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Side-by-side financial comparison of AlTi Global, Inc. (ALTI) 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 $86.6M, roughly 1.2× AlTi Global, Inc.). AlTi Global, Inc. runs the higher net margin — -15.1% vs -33.5%, a 18.4% gap on every dollar of revenue. On growth, AlTi Global, Inc. posted the faster year-over-year revenue change (87.0% vs -6.5%). FORRESTER RESEARCH, INC. produced more free cash flow last quarter ($-4.3M vs $-52.2M). Over the past eight quarters, AlTi Global, Inc.'s revenue compounded faster (30.6% CAGR vs 0.5%).
Cristal Global is the world's second-largest producer of titanium dioxide and a leading producer of titanium chemicals. It was formed when The National Titanium Dioxide Company Ltd. combined with Millennium Chemicals. The headquarters are in Jeddah, Saudi Arabia. It is a significant shareholder in Bemax, the world’s 5th largest TiO2 feedstock producer.
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.
ALTI vs FORR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $86.6M | $101.1M |
| Net Profit | $-13.1M | $-33.9M |
| Gross Margin | — | 56.7% |
| Operating Margin | -2.1% | -36.6% |
| Net Margin | -15.1% | -33.5% |
| Revenue YoY | 87.0% | -6.5% |
| Net Profit YoY | 75.6% | -7941.4% |
| EPS (diluted) | — | $-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 | $86.6M | $101.1M | ||
| Q3 25 | $57.2M | $94.3M | ||
| Q2 25 | $53.1M | $111.7M | ||
| Q1 25 | $58.0M | $89.9M | ||
| Q4 24 | $46.3M | $108.0M | ||
| Q3 24 | $51.8M | $102.5M | ||
| Q2 24 | $49.5M | $121.8M | ||
| Q1 24 | $50.8M | $100.1M |
| Q4 25 | $-13.1M | $-33.9M | ||
| Q3 25 | $-84.1M | $-2.1M | ||
| Q2 25 | $-24.4M | $3.9M | ||
| Q1 25 | $1.9M | $-87.3M | ||
| Q4 24 | $-53.8M | $432.0K | ||
| Q3 24 | $-72.5M | $-5.8M | ||
| Q2 24 | $-6.4M | $6.3M | ||
| Q1 24 | $29.7M | $-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 | -2.1% | -36.6% | ||
| Q3 25 | -49.8% | 4.7% | ||
| Q2 25 | -56.7% | 6.2% | ||
| Q1 25 | -23.3% | -97.5% | ||
| Q4 24 | -42.7% | -0.5% | ||
| Q3 24 | -18.4% | -0.7% | ||
| Q2 24 | -30.2% | 9.3% | ||
| Q1 24 | -28.9% | -9.3% |
| Q4 25 | -15.1% | -33.5% | ||
| Q3 25 | -147.0% | -2.3% | ||
| Q2 25 | -45.9% | 3.5% | ||
| Q1 25 | 3.3% | -97.1% | ||
| Q4 24 | -116.1% | 0.4% | ||
| Q3 24 | -140.0% | -5.7% | ||
| Q2 24 | -12.9% | 5.2% | ||
| Q1 24 | 58.4% | -6.7% |
| Q4 25 | — | $-1.75 | ||
| Q3 25 | — | $-0.11 | ||
| Q2 25 | $-0.33 | $0.20 | ||
| Q1 25 | $-0.04 | $-4.62 | ||
| Q4 24 | $-0.71 | $0.02 | ||
| Q3 24 | $-0.88 | $-0.30 | ||
| Q2 24 | $-0.18 | $0.33 | ||
| Q1 24 | $0.18 | $-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 | $41.2M | $63.3M |
| Total DebtLower is stronger | $883.0K | — |
| Stockholders' EquityBook value | $600.1M | $126.5M |
| Total Assets | $1.2B | $404.0M |
| Debt / EquityLower = less leverage | 0.00× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $41.2M | $63.3M | ||
