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Side-by-side financial comparison of Allegion (ALLE) and FORRESTER RESEARCH, INC. (FORR). Click either name above to swap in a different company.
Allegion is the larger business by last-quarter revenue ($1.0B vs $101.1M, roughly 10.2× FORRESTER RESEARCH, INC.). Allegion runs the higher net margin — 14.3% vs -33.5%, a 47.8% gap on every dollar of revenue. On growth, Allegion posted the faster year-over-year revenue change (9.3% vs -6.5%). Allegion produced more free cash flow last quarter ($200.5M vs $-4.3M). Over the past eight quarters, Allegion's revenue compounded faster (7.5% CAGR vs 0.5%).
Allegion plc manufactures and sells mechanical and electronic security products and solutions worldwide. The company offers door closers, controls, and exit devices; locks, locksets, portable locks, and key systems and services; electronic security products and access control systems; time, attendance, and workforce productivity systems; doors and door systems; and other accessories. The company sells its products and solutions to end-users in commercial, institutional, and residential facili...
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.
ALLE vs FORR — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $1.0B | $101.1M |
| Net Profit | $147.5M | $-33.9M |
| Gross Margin | 44.5% | 56.7% |
| Operating Margin | 20.3% | -36.6% |
| Net Margin | 14.3% | -33.5% |
| Revenue YoY | 9.3% | -6.5% |
| Net Profit YoY | 2.4% | -7941.4% |
| EPS (diluted) | $1.70 | $-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 | $1.0B | $101.1M | ||
| Q3 25 | $1.1B | $94.3M | ||
| Q2 25 | $1.0B | $111.7M | ||
| Q1 25 | $941.9M | $89.9M | ||
| Q4 24 | $945.6M | $108.0M | ||
| Q3 24 | $967.1M | $102.5M | ||
| Q2 24 | $965.6M | $121.8M | ||
| Q1 24 | $893.9M | $100.1M |
| Q4 25 | $147.5M | $-33.9M | ||
| Q3 25 | $188.4M | $-2.1M | ||
| Q2 25 | $159.7M | $3.9M | ||
| Q1 25 | $148.2M | $-87.3M | ||
| Q4 24 | $144.1M | $432.0K | ||
| Q3 24 | $174.2M | $-5.8M | ||
| Q2 24 | $155.4M | $6.3M | ||
| Q1 24 | $123.8M | $-6.7M |
| Q4 25 | 44.5% | 56.7% | ||
| Q3 25 | 45.8% | 60.0% | ||
| Q2 25 | 45.6% | 55.5% | ||
| Q1 25 | 44.9% | 55.9% | ||
| Q4 24 | 44.1% | 58.8% | ||
| Q3 24 | 44.7% | 60.5% | ||
| Q2 24 | 44.4% | 57.3% | ||
| Q1 24 | 43.8% | 54.9% |
| Q4 25 | 20.3% | -36.6% | ||
| Q3 25 | 21.8% | 4.7% | ||
| Q2 25 | 21.5% | 6.2% | ||
| Q1 25 | 20.9% | -97.5% | ||
| Q4 24 | 19.5% | -0.5% | ||
| Q3 24 | 22.2% | -0.7% | ||
| Q2 24 | 21.6% | 9.3% | ||
| Q1 24 | 19.3% | -9.3% |
| Q4 25 | 14.3% | -33.5% | ||
| Q3 25 | 17.6% | -2.3% | ||
| Q2 25 | 15.6% | 3.5% | ||
| Q1 25 | 15.7% | -97.1% | ||
| Q4 24 | 15.2% | 0.4% | ||
| Q3 24 | 18.0% | -5.7% | ||
| Q2 24 | 16.1% | 5.2% | ||
| Q1 24 | 13.8% | -6.7% |
| Q4 25 | $1.70 | $-1.75 | ||
| Q3 25 | $2.18 | $-0.11 | ||
| Q2 25 | $1.85 | $0.20 | ||
| Q1 25 | $1.71 | $-4.62 | ||
| Q4 24 | $1.65 | $0.02 | ||
| Q3 24 | $1.99 | $-0.30 | ||
| Q2 24 | $1.77 | $0.33 | ||
| Q1 24 | $1.41 | $-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 | $356.2M | $63.3M |
| Total DebtLower is stronger | $2.0B | — |
