Forestar Group Inc. Q4 2025 Earnings Recap

Forestar reported a strong finish to fiscal 2025, achieving $670 million in fourth-quarter revenue and $1.7 billion for the year, signaling resilience amidst a challenging housing market.

Key Takeaways

• Fourth-quarter net income rose 7% to $87 million, resulting in a full-year net income of $168 million.
• Revenue increased 22% in the fourth quarter and 10% for the year, exceeding prior guidance, with significant contributions from tract sales.
• Book value per share reached $34.78, an 11% increase year-over-year, reflecting strong underlying asset value.
• Forestar ended the year with $968 million in liquidity and nearly 100,000 lots in inventory, underpinned by a robust investment strategy.
• The company continues to strengthen ties with key customers, particularly D.R. Horton, aiming for significant growth in lot sales through strategic partnerships.