FOR
Real EstateForestar Group Inc. · Real Estate - Development · $1B
What is Forestar Group Inc.?
Forestar Group Inc. is a residential lot developer operating across the United States. As a subsidiary of D.R. Horton, it focuses on acquiring land and delivering finished lots to homebuilders.
Forestar's business model centers on acquiring raw land, developing the necessary infrastructure — roads, utilities, and community layouts — and then selling finished single-family residential lots to homebuilders. Rather than building homes itself, the company sits upstream in the housing supply chain, acting as a land development partner. Its close relationship with D.R. Horton, one of the largest homebuilders in the country, provides a significant portion of its lot demand and operational support.
Forestar Group was established in 2007 and is headquartered in Arlington, Texas.
- Finished single-family residential lot development
- Land acquisition and entitlement services
- Residential community infrastructure development
- Lot supply partnerships with national homebuilders
Is FOR a Good Stock to Buy?
UQS Score rates FOR as Below Average overall, reflecting meaningful weaknesses across several key investment dimensions.
Among the five pillars, Valuation stands out as the relative bright spot, rated Good — suggesting the market may not be pricing in an excessive premium for the business at current levels. Quality comes in at Neutral, indicating the company's fundamentals are neither a clear strength nor a significant drag.
The Moat, Growth, and Risk pillars all carry Weak ratings, pointing to limited competitive differentiation, subdued growth prospects, and elevated risk factors that investors should weigh carefully.
See the exact pillar breakdown and full financial metrics by signing up for a UQS Pro account. Sign up free →
Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does FOR pay dividends?
No — Forestar Group Inc. does not currently pay a dividend.
Forestar Group does not currently pay a dividend. As a land developer with ongoing capital needs for land acquisition and infrastructure buildout, the company directs available resources toward its development pipeline rather than shareholder distributions. Investors seeking income from their real estate exposure may need to look elsewhere in the sector.
When does FOR report earnings?
Forestar Group reports earnings on a quarterly cadence, consistent with standard practice for US-listed equities.
The company's recent results reflect the broader dynamics of the residential housing market, including land cost pressures and homebuilder demand trends. Growth and Risk pillar ratings suggest the earnings trajectory has faced headwinds relative to sector peers.
For the most recent quarter's results and guidance, visit Forestar Group's investor relations page directly.
FOR Price History
+16.2% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in Forestar Group Inc.?
Based on Forestar Group Inc.'s historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
FOR Long-term Outlook
Forestar's fundamental outlook is shaped by its Weak Growth and Weak Risk pillar ratings, which together suggest limited near-term earnings expansion and above-average sensitivity to housing market cycles. The company's fortunes are closely tied to homebuilder activity and interest rate conditions — both of which remain uncertain. The Good Valuation rating offers some cushion, but the overall profile points to a cautious fundamental trajectory rather than a high-conviction growth story.
Growth drivers
- Continued demand for finished lots from D.R. Horton and other national homebuilders
- Expansion into new residential communities across growing US markets
- Potential recovery in housing starts if mortgage rate conditions ease
Key risks
- High sensitivity to housing market downturns and interest rate increases
- Limited competitive moat in a fragmented land development industry
- Concentration risk from reliance on parent company D.R. Horton for demand
FOR vs Peers
Forestar Group operates in a niche segment of real estate development, but several publicly traded peers offer points of comparison for investors evaluating the sector.
Dream Unlimited operates a diversified real estate platform in Canada, spanning development, asset management, and recurring income streams — a broader model than Forestar's lot-focused approach.
Vesta focuses on industrial real estate development in Mexico, giving it exposure to nearshoring trends rather than the US residential housing cycle that drives Forestar.
Melcor is a Canadian land developer and REIT manager with community development roots, offering a comparable land-to-lot model but within the Canadian market context.
Frequently Asked Questions
What does Forestar Group do?
Forestar Group acquires land and develops the infrastructure needed to create finished single-family residential lots, which it then sells to homebuilders. The company does not build homes itself — it operates upstream in the housing supply chain. It functions as a subsidiary of D.R. Horton, one of the largest US homebuilders.
Does FOR pay dividends?
No, Forestar Group does not currently pay a dividend. The company reinvests available capital into land acquisition and development activity rather than returning cash to shareholders. Investors focused on income generation may find other real estate sector options more suitable.
When does FOR report earnings?
Forestar Group follows a standard quarterly earnings cadence for US-listed companies. Specific upcoming report dates are not confirmed in our data. For the latest schedule, check Forestar Group's investor relations page or a financial calendar service.
Is FOR a good stock to buy?
UQS Score rates FOR as Below Average, driven by Weak ratings across the Moat, Growth, and Risk pillars. The Valuation pillar is rated Good, which may offer some relative comfort on price. Whether it suits your portfolio depends on your risk tolerance and investment goals — view the full pillar breakdown on UQS Pro.
