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Forestar Group Inc.

FORReal EstateNASDAQ

Real Estate - Development · Last scanned May 28, 2026

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Financials · Annual
Revenue
$1.66B
+10.1% YoY
Net Income
$167.9M
-17.5% YoY
EBITDA
$212.6M
-12.8% YoY
Free Cash Flow
$176.9M

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About Forestar Group Inc.

Forestar Group Inc. operates as a residential lot development company in the United States. The company carries a $1.40B market cap, placing it firmly in the small-cap category. It acquires land and develops infrastructure for single-family residential communities.

Key stats
Market Cap$1.40B
P/E (TTM)8.36
Fwd P/E8.58
EPS$3.28
Beta1.45
52W Change+43.2%
ROE9.7%
Analysis

Forestar Group Inc. holds $318.8M in cash against $111.7M in total debt, giving it a net cash position. This means the company could theoretically pay off all its debt and still have cash remaining. Free cash flow comes in at $176.9M, providing flexibility for reinvestment, buybacks, or dividends. Consistent free cash flow generation is often considered a sign of operational health. ROE of 9.7% points to decent capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. ROA of 4.2% is on the lower side, which is common in asset-heavy industries. Revenue has been relatively flat, moving from $1.52B (2022) to $1.66B (2025).

With cash comfortably exceeding debt, FOR has financial flexibility that may help navigate uncertain periods. These risk factors are not exhaustive — macroeconomic shifts, regulatory changes, and competitive dynamics can all influence Forestar Group Inc.'s trajectory.

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