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Forestar Group Inc FOR

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Get access to target analyst prices, predictions, compound annual growth rates and more than four years of historical data.

Insider Decisions

Total sells
0.16
in millions of $
Nov 25 Feb 26 May 26 Aug 26
Buy
Sell 1 1
Insider Ownership
62.27%

Capital & Financial Ratios

Market Cap
1,330.00
Revenue
1,724.80
Net Income
170.60
Free Cash Flow
287.40
Net Debt
398.90
Current Ratio
1.44
Debt/Equity
0.43
P/E ratio
7.79
P/S ratio
0.77
P/B ratio
0.72
Past 5Y EPS Growth
38.51%
This Y EPS Growth
(12.26%)
Next Y EPS Growth
3.93%
Next 5Y EPS Growth
6.71%
in millions of $

Dividends

Payout Ratio
0.00
Annual Dividend Rate
Annual Dividend Yield
total individual payouts
2025 ‡‡‡
2024 ‡‡‡
2023 ‡‡‡
2022 ‡‡‡
2021 ‡‡‡
2020 ‡‡‡
2018 ‡‡‡
predictions in italic, special payouts not included in total or ratios

Assets vs Liabilities

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
in millions of $

Compound Annual Growth

10y 5y 3y
Sales ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡
Cash Flow ‡‡‡ ‡‡‡ ‡‡‡
Earnings ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡
Book Value ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡

Revenue

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
in millions of $

Operating Cash Flow

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)
in millions of $

Free Cash Flow

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)
in millions of $

EPS

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

Target Price Range

High
‡‡‡‡‡
‡‡‡‡
Average
‡‡‡‡‡
‡‡‡‡
Low
‡‡‡‡‡
‡‡‡‡

Recommendation Rating

1.7
1
Buy
2
3
Hold
4
5
Sell
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
predictions in italic, sparklines do not include predictions

Analyst Commentary (Summary)

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.

Forestar Group Inc (FOR) Latest News

News by impact score

Fine-tune

21 Jul

4 , 7:00 PM
Forestar Group Inc posted strong Q3 2026 revenue growth during its earnings call, backed by strategic real estate development initiatives. Strong revenue growth and strategic moves in earnings results are likely to lift investor sentiment and materially improve Forestar's near-term stock performance.

3 transcript app.moby.co, 4:54 PM
Forestar Group Inc held Q3 2026 earnings call covering financial results, operations and outlook. Quarterly earnings updates deliver performance data and guidance with moderate influence on near-term valuation.

3 transcript www.marketbeat.com, 12:05 PM
Forestar Group Inc discussed Q3 financial results and operations in its earnings call. Q3 earnings details may moderately shift investor views on Forestar Group's near-term performance.

3 , 7:11 AM
Forestar Group Inc missed Q2 CY2026 sales expectations. Quarterly sales miss typically triggers negative stock reaction and near-term investor sentiment pressure for Forestar Group.

3 , 6:30 AM
Forestar Group Inc reported fiscal 2026 third quarter results. Quarterly results provide financial updates that can influence near-term stock movement and investor views.

16 Jul

3 , 9:11 PM
Forestar cash burn raises risks to D.R. Horton's land pipeline and triggers new questions on supply strategy and execution. Cash burn concerns at Forestar create moderate risk to land supply and near-term performance visibility.

3 May

3 Simply Wall St., 12:08 PM
Forestar Group (FOR) posted steady Q2 results and a tightened lot outlook, potentially weakening the bull case. Steady Q2 results with tightened lot outlook may temper bullish sentiment without major shifts.

28 Apr

3 , 4:28 PM
Forestar Group Inc. (FOR) Q1 earnings call highlighted top 5 analyst questions on residential lot development, land acquisition strategy, pricing pressures, margin outlook, and housing market demand. Q1 earnings call's top analyst questions address core operations like lot sales and margins, influencing short-to-medium term investor sentiment without transformative shifts.

22 Apr

4 GuruFocus.com, 3:03 AM
Forestar Group Inc (FOR) Q2 2026 earnings call highlights strong revenue growth amid market challenges. Strong revenue growth in Q2 2026 signals significant positive shift in financial performance and investor sentiment.

3 StockStory, 10:37 AM
Forestar Group Inc (FOR) delivered stable margins and disciplined inventory management in Q1 despite slower lot sales. Stable margins and inventory discipline mitigate slower lot sales, moderately bolstering financial outlook amid housing market headwinds.

21 Apr

4 app.moby.co, 12:46 PM
Forestar Group Inc. summarized Q2 2026 earnings call, highlighting financial results, lot sales, revenue growth, profitability metrics, and future outlook amid housing market conditions. Q2 2026 earnings summary discloses key financials, guidance, and strategic updates that significantly shape investor expectations and stock trajectory.

4 transcript www.fool.com, 12:19 PM
Forestar Group Inc. (FOR) Q2 2026 earnings call transcript released, covering quarterly financial results, management discussion, and forward-looking guidance. Q2 2026 earnings transcript discloses financial performance and strategic outlook, likely influencing investor sentiment and stock trajectory.

4 www.marketbeat.com, 11:51 AM
Forestar Group Inc Q2 earnings call highlights key financial results, lot acquisition activity, revenue growth, and forward guidance amid residential land market dynamics. Q2 earnings highlights detail financial performance and strategic outlook, poised to significantly sway investor sentiment and stock trajectory.

4 , 6:30 AM
Forestar Group Inc. reported fiscal 2026 second quarter results, highlighting key financial metrics and operational performance. Quarterly earnings reports reveal critical financial health indicators that significantly influence stock performance and investor sentiment.

