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Side-by-side financial comparison of Acadian Asset Management Inc. (AAMI) and FORRESTER RESEARCH, INC. (FORR). Click either name above to swap in a different company.
Acadian Asset Management Inc. is the larger business by last-quarter revenue ($172.2M vs $101.1M, roughly 1.7× FORRESTER RESEARCH, INC.). Acadian Asset Management Inc. runs the higher net margin — 20.2% vs -33.5%, a 53.7% gap on every dollar of revenue. On growth, Acadian Asset Management Inc. posted the faster year-over-year revenue change (2.6% vs -6.5%). Over the past eight quarters, Acadian Asset Management Inc.'s revenue compounded faster (27.6% CAGR vs 0.5%).
United Asset Management was an American holding company headquartered in Boston, Massachusetts.
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.
AAMI vs FORR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $172.2M | $101.1M |
| Net Profit | $34.7M | $-33.9M |
| Gross Margin | — | 56.7% |
| Operating Margin | 33.3% | -36.6% |
| Net Margin | 20.2% | -33.5% |
| Revenue YoY | 2.6% | -6.5% |
| Net Profit YoY | -18.4% | -7941.4% |
| EPS (diluted) | $0.97 | $-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 | $172.2M | $101.1M | ||
| Q3 25 | $144.2M | $94.3M | ||
| Q2 25 | $127.4M | $111.7M | ||
| Q1 25 | $119.9M | $89.9M | ||
| Q4 24 | $167.8M | $108.0M | ||
| Q3 24 | $123.1M | $102.5M | ||
| Q2 24 | $109.0M | $121.8M | ||
| Q1 24 | $105.7M | $100.1M |
| Q4 25 | $34.7M | $-33.9M | ||
| Q3 25 | $15.1M | $-2.1M | ||
| Q2 25 | $10.1M | $3.9M | ||
| Q1 25 | $20.1M | $-87.3M | ||
| Q4 24 | $42.5M | $432.0K | ||
| Q3 24 | $16.9M | $-5.8M | ||
| Q2 24 | $11.0M | $6.3M | ||
| Q1 24 | $14.6M | $-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 | 33.3% | -36.6% | ||
| Q3 25 | 18.4% | 4.7% | ||
| Q2 25 | 12.7% | 6.2% | ||
| Q1 25 | 26.6% | -97.5% | ||
| Q4 24 | 38.7% | -0.5% | ||
| Q3 24 | 21.9% | -0.7% | ||
| Q2 24 | 18.9% | 9.3% | ||
| Q1 24 | 21.7% | -9.3% |
| Q4 25 | 20.2% | -33.5% | ||
| Q3 25 | 10.5% | -2.3% | ||
| Q2 25 | 7.9% | 3.5% | ||
| Q1 25 | 16.8% | -97.1% | ||
| Q4 24 | 25.3% | 0.4% | ||
| Q3 24 | 13.7% | -5.7% | ||
| Q2 24 | 10.1% | 5.2% | ||
| Q1 24 | 13.8% | -6.7% |
| Q4 25 | $0.97 | $-1.75 | ||
| Q3 25 | $0.42 | $-0.11 | ||
| Q2 25 | $0.28 | $0.20 | ||
| Q1 25 | $0.54 | $-4.62 | ||
| Q4 24 | $1.11 | $0.02 | ||
| Q3 24 | $0.45 | $-0.30 | ||
| Q2 24 | $0.29 | $0.33 | ||
| Q1 24 | $0.37 | $-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 | — | $63.3M |
| Total DebtLower is stronger | $200.0M | — |
| Stockholders' EquityBook value | — | $126.5M |
| Total Assets | $677.0M | $404.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $63.3M | ||
| Q3 25 | — | $65.1M | ||
| Q2 25 | — | $67.8M | ||
| Q1 25 | — | $75.6M | ||
| Q4 24 | — | $56.1M | ||
| Q3 24 | — | $62.8M | ||
| Q2 24 | — | $58.9M | ||
| Q1 24 | — | $61.4M |
| Q4 25 | $200.0M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $275.0M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | $126.5M | ||
| Q3 25 | — | $157.7M | ||
| Q2 25 | — | $159.5M | ||
| Q1 25 | — | $147.4M | ||
| Q4 24 | — | $229.5M | ||
| Q3 24 | — | $234.3M | ||
| Q2 24 | — | $237.1M | ||
| Q1 24 | — | $230.9M |
| Q4 25 | $677.0M | $404.0M | ||
| Q3 25 | $751.4M | $414.2M | ||
| Q2 25 | $672.3M | $436.0M | ||
| Q1 25 | $677.3M | $439.8M | ||
| Q4 24 | $703.2M | $503.9M | ||
| Q3 24 | $555.2M | $505.3M | ||
| Q2 24 | $533.1M | $524.2M | ||
| Q1 24 | $544.9M | $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 | $-2.4M | $-3.2M |
| Free Cash FlowOCF − Capex | — | $-4.3M |
| FCF MarginFCF / Revenue | — | -4.2% |
| Capex IntensityCapex / Revenue | — | 1.1% |
| Cash ConversionOCF / Net Profit | -0.07× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $18.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-2.4M | $-3.2M | ||
| Q3 25 | $-23.9M | $1.2M | ||
| Q2 25 | $61.6M | $-3.6M | ||
| Q1 25 | $-48.8M | $26.7M | ||
| Q4 24 | $55.8M | $-1.8M | ||
| Q3 24 | $69.6M | $264.0K | ||
| Q2 24 | $45.7M | $-2.9M | ||
| Q1 24 | $-40.4M | $611.0K |
| Q4 25 | — | $-4.3M | ||
| Q3 25 | — | $524.0K | ||
| Q2 25 | — | $-4.2M | ||
| Q1 25 | — | $26.1M | ||
| Q4 24 | — | $-2.5M | ||
| Q3 24 | — | $-223.0K | ||
| Q2 24 | — | $-3.7M | ||
| Q1 24 | — | $-815.0K |
| Q4 25 | — | -4.2% | ||
| Q3 25 | — | 0.6% | ||
| Q2 25 | — | -3.8% | ||
| Q1 25 | — | 29.0% | ||
| Q4 24 | — | -2.3% | ||
| Q3 24 | — | -0.2% | ||
| Q2 24 | — | -3.1% | ||
| Q1 24 | — | -0.8% |
| Q4 25 | — | 1.1% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | — | 0.5% | ||
| Q1 25 | — | 0.7% | ||
| Q4 24 | — | 0.6% | ||
| Q3 24 | — | 0.5% | ||
| Q2 24 | — | 0.7% | ||
| Q1 24 | — | 1.4% |
| Q4 25 | -0.07× | — | ||
| Q3 25 | -1.58× | — | ||
| Q2 25 | 6.10× | -0.93× | ||
| Q1 25 | -2.43× | — | ||
| Q4 24 | 1.31× | -4.24× | ||
| Q3 24 | 4.12× | — | ||
| Q2 24 | 4.15× | -0.46× | ||
| Q1 24 | -2.77× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AAMI
Segment breakdown not available.
FORR
| Research Segment | $82.2M | 81% |
| Consulting Segment | $16.2M | 16% |
| Billable Expenses | $1.5M | 2% |
| Professional Services | $1.4M | 1% |
