vs
Side-by-side financial comparison of Forestar Group Inc. (FOR) and CVR PARTNERS, LP (UAN). Click either name above to swap in a different company.
Forestar Group Inc. is the larger business by last-quarter revenue ($273.0M vs $180.0M, roughly 1.5× CVR PARTNERS, LP). CVR PARTNERS, LP runs the higher net margin — 27.7% vs 5.6%, a 22.1% gap on every dollar of revenue. On growth, CVR PARTNERS, LP posted the faster year-over-year revenue change (26.0% vs 9.0%). Over the past eight quarters, CVR PARTNERS, LP's revenue compounded faster (16.4% 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...
CVR Partners, LP is a leading North American producer of nitrogen-based fertilizer products, primarily urea ammonium nitrate (UAN) and ammonia. It serves agricultural, industrial and commercial markets across the U.S. and Canada, delivering cost-effective, high-quality nutrient solutions for crop production and diverse industrial use cases.
FOR vs UAN — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $273.0M | $180.0M |
| Net Profit | $15.4M | $49.9M |
| Gross Margin | 20.1% | 37.5% |
| Operating Margin | 7.6% | 32.0% |
| Net Margin | 5.6% | 27.7% |
| Revenue YoY | 9.0% | 26.0% |
| Net Profit YoY | -6.7% | 84.3% |
| EPS (diluted) | $0.30 | — |
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.
| Q1 26 | — | $180.0M | ||
| Q4 25 | $273.0M | $131.1M | ||
| Q3 25 | $670.5M | $163.5M | ||
| Q2 25 | $390.5M | $168.6M | ||
| Q1 25 | $351.0M | $142.9M | ||
| Q4 24 | $250.4M | $139.6M | ||
| Q3 24 | $551.3M | $125.2M | ||
| Q2 24 | $318.4M | $132.9M |
| Q1 26 | — | $49.9M | ||
| Q4 25 | $15.4M | $-10.3M | ||
| Q3 25 | $86.9M | $43.1M | ||
| Q2 25 | $32.9M | $38.8M | ||
| Q1 25 | $31.6M | $27.1M | ||
| Q4 24 | $16.5M | $18.3M | ||
| Q3 24 | $81.5M | $3.8M | ||
| Q2 24 | $38.7M | $26.2M |
| Q1 26 | — | 37.5% | ||
| Q4 25 | 20.1% | 4.4% | ||
| Q3 25 | 22.3% | 37.0% | ||
| Q2 25 | 20.4% | 32.4% | ||
| Q1 25 | 22.6% | 29.7% | ||
| Q4 24 | 22.0% | 23.8% | ||
| Q3 24 | 23.9% | 14.7% | ||
| Q2 24 | 22.5% | 30.0% |
| Q1 26 | — | 32.0% | ||
| Q4 25 | 7.6% | -2.2% | ||
| Q3 25 | 16.9% | 31.0% | ||
| Q2 25 | 11.2% | 27.5% | ||
| Q1 25 | 11.6% | 24.2% | ||
| Q4 24 | 8.7% | 18.4% | ||
| Q3 24 | 19.7% | 8.8% | ||
| Q2 24 | 16.2% | 25.3% |
| Q1 26 | — | 27.7% | ||
| Q4 25 | 5.6% | -7.8% | ||
| Q3 25 | 13.0% | 26.3% | ||
| Q2 25 | 8.4% | 23.0% | ||
| Q1 25 | 9.0% | 19.0% | ||
| Q4 24 | 6.6% | 13.1% | ||
| Q3 24 | 14.8% | 3.0% | ||
| Q2 24 | 12.2% | 19.7% |
| Q1 26 | — | — | ||
| Q4 25 | $0.30 | $-0.98 | ||
| Q3 25 | $1.70 | $4.08 | ||
| Q2 25 | $0.65 | $3.67 | ||
| Q1 25 | $0.62 | $2.56 | ||
| Q4 24 | $0.32 | $1.73 | ||
| Q3 24 | $1.59 | $0.36 | ||
| Q2 24 | $0.76 | $2.48 |
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 | $128.1M |
