Filing Flows › Forestar Group (FOR) › Q3 FY26
Forestar Group (FOR) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Jul 22, 2026
Forestar Group (FOR) reported revenue of $407M for the third quarter fiscal 2026 (Q3 FY26), +4% from a year earlier and +9% from the quarter before. Operating margin was 12.0%, net earnings $36.0M (8.8% of revenue).
Forestar Group, Q3 FY26: revenue $407M (+4% year over year), operating margin 12.0%, net earnings $36.0M, operating cash flow $32.7M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $407M | +9% | +4% |
| Operating profit | $48.7M | +11% | +12% |
| Net earnings | $36.0M | +12% | +9% |
| Operating cash flow | $32.7M | -78% | +107% |
What changed
Revenue was $407.0M in Q3 FY26, up 4% year over year and up 9% from the previous quarter.
Operating profit was $48.7M, a 12.0% margin (up 0.8 points year over year). Of the extra revenue versus Q3 FY25, 31% reached operating profit, above the 11% margin then. Total costs grew 3% against revenue growth of 4%. Net earnings were $35.9M, up 9% year over year. The effective tax rate was 26.1%.
Operating cash flow was $32.7M (up 107% year over year), 91% of net earnings. Non-cash charges added back $700K of depreciation and amortization and $1.9M of share-based compensation. Working capital and other items used $5.9M. Capital expenditures of $253.4M exceeded it, leaving free cash flow of −$220.7M.
Questions
What was Forestar Group's revenue in the third quarter fiscal 2026?
Forestar Group (FOR) reported revenue of $407M for the third quarter fiscal 2026 (Q3 FY26), +4% from a year earlier and +9% from the quarter before.
Was Forestar Group profitable in the third quarter fiscal 2026?
Operating profit was $48.7M (12.0% of revenue) and net earnings $36.0M.
Source: Forestar Group 10-Q on SEC EDGAR.