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Side-by-side financial comparison of Forestar Group Inc. (FOR) and VARONIS SYSTEMS INC (VRNS). Click either name above to swap in a different company.
Forestar Group Inc. is the larger business by last-quarter revenue ($273.0M vs $173.1M, roughly 1.6× VARONIS SYSTEMS INC). On growth, VARONIS SYSTEMS INC posted the faster year-over-year revenue change (26.9% vs 9.0%). VARONIS SYSTEMS INC produced more free cash flow last quarter ($49.0M vs $-157.1M). Over the past eight quarters, VARONIS SYSTEMS INC's revenue compounded faster (15.2% 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...
Varonis Systems, Inc. is a software company based in Miami, Florida with R&D offices in Herzliya, Israel. The company’s Data Security Platform analyzes data and data activity using the insights to identify data exposure risks stemming from access permissions and software-as-a-service (SaaS) app configurations, triggering automated remediation capabilities in response.
FOR vs VRNS — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $273.0M | $173.1M |
| Net Profit | $15.4M | — |
| Gross Margin | 20.1% | 76.0% |
| Operating Margin | 7.6% | -1.7% |
| Net Margin | 5.6% | — |
| Revenue YoY | 9.0% | 26.9% |
| 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 | — | $173.1M | ||
| Q4 25 | $273.0M | $173.4M | ||
| Q3 25 | $670.5M | $161.6M | ||
| Q2 25 | $390.5M | $152.2M | ||
| Q1 25 | $351.0M | $136.4M | ||
| Q4 24 | $250.4M | $158.5M | ||
| Q3 24 | $551.3M | $148.1M | ||
| Q2 24 | $318.4M | $130.3M |
| Q1 26 | — | — | ||
| Q4 25 | $15.4M | $-27.8M | ||
| Q3 25 | $86.9M | $-29.9M | ||
| Q2 25 | $32.9M | $-35.8M | ||
| Q1 25 | $31.6M | $-35.8M | ||
| Q4 24 | $16.5M | $-13.0M | ||
| Q3 24 | $81.5M | $-18.3M | ||
| Q2 24 | $38.7M | $-23.9M |
| Q1 26 | — | 76.0% | ||
| Q4 25 | 20.1% | 78.9% | ||
| Q3 25 | 22.3% | 78.2% | ||
| Q2 25 | 20.4% | 79.5% | ||
| Q1 25 | 22.6% | 78.7% | ||
| Q4 24 | 22.0% | 83.6% | ||
| Q3 24 | 23.9% | 83.8% | ||
| Q2 24 | 22.5% | 82.8% |
| Q1 26 | — | -1.7% | ||
| Q4 25 | 7.6% | -17.5% | ||
| Q3 25 | 16.9% | -22.2% | ||
| Q2 25 | 11.2% | -24.0% | ||
| Q1 25 | 11.6% | -32.1% | ||
| Q4 24 | 8.7% | -11.1% | ||
| Q3 24 | 19.7% | -16.0% | ||
| Q2 24 | 16.2% | -22.1% |
| Q1 26 | — | — | ||
| Q4 25 | 5.6% | -16.0% | ||
| Q3 25 | 13.0% | -18.5% | ||
| Q2 25 | 8.4% | -23.5% | ||
| Q1 25 | 9.0% | -26.2% | ||
| Q4 24 | 6.6% | -8.2% | ||
| Q3 24 | 14.8% | -12.4% | ||
| Q2 24 | 12.2% | -18.4% |
| Q1 26 | — | — | ||
| Q4 25 | $0.30 | $-0.23 | ||
| Q3 25 | $1.70 | $-0.26 | ||
| Q2 25 | $0.65 | $-0.32 | ||
| Q1 25 | $0.62 | $-0.32 | ||
| Q4 24 | $0.32 | $-0.12 | ||