| Total DebtLower is stronger | $793.2M | — |
| Stockholders' EquityBook value | $1.8B | — |
| Total Assets | $3.2B | $1.0B |
| Debt / EquityLower = less leverage | 0.44× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $128.1M | ||
| Q4 25 | $211.7M | $69.2M | ||
| Q3 25 | $379.2M | $156.2M | ||
| Q2 25 | $189.2M | $114.4M | ||
| Q1 25 | $174.3M | $121.8M | ||
| Q4 24 | $132.0M | $90.9M | ||
| Q3 24 | $481.2M | $110.5M | ||
| Q2 24 | $359.2M | $47.5M |
| Q1 26 | — | — | ||
| Q4 25 | $793.2M | $569.1M | ||
| Q3 25 | $802.7M | $569.1M | ||
| Q2 25 | $872.8M | $569.2M | ||
| Q1 25 | $872.5M | $569.3M | ||
| Q4 24 | $806.8M | $568.0M | ||
| Q3 24 | $706.4M | $547.7M | ||
| Q2 24 | $706.1M | $547.6M |
| Q1 26 | — | — | ||
| Q4 25 | $1.8B | — | ||
| Q3 25 | $1.8B | — | ||
| Q2 25 | $1.7B | — | ||
| Q1 25 | $1.6B | — | ||
| Q4 24 | $1.6B | — | ||
| Q3 24 | $1.6B | — | ||
| Q2 24 | $1.5B | — |
| Q1 26 | — | $1.0B | ||
| Q4 25 | $3.2B | $969.5M | ||
| Q3 25 | $3.1B | $1.0B | ||
| Q2 25 | $3.1B | $998.0M | ||
| Q1 25 | $3.0B | $1.0B | ||
| Q4 24 | $3.0B | $1.0B | ||
| Q3 24 | $2.8B | $986.6M | ||
| Q2 24 | $2.7B | $959.4M |
| Q1 26 | — | — | ||
| 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× | — |
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 | — |
| Free Cash FlowOCF − Capex | $-157.1M | — |
| FCF MarginFCF / Revenue | -57.5% | — |
| Capex IntensityCapex / Revenue | 0.0% | 7.6% |
| Cash ConversionOCF / Net Profit | -10.19× | — |
| TTM Free Cash FlowTrailing 4 quarters | $93.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $-157.0M | $-21.6M | ||
| Q3 25 | $256.3M | $91.7M | ||
| Q2 25 | $15.8M | $24.1M | ||
| Q1 25 | $-19.8M | $55.4M | ||
| Q4 24 | $-450.0M | $12.8M | ||
| Q3 24 | $119.2M | $86.7M | ||
| Q2 24 | $-61.7M | $8.6M |
| Q1 26 | — | — | ||
| Q4 25 | $-157.1M | $-45.2M | ||
| Q3 25 | $255.6M | $80.1M | ||
| Q2 25 | $15.0M | $18.4M | ||
| Q1 25 | $-20.5M | $45.5M | ||
| Q4 24 | — | $-5.6M | ||
| Q3 24 | $118.4M | $82.3M | ||
| Q2 24 | $-62.3M | $2.4M |
| Q1 26 | — | — | ||
| Q4 25 | -57.5% | -34.5% | ||
| Q3 25 | 38.1% | 49.0% | ||
| Q2 25 | 3.8% | 10.9% | ||
| Q1 25 | -5.8% | 31.9% | ||
| Q4 24 | — | -4.0% | ||
| Q3 24 | 21.5% | 65.7% | ||
| Q2 24 | -19.6% | 1.8% |
| Q1 26 | — | 7.6% | ||
| Q4 25 | 0.0% | 18.0% | ||
| Q3 25 | 0.1% | 7.1% | ||
| Q2 25 | 0.2% | 3.4% | ||
| Q1 25 | 0.2% | 6.9% | ||
| Q4 24 | 0.0% | 13.1% | ||
| Q3 24 | 0.1% | 3.6% | ||
| Q2 24 | 0.2% | 4.6% |
| Q1 26 | — | — | ||
| Q4 25 | -10.19× | — | ||
| Q3 25 | 2.95× | 2.13× | ||
| Q2 25 | 0.48× | 0.62× | ||
| Q1 25 | -0.63× | 2.04× | ||
| Q4 24 | -27.27× | 0.70× | ||
| Q3 24 | 1.46× | 22.78× | ||
| Q2 24 | -1.59× | 0.33× |
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% |
UAN
| Fertilizer sales | $166.1M | 92% |
| Other | $14.0M | 8% |
