Forestar Group Inc. Earnings Per Share Disclosure
| Year Ended September 30, | |||||||||||||||||
| 2025 | 2024 | 2023 | |||||||||||||||
| (In millions, except share and per share amounts) | |||||||||||||||||
| Numerator: | |||||||||||||||||
| Net income | $ | 167.9 | $ | 203.4 | $ | 166.9 | |||||||||||
| Denominator: | |||||||||||||||||
| Weighted average common shares outstanding — basic | 50,872,335 | 50,426,040 | 49,986,526 | ||||||||||||||
| Dilutive effect of stock-based compensation | 187,517 | 367,914 | 137,587 | ||||||||||||||
| Total weighted average shares outstanding — diluted | 51,059,852 | 50,793,954 | 50,124,113 | ||||||||||||||
| Basic net income per common share | $ | 3.30 | $ | 4.03 | $ | 3.34 | |||||||||||
| Diluted net income per common share | $ | 3.29 | $ | 4.00 | $ | 3.33 | |||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Nov 19, 2025 | Showing above |
| 2024 | Nov 19, 2024 | |
| 2023 | Nov 17, 2023 | |
| 2022 | Nov 17, 2022 | |
| 2021 | Nov 18, 2021 | |
| 2020 | Nov 19, 2020 | |
| 2019 | Nov 21, 2019 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.