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Side-by-side financial comparison of American Assets Trust, Inc. (AAT) and FORRESTER RESEARCH, INC. (FORR). Click either name above to swap in a different company.
American Assets Trust, Inc. is the larger business by last-quarter revenue ($110.6M vs $101.1M, roughly 1.1× FORRESTER RESEARCH, INC.). American Assets Trust, Inc. runs the higher net margin — 6.1% vs -33.5%, a 39.6% gap on every dollar of revenue. On growth, American Assets Trust, Inc. posted the faster year-over-year revenue change (1.8% vs -6.5%). Over the past eight quarters, FORRESTER RESEARCH, INC.'s revenue compounded faster (0.5% CAGR vs -0.1%).
Personal Assets Trust is a large British investment trust. The company is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. The chairman is Iain Ferguson CBE.
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.
AAT vs FORR — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $110.6M | $101.1M |
| Net Profit | $6.7M | $-33.9M |
| Gross Margin | — | 56.7% |
| Operating Margin | 23.4% | -36.6% |
| Net Margin | 6.1% | -33.5% |
| Revenue YoY | 1.8% | -6.5% |
| Net Profit YoY | -16.3% | -7941.4% |
| EPS (diluted) | $0.08 | $-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.
| Q1 26 | $110.6M | — | ||
| Q4 25 | $110.1M | $101.1M | ||
| Q3 25 | $109.6M | $94.3M | ||
| Q2 25 | $107.9M | $111.7M | ||
| Q1 25 | $108.6M | $89.9M | ||
| Q4 24 | $113.5M | $108.0M | ||
| Q3 24 | $122.8M | $102.5M | ||
| Q2 24 | $110.9M | $121.8M |
| Q1 26 | $6.7M | — | ||
| Q4 25 | — | $-33.9M | ||
| Q3 25 | $4.5M | $-2.1M | ||
| Q2 25 | $5.5M | $3.9M | ||
| Q1 25 | $42.5M | $-87.3M | ||
| Q4 24 | — | $432.0K | ||
| Q3 24 | $16.7M | $-5.8M | ||
| Q2 24 | $11.9M | $6.3M |
| Q1 26 | — | — | ||
| Q4 25 | 59.4% | 56.7% | ||
| Q3 25 | 60.5% | 60.0% | ||
| Q2 25 | 62.6% | 55.5% | ||
| Q1 25 | 62.0% | 55.9% | ||
| Q4 24 | 61.3% | 58.8% | ||
| Q3 24 | 65.5% | 60.5% | ||
| Q2 24 | 63.6% | 57.3% |
| Q1 26 | 23.4% | — | ||
| Q4 25 | 21.1% | -36.6% | ||
| Q3 25 | 22.6% | 4.7% | ||
| Q2 25 | 24.1% | 6.2% | ||
| Q1 25 | 66.3% | -97.5% | ||
| Q4 24 | 26.5% | -0.5% | ||
| Q3 24 | 30.8% | -0.7% | ||
| Q2 24 | 27.8% | 9.3% |
| Q1 26 | 6.1% | — | ||
| Q4 25 | — | -33.5% | ||
| Q3 25 | 4.1% | -2.3% | ||
| Q2 25 | 5.1% | 3.5% | ||
| Q1 25 | 39.2% | -97.1% | ||
| Q4 24 | — | 0.4% | ||
| Q3 24 | 13.6% | -5.7% | ||
| Q2 24 | 10.7% | 5.2% |
| Q1 26 | $0.08 | — | ||
| Q4 25 | $0.06 | $-1.75 | ||
| Q3 25 | $0.07 | $-0.11 | ||
| Q2 25 | $0.09 | $0.20 | ||
| Q1 25 | $0.70 | $-4.62 | ||
| Q4 24 | $0.14 | $0.02 | ||
| Q3 24 | $0.28 | $-0.30 | ||
| Q2 24 | $0.20 | $0.33 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $118.3M | $63.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.1B | $126.5M |
