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Side-by-side financial comparison of ATLANTIC AMERICAN CORP (AAME) and FORRESTER RESEARCH, INC. (FORR). Click either name above to swap in a different company.
FORRESTER RESEARCH, INC. is the larger business by last-quarter revenue ($101.1M vs $53.8M, roughly 1.9× ATLANTIC AMERICAN CORP). ATLANTIC AMERICAN CORP runs the higher net margin — 1.1% vs -33.5%, a 34.6% gap on every dollar of revenue. On growth, ATLANTIC AMERICAN CORP posted the faster year-over-year revenue change (20.8% vs -6.5%). ATLANTIC AMERICAN CORP produced more free cash flow last quarter ($6.6M vs $-4.3M). Over the past eight quarters, ATLANTIC AMERICAN CORP's revenue compounded faster (7.2% CAGR vs 0.5%).
The Atlantic Telegraph Company was a company formed on 6 November 1856 to undertake and exploit a commercial telegraph cable across the Atlantic Ocean, the first such telecommunications link.
Forrester Research, Inc. is a research and advisory firm working in research, consulting and events. Forrester’s clients include large global business, technology and consumer enterprises. The firm is headquartered in Cambridge, MA.
AAME vs FORR — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $53.8M | $101.1M |
| Net Profit | $577.0K | $-33.9M |
| Gross Margin | — | 56.7% |
| Operating Margin | 1.4% | -36.6% |
| Net Margin | 1.1% | -33.5% |
| Revenue YoY | 20.8% | -6.5% |
| Net Profit YoY | 128.9% | -7941.4% |
| EPS (diluted) | $0.02 | $-1.75 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | — | $101.1M | ||
| Q3 25 | $53.8M | $94.3M | ||
| Q2 25 | $55.3M | $111.7M | ||
| Q1 25 | $50.1M | $89.9M | ||
| Q4 24 | $49.0M | $108.0M | ||
| Q3 24 | $44.5M | $102.5M | ||
| Q2 24 | $47.7M | $121.8M | ||
| Q1 24 | $47.0M | $100.1M |
| Q4 25 | — | $-33.9M | ||
| Q3 25 | $577.0K | $-2.1M | ||
| Q2 25 | $3.3M | $3.9M | ||
| Q1 25 | $802.0K | $-87.3M | ||
| Q4 24 | $412.0K | $432.0K | ||
| Q3 24 | $-2.0M | $-5.8M | ||
| Q2 24 | $-684.0K | $6.3M | ||
| Q1 24 | $-2.0M | $-6.7M |
| Q4 25 | — | 56.7% | ||
| Q3 25 | — | 60.0% | ||
| Q2 25 | — | 55.5% | ||
| Q1 25 | — | 55.9% | ||
| Q4 24 | — | 58.8% | ||
| Q3 24 | — | 60.5% | ||
| Q2 24 | — | 57.3% | ||
| Q1 24 | — | 54.9% |
| Q4 25 | — | -36.6% | ||
| Q3 25 | 1.4% | 4.7% | ||
| Q2 25 | 7.6% | 6.2% | ||
| Q1 25 | 2.1% | -97.5% | ||
| Q4 24 | 1.1% | -0.5% | ||
| Q3 24 | -5.5% | -0.7% | ||
| Q2 24 | -1.8% | 9.3% | ||
| Q1 24 | -5.3% | -9.3% |
| Q4 25 | — | -33.5% | ||
| Q3 25 | 1.1% | -2.3% | ||
| Q2 25 | 6.0% | 3.5% | ||
| Q1 25 | 1.6% | -97.1% | ||
| Q4 24 | 0.8% | 0.4% | ||
| Q3 24 | -4.5% | -5.7% | ||
| Q2 24 | -1.4% | 5.2% | ||
| Q1 24 | -4.3% | -6.7% |
| Q4 25 | — | $-1.75 | ||
| Q3 25 | $0.02 | $-0.11 | ||
| Q2 25 | $0.15 | $0.20 | ||
| Q1 25 | $0.03 | $-4.62 | ||
| Q4 24 | $0.01 | $0.02 | ||
