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Side-by-side financial comparison of FIRST BANCORP (FBNC) 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 $89.6M, roughly 1.1× FIRST BANCORP). FIRST BANCORP runs the higher net margin — 22.7% vs -33.5%, a 56.2% gap on every dollar of revenue. On growth, FORRESTER RESEARCH, INC. posted the faster year-over-year revenue change (-6.5% vs -7.3%). FIRST BANCORP produced more free cash flow last quarter ($48.2M vs $-4.3M).
First Bancorp is an American bank holding company headquartered in Southern Pines, North Carolina, that operates as First Bank in North Carolina and South Carolina.
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.
FBNC vs FORR — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $89.6M | $101.1M |
| Net Profit | $20.4M | $-33.9M |
| Gross Margin | — | 56.7% |
| Operating Margin | 29.0% | -36.6% |
| Net Margin | 22.7% | -33.5% |
| Revenue YoY | -7.3% | -6.5% |
| Net Profit YoY | 9.0% | -7941.4% |
| EPS (diluted) | $0.49 | $-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 | $89.6M | $94.3M | ||
| Q2 25 | $111.0M | $111.7M | ||
| Q1 25 | $105.8M | $89.9M | ||
| Q4 24 | — | $108.0M | ||
| Q3 24 | $96.6M | $102.5M | ||
| Q2 24 | $95.7M | $121.8M | ||
| Q1 24 | $92.2M | $100.1M |
| Q4 25 | — | $-33.9M | ||
| Q3 25 | $20.4M | $-2.1M | ||
| Q2 25 | $38.6M | $3.9M | ||
| Q1 25 | $36.4M | $-87.3M | ||
| Q4 24 | — | $432.0K | ||
| Q3 24 | $18.7M | $-5.8M | ||
| Q2 24 | $28.7M | $6.3M | ||
| Q1 24 | $25.3M | $-6.7M |
| 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% |
| Q4 25 | — | -36.6% | ||
| Q3 25 | 29.0% | 4.7% | ||
| Q2 25 | 44.9% | 6.2% | ||
| Q1 25 | 44.2% | -97.5% | ||
| Q4 24 | — | -0.5% | ||
| Q3 24 | 23.4% | -0.7% | ||
| Q2 24 | 38.5% | 9.3% | ||
| Q1 24 | 34.5% | -9.3% |
| Q4 25 | — | -33.5% | ||
| Q3 25 | 22.7% | -2.3% | ||
| Q2 25 | 34.7% | 3.5% | ||
| Q1 25 | 34.4% | -97.1% | ||
| Q4 24 | — | 0.4% | ||
| Q3 24 | 19.3% | -5.7% | ||
| Q2 24 | 30.0% | 5.2% | ||
| Q1 24 | 27.4% | -6.7% |
| Q4 25 | — | $-1.75 | ||
| Q3 25 | $0.49 | $-0.11 | ||
| Q2 25 | $0.93 | $0.20 | ||
| Q1 25 | $0.88 | $-4.62 | ||
| Q4 24 | — | $0.02 | ||
| Q3 24 | $0.45 | $-0.30 | ||
| Q2 24 | $0.70 | $0.33 | ||
| Q1 24 | $0.61 | $-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 | — | $63.3M |
| Total DebtLower is stronger | $92.4M | — |
| Stockholders' EquityBook value | $1.6B | $126.5M |
| Total Assets | $12.8B | $404.0M |
| Debt / EquityLower = less leverage | 0.06× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $63.3M | ||
| Q3 25 | — | $65.1M | ||
| Q2 25 | — | $67.8M | ||
