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Side-by-side financial comparison of FARMERS NATIONAL BANC CORP (FMNB) 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 $71.5M, roughly 1.4× FARMERS NATIONAL BANC CORP). FARMERS NATIONAL BANC CORP runs the higher net margin — 20.5% vs -33.5%, a 54.0% gap on every dollar of revenue. On growth, FARMERS NATIONAL BANC CORP posted the faster year-over-year revenue change (3.2% vs -6.5%). FARMERS NATIONAL BANC CORP produced more free cash flow last quarter ($52.2M vs $-4.3M). Over the past eight quarters, FARMERS NATIONAL BANC CORP's revenue compounded faster (6.2% CAGR vs 0.5%).
Farmers National Banc Corp (OH) is a regional financial holding company based in Ohio, the United States. It offers full-spectrum retail and commercial banking products, wealth management solutions, and insurance services, primarily catering to individual consumers, small and medium-sized enterprises, and local community clients in Ohio and adjacent Midwestern U.S. regions.
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.
FMNB vs FORR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $71.5M | $101.1M |
| Net Profit | $14.6M | $-33.9M |
| Gross Margin | — | 56.7% |
| Operating Margin | 24.8% | -36.6% |
| Net Margin | 20.5% | -33.5% |
| Revenue YoY | 3.2% | -6.5% |
| Net Profit YoY | 1.7% | -7941.4% |
| EPS (diluted) | $0.39 | $-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 | $71.5M | $101.1M | ||
| Q3 25 | $70.8M | $94.3M | ||
| Q2 25 | $69.8M | $111.7M | ||
| Q1 25 | $67.8M | $89.9M | ||
| Q4 24 | $69.3M | $108.0M | ||
| Q3 24 | $70.3M | $102.5M | ||
| Q2 24 | $66.5M | $121.8M | ||
| Q1 24 | $63.4M | $100.1M |
| Q4 25 | $14.6M | $-33.9M | ||
| Q3 25 | $12.5M | $-2.1M | ||
| Q2 25 | $13.9M | $3.9M | ||
| Q1 25 | $13.6M | $-87.3M | ||
| Q4 24 | $14.4M | $432.0K | ||
| Q3 24 | $8.5M | $-5.8M | ||
| Q2 24 | $11.8M | $6.3M | ||
| Q1 24 | $11.2M | $-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 | 24.8% | -36.6% | ||
| Q3 25 | 20.7% | 4.7% | ||
| Q2 25 | 23.4% | 6.2% | ||
| Q1 25 | 24.1% | -97.5% | ||
| Q4 24 | 25.5% | -0.5% | ||
| Q3 24 | 14.4% | -0.7% | ||
| Q2 24 | 21.3% | 9.3% | ||
| Q1 24 | 21.2% | -9.3% |
| Q4 25 | 20.5% | -33.5% | ||
| Q3 25 | 17.6% | -2.3% | ||
| Q2 25 | 19.9% | 3.5% | ||
| Q1 25 | 20.0% | -97.1% | ||
| Q4 24 | 20.8% | 0.4% | ||
| Q3 24 | 12.1% | -5.7% | ||
| Q2 24 | 17.7% | 5.2% | ||
| Q1 24 | 17.7% | -6.7% |
| Q4 25 | $0.39 | $-1.75 | ||
| Q3 25 | $0.33 | $-0.11 | ||
| Q2 25 | $0.37 | $0.20 | ||
| Q1 25 | $0.36 | $-4.62 | ||
| Q4 24 | $0.38 | $0.02 | ||
| Q3 24 | $0.23 | $-0.30 | ||
| Q2 24 | $0.31 | $0.33 | ||
| Q1 24 | $0.30 | $-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 | $86.7M | — |
