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Side-by-side financial comparison of Forestar Group Inc. (FOR) and UL Solutions Inc. (ULS). Click either name above to swap in a different company.
UL Solutions Inc. is the larger business by last-quarter revenue ($340.0M vs $273.0M, roughly 1.2× Forestar Group Inc.). On growth, Forestar Group Inc. posted the faster year-over-year revenue change (9.0% vs -12.4%). Over the past eight quarters, Forestar Group Inc.'s revenue compounded faster (-9.6% CAGR vs -31.8%).
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...
The UL enterprise is a global private safety company headquartered in Northbrook, Illinois, composed of three organizations, UL Research Institutes, UL Standards & Engagement and UL Solutions.
FOR vs ULS — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $273.0M | $340.0M |
| Net Profit | $15.4M | — |
| Gross Margin | 20.1% | — |
| Operating Margin | 7.6% | 24.4% |
| Net Margin | 5.6% | — |
| Revenue YoY | 9.0% | -12.4% |
| Net Profit YoY | -6.7% | — |
| 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 | — | $340.0M | ||
| Q4 25 | $273.0M | $789.0M | ||
| Q3 25 | $670.5M | $783.0M | ||
| Q2 25 | $390.5M | $776.0M | ||
| Q1 25 | $351.0M | $705.0M | ||
| Q4 24 | $250.4M | $739.0M | ||
| Q3 24 | $551.3M | $731.0M | ||
| Q2 24 | $318.4M | $730.0M |
| Q1 26 | — | — | ||
| Q4 25 | $15.4M | $67.0M | ||
| Q3 25 | $86.9M | $100.0M | ||
| Q2 25 | $32.9M | $91.0M | ||
| Q1 25 | $31.6M | $67.0M | ||
| Q4 24 | $16.5M | $81.0M | ||
| Q3 24 | $81.5M | $88.0M | ||
| Q2 24 | $38.7M | $101.0M |
| Q1 26 | — | — | ||
| Q4 25 | 20.1% | 49.7% | ||
| Q3 25 | 22.3% | 50.3% | ||
| Q2 25 | 20.4% | 49.4% | ||
| Q1 25 | 22.6% | 48.4% | ||
| Q4 24 | 22.0% | 47.4% | ||
| Q3 24 | 23.9% | 49.0% | ||
| Q2 24 | 22.5% | 50.1% |
| Q1 26 | — | 24.4% | ||
| Q4 25 | 7.6% | 15.0% | ||
| Q3 25 | 16.9% | 19.9% | ||
| Q2 25 | 11.2% | 17.9% | ||
| Q1 25 | 11.6% | 15.5% | ||
| Q4 24 | 8.7% | 15.6% | ||
| Q3 24 | 19.7% | 17.8% | ||
| Q2 24 | 16.2% | 17.3% |
| Q1 26 | — | — | ||
| Q4 25 | 5.6% | 8.5% | ||
| Q3 25 | 13.0% | 12.8% | ||
| Q2 25 | 8.4% | 11.7% | ||
| Q1 25 | 9.0% | 9.5% | ||
| Q4 24 | 6.6% | 11.0% | ||
| Q3 24 | 14.8% | 12.0% | ||
| Q2 24 | 12.2% | 13.8% |
| Q1 26 | — | — | ||
| Q4 25 | $0.30 | $0.33 | ||
| Q3 25 | $1.70 | $0.49 | ||
| Q2 25 | $0.65 | $0.45 | ||
| Q1 25 | $0.62 | $0.33 | ||
| Q4 24 | $0.32 | $0.40 | ||
| Q3 24 | $1.59 | $0.44 | ||
| Q2 24 | $0.76 | $0.50 |
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 | — |
| Total DebtLower is stronger | $793.2M | — |
| Stockholders' EquityBook value | $1.8B | — |
