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Side-by-side financial comparison of Forian Inc. (FORA) and TAYLOR DEVICES, INC. (TAYD). Click either name above to swap in a different company.

TAYLOR DEVICES, INC. is the larger business by last-quarter revenue ($11.6M vs $8.0M, roughly 1.5× Forian Inc.). TAYLOR DEVICES, INC. runs the higher net margin — 17.3% vs -22.9%, a 40.2% gap on every dollar of revenue. On growth, Forian Inc. posted the faster year-over-year revenue change (37.0% vs 35.7%). Over the past eight quarters, Forian Inc.'s revenue compounded faster (27.8% CAGR vs -2.7%).

Forian Inc is a specialized healthcare technology and data analytics firm offering SaaS-based real-world evidence solutions, clinical decision support tools, and operational optimization services. It serves biopharmaceutical companies, healthcare providers, and life sciences stakeholders to improve patient outcomes, accelerate research, and boost care delivery efficiency.

Taylor Corporation is a privately owned print and communications company headquartered in North Mankato, Minnesota, and was founded in 1975 by businessman Glen Taylor. The company comprises more than 90 locations and employs nearly 10,000 employees. Taylor has print operations in dozens of U.S. states and multiple countries around the world.

FORA vs TAYD — Head-to-Head

Bigger by revenue
TAYD
TAYD
1.5× larger
TAYD
$11.6M
$8.0M
FORA
Growing faster (revenue YoY)
FORA
FORA
+1.3% gap
FORA
37.0%
35.7%
TAYD
Higher net margin
TAYD
TAYD
40.2% more per $
TAYD
17.3%
-22.9%
FORA
Faster 2-yr revenue CAGR
FORA
FORA
Annualised
FORA
27.8%
-2.7%
TAYD

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
FORA
FORA
TAYD
TAYD
Revenue
$8.0M
$11.6M
Net Profit
$-1.8M
$2.0M
Gross Margin
49.2%
47.0%
Operating Margin
-24.4%
19.2%
Net Margin
-22.9%
17.3%
Revenue YoY
37.0%
35.7%
Net Profit YoY
-1012.2%
90.2%
EPS (diluted)
$-0.06

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
FORA
FORA
TAYD
TAYD
Q4 25
$8.0M
$11.6M
Q3 25
$7.8M
$9.9M
Q2 25
$7.5M
$15.6M
Q1 25
$7.1M
$10.6M
Q4 24
$5.8M
$8.5M
Q3 24
$4.7M
$11.6M
Q2 24
$4.8M
$12.1M
Q1 24
$4.9M
$12.3M
Net Profit
FORA
FORA
TAYD
TAYD
Q4 25
$-1.8M
$2.0M
Q3 25
$-151.2K
$2.2M
Q2 25
$224.8K
$3.7M
Q1 25
$-1.1M
$2.0M
Q4 24
$199.7K
$1.1M
Q3 24
$-204.9K
$2.7M
Q2 24
$-2.6M
$2.5M
Q1 24
$-1.2M
$2.7M
Gross Margin
FORA
FORA
TAYD
TAYD
Q4 25
49.2%
47.0%
Q3 25
51.6%
44.8%
Q2 25
56.8%
48.6%
Q1 25
55.6%
42.9%
Q4 24
58.3%
45.5%
Q3 24
70.1%
47.4%
Q2 24
62.2%
48.8%
Q1 24
65.1%
46.9%
Operating Margin
FORA
FORA
TAYD
TAYD
Q4 25
-24.4%
19.2%
Q3 25
-6.1%
22.6%
Q2 25
0.6%
24.2%
Q1 25
-19.8%
19.1%
Q4 24
-24.9%
11.0%
Q3 24
-17.0%
25.0%
Q2 24
-62.2%
20.8%
Q1 24
-36.3%
24.4%
Net Margin
FORA
FORA
TAYD
TAYD
Q4 25
-22.9%
17.3%
Q3 25
-1.9%
22.1%
Q2 25
3.0%
23.7%
Q1 25
-16.0%
19.0%
Q4 24
3.4%
12.4%
Q3 24
-4.4%
23.0%
Q2 24
-53.4%
20.5%
Q1 24
-24.9%
22.0%
EPS (diluted)
FORA
FORA
TAYD
TAYD
Q4 25
$-0.06
Q3 25
$0.00
Q2 25
$0.01
Q1 25
$-0.04
Q4 24
$0.01
Q3 24
$-0.01
Q2 24
$-0.08
Q1 24
$-0.04

