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Forestar Group Inc. (FOR) Stock Fundamental Analysis & AI Rating 2026

FOR NYSE Real Estate DE CIK: 0001406587
Updated This Month • Analysis: Mar 25, 2026 • SEC Data: 2025-12-31
📅 Next earnings: Apr 21, 2026 (in 5 days) • Pre-market ET • EPS est. $0.72 (vs $0.64 prior year) • All earnings →
Combined AI Rating
SELL
78% Confidence
STRONG AGREEMENT
SELL
78% Conf
SELL
78% Conf

📊 FOR Key Takeaways

Revenue: $273.0M
Net Margin: 5.6%
Free Cash Flow: $-157.1M
Current Ratio: N/A
Debt/Equity: 0.44x
EPS: $0.30
AI Rating: SELL with 78% confidence
Forestar Group Inc. (FOR) receives a SELL rating with 78% confidence from our AI fundamental analysis based on SEC 10-K filings. With revenue of $273.0M, net profit margin of 5.6%, and return on equity (ROE) of 0.9%, Forestar Group Inc. demonstrates mixed fundamentals in the Real Estate sector. Below is our complete FOR stock analysis for 2026.

Is Forestar Group Inc. (FOR) a Good Investment?

Claude

Forestar Group demonstrates deteriorating operational performance with net income declining 17.5% YoY despite 7.6% revenue growth, indicating significant margin compression. Negative operating cash flow of -$157M combined with weak profitability ratios (3.7% gross margin, 0.9% ROE, 0.5% ROA) suggests fundamental operational challenges that outweigh modest revenue expansion.

ChatGPT

Forestar Group shows modest top-line growth, but earnings quality appears weak as net income declined year over year and operating cash flow was deeply negative. Profitability is thin, returns on capital are very low, and the combination of heavy cash burn with meaningful long-term debt limits financial flexibility despite a still-solid equity base.

Why Buy Forestar Group Inc. Stock? FOR Key Strengths

Claude
  • + Revenue growth of 7.6% YoY demonstrates market demand for services
  • + Substantial asset base of $3.2B provides capital for operations
  • + Moderate debt-to-equity ratio of 0.44x indicates manageable leverage relative to real estate sector
  • + Healthy cash position of $211.7M provides near-term liquidity buffer
ChatGPT
  • + Revenue is still growing year over year, indicating underlying demand has not collapsed
  • + Balance sheet leverage is not excessive with debt-to-equity of 0.44x and a sizable equity cushion
  • + Cash balance of $211.7M provides some near-term liquidity support

FOR Stock Risks: Forestar Group Inc. Investment Risks

Claude
  • ! Severe negative free cash flow of -$157.1M indicates business is consuming rather than generating cash
  • ! Profitability deterioration with net income down 17.5% YoY while revenue only grew 7.6% signals margin compression and cost control issues
  • ! Extremely weak profit margins (3.7% gross, 5.6% net) leave minimal cushion for operational disruptions
  • ! Abysmal returns on equity (0.9%) and assets (0.5%) indicate poor capital efficiency
  • ! Negative operating cash flow despite positive net income suggests quality of earnings concerns and working capital stress
ChatGPT
  • ! Operating cash flow and free cash flow are deeply negative, which raises concerns about growth quality and working capital intensity
  • ! Net income, EPS, ROE, and ROA are weak, indicating poor capital efficiency and deteriorating profitability
  • ! Margins are very thin, leaving limited room for execution mistakes or softer real estate market conditions

Key Metrics to Watch

Claude
  • * Operating cash flow trend - critical turnaround indicator
  • * Gross margin trajectory - shows pricing power and cost management
  • * Net income growth relative to revenue growth - quality of earnings indicator
  • * Return on equity trend - demonstrates capital allocation effectiveness
  • * Long-term debt levels - monitoring leverage sustainability with negative FCF
ChatGPT
  • * Operating cash flow relative to net income
  • * Net margin and return on equity trend

Forestar Group Inc. (FOR) Financial Metrics & Key Ratios

Revenue
$273.0M
Net Income
$15.4M
EPS (Diluted)
$0.30
Free Cash Flow
$-157.1M
Total Assets
$3.2B
Cash Position
$211.7M

💡 AI Analyst Insight

The current ratio below 1.0x warrants monitoring of short-term liquidity.

FOR Profit Margin, ROE & Profitability Analysis

Gross Margin 3.7%
Operating Margin 7.6%
Net Margin 5.6%
ROE 0.9%
ROA 0.5%
FCF Margin -57.5%

FOR vs Real Estate Sector: How Forestar Group Inc. Compares

How Forestar Group Inc. compares to Real Estate sector averages

Net Margin
FOR 5.6%
vs
Sector Avg 20.0%
FOR Sector
ROE
FOR 0.9%
vs
Sector Avg 8.0%
FOR Sector
Current Ratio
FOR 0.0x
vs
Sector Avg 1.5x
FOR Sector
Debt/Equity
FOR 0.4x
vs
Sector Avg 1.5x
FOR Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is Forestar Group Inc. Stock Overvalued? FOR Valuation Analysis 2026

Based on fundamental analysis, Forestar Group Inc. has mixed fundamental signals relative to the Real Estate sector in 2026.

