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Forestar Group FOR Accrued development costs

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Other financials

Income statement

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Revenue$374.3M+6.6%
Gross profit$80.2M+1.3%
Net income$32.1M+1.6%
EPS (diluted)$0.63+1.6%

Balance sheet

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Cash & equivalents$362.2M+108%
Total debt$810.4M-8.0%
Total equity$1.8B+10.6%
Total assets$3.2B+4.3%

Cash flow

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Operating cash flow-$157.0M+65.1%
CapEx$200.0K-71.4%
Free cash flow-$157.1M+65.1%

Valuation

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Market cap$1.58B+59.3%
Enterprise value$2.03B+19.3%
P/E9.4×+3.5×
P/S0.9×+0.2×

Profitability

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Gross margin21.3%-1.6pp
Operating margin21.9%
Net margin9.8%-1.7pp
FCF margin-3.4%-23.4pp

Returns & leverage

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Return on equity9.7%-1.1pp
Debt / equity0.4×-0.1×

Where this comes from

Reported directly by Forestar Group in its filing.

Tagged under the XBRL concept for:AccruedDevelopmentCosts.

The official record: Forestar Group’s 10-Q, filed April 23, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Forestar Group's accrued development costs?
Forestar Group (FOR) reported accrued development costs of $113.9M in Q1 2026.
How has Forestar Group's accrued development costs changed year-over-year?
Forestar Group's accrued development costs decreased by 7.3% year-over-year, from $122.9M to $113.9M.
What is the long-term trend for Forestar Group's accrued development costs?
Over 5 years (2020 to 2025), Forestar Group's accrued development costs has grown at a 24.3% compound annual growth rate (CAGR), from $44.4M to $131.8M.
What does accrued development costs mean?
This metric captures liabilities recognized for land development work performed by contractors or vendors that has not yet been invoiced or paid. It reflects the company's ongoing financial obligations related to infrastructure improvements, such as grading, utilities, and road construction within residential communities. Tracking these accruals provides insight into the pace of active development projects and near-term cash outflow requirements.