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Colliers International vs Forestar: revenue, profit, margins and growth compared

Colliers International brought in $5.6B of revenue in fiscal 2025, Forestar $1.7B in fiscal 2025. Revenue changed by +15.3% at Colliers International and +10.1% at Forestar on the year before, so Colliers International grew faster. Colliers International kept 1.9% of its revenue as net profit, Forestar 10.1%. Free cash flow was $251.4M at Colliers International and -$199.9M at Forestar.

Side by side, latest fiscal year

CIGIFOR
Fiscal year endedFY2025 (December 31, 2025)FY2025 (September 30, 2025)
Revenue$5.6B$1.7B
Revenue growth+15.3%+10.1%
Net income$103.1M$167.9M
Net margin1.9%10.1%
Free cash flow$251.4M-$199.9M
Free cash flow margin4.5%-12.0%
Earnings per share (diluted)$2.02$3.29
Cash$207.9M$379.2M
Debt$1.6B$802.7M
Price to earningsn/a8.1
Market value$4.6B$1.4B
Dividend yieldn/an/a
Rank by revenue in sector#94 of 444 · Finance#157 of 444 · Finance

Over the years

Revenue
CIGI FY2018: $2.8BCIGI FY2019: $3BCIGI FY2020: $2.8BCIGI FY2021: $4.1BCIGI FY2021: $4.5BCIGI FY2023: $4.3BCIGI FY2024: $4.8BCIGI FY2025: $5.6BFOR FY2017: $114.3MFOR FY2019: $428.3MFOR FY2020: $931.8MFOR FY2021: $1.3BFOR FY2022: $1.5BFOR FY2023: $1.4BFOR FY2024: $1.5BFOR FY2025: $1.7BFY17FY18FY19FY20FY21FY22FY23FY24FY25
CIGI $5.6BFOR $1.7B
Net income
CIGI FY2018: $97.7MCIGI FY2019: $102.9MCIGI FY2020: $49.1MCIGI FY2021: -$390.3MCIGI FY2021: $46.3MCIGI FY2023: $65.5MCIGI FY2024: $161.7MCIGI FY2025: $103.1MFOR FY2017: $50.3MFOR FY2019: $33MFOR FY2020: $60.8MFOR FY2021: $110.2MFOR FY2022: $178.8MFOR FY2023: $166.9MFOR FY2024: $203.4MFOR FY2025: $167.9MFY17FY18FY19FY20FY21FY22FY23FY24FY25
CIGI $103.1MFOR $167.9M
Net margin
CIGI FY2018: 3.5%CIGI FY2019: 3.4%CIGI FY2020: 1.8%CIGI FY2021: -9.5%CIGI FY2021: 1.0%CIGI FY2023: 1.5%CIGI FY2024: 3.4%CIGI FY2025: 1.9%FOR FY2017: 44.0%FOR FY2019: 7.7%FOR FY2020: 6.5%FOR FY2021: 8.3%FOR FY2022: 11.8%FOR FY2023: 11.6%FOR FY2024: 13.5%FOR FY2025: 10.1%FY17FY18FY19FY20FY21FY22FY23FY24FY25
CIGI 1.9%FOR 10.1%
Revenue growth
CIGI FY2019: +7.8%CIGI FY2020: -8.5%CIGI FY2021: +46.7%CIGI FY2021: +9.1%CIGI FY2023: -2.8%CIGI FY2024: +11.2%CIGI FY2025: +15.3%FOR FY2020: +117.6%FOR FY2021: +42.3%FOR FY2022: +14.6%FOR FY2023: -5.4%FOR FY2024: +5.0%FOR FY2025: +10.1%FY19FY20FY21FY22FY23FY24FY25
CIGI +15.3%FOR +10.1%
Free cash flow
CIGI FY2018: $221.9MCIGI FY2019: $266.6MCIGI FY2020: $126.1MCIGI FY2021: $231MCIGI FY2021: -$650KCIGI FY2023: $81.1MCIGI FY2024: $260.9MCIGI FY2025: $251.4MFOR FY2017: -$15.4MFOR FY2019: -$392.1MFOR FY2020: -$169MFOR FY2021: -$304.7MFOR FY2022: $105.2MFOR FY2023: $362.8MFOR FY2024: -$160.6MFOR FY2025: -$199.9MFY17FY18FY19FY20FY21FY22FY23FY24FY25
CIGI $251.4MFOR -$199.9M

Fiscal years as each company reports them; the two may end in different months.

Questions about Colliers International and Forestar

Which is bigger by revenue, Colliers International or Forestar?

Colliers International is bigger by revenue: $5.6B in fiscal 2025, against $1.7B for Forestar in fiscal 2025.

Which keeps more of its revenue as profit, Colliers International or Forestar?

Colliers International had a net margin of 1.9% in fiscal 2025; Forestar had 10.1% in fiscal 2025.

Which grew revenue faster, Colliers International or Forestar?

In their latest fiscal years revenue changed by +15.3% at Colliers International and +10.1% at Forestar.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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