Forestar Group Inc. (FOR) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Revenue | 374.3M | 273M | 670.5M | 390.5M | 351M | 250.4M | 551.4M | 318.4M | 333.8M | 305.9M | 549.8M | 368.9M | 301.5M | 216.7M | 381.4M | 308.5M | 421.6M | 407.6M | 418.7M | 312.9M |
| Revenue Growth % | 6.64% | 9.03% | 21.6% | 22.64% | 5.15% | -18.14% | 0.29% | -13.69% | 10.71% | 41.16% | 44.15% | 19.58% | -28.49% | -46.84% | -8.91% | -1.41% | 46.85% | 32.73% | 20.45% | 75.89% |
| Property Operating Expenses | 294.1M | 218M | 520.9M | 310.8M | 271.8M | 195.4M | 419.5M | 246.9M | 250.5M | 232.8M | 434.1M | 283.9M | 226.2M | 169.2M | 292.2M | 234.6M | 334.1M | 334.2M | 342.8M | 257.1M |
| Net Operating Income (NOI) | 80.2M | 55M | 149.6M | 79.7M | 79.2M | 55M | 131.9M | 71.5M | 83.3M | 73.1M | 115.7M | 85M | 75.3M | 47.5M | 89.2M | 73.9M | 87.5M | 73.4M | 75.9M | 55.8M |
| NOI Margin % | 21.43% | 20.15% | 22.31% | 20.41% | 22.56% | 21.96% | 23.92% | 22.46% | 24.96% | 23.9% | 21.04% | 23.04% | 24.98% | 21.92% | 23.39% | 23.95% | 20.75% | 18.01% | 18.13% | 17.83% |
| Operating Expenses | 37.9M | 36.5M | 42.7M | 37.4M | 38.4M | 36M | 32M | 29.3M | 29.2M | 28M | 115.7M | 26.4M | 22M | 22.9M | 23.7M | 24.1M | 24.3M | 21.5M | 19.7M | 16.9M |
| G&A Expenses | 37.9M | 36.5M | 42.7M | 37.4M | 38.4M | 36M | 32M | 29.3M | 29.2M | 28M | 26.4M | 26.4M | 22M | 22.9M | 23.7M | 24.1M | 24.3M | 21.5M | 19.7M | 16.9M |
| EBITDA | 43M | 19.4M | 107.9M | 43.1M | 41.8M | 19.8M | 100.6M | 43.1M | 54.5M | 45.7M | 90M | 59.4M | 54.1M | 25.3M | 66.2M | 50.5M | 63.7M | 52.7M | 56.8M | 39.5M |
| EBITDA Margin % | 11.49% | 7.11% | 16.09% | 11.04% | 11.91% | 7.91% | 18.24% | 13.54% | 16.33% | 14.94% | 16.37% | 16.1% | 17.94% | 11.68% | 17.36% | 16.37% | 15.11% | 12.93% | 13.57% | 12.62% |
| Depreciation & Amortization | 700K | 900K | 900K | 800K | 1M | 800K | 700K | 900K | 600K | 800K | 700K | 800K | 800K | 700K | 700K | 700K | 500K | 800K | 600K | 600K |
| D&A / Revenue % | 0.19% | 0.33% | 0.13% | 0.2% | 0.28% | 0.32% | 0.13% | 0.28% | 0.18% | 0.26% | 0.13% | 0.22% | 0.27% | 0.32% | 0.18% | 0.23% | 0.12% | 0.2% | 0.14% | 0.19% |
| Operating Income | 42.3M | 18.5M | 107M | 42.3M | 40.8M | 19M | 99.9M | 42.2M | 53.9M | 44.9M | 0 | 58.6M | 53.3M | 24.6M | 65.5M | 49.8M | 63.2M | 51.9M | 56.2M | 38.9M |
| Operating Margin % | 11.3% | 6.78% | 15.96% | 10.83% | 11.62% | 7.59% | 18.12% | 13.25% | 16.15% | 14.68% | 0% | 15.89% | 17.68% | 11.35% | 17.17% | 16.14% | 14.99% | 12.73% | 13.42% | 12.43% |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Coverage | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Non-Operating Income | 0 | 0 | -6.1M | -1.3M | 100K | -2.9M | -8.6M | -9.4M | -5M | -6.3M | -89.3M | -3.8M | 17.4M | -3.3M | -900K | -2.9M | 0 | -1.6M | -2.6M | 17.8M |
