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Side-by-side financial comparison of VAALCO ENERGY INC (EGY) 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 $91.0M, roughly 1.1× VAALCO ENERGY INC). FORRESTER RESEARCH, INC. runs the higher net margin — -33.5% vs -64.4%, a 30.8% gap on every dollar of revenue. On growth, FORRESTER RESEARCH, INC. posted the faster year-over-year revenue change (-6.5% vs -25.2%). Over the past eight quarters, FORRESTER RESEARCH, INC.'s revenue compounded faster (0.5% CAGR vs -4.7%).

VAALCO Energy is a company engaged in hydrocarbon exploration. It is organized in Delaware and headquartered in Houston, Texas with operations primarily in the Etame Marin block offshore Gabon.

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.

EGY vs FORR — Head-to-Head

Bigger by revenue
FORR
FORR
1.1× larger
FORR
$101.1M
$91.0M
EGY
Growing faster (revenue YoY)
FORR
FORR
+18.7% gap
FORR
-6.5%
-25.2%
EGY
Higher net margin
FORR
FORR
30.8% more per $
FORR
-33.5%
-64.4%
EGY
Faster 2-yr revenue CAGR
FORR
FORR
Annualised
FORR
0.5%
-4.7%
EGY

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
EGY
EGY
FORR
FORR
Revenue
$91.0M
$101.1M
Net Profit
$-58.6M
$-33.9M
Gross Margin
56.7%
Operating Margin
-71.3%
-36.6%
Net Margin
-64.4%
-33.5%
Revenue YoY
-25.2%
-6.5%
Net Profit YoY
-602.5%
-7941.4%
EPS (diluted)
$-0.56
$-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.

Revenue
EGY
EGY
FORR
FORR
Q4 25
$91.0M
$101.1M
Q3 25
$61.0M
$94.3M
Q2 25
$96.9M
$111.7M
Q1 25
$110.3M
$89.9M
Q4 24
$121.7M
$108.0M
Q3 24
$140.3M
$102.5M
Q2 24
$116.8M
$121.8M
Q1 24
$100.2M
$100.1M
Net Profit
EGY
EGY
FORR
FORR
Q4 25
$-58.6M
$-33.9M
Q3 25
$1.1M
$-2.1M
Q2 25
$8.4M
$3.9M
Q1 25
$7.7M
$-87.3M
Q4 24
$11.7M
$432.0K
Q3 24
$11.0M
$-5.8M
Q2 24
$28.2M
$6.3M
Q1 24
$7.7M
$-6.7M
Gross Margin
EGY
EGY
FORR
FORR
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%
Operating Margin
EGY
EGY
FORR
FORR
Q4 25
-71.3%
-36.6%
Q3 25
1.5%
4.7%
Q2 25
17.7%
6.2%
Q1 25
23.7%
-97.5%
Q4 24
32.7%
-0.5%
Q3 24
31.4%
-0.7%
Q2 24
17.5%
9.3%
Q1 24
32.1%
-9.3%
Net Margin
EGY
EGY
FORR
FORR
Q4 25
-64.4%
-33.5%
Q3 25
1.8%
-2.3%
Q2 25
8.6%
3.5%
Q1 25
7.0%
-97.1%
Q4 24
9.6%
0.4%
Q3 24
7.8%
-5.7%
Q2 24
24.1%
5.2%
Q1 24
7.7%
-6.7%
EPS (diluted)
EGY
EGY
FORR
FORR
Q4 25
$-0.56
$-1.75
Q3 25
$0.01
$-0.11
Q2 25
$0.08
$0.20
Q1 25
$0.07
$-4.62
Q4 24
$0.12
$0.02
Q3 24
$0.10
$-0.30
Q2 24
$0.27
$0.33
Q1 24
$0.07
$-0.35

