Filing Flows › Forestar Group (FOR) › Q3 FY25
Forestar Group (FOR) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed Jul 23, 2025
Forestar Group (FOR) reported revenue of $390M for the third quarter fiscal 2025 (Q3 FY25), +23% from a year earlier and +11% from the quarter before. Operating margin was 11.2%, net earnings $32.9M (8.4% of revenue).
Forestar Group, Q3 FY25: revenue $390M (+23% year over year), operating margin 11.2%, net earnings $32.9M, operating cash flow $15.8M. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $390M | +11% | +23% |
| Operating profit | $43.6M | +7% | -16% |
| Net earnings | $32.9M | +4% | -15% |
| Operating cash flow | $15.8M | — | — |
What changed
Revenue was $390.5M in Q3 FY25, up 23% year over year and up 11% from the previous quarter.
Operating profit was $43.6M, a 11.2% margin (down 5.0 points year over year). Operating profit fell $8.0M even though revenue rose $72.1M versus a year earlier, so costs grew faster than sales. Total costs grew 30% against revenue growth of 23%. Net earnings were $32.9M, down 15% year over year. The effective tax rate was 24.5%.
Operating cash flow was $15.8M, 48% of net earnings. Non-cash charges added back $800K of depreciation and amortization and $1.5M of share-based compensation. Working capital and other items used $19.4M. Capital expenditures of $300.1M exceeded it, leaving free cash flow of −$284.3M.
Questions
What was Forestar Group's revenue in the third quarter fiscal 2025?
Forestar Group (FOR) reported revenue of $390M for the third quarter fiscal 2025 (Q3 FY25), +23% from a year earlier and +11% from the quarter before.
Was Forestar Group profitable in the third quarter fiscal 2025?
Operating profit was $43.6M (11.2% of revenue) and net earnings $32.9M.
Source: Forestar Group 10-Q on SEC EDGAR.