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Forestar Group (FOR) Financials

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$19.61 +0.22 (+1.13%)
As of 03:58 PM Eastern
Annual Income Statements for Forestar Group

Annual Income Statements for Forestar Group

This table shows Forestar Group's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2014 2015 2016 2017 2019 2020 2021 2022 2023 2024
Net Income / (Loss) Attributable to Common Shareholders
17 -213 59 50 33 61 110 179 167 203
Consolidated Net Income / (Loss)
17 -212 60 52 36 62 111 179 167 203
Net Income / (Loss) Continuing Operations
37 -26 77 6.30 36 62 111 179 167 203
Total Pre-Tax Income
58 8.89 92 52 46 78 147 236 222 270
Total Revenue
237 186 344 219 437 937 1,330 1,523 1,452 1,539
Net Interest Income / (Expense)
-30 -34 -20 -8.50 5.50 4.90 1.20 1.00 14 20
Total Interest Income
0.00 0.00 0.00 0.00 5.50 4.90 1.20 1.00 14 20
Investment Securities Interest Income
- - - - 5.50 4.90 1.20 1.00 14 20
Total Interest Expense
30 34 20 8.50 0.00 0.00 0.00 0.00 0.00 0.00
Total Non-Interest Income
268 220 364 228 431 932 1,328 1,522 1,439 1,519
Net Realized & Unrealized Capital Gains on Investments
30 1.59 167 113 3.00 0.10 2.50 3.20 1.60 9.50
Other Non-Interest Income
229 212 195 114 428 932 1,326 1,519 1,437 1,509
Total Non-Interest Expense
197 196 260 189 392 859 1,183 1,289 1,231 1,269
Other Operating Expenses
160 135 224 188 392 859 1,165 1,289 1,231 1,269
Nonoperating Income / (Expense), net
17 19 7.84 21 0.50 0.70 0.20 1.20 - 0.00
Income Tax Expense
21 35 15 46 9.40 16 36 57 55 67
Basic Earnings per Share
$0.38 ($6.22) $1.40 $1.19 $0.79 $1.26 $2.25 $3.59 $3.34 $4.03
Weighted Average Basic Shares Outstanding
35.32M 34.27M 34.55M 42.14M 41.97M 48.04M 48.90M 49.82M 49.99M 50.43M
Diluted Earnings per Share
$0.38 ($6.22) $1.38 $1.19 $0.79 $1.26 $2.25 $3.59 $3.33 $4.00
Weighted Average Diluted Shares Outstanding
43.60M 34.27M 42.33M 42.38M 42.01M 48.09M 48.98M 49.85M 50.12M 50.79M
Weighted Average Basic & Diluted Shares Outstanding
33.62M 33.91M 41.90M 42.20M 48.01M 48.07M 49.59M 49.77M 49.91M 50.67M

Quarterly Income Statements for Forestar Group

This table shows Forestar Group's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Net Income / (Loss) Attributable to Common Shareholders
40 51 21 27 47 72 38 45 39 82 17
Consolidated Net Income / (Loss)
40 51 21 27 47 72 38 45 39 82 17
Net Income / (Loss) Continuing Operations
40 51 21 27 47 72 38 45 39 82 17
Total Pre-Tax Income
53 66 28 36 62 95 51 59 52 108 22
Total Revenue
311 382 220 304 373 556 312 339 328 560 253
Net Interest Income / (Expense)
0.20 0.80 1.70 2.00 3.80 6.10 6.30 5.00 4.40 4.10 2.30
Total Interest Income
0.20 0.80 1.70 2.00 3.80 6.10 6.30 5.00 4.40 4.10 2.30
Investment Securities Interest Income
0.20 0.80 1.70 2.00 3.80 6.10 6.30 5.00 4.40 4.10 2.30
Total Interest Expense
0.00 - 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00
Total Non-Interest Income
311 381 218 302 369 550 306 334 323 556 250
Other Non-Interest Income
309 381 217 302 369 550 306 334 318 551 250
Total Non-Interest Expense
259 316 192 268 310 461 261 280 276 452 231
Other Operating Expenses
259 316 192 268 310 461 261 280 276 452 231
Nonoperating Income / (Expense), net
0.00 0.10 - - - - 0.00 - - - 0.60
Income Tax Expense
13 16 7.10 9.00 16 23 13 14 13 27 5.40
Basic Earnings per Share
$0.80 $1.02 $0.42 $0.54 $0.94 $1.44 $0.76 $0.90 $0.76 $1.61 $0.32
Weighted Average Basic Shares Outstanding
49.88M 49.82M 49.89M 49.94M 50.06M 49.99M 50.07M 50.15M 50.76M 50.43M 50.82M
Diluted Earnings per Share
$0.80 $1.02 $0.42 $0.54 $0.93 $1.44 $0.76 $0.89 $0.76 $1.59 $0.32
Weighted Average Diluted Shares Outstanding
49.89M 49.85M 49.90M 50.01M 50.18M 50.12M 50.46M 50.63M 51.06M 50.79M 51.09M
Weighted Average Basic & Diluted Shares Outstanding
49.76M 49.77M 49.77M 49.90M 49.90M 49.91M 49.91M 50.60M 50.65M 50.67M 50.68M

