FORNYSEReal EstateFiscal year ends September 30
Forestar Group Inc.
Financials through Q3 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 22, 2026
$25.10−0.57 (-2.22%)
Close on Oct 19, 2026
- Market cap
- $1.29B
- P/E (TTM)
- 7.5
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2009 to 2025
Gross margin
21.9%+9.2 pts over 5 years
Operating margin
–
Net margin
10.1%+3.6 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +10.1% | +3.1% | +12.3% | +22.5% | |
| Gross profit | +1.2% | +3.9% | +25.2% | – | |
| Net income | -17.5% | -2.1% | +22.5% | – | |
| EPS, diluted | -17.8% | -2.9% | +21.2% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2014 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 2.3% | – | 10.0% | |
| Return on assets | 1.4% | – | 5.6% | |
| Interest coverage | 2.3× | – | – | |
| Capex to revenue | 6.9% | 0.1% | 0.1% | |
| Diluted shares | 44M | 48M | 51M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Forestar generated $1.13B from operations and spent $10.80M on capital expenditure, dividends and share buybacks. 100% of that went back into the business.
Generated
$1.13B
Used
$10.80M
Capital expenditure$10.80M100%Dividends$00%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin10.1%
×Asset turnover0.56×
×Equity multiplier1.78×
=Return on equity, FY202510.0%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 10.1% | 0.56× | 1.78× | 10.0% |
| FY2024 | 13.5% | 0.57× | 1.79× | 13.7% |
| FY2023 | 11.6% | 0.60× | 1.88× | 13.0% |
| FY2022 | 11.8% | 0.68× | 2.01× | 16.2% |
| FY2021 | 8.3% | 0.69× | 2.04× | 11.7% |
| FY2017 | 44.0% | 0.15× | 1.28× | 8.6% |
| FY2016 | 29.7% | 0.23× | 1.61× | 11.0% |
| FY2015 | -97.5% | 0.20× | 1.85× | -35.2% |
| FY2014 | 7.0% | 0.20× | 1.72× | 2.3% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
1of 7 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$167.90M
- Cash generatingOperating cash flow above zero-$197.70M
- Return on assets improvedROA up on the prior year8.2% → 5.9%
- Earnings backed by cashOperating cash flow above net income-$197.70M vs $167.90M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose– → –
- No dilutionShare count did not rise51M → 51M
- Gross margin improvedGross margin up on the prior year23.80% → 21.87%
- More efficientAsset turnover rose0.61 → 0.59