| Q3 24 | $-0.10 | $-0.30 | ||
| Q2 24 | $-0.04 | $0.33 | ||
| Q1 24 | $-0.10 | $-0.35 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $34.4M | $63.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $109.5M | $126.5M |
| Total Assets | $430.9M | $404.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $63.3M | ||
| Q3 25 | $34.4M | $65.1M | ||
| Q2 25 | $46.4M | $67.8M | ||
| Q1 25 | $35.9M | $75.6M | ||
| Q4 24 | $35.6M | $56.1M | ||
| Q3 24 | $23.0M | $62.8M | ||
| Q2 24 | $21.2M | $58.9M | ||
| Q1 24 | $21.2M | $61.4M |
| Q4 25 | — | $126.5M | ||
| Q3 25 | $109.5M | $157.7M | ||
| Q2 25 | $106.2M | $159.5M | ||
| Q1 25 | $102.4M | $147.4M | ||
| Q4 24 | $99.6M | $229.5M | ||
| Q3 24 | $105.8M | $234.3M | ||
| Q2 24 | $100.7M | $237.1M | ||
| Q1 24 | $102.8M | $230.9M |
| Q4 25 | — | $404.0M | ||
| Q3 25 | $430.9M | $414.2M | ||
| Q2 25 | $429.3M | $436.0M | ||
| Q1 25 | $388.4M | $439.8M | ||
| Q4 24 | $393.4M | $503.9M | ||
| Q3 24 | $387.0M | $505.3M | ||
| Q2 24 | $386.0M | $524.2M | ||
| Q1 24 | $365.8M | $555.7M |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $6.6M | $-3.2M |
| Free Cash FlowOCF − Capex | $6.6M | $-4.3M |
| FCF MarginFCF / Revenue | 12.3% | -4.2% |
| Capex IntensityCapex / Revenue | 0.1% | 1.1% |
| Cash ConversionOCF / Net Profit | 11.51× | — |
| TTM Free Cash FlowTrailing 4 quarters | $19.3M | $18.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-3.2M | ||
| Q3 25 | $6.6M | $1.2M | ||
| Q2 25 | $9.3M | $-3.6M | ||
| Q1 25 | $-722.0K | $26.7M | ||
| Q4 24 | $4.8M | $-1.8M | ||
| Q3 24 | $90.0K | $264.0K | ||
| Q2 24 | $416.0K | $-2.9M | ||
| Q1 24 | $-5.3M | $611.0K |
| Q4 25 | — | $-4.3M | ||
| Q3 25 | $6.6M | $524.0K | ||
| Q2 25 | $9.1M | $-4.2M | ||
| Q1 25 | $-986.0K | $26.1M | ||
| Q4 24 | $4.6M | $-2.5M | ||
| Q3 24 | $58.0K | $-223.0K | ||
| Q2 24 | $361.0K | $-3.7M | ||
| Q1 24 | $-5.4M | $-815.0K |
| Q4 25 | — | -4.2% | ||
| Q3 25 | 12.3% | 0.6% | ||
| Q2 25 | 16.5% | -3.8% | ||
| Q1 25 | -2.0% | 29.0% | ||
| Q4 24 | 9.3% | -2.3% | ||
| Q3 24 | 0.1% | -0.2% | ||
| Q2 24 | 0.8% | -3.1% | ||
| Q1 24 | -11.4% | -0.8% |
| Q4 25 | — | 1.1% | ||
| Q3 25 | 0.1% | 0.7% | ||
| Q2 25 | 0.3% | 0.5% | ||
| Q1 25 | 0.5% | 0.7% | ||
| Q4 24 | 0.5% | 0.6% | ||
| Q3 24 | 0.1% | 0.5% | ||
| Q2 24 | 0.1% | 0.7% | ||
| Q1 24 | 0.1% | 1.4% |
| Q4 25 | — | — | ||
| Q3 25 | 11.51× | — | ||
| Q2 25 | 2.80× | -0.93× | ||
| Q1 25 | -0.90× | — | ||
| Q4 24 | 11.65× | -4.24× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | -0.46× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AAME
| Bankers Fidelity | $30.0M | 56% |
| American Southern | $23.7M | 44% |
FORR
| Research Segment | $82.2M | 81% |
| Consulting Segment | $16.2M | 16% |
| Billable Expenses | $1.5M | 2% |
| Professional Services | $1.4M | 1% |
