Forestar Group Inc. Reports Fourth Quarter and Fiscal 2025 Results

Forestar Group Inc. announced its financial results for the fourth quarter and fiscal year ended September 30, 2025. The company reported a 7% increase in net income to $87.0 million for the quarter, with pre-tax income rising 4% to $113.1 million. Consolidated revenues for the quarter increased 22% to $670.5 million, driven by the sale of 4,891 lots. For the fiscal year, net income totaled $167.9 million, with pre-tax income of $219.3 million and consolidated revenues of $1.7 billion from the sale of 14,240 lots. The company's lot position at the end of the fiscal year was 99,800 lots, with 23,800 lots under contract to be sold, representing approximately $2.1 billion of future revenue. Forestar ended the fiscal year with $968.1 million in total liquidity and a net debt to total capital ratio of 19.3%. The company expects to deliver between 14,000 and 15,000 lots in fiscal 2026, generating $1.6 billion to $1.7 billion in revenue.