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Side-by-side financial comparison of Forestar Group Inc. (FOR) and WORKIVA INC (WK). Click either name above to swap in a different company.
Forestar Group Inc. is the larger business by last-quarter revenue ($273.0M vs $238.9M, roughly 1.1× WORKIVA INC). Forestar Group Inc. runs the higher net margin — 5.6% vs 4.9%, a 0.7% gap on every dollar of revenue. On growth, WORKIVA INC posted the faster year-over-year revenue change (19.5% vs 9.0%). WORKIVA INC produced more free cash flow last quarter ($50.7M vs $-157.1M). Over the past eight quarters, WORKIVA INC's revenue compounded faster (16.6% 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...
Workiva, Inc. is a global software-as-a-service (SaaS) company. It provides a cloud-based connected and reporting compliance platform that enables the use of connected data and automation of reporting across finance, accounting, risk, and compliance.
FOR vs WK — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $273.0M | $238.9M |
| Net Profit | $15.4M | $11.8M |
| Gross Margin | 20.1% | 80.7% |
| Operating Margin | 7.6% | 3.3% |
| Net Margin | 5.6% | 4.9% |
| Revenue YoY | 9.0% | 19.5% |
| Net Profit YoY | -6.7% | 234.0% |
| EPS (diluted) | $0.30 | $0.21 |
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 | $238.9M | ||
| Q3 25 | $670.5M | $224.2M | ||
| Q2 25 | $390.5M | $215.2M | ||
| Q1 25 | $351.0M | $206.3M | ||
| Q4 24 | $250.4M | $199.9M | ||
| Q3 24 | $551.3M | $185.6M | ||
| Q2 24 | $318.4M | $177.5M | ||
| Q1 24 | $333.8M | $175.7M |
| Q4 25 | $15.4M | $11.8M | ||
| Q3 25 | $86.9M | $2.8M | ||
| Q2 25 | $32.9M | $-19.4M | ||
| Q1 25 | $31.6M | $-21.4M | ||
| Q4 24 | $16.5M | $-8.8M | ||
| Q3 24 | $81.5M | $-17.0M | ||
| Q2 24 | $38.7M | $-17.5M | ||
| Q1 24 | $45.0M | $-11.7M |
| Q4 25 | 20.1% | 80.7% | ||
| Q3 25 | 22.3% | 79.3% | ||
| Q2 25 | 20.4% | 77.0% | ||
| Q1 25 | 22.6% | 76.6% | ||
| Q4 24 | 22.0% | 77.1% | ||
| Q3 24 | 23.9% | 76.5% | ||
| Q2 24 | 22.5% | 76.8% | ||
| Q1 24 | 24.9% | 76.4% |
| Q4 25 | 7.6% | 3.3% | ||
| Q3 25 | 16.9% | -1.5% | ||
| Q2 25 | 11.2% | -10.3% | ||
| Q1 25 | 11.6% | -12.0% | ||
| Q4 24 | 8.7% | -6.7% | ||
| Q3 24 | 19.7% | -11.7% | ||
| Q2 24 | 16.2% | -13.0% | ||
| Q1 24 | 17.6% | -10.4% |
| Q4 25 | 5.6% | 4.9% | ||
| Q3 25 | 13.0% | 1.2% | ||
| Q2 25 | 8.4% | -9.0% | ||
| Q1 25 | 9.0% | -10.4% | ||
| Q4 24 | 6.6% | -4.4% | ||
| Q3 24 | 14.8% | -9.2% | ||
| Q2 24 | 12.2% | -9.9% | ||
| Q1 24 | 13.5% | -6.7% |
| Q4 25 | $0.30 | $0.21 | ||
| Q3 25 | $1.70 | $0.05 | ||
| Q2 25 | $0.65 | $-0.35 | ||
| Q1 25 | $0.62 | $-0.38 | ||
| Q4 24 | $0.32 | $-0.15 | ||
| Q3 24 | $1.59 | $-0.31 | ||
| Q2 24 | $0.76 | $-0.32 | ||
