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How Forestar Group (FOR) makes money
Forestar Group (FOR) made $581M of revenue in the fourth quarter fiscal 2026 (Q4 FY26), -13% from a year earlier. Development projects brought in $540M (93%); Tract sales and other brought in $38.7M (7%); Lot banking projects brought in $2.0M (0%). Of every dollar of revenue, 14¢ was left as operating profit, 10¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q4 FY26
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Development projects | $540M | 93.0% | — | -1% |
| Tract sales and other | $38.7M | 6.7% | — | -63% |
| Lot banking projects | $2.0M | 0.3% | — | -90% |
Where each dollar of revenue goes
| Line | Q4 FY26 | % of revenue |
|---|---|---|
| Revenue | $581M | 100.0% |
| Operating profit | $78.6M | 13.5% |
| Income tax | $19.2M | 3.3% |
| Net earnings | $59.4M | 10.2% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q4 FY26 | $581M | -13% |
| Q3 FY26 | $407M | +4% |
| Q2 FY26 | $374M | +7% |
| Q1 FY26 | $273M | +9% |
| Q4 FY25 | $670M | +22% |
| Q3 FY25 | $390M | +23% |
| Q2 FY25 | $351M | +5% |
From Forestar Group's 8-K filed Oct 29, 2026 (on EDGAR).
Questions
How does Forestar Group make money?
Forestar Group (FOR) made $581M of revenue in the fourth quarter fiscal 2026 (Q4 FY26), -13% from a year earlier. Development projects brought in $540M (93%); Tract sales and other brought in $38.7M (7%); Lot banking projects brought in $2.0M (0%). Of every dollar of revenue, 14¢ was left as operating profit, 10¢ was left as net earnings.
What is Forestar Group's biggest business?
Development projects: $540M in the fourth quarter fiscal 2026, 93% of revenue, -1% from a year earlier.
What is Forestar Group's profit margin?
Net earnings were $59.4M, 10.2% of revenue, in the fourth quarter fiscal 2026; the operating margin was 13.5%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.