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Side-by-side financial comparison of AMPCO PITTSBURGH CORP (AP) and FORRESTER RESEARCH, INC. (FORR). Click either name above to swap in a different company.
AMPCO PITTSBURGH CORP is the larger business by last-quarter revenue ($104.4M vs $101.1M, roughly 1.0× FORRESTER RESEARCH, INC.). FORRESTER RESEARCH, INC. runs the higher net margin — -33.5% vs -55.2%, a 21.7% gap on every dollar of revenue. On growth, AMPCO PITTSBURGH CORP posted the faster year-over-year revenue change (11.5% vs -6.5%). AMPCO PITTSBURGH CORP produced more free cash flow last quarter ($-64.0K vs $-4.3M). Over the past eight quarters, FORRESTER RESEARCH, INC.'s revenue compounded faster (0.5% CAGR vs -2.6%).
Ampco-Pittsburgh Corporation is a specialty steel manufacturer headquartered in Downtown Pittsburgh, Pennsylvania. It is one of several companies to bear the Ampco name, and it should not be confused with the Milwaukee-based copper base alloy producer, Ampco Metal Inc.; the Miami-based cabinetry company; the Swiss aluminum corporation; or the Dallas-based tool company. Ampco was formed in 1929 and is a conglomerate made up of several previously established small steel makers. Five small compa...
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.
AP vs FORR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $104.4M | $101.1M |
| Net Profit | $-57.7M | $-33.9M |
| Gross Margin | — | 56.7% |
| Operating Margin | -54.0% | -36.6% |
| Net Margin | -55.2% | -33.5% |
| Revenue YoY | 11.5% | -6.5% |
| Net Profit YoY | -1958.9% | -7941.4% |
| EPS (diluted) | $-2.87 | $-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 | $104.4M | $101.1M | ||
| Q3 25 | $103.7M | $94.3M | ||
| Q2 25 | $108.9M | $111.7M | ||
| Q1 25 | $99.2M | $89.9M | ||
| Q4 24 | $93.6M | $108.0M | ||
| Q3 24 | $92.1M | $102.5M | ||
| Q2 24 | $107.1M | $121.8M | ||
| Q1 24 | $110.0M | $100.1M |
| Q4 25 | $-57.7M | $-33.9M | ||
| Q3 25 | $-2.2M | $-2.1M | ||
| Q2 25 | $-7.3M | $3.9M | ||
| Q1 25 | $1.1M | $-87.3M | ||
| Q4 24 | $3.1M | $432.0K | ||
| Q3 24 | $-2.0M | $-5.8M | ||
| Q2 24 | $2.0M | $6.3M | ||
| Q1 24 | $-2.7M | $-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 | -54.0% | -36.6% | ||
| Q3 25 | 1.1% | 4.7% | ||
| Q2 25 | -2.8% | 6.2% | ||
| Q1 25 | 3.9% | -97.5% | ||
| Q4 24 | 5.5% | -0.5% | ||
| Q3 24 | 2.0% | -0.7% | ||
| Q2 24 | 4.7% | 9.3% | ||
| Q1 24 | 0.1% | -9.3% |
| Q4 25 | -55.2% | -33.5% | ||
| Q3 25 | -2.1% | -2.3% | ||
| Q2 25 | -6.7% | 3.5% | ||
| Q1 25 | 1.2% | -97.1% | ||
| Q4 24 | 3.3% | 0.4% | ||
| Q3 24 | -2.1% | -5.7% | ||
| Q2 24 | 1.9% | 5.2% | ||
| Q1 24 | -2.5% | -6.7% |
| Q4 25 | $-2.87 | $-1.75 | ||
| Q3 25 | $-0.11 | $-0.11 | ||
| Q2 25 | $-0.36 | $0.20 | ||
| Q1 25 | $0.06 | $-4.62 | ||
| Q4 24 | $0.16 | $0.02 | ||
| Q3 24 | $-0.10 | $-0.30 | ||
| Q2 24 | $0.10 | $0.33 | ||
| Q1 24 | $-0.14 | $-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 | $10.7M | $63.3M |
| Total DebtLower is stronger | $117.9M | — |
| Stockholders' EquityBook value | $32.6M | $126.5M |
| Total Assets | $495.4M | $404.0M |
