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Side-by-side financial comparison of FORRESTER RESEARCH, INC. (FORR) and Goosehead Insurance, Inc. (GSHD). Click either name above to swap in a different company.
FORRESTER RESEARCH, INC. is the larger business by last-quarter revenue ($101.1M vs $93.1M, roughly 1.1× Goosehead Insurance, Inc.). Goosehead Insurance, Inc. runs the higher net margin — 8.6% vs -33.5%, a 42.2% gap on every dollar of revenue. On growth, Goosehead Insurance, Inc. posted the faster year-over-year revenue change (23.1% vs -6.5%). Over the past eight quarters, Goosehead Insurance, Inc.'s revenue compounded faster (9.2% CAGR vs 0.5%).
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.
Goosehead Insurance is a U.S.-based personal lines insurance agency that offers a wide range of coverage products including auto, home, renters, flood, and specialty insurance. It partners with hundreds of insurance carriers to provide clients with tailored, cost-effective coverage options, operating via corporate locations and a national franchise network for independent agents.
FORR vs GSHD — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $101.1M | $93.1M |
| Net Profit | $-33.9M | $8.0M |
| Gross Margin | 56.7% | — |
| Operating Margin | -36.6% | 16.1% |
| Net Margin | -33.5% | 8.6% |
| Revenue YoY | -6.5% | 23.1% |
| Net Profit YoY | -7941.4% | 204.0% |
| EPS (diluted) | $-1.75 | $0.19 |
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 | — | $93.1M | ||
| Q4 25 | $101.1M | $105.3M | ||
| Q3 25 | $94.3M | $90.4M | ||
| Q2 25 | $111.7M | $94.0M | ||
| Q1 25 | $89.9M | $75.6M | ||
| Q4 24 | $108.0M | $93.9M | ||
| Q3 24 | $102.5M | $78.0M | ||
| Q2 24 | $121.8M | $78.1M |
| Q1 26 | — | $8.0M | ||
| Q4 25 | $-33.9M | $12.4M | ||
| Q3 25 | $-2.1M | $7.9M | ||
| Q2 25 | $3.9M | $5.2M | ||
| Q1 25 | $-87.3M | $2.3M | ||
| Q4 24 | $432.0K | $14.9M | ||
| Q3 24 | $-5.8M | $7.6M | ||
| Q2 24 | $6.3M | $6.2M |
| 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 | — | 16.1% | ||
| Q4 25 | -36.6% | 29.4% | ||
| Q3 25 | 4.7% | 23.5% | ||
| Q2 25 | 6.2% | 16.7% | ||
| Q1 25 | -97.5% | 8.8% | ||
| Q4 24 | -0.5% | 29.7% | ||
| Q3 24 | -0.7% | 21.1% | ||
| Q2 24 | 9.3% | 19.7% |
| Q1 26 | — | 8.6% | ||
| Q4 25 | -33.5% | 11.8% | ||
| Q3 25 | -2.3% | 8.7% | ||
| Q2 25 | 3.5% | 5.5% | ||
| Q1 25 | -97.1% | 3.1% | ||
| Q4 24 | 0.4% | 15.8% | ||
| Q3 24 | -5.7% | 9.7% | ||
| Q2 24 | 5.2% | 7.9% |
| Q1 26 | — | $0.19 | ||
| Q4 25 | $-1.75 | $0.48 | ||
| Q3 25 | $-0.11 | $0.29 | ||
| Q2 25 | $0.20 | $0.18 | ||
| Q1 25 | $-4.62 | $0.09 | ||
| Q4 24 | $0.02 | $0.58 | ||
| Q3 24 | $-0.30 | $0.29 | ||
| Q2 24 | $0.33 | $0.24 |
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 | $25.7M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $126.5M | $-121.3M |
