Symbols / FOR Stock $28.12 +0.61% Forestar Group Inc.

Real Estate • Real Estate - Development • United States • NYQ
FOR (Stock) Chart
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Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Real Estate
Industry Real Estate - Development
CEO Mr. Anthony W. Oxley
Exch · Country NYQ · United States
Market Cap 1.43B
Enterprise Value 1.23B
Income 167.30M
Sales 1.71B
FCF (ttm) 176.88M
Book/sh 35.10
Cash/sh 6.25
Employees 433
Insider 10d —
IPO Dec 13, 2007
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 0.00%
P/E 8.57
Forward P/E 8.57
PEG 4.90
P/S 0.84
P/B 0.80
P/C —
EV/EBITDA 5.75
EV/Sales 0.72
Quick Ratio 1.73
Current Ratio 1.91
Debt/Eq 16.56
LT Debt/Eq —
EPS (ttm) 3.28
EPS next Y 3.28
EPS Growth 22.30%
Revenue Growth -3.00%
EPS Gr Q/Q 21.40%
Rev Gr Q/Q —
Earnings (next) 2026-07-21
Earnings (prior) 2026-04-21
ROA 4.23%
ROE 9.67%
ROIC —
Gross Margin 21.34%
Oper. Margin 4.68%
Profit Margin 9.79%
Shs Outstand 51.01M
Shs Float 19.26M
Insider Own 62.26%
Instit Own 36.23%
Short Float 2.61%
Short Ratio 3.78
Short Interest 503.58K
52W High 30.74
vs 52W High -8.52%
52W Low 18.50
vs 52W Low 52.00%
Beta 1.45
Impl. Vol. 31.91%
Rel Volume 0.99
Avg Volume 154.29K
Volume 153.13K
Target (mean) $33.00
Tgt Median $34.00
Tgt Low $26.00
Tgt High $38.00
# Analysts 4
Recom Buy
Prev Close $27.95
Price $28.12
Change 0.61%
About

Forestar Group Inc. operates as a residential lot development company in the United States. It acquires land and develops infrastructure for single-family residential communities. The company sells its residential single-family finished lots to local, regional, and national homebuilders. Forestar Group Inc. was incorporated in 2005 and is headquartered in Arlington, Texas. Forestar Group Inc. operates as a subsidiary of D.R. Horton, Inc.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$33.00
Mean price target
2. Current target
$28.12
Latest analyst target
3. DCF / Fair value
$62.42
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$28.12
Low
$26.00
High
$38.00
Mean
$33.00

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-01-28 main Citigroup Buy → Buy $38
2025-11-04 main JP Morgan Neutral → Neutral $25
2025-10-30 main Citigroup Buy → Buy $36
2025-10-29 main Citizens Market Outperform → Market Outperform $35
2025-07-15 init JMP Securities — → Market Outperform $30
2025-04-21 main BTIG Buy → Buy $29
2025-01-28 main JP Morgan Neutral → Neutral $30
2025-01-23 main Citigroup Buy → Buy $32
2025-01-06 main Citigroup Buy → Buy $39
2024-11-08 main JP Morgan Neutral → Neutral $37
2024-10-30 main BTIG Buy → Buy $40
2024-07-25 main JP Morgan Neutral → Neutral $36
2024-07-19 main BTIG Buy → Buy $37
2024-07-02 main Citigroup Buy → Buy $43
2024-05-17 main Citigroup Buy → Buy $46
2023-12-01 main JP Morgan Neutral → Neutral $34
2023-07-24 main Citigroup Buy → Buy $32
2023-07-21 up BTIG Neutral → Buy $32
2023-07-06 main Citigroup Buy → Buy $30
