GoAI
Get started
Forestar Group Inc. logo

Forestar Group Inc.

FOR

NYSEReal EstateReal Estate - Development

Open in GoAI

Previous close

$29.17

+$0.29 · +1.00%

Aug 21, 4:00 PM ET

FOR company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

55

Fair Value

Momentum

56

Neutral

Sentiment

44

Mixed

Risk resilience

66

Moderate Risk

Full GoAI research

Thesis, catalysts, evidence, and risk analysis.

View full GoAI research

AI-generated, informational only, and not investment advice.

Company profile

Company website

Forestar Group Inc. is an American company primarily engaged in developing residential lots. Its business model entails acquiring land, then preparing the necessary infrastructure for new single-family housing communities. These fully developed lots are subsequently sold to various home construction companies. Headquartered in Arlington, Texas, Forestar operates as a subsidiary of D.R. Horton, Inc.

Industry
Real Estate - Development
Sector
Real Estate
Headquarters
US
CEO
Anthony W. Oxley
Listed since
Dec 13, 2007
Employees
433

Market position

Day range

Current $29.17

52-week range

Current $29.17

Open
$29.17
Previous close
$28.88
Volume
81.61K
0.58× average
Average volume
141.8K
Average daily volume
Market cap
1.49B USD
Beta
1.41
Market reference 1
50-day average
$29.5004
-1.12% below average
200-day average
$27.1384
+7.49% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
1.79B USD
P/E (TTM)
8.73×
P/B (TTM)
0.8×
P/S (TTM)
0.86×
EV / EBITDA
8.04×
Earnings yield
12.41%
Free cash flow yield
-14.77%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
21.39%
Operating margin
12.38%
Net margin
9.88%
Return on equity
9.50%
Return on assets
5.35%
Return on invested capital
5.94%

Financial health

Debt / equity
0.44×
Current ratio
0.94×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends25%19%13%7%Gross margin, FY2021: 17.29%Gross margin, FY2022: 21.33%Gross margin, FY2023: 21.16%Gross margin, FY2024: 23.80%Gross margin, FY2025: 21.87%Operating margin, FY2021: 12.13%Operating margin, FY2022: 15.17%Operating margin, FY2023: 14.36%Operating margin, FY2024: 15.95%Operating margin, FY2025: 12.58%Net margin, FY2021: 8.31%Net margin, FY2022: 11.77%Net margin, FY2023: 11.62%Net margin, FY2024: 13.48%Net margin, FY2025: 10.10%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 17.29%. Gross margin FY2022 21.33%. Gross margin FY2023 21.16%. Gross margin FY2024 23.80%. Gross margin FY2025 21.87%. Operating margin FY2021 12.13%. Operating margin FY2022 15.17%. Operating margin FY2023 14.36%. Operating margin FY2024 15.95%. Operating margin FY2025 12.58%. Net margin FY2021 8.31%. Net margin FY2022 11.77%. Net margin FY2023 11.62%. Net margin FY2024 13.48%. Net margin FY2025 10.10%.