| Q1 25 | — | $75.6M | ||
| Q4 24 | — | $56.1M | ||
| Q3 24 | — | $62.8M | ||
| Q2 24 | — | $58.9M | ||
| Q1 24 | — | $61.4M |
| Q4 25 | — | — | ||
| Q3 25 | $92.4M | — | ||
| Q2 25 | $92.2M | — | ||
| Q1 25 | $92.1M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $91.7M | — | ||
| Q2 24 | $91.5M | — | ||
| Q1 24 | $332.3M | — |
| Q4 25 | — | $126.5M | ||
| Q3 25 | $1.6B | $157.7M | ||
| Q2 25 | $1.6B | $159.5M | ||
| Q1 25 | $1.5B | $147.4M | ||
| Q4 24 | — | $229.5M | ||
| Q3 24 | $1.5B | $234.3M | ||
| Q2 24 | $1.4B | $237.1M | ||
| Q1 24 | $1.4B | $230.9M |
| Q4 25 | — | $404.0M | ||
| Q3 25 | $12.8B | $414.2M | ||
| Q2 25 | $12.6B | $436.0M | ||
| Q1 25 | $12.4B | $439.8M | ||
| Q4 24 | — | $503.9M | ||
| Q3 24 | $12.2B | $505.3M | ||
| Q2 24 | $12.1B | $524.2M | ||
| Q1 24 | $12.1B | $555.7M |
| Q4 25 | — | — | ||
| Q3 25 | 0.06× | — | ||
| Q2 25 | 0.06× | — | ||
| Q1 25 | 0.06× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.06× | — | ||
| Q2 24 | 0.07× | — | ||
| Q1 24 | 0.24× | — |
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 | $49.7M | $-3.2M |
| Free Cash FlowOCF − Capex | $48.2M | $-4.3M |
| FCF MarginFCF / Revenue | 53.8% | -4.2% |
| Capex IntensityCapex / Revenue | 1.6% | 1.1% |
| Cash ConversionOCF / Net Profit | 2.44× | — |
| TTM Free Cash FlowTrailing 4 quarters | $182.9M | $18.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-3.2M | ||
| Q3 25 | $49.7M | $1.2M | ||
| Q2 25 | $45.7M | $-3.6M | ||
| Q1 25 | $52.6M | $26.7M | ||
| Q4 24 | — | $-1.8M | ||
| Q3 24 | $38.4M | $264.0K | ||
| Q2 24 | $87.7M | $-2.9M | ||
| Q1 24 | $-20.1M | $611.0K |
| Q4 25 | — | $-4.3M | ||
| Q3 25 | $48.2M | $524.0K | ||
| Q2 25 | $44.3M | $-4.2M | ||
| Q1 25 | $52.4M | $26.1M | ||
| Q4 24 | — | $-2.5M | ||
| Q3 24 | $38.0M | $-223.0K | ||
| Q2 24 | $87.6M | $-3.7M | ||
| Q1 24 | $-21.7M | $-815.0K |
| Q4 25 | — | -4.2% | ||
| Q3 25 | 53.8% | 0.6% | ||
| Q2 25 | 39.9% | -3.8% | ||
| Q1 25 | 49.5% | 29.0% | ||
| Q4 24 | — | -2.3% | ||
| Q3 24 | 39.3% | -0.2% | ||
| Q2 24 | 91.6% | -3.1% | ||
| Q1 24 | -23.6% | -0.8% |
| Q4 25 | — | 1.1% | ||
| Q3 25 | 1.6% | 0.7% | ||
| Q2 25 | 1.2% | 0.5% | ||
| Q1 25 | 0.2% | 0.7% | ||
| Q4 24 | — | 0.6% | ||
| Q3 24 | 0.5% | 0.5% | ||
| Q2 24 | 0.1% | 0.7% | ||
| Q1 24 | 1.8% | 1.4% |
| Q4 25 | — | — | ||
| Q3 25 | 2.44× | — | ||
| Q2 25 | 1.19× | -0.93× | ||
| Q1 25 | 1.44× | — | ||
| Q4 24 | — | -4.24× | ||
| Q3 24 | 2.06× | — | ||
| Q2 24 | 3.06× | -0.46× | ||
| Q1 24 | -0.80× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FBNC
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% |