Balance Sheet & Financial Strength

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

Metric
FORA
FORA
TAYD
TAYD
Cash + ST InvestmentsLiquidity on hand
$31.6M
$40.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$29.8M
$67.1M
Total Assets
$44.1M
$72.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FORA
FORA
TAYD
TAYD
Q4 25
$31.6M
$40.7M
Q3 25
$28.2M
$36.3M
Q2 25
$35.6M
$36.0M
Q1 25
$35.7M
$35.4M
Q4 24
$35.1M
$26.6M
Q3 24
$49.4M
$27.1M
Q2 24
$48.0M
$31.0M
Q1 24
$47.4M
$24.6M
Stockholders' Equity
FORA
FORA
TAYD
TAYD
Q4 25
$29.8M
$67.1M
Q3 25
$31.1M
$64.3M
Q2 25
$30.9M
$62.0M
Q1 25
$30.0M
$57.8M
Q4 24
$30.1M
$55.8M
Q3 24
$28.4M
$53.9M
Q2 24
$27.2M
$51.2M
Q1 24
$28.1M
$47.8M
Total Assets
FORA
FORA
TAYD
TAYD
Q4 25
$44.1M
$72.8M
Q3 25
$41.3M
$70.3M
Q2 25
$48.5M
$71.6M
Q1 25
$48.6M
$70.1M
Q4 24
$47.2M
$62.9M
Q3 24
$57.5M
$61.9M
Q2 24
$58.4M
$63.1M
Q1 24
$57.5M
$54.8M

Cash Flow & Capital Efficiency

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

Metric
FORA
FORA
TAYD
TAYD
Operating Cash FlowLast quarter
$3.2M
$5.7M
Free Cash FlowOCF − Capex
$4.4M
FCF MarginFCF / Revenue
38.3%
Capex IntensityCapex / Revenue
11.3%
Cash ConversionOCF / Net Profit
2.86×
TTM Free Cash FlowTrailing 4 quarters
$14.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FORA
FORA
TAYD
TAYD
Q4 25
$3.2M
$5.7M
Q3 25
$-439.7K
$483.6K
Q2 25
$-344.5K
$1.9M
Q1 25
$448.2K
$9.0M
Q4 24
$1.7M
$103.1K
Q3 24
$764.1K
$-3.6M
Q2 24
$-23.1K
$6.5M
Q1 24
$-2.2M
$-685.0K
Free Cash Flow
FORA
FORA
TAYD
TAYD
Q4 25
$4.4M
Q3 25
$298.6K
Q2 25
$491.3K
Q1 25
$8.8M
Q4 24
$-620.5K
Q3 24
$-3.8M
Q2 24
$6.1M
Q1 24
$-895.5K
FCF Margin
FORA
FORA
TAYD
TAYD
Q4 25
38.3%
Q3 25
3.0%
Q2 25
3.2%
Q1 25
83.6%
Q4 24
-7.3%
Q3 24
-33.0%
Q2 24
51.0%
Q1 24
-7.3%
Capex Intensity
FORA
FORA
TAYD
TAYD
Q4 25
11.3%
Q3 25
1.9%
Q2 25
9.3%
Q1 25
1.8%
Q4 24
0.0%
8.5%
Q3 24
0.0%
2.1%
Q2 24
0.0%
3.3%
Q1 24
0.0%
1.7%
Cash Conversion
FORA
FORA
TAYD
TAYD
Q4 25
2.86×
Q3 25
0.22×
Q2 25
-1.53×
0.52×
Q1 25
4.51×
Q4 24
8.76×
0.10×
Q3 24
-1.35×
Q2 24
2.65×
Q1 24
-0.25×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FORA
FORA

Financial Services Revenues$7.3M92%
Other$669.0K8%

TAYD
TAYD

Segment breakdown not available.

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