Income trends

Revenue

1.66B USD+10.14%

Operating income

209.1M USD-13.16%

Net income

167.9M USD-17.45%
Income trends across reported periods1.82B USD1.2B USD575.86M USD−45.02M USDRevenue, FY2021: 1.33B USDRevenue, FY2022: 1.52B USDRevenue, FY2023: 1.44B USDRevenue, FY2024: 1.51B USDRevenue, FY2025: 1.66B USDOperating income, FY2021: 160.8M USDOperating income, FY2022: 230.4M USDOperating income, FY2023: 206.4M USDOperating income, FY2024: 240.8M USDOperating income, FY2025: 209.1M USDNet income, FY2021: 110.2M USDNet income, FY2022: 178.8M USDNet income, FY2023: 166.9M USDNet income, FY2024: 203.4M USDNet income, FY2025: 167.9M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 1.33B USD. Revenue FY2022 1.52B USD. Revenue FY2023 1.44B USD. Revenue FY2024 1.51B USD. Revenue FY2025 1.66B USD. Operating income FY2021 160.8M USD. Operating income FY2022 230.4M USD. Operating income FY2023 206.4M USD. Operating income FY2024 240.8M USD. Operating income FY2025 209.1M USD. Net income FY2021 110.2M USD. Net income FY2022 178.8M USD. Net income FY2023 166.9M USD. Net income FY2024 203.4M USD. Net income FY2025 167.9M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue1.66B USD1.51B USD1.44B USD1.52B USD1.33B USD
Cost of goods sold1.3B USD1.15B USD1.13B USD1.2B USD1.1B USD
Gross profit363.5M USD359.3M USD304.1M USD324M USD229.2M USD
Selling, general, and administrative154.4M USD118.5M USD97.7M USD93.6M USD68.4M USD
Operating expenses154.4M USD118.5M USD97.7M USD93.6M USD68.4M USD
Interest income6.3M USD19.8M USD13.6M USD1M USD1.2M USD
Depreciation and amortization3.5M USD3M USD3M USD2.7M USD2.7M USD
Operating income209.1M USD240.8M USD206.4M USD230.4M USD160.8M USD
Net income167.9M USD203.4M USD166.9M USD178.8M USD110.2M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
45%
5 beats, 6 misses, 0 met estimates
Average EPS surprise
+4.60%
11 comparable reports
Latest EPS result
0.7
Estimate 0.81 · Miss by 13.58%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates1.821.270.730.18Q1 '25MissQ2 '25MissQ3 '25MissQ4 '25BeatQ1 '26BeatQ2 '26MissQ3 '26MissQ4 '26Estimate
Q1 2025, reported Jan 21, 2025: actual 0.32, estimate 0.65, surprise -50.77%, Miss. Q2 2025, reported Apr 17, 2025: actual 0.64, estimate 0.71, surprise -9.86%, Miss. Q3 2025, reported Jul 22, 2025: actual 0.65, estimate 0.78, surprise -16.67%, Miss. Q4 2025, reported Oct 28, 2025: actual 1.7, estimate 1.26, surprise +34.92%, Beat. Q1 2026, reported Jan 20, 2026: actual 0.3, estimate 0.21, surprise +42.86%, Beat. Q2 2026, reported Apr 21, 2026: actual 0.63, estimate 0.72, surprise -12.50%, Miss. Q3 2026, reported Jul 21, 2026: actual 0.7, estimate 0.81, surprise -13.58%, Miss. Q4 2026, reported Oct 29, 2026: actual —, estimate 1.26, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates704.11M541.67M379.23M216.79MQ1 '25MissQ2 '25MissQ3 '25MissQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26MissQ4 '26Estimate
Q1 2025, reported Jan 21, 2025: actual 250.4M USD, estimate 372.83M USD, surprise -32.84%, Miss. Q2 2025, reported Apr 17, 2025: actual 351M USD, estimate 419.45M USD, surprise -16.32%, Miss. Q3 2025, reported Jul 22, 2025: actual 390.5M USD, estimate 556.59M USD, surprise -29.84%, Miss. Q4 2025, reported Oct 28, 2025: actual 670.5M USD, estimate 556.6M USD, surprise +20.46%, Beat. Q1 2026, reported Jan 20, 2026: actual 273M USD, estimate 265.58M USD, surprise +2.79%, Beat. Q2 2026, reported Apr 21, 2026: actual 374.3M USD, estimate 373.65M USD, surprise +0.17%, Beat. Q3 2026, reported Jul 21, 2026: actual 407M USD, estimate 437.73M USD, surprise -7.02%, Miss. Q4 2026, reported Oct 29, 2026: actual —, estimate 605.89M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$28.38

2.71% downside
Past 12 months12-month forecastHigh $40.00Average $28.38Low $13.50

Recent analyst actions

4 institutions

FOR peers

Welltower Inc. logo

WELL

Welltower Inc.

$239.3

+0.80%

Prologis, Inc. logo

PLD

Prologis, Inc.

$141.8

+0.79%

American Tower Corporation logo

AMT

American Tower Corporation

$175.8

+0.05%

Simon Property Group, Inc. logo

SPG

Simon Property Group, Inc.

$218.29

-0.73%

Digital Realty Trust, Inc. logo

DLR

Digital Realty Trust, Inc.

$190.62

-1.89%

Public Storage logo

PSA

Public Storage

$322.49

-0.08%

ETFs holding FOR

Funds reporting this stock among their holdings, ordered by reported position size.

Avantis U.S. Small Cap Value ETF logoAvantis U.S. Small Cap Value ETFAVUV
Market value
25.87M
Weight
0.08%
AUM
31.27B USD
Expense ratio
0.25%
Price / 1D
$126.45+0.66%
Vanguard Real Estate ETF logoVanguard Real Estate ETFVNQ
Market value
20.45M
Weight
0.03%
AUM
73.1B USD
Expense ratio
0.13%
Price / 1D
$98.50-0.10%
Vanguard Morningstar Total Stock Market ETF logoVanguard Morningstar Total Stock Market ETFVTI
Market value
18.08M
Weight
0.00%
AUM
2.3T USD
Expense ratio
0.03%
Price / 1D
$378.24+0.44%
iShares Russell 2000 ETF logoiShares Russell 2000 ETFIWM
Market value
14.81M
Weight
0.02%
AUM
81.62B USD
Expense ratio
0.19%
Price / 1D
$299.96+0.77%
Vanguard Morningstar Small-Cap ETF logoVanguard Morningstar Small-Cap ETFVB
Market value
13.18M
Weight
0.01%
AUM
183.4B USD
Expense ratio
0.03%
Price / 1D
$304.76+0.64%
Dimensional - US Targeted Value ETF logoDimensional - US Targeted Value ETFDFAT
Market value
8.88M
Weight
0.06%
AUM
14.66B USD
Expense ratio
0.28%
Price / 1D
$71.67+0.67%
Dimensional - US Small Cap Value ETF logoDimensional - US Small Cap Value ETFDFSV
Market value
8.57M
Weight
0.10%
AUM
8.42B USD
Expense ratio
0.30%
Price / 1D
$40.29+0.72%
Vanguard Morningstar Small-Cap Value ETF logoVanguard Morningstar Small-Cap Value ETFVBR
Market value
8.39M
Weight
0.01%
AUM
68.3B USD
Expense ratio
0.05%
Price / 1D
$249.18+0.68%

Continue in GoAI

Research FOR

research.disclaimer