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Forestar Group

FOR

Forestar Group Inc. is a leading national residential lot development company that specializes in the acquisition, entitlement, and development of land into finished single-family lots.

Market cap
$1.44B+8.3%
Revenue$1.7B+11.8%
Net income$170.3M+4.7%
Free cash flow-$594.9M-1,053%
EPS (diluted)$3.33+4.4%
Trailing twelve months · change vs. prior year

Earnings

Next report

Oct 29, 2026 (in 3 months)
Revenue estimate$605.9M
EPS estimate$1.26

Financials

Q3 2026

Income statement

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Revenue$407.0M+4.2%
Gross profit$84.1M+5.5%
Net income$35.9M+9.1%
EPS (diluted)$0.70+7.7%

Balance sheet

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Cash & equivalents$394.9M+109%
Total debt$810.2M-8.3%
Total equity$1.9B+10.6%
Total assets$3.2B+3.2%

Cash flow

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Operating cash flow$32.7M
Free cash flow$32.7M

Valuation & ratios

Valuation

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Market cap$1.44B+8.3%
Enterprise value$1.85B-7.0%
P/E8.4×+0.5×
P/S0.8×0.0×

Profitability

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Gross margin21.4%-1.0pp
Net margin9.9%-0.7pp

Returns & leverage

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Return on equity9.6%-0.6pp
Debt / equity0.4×-0.1×

Competitors

Profile

Forestar Group Inc. is a leading national residential lot development company that specializes in the acquisition, entitlement, and development of land into finished single-family lots. The company operates a high-turnover, lower-risk business model focused on capital efficiency by developing projects in phases to match market demand. Its core value proposition lies in its ability to secure entitlements and manage infrastructure development for sale to homebuilders across a geographically diverse footprint.

Competitive position

Forestar is a major national player in a highly fragmented industry, leveraging a strategic relationship with the nation's largest homebuilder to maintain a significant lot position and consistent demand.

GeographiesUnited States
Customer segmentsResidential homebuilders, Real estate investment trusts, Build-to-rent operators
Business modelLand development and sale, B2B, Asset-heavy
SuppliersLand owners, Civil engineering firms, Environmental consultants, Land development subcontractors, Raw material suppliers (steel, concrete, transformers)
CustomersPublicly traded homebuilders, Private regional homebuilders, Build-to-rent developers
Listed1973
Employees376.0
CEOAnthony W. Oxley
FilingsSEC EDGAR

FAQ

What is Forestar Group's market cap?
Forestar Group (FOR) has a market capitalization of $1.4B and trades on NYSE.
What is Forestar Group's revenue and profitability?
Forestar Group generated $1.7B in trailing twelve-month revenue with net income of $170.3M, representing a net margin of 9.9%. Gross margin stands at 21.4%, with free cash flow of -$594.9M. These figures are based on the Q2 2026 filing.
Who are Forestar Group's competitors?
Forestar Group's key competitors include D.R. Horton, Inc., Lennar Corporation, PulteGroup, Inc., and others. These companies compete in similar markets and product categories.
Who does Forestar Group partner with?
Forestar Group's notable partners include D.R. Horton, Inc..
What subsidiaries does Forestar Group have?
Forestar Group's subsidiaries include Lumbermen’s Investment Corporation.
Where is Forestar Group headquartered?
Forestar Group is headquartered in United States of America and employs approximately 376 people. It has been publicly traded since 1973.