15 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 12.3% per year over the past 5 years.
Net income has grown faster than revenue (22.5% vs 12.3% per year).
Financial health
Total debt ($803M) exceeds cash ($379M); net debt is $424M.
Total debt has grown slower than revenue (4.6% vs 12.3% per year).
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
2025
$1.7B
$168M
21.9%
0.0%
9.5%
5.4%
-$200M
$803M
$379M
2024
$1.5B
$203M
23.8%
0.0%
12.8%
7.2%
-$161M
$706M
$481M
2023
$1.4B
$167M
21.2%
0.0%
12.2%
6.8%
$363M
$695M
$616M
2022
$1.5B
$179M
21.3%
0.0%
14.9%
7.6%
$105M
$706M
$265M
2021
$1.3B
$110M
17.3%
0.0%
10.9%
5.2%
-$305M
$705M
$154M
2020
$932M
$61M
12.7%
0.0%
7.0%
3.5%
-$169M
$641M
$394M
2019
$428M
$33M
15.3%
0.0%
4.1%
2.3%
-$392M
$461M
$383M
2017
$114M
$50M
1.5%
34.8%
8.3%
6.6%
—
$108M
$323M
2016
—
$59M
—
—
10.5%
8.0%
—
$110M
$266M
2015
—
-$213M
—
—
-42.5%
-21.9%
—
$382M
$96M
2014
—
$17M
—
—
2.3%
1.3%
—
$433M
$170M
2013
—
$29M
—
—
4.1%
2.5%
—
$357M
$192M
2012
—
$13M
—
—
2.4%
1.4%
—
$294M
$10M
2011
—
$7M
—
—
1.4%
0.9%
—
$222M
$18M
2010
—
$5M
—
—
1.0%
0.6%
—
$222M
$5M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
Jun '26
$407M
$36M
20.7%
0.0%
1.9%
1.1%
$33M
$794M
$395M
Mar '26
$374M
$32M
21.4%
0.0%
1.8%
1.0%
$152M
$794M
$362M
Dec '25
$273M
$15M
20.1%
0.0%
0.9%
0.5%
-$157M
$793M
$212M
Sep '25
$671M
$87M
22.3%
0.0%
4.9%
2.8%
$256M
$803M
$379M
Jun '25
$391M
$33M
20.4%
0.0%
2.0%
1.1%
$15M
$873M
$189M
Mar '25
$351M
$32M
22.6%
0.0%
1.9%
1.0%
-$21M
$873M
$174M
Dec '24
$250M
$17M
22.0%
0.0%
1.0%
0.6%
-$450M
$807M
$132M
Sep '24
$551M
$82M
23.9%
0.0%
5.1%
2.9%
$118M
$706M
$481M
Jun '24
$318M
$39M
22.5%
0.0%
2.6%
1.4%
-$62M
$706M
$359M
Mar '24
$334M
$45M
24.9%
0.0%
3.1%
1.7%
-$60M
$706M
$416M
Dec '23
$306M
$38M
23.8%
0.0%
2.7%
1.5%
-$157M
$705M
$459M
Sep '23
$550M
$72M
21.0%
0.0%
5.3%
2.9%
$227M
$695M
$616M
Jun '23
$369M
$47M
23.0%
0.0%
3.6%
2.0%
$114M
$707M
$401M
Mar '23
$302M
$27M
18.5%
0.0%
2.2%
1.2%
$71M
$707M
$287M
Dec '22
$217M
$21M
21.9%
0.0%
1.7%
0.9%
-$50M
$706M
$216M
Sep '22
$381M
$51M
23.4%
0.0%
4.2%
2.2%
$119M
$706M
$265M
Jun '22
$309M
$40M
24.0%
0.0%
3.5%
1.8%
-$88M
$706M
$146M
Mar '22
$422M
$48M
20.8%
0.0%
4.3%
2.1%
$70M
$705M
$234M
Dec '21
$408M
$41M
18.0%
0.0%
3.8%
1.9%
$4M
$705M
$163M
Sep '21
$419M
$44M
18.1%
0.0%
4.3%
2.1%
$36M
$705M
$154M
Valuation over time
How the market has priced FOR against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has risen from 4.4× (Mar '23) to 8.4× (Sep '26).
The price-to-sales ratio has risen from 0.5× (Mar '23) to 0.8× (Sep '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Frequently asked questions
Is FOR growing its revenue and profit?
Over the past 5 years, Forestar Group Inc.'s revenue has grown 12.3% per year, and net income grown 22.5% per year. These are computed facts, not advice.
How much debt does FOR have?
As of FY2025, Forestar Group Inc. reported $803M of total debt against $379M of cash.
What is FOR's profit margin?
In FY2025, gross margin was 21.9%, operating margin —, and net margin 10.1%.
What is FOR's P/E ratio?
As of Sep '26, Forestar Group Inc. traded at a price-to-earnings ratio of about 8.4× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.