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Forestar Group(NYSE) FOR

Market Cap$1.47BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (2007)+25%
5 Year+41%
1 Year+15%
1 Month-9%
$28.73
-0.83%
-0.24Today
Forestar Group last closing stock price
MetricPriceDate
Last closeUSD 28.772026-07-30
Forestar Group stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week+3.08%USD 27.912026-07-23
1 month-9.1%USD 31.652026-06-30
3 month+4.62%USD 27.502026-05-01
Year to date+16.81%USD 24.632025-12-31
1 year+15.22%USD 24.972025-07-30
3 year-2.41%USD 29.482023-07-31
5 year+40.55%USD 20.472021-07-30
Since inception+25.09%USD 23.002007-12-12

Forestar Group Financials at a Glance

Market Cap

$1.47BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$1.72B

Net Income (TTM)

$170.40M

EPS (TTM)

$3.33

P/E Ratio

8.63

Dividend

$0.00

Beta (Volatility)

0.99 (Low)

Price

$28.73

Volume

85,659

Open

$29.18

Previous Close

$28.77

Daily Range

$28.18 - $29.18

52-Week Range

$22.81 - $32.06

Estimated Earnings Date

Nov 11, 2026

FOR News

Person reacting joyfully to something on a smartphone

Why Forestar Group Stock Popped Today

Eric VolkmanOct 28, 2025
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Forestar Group: 23% Sales Growth in Q3

Motley Fool Markets TeamJul 25, 2025
GettyImages-155445643

Why Forestar Group Stock Is Down Today

Lou WhitemanJul 18, 2024
A house paperweight atop a stack of dollar bills on a desk

Why Forestar Group Stock Was Sinking This Week

Eric VolkmanApr 19, 2024
New Homes GETTY

Here's Why Forestar Group Stock Is Up 12% Today

Matt Frankel, CFP®Jun 5, 2017

Is Forestar Group a Cash Machine?

Seth JaysonJul 4, 2013

Here's 1 Reason Forestar Group Looks Weak

Seth JaysonMay 21, 2013

Here's How Forestar Group May Be Failing You

Seth JaysonApr 3, 2013
Page 1

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About Forestar Group

Forestar helps homebuilders by preparing raw land for new housing developments. The company installs roads and utilities to create finished building lots. These ready-to-use sites allow builders to start construction on houses quickly.

What is Forestar Developing?

  • Residential Lots: Finished land plots sold to homebuilders for single-family houses; generated $331.4 million in revenue for the quarter ended March 31, 2026.
  • Tract Sales: Bulk land parcels sold for various residential or commercial uses; accounted for $42.9 million in revenue for the quarter ended March 31, 2026.
  • Lot Banking: Short-term investments in finished lots intended for quick resale; sold 24 lots during the quarter ended March 31, 2026.

Expanding the National Footprint

  • Entered a strategic relationship with D.R. Horton in October 2017 to align with the nation's largest homebuilder.
  • Filed a shelf registration in September 2024 to potentially issue up to $750 million in new equity securities.
  • Established a program in November 2024 to sell up to $300 million in stock to fund future growth.
  • Diversified operations to cover 64 markets across 24 states as of March 31, 2026.

What Makes the Model Work?

Forestar maintains a competitive edge through its relationship with D.R. Horton, which secures a consistent buyer for developed lots. The company focuses on short-duration projects to cycle capital quickly and improve returns on land investments.

The Latest Financial Scorecard

  • Total revenue reached $374.3 million in the quarter ended March 31, 2026, up 6.6% year-over-year.
  • Net income hit $32.1 million for the quarter ended March 31, 2026, an increase of 1.6% from the prior year.
  • Net cash used in operations improved to $5.1 million for the six months ended March 31, 2026, compared to $469.8 million used a year earlier.
  • The company maintained a lot position of 94,400 owned and controlled residential lots as of March 31, 2026.
  • Total debt was $793.5 million as of March 31, 2026, with no senior notes maturing until 2028.

Evolution of Forestar

Forestar has transitioned into a specialized residential developer focused on affordable lot prices and high-volume production. Its integration with D.R. Horton and broad geographic reach support its role as a key supplier for the American housing market.

AI Generated • Apr 30, 2026

Industry

Real Estate Management and Development

Sector

Real Estate

Employees

433

CEO

Anthony W. Oxley

Website

www.forestar.com

Headquarters

Arlington, TX 76006, US

FOR Financials

Key Financial Metrics (TTM)

Gross Margin

21.39%

Operating Margin

12.38%

Net Income Margin

9.88%

Return on Equity

9.42%

Return on Capital

8.09%

Return on Assets

5.29%

Earnings Yield

11.59%

Dividend Yield

0.00%

Payout Ratio

0.00%

Stock Overview

Market Cap

$1.47BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

51.02M

Volume

85.66K

Avg. Volume

150.35K

Financials (TTM)

Gross Profit

$368.90M

Operating Income

$213.60M

EBITDA

$222.20M

Operating Cash Flow

$283.90M

Capital Expenditure

-$700.00K

Free Cash Flow

$282.90M

Cash & ST Invst.

$394.90M

Total Debt

$810.20M

Forestar Group Performance Analysis

Forestar Group annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-09-30USD 1,519,100,00014.6%
20232023-09-30USD 1,436,900,000-5.4%
20242024-09-30USD 1,509,400,0005.0%
20252025-09-30USD 1,662,400,00010.1%
Forestar Group sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q42025-09-3071.7%
Q12025-12-31-59.3%
Q22026-03-3137.1%
Q32026-06-308.7%
Forestar Group annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-09-30USD 3.5959.4%
20232023-09-30USD 3.33-7.2%
20242024-09-30USD 4.0020.3%
20252025-09-30USD 3.29-17.9%
Forestar Group sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q42025-09-30161.5%
Q12025-12-31-82.4%
Q22026-03-31110.0%
Q32026-06-3011.1%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q3 2026YOY CHG

Revenue

$407.00M

+4.2%

Gross Profit

$84.10M

+5.5%

Gross Margin

20.66%

N/A

Market Cap

$1.47BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

$3.39M

N/A

Employees

433

N/A

Net Income

$35.90M

+9.1%

EBITDA

$45.80M

+3.2%

Quarterly Fundamentals

Name
Q3 2026YOY CHG

Total Cash

$394.90M

+108.7%

Total Debt

$810.20M

-8.3%

Accounts Receivable

$18.20M

-49.0%

Inventory

$0.00

N/A

Long Term Debt

$810.20M

-8.3%

Short Term Debt

$0.00

N/A

Return on Assets

5.29%

N/A

Return on Invested Capital

7.66%

N/A

Free Cash Flow

$32.70M

+118.0%

Operating Cash Flow

$32.70M

+107.0%

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Questions About FOR

What is the current price of Forestar Group?

Forestar Group is trading at $28.77 per share.

What is the 52-week range for Forestar Group?

Over the past 52 weeks, Forestar Group has traded between $22.81 and $32.06.

How much debt does Forestar Group have?

As of the most recent reporting period, Forestar Group reported total debt of $810.20M.

How much cash does Forestar Group have on hand?

Forestar Group reported $394.90M in cash and cash equivalents in its most recent financial results.

What is Forestar Group’s dividend yield?

Forestar Group does not currently have a dividend yield.

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