Annual Cash Flow Statements for Forestar Group

This table details how cash moves in and out of Forestar Group's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2014 2015 2016 2017 2019 2020 2021 2022 2023 2024
Net Change in Cash & Equivalents
-22 -74 170 97 48 12 -241 111 351 -135
Net Cash From Operating Activities
107 35 67 -15 -391 -168 -303 109 364 -158
Net Cash From Continuing Operating Activities
107 35 67 -22 -391 -168 -303 109 364 -158
Net Income / (Loss) Continuing Operations
17 -212 60 52 36 62 111 179 167 203
Consolidated Net Income / (Loss)
17 -212 60 52 36 62 111 179 167 203
Depreciation Expense
42 45 11 5.50 6.70 4.90 2.70 2.70 3.00 3.00
Non-Cash Adjustments to Reconcile Net Income
51 217 -0.95 -53 4.10 2.20 21 11 27 -0.10
Changes in Operating Assets and Liabilities, net
-3.15 -14 -3.53 -20 -438 -237 -437 -84 168 -365
Net Cash From Investing Activities
-130 -60 421 135 -0.80 5.00 1.00 1.30 0.30 7.30
Net Cash From Continuing Investing Activities
-130 -60 421 135 -0.80 5.00 1.00 1.30 0.30 7.30
Purchase of Property, Leasehold Improvements and Equipment
-102 -50 -0.58 -2.40 -0.90 -0.60 -1.60 -3.50 -1.30 -2.20
Sale and/or Maturity of Investments
24 30 434 142 0.10 5.60 2.60 4.80 1.60 9.50
Net Cash From Financing Activities
0.47 -48 -318 -23 440 175 61 1.20 -13 16
Net Cash From Continuing Financing Activities
0.47 -48 -318 -23 440 175 61 1.20 -13 16
Issuance of Common Equity
- 0.00 - 0.00 101 0.00 33 1.70 0.00 20
Repayment of Debt
-225 -58 -315 -10 -85 -119 -422 0.00 -13 0.00
Other Financing Activities, Net
-14 -1.73 -2.68 -16 -11 -6.20 -8.00 -0.50 -0.70 -3.40
Cash Income Taxes Paid
18 -4.08 10 -2.70 -1.70 -3.10 4.30 42 45 46

Quarterly Cash Flow Statements for Forestar Group

This table details how cash moves in and out of Forestar Group's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Net Change in Cash & Equivalents
-87 119 -48 70 114 215 -157 -43 -57 122 -349
Net Cash From Operating Activities
-87 119 -50 71 115 228 -157 -59 -62 119 -450
Net Cash From Continuing Operating Activities
-87 119 -50 71 115 228 -157 -59 -63 120 -450
Net Income / (Loss) Continuing Operations
40 51 21 27 47 72 38 45 39 82 17
Consolidated Net Income / (Loss)
40 51 21 27 47 72 38 45 39 82 17
Depreciation Expense
0.70 0.70 0.70 0.80 0.80 0.70 0.80 0.60 0.90 0.70 0.80
Non-Cash Adjustments to Reconcile Net Income
-0.90 5.90 1.40 22 1.80 1.30 1.10 2.30 -4.30 0.80 3.10
Changes in Operating Assets and Liabilities, net
-126 62 -73 21 66 154 -197 -107 -98 37 -470
Net Cash From Investing Activities
-0.60 -0.30 1.50 -0.20 -0.50 -0.50 -0.20 -0.60 4.50 3.60 0.90
Net Cash From Continuing Investing Activities
-0.60 -0.30 1.50 -0.20 -0.50 -0.50 -0.20 -0.60 4.50 3.60 0.90
Purchase of Property, Leasehold Improvements and Equipment
-0.70 -0.30 -0.10 -0.20 -0.50 -0.50 -0.20 -0.60 -0.60 -0.80 0.00
Sale and/or Maturity of Investments
0.10 - 1.60 - - - 0.00 - 5.10 4.40 0.90
Net Cash From Financing Activities
- -0.10 -0.10 -0.60 -0.10 -12 -0.20 17 0.20 -0.80 100
Net Cash From Continuing Financing Activities
- -0.10 -0.10 -0.60 -0.10 -12 -0.20 17 0.20 -0.80 100
Issuance of Debt
- - - - - - 0.00 - - - 100
Other Financing Activities, Net
- -0.10 -0.10 -0.60 -0.10 0.10 -0.20 -2.60 0.20 -0.80 -0.10

Annual Balance Sheets for Forestar Group

This table presents Forestar Group's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Total Assets
1,258 972 733 762 893 1,456 1,740 2,102 2,343 2,471 2,840
Cash and Due from Banks
170 96 266 323 319 383 394 154 265 616 481
Trading Account Securities
65 82 78 65 12 7.30 3.60 0.90 0.50 0.50 0.30
Loans and Leases, Net of Allowance
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Premises and Equipment, Net
851 597 296 132 500 1,031 1,311 1,908 2,028 1,796 2,273
Other Assets
106 152 56 201 47 34 31 39 50 58 85
Total Liabilities & Shareholders' Equity
1,258 972 733 762 893 1,456 1,740 2,102 2,343 2,471 2,840
Total Liabilities
548 468 171 156 219 647 868 1,086 1,144 1,101 1,245
Short-Term Debt
- - - - - - - 47 72 68 86
Other Short-Term Payables
- 17 8.93 11 58 96 79 57 70 61 68
Long-Term Debt
433 382 110 108 112 461 641 705 706 695 706
Other Long-Term Liabilities
102 56 40 23 - 90 148 277 295 276 384
Commitments & Contingencies
0.00 0.00 0.00 - - 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
710 504 562 606 675 809 872 1,016 1,199 1,370 1,595
Total Preferred & Common Equity
707 502 561 604 673 808 871 1,015 1,198 1,369 1,594
Total Common Equity
707 502 561 604 673 808 871 1,015 1,198 1,369 1,594
Common Stock
596 599 598 548 548 650 652 686 690 694 716
Retained Earnings
167 -46 13 56 125 158 219 329 508 675 878
Noncontrolling Interest
2.54 2.52 1.47 1.42 1.20 0.60 0.90 1.00 1.00 1.00 1.00