| Q3 25 | $35.8M | $65.1M | ||
| Q2 25 | $42.4M | $67.8M | ||
| Q1 25 | $52.8M | $75.6M | ||
| Q4 24 | $64.4M | $56.1M | ||
| Q3 24 | $220.6M | $62.8M | ||
| Q2 24 | $60.0M | $58.9M | ||
| Q1 24 | $134.2M | $61.4M |
| Q4 25 | $883.0K | — | ||
| Q3 25 | $586.0K | — | ||
| Q2 25 | $673.0K | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $0 | — | ||
| Q3 24 | $128.4M | — | ||
| Q2 24 | $164.0M | — | ||
| Q1 24 | $183.7M | — |
| Q4 25 | $600.1M | $126.5M | ||
| Q3 25 | $607.2M | $157.7M | ||
| Q2 25 | $685.4M | $159.5M | ||
| Q1 25 | $665.2M | $147.4M | ||
| Q4 24 | $658.4M | $229.5M | ||
| Q3 24 | $707.0M | $234.3M | ||
| Q2 24 | $540.2M | $237.1M | ||
| Q1 24 | $510.9M | $230.9M |
| Q4 25 | $1.2B | $404.0M | ||
| Q3 25 | $1.2B | $414.2M | ||
| Q2 25 | $1.2B | $436.0M | ||
| Q1 25 | $1.2B | $439.8M | ||
| Q4 24 | $1.3B | $503.9M | ||
| Q3 24 | $1.4B | $505.3M | ||
| Q2 24 | $1.3B | $524.2M | ||
| Q1 24 | $1.3B | $555.7M |
| Q4 25 | 0.00× | — | ||
| Q3 25 | 0.00× | — | ||
| Q2 25 | 0.00× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.00× | — | ||
| Q3 24 | 0.18× | — | ||
| Q2 24 | 0.30× | — | ||
| Q1 24 | 0.36× | — |
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 | $-51.4M | $-3.2M |
| Free Cash FlowOCF − Capex | $-52.2M | $-4.3M |
| FCF MarginFCF / Revenue | -60.3% | -4.2% |
| Capex IntensityCapex / Revenue | 0.9% | 1.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $18.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-51.4M | $-3.2M | ||
| Q3 25 | $-53.5M | $1.2M | ||
| Q2 25 | $-19.9M | $-3.6M | ||
| Q1 25 | $-30.2M | $26.7M | ||
| Q4 24 | $-50.7M | $-1.8M | ||
| Q3 24 | $-4.9M | $264.0K | ||
| Q2 24 | $-30.2M | $-2.9M | ||
| Q1 24 | $-15.5M | $611.0K |
| Q4 25 | $-52.2M | $-4.3M | ||
| Q3 25 | — | $524.0K | ||
| Q2 25 | $-20.0M | $-4.2M | ||
| Q1 25 | $-31.0M | $26.1M | ||
| Q4 24 | $-58.2M | $-2.5M | ||
| Q3 24 | $-9.4M | $-223.0K | ||
| Q2 24 | $-31.2M | $-3.7M | ||
| Q1 24 | $-15.7M | $-815.0K |
| Q4 25 | -60.3% | -4.2% | ||
| Q3 25 | — | 0.6% | ||
| Q2 25 | -37.6% | -3.8% | ||
| Q1 25 | -53.4% | 29.0% | ||
| Q4 24 | -125.7% | -2.3% | ||
| Q3 24 | -18.2% | -0.2% | ||
| Q2 24 | -63.2% | -3.1% | ||
| Q1 24 | -30.9% | -0.8% |
| Q4 25 | 0.9% | 1.1% | ||
| Q3 25 | 0.0% | 0.7% | ||
| Q2 25 | 0.0% | 0.5% | ||
| Q1 25 | 1.3% | 0.7% | ||
| Q4 24 | 16.3% | 0.6% | ||
| Q3 24 | 8.7% | 0.5% | ||
| Q2 24 | 2.2% | 0.7% | ||
| Q1 24 | 0.4% | 1.4% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | -0.93× | ||
| Q1 25 | -15.80× | — | ||
| Q4 24 | — | -4.24× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | -0.46× | ||
| Q1 24 | -0.52× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ALTI
| Management Advisory Fees | $51.1M | 59% |
| Other | $32.7M | 38% |
| Distributions From Investments | $2.9M | 3% |
FORR
| Research Segment | $82.2M | 81% |
| Consulting Segment | $16.2M | 16% |
| Billable Expenses | $1.5M | 2% |
| Professional Services | $1.4M | 1% |
