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Side-by-side financial comparison of FIRST COMMONWEALTH FINANCIAL CORP (FCF) and FORRESTER RESEARCH, INC. (FORR). Click either name above to swap in a different company.
FIRST COMMONWEALTH FINANCIAL CORP is the larger business by last-quarter revenue ($133.7M vs $101.1M, roughly 1.3× FORRESTER RESEARCH, INC.). FIRST COMMONWEALTH FINANCIAL CORP runs the higher net margin — 28.1% vs -33.5%, a 61.6% gap on every dollar of revenue. On growth, FIRST COMMONWEALTH FINANCIAL CORP posted the faster year-over-year revenue change (13.0% vs -6.5%). Over the past eight quarters, FIRST COMMONWEALTH FINANCIAL CORP's revenue compounded faster (5.5% CAGR vs 0.5%).
First Commonwealth Financial Corp is a Pennsylvania-based regional financial services holding company. It offers consumer and commercial banking products, loans, wealth management, and insurance services for individuals, small and mid-sized enterprises across central and western Pennsylvania and Ohio.
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.
FCF vs FORR — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $133.7M | $101.1M |
| Net Profit | $37.5M | $-33.9M |
| Gross Margin | — | 56.7% |
| Operating Margin | — | -36.6% |
| Net Margin | 28.1% | -33.5% |
| Revenue YoY | 13.0% | -6.5% |
| Net Profit YoY | -16.3% | -7941.4% |
| EPS (diluted) | $0.37 | $-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.
| Q1 26 | $133.7M | — | ||
| Q4 25 | $137.9M | $101.1M | ||
| Q3 25 | $136.0M | $94.3M | ||
| Q2 25 | $131.0M | $111.7M | ||
| Q1 25 | $118.0M | $89.9M | ||
| Q4 24 | $120.4M | $108.0M | ||
| Q3 24 | $121.2M | $102.5M | ||
| Q2 24 | $120.2M | $121.8M |
| Q1 26 | $37.5M | — | ||
| Q4 25 | $44.9M | $-33.9M | ||
| Q3 25 | $41.3M | $-2.1M | ||
| Q2 25 | $33.4M | $3.9M | ||
| Q1 25 | $32.7M | $-87.3M | ||
| Q4 24 | $35.8M | $432.0K | ||
| Q3 24 | $32.1M | $-5.8M | ||
| Q2 24 | $37.1M | $6.3M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | 40.9% | -36.6% | ||
| Q3 25 | 38.1% | 4.7% | ||
| Q2 25 | 32.1% | 6.2% | ||
| Q1 25 | 34.8% | -97.5% | ||
| Q4 24 | 37.1% | -0.5% | ||
| Q3 24 | 33.4% | -0.7% | ||
| Q2 24 | 38.7% | 9.3% |
| Q1 26 | 28.1% | — | ||
| Q4 25 | 32.5% | -33.5% | ||
| Q3 25 | 30.4% | -2.3% | ||
| Q2 25 | 25.5% | 3.5% | ||
| Q1 25 | 27.7% | -97.1% | ||
| Q4 24 | 29.8% | 0.4% | ||
| Q3 24 | 26.5% | -5.7% | ||
| Q2 24 | 30.9% | 5.2% |
| Q1 26 | $0.37 | — | ||
| Q4 25 | $0.44 | $-1.75 | ||
| Q3 25 | $0.39 | $-0.11 | ||
| Q2 25 | $0.32 | $0.20 | ||
| Q1 25 | $0.32 | $-4.62 | ||
| Q4 24 | $0.35 | $0.02 | ||
| Q3 24 | $0.31 | $-0.30 | ||
| Q2 24 | $0.36 | $0.33 |
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 | $154.9M | — |
| Stockholders' EquityBook value | $1.6B | $126.5M |
| Total Assets | $12.3B | $404.0M |
| Debt / EquityLower = less leverage | 0.10× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| 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 26 | $154.9M | — | ||
| Q4 25 | $261.7M | — | ||
| Q3 25 | $262.1M | — | ||
| Q2 25 | $262.4M | — | ||
| Q1 25 | $262.7M | — | ||
| Q4 24 | $263.0M | — | ||
| Q3 24 | $136.3M | — | ||
| Q2 24 | $136.6M | — |
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | $126.5M | ||
| Q3 25 | $1.5B | $157.7M | ||
| Q2 25 | $1.5B | $159.5M | ||
| Q1 25 | $1.4B | $147.4M | ||
| Q4 24 | $1.4B | $229.5M | ||
| Q3 24 | $1.4B | $234.3M | ||
| Q2 24 | $1.4B | $237.1M |
| Q1 26 | $12.3B | — | ||
| Q4 25 | $12.3B | $404.0M | ||
| Q3 25 | $12.3B | $414.2M | ||
| Q2 25 | $12.2B | $436.0M | ||
| Q1 25 | $11.8B | $439.8M | ||
| Q4 24 | $11.6B | $503.9M | ||
| Q3 24 | $12.0B | $505.3M | ||
| Q2 24 | $11.6B | $524.2M |
| Q1 26 | 0.10× | — | ||
| Q4 25 | 0.17× | — | ||
| Q3 25 | 0.17× | — | ||
| Q2 25 | 0.17× | — | ||
| Q1 25 | 0.18× | — | ||
| Q4 24 | 0.19× | — | ||
| Q3 24 | 0.10× | — | ||
| Q2 24 | 0.10× | — |
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 | — | $-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.
| Q1 26 | — | — | ||
| Q4 25 | $187.5M | $-3.2M | ||
| Q3 25 | $49.5M | $1.2M | ||
| Q2 25 | $30.4M | $-3.6M | ||
| Q1 25 | $55.9M | $26.7M | ||
| Q4 24 | $129.5M | $-1.8M | ||
| Q3 24 | $53.6M | $264.0K | ||
| Q2 24 | $22.7M | $-2.9M |
| Q1 26 | — | — | ||
| Q4 25 | $171.5M | $-4.3M | ||
| Q3 25 | — | $524.0K | ||
| Q2 25 | — | $-4.2M | ||
| Q1 25 | — | $26.1M | ||
| Q4 24 | $113.9M | $-2.5M | ||
| Q3 24 | — | $-223.0K | ||
| Q2 24 | — | $-3.7M |
| Q1 26 | — | — | ||
| Q4 25 | 124.3% | -4.2% | ||
| Q3 25 | — | 0.6% | ||
| Q2 25 | — | -3.8% | ||
| Q1 25 | — | 29.0% | ||
| Q4 24 | 94.6% | -2.3% | ||
| Q3 24 | — | -0.2% | ||
| Q2 24 | — | -3.1% |
| Q1 26 | — | — | ||
| Q4 25 | 11.7% | 1.1% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | — | 0.5% | ||
| Q1 25 | — | 0.7% | ||
| Q4 24 | 12.9% | 0.6% | ||
| Q3 24 | — | 0.5% | ||
| Q2 24 | — | 0.7% |
| Q1 26 | — | — | ||
| Q4 25 | 4.18× | — | ||
| Q3 25 | 1.20× | — | ||
| Q2 25 | 0.91× | -0.93× | ||
| Q1 25 | 1.71× | — | ||
| Q4 24 | 3.61× | -4.24× | ||
| Q3 24 | 1.67× | — | ||
| Q2 24 | 0.61× | -0.46× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FCF
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% |
