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Side-by-side financial comparison of Ametek (AME) and FORRESTER RESEARCH, INC. (FORR). Click either name above to swap in a different company.
Ametek is the larger business by last-quarter revenue ($2.0B vs $101.1M, roughly 19.8× FORRESTER RESEARCH, INC.). Ametek runs the higher net margin — 19.9% vs -33.5%, a 53.5% gap on every dollar of revenue. On growth, Ametek posted the faster year-over-year revenue change (13.4% vs -6.5%). Ametek produced more free cash flow last quarter ($527.3M vs $-4.3M). Over the past eight quarters, Ametek's revenue compounded faster (7.3% CAGR vs 0.5%).
AMETEK, Inc. is an American multinational conglomerate and global designer and manufacturer of electronic instruments and electromechanical devices with headquarters in the United States and over 150 sites worldwide.
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.
AME vs FORR — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $2.0B | $101.1M |
| Net Profit | $398.6M | $-33.9M |
| Gross Margin | 36.0% | 56.7% |
| Operating Margin | 25.3% | -36.6% |
| Net Margin | 19.9% | -33.5% |
| Revenue YoY | 13.4% | -6.5% |
| Net Profit YoY | 2.9% | -7941.4% |
| EPS (diluted) | $1.73 | $-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 | $2.0B | $101.1M | ||
| Q3 25 | $1.9B | $94.3M | ||
| Q2 25 | $1.8B | $111.7M | ||
| Q1 25 | $1.7B | $89.9M | ||
| Q4 24 | $1.8B | $108.0M | ||
| Q3 24 | $1.7B | $102.5M | ||
| Q2 24 | $1.7B | $121.8M | ||
| Q1 24 | $1.7B | $100.1M |
| Q4 25 | $398.6M | $-33.9M | ||
| Q3 25 | $371.4M | $-2.1M | ||
| Q2 25 | $358.4M | $3.9M | ||
| Q1 25 | $351.8M | $-87.3M | ||
| Q4 24 | $387.3M | $432.0K | ||
| Q3 24 | $340.2M | $-5.8M | ||
| Q2 24 | $337.7M | $6.3M | ||
| Q1 24 | $310.9M | $-6.7M |
| Q4 25 | 36.0% | 56.7% | ||
| Q3 25 | 36.3% | 60.0% | ||
| Q2 25 | 35.8% | 55.5% | ||
| Q1 25 | 36.1% | 55.9% | ||
| Q4 24 | 36.6% | 58.8% | ||
| Q3 24 | 36.0% | 60.5% | ||
| Q2 24 | 36.0% | 57.3% | ||
| Q1 24 | 34.1% | 54.9% |
| Q4 25 | 25.3% | -36.6% | ||
| Q3 25 | 25.8% | 4.7% | ||
| Q2 25 | 26.0% | 6.2% | ||
| Q1 25 | 26.3% | -97.5% | ||
| Q4 24 | 26.6% | -0.5% | ||
| Q3 24 | 26.1% | -0.7% | ||
| Q2 24 | 25.8% | 9.3% | ||
| Q1 24 | 24.0% | -9.3% |
| Q4 25 | 19.9% | -33.5% | ||
| Q3 25 | 19.6% | -2.3% | ||
| Q2 25 | 20.2% | 3.5% | ||
| Q1 25 | 20.3% | -97.1% | ||
| Q4 24 | 22.0% | 0.4% | ||
| Q3 24 | 19.9% | -5.7% | ||
| Q2 24 | 19.5% | 5.2% | ||
| Q1 24 | 17.9% | -6.7% |
| Q4 25 | $1.73 | $-1.75 | ||
| Q3 25 | $1.60 | $-0.11 | ||
| Q2 25 | $1.55 | $0.20 | ||
| Q1 25 | $1.52 | $-4.62 | ||
| Q4 24 | $1.67 | $0.02 | ||
| Q3 24 | $1.47 | $-0.30 | ||
| Q2 24 | $1.45 | $0.33 | ||
| Q1 24 | $1.34 | $-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 | $458.0M | $63.3M |
| Total DebtLower is stronger | $2.3B | — |
| Stockholders' EquityBook value | $10.6B | $126.5M |
| Total Assets | $16.1B | $404.0M |
