Skip to content
MARKETS / NYSE / FOR
NYSE · REAL ESTATE · MID CAP

Forestar Group Inc. FOR

16 fiscal years on record · USD · FY2025 reported · SEC filings only
$1.5B
▲ 5.8% YoY
$167.9M
▼ 17.5% YoY
$-199.9M
In brief

What this company does

Forestar Group Inc. focuses primarily on making investments in land acquisition and development to sell finished single-family residential lots to homebuilders. It conducts a wide range of project planning and management activities related to the entitlement, acquisition, community development and sale of residential lots. For the year ended September 30, 2025, it sold 14,240 lots with an average sales price of $108,400, and at September 30, 2025 its lot position consisted of 99,800 residential lots, of which approximately 65,100 were owned and 34,700 were controlled through purchase contracts. It has expanded and diversified its lot development operations across 64 markets in 23 states. It manages its operations through its real estate segment. It increased its number of employees from 393 at September 30, 2024 to 433 at September 30, 2025 to support the growth of its residential lot development business across a geographically diversified platform. Its real estate origins date back to the 1954 incorporation of Lumbermen's Investment Corporation, which became a wholly-owned subsidiary of the predecessor to Temple-Inland Inc. in 1971, and after operating as Forestar Real Estate Group Inc. following a 2007 distribution that made it an independent publicly-traded company, it took the name Forestar Group Inc. in 2008.

Written from the business description in FORESTAR GROUP INC.'s annual report to the U.S. Securities and Exchange Commission, filed 19 November 2025. Every sentence was checked against that document before publication.

Growth
USD 1.5B
Revenue, FY2025 · full 16-year series below
Revenue $B Net income $B
FY2025 · Revenue 1.5 · Net income 0.2
0.80B-0.08B-0.16B200920112013201520172020202220242025
Compound annual growth
+2.0%
+10.6%
+21.6%
+19.9%
−2.1%
+22.5%
+26.2%
−2.9%
+21.2%
+23.4%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +10.6% a year over five years — but profit grew faster: net income at +22.5%, earnings per share at +21.2%.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
11 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 14.2% · Net 10.9%
50%-50%200920112013201520172020202220242025
ROE
FY2025 · ROE 10.0%
5%10%15%-10%-20%-30%200920112013201520172020202220242025

Each USD of equity produced 10 cents of profit this year.

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -199.9
200M-200M200920112013201520172020202220242025
Net buybacks $M Dividends $M
FY2017 · Dividends — · Net buybacks 0.0
8M16M20102011201220132014201520162017

Total assetsUSD 3.1B
EquityUSD 1.8B
CashUSD 379.2M
Gross debtUSD 802.7M
Net debtUSD 423.5M

Net debt stands at 24% of equity.

The 16-year record
16 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative
Metric 2025202420232022202120202019201720162015201420132012201120102009
Revenue $B1.51.51.31.51.30.90.40.10.20.20.20.30.20.10.10.1
Operating income $B0.20.30.20.20.10.10.00.10.10.00.10.00.00.10.00.1
EBITDA $B0.20.30.20.20.10.10.10.10.20.10.10.10.00.10.00.1
Income tax $B0.10.10.10.10.00.00.00.00.00.00.00.00.00.00.00.0
Net income $B0.20.20.20.20.10.10.00.10.1−0.20.00.00.00.00.00.1
Free cash flow $B−0.2−0.20.40.1−0.3−0.2−0.4−0.00.10.00.10.1−0.00.00.00.1
EPS, diluted $3.294.003.333.592.251.260.791.191.38−6.220.380.800.360.200.141.64
Dividend / sh $················
Payout %················
ROE %10.013.713.016.211.77.24.18.611.0−35.22.34.72.51.41.0·
Shares out B0.050.050.050.05············

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 47 reconciliationsAUDITED

Reconciled in 16 of 19 fiscal years. 21 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityReal Estate
Listed onNYSE
Incorporated inDelaware
Fiscal year endsSeptember 30
Data on record since2009

Share this section

Download image