Is FOR overvalued?
The UQS Valuation pillar for FOR is rated Good, suggesting the stock does not appear significantly overpriced relative to its fundamentals at current levels. However, valuation alone does not make a complete investment case — the Weak Moat and Growth ratings are important context.
How does FOR compare to its competitors?
Forestar Group's peers in the broader real estate development space include Dream Unlimited, Vesta, and Melcor Developments. Each operates in different geographies and with different business models. FOR's tight focus on US residential lot development and its D.R. Horton relationship sets it apart, though its UQS profile trails what stronger-rated peers in the sector may offer.
What is FOR's market cap bracket?
Forestar Group is classified as a small-cap company. This places it in a segment of the market that can offer growth potential but typically carries higher volatility and liquidity risk compared to large-cap or mega-cap peers in the real estate sector.
Who founded Forestar Group?
Forestar Group was established in 2007. The company has evolved significantly over the years and is now a subsidiary of D.R. Horton, Inc. For detailed founding history and leadership background, Forestar's investor relations materials are the most reliable source.
Is FOR a long-term quality investment?
As a long-term quality indicator, FOR's Below Average UQS Score — with Weak ratings on Moat, Growth, and Risk — raises meaningful questions about its durability and competitive positioning over time. The Good Valuation rating is a positive signal, but long-term quality typically requires stronger fundamentals across multiple pillars.
What is the main competitive advantage of Forestar Group?
Forestar's primary structural advantage is its relationship with D.R. Horton, which provides a reliable source of lot demand and operational backing. However, the UQS Moat pillar is rated Weak, indicating this advantage may not translate into a durable, broad-based competitive position relative to the wider real estate development landscape.
What sector does FOR belong to?
Forestar Group is classified in the Real Estate sector, specifically within residential land development. It occupies a niche role as a finished-lot supplier to homebuilders rather than a traditional property owner, landlord, or REIT structure.
Unlock Full FOR Analysis
Sign in to unlock the detailed analysis behind the UQS Score.
- ✓View the exact UQS Score and all five pillar ratings
- ✓Access complete financial metrics and trend data
- ✓Compare FOR against peers on a standardized scoring framework
- ✓See the full Risk pillar breakdown and key risk flags
- ✓Get the complete analyst-style quality view for FOR
Pro Analysis
FOR — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| Apr 26, 2026 | 46.9 | 54.4 | 20.0 | 16.3 | 69.7 | 97.4 | 0.0 |
| Apr 25, 2026 | 46.9 | 54.4 | 20.0 | 16.3 | 69.7 | 97.1 | +1.0 |
| Apr 24, 2026 | 45.9 | 50.3 | 20.0 | 16.3 | 69.7 | 97.2 | -0.1 |
| Apr 23, 2026 | 46.0 | 50.3 | 20.0 | 16.8 | 69.7 | 97.2 | +10.5 |
| Apr 21, 2026 | 35.5 | 51.3 | 20.0 | 14.9 | 33.6 | 64.4 | 0.0 |
| Apr 18, 2026 | 35.5 | 51.2 | 20.0 | 14.9 | 33.6 | 64.3 | +1.4 |
| Apr 16, 2026 | 34.1 | 51.4 | 20.0 | 14.9 | 33.6 | 54.5 | +0.1 |
| Apr 15, 2026 | 34.0 | 51.3 | 20.0 | 14.9 | 33.6 | 54.5 | -0.1 |
| Apr 14, 2026 | 34.1 | 51.6 | 20.0 | 14.9 | 33.6 | 54.5 | 0.0 |
| Apr 11, 2026 | 34.1 | 51.7 | 20.0 | 14.9 | 33.6 | 54.5 | 0.0 |
FOR — Pillar Breakdown
Quality
— 54.4/100 (25%)Forestar Group Inc. has average quality metrics, with room for improvement in margins or capital efficiency.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Free cash flow relative to market value.
Growth
— 15.0/100 (20%)Forestar Group Inc. faces growth headwinds with declining or stagnant revenue trends.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Analyst consensus for future earnings growth.
Risk
— 38.0/100 (15%)Forestar Group Inc. has some risk factors including moderate leverage or solvency concerns.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 99.5/100 (15%)Forestar Group Inc. appears attractively valued relative to its earnings, cash flows, and sector peers.
Inverse of forward P/E — higher yield means cheaper stock.
Enterprise value multiple relative to sector median.
Moat
— 20/100 (25%)Forestar Group Inc. operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for FOR.
Score Composition
Financial Data
More Stock Analysis
How is the FOR UQS Score Calculated?
The UQS (Unified Quality Score) for Forestar Group Inc. is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses Forestar Group Inc.'s competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether Forestar Group Inc. is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.