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Side-by-side financial comparison of BEYOND MEAT, INC. (BYND) 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 $61.6M, roughly 1.6× BEYOND MEAT, INC.). On growth, FORRESTER RESEARCH, INC. posted the faster year-over-year revenue change (-6.5% vs -19.7%). FORRESTER RESEARCH, INC. produced more free cash flow last quarter ($-4.3M vs $-49.8M). Over the past eight quarters, FORRESTER RESEARCH, INC.'s revenue compounded faster (0.5% CAGR vs -9.7%).
Beyond Meat, Inc., branded as Beyond, is a producer of plant-based meat alternatives founded in 2009 by Ethan Brown. The company's products were first launched in the United States in 2012.
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.
BYND vs FORR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $61.6M | $101.1M |
| Net Profit | — | $-33.9M |
| Gross Margin | -11.5% | 56.7% |
| Operating Margin | -211.4% | -36.6% |
| Net Margin | — | -33.5% |
| Revenue YoY | -19.7% | -6.5% |
| Net Profit YoY | — | -7941.4% |
| EPS (diluted) | $0.68 | $-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 | $61.6M | $101.1M | ||
| Q3 25 | $70.2M | $94.3M | ||
| Q2 25 | $75.0M | $111.7M | ||
| Q1 25 | $68.7M | $89.9M | ||
| Q4 24 | $76.7M | $108.0M | ||
| Q3 24 | $81.0M | $102.5M | ||
| Q2 24 | $93.2M | $121.8M | ||
| Q1 24 | $75.6M | $100.1M |
| Q4 25 | — | $-33.9M | ||
| Q3 25 | $-110.7M | $-2.1M | ||
| Q2 25 | $-29.2M | $3.9M | ||
| Q1 25 | $-52.9M | $-87.3M | ||
| Q4 24 | — | $432.0K | ||
| Q3 24 | $-26.6M | $-5.8M | ||
| Q2 24 | $-34.5M | $6.3M | ||
| Q1 24 | $-54.4M | $-6.7M |
| Q4 25 | -11.5% | 56.7% | ||
| Q3 25 | 10.3% | 60.0% | ||
| Q2 25 | 11.5% | 55.5% | ||
| Q1 25 | -1.5% | 55.9% | ||
| Q4 24 | 13.1% | 58.8% | ||
| Q3 24 | 17.7% | 60.5% | ||
| Q2 24 | 14.7% | 57.3% | ||
| Q1 24 | 4.9% | 54.9% |
| Q4 25 | -211.4% | -36.6% | ||
| Q3 25 | -160.0% | 4.7% | ||
| Q2 25 | -46.6% | 6.2% | ||
| Q1 25 | -81.8% | -97.5% | ||
| Q4 24 | -49.3% | -0.5% | ||
| Q3 24 | -38.2% | -0.7% | ||
| Q2 24 | -36.4% | 9.3% | ||
| Q1 24 | -70.7% | -9.3% |
| Q4 25 | — | -33.5% | ||
| Q3 25 | -157.6% | -2.3% | ||
| Q2 25 | -39.0% | 3.5% | ||
| Q1 25 | -77.0% | -97.1% | ||
| Q4 24 | — | 0.4% | ||
| Q3 24 | -32.8% | -5.7% | ||
| Q2 24 | -37.0% | 5.2% | ||
| Q1 24 | -71.9% | -6.7% |
| Q4 25 | $0.68 | $-1.75 | ||
| Q3 25 | $-1.44 | $-0.11 | ||
| Q2 25 | $-0.38 | $0.20 | ||
| Q1 25 | $-0.69 | $-4.62 | ||
| Q4 24 | $-0.65 | $0.02 | ||
| Q3 24 | $-0.41 | $-0.30 | ||
| Q2 24 | $-0.53 | $0.33 | ||
| Q1 24 | $-0.84 | $-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 | $203.9M | $63.3M |
| Total DebtLower is stronger | $415.7M | — |