Quarterly Balance Sheets for Forestar Group

This table presents Forestar Group's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025
Total Assets
2,268 2,341 2,336 2,375 2,534 2,599 2,675 2,961
Cash and Due from Banks
146 216 287 401 459 416 359 132
Trading Account Securities
0.40 0.50 0.50 0.50 0.50 0.50 0.30 0.00
Loans and Leases, Net of Allowance
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Premises and Equipment, Net
2,060 2,073 1,994 1,915 2,016 2,122 2,245 2,744
Other Assets
61 51 56 59 59 60 70 85
Total Liabilities & Shareholders' Equity
2,268 2,341 2,336 2,375 2,534 2,599 2,675 2,961
Total Liabilities
1,120 1,121 1,088 1,079 1,125 1,126 1,162 1,347
Short-Term Debt
64 73 68 69 65 62 71 79
Other Short-Term Payables
68 61 48 54 63 56 56 56
Long-Term Debt
706 706 707 707 705 706 706 807
Other Long-Term Liabilities
283 281 265 249 291 303 329 405
Commitments & Contingencies
- 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
1,148 1,221 1,249 1,297 1,409 1,473 1,513 1,614
Total Preferred & Common Equity
1,147 1,220 1,248 1,296 1,408 1,472 1,512 1,613
Total Common Equity
1,147 1,220 1,248 1,296 1,408 1,472 1,512 1,613
Common Stock
690 691 692 693 695 714 715 718
Retained Earnings
457 529 556 602 713 758 797 895
Noncontrolling Interest
1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00

Annual Metrics and Ratios for Forestar Group

This table displays calculated financial ratios and metrics derived from Forestar Group's official financial filings.