| Total Assets | $2.9B | $404.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $118.3M | — | ||
| Q4 25 | $129.4M | $63.3M | ||
| Q3 25 | $138.7M | $65.1M | ||
| Q2 25 | $143.7M | $67.8M | ||
| Q1 25 | $143.9M | $75.6M | ||
| Q4 24 | $425.7M | $56.1M | ||
| Q3 24 | $533.0M | $62.8M | ||
| Q2 24 | $114.9M | $58.9M |
| Q1 26 | — | — | ||
| Q4 25 | $1.7B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $2.0B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.2B | $126.5M | ||
| Q3 25 | $1.2B | $157.7M | ||
| Q2 25 | $1.2B | $159.5M | ||
| Q1 25 | $1.2B | $147.4M | ||
| Q4 24 | $1.2B | $229.5M | ||
| Q3 24 | $1.2B | $234.3M | ||
| Q2 24 | $1.2B | $237.1M |
| Q1 26 | $2.9B | — | ||
| Q4 25 | $2.9B | $404.0M | ||
| Q3 25 | $2.9B | $414.2M | ||
| Q2 25 | $3.0B | $436.0M | ||
| Q1 25 | $3.0B | $439.8M | ||
| Q4 24 | $3.3B | $503.9M | ||
| Q3 24 | $3.4B | $505.3M | ||
| Q2 24 | $3.0B | $524.2M |
| Q1 26 | — | — | ||
| Q4 25 | 1.48× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.72× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | — | $-3.2M |
| Free Cash FlowOCF − Capex | — | $-4.3M |
| FCF MarginFCF / Revenue | — | -4.2% |
| Capex IntensityCapex / Revenue | 14.5% | 1.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $18.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $167.1M | $-3.2M | ||
| Q3 25 | $40.5M | $1.2M | ||
| Q2 25 | $49.2M | $-3.6M | ||
| Q1 25 | $36.9M | $26.7M | ||
| Q4 24 | $207.1M | $-1.8M | ||
| Q3 24 | $52.4M | $264.0K | ||
| Q2 24 | $59.3M | $-2.9M |
| Q1 26 | — | — | ||
| Q4 25 | $94.9M | $-4.3M | ||
| Q3 25 | $23.1M | $524.0K | ||
| Q2 25 | $28.4M | $-4.2M | ||
| Q1 25 | $20.4M | $26.1M | ||
| Q4 24 | $136.9M | $-2.5M | ||
| Q3 24 | $28.0M | $-223.0K | ||
| Q2 24 | $43.6M | $-3.7M |
| Q1 26 | — | — | ||
| Q4 25 | 86.2% | -4.2% | ||
| Q3 25 | 21.1% | 0.6% | ||
| Q2 25 | 26.3% | -3.8% | ||
| Q1 25 | 18.8% | 29.0% | ||
| Q4 24 | 120.7% | -2.3% | ||
| Q3 24 | 22.8% | -0.2% | ||
| Q2 24 | 39.3% | -3.1% |
| Q1 26 | 14.5% | — | ||
| Q4 25 | 65.6% | 1.1% | ||
| Q3 25 | 15.9% | 0.7% | ||
| Q2 25 | 19.3% | 0.5% | ||
| Q1 25 | 15.1% | 0.7% | ||
| Q4 24 | 61.9% | 0.6% | ||
| Q3 24 | 19.9% | 0.5% | ||
| Q2 24 | 14.1% | 0.7% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 8.98× | — | ||
| Q2 25 | 9.01× | -0.93× | ||
| Q1 25 | 0.87× | — | ||
| Q4 24 | — | -4.24× | ||
| Q3 24 | 3.15× | — | ||
| Q2 24 | 4.98× | -0.46× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AAT
| Rental income | $104.4M | 94% |
| Other | $6.2M | 6% |
FORR
| Research Segment | $82.2M | 81% |
| Consulting Segment | $16.2M | 16% |
| Billable Expenses | $1.5M | 2% |
| Professional Services | $1.4M | 1% |