| Pretax Income | 43.9M | 20.8M | 113.1M | 43.6M | 40.7M | 21.9M | 108.5M | 51.6M | 58.9M | 51.2M | 95.4M | 62.4M | 35.9M | 27.9M | 66.4M | 52.7M | 63.2M | 53.5M | 58.8M | 21.1M |
| Pretax Margin % | 11.73% | 7.62% | 16.87% | 11.17% | 11.6% | 8.75% | 19.68% | 16.21% | 17.65% | 16.74% | 17.35% | 16.92% | 11.91% | 12.87% | 17.41% | 17.08% | 14.99% | 13.13% | 14.04% | 6.74% |
| Income Tax | 11.7M | 5.4M | 26.1M | 10.7M | 9.1M | 5.4M | 26.9M | 12.9M | 13.9M | 13M | 23M | 15.6M | 9M | 7.1M | 15.6M | 13M | 15.4M | 13M | 14.7M | 5.2M |
| Effective Tax Rate % | 26.65% | 25.96% | 23.08% | 24.54% | 22.36% | 24.66% | 24.79% | 25% | 23.6% | 25.39% | 24.11% | 25% | 25.07% | 25.45% | 23.49% | 24.67% | 24.37% | 24.3% | 25% | 24.64% |
| Net Income | 32.1M | 15.4M | 87M | 32.9M | 31.6M | 16.5M | 81.6M | 38.7M | 45M | 38.2M | 72.4M | 46.8M | 26.9M | 20.8M | 50.8M | 39.7M | 47.8M | 40.5M | 44M | 15.8M |
| Net Margin % | 8.58% | 5.64% | 12.98% | 8.43% | 9% | 6.59% | 14.8% | 12.15% | 13.48% | 12.49% | 13.17% | 12.69% | 8.92% | 9.6% | 13.32% | 12.87% | 11.34% | 9.94% | 10.51% | 5.05% |
| Net Income Growth % | 1.58% | -6.67% | 6.62% | -14.99% | -29.78% | -56.81% | 12.71% | -17.31% | 67.29% | 83.65% | 42.52% | 17.88% | -43.72% | -48.64% | 15.45% | 151.27% | 68.31% | 84.09% | 81.82% | 56.44% |
| Funds From Operations (FFO) | 32.8M | 16.3M | 87.9M | 33.7M | 32.6M | 17.3M | 82.3M | 39.6M | 45.6M | 39M | 73.1M | 47.6M | 27.7M | 21.5M | 51.5M | 40.4M | 48.3M | 41.3M | 44.6M | 16.4M |
| FFO Margin % | 8.76% | 5.97% | 13.11% | 8.63% | 9.29% | 6.91% | 14.93% | 12.44% | 13.66% | 12.75% | 13.3% | 12.9% | 9.19% | 9.92% | 13.5% | 13.1% | 11.46% | 10.13% | 10.65% | 5.24% |
| FFO Growth % | 0.61% | -5.78% | 6.8% | -14.9% | -28.51% | -55.64% | 12.59% | -16.81% | 64.62% | 81.4% | 41.94% | 17.82% | -42.65% | -47.94% | 15.47% | 146.34% | 65.98% | 81.14% | 79.12% | 50.46% |
| FFO per Share | 0.64 | 0.32 | 1.73 | 0.66 | 0.64 | 0.34 | 1.61 | 0.78 | 0.90 | 0.77 | 1.45 | 0.95 | 0.55 | 0.43 | 1.03 | 0.81 | 0.97 | 0.83 | 0.90 | 0.33 |
| FFO Payout Ratio % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| EPS (Diluted) | 0.63 | 0.30 | 1.70 | 0.65 | 0.62 | 0.32 | 1.60 | 0.76 | 0.89 | 0.76 | 1.44 | 0.93 | 0.54 | 0.42 | 1.02 | 0.80 | 0.96 | 0.81 | 0.89 | 0.32 |
| EPS Growth % | 1.61% | -6.25% | 6.25% | -14.47% | -30.34% | -57.89% | 11.11% | -18.28% | 64.81% | 80.95% | 41.18% | 16.25% | -43.75% | -48.15% | 14.61% | 150% | 62.71% | 76.09% | 78% | 52.38% |
| EPS (Basic) | 0.63 | 0.30 | 1.71 | 0.65 | 0.62 | 0.32 | 1.61 | 0.76 | 0.90 | 0.76 | 1.45 | 0.94 | 0.54 | 0.42 | 1.02 | 0.80 | 0.96 | 0.81 | 0.89 | 0.32 |
| Diluted Shares Outstanding | 51M | 51M | 50.9M | 51M | 51M | 51.09M | 51M | 51.06M | 50.63M | 50.46M | 50.4M | 50.18M | 50.01M | 49.9M | 49.9M | 49.9M | 49.9M | 49.7M | 49.7M | 49.5M |