Filing Flows › Real Estate › Forestar Group (FOR)
Forestar Group (FOR) earnings and revenue breakdown
Latest: Q4 FY26 · 8-K filed Oct 29, 2026
Q4 FY26 Revenue down 13% year over year to $581M · 10¢ of every $1 of revenue kept as net profit · operating margin 13.5%
Forestar Group made $581M in Q4 FY26 (-13% Y/Y): Development projects $540M, Tract sales and other $38.7M, Lot banking projects $2.0M. Operating margin 13.5%, net earnings $59.4M. See where every dollar goes — costs, profit and cash — as a Sankey from the 8-K filed Oct 29, 2026 (preliminary, from the earnings release).
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What changed this quarter
Revenue was $580.8M in Q4 FY26, down 13% year over year and up 43% from the previous quarter. Development projects was the largest line at 93% of revenue. Tract sales and other lost $64.7M year over year (down 63%), 72% of the total change.
Operating profit was $78.6M, a 13.5% margin (down 3.3 points year over year). Total costs fell 10% while revenue fell 13%. Net earnings were $59.2M, down 32% year over year. The effective tax rate was 24.4%.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q4 FY26 | 8-K | Oct 29, 2026 | $581M | -13% | 13.5% | $59.4M | — |
| Q3 FY26 | 10-Q | Jul 22, 2026 | $407M | +4% | 12.0% | $36.0M | $32.7M |
| Q2 FY26 | 10-Q | Apr 23, 2026 | $374M | +7% | 11.7% | $32.2M | $152M |
| Q1 FY26 | 10-Q | Jan 22, 2026 | $273M | +9% | 7.6% | $15.4M | −$157M |
| Q4 FY25 | 10-K | Nov 19, 2025 | $670M | +22% | 16.9% | $86.9M | $256M |
| Q3 FY25 | 10-Q | Jul 23, 2025 | $390M | +23% | 11.2% | $32.9M | $15.8M |
| Q2 FY25 | 10-Q | Apr 22, 2025 | $351M | +5% | 11.6% | $31.6M | −$19.8M |
Charts
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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Customers and suppliers named in filings
Sells to
- D.R. Horton, Inc · Stated in 10-K (XBRL) · source
- DHI · Stated in 10-K (named, share not stated) · source
About Forestar Group
Forestar Group Inc. is a national, well-capitalized residential lot development company focused primarily on making investments in land acquisition and development to sell finished single-family residential lots to homebuilders. Our common stock is listed on the New York Stock Exchange (NYSE) and the NYSE Texas under the ticker symbol "FOR." The listing and trading of the Common Stock on the NYSE Texas commenced on July 1, 2025. The terms "Forestar," the "Company," "we" and "our" used herein refer to Forestar Group Inc., a Delaware corporation, and its predecessors and subsidiaries.
In its own words, from its 10-K, filed Nov 19, 2025.
Forestar Group against its Real Estate peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -13% against the peers' median +8%. Operating margin: 13.5% against the peers' median 15.9%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| FOR Forestar Group | Q4 FY26 | $581M | -13% | 13.5% |
| CBRE CBRE Group | Q3 2026 | $11.5B | +13% | 4.9% |
| CWK Cushman & Wakefield | Q3 2026 | $2.8B | +8% | 4.6% |
| Prologis, L.P. | Q3 2026 | $2.4B | +8% | 43.8% |
| Digital Realty Trust, L.P. | Q3 2026 | $1.9B | +21% | 15.9% |
| Regency Centers LP | Q3 2026 | $419M | +8% | 72.3% |
| Tiaa Real Estate Account | Q3 2026 | $303M | -0.8% | 298.8% |
| MRP Millrose Properties | Q3 2026 | $211M | +18% | 85.5% |
| HPP Hudson Pacific Properties | Q2 2026 | $188M | -0.9% | -55.4% |
Source: Forestar Group 8-K on SEC EDGAR · CIK 1406587 · Real Estate
13F: who owns FOR and who is buying
More on FOR
History
Every quarter: Q4 FY26 results · Q3 FY26 results · Q2 FY26 results · Q1 FY26 results · Q4 FY25 results · Q3 FY25 results · Q2 FY25 results