Forestar (FOR) Operating Expenses (2010 - 2026)
Forestar (FOR) reported Operating Expenses of $37.9 million for Q1 2026, down 1.3% on a YoY basis from $38.4 million in Q1 2025, and up 3.84% quarter-over-quarter from $36.5 million in Q4 2025.
Forestar (FOR) Operating Expenses (2010 - 2026) Analysis & Trends
Forestar has reported Operating Expenses for 17 years, with the latest figure at $37.9 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses fell 1.3% year-over-year to $37.9 million; the trailing twelve-month figure through Mar 2026 stood at $154.4 million (up 13.78% YoY), and the FY2025 full-year result was $154.4 million, up 30.3% from the prior year.
- Operating Expenses for Q1 2026 stood at $37.9 million, up from $36.5 million in the prior quarter.
- The five-year high for Operating Expenses was $42.6 million in Q3 2025, with the low at $22.0 million in Q1 2023.
- Historically, Operating Expenses has averaged $30.4 million across 5 years, with a median of $29.2 million in 2024.
- Annual changes were most pronounced in 2022 — Operating Expenses jumped 49.08% — and 2023, when it retreated 9.47%.
- Forestar's Operating Expenses stood at $22.9 million in 2022, then grew by 22.27% to $28.0 million in 2023, then gained by 28.57% to $36.0 million in 2024, then advanced by 1.39% to $36.5 million in 2025, then rose by 3.84% to $37.9 million in 2026.
- The last three Operating Expenses figures came in at $37.9 million (Q1 2026), $36.5 million (Q4 2025), and $42.6 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Vesta Real Estate Corporation, S.A.B. de C.V | 19.89 Bn | 19.69 Bn | - | -9.80 Mn |
| 2 | Howard Hughes Holdings | 3.83 Bn | 2.06 Bn | 182.88 Mn | 185.37 Mn |
| 3 | Century Communities | 1.63 Bn | 1.55 Bn | 637.90 Mn | 22.22 Mn |
| 4 | Forestar | 1.44 Bn | 1.08 Bn | 80.20 Mn | 37.90 Mn |
| 5 | Five Point Holdings | 364.73 Mn | 1.50 Bn | 13.58 Mn | 23.22 Mn |
| 6 | Sky Harbour | 315.28 Mn | 322.47 Mn | 7.09 Mn | 14.05 Mn |
| 7 | Belpointe PREP | 182.32 Mn | 163.36 Mn | - | 15.16 Mn |
| 8 | Amrep | 139.91 Mn | 89.41 Mn | 14.23 Mn | 11.57 Mn |
| 9 | Smith Douglas Homes | 119.50 Mn | 445.34 Mn | 40.45 Mn | 35.91 Mn |
| 10 | JFB Construction Holdings | 91.63 Mn | 66.37 Mn | 681,192.00 | 2.70 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 37.90 Mn |
| Dec 31, 2025 | 36.50 Mn |
| Sep 30, 2025 | 42.60 Mn |
| Jun 30, 2025 | 37.40 Mn |
| Mar 31, 2025 | 38.40 Mn |
| Dec 31, 2024 | 36.00 Mn |
| Sep 30, 2024 | 32.00 Mn |
| Jun 30, 2024 | 29.30 Mn |
| Mar 31, 2024 | 29.20 Mn |
| Dec 31, 2023 | 28.00 Mn |
| Sep 30, 2023 | 26.40 Mn |
| Jun 30, 2023 | 26.40 Mn |
| Mar 31, 2023 | 22.00 Mn |
| Dec 31, 2022 | 22.90 Mn |
| Sep 30, 2022 | 23.70 Mn |
| Jun 30, 2022 | 24.10 Mn |
| Mar 31, 2022 | 24.30 Mn |
| Dec 31, 2021 | 21.50 Mn |
| Sep 30, 2021 | 19.70 Mn |
| Jun 30, 2021 | 16.90 Mn |