3 , 7:35 AM
Forestar Group Inc. (FOR) Q2 earnings and revenues missed analyst estimates. Q2 earnings and revenue misses affect financial performance and investor sentiment moderately but are limited to one quarter.

19 Apr

3 , 11:57 PM
Forestar Group Inc. (FOR) released Q1 report highlighting key metrics, expectations, and factors to watch ahead of earnings call. Q1 earnings preview influences financial performance expectations and short-term investor sentiment.

6 Mar

4 Simply Wall St., 2:10 AM
Forestar Group Inc (FOR) stock dropped 7.4% due to declining lot sales and cash flow strain. Declining lot sales and cash flow strain signal major operational challenges that could significantly impair future revenue and financial stability.

2 Mar

3 StockStory, 8:20 AM
Forestar Group Inc (FOR) deemed risky due to three key factors, with one alternative stock recommended for purchase instead. Outlining three specific risks moderately influences investor sentiment and FOR's market perception.

26 Feb

3 , 7:58 AM
Forestar Group (FOR) Q4 earnings prompt buy, sell, or hold analysis amid performance review. Q4 earnings directly affect Forestar Group's financial performance and short-term market sentiment.

25 Feb

4 Zacks, 12:00 PM
Forestar Group Inc (FOR) earns new Strong Buy stock designation due to compelling factors enhancing its investment appeal. Strong Buy recommendation highlights major positive factors poised to significantly boost investor sentiment and stock trajectory.

9 Feb

3 StockStoryStockStory, 11:37 PM
Forestar Group Inc (FOR) is highlighted as a value stock approached with caution due to concerns over its valuation and market conditions. Analysts suggest that while the company has potential, factors such as rising interest rates and economic uncertainties could pose risks to its growth and profitability. Investors are advised to weigh these risks against the company's strengths before making investment decisions. Economic uncertainties and rising interest rates may moderately influence Forestar's financial performance and market positioning.

7 Feb

3 , 7:17 PM
Forestar Group Inc (FOR) shares rose 12.5% after the company reported revenue and EBITDA that exceeded forecasts, although it fell short of profit targets. This performance has led to questions about whether the bullish outlook for the company remains intact. The mixed financial results indicate a moderately noticeable influence on future performance and market sentiment.

6 Feb

4 Zacks, 6:06 AM
Forestar Group Inc (FOR) has been identified as a strong buy stock for February 6th, indicating positive market sentiment and potential for growth. Analysts suggest that the company's fundamentals and market position make it an attractive investment opportunity at this time. Strong buy recommendations typically indicate significant potential for future growth and positive market performance.

5 Feb

4 StockStory, 10:31 PM
Forestar Group Inc (FOR) has shown notable performance in Q4 compared to other consumer discretionary stocks. The company has benefited from favorable market conditions and strategic initiatives, positioning itself as a strong player in the sector. Analysts highlight its growth potential and resilience amidst broader market fluctuations, suggesting a positive outlook for future performance. Significant strategic moves and favorable market conditions are likely to alter the company's trajectory and investor sentiment.

3 Feb

4 Zacks, 12:00 PM
Forestar Group Inc (FOR) is highlighted as a strong momentum pick due to its robust performance and strategic positioning in the real estate and land development sectors. The company has shown significant growth potential, driven by favorable market conditions and effective management strategies. Investors are encouraged to consider FOR as a viable option for capitalizing on current market trends. Strong growth potential and strategic positioning indicate significant impact on future performance.

2 Feb

4 StockStory, 10:34 PM
Forestar Group Inc (FOR) reported strong performance in Q4, driven by increased demand in the housing market and strategic land acquisitions. The company highlighted its focus on residential development, which has positioned it well amid ongoing market trends. Financial results showed significant revenue growth, reflecting effective management and operational efficiencies. The outlook remains positive as Forestar continues to capitalize on favorable market conditions and expand its footprint in key regions. Strong Q4 performance and strategic land acquisitions are likely to significantly impact future growth and investor sentiment.

4 Zacks, 12:20 PM
Earnings estimates for Forestar Group Inc (FOR) are on the rise, indicating positive market sentiment and potential growth for the company. Analysts are optimistic about the company's performance, suggesting that it may gain traction in the upcoming quarters. This upward revision in earnings estimates reflects confidence in Forestar's operational strategies and market positioning. Rising earnings estimates suggest significant positive momentum and potential for improved financial performance.

31 Jan

3 Simply Wall St., 10:13 AM
Forestar Group Inc (FOR) reported mixed quarterly results amid ongoing challenges in the housing market. The company faces headwinds due to rising interest rates and supply chain issues, impacting its land development and homebuilding segments. Despite these challenges, Forestar remains focused on strategic growth initiatives and maintaining a strong balance sheet. Analysts are closely monitoring the company's performance as it navigates these turbulent conditions. Mixed quarterly results and ongoing housing market challenges are expected to moderately influence Forestar's financial performance and market positioning.

30 Jan

4 Zacks, 10:00 AM
Forestar Group Inc (FOR) is highlighted as one of the best momentum stocks to buy as of January 30th. The company has shown strong performance indicators, making it an attractive option for investors looking for growth opportunities in the current market environment. Analysts suggest that its strategic positioning and operational efficiency contribute to its momentum, potentially leading to favorable returns for shareholders. Strong performance indicators and strategic positioning suggest significant potential for future growth and investor interest.

4 Zacks, 9:55 AM
Wall Street analysts project that Forestar Group Inc (FOR) could see a surge of 27.61% in its stock price. This optimistic outlook is based on various factors influencing the company's performance and market conditions. Investors are encouraged to consider these insights before making investment decisions. Analysts' projections indicate significant potential for stock price appreciation, reflecting major strategic moves and market dynamics.