10x Insights
Loading account…
Companies / Real Estate / Forestar Group Inc.
FOR

Forestar Group Inc.

Real EstateReal Estate
Ticker FORARLINGTON, TXFiscal year ends SeptemberBook value per share $36.26Diluted shares 51.2M

Forestar Group Inc. (NYSE: FOR) acquires and develops land into finished residential lots, primarily for sale to local, regional and national homebuilders. Its work includes securing entitlements, planning communities, installing infrastructure and managing development, generally in phased, short-duration projects. It… From the company’s description.

Over the twelve months to Jun 30, 2026, Forestar Group Inc. reported revenue of $1.72B, up 11.8% from a year earlier, and net income of $170.60M. Its operating margin was 12.4%, and operations generated $283.90M in cash. In fiscal 2025, it reported revenue of $1.66B, up 10.1% from fiscal 2024, and net income of $167.90M.

Fiscal year 2025 · ends 09-30Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$1.66BFY2025
+10.1% year over year
Last 12 mo $1.72B
12.58%FY2025
−3.4 percentage points
Last 12 mo 12.39%
$167.90MFY2025
−17.5% year over year
Last 12 mo $170.60M
9.50%FY2025
−3.3 percentage points
Last 12 mo 9.18%
Cash & financing
$-197.70MFY2025
−24.8% year over year
Last 12 mo $283.90M
$-199.90MFY2025
−24.5% year over year
Last 12 mo $282.90M
0.45FY2025
Was 0.44× a year earlier
Last 12 mo 0.43
51.1MFY2025
+0.5% year over year
Last 12 mo 51.2M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Forestar Group Inc. does

In the company’s own words

Forestar Group Inc. (NYSE: FOR) acquires and develops land into finished residential lots, primarily for sale to local, regional and national homebuilders. Its work includes securing entitlements, planning communities, installing infrastructure and managing development, generally in phased, short-duration projects. It also makes short-term investments in finished lots and undeveloped land, and may develop multifamily sites when opportunities arise. Its single reportable segment is real estate. Forestar operates in 64 markets across 23 states; in fiscal 2025 it sold 14,240 lots at an average price of $108,400. At September 30, 2025, it owned or controlled 99,800 lots, including lots held through purchase contracts. D.R. Horton has been Forestar’s majority owner since 2017 and held approximately 62% of its common stock at fiscal year-end; the companies also have lot-supply and shared-services agreements. Forestar became an independent publicly traded company in 2007 after its distribution by Temple-Inland. Its website is www.forestar.com.

Company details
Sector
Real Estate
Industry (SIC)
Real Estate
Headquarters
ARLINGTON, TX
Fiscal year end
September
CIK
1406587
SIC
6500

Financial performance, year by year

Fiscal 2011–2025 · USD
$-406.09M$175.06M$756.21M$1.34B$1.92B20112012201320142015201620172019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Forestar Group Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

199
funds hold it
0 of 35
superinvestors hold it
$303.29M
held by funds, at market
20.2%
of shares held by funds
2
bond issues held by funds

Largest fund holders · Forestar Group Inc.’s weight in each

VANGUARD REAL ESTATE INDEX FUND
VNQ · VANGUARD SPECIALIZED FUNDS
—of fund net assets
Avantis U.S. Small Cap Value ETF
AVUV · American Century ETF Trust
—of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
U.S. SMALL CAP VALUE PORTFOLIO
DFSVX · DFA INVESTMENT DIMENSIONS GROUP INC
—of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.02%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Forestar Group Inc.’s bonds, as funds hold them

Funds report holding 2 issues of Forestar Group Inc.’s debt, $397.97M at market value — what funds hold, not the company’s total debt. Weighted-average coupon 5.96%, maturing 2028 to 2033.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do Forestar Group Inc. and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Forestar Group Inc.'s earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in Forestar Group Inc.'s last four quarterly filings that the numbers alone won't show?”
See how it works →All research tools with a subscription. Use your own AI account.