| Nov 25 | Feb 26 | May 26 | Aug 26 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Buy | — | — | — | — | — | — | — | — | — | — | — | — |
| Sell | — | — | — | — | — | — | — | — | 1 | — | 1 | — |
| total | individual payouts | |
|---|---|---|
| 2025 | ‡‡‡ |
|
| 2024 | ‡‡‡ |
|
| 2023 | ‡‡‡ |
|
| 2022 | ‡‡‡ |
|
| 2021 | ‡‡‡ |
|
| 2020 | ‡‡‡ |
|
| 2018 | ‡‡‡ |
|
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Cash | 616.00 | 481.20 | 379.20 | 394.90 |
| Receivables | — | — | — | — |
| Inventory | — | — | — | — |
| Other | — | — | — | — |
| 616.00 | 481.20 | 379.20 | 394.90 |
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Payables | 68.40 | 85.90 | 71.00 | 65.30 |
| ST’ Debt | — | — | — | — |
| Other | — | — | — | — |
| 233.70 | 298.80 | 285.90 | 274.00 |
| 10y | 5y | 3y | |
| Sales | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Cash Flow | ‡‡‡ | ‡‡‡ | ‡‡‡ |
| Earnings | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Book Value | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Dec | Mar | Jun | Sep | Year | |
|---|---|---|---|---|---|
| ’26 | 273.00 | 374.30 | 407.00 | — |
—
|
| ’25 | 250.40 | 351.00 | 390.50 | 670.50 |
1,662.40
|
| ’24 | 305.90 | 333.80 | 318.40 | 551.30 |
1,509.40
|
| ’23 | 216.70 | 301.50 | 368.90 | 549.80 |
1,436.90
|
| ’22 | 407.60 | 421.60 | 308.50 | 381.40 |
1,519.10
|
| ’21 | 307.10 | 287.10 | 312.90 | 418.70 |
1,325.80
|
| ’20 | 247.20 | 159.10 | 177.90 | 347.60 |
931.80
|
| Dec | Mar | Jun | Sep | Year | |
|---|---|---|---|---|---|
| ’26 | (157.00) | 151.90 | 32.70 | — |
—
|
| ’25 | (450.00) | (19.80) | 15.80 | 256.30 |
(197.70)
|
| ’24 | (156.70) | (59.20) | (61.70) | 119.20 |
(158.40)
|
| ’23 | (49.80) | 71.10 | 114.90 | 227.90 |
364.10
|
| ’22 | 5.80 | 70.80 | (86.80) | 118.90 |
108.70
|
| ’21 | (158.70) | (90.80) | (91.10) | 37.50 |
(303.10)
|
| ’20 | (11.60) | (112.20) | (81.90) | 37.30 |
(168.40)
|
| Dec | Mar | Jun | Sep | Year | |
|---|---|---|---|---|---|
| ’26 | (157.10) | 151.70 | 32.70 | — |
—
|
| ’25 | (450.00) | (20.50) | 15.00 | 260.10 |
(195.40)
|
| ’24 | (156.90) | (59.80) | (62.30) | 127.90 |
(151.10)
|
| ’23 | (48.30) | 70.90 | 114.40 | 227.40 |
364.40
|
| ’22 | 7.50 | 69.80 | (86.80) | 118.60 |
108.40
|
| ’21 | (158.80) | (90.90) | (91.40) | 36.40 |
(304.70)
|
| ’20 | (10.30) | (111.10) | (83.60) | 38.60 |
(167.70)
|
| Dec | Mar | Jun | Sep | Year | |
|---|---|---|---|---|---|
| ’26 | 0.30 | 0.63 | 0.70 | — |
—
|
| ’25 | 0.32 | 0.62 | 0.65 | 1.70 |
3.29
|
| ’24 | 0.76 | 0.89 | 0.76 | 1.60 |
4.00
|
| ’23 | 0.42 | 0.54 | 0.93 | 1.44 |
3.33
|
| ’22 | 0.81 | 0.96 | 0.80 | 1.02 |
3.59
|
| ’21 | 0.46 | 0.59 | 0.32 | 0.89 |
2.25
|
| ’20 | 0.35 | 0.20 | 0.21 | 0.50 |
1.26
|
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | 10.28 | 13.72 | 25.27 | 18.00 | — | — | — |
Low Price
|
| ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 22.60 | 34.92 | 40.92 | 29.44 | — | — | — |
High Price
|
| ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 291 | 303 | 303 | 433 | — | — | — |
Employees
|
| ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 5.22 | 4.74 | 4.98 | 3.84 | — | — | — |
Revenue/Emp
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1,519.10 | 1,436.90 | 1,509.40 | 1,662.40 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue
|
| ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 21.33% | 21.16% | 23.80% | 21.87% | — | — | — |
Gross Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 235.80 | 221.60 | 270.10 | 219.30 | ‡‡‡‡‡ | — | — |
EBT
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 15.52% | 15.42% | 17.89% | 13.19% | ‡‡‡ | ‡‡‡ | ‡‡‡ |
EBT Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 178.80 | 166.90 | 203.40 | 167.90 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Net Income
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 2.70 | 3.00 | 3.00 | 3.50 | — | — | — |
Depreciation