Metric 2014 2015 2016 2017 2019 2020 2021 2022 2023 2024
Growth Metrics
- - - - - - - - - -
Revenue Growth
-24.92% -21.61% 84.89% -36.29% 0.00% 114.47% 41.92% 14.58% -4.67% 5.96%
EBITDA Growth
44.98% -57.36% 174.45% -62.27% 0.00% 58.57% 81.17% 59.15% -5.35% 21.59%
EBIT Growth
51.56% -125.14% 934.70% -63.67% 0.00% 71.24% 89.15% 60.25% -5.54% 21.89%
NOPAT Growth
16.52% 16.36% 135.92% -94.73% 0.00% 70.31% 80.47% 61.21% -6.18% 21.87%
Net Income Growth
-51.26% -1,342.81% 128.34% -13.09% 0.00% 69.97% 79.09% 61.81% -6.66% 21.87%
EPS Growth
-52.50% -1,736.84% 122.19% -13.77% 0.00% 59.49% 78.57% 59.56% -7.24% 20.12%
Operating Cash Flow Growth
20.62% -67.20% 91.17% -122.79% 0.00% 56.95% -79.99% 135.86% 234.96% -143.50%
Free Cash Flow Firm Growth
80.28% 751.68% -1.08% -113.35% 0.00% 0.00% 20.73% 77.99% 134.89% -556.76%
Invested Capital Growth
6.50% -22.48% -24.07% 6.18% 0.00% 19.18% 16.85% 11.86% 7.88% 11.91%
Revenue Q/Q Growth
-28.36% 79.97% 70.30% -42.38% 0.00% 12.98% 5.85% -2.52% 13.59% 0.26%
EBITDA Q/Q Growth
-8.09% 79.52% 20.09% -65.07% 0.00% 17.74% 22.21% 3.17% 14.88% 5.00%
EBIT Q/Q Growth
-22.27% 66.15% 36.94% -68.66% 0.00% 21.32% 22.82% 3.17% 15.12% 5.06%
NOPAT Q/Q Growth
-25.38% 242.73% 18.21% -94.05% 0.00% 19.23% 22.14% 3.68% 14.87% 4.68%
Net Income Q/Q Growth
-61.96% 2.93% 459.91% -53.26% 0.00% 23.40% 21.70% 3.89% 14.87% 4.68%
EPS Q/Q Growth
-61.62% -1.80% 7,000.00% -54.41% 0.00% 17.76% 20.32% 4.06% 14.43% 3.90%
Operating Cash Flow Q/Q Growth
33.72% -36.89% -16.04% -139.91% 0.00% -14.71% 0.07% 298.17% 42.73% -218.71%
Free Cash Flow Firm Q/Q Growth
80.44% 36.49% -24.12% 30.89% 0.00% 0.00% -49.55% 55.34% 214.43% -117.60%
Invested Capital Q/Q Growth
-2.74% -6.15% 6.82% -4.38% 0.00% 1.71% 5.57% 3.14% 2.94% 4.26%
Profitability Metrics
- - - - - - - - - -
EBITDA Margin
34.54% 18.79% 27.89% 16.51% 11.88% 8.79% 11.21% 15.58% 15.47% 17.75%
EBIT Margin
16.97% -5.44% 24.56% 14.01% 10.35% 8.26% 11.01% 15.40% 15.26% 17.55%
Profit (Net Income) Margin
7.20% -114.12% 17.49% 23.86% 8.31% 6.59% 8.31% 11.74% 11.49% 13.22%
Tax Burden Percent
29.69% -2,388.88% 65.17% 100.38% 79.43% 79.00% 75.38% 75.83% 75.32% 75.31%
Interest Burden Percent
142.89% -87.81% 109.28% 169.71% 101.11% 100.90% 100.14% 100.51% 100.00% 100.00%
Effective Tax Rate
36.23% 395.17% 16.57% 87.91% 20.57% 21.00% 24.62% 24.17% 24.68% 24.69%
Return on Invested Capital (ROIC)
2.32% 2.95% 9.05% 0.54% 2.83% 4.40% 6.73% 9.50% 8.12% 9.00%
ROIC Less NNEP Spread (ROIC-NNEP)
0.14% -56.56% 4.85% 44.95% 2.91% 4.50% 6.75% 9.62% 8.12% 9.00%
Return on Net Nonoperating Assets (RNNOA)
0.08% -37.94% 2.24% 8.42% 1.66% 2.95% 4.98% 6.64% 4.87% 4.72%
Return on Equity (ROE)
2.40% -34.99% 11.29% 8.96% 4.49% 7.34% 11.71% 16.14% 12.99% 13.72%
Cash Return on Invested Capital (CROIC)
-3.97% 28.28% 36.41% -5.46% 0.00% -13.11% -8.81% -1.70% 0.54% -2.24%
Operating Return on Assets (OROA)
3.31% -0.91% 9.91% 4.11% 3.85% 4.84% 7.62% 10.56% 9.21% 10.17%
Return on Assets (ROA)
1.41% -19.04% 7.06% 7.00% 3.09% 3.86% 5.75% 8.05% 6.93% 7.66%
Return on Common Equity (ROCE)
2.38% -34.85% 11.25% 8.94% 4.48% 7.34% 11.70% 16.13% 12.98% 13.71%
Return on Equity Simple (ROE_SIMPLE)
2.42% -42.34% 10.73% 8.66% 4.49% 7.08% 10.89% 14.92% 12.19% 12.76%
Net Operating Profit after Tax (NOPAT)
26 30 71 3.71 36 61 110 178 167 203
NOPAT Margin
10.82% 16.06% 20.49% 1.69% 8.22% 6.53% 8.30% 11.68% 11.49% 13.22%
Net Nonoperating Expense Percent (NNEP)
2.18% 59.50% 4.20% -44.42% -0.09% -0.10% -0.02% -0.12% 0.00% 0.00%
SG&A Expenses to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue
83.03% 105.44% 75.44% 85.99% 89.65% 91.74% 88.99% 84.60% 84.74% 82.45%
Earnings before Interest and Taxes (EBIT)
40 -10 85 31 45 77 146 235 222 270
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
82 35 96 36 52 82 149 237 225 273
Valuation Ratios
- - - - - - - - - -
Price to Book Value (P/BV)
0.76 0.73 0.80 1.53 0.95 0.98 0.91 0.46 0.98 1.03
Price to Tangible Book Value (P/TBV)
0.84 0.80 0.86 1.53 0.95 0.98 0.91 0.46 0.98 1.03
Price to Revenue (P/Rev)
2.27 1.98 1.30 4.21 1.76 0.91 0.69 0.37 0.93 1.07
Price to Earnings (P/E)
32.46 0.00 7.65 18.34 23.24 13.99 8.37 3.11 8.06 8.06
Dividend Yield
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield
3.08% 0.00% 13.08% 5.45% 4.30% 7.15% 11.94% 32.11% 12.41% 12.41%
Enterprise Value to Invested Capital (EV/IC)
0.70 0.74 0.44 0.94 0.67 0.73 0.86 0.54 0.70 0.82
Enterprise Value to Revenue (EV/Rev)
3.38 3.52 0.86 3.05 1.94 1.17 1.14 0.70 1.03 1.27
Enterprise Value to EBITDA (EV/EBITDA)
9.80 18.75 3.07 18.49 16.29 13.35 10.21 4.51 6.65 7.15
Enterprise Value to EBIT (EV/EBIT)
19.95 0.00 3.48 21.80 18.70 14.19 10.40 4.57 6.74 7.23
Enterprise Value to NOPAT (EV/NOPAT)
31.29 21.93 4.17 180.28 23.54 17.96 13.79 6.02 8.94 9.60
Enterprise Value to Operating Cash Flow (EV/OCF)
7.50 18.66 4.38 0.00 0.00 0.00 0.00 9.85 4.10 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 2.29 1.04 0.00 0.00 0.00 0.00 0.00 134.49 0.00
