Filing Flows › Forestar Group (FOR) › Q2 FY25
Forestar Group (FOR) Q2 FY25 earnings results (second quarter fiscal 2025)
10-Q filed Apr 22, 2025
Forestar Group (FOR) reported revenue of $351M for the second quarter fiscal 2025 (Q2 FY25), +5% from a year earlier and +40% from the quarter before. Operating margin was 11.6%, net earnings $31.6M (9.0% of revenue).
Forestar Group, Q2 FY25: revenue $351M (+5% year over year), operating margin 11.6%, net earnings $31.6M, operating cash flow −$19.8M. The chart follows the revenue to costs, profit and cash.
| Q2 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $351M | +40% | +5% |
| Operating profit | $40.7M | +86% | -31% |
| Net earnings | $31.6M | +92% | -30% |
| Operating cash flow | −$19.8M | — | — |
What changed
Revenue was $351.0M in Q2 FY25, up 5% year over year and up 40% from the previous quarter.
Operating profit was $40.7M, a 11.6% margin (down 6.0 points year over year). Operating profit fell $18.2M even though revenue rose $17.2M versus a year earlier, so costs grew faster than sales. Total costs grew 13% against revenue growth of 5%. Net earnings were $31.6M, down 30% year over year. The effective tax rate was 22.4%.
Operating cash flow was −$19.8M. Non-cash charges added back $1.0M of depreciation and amortization and $1.7M of share-based compensation. Working capital and other items used $54.1M. Capital expenditures of $267.2M exceeded it, leaving free cash flow of −$287.0M.
Questions
What was Forestar Group's revenue in the second quarter fiscal 2025?
Forestar Group (FOR) reported revenue of $351M for the second quarter fiscal 2025 (Q2 FY25), +5% from a year earlier and +40% from the quarter before.
Was Forestar Group profitable in the second quarter fiscal 2025?
Operating profit was $40.7M (11.6% of revenue) and net earnings $31.6M.
Source: Forestar Group 10-Q on SEC EDGAR.