2023-07-05 main Citigroup Buy → Buy $30
News
RSS: Latest FOR news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-03-31 ALLEN JAMES DOUGLAS Chief Financial Officer — 4,505 — —
2026-03-31 WALKER MARK STEPHEN Chief Operating Officer — 2,815 — —
2026-03-27 ALLEN JAMES DOUGLAS Chief Financial Officer — 1,991 — —
2026-03-27 JAMIESON LISA H. Director — 402 — —
2026-03-27 WALKER MARK STEPHEN Chief Operating Officer — 1,991 — —
2026-03-27 TOMNITZ DONALD JOSEPH Officer and Director — 4,977 — —
2026-03-27 FULLER SAMUEL R Director — 402 — —
2026-03-27 PARMER ELIZABETH Director — 402 — —
2026-03-27 OXLEY ANTHONY W. Chief Executive Officer — 4,977 — —
2026-03-20 ALLEN JAMES DOUGLAS Chief Financial Officer — 5,420 — —
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-09-30 2024-09-30 2023-09-30 2022-09-30
Total Revenue
1,662.40
+10.14%
1,509.40
+5.05%
1,436.90
-5.41%
1,519.10
Operating Revenue
1,662.40
+10.14%
1,509.40
+5.05%
1,436.90
-5.41%
1,519.10
Cost Of Revenue
1,298.90
+12.94%
1,150.10
+1.53%
1,132.80
-5.21%
1,195.10
Reconciled Cost Of Revenue
1,298.90
+12.94%
1,150.10
+1.53%
1,132.80
-5.21%
1,195.10
Gross Profit
363.50
+1.17%
359.30
+18.15%
304.10
-6.14%
324.00
Operating Expense
154.40
+30.30%
118.50
+21.29%
97.70
+4.38%
93.60
Selling General And Administration
154.40
+30.30%
118.50
+21.29%
97.70
+4.38%
93.60
Total Expenses
1,453.30
+14.56%
1,268.60
+3.10%
1,230.50
-4.52%
1,288.70
Operating Income
209.10
-13.16%
240.80
+16.67%
206.40
-10.42%
230.40
EBITDA
212.60
-12.80%
243.80
+16.43%
209.40
-10.17%
233.10
Normalized EBITDA
209.30
-10.67%
234.30
+12.75%
207.80
-9.61%
229.90
Reconciled Depreciation
3.50
+16.67%
3.00
+0.00%
3.00
+11.11%
2.70
EBIT
209.10
-13.16%
240.80
+16.67%
206.40
-10.42%
230.40
Total Unusual Items
3.30
-65.26%
9.50
+493.75%
1.60
-50.00%
3.20
Total Unusual Items Excluding Goodwill
3.30
-65.26%
9.50
+493.75%
1.60
-50.00%
3.20
Special Income Charges
3.30
-65.26%
9.50
+493.75%
1.60
-50.00%
3.20
Other Special Charges
1.20
—
—
—
Net Income
167.90
-17.45%
203.40
+21.87%
166.90
-6.66%
178.80
Pretax Income
219.30
-18.81%
270.10
+21.89%
221.60
-6.02%
235.80
Net Interest Income
6.30
-68.18%
19.80
+45.59%
13.60
+1260.00%
1.00
Interest Income Non Operating
6.30
-68.18%
19.80
+45.59%
13.60
+1260.00%
1.00
Interest Income
6.30
-68.18%
19.80
+45.59%
13.60
+1260.00%
1.00
Other Income Expense
3.90
-58.95%
9.50
+493.75%
1.60
-63.64%
4.40
Tax Provision
51.40
-22.94%
66.70
+21.94%
54.70
-4.04%
57.00
Tax Rate For Calcs
0.00
-5.26%
0.00
+0.00%
0.00
+2.07%
0.00
Tax Effect Of Unusual Items
0.77
-67.09%
2.35
+493.75%
0.40
-48.97%
0.77
Net Income Including Noncontrolling Interests
167.90
-17.45%
203.40
+21.87%
166.90
-6.66%
178.80
Net Income From Continuing Operation Net Minority Interest
167.90
-17.45%
203.40
+21.87%
166.90
-6.66%
178.80
Net Income From Continuing And Discontinued Operation
167.90
-17.45%
203.40
+21.87%
166.90
-6.66%
178.80
Net Income Continuous Operations
167.90
-17.45%
203.40
+21.87%
166.90
-6.66%
178.80
