Forestar (FOR) | Financial Analysis & Statements

Forestar Group Inc. | Small-cap | Real Estate

$21.73

-0.37%

Forestar vs Century Communities Forestar vs Smith Douglas Homes Forestar vs Five Point Holdings Forestar vs Murano Global Forestar vs Landsea Homes Forestar vs S&P 500 | Market

Overview Income Statement Balance Sheet Cash Flow Key Ratios Peer Comparison

Financial Overview

Latest Annual: 2024

Income Metrics

Revenue 1.5B

Gross Profit 359.3M 23.80%

Operating Income 240.8M 15.95%

Net Income 203.4M 13.48%

EPS (Diluted) $4.00

Balance Sheet Metrics

Total Assets 2.8B

Total Liabilities 1.2B

Shareholders Equity 1.6B

Debt to Equity 0.78

Cash Flow Metrics

Operating Cash Flow -193.5M

Free Cash Flow -160.6M

Revenue & Profitability Trend

Forestar Income Statement From 2020 to 2024

Metric	2024	2023	2022	2021	2020
Revenue	1.5B	1.4B	1.5B	1.3B	931.8M
Cost of Goods Sold	1.2B	1.1B	1.2B	1.1B	813.7M
Gross Profit	359.3M	304.1M	324.0M	229.2M	118.1M
Operating Expenses	118.5M	97.7M	93.6M	68.4M	45.7M
Operating Income	240.8M	206.4M	230.4M	160.8M	72.4M
Pre-tax Income	270.1M	221.6M	235.8M	146.6M	78.1M
Income Tax	66.7M	54.7M	57.0M	36.1M	16.4M
Net Income	203.4M	166.9M	178.8M	110.5M	61.7M
EPS (Diluted)	$4.00	$3.33	$3.59	$2.25	$1.26

Income Statement Trend

Forestar Balance Sheet From 2020 to 2024

Metric	2024	2023	2022	2021	2020
Assets
Current Assets	531.7M	664.4M	305.1M	180.5M	416.2M
Non-Current Assets	2.3B	1.8B	2.0B	1.9B	1.3B
Total Assets	2.8B	2.5B	2.3B	2.1B	1.7B
Liabilities
Current Liabilities	455.2M	343.3M	391.7M	348.3M	216.1M
Non-Current Liabilities	789.8M	757.5M	752.0M	737.5M	652.0M
Total Liabilities	1.2B	1.1B	1.1B	1.1B	868.1M
Equity
Total Shareholders Equity	1.6B	1.4B	1.2B	1.0B	871.8M

Balance Sheet Composition

Forestar Cash Flow Statement From 2020 to 2024

Metric	2024	2023	2022	2021	2020
Operating Activities
Net Income	203.4M	166.9M	178.8M	110.5M	61.7M
Operating Cash Flow	-193.5M	359.9M	82.8M	-381.6M	-459.2M
Investing Activities
Capital Expenditures	-	-	-	-	-
Investing Cash Flow	9.5M	1.6M	4.8M	5.2M	5.6M
Financing Activities
Dividends Paid	-	-	-	-	-
Financing Cash Flow	16.3M	-13.2M	1.2M	61.4M	174.9M
Free Cash Flow	-160.6M	362.8M	105.2M	-304.7M	-169.0M

Cash Flow Trend

Forestar Key Financial Ratios

Valuation Ratios

P/E Ratio (TTM) 5.92

Forward P/E 4.58

Price to Book 0.60

Price to Sales 0.67

PEG Ratio 4.58

Profitability Ratios

Profit Margin 11.44%

Operating Margin 11.62%

Return on Equity 10.79%

Return on Assets 4.47%

Financial Health

Current Ratio 1.23

Debt to Equity 53.55

Beta 1.41

Per Share Data

EPS (TTM) $3.29

Book Value per Share $32.37

Revenue per Share $28.97

Peer Financial Comparison

Company	Market Cap	P/E Ratio	P/B Ratio	ROE	Profit Margin	Debt/Equity
for	990.6M	5.92	0.60	10.79%	11.44%	53.55
Century Communities	1.6B	5.49	0.63	12.36%	7.10%	60.40
Smith Douglas Homes	946.3M	10.34	2.15	29.73%	1.56%	11.24
Five Point Holdings	805.3M	4.42	0.50	10.92%	37.01%	26.78
Murano Global	769.3M	241.88	0.15	-54.72%	72.76%	222.32
Landsea Homes	411.8M	43.50	0.62	1.59%	0.63%	112.29

Financial data is updated regularly. All figures are in the company's reporting currency.