FOR - Forestar Group Inc.

📈 Is growth accelerating? 7 metrics

Metric	FY 2025 Sep 30, 2025 10-K ↗	FY 2024 Sep 30, 2024 10-K ↗	FY 2023 Sep 30, 2023 10-K ↗	FY 2022 Sep 30, 2022 10-K ↗	FY 2021 Sep 30, 2021 10-K ↗	FY 2020 Sep 30, 2020 10-K ↗	FY 2019 Sep 30, 2019 10-K ↗	FY 2018 Sep 30, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Revenue Growth YoY (%)	10.1% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+103%)	5.0% Fair ↓ Fair Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: At sector avg	-5.4% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-208%)	14.6% Good ↓ Good Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+192%)	42.3% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+746%)	117.6% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+2251%)	—	—	-42.1% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-941%)	-9.7% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-295%)	-28.8% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-675%)	-7.3% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-247%)	91.8% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+1736%)	27.3% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+446%)	33.8% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+575%)	-30.7% Weak Weak Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-714%)	—	—
EPS Growth YoY (%)	-18.1% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	20.7% Good ↓ Good Declining Year-over-year change in earnings per share Optimal: > 10%	-7.0% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	59.6% Excellent ↓ Excellent Declining Year-over-year change in earnings per share Optimal: > 10%	78.6% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	59.5% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	—	—	-15.0% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	N/M	N/M	-53.1% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	118.9% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	85.0% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	42.9% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	-91.5% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	—	—
Net Income Growth YoY (%)	-17.5% Weak ↓ Weak Declining Year-over-year change in net income	21.9% Good ↓ Good Declining Year-over-year change in net income	-6.7% Weak ↓ Weak Declining Year-over-year change in net income	62.3% Excellent ↓ Excellent Declining Year-over-year change in net income	81.2% Excellent Excellent Year-over-year change in net income	84.2% Excellent Excellent Year-over-year change in net income	—	—	-14.3% Weak Weak Year-over-year change in net income	N/M	N/M	-43.4% Weak ↓ Weak Declining Year-over-year change in net income	126.6% Excellent ↑ Excellent Improving Year-over-year change in net income	80.9% Excellent ↑ Excellent Improving Year-over-year change in net income	39.6% Excellent Excellent Year-over-year change in net income	-91.3% Weak Weak Year-over-year change in net income	—	—
FCF Growth YoY (%)	-23.4% Weak Weak Year-over-year change in free cash flow	N/M	243.7% Excellent Excellent Year-over-year change in free cash flow	N/M	N/M	N/M	—	—	N/M	88.8% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	-66.2% Weak Weak Year-over-year change in free cash flow	20.8% Good Good Year-over-year change in free cash flow	N/M	N/M	161.7% Excellent Excellent Year-over-year change in free cash flow	-90.5% Weak Weak Year-over-year change in free cash flow	—	—
Revenue CAGR 3Y (%)	3.1% Caution ↓ Caution Declining Compound annual revenue growth over 3 years	4.4% Caution ↓ Caution Declining Compound annual revenue growth over 3 years	15.5% Excellent ↓ Excellent Declining Compound annual revenue growth over 3 years	52.5% Excellent ↓ Excellent Declining Compound annual revenue growth over 3 years	—	101.2% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	29.5% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	—	-28.0% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	-15.8% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	8.2% Fair ↓ Fair Declining Compound annual revenue growth over 3 years	31.3% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	48.4% Excellent Excellent Compound annual revenue growth over 3 years	5.7% Fair Fair Compound annual revenue growth over 3 years	—	—	—	—
Revenue CAGR 5Y (%)	12.3% Excellent ↓ Excellent Declining Compound annual revenue growth over 5 years	28.7% Excellent ↓ Excellent Declining Compound annual revenue growth over 5 years	—	67.8% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	46.4% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	33.6% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	6.9% Fair ↑ Fair Improving Compound annual revenue growth over 5 years	—	-7.9% Weak ↓ Weak Declining Compound annual revenue growth over 5 years	7.8% Fair ↓ Fair Declining Compound annual revenue growth over 5 years	16.6% Excellent Excellent Compound annual revenue growth over 5 years	16.0% Excellent Excellent Compound annual revenue growth over 5 years	—	—	—	—	—	—
EPS CAGR 3Y (%)	-2.8% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	21.4% Excellent ↓ Excellent Declining Compound annual EPS growth over 3 years	38.4% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	65.6% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	—	1.9% Caution ↓ Caution Declining Compound annual EPS growth over 3 years	-17.4% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	—	46.3% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	20.0% Excellent ↓ Excellent Declining Compound annual EPS growth over 3 years	—	23.9% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	79.5% Excellent Excellent Compound annual EPS growth over 3 years	-39.2% Weak Weak Compound annual EPS growth over 3 years	—	—	—	—

