FOR Forestar Group margins

Relative Growth: Rel. Growth:

Relative Strength: Rel. Strength:

Relative Valuation: Rel. Valuation:

Relative Profitability: Rel. Profitability: 46

Gross margin

21.4%

Operating margin

12.6%

EBITDA margin

13.3%

Net margin

9.9%

The Forestar Group shows a gross margin of 21.4%, an operating margin of 12.6%, an EBITDA margin of 13.3%, and a net margin of 9.9%. All reported margins declined year over year, led by gross margin with a decline of 1 percentage points.

FOR margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, Forestar Group's margins averaged 22.37% gross, 14.25% operating, 15.3% EBITDA, and 11.42% net. All four current margins are below their three-year averages.

FOR margin expansion

Year-over-year margin changes in percentage points

The biggest contraction was in gross margin, which fell by 1 percentage point. The other available margins also declined.

Gross margin expansion

-1pp

Operating margin expansion

-0.8pp

EBITDA margin expansion

-0.8pp

Net margin expansion

-0.6pp

FOR Gross margin

Looking at the last 3 years, Forestar Group had an average gross margin of 22.37%. The current gross margin stands at 21.4%, 1 percentage points below its three-year average. Looking back over the last 3 years, Forestar Group's gross margin reached 23.8% at its highest point in Sep 2024 and 21.3% at its lowest in Mar 2026.

FOR Operating margin

Forestar Group's operating margin averaged 14.25% across the past 3 years. Compared with its three-year average, Forestar Group's current operating margin is 12.6% and is 1.7 percentage points below its three-year average. Over the last 3 years, Forestar Group's operating margin peaked at 16.6% in Sep 2024 and reached a low of 12.6% in Dec 2025.

FOR EBITDA margin

Over the last 3 years, Forestar Group's EBITDA margin averaged 15.3%. Right now, Forestar Group's current EBITDA margin is 13.3%, which is 2 percentage points below its three-year average. During this period, EBITDA margin reached a high of 18.1% in Sep 2024 and a low of 13.1% in Mar 2026.

FOR Net margin

Forestar Group's net margin averaged 11.42% during the last 3 years. Compared with its three-year average, Forestar Group's current net margin is 9.9% and is 1.5 percentage points below its three-year average. Over the last 3 years, Forestar Group's net margin peaked at 13.5% in Sep 2024 and reached a low of 9.8% in Mar 2026.

FOR margin group comparison

Margins compared with peer-group, industry and sector averages

With a gross margin of 21.4%, FOR stands below the Real Estate sector, the industry and its peers average. In comparison with its Real Estate sector average of 60.8%, Forestar Group's gross margin is 65% lower.

FOR margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Forestar Group's gross margin?

For the period ending Jun 30, 2026, FOR recorded a gross margin of 21.4%.

What is Forestar Group's operating margin?

The current operating margin for FOR is 12.6% as of Jun 30, 2026.

What is Forestar Group's EBITDA margin?

As of Jun 30, 2026, FOR has an EBITDA margin of 13.3%.

What is Forestar Group's net margin?

As of Jun 30, 2026, FOR has a net margin of 9.9%.

What are the average margins of FOR?

Looking back over 3 years, FOR recorded average margins of 22.4% gross, 14.3% operating, 15.3% EBITDA, and 11.4% net.

What are the highest historical margins of FOR?

In the last 5 years, the highest margins reported by FOR were 23.8% gross in Sep 2024, 16.6% operating in Sep 2024, 18.1% EBITDA in Sep 2024, and 13.5% net in Sep 2024.

What are the lowest historical margins of FOR?

Over the last 5 years, Forestar Group's lowest margins were 18.1% gross in Dec 2021, 12.6% operating in Dec 2025, 12.2% EBITDA in Dec 2021, and 9% net in Dec 2021.