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Side-by-side financial comparison of FIRST BUSEY CORP (BUSE) and FORRESTER RESEARCH, INC. (FORR). Click either name above to swap in a different company.
FIRST BUSEY CORP is the larger business by last-quarter revenue ($196.2M vs $101.1M, roughly 1.9× FORRESTER RESEARCH, INC.). FIRST BUSEY CORP runs the higher net margin — 25.5% vs -33.5%, a 59.0% gap on every dollar of revenue. Over the past eight quarters, FIRST BUSEY CORP's revenue compounded faster (29.9% CAGR vs 0.5%).
First Busey Bank is a financial institution headquartered in Champaign, Illinois that operates in Illinois, Indiana, and southwest Florida. It is owned by First Busey Holding, a financial holding company.
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.
BUSE vs FORR — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $196.2M | $101.1M |
| Net Profit | $50.0M | $-33.9M |
| Gross Margin | — | 56.7% |
| Operating Margin | — | -36.6% |
| Net Margin | 25.5% | -33.5% |
| Revenue YoY | — | -6.5% |
| Net Profit YoY | 266.7% | -7941.4% |
| EPS (diluted) | $1.00 | $-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 | $196.2M | — | ||
| Q4 25 | $200.2M | $101.1M | ||
| Q3 25 | $196.3M | $94.3M | ||
| Q2 25 | $198.0M | $111.7M | ||
| Q1 25 | $125.0M | $89.9M | ||
| Q4 24 | $116.8M | $108.0M | ||
| Q3 24 | $118.5M | $102.5M | ||
| Q2 24 | $116.2M | $121.8M |
| Q1 26 | $50.0M | — | ||
| Q4 25 | — | $-33.9M | ||
| Q3 25 | $57.1M | $-2.1M | ||
| Q2 25 | $47.4M | $3.9M | ||
| Q1 25 | $-30.0M | $-87.3M | ||
| Q4 24 | — | $432.0K | ||
| Q3 24 | $32.0M | $-5.8M | ||
| Q2 24 | $27.4M | $6.3M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | 38.7% | -36.6% | ||
| Q3 25 | 39.4% | 4.7% | ||
| Q2 25 | 32.6% | 6.2% | ||
| Q1 25 | -26.1% | -97.5% | ||
| Q4 24 | 32.0% | -0.5% | ||
| Q3 24 | 35.9% | -0.7% | ||
| Q2 24 | 33.1% | 9.3% |
| Q1 26 | 25.5% | — | ||
| Q4 25 | — | -33.5% | ||
| Q3 25 | 29.1% | -2.3% | ||
| Q2 25 | 23.9% | 3.5% | ||
| Q1 25 | -24.0% | -97.1% | ||
| Q4 24 | — | 0.4% | ||
| Q3 24 | 27.0% | -5.7% | ||
| Q2 24 | 23.5% | 5.2% |
| Q1 26 | $1.00 | — | ||
| Q4 25 | $0.81 | $-1.75 | ||
| Q3 25 | $0.58 | $-0.11 | ||
| Q2 25 | $0.52 | $0.20 | ||
| Q1 25 | $-0.44 | $-4.62 | ||
| Q4 24 | $0.50 | $0.02 | ||
| Q3 24 | $0.55 | $-0.30 | ||
| Q2 24 | $0.47 | $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 | $288.5M | $63.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.5B | $126.5M |
| Total Assets | $18.1B | $404.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $288.5M | — | ||
| Q4 25 | $294.1M | $63.3M | ||
| Q3 25 | $385.5M | $65.1M | ||
| Q2 25 | $752.4M | $67.8M | ||
| Q1 25 | $1.2B | $75.6M | ||
| Q4 24 | $697.7M | $56.1M | ||
| Q3 24 | $553.7M | $62.8M | ||
| Q2 24 | $285.3M | $58.9M |
| Q1 26 | — | — | ||
| Q4 25 | $113.8M | — | ||
| Q3 25 | $92.4M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $0 | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $2.5B | — | ||
| Q4 25 | $2.5B | $126.5M | ||
| Q3 25 | $2.4B | $157.7M | ||
| Q2 25 | $2.4B | $159.5M | ||
| Q1 25 | $2.2B | $147.4M | ||
| Q4 24 | $1.4B | $229.5M | ||
| Q3 24 | $1.4B | $234.3M | ||
| Q2 24 | $1.3B | $237.1M |
| Q1 26 | $18.1B | — | ||
| Q4 25 | $18.1B | $404.0M | ||
| Q3 25 | $18.2B | $414.2M | ||
| Q2 25 | $18.9B | $436.0M | ||
| Q1 25 | $19.5B | $439.8M | ||
| Q4 24 | $12.0B | $503.9M | ||
| Q3 24 | $12.0B | $505.3M | ||
| Q2 24 | $12.0B | $524.2M |
| Q1 26 | — | — | ||
| Q4 25 | 0.05× | — | ||
| Q3 25 | 0.04× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.00× | — | ||
| 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 | — | 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 | $192.6M | $-3.2M | ||
| Q3 25 | $62.5M | $1.2M | ||
| Q2 25 | $49.5M | $-3.6M | ||
| Q1 25 | $8.4M | $26.7M | ||
| Q4 24 | $178.3M | $-1.8M | ||
| Q3 24 | $60.1M | $264.0K | ||
| Q2 24 | $28.5M | $-2.9M |
| Q1 26 | — | — | ||
| Q4 25 | $173.0M | $-4.3M | ||
| Q3 25 | $54.5M | $524.0K | ||
| Q2 25 | $46.1M | $-4.2M | ||
| Q1 25 | $6.6M | $26.1M | ||
| Q4 24 | $171.8M | $-2.5M | ||
| Q3 24 | $59.1M | $-223.0K | ||
| Q2 24 | $26.3M | $-3.7M |
| Q1 26 | — | — | ||
| Q4 25 | 86.4% | -4.2% | ||
| Q3 25 | 27.7% | 0.6% | ||
| Q2 25 | 23.3% | -3.8% | ||
| Q1 25 | 5.3% | 29.0% | ||
| Q4 24 | 147.1% | -2.3% | ||
| Q3 24 | 49.9% | -0.2% | ||
| Q2 24 | 22.6% | -3.1% |
| Q1 26 | — | — | ||
| Q4 25 | 9.8% | 1.1% | ||
| Q3 25 | 4.1% | 0.7% | ||
| Q2 25 | 1.7% | 0.5% | ||
| Q1 25 | 1.4% | 0.7% | ||
| Q4 24 | 5.5% | 0.6% | ||
| Q3 24 | 0.8% | 0.5% | ||
| Q2 24 | 1.9% | 0.7% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 1.09× | — | ||
| Q2 25 | 1.04× | -0.93× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | -4.24× | ||
| Q3 24 | 1.88× | — | ||
| Q2 24 | 1.04× | -0.46× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BUSE
| Net Interest Income | $154.0M | 78% |
| Noninterest Income | $42.3M | 22% |
FORR
| Research Segment | $82.2M | 81% |
| Consulting Segment | $16.2M | 16% |
| Billable Expenses | $1.5M | 2% |
| Professional Services | $1.4M | 1% |
