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Forestar Group Inc.

Forestar Group Inc.

NYSE•FOR
CEO: Mr. Donald J. Tomnitz
Sector: Real Estate
Industry: Real Estate - Development
Listing Date: 2007-12-13
Forestar Group Inc. operates as a residential lot development company in the United States. The company acquires land and develops infrastructure for single-family residential communities. It sells its residential single-family finished lots to local, regional, and national homebuilders. The company was incorporated in 2005 and is headquartered in Arlington, Texas. Forestar Group Inc. operates as a subsidiary of D.R. Horton, Inc.
Contact Information
2221 East Lamar Boulevard, Suite 790, Arlington, TX, 76006, United States
817-769-1860
www.forestar.com
Market Cap
$1.31B
P/E (TTM)
7.8
30.4
Dividend Yield
--
52W High
$29.44
52W Low
$18.00
52W Range
69%
Rank48Top 50.7%
3.7
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 3.7 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024

Financial Dashboard

Q4 2025 Data

Revenue

$670.50M+21.60%
4-Quarter Trend

EPS

$1.71+6.21%
4-Quarter Trend

FCF

$255.60M+115.88%
4-Quarter Trend

2025 Annual Earnings Highlights

Key Highlights

Revenue Rises Despite Volume Drop Total revenues reached $1,662.4M, increasing 10.1% driven by 12.2% higher average sales price per lot USD.
Lot Inventory Expansion Total owned and controlled lots grew to 99,800 units as of September 30, 2025, up from 95,100 last year USD.
Strong Liquidity Maintained Cash and equivalents totaled $379.2M with $588.9M available borrowing capacity on revolving credit facility USD.

Risk Factors

Concentrated Ownership Conflicts D.R. Horton controls 62% of stock, limiting stockholder influence and potentially creating conflicts regarding strategic decisions USD.
Economic Cycles Impact Demand Cyclical homebuilding industry faces risks from elevated interest rates reducing lot affordability and impacting sales volume.
SG&A Expense Rises SG&A expense increased to $154.4M in fiscal 2025, raising concerns about maintaining current expense ratios versus revenues.

Outlook

Strategy Focus: Market Consolidation Plan remains disciplined investment focus, managing sales pace and pricing to consolidate market share in fragmented industry.
Future Capital Needs Plans include raising additional debt or equity capital to fund growth, subject to capital market conditions USD.
Master Supply Agreement Strategic relationship with D.R. Horton via Master Supply Agreement continues, providing defined lot sales opportunities.

Peer Comparison

Revenue (TTM)

Forestar Group Inc.FOR
$1.66B
+10.1%

Gross Margin (Latest Quarter)

Forestar Group Inc.FOR
22.3%
-1.6pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
FOR$1.31B7.810.3%28.8%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
38.9%
Strong Growth
4Q Net Income CAGR
74.1%
Profitability Improved
Cash Flow Stability
50%
Cash Flow Needs Attention

Research & Insights

Next earnings:Jan 20, 2026
|
EPS:$0.21
|
Revenue:$265.48M
Reports
All Years

  • Form 10-K - FY 2025

    Period End: Sep 30, 2025|Filed: Nov 19, 2025|
    Revenue: $1.66B+10.1%
    |
    EPS: $3.30-18.3%
    Beat

  • Form 10-Q - Q3 2025

    Period End: Jun 30, 2025|Filed: Jul 23, 2025|
    Revenue: $390.50M+22.6%
    |
    EPS: $0.65-14.5%
    Miss

  • Form 10-Q - Q2 2025

    Period End: Mar 31, 2025|Filed: Apr 22, 2025|
    Revenue: $351.00M+5.2%
    |
    EPS: $0.62-31.1%
    Miss

  • Form 10-Q - Q1 2025

    Period End: Dec 31, 2024|Filed: Jan 23, 2025|
    Revenue: $250.40M-18.1%
    |
    EPS: $0.32-57.9%
    Miss

  • Form 10-K - FY 2024

    Period End: Sep 30, 2024|Filed: Nov 19, 2024|
    Revenue: $1.51B+5.0%
    |
    EPS: $4.04+21.0%
    Beat

  • Form 10-Q - Q3 2024

    Period End: Jun 30, 2024|Filed: Jul 22, 2024|
    Revenue: $318.40M-13.7%
    |
    EPS: $0.76-19.1%
    Miss

  • Form 10-Q - Q2 2024

    Period End: Mar 31, 2024|Filed: Apr 23, 2024|
    Revenue: $333.80M+10.7%
    |
    EPS: $0.90+66.7%
    Beat

  • Form 10-Q - Q1 2024

    Period End: Dec 31, 2023|Filed: Jan 24, 2024|
    Revenue: $305.90M+41.2%
    |
    EPS: $0.76+81.0%
    Beat