Leverage & Solvency
- - - - - - - - - -
Debt to Equity
0.61 0.76 0.20 0.18 0.57 0.74 0.74 0.65 0.56 0.50
Long-Term Debt to Equity
0.61 0.76 0.20 0.18 0.57 0.74 0.69 0.59 0.51 0.44
Financial Leverage
0.55 0.67 0.46 0.19 0.57 0.66 0.74 0.69 0.60 0.52
Leverage Ratio
1.71 1.84 1.60 1.28 1.58 1.90 2.04 2.01 1.87 1.79
Compound Leverage Factor
2.44 -1.61 1.75 2.17 1.60 1.92 2.04 2.02 1.87 1.79
Debt to Total Capital
37.88% 43.08% 16.41% 15.18% 36.28% 42.38% 42.53% 39.35% 35.78% 33.19%
Short-Term Debt to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 2.68% 3.65% 3.21% 3.60%
Long-Term Debt to Total Capital
37.88% 43.08% 16.41% 15.18% 36.28% 42.38% 39.85% 35.70% 32.58% 29.59%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.22% 0.28% 0.22% 0.20% 0.05% 0.06% 0.06% 0.05% 0.05% 0.04%
Common Equity to Total Capital
61.90% 56.64% 83.37% 84.62% 63.68% 57.56% 57.41% 60.60% 64.17% 66.77%
Debt to EBITDA
5.28 10.91 1.15 3.00 8.87 7.79 5.04 3.28 3.40 2.90
Net Debt to EBITDA
3.20 8.15 -1.62 -7.04 1.50 3.00 4.01 2.16 0.66 1.14
Long-Term Debt to EBITDA
5.28 10.91 1.15 3.00 8.87 7.79 4.73 2.98 3.09 2.59
Debt to NOPAT
16.85 12.77 1.57 29.21 12.83 10.48 6.81 4.37 4.57 3.90
Net Debt to NOPAT
10.23 9.54 -2.21 -68.64 2.16 4.04 5.42 2.89 0.88 1.53
Long-Term Debt to NOPAT
16.85 12.77 1.57 29.21 12.83 10.48 6.38 3.97 4.16 3.47
Noncontrolling Interest Sharing Ratio
0.57% 0.42% 0.37% 0.25% 0.12% 0.09% 0.10% 0.09% 0.08% 0.07%
Liquidity Ratios
- - - - - - - - - -
Cash Flow Metrics
- - - - - - - - - -
Free Cash Flow to Firm (FCFF)
-44 287 284 -38 0.00 -182 -145 -32 11 -51
Operating Cash Flow to CapEx
104.73% 70.65% 11,597.41% -637.50% -43,466.67% -28,066.67% -18,943.75% 3,105.71% 28,007.69% -7,200.00%
Free Cash Flow to Firm to Interest Expense
-1.45 8.42 14.19 -4.46 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense
3.54 1.03 3.36 -1.80 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense
0.16 -0.43 3.33 -2.08 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios
- - - - - - - - - -
Asset Turnover
0.20 0.17 0.40 0.29 0.37 0.59 0.69 0.69 0.60 0.58
Fixed Asset Turnover
0.30 0.26 0.77 1.02 0.57 0.80 0.83 0.77 0.76 0.76
Capital & Investment Metrics
- - - - - - - - - -
Invested Capital
1,142 886 672 714 1,269 1,513 1,768 1,978 2,133 2,387
Invested Capital Turnover
0.21 0.18 0.44 0.32 0.34 0.67 0.81 0.81 0.71 0.68
Increase / (Decrease) in Invested Capital
70 -257 -213 42 0.00 244 255 210 156 254
Enterprise Value (EV)
804 655 294 669 845 1,098 1,522 1,071 1,493 1,952
Market Capitalization
538 368 449 923 767 851 923 557 1,344 1,640
Book Value per Share
$20.23 $14.92 $16.63 $14.41 $19.26 $18.12 $20.49 $24.08 $27.43 $31.47
Tangible Book Value per Share
$18.34 $13.63 $15.50 $14.40 $19.26 $18.12 $20.49 $24.08 $27.43 $31.47
Total Capital
1,142 886 672 714 1,269 1,513 1,768 1,978 2,133 2,387
Total Debt
433 382 110 108 461 641 752 778 763 792
Total Long-Term Debt
433 382 110 108 461 641 705 706 695 706
Net Debt
263 285 -156 -255 78 247 598 513 147 311
Capital Expenditures (CapEx)
102 50 0.58 2.40 0.90 0.60 1.60 3.50 1.30 2.20
Net Nonoperating Expense (NNE)
8.59 242 10 -49 -0.40 -0.55 -0.15 -0.91 0.00 0.00
Net Nonoperating Obligations (NNO)
433 382 110 108 461 641 752 778 763 792
Total Depreciation and Amortization (D&A)
42 45 11 5.50 6.70 4.90 2.70 2.70 3.00 3.00
Earnings Adjustments
- - - - - - - - - -
Adjusted Basic Earnings per Share
$0.38 ($6.22) $1.40 $1.19 $0.79 $1.26 $2.25 $3.59 $3.34 $4.03
Adjusted Weighted Average Basic Shares Outstanding
35.32M 34.27M 34.55M 42.14M 41.97M 48.04M 48.90M 49.82M 49.99M 50.43M
Adjusted Diluted Earnings per Share
$0.38 ($6.22) $1.38 $1.19 $0.79 $1.26 $2.25 $3.59 $3.33 $4.00
Adjusted Weighted Average Diluted Shares Outstanding
43.60M 34.27M 42.33M 42.38M 42.01M 48.09M 48.98M 49.85M 50.12M 50.79M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.79 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
33.62M 33.91M 41.69M 41.94M 48.01M 48.07M 49.59M 49.77M 49.91M 50.67M
Normalized Net Operating Profit after Tax (NOPAT)
26 -7.09 100 22 36 61 124 178 167 203
Normalized NOPAT Margin
10.82% -3.81% 29.19% 10.00% 8.22% 6.53% 9.33% 11.68% 11.49% 13.22%
Pre Tax Income Margin
24.24% 4.78% 26.84% 23.77% 10.46% 8.34% 11.03% 15.48% 15.26% 17.55%
Debt Service Ratios
- - - - - - - - - -
EBIT to Interest Expense
1.33 -0.30 4.23 3.61 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense
0.85 0.88 3.53 0.44 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense
-2.05 -1.76 4.20 3.33 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense
-2.53 -0.58 3.50 0.15 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios
- - - - - - - - - -
Dividend Payout Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio
143.93% 0.00% 5.88% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Quarterly Metrics and Ratios for Forestar Group

