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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: Apr 29, 2026 • SEC Data: 2026-03-31
Combined AI Rating
SELL
76% Confidence
STRONG AGREEMENT
SELL
75% Conf
SELL
78% Conf

📊 FOR Key Takeaways

Revenue: $647.3M
Net Margin: 7.3%
Free Cash Flow: $-5.4M
Current Ratio: N/A
Debt/Equity: 0.44x
EPS: $0.93
AI Rating: SELL with 75% confidence
Forestar Group Inc. (FOR) receives a SELL rating with 76% confidence from our AI fundamental analysis based on SEC 10-K filings. With revenue of $647.3M, net profit margin of 7.3%, and return on equity (ROE) of 2.6%, 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

Despite 7.6% revenue growth and positive net income of $47.5M, Forestar exhibits critical operational distress with negative operating cash flow of -$5.1M, indicating the company is not generating cash from core operations. Deteriorating profitability quality is evident in declining diluted EPS (-17.8% YoY), extremely thin gross margins (1.6%), and abysmal returns on equity (2.6%) and assets (1.5%), suggesting structural operational challenges and inefficient capital deployment.

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
  • + Moderate leverage with 0.44x debt/equity ratio and manageable debt structure
  • + Positive net income of $47.5M demonstrates operational profitability at headline level
  • + Strong cash position of $362.2M provides liquidity buffer against near-term operational challenges
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
  • ! Negative operating cash flow (-$5.1M) despite positive earnings signals unsustainable business model and potential working capital deterioration
  • ! Severely depressed return metrics (ROE 2.6%, ROA 1.5%) indicate severe inefficiency in capital utilization and questionable management capital allocation
  • ! Declining diluted EPS (-17.8% YoY) coupled with extremely thin gross margins (1.6%) suggests vulnerability to any operational headwinds or margin compression
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 trajectory and reconciliation to net income divergence
  • * Gross margin stabilization and whether further compression occurs in subsequent periods
  • * Return on equity and asset efficiency improvements or continued deterioration
ChatGPT
  • * Operating cash flow relative to net income
  • * Net margin and return on equity trend

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

Revenue
$647.3M
Net Income
$47.5M
EPS (Diluted)
$0.93
Free Cash Flow
$-5.4M
Total Assets
$3.2B
Cash Position
$362.2M

💡 AI Analyst Insight

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

FOR Profit Margin, ROE & Profitability Analysis

Gross Margin 1.6%
Operating Margin 10.0%
Net Margin 7.3%
ROE 2.6%
ROA 1.5%
FCF Margin -0.8%

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

How Forestar Group Inc. compares to Real Estate sector averages

Net Margin
FOR 7.3%
vs
Sector Avg 20.0%
FOR Sector
ROE
FOR 2.6%
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
2.6%
Sector avg: 8%
Net Profit Margin
7.3%
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
42.6%
Interest Coverage
N/A
Long-term Debt
$793.5M

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
-0.8%
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
Q2 2026 $331.4M $31.6M $0.62
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
-$5.1M
Cash generated from operations
Capital Expenditures
$300.0K
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 23, 2026 10-Q for-20260331.htm View →
Apr 21, 2026 8-K for-20260421.htm View →
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 →

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 76% combined confidence, based on fundamental analysis of SEC EDGAR filings.

What are FOR's key strengths?

Claude: Moderate leverage with 0.44x debt/equity ratio and manageable debt structure. Positive net income of $47.5M demonstrates operational profitability at headline level. 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: Negative operating cash flow (-$5.1M) despite positive earnings signals unsustainable business model and potential working capital deterioration. Severely depressed return metrics (ROE 2.6%, ROA 1.5%) indicate severe inefficiency in capital utilization and questionable management capital allocation. 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 $647.3M.

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 $0.93.

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 May 2026, Forestar Group Inc. has a SELL rating with 76% 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 2.6% (sector avg: 8%), net margin of 7.3% (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 $-5.1M, with capital expenditures of $300.0K. FCF margin is -0.8%.

How does FOR compare to other Real Estate stocks?

Vs Real Estate sector averages: Net margin 7.3% (avg: 20%), ROE 2.6% (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: Apr 29, 2026 | Data as of: 2026-03-31 | Powered by Claude AI