Forestar Group Inc. (FOR)

Forestar Group Income Statement

Financials in millions USD. Fiscal year is October - September.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020
Operating Revenue	1,543	1,509	1,437	1,519	1,326	931.8
Revenue	1,543	1,509	1,437	1,519	1,326	931.8
Revenue Growth (YoY)	2.35%	5.05%	-5.41%	14.58%	42.28%	117.56%
Cost of Revenue	1,198	1,150	1,113	1,191	1,097	813.7
Gross Profit	345.8	359.3	323.5	327.8	229.2	118.1
Selling, General & Admin	143.8	118.5	97.7	93.6	68.4	45.7
Operating Expenses	143.8	118.5	97.7	93.6	68.4	45.7
Operating Income	202	240.8	225.8	234.2	160.8	72.4
Interest & Investment Income	8.7	19.8	13.6	1	1.2	4.9
Earnings From Equity Investments	-0.6	-	-	1.2	0.2	0.7
Other Non Operating Income (Expenses)	-1	-	-	-	-	-
EBT Excluding Unusual Items	209.1	260.6	239.4	236.4	162.2	78
Gain (Loss) on Sale of Assets	4.5	9.5	1.6	3.2	2.5	0.1
Asset Writedown	-	-	-19.4	-3.8	-	-
Other Unusual Items	1.1	-	-	-	-18.1	-
Pretax Income	214.7	270.1	221.6	235.8	146.6	78.1
Income Tax Expense	52.1	66.7	54.7	57	36.1	16.4
Earnings From Continuing Operations	162.6	203.4	166.9	178.8	110.5	61.7
Net Income to Company	162.6	203.4	166.9	178.8	110.5	61.7
Minority Interest in Earnings	-	-	-	-	-0.3	-0.9
Net Income	162.6	203.4	166.9	178.8	110.2	60.8
Net Income to Common	162.6	203.4	166.9	178.8	110.2	60.8
Net Income Growth	-16.27%	21.87%	-6.65%	62.25%	81.25%	84.24%
Shares Outstanding (Basic)	51	50	50	50	49	48
Shares Outstanding (Diluted)	51	51	50	50	49	48
Shares Change (YoY)	0.80%	1.34%	0.55%	1.79%	1.83%	14.50%
EPS (Basic)	3.20	4.03	3.34	3.59	2.25	1.27
EPS (Diluted)	3.19	4.00	3.33	3.59	2.25	1.26
EPS Growth	-16.87%	20.12%	-7.22%	59.51%	78.57%	60.27%
Free Cash Flow	-337.1	-160.6	362.8	105.2	-304.7	-169
Free Cash Flow Per Share	-6.60	-3.16	7.24	2.11	-6.22	-3.51
Gross Margin	22.41%	23.80%	22.51%	21.58%	17.29%	12.67%
Operating Margin	13.09%	15.95%	15.71%	15.42%	12.13%	7.77%
Profit Margin	10.54%	13.48%	11.62%	11.77%	8.31%	6.53%
Free Cash Flow Margin	-21.84%	-10.64%	25.25%	6.93%	-22.98%	-18.14%
EBITDA	205.3	243.8	228.8	236.9	163.5	77.3
EBITDA Margin	13.30%	16.15%	15.92%	15.60%	12.33%	8.30%
D&A For EBITDA	3.3	3	3	2.7	2.7	4.9
EBIT	202	240.8	225.8	234.2	160.8	72.4
EBIT Margin	13.09%	15.95%	15.71%	15.42%	12.13%	7.77%
Effective Tax Rate	24.27%	24.70%	24.68%	24.17%	24.63%	21.00%

Updated Jul 22, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q