Forestar Group Inc.

FORNYSEReal Estate● Active

$28.37

+$0.19(+0.67%)

Market Cap$1.4B

P/E Ratio—

52W High$30.74

52W Low$19.26

Avg Volume145K

Open$28.27

Beta1.42

Overview

Forestar Group Inc. (FOR) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

FOR · free cash flow · updated Jun 8, 2026

Core FCF metrics

FOR · FCF · TTM · margin & CAGR

Free cash flow was −$199.9M for FY2025 (fiscal year ending 2025-09-30), down 24.5% year-over-year The FCF margin was -12.0%.

FY2025 Free Cash Flow−$199.9M▼ -24.5% YoY

Trailing 12M (TTM)$265.2MTrailing 4Q sum · TTM positive vs latest FY negative

FCF Margin-12.0%−$199.9M ÷ revenue

3-Year CAGRN/AN/A — contains negative FCF

5-Year CAGRN/AN/A — contains negative FCF

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

FOR · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest−$197.7M(2M)−$199.9M▼ 24.5%-12.0%

FY2024−$158.4M(2M)−$160.6M▼ 144.3%-10.6%

FY2023$364.1M(1M)$362.8M▲ +244.9%25.3%

FY2022$108.7M(4M)$105.2M▲ +134.5%6.9%

FY2021−$303.1M(2M)−$304.7M▼ 80.3%-23.0%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

FOR · P/FCF · FCF yield · FCF per share

Forestar Group Inc. (FOR) trades at a FCF yield of 18.28% and a price-to-free-cash-flow ratio of 5.4x. FCF per share stands at $5.21, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

18.28%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$5.21

TTM FCF ÷ Shares Outstanding

Price / FCF

x5.4

Share Price ÷ FCF per Share

EV / FCF (TTM)

x7.2

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-09-30

Cash flow statement summary

FOR · cash flow statement · operating / investing / financing

For FY2025, Forestar Group Inc. generated −$197.7M in operating cash flow and spent 2M in capital expenditures, yielding −$199.9M in free cash flow.

Operating Activities

−$197.7M

Cash from core business operations

2025-09-30

Investing Activities

+$3.2M

CapEx, acquisitions & investments

2025-09-30

Financing Activities

+$92.5M

Buybacks, dividends & debt

2025-09-30

FCF FormulaOperating CF (−$197.7M) − |CapEx| (2M) = FCF (−$199.9M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Real Estate)

FOR vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Forestar Group Inc.YOU

FOR

−$199.9M-24.5%-12.0%

Loss

American Tower Corporation

AMT

$3.78B+2.2%35.5%

76%

Simon Property Group, Inc.

Real Estate · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Forestar Group Inc. (FOR) reported free cash flow of −$199.9M for FY2025 (fiscal year ending 2025-09-30), down 24.5% year-over-year. The FCF margin was -12.0%.

Based on available data, Forestar Group Inc. has maintained positive free cash flow for at least 4 fiscal year(s). FCF peaked at $362.8M in FY2023.

Forestar Group Inc.'s FCF yield is 18.28% and price-to-FCF ratio is 5.4x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

FOR free cash flow · 8 questions

Forestar Group Inc. free cash flow was −$199.9M for FY2025, down 24.5% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $265.2M.

FOR free cash flowFOR FCFFOR FCF 2025FOR free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Forestar Group Inc. · Forestar Group Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026