| Stockholders' EquityBook value | $485.7M | $126.5M |
| Total Assets | $5.2B | $404.0M |
| Debt / EquityLower = less leverage | 0.18× | — |
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 | $86.7M | — | ||
| Q3 25 | $86.6M | — | ||
| Q2 25 | $86.4M | — | ||
| Q1 25 | $86.3M | — | ||
| Q4 24 | $86.2M | — | ||
| Q3 24 | $86.0M | — | ||
| Q2 24 | $88.9M | — | ||
| Q1 24 | $88.8M | — |
| Q4 25 | $485.7M | $126.5M | ||
| Q3 25 | $465.9M | $157.7M | ||
| Q2 25 | $437.7M | $159.5M | ||
| Q1 25 | $429.1M | $147.4M | ||
| Q4 24 | $406.0M | $229.5M | ||
| Q3 24 | $439.7M | $234.3M | ||
| Q2 24 | $396.7M | $237.1M | ||
| Q1 24 | $397.0M | $230.9M |
| Q4 25 | $5.2B | $404.0M | ||
| Q3 25 | $5.2B | $414.2M | ||
| Q2 25 | $5.2B | $436.0M | ||
| Q1 25 | $5.2B | $439.8M | ||
| Q4 24 | $5.1B | $503.9M | ||
| Q3 24 | $5.2B | $505.3M | ||
| Q2 24 | $5.2B | $524.2M | ||
| Q1 24 | $5.1B | $555.7M |
| Q4 25 | 0.18× | — | ||
| Q3 25 | 0.19× | — | ||
| Q2 25 | 0.20× | — | ||
| Q1 25 | 0.20× | — | ||
| Q4 24 | 0.21× | — | ||
| Q3 24 | 0.20× | — | ||
| Q2 24 | 0.22× | — | ||
| Q1 24 | 0.22× | — |
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 | $60.0M | $-3.2M |
| Free Cash FlowOCF − Capex | $52.2M | $-4.3M |
| FCF MarginFCF / Revenue | 73.0% | -4.2% |
| Capex IntensityCapex / Revenue | 11.0% | 1.1% |
| Cash ConversionOCF / Net Profit | 4.10× | — |
| TTM Free Cash FlowTrailing 4 quarters | $85.8M | $18.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $60.0M | $-3.2M | ||
| Q3 25 | $10.7M | $1.2M | ||
| Q2 25 | $14.0M | $-3.6M | ||
| Q1 25 | $15.7M | $26.7M | ||
| Q4 24 | $66.6M | $-1.8M | ||
| Q3 24 | $23.9M | $264.0K | ||
| Q2 24 | $16.6M | $-2.9M | ||
| Q1 24 | $13.7M | $611.0K |
| Q4 25 | $52.2M | $-4.3M | ||
| Q3 25 | $9.0M | $524.0K | ||
| Q2 25 | $12.4M | $-4.2M | ||
| Q1 25 | $12.2M | $26.1M | ||
| Q4 24 | $54.9M | $-2.5M | ||
| Q3 24 | $20.4M | $-223.0K | ||
| Q2 24 | $14.4M | $-3.7M | ||
| Q1 24 | $12.2M | $-815.0K |
| Q4 25 | 73.0% | -4.2% | ||
| Q3 25 | 12.8% | 0.6% | ||
| Q2 25 | 17.8% | -3.8% | ||
| Q1 25 | 18.0% | 29.0% | ||
| Q4 24 | 79.2% | -2.3% | ||
| Q3 24 | 29.1% | -0.2% | ||
| Q2 24 | 21.6% | -3.1% | ||
| Q1 24 | 19.2% | -0.8% |
| Q4 25 | 11.0% | 1.1% | ||
| Q3 25 | 2.4% | 0.7% | ||
| Q2 25 | 2.3% | 0.5% | ||
| Q1 25 | 5.2% | 0.7% | ||
| Q4 24 | 16.9% | 0.6% | ||
| Q3 24 | 4.9% | 0.5% | ||
| Q2 24 | 3.3% | 0.7% | ||
| Q1 24 | 2.4% | 1.4% |
| Q4 25 | 4.10× | — | ||
| Q3 25 | 0.86× | — | ||
| Q2 25 | 1.01× | -0.93× | ||
| Q1 25 | 1.15× | — | ||
| Q4 24 | 4.63× | -4.24× | ||
| Q3 24 | 2.80× | — | ||
| Q2 24 | 1.41× | -0.46× | ||
| Q1 24 | 1.22× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FMNB
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% |
