Forestar 2025 Q4 Earnings Revenue Up 21.6% with 6.5% Net Income Growth

Forestar (FOR) reported fiscal 2025 Q4 earnings on Nov 19, 2025, delivering robust revenue growth and improved profitability. The results reflect strong operational performance amid evolving market conditions.

Revenue

The total revenue of Forestar surged by 21.6% to $670.50 million in 2025 Q4, a significant increase from $551.40 million in the prior-year period. This growth underscores the company’s effective execution in its core markets.

Earnings/Net Income

Forestar’s earnings per share (EPS) rose 6.1% to $1.71 in 2025 Q4, up from $1.61 in 2024 Q4. Net income also strengthened to $86.90 million, a 6.5% increase from $81.60 million in the same period last year. The 6.1% EPS growth and 6.5% net income increase indicate robust profitability, aligning with the company’s strategic initiatives.

Price Action

The stock price of Forestar edged down 0.43% during the latest trading day, dropped 6.63% during the most recent full trading week, and tumbled 10.78% month-to-date.

Despite strong earnings, the stock faced downward pressure, declining 0.43% in the latest session, 6.63% over the week, and 10.78% month-to-date. This suggests market skepticism about the company’s ability to maintain momentum, possibly due to broader industry challenges or valuation concerns.

CEO Commentary

CEO Insights on Performance and Strategy

Forestar’s CEO highlighted the company’s resilience in delivering double-digit revenue growth and margin expansion. Emphasizing strategic priorities, the CEO noted, “Our focus on high-growth markets and disciplined cost management has driven these results. We remain confident in our long-term positioning, even as we navigate near-term volatility.” The leadership outlook remained cautiously optimistic, with a commitment to balancing growth initiatives with operational efficiency.

Guidance

Forward-Looking Financial Targets

The company guided to continued revenue momentum, with expectations for 2026 Q1 revenue to grow in line with 2025 Q4’s 21.6% pace. EPS is projected to remain stable, reflecting disciplined cost controls and margin preservation. Capital expenditures will prioritize high-impact projects, ensuring alignment with strategic growth objectives.

Additional News

Strategic Expansion and Operational Resilience

Forestar’s 10-K report underscored its geographic diversification across 64 markets in 23 states, enhancing resilience against regional economic cycles. The company sold 14,240 lots in fiscal 2025, with an average price of $108,400, reflecting strong demand for entry-level and active adult housing. Leadership reiterated a focus on land acquisition and development to meet rising housing needs, while managing SG&A expenses to offset inflationary pressures.

No recent M&A activity, C-level changes, or dividend/buyback announcements were disclosed within three weeks of the earnings release. The company remains focused on operational efficiency and market expansion as outlined in its annual report.