Company research
Forestar Group Inc.
CIK 1406587Updated Sep 26, 2026
SecurityFOR · NYSE · equity
Name history
Forestar Real Estate Group Inc. · through Nov 14, 2008Forestar Real Estate Group LLC · through Oct 24, 2007
FOR price & chart
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NYSE:FOR on TradingView ↗About the company
Forestar Group Inc. is a residential lot development company with operations in 62 markets and 24 states. Based in Arlington, Texas, the Company delivered more than 14,200 residential lots during the twelve-month period ended December 31, 2024. Forestar is a majority-owned subsidiary of D.R. Horton, the largest homebuilder by volume in the United States since 2002.
In the news
No coverage from other publishers is available.
Recent filings
144 filing
10-Q filing
Results of Operations and Financial Condition
Items 2.02, 9.01
10-Q filing
Results of Operations and Financial Condition
Items 2.02, 9.01
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 3,137,000,000Source | 2,840,100,000Source | 2,470,700,000Source | 2,343,000,000Source |
| Property, Plant and Equipment, NetUSD | 8,100,000Source | 7,100,000Source | 5,900,000Source | 5,700,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 379,200,000Source | 481,200,000Source | 616,000,000Source | 264,800,000Source |
| Operating Lease, Right-of-Use AssetUSD | 13,700,000Source | 9,600,000Source | 7,600,000Source | 7,500,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 1,368,100,000Source | 1,245,000,000Source | 1,100,800,000Source | 1,143,700,000Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 50,800,000Source | 50,700,000Source | 49,900,000Source | 49,800,000Source |
| Retained Earnings (Accumulated Deficit)USD | 1,046,100,000Source | 878,200,000Source | 674,800,000Source | 507,900,000Source |
| Stockholders' Equity Attributable to ParentUSD | 1,767,900,000Source | 1,594,100,000Source | 1,368,900,000Source | 1,198,300,000Source |
| Additional Paid in Capital, Common StockUSD | 671,000,000Source | 665,200,000Source | 644,200,000Source | 640,600,000Source |
| Liabilities and EquityUSD | 3,137,000,000Source | 2,840,100,000Source | 2,470,700,000Source | 2,343,000,000Source |
| Deferred Income Tax Liabilities, NetUSD | 86,200,000Source | 67,500,000Source | 50,700,000Source | 36,900,000Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | 1,000,000Source | 1,000,000Source | 1,000,000Source | 1,000,000Source |
| Additional Financial Items | ||||
| Deferred Tax Liabilities, NetUSD | 86,200,000Source | 67,500,000Source | 50,700,000Source | 36,900,000Source |
| Long-term DebtUSD | 802,700,000Source | 706,400,000Source | 695,000,000Source | 706,000,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | — | — | 166,900,000Source | 178,800,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 3,500,000Source | 3,000,000Source | 3,000,000Source | 2,700,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 7,300,000Source | 5,300,000Source | 4,300,000Source | 3,300,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in InventoriesUSD | 384,800,000Source | 469,900,000Source | -206,300,000Source | 142,300,000Source |
| Deferred Income Tax Expense (Benefit)USD | 18,600,000Source | 16,800,000Source | 13,800,000Source | 12,500,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | -197,700,000Source | -158,400,000Source | 364,100,000Source | 108,700,000Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | 3,200,000Source | 7,300,000Source | 300,000Source | 1,300,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 2,200,000Source | 2,200,000Source | 1,300,000Source | 3,500,000Source |
| Cash flows from financing activities: | ||||
| Payment, Tax Withholding, Share-based Payment ArrangementUSD | 1,800,000Source | 3,400,000Source | 700,000Source | 500,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 92,500,000Source | 16,300,000Source | -13,200,000Source | 1,200,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | -102,000,000Source | -134,800,000Source | 351,200,000Source | 111,200,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 379,200,000Source | 481,200,000Source | 616,000,000Source | 264,800,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Income Taxes Paid, NetUSD | 30,800,000Source | 45,700,000Source | 44,700,000Source | 42,400,000Source |
| Additional Financial Items | ||||
| DepreciationUSD | 1,300,000Source | 1,100,000Source | 1,000,000Source | 700,000Source |
| Gain (Loss) on Disposition of AssetsUSD | 4,500,000Source | 9,500,000Source | 1,600,000Source | 3,200,000Source |
| Gain (Loss) on Extinguishment of DebtUSD | — | — | 0Source | 0Source |
| Income (Loss) from Equity Method InvestmentsUSD | 600,000Source | 0Source | 0Source | 1,200,000Source |
