261.4M | 69% |
| Other | $115.4M | 31% |