This table displays calculated financial ratios and metrics derived from Forestar Group's official financial filings.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Growth Metrics
- - - - - - - - - - -
Revenue Growth
-0.48% -9.35% -46.09% -28.01% 19.69% 45.45% 41.91% 11.63% -12.05% 0.72% -19.06%
EBITDA Growth
149.53% 12.23% -46.24% -42.39% 18.35% 43.43% 81.82% 62.13% -16.93% 13.53% -57.50%
EBIT Growth
153.37% 12.18% -46.76% -43.20% 18.41% 43.89% 83.51% 64.07% -17.31% 13.63% -58.40%
NOPAT Growth
153.29% 14.24% -47.56% -43.72% 17.88% 42.73% 83.65% 67.29% -17.31% 12.57% -57.99%
Net Income Growth
149.69% 15.19% -48.64% -43.72% 17.88% 42.52% 83.65% 67.29% -17.31% 12.57% -56.81%
EPS Growth
150.00% 15.91% -48.15% -43.75% 16.25% 41.18% 80.95% 64.81% -18.28% 10.42% -57.89%
Operating Cash Flow Growth
4.72% 217.07% -958.62% 0.42% 232.37% 91.67% -214.66% -183.26% -153.70% -47.70% -187.17%
Free Cash Flow Firm Growth
-18.55% 24.48% -23.07% 42.14% 46.73% 47.54% 34.60% -34.27% -65.34% -106.95% -115.33%
Invested Capital Growth
14.50% 11.86% 13.42% 8.30% 8.08% 7.88% 8.97% 10.73% 10.50% 11.91% 14.69%
Revenue Q/Q Growth
-26.14% 22.74% -42.44% 37.95% 22.80% 49.15% -43.84% 8.52% -3.25% 70.81% -54.87%
EBITDA Q/Q Growth
-16.17% 25.47% -57.31% 28.32% 72.21% 52.06% -45.89% 14.42% -11.76% 107.81% -79.74%
EBIT Q/Q Growth
-16.61% 25.81% -57.92% 28.67% 73.82% 52.88% -46.33% 15.04% -12.39% 110.08% -80.35%
NOPAT Q/Q Growth
-16.95% 27.77% -58.99% 29.33% 73.98% 54.70% -47.24% 17.80% -14.00% 110.59% -80.31%
Net Income Q/Q Growth
-16.95% 27.96% -59.06% 29.33% 73.98% 54.70% -47.24% 17.80% -14.00% 110.59% -79.75%
EPS Q/Q Growth
-16.67% 27.50% -58.82% 28.57% 72.22% 54.84% -47.22% 17.11% -14.61% 109.21% -79.87%
Operating Cash Flow Q/Q Growth
-222.60% 236.98% -141.88% 242.77% 61.60% 98.35% -168.76% 62.22% -4.22% 293.19% -477.52%
Free Cash Flow Firm Q/Q Growth
8.27% 21.73% -35.81% 40.67% 15.53% 22.92% -69.30% -21.81% -4.01% 3.52% -76.16%
Invested Capital Q/Q Growth
2.62% 3.14% 1.14% 1.17% 2.42% 2.94% 2.16% 2.79% 2.21% 4.26% 4.70%
Profitability Metrics
- - - - - - - - - - -
EBITDA Margin
17.15% 17.53% 13.00% 12.09% 16.96% 17.29% 16.66% 17.56% 16.02% 19.49% 8.75%
EBIT Margin
16.92% 17.35% 12.68% 11.83% 16.74% 17.16% 16.40% 17.38% 15.74% 19.36% 8.43%
Profit (Net Income) Margin
12.75% 13.29% 9.45% 8.86% 12.56% 13.02% 12.24% 13.28% 11.81% 14.56% 6.53%
Tax Burden Percent
75.33% 76.51% 74.55% 74.93% 75.00% 75.89% 74.61% 76.40% 75.00% 75.18% 75.34%
Interest Burden Percent
100.00% 100.15% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 102.82%
Effective Tax Rate
24.67% 23.49% 25.45% 25.07% 25.00% 24.11% 25.39% 23.60% 25.00% 24.82% 24.66%
Return on Invested Capital (ROIC)
11.09% 10.80% 6.71% 5.54% 8.05% 9.20% 9.04% 9.84% 8.31% 9.91% 4.02%
ROIC Less NNEP Spread (ROIC-NNEP)
11.09% 10.81% 6.71% 5.54% 8.05% 9.20% 9.04% 9.84% 8.31% 9.91% 4.07%
Return on Net Nonoperating Assets (RNNOA)
7.72% 7.46% 4.37% 3.61% 5.09% 5.52% 5.33% 5.58% 4.59% 5.20% 2.23%
Return on Equity (ROE)
18.81% 18.26% 11.08% 9.16% 13.13% 14.72% 14.37% 15.42% 12.90% 15.11% 6.25%
Cash Return on Invested Capital (CROIC)
-3.97% -1.70% -4.12% -0.86% -0.49% 0.54% 0.23% -0.68% -1.07% -2.24% -5.94%
Operating Return on Assets (OROA)
12.35% 11.89% 7.52% 6.30% 9.22% 10.35% 10.39% 11.13% 9.57% 11.22% 4.54%
Return on Assets (ROA)
9.30% 9.11% 5.61% 4.72% 6.91% 7.86% 7.75% 8.50% 7.18% 8.43% 3.52%
Return on Common Equity (ROCE)
18.79% 18.24% 11.07% 9.15% 13.12% 14.71% 14.36% 15.41% 12.89% 15.10% 6.24%
Return on Equity Simple (ROE_SIMPLE)
15.01% 0.00% 13.05% 11.08% 11.22% 0.00% 13.09% 13.75% 12.85% 0.00% 11.26%
Net Operating Profit after Tax (NOPAT)
40 51 21 27 47 72 38 45 39 82 16
NOPAT Margin
12.75% 13.27% 9.45% 8.86% 12.56% 13.02% 12.24% 13.28% 11.81% 14.56% 6.35%
Net Nonoperating Expense Percent (NNEP)
0.00% -0.01% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -0.05%
SG&A Expenses to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue
83.08% 82.65% 87.32% 88.17% 83.26% 82.84% 83.60% 82.62% 84.26% 80.64% 91.57%
Earnings before Interest and Taxes (EBIT)
53 66 28 36 62 95 51 59 52 108 21
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
53 67 29 37 63 96 52 60 53 109 22
Valuation Ratios
- - - - - - - - - - -
Price to Book Value (P/BV)
0.59 0.46 0.63 0.62 0.87 0.98 1.17 1.36 1.07 1.03 0.81
Price to Tangible Book Value (P/TBV)
0.59 0.46 0.63 0.62 0.87 0.98 1.17 1.36 1.07 1.03 0.81
Price to Revenue (P/Rev)
0.44 0.37 0.57 0.64 0.88 0.93 1.07 1.27 1.05 1.07 0.89
Price to Earnings (P/E)
3.96 3.11 4.82 5.60 7.74 8.06 8.95 9.91 8.33 8.06 7.23
Dividend Yield
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield
25.26% 32.11% 20.74% 17.84% 12.91% 12.41% 11.17% 10.09% 12.00% 12.41% 13.83%
Enterprise Value to Invested Capital (EV/IC)
0.68 0.54 0.67 0.62 0.72 0.70 0.90 1.05 0.89 0.82 0.83
Enterprise Value to Revenue (EV/Rev)
0.84 0.70 1.00 1.04 1.17 1.03 1.27 1.49 1.33 1.27 1.40
Enterprise Value to EBITDA (EV/EBITDA)
