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Side-by-side financial comparison of ENNIS, INC. (EBF) 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 $100.2M, roughly 1.0× ENNIS, INC.). ENNIS, INC. runs the higher net margin — 10.8% vs -33.5%, a 44.3% gap on every dollar of revenue. On growth, ENNIS, INC. posted the faster year-over-year revenue change (0.4% vs -6.5%). ENNIS, INC. produced more free cash flow last quarter ($15.7M vs $-4.3M). Over the past eight quarters, ENNIS, INC.'s revenue compounded faster (1.4% CAGR vs 0.5%).
ENNIS, INC. (ticker EBF) is a leading North American provider of printed business products and related services. Its offerings include custom business forms, pressure-sensitive labels, marketing collateral, promotional items, and branded packaging, serving clients across retail, healthcare, financial services, and small business segments.
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.
EBF vs FORR — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $100.2M | $101.1M |
| Net Profit | $10.8M | $-33.9M |
| Gross Margin | 31.9% | 56.7% |
| Operating Margin | 15.0% | -36.6% |
| Net Margin | 10.8% | -33.5% |
| Revenue YoY | 0.4% | -6.5% |
| Net Profit YoY | 6.1% | -7941.4% |
| EPS (diluted) | $0.42 | $-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 | $100.2M | $101.1M | ||
| Q3 25 | $98.7M | $94.3M | ||
| Q2 25 | $97.2M | $111.7M | ||
| Q1 25 | $92.7M | $89.9M | ||
| Q4 24 | $99.8M | $108.0M | ||
| Q3 24 | $99.0M | $102.5M | ||
| Q2 24 | $103.1M | $121.8M | ||
| Q1 24 | $97.4M | $100.1M |
| Q4 25 | $10.8M | $-33.9M | ||
| Q3 25 | $13.2M | $-2.1M | ||
| Q2 25 | $9.8M | $3.9M | ||
| Q1 25 | $9.0M | $-87.3M | ||
| Q4 24 | $10.2M | $432.0K | ||
| Q3 24 | $10.3M | $-5.8M | ||
| Q2 24 | $10.7M | $6.3M | ||
| Q1 24 | $10.1M | $-6.7M |
| Q4 25 | 31.9% | 56.7% | ||
| Q3 25 | 30.5% | 60.0% | ||
| Q2 25 | 31.1% | 55.5% | ||
| Q1 25 | 29.5% | 55.9% | ||
| Q4 24 | 29.3% | 58.8% | ||
| Q3 24 | 30.1% | 60.5% | ||
| Q2 24 | 30.0% | 57.3% | ||
| Q1 24 | 28.4% | 54.9% |
| Q4 25 | 15.0% | -36.6% | ||
| Q3 25 | 12.5% | 4.7% | ||
| Q2 25 | 13.7% | 6.2% | ||
| Q1 25 | 13.0% | -97.5% | ||
| Q4 24 | 13.1% | -0.5% | ||
| Q3 24 | 13.3% | -0.7% | ||
| Q2 24 | 13.3% | 9.3% | ||
| Q1 24 | 13.3% | -9.3% |
| Q4 25 | 10.8% | -33.5% | ||
| Q3 25 | 13.3% | -2.3% | ||
| Q2 25 | 10.1% | 3.5% | ||
| Q1 25 | 9.7% | -97.1% | ||
| Q4 24 | 10.2% | 0.4% | ||
| Q3 24 | 10.4% | -5.7% | ||
| Q2 24 | 10.4% | 5.2% | ||
| Q1 24 | 10.4% | -6.7% |
| Q4 25 | $0.42 | $-1.75 | ||
| Q3 25 | $0.51 | $-0.11 | ||
| Q2 25 | $0.38 | $0.20 | ||
| Q1 25 | $0.34 | $-4.62 | ||
| Q4 24 | $0.39 | $0.02 | ||
