vs
Side-by-side financial comparison of Forestar Group Inc. (FOR) and VIRTUS INVESTMENT PARTNERS, INC. (VRTS). Click either name above to swap in a different company.
Forestar Group Inc. is the larger business by last-quarter revenue ($273.0M vs $208.0M, roughly 1.3× VIRTUS INVESTMENT PARTNERS, INC.). VIRTUS INVESTMENT PARTNERS, INC. runs the higher net margin — 16.3% vs 5.6%, a 10.6% gap on every dollar of revenue. On growth, Forestar Group Inc. posted the faster year-over-year revenue change (9.0% vs -10.9%). VIRTUS INVESTMENT PARTNERS, INC. produced more free cash flow last quarter ($-74.1M vs $-157.1M). Over the past eight quarters, VIRTUS INVESTMENT PARTNERS, INC.'s revenue compounded faster (-3.2% 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...
VIRTUS INVESTMENT PARTNERS, INC.VRTSEarnings & Financial Report
Virtus Investment Partners, Inc. is an American company which operates as a multi-manager asset management business, comprising a number of individual affiliated managers, each having its own investment process and brand, and the services of unaffiliated sub advisers.
FOR vs VRTS — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $273.0M | $208.0M |
| Net Profit | $15.4M | $33.9M |
| Gross Margin | 20.1% | — |
| Operating Margin | 7.6% | 19.1% |
| Net Margin | 5.6% | 16.3% |
| Revenue YoY | 9.0% | -10.9% |
| Net Profit YoY | -6.7% | -14.2% |
| EPS (diluted) | $0.30 | $5.15 |
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 | $208.0M | ||
| Q3 25 | $670.5M | $216.4M | ||
| Q2 25 | $390.5M | $210.5M | ||
| Q1 25 | $351.0M | $217.9M | ||
| Q4 24 | $250.4M | $233.5M | ||
| Q3 24 | $551.3M | $227.0M | ||
| Q2 24 | $318.4M | $224.4M | ||
| Q1 24 | $333.8M | $222.0M |
| Q4 25 | $15.4M | $33.9M | ||
| Q3 25 | $86.9M | $31.3M | ||
| Q2 25 | $32.9M | $42.7M | ||
| Q1 25 | $31.6M | $28.1M | ||
| Q4 24 | $16.5M | $39.5M | ||
| Q3 24 | $81.5M | $49.1M | ||
| Q2 24 | $38.7M | $26.0M | ||
| Q1 24 | $45.0M | $37.9M |
| Q4 25 | 20.1% | — | ||
| Q3 25 | 22.3% | — | ||
| Q2 25 | 20.4% | — | ||
| Q1 25 | 22.6% | — | ||
| Q4 24 | 22.0% | — | ||
| Q3 24 | 23.9% | — | ||
| Q2 24 | 22.5% | — | ||
| Q1 24 | 24.9% | — |
| Q4 25 | 7.6% | 19.1% | ||
| Q3 25 | 16.9% | 21.7% | ||
| Q2 25 | 11.2% | 21.5% | ||
| Q1 25 | 11.6% | 16.8% | ||
| Q4 24 | 8.7% | 21.7% | ||
| Q3 24 | 19.7% | 24.3% | ||
| Q2 24 | 16.2% | 19.7% | ||
| Q1 24 | 17.6% | 14.5% |
| Q4 25 | 5.6% | 16.3% | ||
| Q3 25 | 13.0% | 14.5% | ||
| Q2 25 | 8.4% | 20.3% | ||
| Q1 25 | 9.0% | 12.9% | ||
| Q4 24 | 6.6% | 16.9% | ||
| Q3 24 | 14.8% | 21.6% | ||
| Q2 24 | 12.2% | 11.6% | ||
| Q1 24 | 13.5% | 17.1% |
| Q4 25 | $0.30 | $5.15 | ||
| Q3 25 | $1.70 | $4.65 | ||
| Q2 25 | $0.65 | $6.12 | ||
| Q1 25 | $0.62 | $4.05 | ||
| Q4 24 | $0.32 | $4.65 | ||
| Q3 24 | $1.59 | $5.71 | ||
| Q2 24 | $0.76 | $2.43 | ||
| Q1 24 | $0.89 | $4.10 |
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 | $390.0M |
| Stockholders' EquityBook value | $1.8B | $934.0M |
| Total Assets | $3.2B | $4.3B |
| Debt / EquityLower = less leverage | 0.44× | 0.42× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $211.7M | — | ||