| Stockholders' EquityBook value | $-997.0K | $126.5M |
| Total Assets | $614.7M | $404.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $203.9M | $63.3M | ||
| Q3 25 | $117.3M | $65.1M | ||
| Q2 25 | $103.5M | $67.8M | ||
| Q1 25 | $102.1M | $75.6M | ||
| Q4 24 | $131.9M | $56.1M | ||
| Q3 24 | $121.7M | $62.8M | ||
| Q2 24 | $144.9M | $58.9M | ||
| Q1 24 | $157.9M | $61.4M |
| Q4 25 | $415.7M | — | ||
| Q3 25 | $1.2B | — | ||
| Q2 25 | $1.2B | — | ||
| Q1 25 | $1.1B | — | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $1.1B | — | ||
| Q2 24 | $1.1B | — | ||
| Q1 24 | $1.1B | — |
| Q4 25 | $-997.0K | $126.5M | ||
| Q3 25 | $-784.1M | $157.7M | ||
| Q2 25 | $-677.0M | $159.5M | ||
| Q1 25 | $-649.5M | $147.4M | ||
| Q4 24 | $-601.2M | $229.5M | ||
| Q3 24 | $-611.9M | $234.3M | ||
| Q2 24 | $-590.0M | $237.1M | ||
| Q1 24 | $-561.4M | $230.9M |
| Q4 25 | $614.7M | $404.0M | ||
| Q3 25 | $599.7M | $414.2M | ||
| Q2 25 | $691.7M | $436.0M | ||
| Q1 25 | $643.8M | $439.8M | ||
| Q4 24 | $678.1M | $503.9M | ||
| Q3 24 | $692.9M | $505.3M | ||
| Q2 24 | $711.2M | $524.2M | ||
| Q1 24 | $735.0M | $555.7M |
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 | $-46.8M | $-3.2M |
| Free Cash FlowOCF − Capex | $-49.8M | $-4.3M |
| FCF MarginFCF / Revenue | -80.8% | -4.2% |
| Capex IntensityCapex / Revenue | 4.8% | 1.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-157.2M | $18.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-46.8M | $-3.2M | ||
| Q3 25 | $-38.8M | $1.2M | ||
| Q2 25 | $-33.2M | $-3.6M | ||
| Q1 25 | $-26.1M | $26.7M | ||
| Q4 24 | $-29.0M | $-1.8M | ||
| Q3 24 | $-22.0M | $264.0K | ||
| Q2 24 | $-16.0M | $-2.9M | ||
| Q1 24 | $-31.8M | $611.0K |
| Q4 25 | $-49.8M | $-4.3M | ||
| Q3 25 | $-41.7M | $524.0K | ||
| Q2 25 | $-35.1M | $-4.2M | ||
| Q1 25 | $-30.6M | $26.1M | ||
| Q4 24 | $-35.4M | $-2.5M | ||
| Q3 24 | $-24.1M | $-223.0K | ||
| Q2 24 | $-17.3M | $-3.7M | ||
| Q1 24 | $-33.0M | $-815.0K |
| Q4 25 | -80.8% | -4.2% | ||
| Q3 25 | -59.4% | 0.6% | ||
| Q2 25 | -46.9% | -3.8% | ||
| Q1 25 | -44.6% | 29.0% | ||
| Q4 24 | -46.2% | -2.3% | ||
| Q3 24 | -29.7% | -0.2% | ||
| Q2 24 | -18.6% | -3.1% | ||
| Q1 24 | -43.7% | -0.8% |
| Q4 25 | 4.8% | 1.1% | ||
| Q3 25 | 4.1% | 0.7% | ||
| Q2 25 | 2.6% | 0.5% | ||
| Q1 25 | 6.5% | 0.7% | ||
| Q4 24 | 8.4% | 0.6% | ||
| Q3 24 | 2.5% | 0.5% | ||
| Q2 24 | 1.4% | 0.7% | ||
| Q1 24 | 1.6% | 1.4% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | -0.93× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | -4.24× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | -0.46× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BYND
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% |