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
EGY
EGY
FORR
FORR
Cash + ST InvestmentsLiquidity on hand
$58.9M
$63.3M
Total DebtLower is stronger
$60.0M
Stockholders' EquityBook value
$443.5M
$126.5M
Total Assets
$913.4M
$404.0M
Debt / EquityLower = less leverage
0.14×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EGY
EGY
FORR
FORR
Q4 25
$58.9M
$63.3M
Q3 25
$24.0M
$65.1M
Q2 25
$67.9M
$67.8M
Q1 25
$40.9M
$75.6M
Q4 24
$82.7M
$56.1M
Q3 24
$89.1M
$62.8M
Q2 24
$62.9M
$58.9M
Q1 24
$113.3M
$61.4M
Total Debt
EGY
EGY
FORR
FORR
Q4 25
$60.0M
Q3 25
$60.0M
Q2 25
$60.0M
Q1 25
$0
Q4 24
$0
Q3 24
$0
Q2 24
$0
Q1 24
$0
Stockholders' Equity
EGY
EGY
FORR
FORR
Q4 25
$443.5M
$126.5M
Q3 25
$505.9M
$157.7M
Q2 25
$511.6M
$159.5M
Q1 25
$504.1M
$147.4M
Q4 24
$501.6M
$229.5M
Q3 24
$501.0M
$234.3M
Q2 24
$493.6M
$237.1M
Q1 24
$472.6M
$230.9M
Total Assets
EGY
EGY
FORR
FORR
Q4 25
$913.4M
$404.0M
Q3 25
$950.4M
$414.2M
Q2 25
$964.9M
$436.0M
Q1 25
$927.1M
$439.8M
Q4 24
$955.0M
$503.9M
Q3 24
$937.9M
$505.3M
Q2 24
$917.4M
$524.2M
Q1 24
$809.1M
$555.7M
Debt / Equity
EGY
EGY
FORR
FORR
Q4 25
0.14×
Q3 25
0.12×
Q2 25
0.12×
Q1 25
0.00×
Q4 24
0.00×
Q3 24
0.00×
Q2 24
0.00×
Q1 24
0.00×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
EGY
EGY
FORR
FORR
Operating Cash FlowLast quarter
$145.2M
$-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.

Operating Cash Flow
EGY
EGY
FORR
FORR
Q4 25
$145.2M
$-3.2M
Q3 25
$16.4M
$1.2M
Q2 25
$18.3M
$-3.6M
Q1 25
$32.7M
$26.7M
Q4 24
$44.5M
$-1.8M
Q3 24
$47.8M
$264.0K
Q2 24
$-438.0K
$-2.9M
Q1 24
$21.8M
$611.0K
Free Cash Flow
EGY
EGY
FORR
FORR
Q4 25
$-4.3M
Q3 25
$524.0K
Q2 25
$-4.2M
Q1 25
$29.7M
$26.1M
Q4 24
$-2.5M
Q3 24
$-223.0K
Q2 24
$-3.7M
Q1 24
$-815.0K
FCF Margin
EGY
EGY
FORR
FORR
Q4 25
-4.2%
Q3 25
0.6%
Q2 25
-3.8%
Q1 25
26.9%
29.0%
Q4 24
-2.3%
Q3 24
-0.2%
Q2 24
-3.1%
Q1 24
-0.8%
Capex Intensity
EGY
EGY
FORR
FORR
Q4 25
1.1%
Q3 25
0.7%
Q2 25
0.5%
Q1 25
2.7%
0.7%
Q4 24
0.6%
Q3 24
0.5%
Q2 24
0.7%
Q1 24
1.4%
Cash Conversion
EGY
EGY
FORR
FORR
Q4 25
Q3 25
14.94×
Q2 25
2.19×
-0.93×
Q1 25
4.23×
Q4 24
3.82×
-4.24×
Q3 24
4.35×
Q2 24
-0.02×
-0.46×
Q1 24
2.84×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

EGY
EGY

Crude Oil Sales And Purchase Agreements$54.8M60%
Other$31.9M35%
Crude Oil$3.0M3%
Natural Gas Liquids Reserves$1.4M2%

FORR
FORR

Research Segment$82.2M81%
Consulting Segment$16.2M16%
Billable Expenses$1.5M2%
Professional Services$1.4M1%

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