| Q3 25 | $379.2M | — | ||
| Q2 25 | $189.2M | — | ||
| Q1 25 | $174.3M | — | ||
| Q4 24 | $132.0M | — | ||
| Q3 24 | $481.2M | — | ||
| Q2 24 | $359.2M | — | ||
| Q1 24 | $416.2M | — |
| Q4 25 | $793.2M | $390.0M | ||
| Q3 25 | $802.7M | $390.6M | ||
| Q2 25 | $872.8M | $231.3M | ||
| Q1 25 | $872.5M | $231.7M | ||
| Q4 24 | $806.8M | $232.1M | ||
| Q3 24 | $706.4M | $237.5M | ||
| Q2 24 | $706.1M | $247.6M | ||
| Q1 24 | $705.7M | $253.0M |
| Q4 25 | $1.8B | $934.0M | ||
| Q3 25 | $1.8B | $918.7M | ||
| Q2 25 | $1.7B | $896.4M | ||
| Q1 25 | $1.6B | $893.7M | ||
| Q4 24 | $1.6B | $897.5M | ||
| Q3 24 | $1.6B | $889.0M | ||
| Q2 24 | $1.5B | $868.7M | ||
| Q1 24 | $1.5B | $871.7M |
| Q4 25 | $3.2B | $4.3B | ||
| Q3 25 | $3.1B | $3.9B | ||
| Q2 25 | $3.1B | $3.7B | ||
| Q1 25 | $3.0B | $3.7B | ||
| Q4 24 | $3.0B | $4.0B | ||
| Q3 24 | $2.8B | $3.6B | ||
| Q2 24 | $2.7B | $3.6B | ||
| Q1 24 | $2.6B | $3.5B |
| Q4 25 | 0.44× | 0.42× | ||
| Q3 25 | 0.45× | 0.43× | ||
| Q2 25 | 0.52× | 0.26× | ||
| Q1 25 | 0.53× | 0.26× | ||
| Q4 24 | 0.50× | 0.26× | ||
| Q3 24 | 0.44× | 0.27× | ||
| Q2 24 | 0.47× | 0.29× | ||
| Q1 24 | 0.48× | 0.29× |
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 | $-67.2M |
| Free Cash FlowOCF − Capex | $-157.1M | $-74.1M |
| FCF MarginFCF / Revenue | -57.5% | -35.6% |
| Capex IntensityCapex / Revenue | 0.0% | 3.3% |
| Cash ConversionOCF / Net Profit | -10.19× | -1.99× |
| TTM Free Cash FlowTrailing 4 quarters | $93.0M | $100.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-157.0M | $-67.2M | ||
| Q3 25 | $256.3M | $108.3M | ||
| Q2 25 | $15.8M | $75.8M | ||
| Q1 25 | $-19.8M | $-3.8M | ||
| Q4 24 | $-450.0M | $1.8M | ||
| Q3 24 | $119.2M | $69.1M | ||
| Q2 24 | $-61.7M | $70.0M | ||
| Q1 24 | $-59.2M | $-34.5M |
| Q4 25 | $-157.1M | $-74.1M | ||
| Q3 25 | $255.6M | $106.9M | ||
| Q2 25 | $15.0M | $74.2M | ||
| Q1 25 | $-20.5M | $-6.8M | ||
| Q4 24 | — | $-3.8M | ||
| Q3 24 | $118.4M | $68.7M | ||
| Q2 24 | $-62.3M | $68.6M | ||
| Q1 24 | $-59.8M | $-36.5M |
| Q4 25 | -57.5% | -35.6% | ||
| Q3 25 | 38.1% | 49.4% | ||
| Q2 25 | 3.8% | 35.2% | ||
| Q1 25 | -5.8% | -3.1% | ||
| Q4 24 | — | -1.6% | ||
| Q3 24 | 21.5% | 30.3% | ||
| Q2 24 | -19.6% | 30.6% | ||
| Q1 24 | -17.9% | -16.4% |
| Q4 25 | 0.0% | 3.3% | ||
| Q3 25 | 0.1% | 0.7% | ||
| Q2 25 | 0.2% | 0.7% | ||
| Q1 25 | 0.2% | 1.4% | ||
| Q4 24 | 0.0% | 2.4% | ||
| Q3 24 | 0.1% | 0.2% | ||
| Q2 24 | 0.2% | 0.6% | ||
| Q1 24 | 0.2% | 0.9% |
| Q4 25 | -10.19× | -1.99× | ||
| Q3 25 | 2.95× | 3.45× | ||
| Q2 25 | 0.48× | 1.77× | ||
| Q1 25 | -0.63× | -0.13× | ||
| Q4 24 | -27.27× | 0.04× | ||
| Q3 24 | 1.46× | 1.41× | ||
| Q2 24 | -1.59× | 2.69× | ||
| Q1 24 | -1.32× | -0.91× |
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% |
VRTS
| Open End Funds | $68.9M | 33% |
| Retail Separate Accounts | $51.3M | 25% |
| Institutional Accounts | $39.6M | 19% |
| Administration And Shareholder Service Fees | $18.4M | 9% |
| Closed End Funds | $15.9M | 8% |
| Distribution And Service Fees | $12.3M | 6% |