| Income Tax Expense (Benefit)USD | 51,400,000Source | 66,700,000Source | 54,700,000Source | 57,000,000Source |
| Inventory Write-downUSD | — | — | — | 3,800,000Source |
| Net Income (Loss) Attributable to ParentUSD | 167,900,000Source | 203,400,000Source | 166,900,000Source | 178,800,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | — | — | 0Source | 0Source |
| Operating Lease, ExpenseUSD | 4,200,000Source | 3,700,000Source | 3,100,000Source | 2,500,000Source |
| Payments of Financing CostsUSD | 6,200,000Source | — | 0Source | 0Source |
| Proceeds from Issuance of Common StockUSD | 0Source | 19,700,000Source | 0Source | 1,700,000Source |
| Proceeds from (Payments to) Noncontrolling InterestsUSD | — | — | 0Source | 0Source |
| Revenue from Contract with Customer, Including Assessed TaxUSD | 1,544,300,000Source | 1,459,300,000Source | 1,275,700,000Source | — |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 1,662,400,000Source | 1,509,400,000Source | 1,436,900,000Source | 1,519,100,000Source |
| Cost of RevenueUSD | 1,298,900,000Source | 1,150,100,000Source | 1,132,800,000Source | 1,195,100,000Source |
| Gross Profit (Calculated) · Derived | — | — | — | — |
| Selling, General and Administrative ExpenseUSD | 154,400,000Source | 118,500,000Source | 97,700,000Source | 93,600,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 219,300,000Source | 270,100,000Source | 221,600,000Source | 235,800,000Source |
| Income Tax Expense (Benefit)USD | 51,400,000Source | 66,700,000Source | 54,700,000Source | 57,000,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | — | — | 0Source | 0Source |
| Net Income (Loss) Attributable to ParentUSD | 167,900,000Source | 203,400,000Source | 166,900,000Source | 178,800,000Source |
| Earnings Per Share, BasicUSD per share | 3.3Source | 4.03Source | 3.34Source | 3.59Source |
| Earnings Per Share, DilutedUSD per share | 3.29Source | 4Source | 3.33Source | 3.59Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 50,872,335Source | 50,426,040Source | 49,986,526Source | 49,818,132Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 51,059,852Source | 50,793,954Source | 50,124,113Source | 49,849,894Source |
| Additional Financial Items | ||||
| Current Income Tax Expense (Benefit)USD | 32,800,000Source | 49,900,000Source | 40,900,000Source | 44,500,000Source |
| Income (Loss) from Equity Method InvestmentsUSD | 600,000Source | 0Source | 0Source | 1,200,000Source |
| Interest and Other IncomeUSD | 6,300,000Source | 19,800,000Source | 13,600,000Source | 1,000,000Source |
| Operating Lease, ExpenseUSD | 4,200,000Source | 3,700,000Source | 3,100,000Source | 2,500,000Source |
| Revenue from Contract with Customer, Including Assessed TaxUSD | 1,544,300,000Source | 1,459,300,000Source | 1,275,700,000Source | — |
Filing attachments
d937355dex41.htm · 8-K · 2025-03-14
EX-4.1 2 d937355dex41.htm EX-4.1 EX-4.1 Exhibit 4.1 INDENTURE Dated as of March 14, 2025 Among FORESTAR GROUP INC., THE SUBSIDIARY GUARANTORS PARTY HERETO and U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION, as Trustee 6.500% SENIOR NOTES DUE 2033 TABLE OF CONTENTS Page ARTICLE 1 DEFINITIONS AND INCORPORATION BY REFERENCE …
Read attachment ↗d936307dex991.htm · 8-K · 2025-03-06
EX-99.1 2 d936307dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 Forestar Announces Proposed Offering of Senior Unsecured Notes ARLINGTON, Texas - (Business Wire) - March 5, 2025 - Forestar Group Inc. (NYSE: FOR) (“Forestar”) today announced that it is proposing to sell $500 million aggregate principal amount of senior unsecured notes due 2033 (the “Notes”). The Notes will be offered and sold in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act o…
Read attachment ↗d936307dex992.htm · 8-K · 2025-03-06
EX-99.2 3 d936307dex992.htm EX-99.2 EX-99.2 Exhibit 99.2 Forestar Announces Pricing of $500 Million Offering of Senior Unsecured Notes ARLINGTON, Texas - (Business Wire) - March 5, 2025 - Forestar Group Inc. (NYSE: FOR) (“Forestar”) today announced that it has priced an offering of $500 million aggregate principal amount of 6.500% senior unsecured notes due 2033 (the “Notes”). The Notes were offered and will be sold in a private placement to qualified institutional buyers pursuant to Rule…
Read attachment ↗d940049dex991.htm · 8-K · 2025-03-05
EX-99.1 2 d940049dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 Forestar Group Inc. Announces Tender Offer for Any and All of its 3.850% Senior Notes due 2026 ARLINGTON, Texas - March 5, 2025 - Forestar Group Inc. (NYSE: FOR) announced today that it is commencing a cash tender offer (the “Tender Offer”) to purchase any and all of its outstanding 3.850% Senior Notes due 2026 (the “Notes”) listed in the following table upon the terms and conditions described in the offer to purchase, dated March 5…
Read attachment ↗