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Side-by-side financial comparison of FORRESTER RESEARCH, INC. (FORR) and KINGSTONE COMPANIES, INC. (KINS). Click either name above to swap in a different company.

FORRESTER RESEARCH, INC. is the larger business by last-quarter revenue ($101.1M vs $56.4M, roughly 1.8× KINGSTONE COMPANIES, INC.). KINGSTONE COMPANIES, INC. runs the higher net margin — 26.2% vs -33.5%, a 59.7% gap on every dollar of revenue. On growth, KINGSTONE COMPANIES, INC. posted the faster year-over-year revenue change (34.0% vs -6.5%). KINGSTONE COMPANIES, INC. produced more free cash flow last quarter ($73.1M vs $-4.3M). Over the past eight quarters, KINGSTONE COMPANIES, INC.'s revenue compounded faster (25.6% 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.

Kingstone Companies, Inc., headquartered in Kingston, New York, provides property and casualty insurance products through its subsidiary, Kingstone Insurance Company. It places contracts with the third-party licensed premium finance company through its subsidiary Payments, Inc., a NYS licensed Insurance Premium Finance Company. Kingstone Insurance Company was ranked #1 of the 81 insurers rated by the Professional Insurance Agents Association in its 2010 Company Performance Survey. The company...

FORR vs KINS — Head-to-Head

Bigger by revenue
FORR
FORR
1.8× larger
FORR
$101.1M
$56.4M
KINS
Growing faster (revenue YoY)
KINS
KINS
+40.5% gap
KINS
34.0%
-6.5%
FORR
Higher net margin
KINS
KINS
59.7% more per $
KINS
26.2%
-33.5%
FORR
More free cash flow
KINS
KINS
$77.3M more FCF
KINS
$73.1M
$-4.3M
FORR
Faster 2-yr revenue CAGR
KINS
KINS
Annualised
KINS
25.6%
0.5%
FORR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FORR
FORR
KINS
KINS
Revenue
$101.1M
$56.4M
Net Profit
$-33.9M
$14.8M
Gross Margin
56.7%
Operating Margin
-36.6%
32.7%
Net Margin
-33.5%
26.2%
Revenue YoY
-6.5%
34.0%
Net Profit YoY
-7941.4%
171.4%
EPS (diluted)
$-1.75
$1.09

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
FORR
FORR
KINS
KINS
Q4 25
$101.1M
$56.4M
Q3 25
$94.3M
$55.7M
Q2 25
$111.7M
$52.3M
Q1 25
$89.9M
$50.5M
Q4 24
$108.0M
$42.1M
Q3 24
$102.5M
$40.8M
Q2 24
$121.8M
$36.5M
Q1 24
$100.1M
$35.8M
Net Profit
FORR
FORR
KINS
KINS
Q4 25
$-33.9M
$14.8M
Q3 25
$-2.1M
$10.9M
Q2 25
$3.9M
$11.3M
Q1 25
$-87.3M
$3.9M
Q4 24
$432.0K
$5.4M
Q3 24
$-5.8M
$7.0M
Q2 24
$6.3M
$4.5M
Q1 24
$-6.7M
$1.4M
Gross Margin
FORR
FORR
KINS
KINS
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%
Operating Margin
FORR
FORR
KINS
KINS
Q4 25
-36.6%
32.7%
Q3 25
4.7%
24.6%
Q2 25
6.2%
27.1%
Q1 25
-97.5%
9.3%
Q4 24
-0.5%
15.9%
Q3 24
-0.7%
22.3%
Q2 24
9.3%
15.7%
Q1 24
-9.3%
5.0%
Net Margin
FORR
FORR
KINS
KINS
Q4 25
-33.5%
26.2%
Q3 25
-2.3%
19.5%
Q2 25
3.5%
21.5%
Q1 25
-97.1%
7.7%
Q4 24
0.4%
12.9%
Q3 24
-5.7%
17.1%
Q2 24
5.2%
12.4%
Q1 24
-6.7%
4.0%
EPS (diluted)
FORR
FORR
KINS
KINS
Q4 25
$-1.75
$1.09
Q3 25
$-0.11
$0.74
Q2 25
$0.20
$0.78
Q1 25
$-4.62
$0.27
Q4 24
$0.02
$0.44
Q3 24
$-0.30
$0.55
Q2 24
$0.33
$0.37
Q1 24
$-0.35
$0.12

