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Side-by-side financial comparison of BYLINE BANCORP, INC. (BY) and FORRESTER RESEARCH, INC. (FORR). Click either name above to swap in a different company.
BYLINE BANCORP, INC. is the larger business by last-quarter revenue ($112.4M vs $101.1M, roughly 1.1× FORRESTER RESEARCH, INC.). BYLINE BANCORP, INC. runs the higher net margin — 33.4% vs -33.5%, a 67.0% gap on every dollar of revenue. On growth, BYLINE BANCORP, INC. posted the faster year-over-year revenue change (9.0% vs -6.5%). Over the past eight quarters, BYLINE BANCORP, INC.'s revenue compounded faster (6.4% CAGR vs 0.5%).
Byline Bank is a bank headquartered in Chicago, Illinois, United States. It is the primary subsidiary of Byline Bancorp, Inc., a bank holding company, and the 4th largest SBA 7(a) lender.
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.
BY vs FORR — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $112.4M | $101.1M |
| Net Profit | $37.6M | $-33.9M |
| Gross Margin | — | 56.7% |
| Operating Margin | — | -36.6% |
| Net Margin | 33.4% | -33.5% |
| Revenue YoY | 9.0% | -6.5% |
| Net Profit YoY | 33.0% | -7941.4% |
| EPS (diluted) | $0.83 | $-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 | $112.4M | — | ||
| Q4 25 | $117.0M | $101.1M | ||
| Q3 25 | $115.7M | $94.3M | ||
| Q2 25 | $110.5M | $111.7M | ||
| Q1 25 | $103.1M | $89.9M | ||
| Q4 24 | $104.7M | $108.0M | ||
| Q3 24 | $101.8M | $102.5M | ||
| Q2 24 | $99.4M | $121.8M |
| Q1 26 | $37.6M | — | ||
| Q4 25 | $34.5M | $-33.9M | ||
| Q3 25 | $37.2M | $-2.1M | ||
| Q2 25 | $30.1M | $3.9M | ||
| Q1 25 | $28.2M | $-87.3M | ||
| Q4 24 | $30.3M | $432.0K | ||
| Q3 24 | $30.3M | $-5.8M | ||
| Q2 24 | $29.7M | $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 | 40.1% | -36.6% | ||
| Q3 25 | 43.1% | 4.7% | ||
| Q2 25 | 35.2% | 6.2% | ||
| Q1 25 | 36.4% | -97.5% | ||
| Q4 24 | 38.6% | -0.5% | ||
| Q3 24 | 39.3% | -0.7% | ||
| Q2 24 | 40.4% | 9.3% |
| Q1 26 | 33.4% | — | ||
| Q4 25 | 34.1% | -33.5% | ||
| Q3 25 | 32.1% | -2.3% | ||
| Q2 25 | 27.2% | 3.5% | ||
| Q1 25 | 27.4% | -97.1% | ||
| Q4 24 | 34.3% | 0.4% | ||
| Q3 24 | 29.8% | -5.7% | ||
| Q2 24 | 29.9% | 5.2% |
| Q1 26 | $0.83 | — | ||
| Q4 25 | $0.77 | $-1.75 | ||
| Q3 25 | $0.82 | $-0.11 | ||
| Q2 25 | $0.66 | $0.20 | ||
| Q1 25 | $0.64 | $-4.62 | ||
| Q4 24 | $0.68 | $0.02 | ||
| Q3 24 | $0.69 | $-0.30 | ||
| Q2 24 | $0.68 | $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 | $198.4M | $63.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.3B | $126.5M |
| Total Assets | $9.9B | $404.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $198.4M | — | ||
| Q4 25 | $149.1M | $63.3M | ||
| Q3 25 | $259.0M | $65.1M | ||
| Q2 25 | $218.3M | $67.8M | ||
| Q1 25 | $421.3M | $75.6M | ||
| Q4 24 | $563.1M | $56.1M | ||
| Q3 24 | $452.6M | $62.8M | ||
| Q2 24 | $730.5M | $58.9M |
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.3B | $126.5M | ||
| Q3 25 | $1.2B | $157.7M | ||
| Q2 25 | $1.2B | $159.5M | ||
| Q1 25 | $1.1B | $147.4M | ||
| Q4 24 | $1.1B | $229.5M | ||
| Q3 24 | $1.1B | $234.3M | ||
| Q2 24 | $1.0B | $237.1M |
| Q1 26 | $9.9B | — | ||
| Q4 25 | $9.7B | $404.0M | ||
| Q3 25 | $9.8B | $414.2M | ||
| Q2 25 | $9.7B | $436.0M | ||
| Q1 25 | $9.6B | $439.8M | ||
| Q4 24 | $9.5B | $503.9M | ||
| Q3 24 | $9.4B | $505.3M | ||
| Q2 24 | $9.6B | $524.2M |
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 | $140.3M | $-3.2M | ||
| Q3 25 | $38.3M | $1.2M | ||
| Q2 25 | $16.3M | $-3.6M | ||
| Q1 25 | $27.1M | $26.7M | ||
| Q4 24 | $175.2M | $-1.8M | ||
| Q3 24 | $19.8M | $264.0K | ||
| Q2 24 | $40.1M | $-2.9M |
| Q1 26 | — | — | ||
| Q4 25 | $136.3M | $-4.3M | ||
| Q3 25 | $38.0M | $524.0K | ||
| Q2 25 | $15.2M | $-4.2M | ||
| Q1 25 | $25.0M | $26.1M | ||
| Q4 24 | $171.2M | $-2.5M | ||
| Q3 24 | $19.1M | $-223.0K | ||
| Q2 24 | $39.4M | $-3.7M |
| Q1 26 | — | — | ||
| Q4 25 | 116.5% | -4.2% | ||
| Q3 25 | 32.8% | 0.6% | ||
| Q2 25 | 13.7% | -3.8% | ||
| Q1 25 | 24.3% | 29.0% | ||
| Q4 24 | 163.5% | -2.3% | ||
| Q3 24 | 18.8% | -0.2% | ||
| Q2 24 | 39.7% | -3.1% |
| Q1 26 | — | — | ||
| Q4 25 | 3.4% | 1.1% | ||
| Q3 25 | 0.3% | 0.7% | ||
| Q2 25 | 1.0% | 0.5% | ||
| Q1 25 | 2.0% | 0.7% | ||
| Q4 24 | 3.8% | 0.6% | ||
| Q3 24 | 0.6% | 0.5% | ||
| Q2 24 | 0.7% | 0.7% |
| Q1 26 | — | — | ||
| Q4 25 | 4.06× | — | ||
| Q3 25 | 1.03× | — | ||
| Q2 25 | 0.54× | -0.93× | ||
| Q1 25 | 0.96× | — | ||
| Q4 24 | 5.78× | -4.24× | ||
| Q3 24 | 0.65× | — | ||
| Q2 24 | 1.35× | -0.46× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BY
Segment breakdown not available.
FORR
| Research Segment | $82.2M | 81% |
| Consulting Segment | $16.2M | 16% |
| Billable Expenses | $1.5M | 2% |
| Professional Services | $1.4M | 1% |
