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Side-by-side financial comparison of Elme Communities (ELME) 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 $62.1M, roughly 1.6× Elme Communities). FORRESTER RESEARCH, INC. runs the higher net margin — -33.5% vs -198.9%, a 165.4% gap on every dollar of revenue. On growth, Elme Communities posted the faster year-over-year revenue change (1.7% vs -6.5%). Elme Communities produced more free cash flow last quarter ($7.2M vs $-4.3M). Over the past eight quarters, Elme Communities's revenue compounded faster (2.7% CAGR vs 0.5%).
Elme Communities is a publicly traded U.S. real estate investment trust that primarily owns, operates and develops high-quality multifamily residential communities. It focuses on key growth markets across the U.S. Mid-Atlantic and Southeast, offering affordable to mid-tier housing options for diverse renter groups.
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.
ELME vs FORR — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $62.1M | $101.1M |
| Net Profit | $-123.5M | $-33.9M |
| Gross Margin | 61.1% | 56.7% |
| Operating Margin | -183.3% | -36.6% |
| Net Margin | -198.9% | -33.5% |
| Revenue YoY | 1.7% | -6.5% |
| Net Profit YoY | -4058.7% | -7941.4% |
| EPS (diluted) | $-1.40 | $-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 | — | $101.1M | ||
| Q3 25 | $62.1M | $94.3M | ||
| Q2 25 | $62.1M | $111.7M | ||
| Q1 25 | $61.5M | $89.9M | ||
| Q4 24 | $61.3M | $108.0M | ||
| Q3 24 | $61.1M | $102.5M | ||
| Q2 24 | $60.1M | $121.8M | ||
| Q1 24 | $59.5M | $100.1M |
| Q4 25 | — | $-33.9M | ||
| Q3 25 | $-123.5M | $-2.1M | ||
| Q2 25 | $-3.6M | $3.9M | ||
| Q1 25 | $-4.7M | $-87.3M | ||
| Q4 24 | $-3.0M | $432.0K | ||
| Q3 24 | $-3.0M | $-5.8M | ||
| Q2 24 | $-3.5M | $6.3M | ||
| Q1 24 | $-3.6M | $-6.7M |
| Q4 25 | — | 56.7% | ||
| Q3 25 | 61.1% | 60.0% | ||
| Q2 25 | 63.5% | 55.5% | ||
| Q1 25 | 64.2% | 55.9% | ||
| Q4 24 | 62.9% | 58.8% | ||
| Q3 24 | 63.5% | 60.5% | ||
| Q2 24 | 63.4% | 57.3% | ||
| Q1 24 | 63.5% | 54.9% |
| Q4 25 | — | -36.6% | ||
| Q3 25 | -183.3% | 4.7% | ||
| Q2 25 | 9.6% | 6.2% | ||
| Q1 25 | 7.8% | -97.5% | ||
| Q4 24 | 10.4% | -0.5% | ||
| Q3 24 | 11.0% | -0.7% | ||
| Q2 24 | 9.8% | 9.3% | ||
| Q1 24 | 7.5% | -9.3% |
| Q4 25 | — | -33.5% | ||
| Q3 25 | -198.9% | -2.3% | ||
| Q2 25 | -5.7% | 3.5% | ||
| Q1 25 | -7.6% | -97.1% | ||
| Q4 24 | -4.9% | 0.4% | ||
| Q3 24 | -4.9% | -5.7% | ||
| Q2 24 | -5.8% | 5.2% | ||
| Q1 24 | -6.1% | -6.7% |
| Q4 25 | — | $-1.75 | ||
| Q3 25 | $-1.40 | $-0.11 | ||
| Q2 25 | $-0.04 | $0.20 | ||