| Total Assets | $3.2B | — |
| Debt / EquityLower = less leverage | 0.44× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $211.7M | $295.0M | ||
| Q3 25 | $379.2M | $255.0M | ||
| Q2 25 | $189.2M | $272.0M | ||
| Q1 25 | $174.3M | $267.0M | ||
| Q4 24 | $132.0M | $298.0M | ||
| Q3 24 | $481.2M | $327.0M | ||
| Q2 24 | $359.2M | $295.0M |
| Q1 26 | — | — | ||
| Q4 25 | $793.2M | $491.0M | ||
| Q3 25 | $802.7M | $544.0M | ||
| Q2 25 | $872.8M | $608.0M | ||
| Q1 25 | $872.5M | $653.0M | ||
| Q4 24 | $806.8M | $742.0M | ||
| Q3 24 | $706.4M | $797.0M | ||
| Q2 24 | $706.1M | $810.0M |
| Q1 26 | — | — | ||
| Q4 25 | $1.8B | $1.3B | ||
| Q3 25 | $1.8B | $1.2B | ||
| Q2 25 | $1.7B | $1.1B | ||
| Q1 25 | $1.6B | $970.0M | ||
| Q4 24 | $1.6B | $904.0M | ||
| Q3 24 | $1.6B | $872.0M | ||
| Q2 24 | $1.5B | $769.0M |
| Q1 26 | — | — | ||
| Q4 25 | $3.2B | $2.9B | ||
| Q3 25 | $3.1B | $2.9B | ||
| Q2 25 | $3.1B | $2.9B | ||
| Q1 25 | $3.0B | $2.9B | ||
| Q4 24 | $3.0B | $2.8B | ||
| Q3 24 | $2.8B | $2.9B | ||
| Q2 24 | $2.7B | $2.7B |
| Q1 26 | — | — | ||
| Q4 25 | 0.44× | 0.39× | ||
| Q3 25 | 0.45× | 0.46× | ||
| Q2 25 | 0.52× | 0.56× | ||
| Q1 25 | 0.53× | 0.67× | ||
| Q4 24 | 0.50× | 0.82× | ||
| Q3 24 | 0.44× | 0.91× | ||
| Q2 24 | 0.47× | 1.05× |
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% | — |
| 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 | $144.0M | ||
| Q3 25 | $256.3M | $155.0M | ||
| Q2 25 | $15.8M | $147.0M | ||
| Q1 25 | $-19.8M | $154.0M | ||
| Q4 24 | $-450.0M | $130.0M | ||
| Q3 24 | $119.2M | $150.0M | ||
| Q2 24 | $-61.7M | $103.0M |
| Q1 26 | — | — | ||
| Q4 25 | $-157.1M | $86.0M | ||
| Q3 25 | $255.6M | $109.0M | ||
| Q2 25 | $15.0M | $105.0M | ||
| Q1 25 | $-20.5M | $103.0M | ||
| Q4 24 | — | $72.0M | ||
| Q3 24 | $118.4M | $84.0M | ||
| Q2 24 | $-62.3M | $47.0M |
| Q1 26 | — | — | ||
| Q4 25 | -57.5% | 10.9% | ||
| Q3 25 | 38.1% | 13.9% | ||
| Q2 25 | 3.8% | 13.5% | ||
| Q1 25 | -5.8% | 14.6% | ||
| Q4 24 | — | 9.7% | ||
| Q3 24 | 21.5% | 11.5% | ||
| Q2 24 | -19.6% | 6.4% |
| Q1 26 | — | — | ||
| Q4 25 | 0.0% | 7.4% | ||
| Q3 25 | 0.1% | 5.9% | ||
| Q2 25 | 0.2% | 5.4% | ||
| Q1 25 | 0.2% | 7.2% | ||
| Q4 24 | 0.0% | 7.8% | ||
| Q3 24 | 0.1% | 9.0% | ||
| Q2 24 | 0.2% | 7.7% |
| Q1 26 | — | — | ||
| Q4 25 | -10.19× | 2.15× | ||
| Q3 25 | 2.95× | 1.55× | ||
| Q2 25 | 0.48× | 1.62× | ||
| Q1 25 | -0.63× | 2.30× | ||
| Q4 24 | -27.27× | 1.60× | ||
| Q3 24 | 1.46× | 1.70× | ||
| Q2 24 | -1.59× | 1.02× |
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% |
ULS
Segment breakdown not available.
