Filing Flows › Forestar Group (FOR) › Q4 FY25
Forestar Group (FOR) Q4 FY25 earnings results (fourth quarter fiscal 2025)
10-K filed Nov 19, 2025
Forestar Group (FOR) reported revenue of $670M for the fourth quarter fiscal 2025 (Q4 FY25), +22% from a year earlier and +72% from the quarter before. Operating margin was 16.9%, net earnings $86.9M (13.0% of revenue).
Forestar Group, Q4 FY25: revenue $670M (+22% year over year), operating margin 16.9%, net earnings $86.9M, operating cash flow $256M. The chart follows the revenue to costs, profit and cash.
| Q4 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $670M | +72% | +22% |
| Operating profit | $113M | +159% | +4% |
| Net earnings | $86.9M | +164% | +6% |
| Operating cash flow | $256M | 16× | +115% |
| Free cash flow | $20.6M | — | — |
What changed
Revenue was $670.5M in Q4 FY25, up 22% year over year and up 72% from the previous quarter.
Operating profit was $113.1M, a 16.9% margin (down 2.8 points year over year). Of the extra revenue versus a year earlier, 4% reached operating profit, below the 20% margin then. Total costs grew 26% against revenue growth of 22%. Net earnings were $86.9M, up 6% year over year. The effective tax rate was 23.2%.
Operating cash flow was $256.3M (up 115% year over year), 295% of net earnings. Non-cash charges added back $900K of depreciation and amortization and $1.5M of share-based compensation. Working capital and other items added $167.0M. Capital expenditures of $235.7M left free cash flow of $20.6M.
Questions
What was Forestar Group's revenue in the fourth quarter fiscal 2025?
Forestar Group (FOR) reported revenue of $670M for the fourth quarter fiscal 2025 (Q4 FY25), +22% from a year earlier and +72% from the quarter before.
Was Forestar Group profitable in the fourth quarter fiscal 2025?
Operating profit was $113M (16.9% of revenue) and net earnings $86.9M.
Source: Forestar Group 10-K on SEC EDGAR.