| Stockholders' EquityBook value | $2.1B | $126.5M |
| Total Assets | $5.2B | $404.0M |
| Debt / EquityLower = less leverage | 0.96× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $356.2M | $63.3M | ||
| Q3 25 | $302.7M | $65.1M | ||
| Q2 25 | $656.8M | $67.8M | ||
| Q1 25 | $494.5M | $75.6M | ||
| Q4 24 | $503.8M | $56.1M | ||
| Q3 24 | $878.9M | $62.8M | ||
| Q2 24 | $747.5M | $58.9M | ||
| Q1 24 | $391.8M | $61.4M |
| Q4 25 | $2.0B | — | ||
| Q3 25 | $2.1B | — | ||
| Q2 25 | $2.1B | — | ||
| Q1 25 | $2.0B | — | ||
| Q4 24 | $2.0B | — | ||
| Q3 24 | $2.4B | — | ||
| Q2 24 | $2.4B | — | ||
| Q1 24 | $2.0B | — |
| Q4 25 | $2.1B | $126.5M | ||
| Q3 25 | $1.9B | $157.7M | ||
| Q2 25 | $1.8B | $159.5M | ||
| Q1 25 | $1.6B | $147.4M | ||
| Q4 24 | $1.5B | $229.5M | ||
| Q3 24 | $1.6B | $234.3M | ||
| Q2 24 | $1.4B | $237.1M | ||
| Q1 24 | $1.4B | $230.9M |
| Q4 25 | $5.2B | $404.0M | ||
| Q3 25 | $5.2B | $414.2M | ||
| Q2 25 | $4.9B | $436.0M | ||
| Q1 25 | $4.6B | $439.8M | ||
| Q4 24 | $4.5B | $503.9M | ||
| Q3 24 | $5.0B | $505.3M | ||
| Q2 24 | $4.8B | $524.2M | ||
| Q1 24 | $4.3B | $555.7M |
| Q4 25 | 0.96× | — | ||
| Q3 25 | 1.07× | — | ||
| Q2 25 | 1.16× | — | ||
| Q1 25 | 1.24× | — | ||
| Q4 24 | 1.33× | — | ||
| Q3 24 | 1.53× | — | ||
| Q2 24 | 1.69× | — | ||
| Q1 24 | 1.49× | — |
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 | $240.1M | $-3.2M |
| Free Cash FlowOCF − Capex | $200.5M | $-4.3M |
| FCF MarginFCF / Revenue | 19.4% | -4.2% |
| Capex IntensityCapex / Revenue | 3.8% | 1.1% |
| Cash ConversionOCF / Net Profit | 1.63× | — |
| TTM Free Cash FlowTrailing 4 quarters | $685.7M | $18.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $240.1M | $-3.2M | ||
| Q3 25 | $229.5M | $1.2M | ||
| Q2 25 | $209.7M | $-3.6M | ||
| Q1 25 | $104.5M | $26.7M | ||
| Q4 24 | $219.0M | $-1.8M | ||
| Q3 24 | $231.9M | $264.0K | ||
| Q2 24 | $173.0M | $-2.9M | ||
| Q1 24 | $51.1M | $611.0K |
| Q4 25 | $200.5M | $-4.3M | ||
| Q3 25 | $209.8M | $524.0K | ||
| Q2 25 | $192.0M | $-4.2M | ||
| Q1 25 | $83.4M | $26.1M | ||
| Q4 24 | $194.9M | $-2.5M | ||
| Q3 24 | $212.0M | $-223.0K | ||
| Q2 24 | $152.1M | $-3.7M | ||
| Q1 24 | $23.9M | $-815.0K |
| Q4 25 | 19.4% | -4.2% | ||
| Q3 25 | 19.6% | 0.6% | ||
| Q2 25 | 18.8% | -3.8% | ||
| Q1 25 | 8.9% | 29.0% | ||
| Q4 24 | 20.6% | -2.3% | ||
| Q3 24 | 21.9% | -0.2% | ||
| Q2 24 | 15.8% | -3.1% | ||
| Q1 24 | 2.7% | -0.8% |
| Q4 25 | 3.8% | 1.1% | ||
| Q3 25 | 1.8% | 0.7% | ||
| Q2 25 | 1.7% | 0.5% | ||
| Q1 25 | 2.2% | 0.7% | ||
| Q4 24 | 2.5% | 0.6% | ||
| Q3 24 | 2.1% | 0.5% | ||
| Q2 24 | 2.2% | 0.7% | ||
| Q1 24 | 3.0% | 1.4% |
| Q4 25 | 1.63× | — | ||
| Q3 25 | 1.22× | — | ||
| Q2 25 | 1.31× | -0.93× | ||
| Q1 25 | 0.71× | — | ||
| Q4 24 | 1.52× | -4.24× | ||
| Q3 24 | 1.33× | — | ||
| Q2 24 | 1.11× | -0.46× | ||
| Q1 24 | 0.41× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ALLE
| Products | $750.2M | 73% |
| Allegion International | $237.7M | 23% |
| Services | $45.2M | 4% |
FORR
| Research Segment | $82.2M | 81% |
| Consulting Segment | $16.2M | 16% |
| Billable Expenses | $1.5M | 2% |
| Professional Services | $1.4M | 1% |