| Debt / EquityLower = less leverage | 0.21× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $458.0M | $63.3M | ||
| Q3 25 | $439.2M | $65.1M | ||
| Q2 25 | $619.7M | $67.8M | ||
| Q1 25 | $399.0M | $75.6M | ||
| Q4 24 | $374.0M | $56.1M | ||
| Q3 24 | $396.3M | $62.8M | ||
| Q2 24 | $396.6M | $58.9M | ||
| Q1 24 | $373.8M | $61.4M |
| Q4 25 | $2.3B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $2.1B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $10.6B | $126.5M | ||
| Q3 25 | $10.5B | $157.7M | ||
| Q2 25 | $10.4B | $159.5M | ||
| Q1 25 | $10.0B | $147.4M | ||
| Q4 24 | $9.7B | $229.5M | ||
| Q3 24 | $9.6B | $234.3M | ||
| Q2 24 | $9.3B | $237.1M | ||
| Q1 24 | $9.0B | $230.9M |
| Q4 25 | $16.1B | $404.0M | ||
| Q3 25 | $16.2B | $414.2M | ||
| Q2 25 | $15.3B | $436.0M | ||
| Q1 25 | $14.9B | $439.8M | ||
| Q4 24 | $14.6B | $503.9M | ||
| Q3 24 | $14.8B | $505.3M | ||
| Q2 24 | $14.8B | $524.2M | ||
| Q1 24 | $14.9B | $555.7M |
| Q4 25 | 0.21× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.22× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 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 | $584.3M | $-3.2M |
| Free Cash FlowOCF − Capex | $527.3M | $-4.3M |
| FCF MarginFCF / Revenue | 26.4% | -4.2% |
| Capex IntensityCapex / Revenue | 2.9% | 1.1% |
| Cash ConversionOCF / Net Profit | 1.47× | — |
| TTM Free Cash FlowTrailing 4 quarters | $1.7B | $18.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $584.3M | $-3.2M | ||
| Q3 25 | $440.9M | $1.2M | ||
| Q2 25 | $359.1M | $-3.6M | ||
| Q1 25 | $417.5M | $26.7M | ||
| Q4 24 | $550.0M | $-1.8M | ||
| Q3 24 | $487.2M | $264.0K | ||
| Q2 24 | $381.4M | $-2.9M | ||
| Q1 24 | $410.2M | $611.0K |
| Q4 25 | $527.3M | $-4.3M | ||
| Q3 25 | $420.0M | $524.0K | ||
| Q2 25 | $329.8M | $-4.2M | ||
| Q1 25 | $394.5M | $26.1M | ||
| Q4 24 | $498.3M | $-2.5M | ||
| Q3 24 | $460.9M | $-223.0K | ||
| Q2 24 | $360.0M | $-3.7M | ||
| Q1 24 | $382.6M | $-815.0K |
| Q4 25 | 26.4% | -4.2% | ||
| Q3 25 | 22.2% | 0.6% | ||
| Q2 25 | 18.5% | -3.8% | ||
| Q1 25 | 22.8% | 29.0% | ||
| Q4 24 | 28.3% | -2.3% | ||
| Q3 24 | 27.0% | -0.2% | ||
| Q2 24 | 20.8% | -3.1% | ||
| Q1 24 | 22.0% | -0.8% |
| Q4 25 | 2.9% | 1.1% | ||
| Q3 25 | 1.1% | 0.7% | ||
| Q2 25 | 1.6% | 0.5% | ||
| Q1 25 | 1.3% | 0.7% | ||
| Q4 24 | 2.9% | 0.6% | ||
| Q3 24 | 1.5% | 0.5% | ||
| Q2 24 | 1.2% | 0.7% | ||
| Q1 24 | 1.6% | 1.4% |
| Q4 25 | 1.47× | — | ||
| Q3 25 | 1.19× | — | ||
| Q2 25 | 1.00× | -0.93× | ||
| Q1 25 | 1.19× | — | ||
| Q4 24 | 1.42× | -4.24× | ||
| Q3 24 | 1.43× | — | ||
| Q2 24 | 1.13× | -0.46× | ||
| Q1 24 | 1.32× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AME
| Transferred At Point In Time | $1.1B | 54% |
| Electronic Instruments Group | $620.1M | 31% |
| Transferred Over Time | $294.6M | 15% |
FORR
| Research Segment | $82.2M | 81% |
| Consulting Segment | $16.2M | 16% |
| Billable Expenses | $1.5M | 2% |
| Professional Services | $1.4M | 1% |