Minority Interests
—
—
0.00
0.00
Normalized Income
165.37
-15.73%
196.25
+18.44%
165.70
-6.05%
176.37
Net Income Common Stockholders
167.90
-17.45%
203.40
+21.87%
166.90
-6.66%
178.80
Diluted EPS
3.29
-17.75%
4.00
+20.12%
3.33
-7.24%
3.59
Basic EPS
3.30
-18.11%
4.03
+20.66%
3.34
-6.96%
3.59
Basic Average Shares
50.87
+0.94%
50.40
+0.80%
50.00
+0.40%
49.80
Diluted Average Shares
51.06
+0.51%
50.80
+1.40%
50.10
+0.60%
49.80
Diluted NI Availto Com Stockholders
167.90
-17.45%
203.40
+21.87%
166.90
-6.66%
178.80
Earnings From Equity Interest
0.60
0.00
0.00
-100.00%
1.20
Gain On Sale Of PPE
4.50
-52.63%
9.50
+493.75%
1.60
-50.00%
3.20
Line Item Trend 2023-09-30
Total Assets
2,470.70
Current Assets
657.40
Cash Cash Equivalents And Short Term Investments
616.00
Cash And Cash Equivalents
616.00
Receivables
25.70
Accounts Receivable
25.70
Other Receivables
—
Taxes Receivable
—
Prepaid Assets
15.70
Total Non Current Assets
1,813.30
Net PPE
20.50
Gross PPE
23.20
Accumulated Depreciation
-2.70
Properties
0.00
Construction In Progress
7.00
Other Properties
14.60
Leases
1.60
Investments And Advances
0.50
Long Term Equity Investment
0.50
Non Current Prepaid Assets
—
Other Non Current Assets
2.00
Total Liabilities Net Minority Interest
1,100.80
Current Liabilities
343.30
Payables And Accrued Expenses
196.60
Payables
80.70
Accounts Payable
68.40
Current Accrued Expenses
115.90
Employee Benefits
—
Pensionand Other Post Retirement Benefit Plans Current
11.20
Total Tax Payable
12.30
Income Tax Payable
4.40
Current Deferred Liabilities
135.50
Current Deferred Revenue
135.50
Other Current Liabilities
—
Total Non Current Liabilities Net Minority Interest
757.50
Long Term Debt And Capital Lease Obligation
703.10
Long Term Debt
695.00
Long Term Capital Lease Obligation
8.10
Non Current Deferred Liabilities
50.70
Non Current Deferred Taxes Liabilities
50.70
Other Non Current Liabilities
3.70
Stockholders Equity
1,368.90
Common Stock Equity
1,368.90
Capital Stock
49.90
Common Stock
49.90
Share Issued
49.90
Ordinary Shares Number
49.90
Treasury Shares Number
0.00
Additional Paid In Capital
644.20
Retained Earnings
674.80
Minority Interest
1.00
Total Equity Gross Minority Interest
1,369.90
Total Capitalization
2,063.90
Working Capital
314.10
Invested Capital
2,063.90
Total Debt
703.10
Net Debt
79.00
Capital Lease Obligations
8.10
Net Tangible Assets
1,368.90
Tangible Book Value
1,368.90
Interest Payable
7.00
Investment Properties
1,790.30
Investments In Other Ventures Under Equity Method
0.50
Notes Receivable
—
Line Item Trend 2025-09-30 2024-09-30 2023-09-30 2022-09-30
Operating Cash Flow
-197.70
-24.81%
-158.40
-143.50%
364.10
+234.96%
108.70
Cash Flow From Continuing Operating Activities
-197.70
-24.81%
-158.40
-143.50%
364.10
+234.96%
108.70
Net Income From Continuing Operations
167.90
-17.45%
203.40
+21.87%
166.90
-6.66%
178.80
Depreciation Amortization Depletion
3.50
+16.67%
3.00
+0.00%
3.00
+11.11%
2.70
Depreciation And Amortization