| Q3 24 | $1.59 | $-0.16 | ||
| Q2 24 | $0.76 | $-0.21 |
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 | $179.3M |
| Total DebtLower is stronger | $793.2M | — |
| Stockholders' EquityBook value | $1.8B | $453.5M |
| Total Assets | $3.2B | $1.6B |
| Debt / EquityLower = less leverage | 0.44× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $179.3M | ||
| Q4 25 | $211.7M | $883.7M | ||
| Q3 25 | $379.2M | $671.3M | ||
| Q2 25 | $189.2M | $770.9M | ||
| Q1 25 | $174.3M | $567.6M | ||
| Q4 24 | $132.0M | $529.0M | ||
| Q3 24 | $481.2M | $844.8M | ||
| Q2 24 | $359.2M | $582.5M |
| Q1 26 | — | — | ||
| 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 26 | — | $453.5M | ||
| Q4 25 | $1.8B | $598.7M | ||
| Q3 25 | $1.8B | $604.8M | ||
| Q2 25 | $1.7B | $341.5M | ||
| Q1 25 | $1.6B | $367.7M | ||
| Q4 24 | $1.6B | $455.7M | ||
| Q3 24 | $1.6B | $428.6M | ||
| Q2 24 | $1.5B | $458.6M |
| Q1 26 | — | $1.6B | ||
| Q4 25 | $3.2B | $1.8B | ||
| Q3 25 | $3.1B | $1.7B | ||
| Q2 25 | $3.1B | $1.6B | ||
| Q1 25 | $3.0B | $1.6B | ||
| Q4 24 | $3.0B | $1.7B | ||
| Q3 24 | $2.8B | $1.5B | ||
| Q2 24 | $2.7B | $1.1B |
| 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 | $55.0M |
| Free Cash FlowOCF − Capex | $-157.1M | $49.0M |
| FCF MarginFCF / Revenue | -57.5% | 28.3% |
| Capex IntensityCapex / Revenue | 0.0% | — |
| Cash ConversionOCF / Net Profit | -10.19× | — |
| TTM Free Cash FlowTrailing 4 quarters | $93.0M | $118.2M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $55.0M | ||
| Q4 25 | $-157.0M | $24.7M | ||
| Q3 25 | $256.3M | $33.4M | ||
| Q2 25 | $15.8M | $21.3M | ||
| Q1 25 | $-19.8M | $68.0M | ||
| Q4 24 | $-450.0M | $24.3M | ||
| Q3 24 | $119.2M | $22.5M | ||
| Q2 24 | $-61.7M | $11.7M |
| Q1 26 | — | $49.0M | ||
| Q4 25 | $-157.1M | $20.7M | ||
| Q3 25 | $255.6M | $30.4M | ||
| Q2 25 | $15.0M | $18.0M | ||
| Q1 25 | $-20.5M | $65.7M | ||
| Q4 24 | — | $19.9M | ||
| Q3 24 | $118.4M | $21.3M | ||
| Q2 24 | $-62.3M | $10.9M |
| Q1 26 | — | 28.3% | ||
| Q4 25 | -57.5% | 12.0% | ||
| Q3 25 | 38.1% | 18.8% | ||
| Q2 25 | 3.8% | 11.8% | ||
| Q1 25 | -5.8% | 48.1% | ||
| Q4 24 | — | 12.6% | ||
| Q3 24 | 21.5% | 14.4% | ||
| Q2 24 | -19.6% | 8.4% |
| Q1 26 | — | — | ||
| Q4 25 | 0.0% | 2.3% | ||
| Q3 25 | 0.1% | 1.8% | ||
| Q2 25 | 0.2% | 2.2% | ||
| Q1 25 | 0.2% | 1.7% | ||
| Q4 24 | 0.0% | 2.7% | ||
| Q3 24 | 0.1% | 0.8% | ||
| Q2 24 | 0.2% | 0.6% |
| Q1 26 | — | — | ||
| 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× | — |
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% |
VRNS
| SaaS | $161.1M | 93% |
| Term license subscriptions | $6.9M | 4% |
| Maintenance and services | $5.2M | 3% |