5.67 4.51 6.26 6.80 7.68 6.65 7.92 8.71 7.83 7.15 8.50
Enterprise Value to EBIT (EV/EBIT)
5.74 4.57 6.33 6.91 7.80 6.74 8.02 8.80 7.93 7.23 8.61
Enterprise Value to NOPAT (EV/NOPAT)
7.61 6.02 8.37 9.14 10.33 8.94 10.65 11.65 10.49 9.60 11.41
Enterprise Value to Operating Cash Flow (EV/OCF)
47.80 9.85 25.06 23.66 5.88 4.10 7.63 18.58 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 0.00 0.00 0.00 0.00 134.49 400.62 0.00 0.00 0.00 0.00
Leverage & Solvency
- - - - - - - - - - -
Debt to Equity
0.67 0.65 0.64 0.62 0.60 0.56 0.55 0.52 0.51 0.50 0.55
Long-Term Debt to Equity
0.61 0.59 0.58 0.57 0.55 0.51 0.50 0.48 0.47 0.44 0.50
Financial Leverage
0.70 0.69 0.65 0.65 0.63 0.60 0.59 0.57 0.55 0.52 0.55
Leverage Ratio
2.02 2.01 1.98 1.94 1.90 1.87 1.85 1.81 1.80 1.79 1.82
Compound Leverage Factor
2.02 2.01 1.98 1.94 1.90 1.87 1.85 1.81 1.80 1.79 1.87
Debt to Total Capital
40.13% 39.35% 38.97% 38.28% 37.44% 35.78% 35.36% 34.25% 33.93% 33.19% 35.42%
Short-Term Debt to Total Capital
3.33% 3.65% 3.65% 3.35% 3.31% 3.21% 3.00% 2.75% 3.10% 3.60% 3.14%
Long-Term Debt to Total Capital
36.80% 35.70% 35.32% 34.93% 34.13% 32.58% 32.36% 31.50% 30.84% 29.59% 32.28%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.05% 0.05% 0.05% 0.05% 0.05% 0.05% 0.05% 0.04% 0.04% 0.04% 0.04%
Common Equity to Total Capital
59.82% 60.60% 60.98% 61.67% 62.52% 64.17% 64.60% 65.70% 66.02% 66.77% 64.54%
Debt to EBITDA
3.35 3.28 3.66 4.17 3.97 3.40 3.11 2.83 2.99 2.90 3.64
Net Debt to EBITDA
2.71 2.16 2.65 2.63 1.92 0.66 1.26 1.30 1.61 1.14 3.10
Long-Term Debt to EBITDA
3.07 2.98 3.32 3.81 3.62 3.09 2.84 2.61 2.71 2.59 3.32
Debt to NOPAT
4.48 4.37 4.90 5.60 5.34 4.57 4.18 3.79 4.00 3.90 4.89
Net Debt to NOPAT
3.63 2.89 3.54 3.53 2.58 0.88 1.69 1.74 2.15 1.53 4.16
Long-Term Debt to NOPAT
4.11 3.97 4.44 5.11 4.87 4.16 3.83 3.49 3.63 3.47 4.45
Noncontrolling Interest Sharing Ratio
0.09% 0.09% 0.09% 0.08% 0.08% 0.08% 0.08% 0.07% 0.07% 0.07% 0.07%
Liquidity Ratios
- - - - - - - - - - -
Cash Flow Metrics
- - - - - - - - - - -
Free Cash Flow to Firm (FCFF)
-203 -159 -216 -128 -108 -83 -141 -172 -179 -173 -304
Operating Cash Flow to CapEx
-12,400.00% 39,633.33% -49,800.00% 35,550.00% 22,980.00% 45,580.00% -78,350.00% -9,866.67% -10,283.33% 14,900.00% 0.00%
Free Cash Flow to Firm to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios
- - - - - - - - - - -
Asset Turnover
0.73 0.69 0.59 0.53 0.55 0.60 0.63 0.64 0.61 0.58 0.54
Fixed Asset Turnover
0.80 0.77 0.66 0.61 0.64 0.76 0.76 0.77 0.74 0.76 0.62
Capital & Investment Metrics
- - - - - - - - - - -
Invested Capital
1,917 1,978 2,000 2,023 2,072 2,133 2,179 2,240 2,290 2,387 2,500
Invested Capital Turnover
0.87 0.81 0.71 0.63 0.64 0.71 0.74 0.74 0.70 0.68 0.63
Increase / (Decrease) in Invested Capital
243 210 237 155 155 156 179 217 218 254 320
Enterprise Value (EV)
1,305 1,071 1,331 1,263 1,501 1,493 1,963 2,358 2,038 1,952 2,068
Market Capitalization
681 557 767 774 1,125 1,344 1,650 2,006 1,619 1,640 1,313
Book Value per Share
$23.06 $24.08 $24.51 $25.07 $25.96 $27.43 $28.12 $29.49 $29.88 $31.47 $31.84
Tangible Book Value per Share
$23.06 $24.08 $24.51 $25.07 $25.96 $27.43 $28.12 $29.49 $29.88 $31.47 $31.84
Total Capital
1,917 1,978 2,000 2,023 2,072 2,133 2,179 2,240 2,290 2,387 2,500
Total Debt
769 778 779 775 776 763 771 767 777 792 885
Total Long-Term Debt
706 706 706 707 707 695 705 706 706 706 807
Net Debt
623 513 563 488 375 147 312 351 418 311 753
Capital Expenditures (CapEx)
0.70 0.30 0.10 0.20 0.50 0.50 0.20 0.60 0.60 0.80 0.00
Net Nonoperating Expense (NNE)
0.00 -0.08 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -0.45
Net Nonoperating Obligations (NNO)
769 778 779 775 776 763 771 767 777 792 885
Total Depreciation and Amortization (D&A)
0.70 0.70 0.70 0.80 0.80 0.70 0.80 0.60 0.90 0.70 0.80
Earnings Adjustments
- - - - - - - - - - -
Adjusted Basic Earnings per Share
$0.80 $1.02 $0.42 $0.54 $0.94 $1.44 $0.76 $0.90 $0.76 $1.61 $0.32
Adjusted Weighted Average Basic Shares Outstanding
49.88M 49.82M 49.89M 49.94M 50.06M 49.99M 50.07M 50.15M 50.76M 50.43M 50.82M
Adjusted Diluted Earnings per Share
$0.80 $1.02 $0.42 $0.54 $0.93 $1.44 $0.76 $0.89 $0.76 $1.59 $0.32
Adjusted Weighted Average Diluted Shares Outstanding
49.89M 49.85M 49.90M 50.01M 50.18M 50.12M 50.46M 50.63M 51.06M 50.79M 51.09M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
49.76M 49.77M 49.77M 49.90M 49.90M 49.91M 49.91M 50.60M 50.65M 50.67M 50.68M
Normalized Net Operating Profit after Tax (NOPAT)
40 51 21 27 47 72 38 45 39 82 16
Normalized NOPAT Margin
12.75% 13.27% 9.45% 8.86% 12.56% 13.02% 12.24% 13.28% 11.81% 14.56% 6.35%
Pre Tax Income Margin
16.92% 17.37% 12.68% 11.83% 16.74% 17.16% 16.40% 17.38% 15.74% 19.36% 8.67%
Debt Service Ratios
- - - - - - - - - - -
EBIT to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios
- - - - - - - - - - -
Dividend Payout Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Frequently Asked Questions About Forestar Group's Financials