| Total Assets | $404.0M | $392.8M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $25.7M | ||
| Q4 25 | $63.3M | $34.4M | ||
| Q3 25 | $65.1M | $51.6M | ||
| Q2 25 | $67.8M | $92.4M | ||
| Q1 25 | $75.6M | $70.2M | ||
| Q4 24 | $56.1M | $54.3M | ||
| Q3 24 | $62.8M | $47.5M | ||
| Q2 24 | $58.9M | $23.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | $289.5M | ||
| Q3 25 | — | $290.0M | ||
| Q2 25 | — | $289.8M | ||
| Q1 25 | — | $290.3M | ||
| Q4 24 | — | $82.3M | ||
| Q3 24 | — | $84.6M | ||
| Q2 24 | — | $87.0M |
| Q1 26 | — | $-121.3M | ||
| Q4 25 | $126.5M | $-95.5M | ||
| Q3 25 | $157.7M | $-105.0M | ||
| Q2 25 | $159.5M | $-78.6M | ||
| Q1 25 | $147.4M | $-88.5M | ||
| Q4 24 | $229.5M | $43.9M | ||
| Q3 24 | $234.3M | $58.3M | ||
| Q2 24 | $237.1M | $39.8M |
| Q1 26 | — | $392.8M | ||
| Q4 25 | $404.0M | $414.9M | ||
| Q3 25 | $414.2M | $403.6M | ||
| Q2 25 | $436.0M | $436.6M | ||
| Q1 25 | $439.8M | $412.6M | ||
| Q4 24 | $503.9M | $397.7M | ||
| Q3 24 | $505.3M | $358.1M | ||
| Q2 24 | $524.2M | $338.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.87× | ||
| Q3 24 | — | 1.45× | ||
| Q2 24 | — | 2.19× |
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 | $-3.2M | $91.8M | ||
| Q3 25 | $1.2M | $24.2M | ||
| Q2 25 | $-3.6M | $28.9M | ||
| Q1 25 | $26.7M | $15.5M | ||
| Q4 24 | $-1.8M | $71.5M | ||
| Q3 24 | $264.0K | $28.1M | ||
| Q2 24 | $-2.9M | $18.9M |
| Q1 26 | — | — | ||
| Q4 25 | $-4.3M | $86.1M | ||
| Q3 25 | $524.0K | $23.7M | ||
| Q2 25 | $-4.2M | $27.2M | ||
| Q1 25 | $26.1M | $14.9M | ||
| Q4 24 | $-2.5M | $70.6M | ||
| Q3 24 | $-223.0K | $28.0M | ||
| Q2 24 | $-3.7M | $18.6M |
| Q1 26 | — | — | ||
| Q4 25 | -4.2% | 81.8% | ||
| Q3 25 | 0.6% | 26.2% | ||
| Q2 25 | -3.8% | 28.9% | ||
| Q1 25 | 29.0% | 19.7% | ||
| Q4 24 | -2.3% | 75.1% | ||
| Q3 24 | -0.2% | 35.9% | ||
| Q2 24 | -3.1% | 23.9% |
| Q1 26 | — | — | ||
| Q4 25 | 1.1% | 5.4% | ||
| Q3 25 | 0.7% | 0.5% | ||
| Q2 25 | 0.5% | 1.8% | ||
| Q1 25 | 0.7% | 0.8% | ||
| Q4 24 | 0.6% | 1.0% | ||
| Q3 24 | 0.5% | 0.1% | ||
| Q2 24 | 0.7% | 0.3% |
| Q1 26 | — | — | ||
| Q4 25 | — | 7.38× | ||
| Q3 25 | — | 3.06× | ||
| Q2 25 | -0.93× | 5.61× | ||
| Q1 25 | — | 6.61× | ||
| Q4 24 | -4.24× | 4.82× | ||
| Q3 24 | — | 3.72× | ||
| Q2 24 | -0.46× | 3.05× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FORR
| Research Segment | $82.2M | 81% |
| Consulting Segment | $16.2M | 16% |
| Billable Expenses | $1.5M | 2% |
| Professional Services | $1.4M | 1% |
GSHD
| Renewal Royalty Fees (2) | $43.6M | 47% |
| Renewal Commissions (1) | $18.2M | 20% |
| Contingent Commissions (1) | $10.7M | 11% |
| New Business Royalty Fees (2) | $7.9M | 8% |
| New Business Commissions (1) | $7.5M | 8% |
| Other | $3.7M | 4% |
| Initial Franchise Fees (2) | $1.6M | 2% |
