FORESTAR GROUP INC.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.66B | $1.51B | $1.44B | $1.52B | $1.33B | $931.8M | $428.3M | — |
| Cost of Revenue | $1.30B | $1.15B | $1.13B | $1.20B | $1.10B | $813.7M | $362.7M | — |
| Gross Profit | $363.5M | $359.3M | $304.1M | $324.0M | $229.2M | $118.1M | $65.6M | — |
| Gross Margin | 21.9% | 23.8% | 21.2% | 21.3% | 17.3% | 12.7% | 15.3% | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $154.4M | $118.5M | $97.7M | $93.6M | $68.4M | $45.7M | $28.9M | — |
| Operating Income | $219.3M | $270.1M | $221.6M | $235.8M | $146.6M | $78.1M | $45.7M | — |
| Operating Margin | 13.2% | 17.9% | 15.4% | 15.5% | 11.1% | 8.4% | 10.7% | — |
| Interest Expense | — | — | — | — | — | $0 | $0 | — |
| Pretax Income | $219.3M | $270.1M | $221.6M | $235.8M | $146.6M | $78.1M | $45.7M | — |
| Income Tax Expense | $51.4M | $66.7M | $54.7M | $57.0M | $36.1M | $16.4M | $9.4M | — |
| Net Income | $167.9M | $203.4M | $166.9M | $178.8M | $110.2M | $60.8M | $33.0M | — |
| Net Margin | 10.1% | 13.5% | 11.6% | 11.8% | 8.3% | 6.5% | 7.7% | — |
| EPS (Basic) | $3.30 | $4.03 | $3.34 | $3.59 | $2.25 | $1.26 | $0.79 | — |
| EPS (Diluted) | $3.29 | $4.00 | $3.33 | $3.59 | $2.25 | $1.26 | $0.79 | — |
| Shares Outstanding (Basic) | 50.9M | 50.4M | 50.0M | 49.8M | 48.9M | 48.0M | 42.0M | 42.0M |
| Shares Outstanding (Diluted) | 51.1M | 50.8M | 50.1M | 49.8M | 49.0M | 48.1M | 42.0M | 42.0M |
| Dividends Per Share | — | — | — | — | — | — | — | — |