💰 Are margins durable? 5 metrics

Metric	FY 2025 Sep 30, 2025 10-K ↗	FY 2024 Sep 30, 2024 10-K ↗	FY 2023 Sep 30, 2023 10-K ↗	FY 2022 Sep 30, 2022 10-K ↗	FY 2021 Sep 30, 2021 10-K ↗	FY 2020 Sep 30, 2020 10-K ↗	FY 2019 Sep 30, 2019 10-K ↗	FY 2018 Sep 30, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Operating Margin (%) (%)	—	—	—	—	—	—	—	—	34.8% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+16%)	71.1% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+137%)	11.0% Caution ↓ Caution Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-63%)	12.6% Fair ↓ Fair Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-58%)	14.1% Fair ↓ Fair Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-53%)	15.7% Fair ↓ Fair Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-48%)	42.9% Excellent ↓ Excellent Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+43%)	18.6% Good Good Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-38%)	85.5% Excellent Excellent Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+185%)	—
Effective Tax Rate (%) (%)	23.4% Fair → Fair Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	24.7% Fair → Fair Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	24.7% Fair ↑ Fair Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	24.2% Fair ↑ Fair Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	24.6% Fair ↑ Fair Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	21.0% Good ↓ Good Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	20.6% Good ↓ Good Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	—	87.9% Weak ↓ Weak Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	16.6% Good ↓ Good Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	395.2% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	33.6% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	17.1% Good ↓ Good Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	31.0% Weak → Weak Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	24.6% Fair ↓ Fair Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	29.7% Caution Caution Actual taxes paid relative to pre-tax income Optimal: 15-25%	36.7% Weak Weak Actual taxes paid relative to pre-tax income Optimal: 15-25%	—
Profit Margin (%) (%)	10.1% Fair ↓ Fair Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-60%)	13.5% Fair ↑ Fair Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-46%)	11.6% Fair ↑ Fair Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-54%)	11.8% Fair ↑ Fair Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-53%)	8.3% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-67%)	6.5% Caution ↓ Caution Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-74%)	7.7% Caution ↓ Caution Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-69%)	—	44.0% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+76%)	29.7% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+19%)	-97.5% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-490%)	5.4% Caution ↓ Caution Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-78%)	8.9% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-65%)	7.5% Caution ↓ Caution Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-70%)	5.3% Caution ↓ Caution Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-79%)	5.1% Caution Caution Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-80%)	40.4% Excellent Excellent Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+62%)	—
FCF Margin (%) (%)	-12.0% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	-10.6% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	25.2% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	6.9% Caution ↑ Caution Improving Free cash flow as a percentage of revenue Optimal: > 10%	-23.0% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	18.0% Good ↑ Good Improving Free cash flow as a percentage of revenue Optimal: > 10%	-91.3% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	—	-14.2% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	33.9% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	16.1% Good → Good Stable Free cash flow as a percentage of revenue Optimal: > 10%	34.9% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	26.8% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	-12.9% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	25.8% Excellent ↓ Excellent Declining Free cash flow as a percentage of revenue Optimal: > 10%	13.4% Fair Fair Free cash flow as a percentage of revenue Optimal: > 10%	97.2% Excellent Excellent Free cash flow as a percentage of revenue Optimal: > 10%	—
FCF / Net Income (x)	-1.19x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	-0.79x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	2.17x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	0.59x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	-2.76x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	2.76x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	-11.85x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	—	-0.32x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	1.14x Fair ↓ Fair Declining Free cash flow relative to reported net income Optimal: > 1x	-0.16x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	6.46x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	3.03x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	-1.72x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	4.89x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	2.64x Excellent Excellent Free cash flow relative to reported net income Optimal: > 1x	2.40x Excellent Excellent Free cash flow relative to reported net income Optimal: > 1x	—