| Debt / EquityLower = less leverage | 3.61× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $10.7M | $63.3M | ||
| Q3 25 | $15.0M | $65.1M | ||
| Q2 25 | $9.9M | $67.8M | ||
| Q1 25 | $7.1M | $75.6M | ||
| Q4 24 | $15.4M | $56.1M | ||
| Q3 24 | $11.8M | $62.8M | ||
| Q2 24 | $7.9M | $58.9M | ||
| Q1 24 | $10.8M | $61.4M |
| Q4 25 | $117.9M | — | ||
| Q3 25 | $119.0M | — | ||
| Q2 25 | $115.9M | — | ||
| Q1 25 | $115.0M | — | ||
| Q4 24 | $116.4M | — | ||
| Q3 24 | $116.0M | — | ||
| Q2 24 | $119.4M | — | ||
| Q1 24 | $116.2M | — |
| Q4 25 | $32.6M | $126.5M | ||
| Q3 25 | $60.1M | $157.7M | ||
| Q2 25 | $62.7M | $159.5M | ||
| Q1 25 | $64.6M | $147.4M | ||
| Q4 24 | $58.9M | $229.5M | ||
| Q3 24 | $61.3M | $234.3M | ||
| Q2 24 | $58.0M | $237.1M | ||
| Q1 24 | $56.3M | $230.9M |
| Q4 25 | $495.4M | $404.0M | ||
| Q3 25 | $524.4M | $414.2M | ||
| Q2 25 | $537.2M | $436.0M | ||
| Q1 25 | $536.2M | $439.8M | ||
| Q4 24 | $530.9M | $503.9M | ||
| Q3 24 | $547.4M | $505.3M | ||
| Q2 24 | $560.8M | $524.2M | ||
| Q1 24 | $565.8M | $555.7M |
| Q4 25 | 3.61× | — | ||
| Q3 25 | 1.98× | — | ||
| Q2 25 | 1.85× | — | ||
| Q1 25 | 1.78× | — | ||
| Q4 24 | 1.98× | — | ||
| Q3 24 | 1.89× | — | ||
| Q2 24 | 2.06× | — | ||
| Q1 24 | 2.06× | — |
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 | $2.7M | $-3.2M |
| Free Cash FlowOCF − Capex | $-64.0K | $-4.3M |
| FCF MarginFCF / Revenue | -0.1% | -4.2% |
| Capex IntensityCapex / Revenue | 2.7% | 1.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-8.1M | $18.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.7M | $-3.2M | ||
| Q3 25 | $6.3M | $1.2M | ||
| Q2 25 | $-2.3M | $-3.6M | ||
| Q1 25 | $-5.3M | $26.7M | ||
| Q4 24 | $7.5M | $-1.8M | ||
| Q3 24 | $11.4M | $264.0K | ||
| Q2 24 | $-5.3M | $-2.9M | ||
| Q1 24 | $4.5M | $611.0K |
| Q4 25 | $-64.0K | $-4.3M | ||
| Q3 25 | $3.3M | $524.0K | ||
| Q2 25 | $-3.8M | $-4.2M | ||
| Q1 25 | $-7.5M | $26.1M | ||
| Q4 24 | $3.7M | $-2.5M | ||
| Q3 24 | $8.4M | $-223.0K | ||
| Q2 24 | $-8.0M | $-3.7M | ||
| Q1 24 | $1.7M | $-815.0K |
| Q4 25 | -0.1% | -4.2% | ||
| Q3 25 | 3.2% | 0.6% | ||
| Q2 25 | -3.5% | -3.8% | ||
| Q1 25 | -7.5% | 29.0% | ||
| Q4 24 | 4.0% | -2.3% | ||
| Q3 24 | 9.1% | -0.2% | ||
| Q2 24 | -7.5% | -3.1% | ||
| Q1 24 | 1.5% | -0.8% |
| Q4 25 | 2.7% | 1.1% | ||
| Q3 25 | 2.9% | 0.7% | ||
| Q2 25 | 1.3% | 0.5% | ||
| Q1 25 | 2.2% | 0.7% | ||
| Q4 24 | 4.0% | 0.6% | ||
| Q3 24 | 3.2% | 0.5% | ||
| Q2 24 | 2.5% | 0.7% | ||
| Q1 24 | 2.6% | 1.4% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | -0.93× | ||
| Q1 25 | -4.62× | — | ||
| Q4 24 | 2.40× | -4.24× | ||
| Q3 24 | — | — | ||
| Q2 24 | -2.64× | -0.46× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AP
| Forged And Cast Mill Rolls | $67.0M | 64% |
| Air Handling Systems | $14.3M | 14% |
| Heat Exchange Coils | $13.1M | 13% |
| Centrifugal Pumps | $10.3M | 10% |
| Forged Engineered Products | $4.0M | 4% |
FORR
| Research Segment | $82.2M | 81% |
| Consulting Segment | $16.2M | 16% |
| Billable Expenses | $1.5M | 2% |
| Professional Services | $1.4M | 1% |
