In fiscal 2025, which ended Sep 30, 2025, Forestar Group Inc. reported revenue of $1.5 billion, up 5.8% from the year before. Net income was $167.9 million, a profit margin of 10.9%. Diluted earnings per share were $3.29. Over the twelve months ended Jun 30, 2026, revenue was $1.5 billion and net income was $170.4 million. Across the 10 fiscal years shown, revenue grew from $218.6 million in fiscal 2015 to $1.5 billion in fiscal 2025, about 24.3% a year.
USD in millions, except per-share amounts and margins. The percent under a figure is the change from the year before.
| Line |
FY 2026
Jun 30, 2026
|
FY 2025
Sep 30, 2025
|
FY 2024
Sep 30, 2024
|
FY 2023
Sep 30, 2023
|
FY 2022
Sep 30, 2022
|
FY 2021
Sep 30, 2021
|
FY 2020
Sep 30, 2020
|
FY 2019
Sep 30, 2019
|
FY 2018
Dec 31, 2017
|
FY 2016
Dec 31, 2016
|
FY 2015
Dec 31, 2015
|
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
1,531
+2.0%
|
1,544
+5.8%
|
1,459
+14.4%
|
1,276
-16.0%
|
1,519
+14.6%
|
1,326
+42.3%
|
932
+117.6%
|
428
+274.6%
|
114
|
197
-9.7%
|
219
-8.2%
|
| Cost of revenue |
1,356
+13.2%
|
1,299
+12.9%
|
1,150
+1.5%
|
1,133
-5.2%
|
1,195
+9.0%
|
1,097
+34.8%
|
814
+124.3%
|
363
|
—
|
—
|
—
|
| Gross profit |
175
-42.3%
|
245
-20.6%
|
309
+116.4%
|
143
-55.9%
|
324
+41.4%
|
229
+94.1%
|
118
+80.0%
|
66
|
—
|
—
|
—
|
| Selling, general and administrative |
155
+7.9%
|
154
+30.3%
|
118
+21.3%
|
98
+4.4%
|
94
+36.8%
|
68
+49.7%
|
46
+58.1%
|
29
-48.9%
|
57
|
22
-20.8%
|
27
+22.6%
|
| Operating income |
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
40
|
140
+486.2%
|
24
-66.1%
|
| Pretax income |
227
+5.5%
|
219
-18.8%
|
270
+21.9%
|
222
-6.0%
|
236
+60.8%
|
147
+87.7%
|
78
+70.9%
|
46
-12.3%
|
52
|
92
+938.8%
|
9
-84.6%
|
| Income tax |
56
+7.5%
|
51
-22.9%
|
67
+21.9%
|
55
-4.0%
|
57
+57.9%
|
36
+120.1%
|
16
+74.5%
|
9
-79.5%
|
46
|
15
-56.4%
|
35
+68.5%
|
| Net income |
170
+4.8%
|
168
-17.5%
|
203
+21.9%
|
167
-6.7%
|
179
+62.3%
|
110
+81.2%
|
61
+84.2%
|
33
-34.4%
|
50
|
59
+127.5%
|
-213
-1384.7%
|
| Basic EPS |
3.34
+4.4%
|
3.30
-18.1%
|
4.03
+20.7%
|
3.34
-7.0%
|
3.59
+59.6%
|
2.25
+78.6%
|
1.26
+59.5%
|
0.79
-33.6%
|
1.19
|
1.40
+122.5%
|
-6.22
-1736.8%
|
| Diluted EPS |
3.33
+4.5%
|
3.29
-17.8%
|
4.00
+20.1%
|
3.33
-7.2%
|
3.59
+59.6%
|
2.25
+78.6%
|
1.26
+59.5%
|
0.79
-33.6%
|
1.19
|
1.38
+122.2%
|
-6.22
-1736.8%
|
| Weighted average shares, basic |
51
+0.4%
|
51
+0.9%
|
50
+0.9%
|
50
+0.3%
|
50
+1.9%
|
49
+1.8%
|
48
+14.4%
|
42
-0.4%
|
42
|
35
+0.8%
|
34
-3.0%
|
| Weighted average shares, diluted |
51
+0.3%
|
51
+0.5%
|
51
+1.3%
|
50
+0.6%
|
50
+1.8%
|
49
+1.8%
|
48
+14.5%
|
42
-0.9%
|
42
|
42
+23.5%
|
34
-21.4%
|
| Other measures | |||||||||||
| Depreciation and amortization |
3
-3.0%
|
4
+16.7%
|
3
+0.0%
|
3
+11.1%
|
3
+0.0%
|
3
-44.9%
|
5
-26.9%
|
7
+21.8%
|
6
|
11
-74.6%
|
45
+8.1%
|
| EBITDA |
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
45
|
152
+119.9%
|
69
-38.5%
|
| Interest coverage |
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
4.68x
|
7.02x
|
0.70x
|
| Margins | |||||||||||
| Gross margin |
11.43%
|
15.89%
|
21.19%
|
11.20%
|
21.33%
|
17.29%
|
12.67%
|
15.32%
|
—
|
—
|
—
|
| Operating margin |
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
34.78%
|
71.13%
|
10.95%
|
| Pretax margin |
14.80%
|
14.20%
|
18.51%
|
17.37%
|
15.52%
|
11.06%
|
8.38%
|
10.67%
|
45.57%
|
46.80%
|
4.07%
|
| Profit margin |
11.13%
|
10.87%
|
13.94%
|
13.08%
|
11.77%
|
8.31%
|
6.53%
|
7.70%
|
44.00%
|
29.72%
|
-97.47%
|
| EBITDA margin |
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
39.59%
|
76.93%
|
31.58%
|
| Effective tax rate |
24.71%
|
23.44%
|
24.69%
|
24.68%
|
24.17%
|
24.62%
|
21.00%
|
20.57%
|
87.91%
|
16.57%
|
395.17%
|
How these figures are calculated
Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except per-share amounts and margins. Weighted average shares are in millions. Interest expense and finance costs are positive costs. A negative amount on a gain (loss) or income (expense) line is a loss or an expense. EBITDA is operating income plus depreciation and amortization. Interest coverage is operating income divided by interest expense. The first column is the trailing twelve months through the latest quarter. More on our methodology.
New to this? Read How to Read an Income Statement, With a Real Example.
Company profile
- Industry
- Real Estate (SIC 6500)
- Listed as
- FOR (NYSE)
- Fiscal year ends
- September 30
- Incorporated in
- DE
- Headquarters
- Arlington, TX
- SEC filer status
- Accelerated filer
- SEC CIK
- 1406587
- Former names
- Forestar Real Estate Group Inc. (until Nov 14, 2008); Forestar Real Estate Group LLC (until Oct 24, 2007)
Other Real Estate companies
Source: SEC EDGAR filings. This is company-reported data, not investment advice.