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Sep 30, 2025 10-K ↗	FY 2024 Sep 30, 2024 10-K ↗	FY 2023 Sep 30, 2023 10-K ↗	FY 2022 Sep 30, 2022 10-K ↗	FY 2021 Sep 30, 2021 10-K ↗	FY 2020 Sep 30, 2020 10-K ↗	FY 2019 Sep 30, 2019 10-K ↗	FY 2018 Sep 30, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Return on Invested Capital (%)	—	—	—	—	—	—	—	—	0.7% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	17.5% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	-8.0% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	2.3% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	3.6% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	2.3% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	6.0% Caution Caution Return earned on debt + equity capital invested Optimal: > 10%	1.8% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	—	—
Return on Capital (%) (%)	—	—	—	—	—	—	—	—	5.2% Caution ↓ Caution Declining Operating profit relative to total assets Optimal: > 10%	19.1% Excellent ↑ Excellent Improving Operating profit relative to total assets Optimal: > 10%	2.5% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	3.1% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	4.0% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	3.0% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	7.3% Fair Fair Operating profit relative to total assets Optimal: > 10%	2.4% Weak Weak Operating profit relative to total assets Optimal: > 10%	—	—
Return on Common Equity (%) (%)	9.5% Caution ↓ Caution Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+19%)	12.8% Fair → Fair Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+59%)	12.2% Fair ↑ Fair Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+52%)	14.9% Fair ↑ Fair Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+87%)	10.9% Fair ↑ Fair Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+36%)	7.0% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-13%)	4.1% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-49%)	—	8.3% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: At sector avg	10.5% Fair ↑ Fair Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+31%)	-42.5% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-631%)	2.3% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-71%)	4.1% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-48%)	2.4% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-69%)	1.4% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-82%)	1.0% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-87%)	—	—

⚖️ Is the balance sheet risky? 4 metrics

Metric	FY 2025 Sep 30, 2025 10-K ↗	FY 2024 Sep 30, 2024 10-K ↗	FY 2023 Sep 30, 2023 10-K ↗	FY 2022 Sep 30, 2022 10-K ↗	FY 2021 Sep 30, 2021 10-K ↗	FY 2020 Sep 30, 2020 10-K ↗	FY 2019 Sep 30, 2019 10-K ↗	FY 2018 Sep 30, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Debt to Equity (x)	0.45x Good ↓ Good Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-55%)	0.44x Good ↓ Good Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-56%)	0.51x Good ↓ Good Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-49%)	0.59x Good ↓ Good Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-41%)	0.69x Fair ↑ Fair Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-31%)	0.74x Fair ↑ Fair Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-26%)	0.57x Good ↑ Good Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-43%)	0.17x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-83%)	0.18x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-82%)	0.20x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-80%)	0.76x Fair ↑ Fair Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-24%)	0.61x Fair ↑ Fair Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-39%)	0.50x Good ↑ Good Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-50%)	0.56x Good ↑ Good Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-44%)	0.43x Good Good Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-57%)	0.43x Good Good Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-57%)	—	—
Interest Coverage (x)	—	—	—	—	—	—	—	—	4.66x Fair ↑ Fair Improving Operating income divided by interest expense Optimal: > 5x	7.02x Good ↑ Good Improving Operating income divided by interest expense Optimal: > 5x	0.70x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	1.28x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	2.33x Caution ↑ Caution Improving Operating income divided by interest expense Optimal: > 5x	1.40x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	3.42x Fair ↓ Fair Declining Operating income divided by interest expense Optimal: > 5x	1.15x Weak Weak Operating income divided by interest expense Optimal: > 5x	6.11x Good Good Operating income divided by interest expense Optimal: > 5x	—
Net Debt (USD)	$423.50M	$225.20M	$79.00M	$441.20M	$550.90M	$246.80M	$77.70M	$-207.10M	$-213.35M	$-155.44M	$285.07M	$262.62M	$165.10M	$283.70M	$203.30M	$216.22M	$-21.05M	$-8.13M
Debt / EBITDA (x)	—	—	—	—	—	—	—	—	2.40x Fair ↓ Fair Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	0.73x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	5.53x Weak → Weak Stable Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	5.38x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	4.67x Weak ↓ Weak Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	6.38x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	3.22x Caution Caution Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	7.94x Weak Weak Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—