Return on Equity
0.9%
Sector avg: 8%
Net Profit Margin
5.6%
Sector avg: 20%
Revenue Growth
N/A
Year-over-year
Debt/Equity
0.44x
Sector avg: 1.5x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

Forestar Group Inc. Balance Sheet: FOR Debt, Cash & Liquidity

Current Ratio
N/A
Quick Ratio
N/A
Debt/Equity
0.44x
Debt/Assets
43.7%
Interest Coverage
N/A
Long-term Debt
$793.2M

FOR Revenue & Earnings Growth: 5-Year Financial Trend

FOR 5-year financial data: Year 2023: Revenue $1.5B, Net Income $110.2M, EPS $2.25. Year 2024: Revenue $1.5B, Net Income $178.8M, EPS $3.59. Year 2025: Revenue $1.5B, Net Income $166.9M, EPS $3.33.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: Forestar Group Inc.'s revenue has shown modest growth of 6% over the 5-year period. The most recent EPS of $3.33 reflects profitable operations.

FOR Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
-57.5%
Free cash flow / Revenue

FOR Quarterly Earnings & Performance

Quarterly financial performance data for Forestar Group Inc. including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q1 2026 $235.2M $15.4M $0.30
Q3 2025 $305.8M $16.5M $0.65
Q2 2025 $325.9M $16.5M $0.62
Q1 2025 $247.4M $16.5M $0.32
Q3 2024 $305.8M $20.8M $0.76

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

Forestar Group Inc. Dividends, Buybacks & Capital Allocation

Operating Cash Flow
-$157.0M
Cash generated from operations
Capital Expenditures
$100.0K
Investment in assets
Dividends
None
No dividend program

FOR SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for Forestar Group Inc. (CIK: 0001406587)

📋 Recent SEC Filings

Date Form Document Action
Apr 2, 2026 4 xslF345X06/wk-form4_1775160434.xml View →
Apr 2, 2026 4 xslF345X06/wk-form4_1775160336.xml View →
Mar 31, 2026 4 xslF345X06/wk-form4_1774987676.xml View →
Mar 31, 2026 4 xslF345X06/wk-form4_1774987649.xml View →
Mar 31, 2026 4 xslF345X06/wk-form4_1774987622.xml View →

Frequently Asked Questions about FOR

What is the AI rating for FOR?

Forestar Group Inc. (FOR) has a Combined AI Rating of SELL from Claude (SELL) and ChatGPT (SELL) with 78% combined confidence, based on fundamental analysis of SEC EDGAR filings.

What are FOR's key strengths?

Claude: Revenue growth of 7.6% YoY demonstrates market demand for services. Substantial asset base of $3.2B provides capital for operations. ChatGPT: Revenue is still growing year over year, indicating underlying demand has not collapsed. Balance sheet leverage is not excessive with debt-to-equity of 0.44x and a sizable equity cushion.

What are the risks of investing in FOR?

Claude: Severe negative free cash flow of -$157.1M indicates business is consuming rather than generating cash. Profitability deterioration with net income down 17.5% YoY while revenue only grew 7.6% signals margin compression and cost control issues. ChatGPT: Operating cash flow and free cash flow are deeply negative, which raises concerns about growth quality and working capital intensity. Net income, EPS, ROE, and ROA are weak, indicating poor capital efficiency and deteriorating profitability.

What is FOR's revenue and growth?

Forestar Group Inc. reported revenue of $273.0M.

Does FOR pay dividends?

Forestar Group Inc. does not currently pay dividends.

Where can I find FOR SEC filings?

Official SEC filings for Forestar Group Inc. (CIK: 0001406587) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is FOR's EPS?

Forestar Group Inc. has a diluted EPS of $0.30.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.

Is FOR a good stock to buy right now?

Based on our AI fundamental analysis in April 2026, Forestar Group Inc. has a SELL rating with 78% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.

Is FOR stock overvalued or undervalued?

Valuation metrics for FOR: ROE of 0.9% (sector avg: 8%), net margin of 5.6% (sector avg: 20%). Compare these metrics with sector averages to assess valuation.

Should I buy FOR stock in 2026?

Our dual AI analysis gives Forestar Group Inc. a combined SELL rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.

What is FOR's free cash flow?

Forestar Group Inc.'s operating cash flow is $-157.0M, with capital expenditures of $100.0K. FCF margin is -57.5%.

How does FOR compare to other Real Estate stocks?

Vs Real Estate sector averages: Net margin 5.6% (avg: 20%), ROE 0.9% (avg: 8%), current ratio N/A (avg: 1.5).

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: Mar 25, 2026 | Data as of: 2025-12-31 | Powered by Claude AI