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 30.50 | 28.74 | 29.95 | 32.66 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue/Sh
|
| ‡‡‡‡ | — | ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | 3.59 | 3.34 | 4.03 | 3.30 | ‡‡‡‡‡ | ‡‡‡ | ‡‡‡‡‡ |
Earnings/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 2.18 | 7.28 | (3.14) | (3.88) | — | — | — |
Cash Flow/Sh
|
| ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (0.01) | 0.01 | 0.14 | 0.05 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Capex/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 2.18 | 7.29 | (3.00) | (3.84) | — | — | — |
Free CF/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 24.08 | 27.40 | 31.65 | 34.75 | ‡‡‡‡‡ | — | — |
Book Value/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 49.80 | 50.00 | 50.40 | 50.90 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Shares
|
| ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 3.12 | 7.95 | 8.03 | 8.06 | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ |
PE Ratio
|
| ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.37 | 0.93 | 1.08 | 0.81 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PS Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.46 | 0.97 | 1.02 | 0.77 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PB Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.73 | 1.06 | 1.31 | 1.14 | ‡‡‡ | ‡‡‡‡ | ‡‡‡‡ |
EV/Sales
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 10.34 | 4.19 | (13.07) | (10.15) | — | — | — |
EV/FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 108.70 | 364.10 | (158.40) | (197.70) | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Op' Cash Flow
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (0.30) | 0.30 | 7.30 | 2.30 | ‡‡‡‡‡ | — | — |
Capex
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 108.40 | 364.40 | (151.10) | (195.40) | ‡‡‡‡‡ | — | — |
FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.20 | 382.30 | 182.40 | 93.30 | — | — | — |
Working Cap'
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 706.00 | 695.00 | 706.40 | 802.70 | — | — | — |
Total Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 441.20 | 79.00 | 225.20 | 423.50 | — | — | — |
Net Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1,199.30 | 1,369.90 | 1,595.10 | 1,768.90 | — | — | — |
Sh' Equity
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 8.05% | 6.93% | 7.66% | 5.62% | ‡‡‡‡‡ | — | — |
ROA
|
| ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 8.90% | 8.97% | 8.59% | 6.11% | — | — | — |
ROIC
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 16.14% | 12.99% | 13.72% | 9.98% | ‡‡‡‡‡ | — | — |
ROE
|
Forestar Group Inc. (FOR), a residential lot developer supercharged by its 2020 acquisition from D.R. Horton, has delivered explosive growth, with revenue surging over 210% from $428 million in 2019 to $1.52 billion in 2022 before a modest 2023 dip amid high rates. Now trading near recent highs, the company boasts improving gross margins at 23.8% in 2024, robust ROE around 14%, and book value per share doubling since 2016, fueled by Horton’s lot supply synergy that shields it from pure-play volatility.
Yet cash flows remain lumpy—strong $364 million operating cash in 2023 but forecasts turning negative in 2025 due to capex—while valuations scream opportunity: forward P/E at 8x, PS at 1.1x, and analyst targets implying 12-25% upside. Insiders show mixed signals with recent sells but CEO buying at a discount, hinting at confidence amid housing rebound bets.
Analysts project revenue climbing to $1.95 billion by 2028 and steady EPS, banking on Fed rate cuts and 4-5% housing growth, but cyclical risks like oversupply and debt watch loom large. For investors eyeing resilient real estate plays, Forestar’s scale-up story offers intriguing potential—dive into the full analysis for the numbers that could fuel your next move.
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