When does Forestar Group's financial year end?

According to the most recent income statement we have on file, Forestar Group's fiscal year ends in September. Their fiscal year 2024 ended on September 30, 2024.

How has Forestar Group's net income changed over the last 9 years?

Forestar Group's net income appears to be on an upward trend, with a most recent value of $203.40 million in 2024, rising from $17.09 million in 2014. The previous period was $166.90 million in 2023.

How has Forestar Group revenue changed over the last 9 years?

Over the last 9 years, Forestar Group's total revenue changed from $237.39 million in 2014 to $1.54 billion in 2024, a change of 548.2%.

How much debt does Forestar Group have?

Forestar Group's total liabilities were at $1.25 billion at the end of 2024, a 13.1% increase from 2023, and a 127.0% increase since 2014.

How much cash does Forestar Group have?

In the past 10 years, Forestar Group's cash and equivalents has ranged from $96.44 million in 2015 to $616 million in 2023, and is currently $481.20 million as of their latest financial filing in 2024.

How has Forestar Group's book value per share changed over the last 9 years?

Over the last 9 years, Forestar Group's book value per share changed from 20.23 in 2014 to 31.47 in 2024, a change of 55.6%.

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This page (NYSE:FOR) was last updated on 4/14/2025 by MarketBeat.com Staff
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