| Q1 25 | $-0.05 | $-4.62 | ||
| Q4 24 | $-0.04 | $0.02 | ||
| Q3 24 | $-0.03 | $-0.30 | ||
| Q2 24 | $-0.04 | $0.33 | ||
| Q1 24 | $-0.04 | $-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 | $7.1M | $63.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $908.9M | $126.5M |
| Total Assets | $1.7B | $404.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $63.3M | ||
| Q3 25 | $7.1M | $65.1M | ||
| Q2 25 | $4.8M | $67.8M | ||
| Q1 25 | $6.4M | $75.6M | ||
| Q4 24 | $6.1M | $56.1M | ||
| Q3 24 | $4.8M | $62.8M | ||
| Q2 24 | $5.6M | $58.9M | ||
| Q1 24 | $4.2M | $61.4M |
| Q4 25 | — | $126.5M | ||
| Q3 25 | $908.9M | $157.7M | ||
| Q2 25 | $1.0B | $159.5M | ||
| Q1 25 | $1.1B | $147.4M | ||
| Q4 24 | $1.1B | $229.5M | ||
| Q3 24 | $1.1B | $234.3M | ||
| Q2 24 | $1.1B | $237.1M | ||
| Q1 24 | $1.1B | $230.9M |
| Q4 25 | — | $404.0M | ||
| Q3 25 | $1.7B | $414.2M | ||
| Q2 25 | $1.8B | $436.0M | ||
| Q1 25 | $1.8B | $439.8M | ||
| Q4 24 | $1.8B | $503.9M | ||
| Q3 24 | $1.9B | $505.3M | ||
| Q2 24 | $1.9B | $524.2M | ||
| Q1 24 | $1.9B | $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 | $15.9M | $-3.2M |
| Free Cash FlowOCF − Capex | $7.2M | $-4.3M |
| FCF MarginFCF / Revenue | 11.6% | -4.2% |
| Capex IntensityCapex / Revenue | 14.0% | 1.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $86.7M | $18.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-3.2M | ||
| Q3 25 | $15.9M | $1.2M | ||
| Q2 25 | $29.8M | $-3.6M | ||
| Q1 25 | $16.2M | $26.7M | ||
| Q4 24 | $95.2M | $-1.8M | ||
| Q3 24 | $20.7M | $264.0K | ||
| Q2 24 | $28.9M | $-2.9M | ||
| Q1 24 | $21.2M | $611.0K |
| Q4 25 | — | $-4.3M | ||
| Q3 25 | $7.2M | $524.0K | ||
| Q2 25 | $21.1M | $-4.2M | ||
| Q1 25 | $10.5M | $26.1M | ||
| Q4 24 | $47.9M | $-2.5M | ||
| Q3 24 | $8.8M | $-223.0K | ||
| Q2 24 | $21.0M | $-3.7M | ||
| Q1 24 | $7.6M | $-815.0K |
| Q4 25 | — | -4.2% | ||
| Q3 25 | 11.6% | 0.6% | ||
| Q2 25 | 34.1% | -3.8% | ||
| Q1 25 | 17.1% | 29.0% | ||
| Q4 24 | 78.1% | -2.3% | ||
| Q3 24 | 14.4% | -0.2% | ||
| Q2 24 | 34.9% | -3.1% | ||
| Q1 24 | 12.8% | -0.8% |
| Q4 25 | — | 1.1% | ||
| Q3 25 | 14.0% | 0.7% | ||
| Q2 25 | 14.0% | 0.5% | ||
| Q1 25 | 9.2% | 0.7% | ||
| Q4 24 | 77.4% | 0.6% | ||
| Q3 24 | 19.4% | 0.5% | ||
| Q2 24 | 13.1% | 0.7% | ||
| Q1 24 | 22.9% | 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
ELME
| Residential Segment | $57.7M | 93% |
| Other | $4.4M | 7% |
FORR
| Research Segment | $82.2M | 81% |
| Consulting Segment | $16.2M | 16% |
| Billable Expenses | $1.5M | 2% |
| Professional Services | $1.4M | 1% |
