Forestar Group Inc. — Fiscal 2026 Earnings Summary

Forestar Group Inc. reported fiscal 2026 net income of $142.6 million, a 15% decrease from the prior year, driven by consolidated revenues of $1.6 billion from the sale of 13,545 lots. In the fourth quarter of fiscal 2026, the company generated $59.2 million in net income and sold 5,004 lots, resulting in a 13% decline in quarterly revenue compared to the same period in fiscal 2025. As of September 30, 2026, Forestar held a total lot position of 84,400 units, comprising 58,200 owned lots and 26,200 controlled lots, with a book value per share of $37.56. The company maintains a strong liquidity position of $1.3 billion and a net debt to total capital ratio of 6.7%, while projecting the delivery of 12,000 to 13,000 lots in fiscal 2027.