3.50
+16.67%
3.00
+0.00%
3.00
+11.11%
2.70
Other Non Cash Items
—
—
—
—
Stock Based Compensation
7.30
+37.74%
5.30
+23.26%
4.30
+30.30%
3.30
Asset Impairment Charge
7.20
+75.61%
4.10
-82.92%
24.00
+92.00%
12.50
Deferred Income Tax
18.70
+11.31%
16.80
+21.74%
13.80
+10.40%
12.50
Operating Gains Losses
-3.90
+58.95%
-9.50
-493.75%
-1.60
+63.64%
-4.40
Change In Working Capital
-398.40
-4.43%
-381.50
-348.21%
153.70
+258.95%
-96.70
Change In Receivables
—
—
0.00
0.00
Change In Payables And Accrued Expense
-27.20
-141.72%
65.20
+311.00%
-30.90
-152.64%
58.70
Change In Accrued Expense
-12.80
-131.60%
40.50
+322.53%
-18.20
-202.25%
17.80
Change In Payable
-14.40
-158.30%
24.70
+294.49%
-12.70
-131.05%
40.90
Change In Account Payable
-14.40
-158.30%
24.70
+294.49%
-12.70
-131.05%
40.90
Change In Other Working Capital
21.00
-58.74%
50.90
+446.26%
-14.70
-27.83%
-11.50
Change In Other Current Assets
-392.20
+21.18%
-497.60
-349.67%
199.30
+238.50%
-143.90
Investing Cash Flow
3.20
-56.16%
7.30
+2333.33%
0.30
-76.92%
1.30
Cash Flow From Continuing Investing Activities
3.20
-56.16%
7.30
+2333.33%
0.30
-76.92%
1.30
Capital Expenditure
-2.20
+0.00%
-2.20
-69.23%
-1.30
+62.86%
-3.50
Capital Expenditure Reported
-2.20
+0.00%
-2.20
-69.23%
-1.30
+62.86%
-3.50
Net Business Purchase And Sale
0.90
0.00
0.00
-100.00%
1.60
Net Other Investing Changes
4.50
-52.63%
9.50
+493.75%
1.60
-50.00%
3.20
Financing Cash Flow
92.50
+467.48%
16.30
+223.48%
-13.20
-1200.00%
1.20
Cash Flow From Continuing Financing Activities
92.50
+467.48%
16.30
+223.48%
-13.20
-1200.00%
1.20
Net Issuance Payments Of Debt
100.00
0.00
+100.00%
-12.50
0.00
Issuance Of Debt
780.00
0.00
0.00
0.00
Repayment Of Debt
-680.00
0.00
+100.00%
-12.50
0.00
Long Term Debt Issuance
780.00
0.00
0.00
0.00
Long Term Debt Payments
-680.00
0.00
+100.00%
-12.50
0.00
Net Long Term Debt Issuance
100.00
0.00
+100.00%
-12.50
0.00
Net Common Stock Issuance
-1.80
-111.04%
16.30
+2428.57%
-0.70
-158.33%
1.20
Common Stock Payments
-1.80
+47.06%
-3.40
-385.71%
-0.70
-40.00%
-0.50
Repurchase Of Capital Stock
-1.80
+47.06%
-3.40
-385.71%
-0.70
-40.00%
-0.50
Proceeds From Stock Option Exercised
0.50
0.00
0.00
—
Net Other Financing Charges
-6.20
—
—
—
Changes In Cash
-102.00
+24.33%
-134.80
-138.38%
351.20
+215.83%
111.20
Beginning Cash Position
481.20
-21.88%
616.00
+132.63%
264.80
+72.40%
153.60
End Cash Position
379.20
-21.20%
481.20
-21.88%
616.00
+132.63%
264.80
Free Cash Flow
-199.90
-24.47%
-160.60
-144.27%
362.80
+244.87%
105.20
Income Tax Paid Supplemental Data
30.80
-32.60%
45.70
+2.24%
44.70
+5.42%
42.40
Common Stock Issuance
0.00
-100.00%
19.70
0.00
-100.00%
1.70
Dividend Received CFO
—
—
—
—
Earnings Losses From Equity Investments
-0.60
0.00
0.00
+100.00%
-1.20
Issuance Of Capital Stock
0.00
-100.00%
19.70
0.00
-100.00%
1.70
Sale Of Business
0.90
0.00
0.00
-100.00%
1.60
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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