| Q3 24 | $0.40 | $-0.30 | ||
| Q2 24 | $0.41 | $0.33 | ||
| Q1 24 | $0.39 | $-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 | $31.3M | $63.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $304.8M | $126.5M |
| Total Assets | $354.3M | $404.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $31.3M | $63.3M | ||
| Q3 25 | $31.9M | $65.1M | ||
| Q2 25 | $32.6M | $67.8M | ||
| Q1 25 | $72.5M | $75.6M | ||
| Q4 24 | $68.6M | $56.1M | ||
| Q3 24 | $122.6M | $62.8M | ||
| Q2 24 | $123.7M | $58.9M | ||
| Q1 24 | $110.9M | $61.4M |
| Q4 25 | $304.8M | $126.5M | ||
| Q3 25 | $305.4M | $157.7M | ||
| Q2 25 | $301.2M | $159.5M | ||
| Q1 25 | $302.0M | $147.4M | ||
| Q4 24 | $297.7M | $229.5M | ||
| Q3 24 | $358.4M | $234.3M | ||
| Q2 24 | $354.4M | $237.1M | ||
| Q1 24 | $349.8M | $230.9M |
| Q4 25 | $354.3M | $404.0M | ||
| Q3 25 | $361.8M | $414.2M | ||
| Q2 25 | $361.7M | $436.0M | ||
| Q1 25 | $348.9M | $439.8M | ||
| Q4 24 | $346.1M | $503.9M | ||
| Q3 24 | $406.8M | $505.3M | ||
| Q2 24 | $406.2M | $524.2M | ||
| Q1 24 | $399.2M | $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 | $16.4M | $-3.2M |
| Free Cash FlowOCF − Capex | $15.7M | $-4.3M |
| FCF MarginFCF / Revenue | 15.7% | -4.2% |
| Capex IntensityCapex / Revenue | 0.7% | 1.1% |
| Cash ConversionOCF / Net Profit | 1.52× | — |
| TTM Free Cash FlowTrailing 4 quarters | $42.5M | $18.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $16.4M | $-3.2M | ||
| Q3 25 | $10.5M | $1.2M | ||
| Q2 25 | $8.0M | $-3.6M | ||
| Q1 25 | $12.8M | $26.7M | ||
| Q4 24 | $18.2M | $-1.8M | ||
| Q3 24 | $11.8M | $264.0K | ||
| Q2 24 | $23.1M | $-2.9M | ||
| Q1 24 | $16.6M | $611.0K |
| Q4 25 | $15.7M | $-4.3M | ||
| Q3 25 | $9.0M | $524.0K | ||
| Q2 25 | $6.6M | $-4.2M | ||
| Q1 25 | $11.1M | $26.1M | ||
| Q4 24 | $17.5M | $-2.5M | ||
| Q3 24 | $10.7M | $-223.0K | ||
| Q2 24 | $20.6M | $-3.7M | ||
| Q1 24 | $15.0M | $-815.0K |
| Q4 25 | 15.7% | -4.2% | ||
| Q3 25 | 9.2% | 0.6% | ||
| Q2 25 | 6.8% | -3.8% | ||
| Q1 25 | 12.0% | 29.0% | ||
| Q4 24 | 17.6% | -2.3% | ||
| Q3 24 | 10.8% | -0.2% | ||
| Q2 24 | 20.0% | -3.1% | ||
| Q1 24 | 15.3% | -0.8% |
| Q4 25 | 0.7% | 1.1% | ||
| Q3 25 | 1.4% | 0.7% | ||
| Q2 25 | 1.4% | 0.5% | ||
| Q1 25 | 1.8% | 0.7% | ||
| Q4 24 | 0.6% | 0.6% | ||
| Q3 24 | 1.1% | 0.5% | ||
| Q2 24 | 2.4% | 0.7% | ||
| Q1 24 | 1.7% | 1.4% |
| Q4 25 | 1.52× | — | ||
| Q3 25 | 0.80× | — | ||
| Q2 25 | 0.81× | -0.93× | ||
| Q1 25 | 1.41× | — | ||
| Q4 24 | 1.78× | -4.24× | ||
| Q3 24 | 1.15× | — | ||
| Q2 24 | 2.16× | -0.46× | ||
| Q1 24 | 1.63× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EBF
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% |