| Q1 24 | $0.89 | $-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 | $338.8M |
| Total DebtLower is stronger | $793.2M | — |
| Stockholders' EquityBook value | $1.8B | $-5.4M |
| Total Assets | $3.2B | $1.5B |
| Debt / EquityLower = less leverage | 0.44× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $211.7M | $338.8M | ||
| Q3 25 | $379.2M | $315.9M | ||
| Q2 25 | $189.2M | $284.3M | ||
| Q1 25 | $174.3M | $242.0M | ||
| Q4 24 | $132.0M | $301.8M | ||
| Q3 24 | $481.2M | $248.2M | ||
| Q2 24 | $359.2M | $267.9M | ||
| Q1 24 | $416.2M | $296.1M |
| 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 24 | $705.7M | — |
| Q4 25 | $1.8B | $-5.4M | ||
| Q3 25 | $1.8B | $-36.9M | ||
| Q2 25 | $1.7B | $-66.5M | ||
| Q1 25 | $1.6B | $-75.7M | ||
| Q4 24 | $1.6B | $-41.7M | ||
| Q3 24 | $1.6B | $-50.8M | ||
| Q2 24 | $1.5B | $-77.7M | ||
| Q1 24 | $1.5B | $-83.2M |
| Q4 25 | $3.2B | $1.5B | ||
| Q3 25 | $3.1B | $1.4B | ||
| Q2 25 | $3.1B | $1.3B | ||
| Q1 25 | $3.0B | $1.3B | ||
| Q4 24 | $3.0B | $1.4B | ||
| Q3 24 | $2.8B | $1.3B | ||
| Q2 24 | $2.7B | $1.2B | ||
| Q1 24 | $2.6B | $1.2B |
| 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× | — | ||
| 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 | $51.0M |
| Free Cash FlowOCF − Capex | $-157.1M | $50.7M |
| FCF MarginFCF / Revenue | -57.5% | 21.2% |
| Capex IntensityCapex / Revenue | 0.0% | 0.1% |
| Cash ConversionOCF / Net Profit | -10.19× | 4.31× |
| TTM Free Cash FlowTrailing 4 quarters | $93.0M | $138.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-157.0M | $51.0M | ||
| Q3 25 | $256.3M | $46.2M | ||
| Q2 25 | $15.8M | $50.3M | ||
| Q1 25 | $-19.8M | $-7.4M | ||
| Q4 24 | $-450.0M | $44.0M | ||
| Q3 24 | $119.2M | $18.9M | ||
| Q2 24 | $-61.7M | $-14.0K | ||
| Q1 24 | $-59.2M | $24.8M |
| Q4 25 | $-157.1M | $50.7M | ||
| Q3 25 | $255.6M | $46.1M | ||
| Q2 25 | $15.0M | $49.3M | ||
| Q1 25 | $-20.5M | $-8.1M | ||
| Q4 24 | — | $43.2M | ||
| Q3 24 | $118.4M | $18.7M | ||
| Q2 24 | $-62.3M | $-122.0K | ||
| Q1 24 | $-59.8M | $24.6M |
| Q4 25 | -57.5% | 21.2% | ||
| Q3 25 | 38.1% | 20.5% | ||
| Q2 25 | 3.8% | 22.9% | ||
| Q1 25 | -5.8% | -3.9% | ||
| Q4 24 | — | 21.6% | ||
| Q3 24 | 21.5% | 10.1% | ||
| Q2 24 | -19.6% | -0.1% | ||
| Q1 24 | -17.9% | 14.0% |
| Q4 25 | 0.0% | 0.1% | ||
| Q3 25 | 0.1% | 0.0% | ||
| Q2 25 | 0.2% | 0.5% | ||
| Q1 25 | 0.2% | 0.4% | ||
| Q4 24 | 0.0% | 0.4% | ||
| Q3 24 | 0.1% | 0.1% | ||
| Q2 24 | 0.2% | 0.1% | ||
| Q1 24 | 0.2% | 0.1% |
| Q4 25 | -10.19× | 4.31× | ||
| Q3 25 | 2.95× | 16.57× | ||
| 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% |
WK
| License And Service | $219.3M | 92% |
| XBRL Professional Services | $16.4M | 7% |
| Other Services | $3.2M | 1% |