📊 What does each share earn? 6 metrics

Metric	FY 2025 Sep 30, 2025 10-K ↗	FY 2024 Sep 30, 2024 10-K ↗	FY 2023 Sep 30, 2023 10-K ↗	FY 2022 Sep 30, 2022 10-K ↗	FY 2021 Sep 30, 2021 10-K ↗	FY 2020 Sep 30, 2020 10-K ↗	FY 2019 Sep 30, 2019 10-K ↗	FY 2018 Sep 30, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Revenue per Share (USD)	$32.68	$29.93	$28.75	$30.49	$27.11	$19.40	$10.20	—	$2.71	$5.71	$6.38	$8.69	$9.36	$4.90	$3.83	$2.82	$4.07	—
Basic EPS, GAAP (USD)	$3.30	$4.03	$3.34	$3.59	$2.25	$1.26	$0.79	—	$1.19	$1.40	$-6.22	$0.38	$0.81	$0.37	$0.20	$0.14	$1.65	—
Free Cash Flow per Share (USD)	$-3.93	$-3.18	$7.26	$2.11	$-6.23	$3.49	$-9.32	—	$-0.38	$1.94	$1.03	$3.03	$2.51	$-0.63	$0.99	$0.38	$3.96	—
Book Value per Share (USD)	$34.78	$31.47	$27.43	$24.08	$20.75	$18.13	$19.26	—	$14.34	$16.23	$14.64	$20.02	$20.07	$15.04	$14.39	$14.20	—	—
Tangible Book Value per Share (USD)	$34.78	$31.47	$27.43	$24.08	$20.75	$18.13	$19.26	—	$14.33	$15.13	$13.37	$18.15	$18.19	$13.22	$14.23	$14.20	—	—
Basic Weighted Avg Shares (shares)	50.87M	50.43M	49.99M	49.82M	48.90M	48.04M	41.97M	—	42.14M	34.55M	34.27M	35.32M	35.37M	35.21M	35.41M	35.89M	35.89M	—

🏦 How resilient is the balance sheet? 2 metrics

Metric	FY 2025 Sep 30, 2025 10-K ↗	FY 2024 Sep 30, 2024 10-K ↗	FY 2023 Sep 30, 2023 10-K ↗	FY 2022 Sep 30, 2022 10-K ↗	FY 2021 Sep 30, 2021 10-K ↗	FY 2020 Sep 30, 2020 10-K ↗	FY 2019 Sep 30, 2019 10-K ↗	FY 2018 Sep 30, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
LT Debt (USD)	$802.70M	$706.40M	$695.00M	$706.00M	$704.50M	$641.10M	$460.50M	$111.70M	$108.43M	$110.36M	$381.51M	$432.74M	$357.41M	$294.06M	$221.59M	$221.59M	—	—
Total Equity (USD)	$1.77B	$1.59B	$1.37B	$1.20B	$1.01B	$870.90M	$808.30M	$673.30M	$604.21M	$560.65M	$501.60M	$707.20M	$709.85M	$529.49M	$509.53M	$509.56M	—	—

📋 What is driving earnings? 4 metrics

Metric	FY 2025 Sep 30, 2025 10-K ↗	FY 2024 Sep 30, 2024 10-K ↗	FY 2023 Sep 30, 2023 10-K ↗	FY 2022 Sep 30, 2022 10-K ↗	FY 2021 Sep 30, 2021 10-K ↗	FY 2020 Sep 30, 2020 10-K ↗	FY 2019 Sep 30, 2019 10-K ↗	FY 2018 Sep 30, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Sales/Revenue/Turnover (USD)	$1.66B	$1.51B	$1.44B	$1.52B	$1.33B	$931.80M	$428.30M	—	$114.32M	$197.31M	$218.58M	$306.77M	$331.05M	$172.59M	$135.57M	$101.36M	$146.25M	—
Depreciation Expense (USD)	$3.50M	$3.00M	$3.00M	$2.70M	$2.70M	$4.90M	$6.70M	—	$5.46M	$11.45M	$45.09M	$41.72M	$29.98M	$18.93M	$10.80M	$9.01M	$9.79M	—
Net Income, GAAP (USD)	$167.90M	$203.40M	$166.90M	$178.80M	$110.20M	$60.80M	$33.00M	—	$50.25M	$58.65M	$-213.05M	$16.58M	$29.32M	$12.94M	$7.15M	$5.12M	$59.11M	—
Operating Cash Flow (USD)	$-197.70M	$-158.40M	$364.10M	$108.70M	$-303.10M	$168.40M	$-391.20M	—	$-16.21M	$66.88M	$35.13M	$107.08M	$88.78M	$-22.22M	$34.99M	$13.55M	$142.12M	—

Forestar Group Inc.

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