Balance Sheet & Financial Strength

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

Metric
FORR
FORR
KINS
KINS
Cash + ST InvestmentsLiquidity on hand
$63.3M
Total DebtLower is stronger
$4.4M
Stockholders' EquityBook value
$126.5M
$122.7M
Total Assets
$404.0M
$453.4M
Debt / EquityLower = less leverage
0.04×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FORR
FORR
KINS
KINS
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
Total Debt
FORR
FORR
KINS
KINS
Q4 25
$4.4M
Q3 25
$4.8M
Q2 25
$5.1M
Q1 25
$5.4M
Q4 24
$11.2M
Q3 24
$17.3M
Q2 24
$25.3M
Q1 24
$25.3M
Stockholders' Equity
FORR
FORR
KINS
KINS
Q4 25
$126.5M
$122.7M
Q3 25
$157.7M
$107.7M
Q2 25
$159.5M
$94.9M
Q1 25
$147.4M
$82.2M
Q4 24
$229.5M
$66.7M
Q3 24
$234.3M
$59.7M
Q2 24
$237.1M
$40.8M
Q1 24
$230.9M
$35.7M
Total Assets
FORR
FORR
KINS
KINS
Q4 25
$404.0M
$453.4M
Q3 25
$414.2M
$428.6M
Q2 25
$436.0M
$393.4M
Q1 25
$439.8M
$385.4M
Q4 24
$503.9M
$374.9M
Q3 24
$505.3M
$347.0M
Q2 24
$524.2M
$319.8M
Q1 24
$555.7M
$318.3M
Debt / Equity
FORR
FORR
KINS
KINS
Q4 25
0.04×
Q3 25
0.04×
Q2 25
0.05×
Q1 25
0.07×
Q4 24
0.17×
Q3 24
0.29×
Q2 24
0.62×
Q1 24
0.71×

Cash Flow & Capital Efficiency

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

Metric
FORR
FORR
KINS
KINS
Operating Cash FlowLast quarter
$-3.2M
$75.9M
Free Cash FlowOCF − Capex
$-4.3M
$73.1M
FCF MarginFCF / Revenue
-4.2%
129.5%
Capex IntensityCapex / Revenue
1.1%
5.0%
Cash ConversionOCF / Net Profit
5.14×
TTM Free Cash FlowTrailing 4 quarters
$18.1M
$124.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FORR
FORR
KINS
KINS
Q4 25
$-3.2M
$75.9M
Q3 25
$1.2M
$25.9M
Q2 25
$-3.6M
$9.3M
Q1 25
$26.7M
$17.9M
Q4 24
$-1.8M
$57.9M
Q3 24
$264.0K
$21.7M
Q2 24
$-2.9M
$7.1M
Q1 24
$611.0K
$6.1M
Free Cash Flow
FORR
FORR
KINS
KINS
Q4 25
$-4.3M
$73.1M
Q3 25
$524.0K
$25.3M
Q2 25
$-4.2M
$8.7M
Q1 25
$26.1M
$17.0M
Q4 24
$-2.5M
$55.6M
Q3 24
$-223.0K
$21.0M
Q2 24
$-3.7M
$6.6M
Q1 24
$-815.0K
$5.6M
FCF Margin
FORR
FORR
KINS
KINS
Q4 25
-4.2%
129.5%
Q3 25
0.6%
45.4%
Q2 25
-3.8%
16.6%
Q1 25
29.0%
33.7%
Q4 24
-2.3%
132.1%
Q3 24
-0.2%
51.6%
Q2 24
-3.1%
18.1%
Q1 24
-0.8%
15.5%
Capex Intensity
FORR
FORR
KINS
KINS
Q4 25
1.1%
5.0%
Q3 25
0.7%
1.2%
Q2 25
0.5%
1.1%
Q1 25
0.7%
1.7%
Q4 24
0.6%
5.6%
Q3 24
0.5%
1.7%
Q2 24
0.7%
1.4%
Q1 24
1.4%
1.5%
Cash Conversion
FORR
FORR
KINS
KINS
Q4 25
5.14×
Q3 25
2.38×
Q2 25
-0.93×
0.82×
Q1 25
4.60×
Q4 24
-4.24×
10.65×
Q3 24
3.12×
Q2 24
-0.46×
1.58×
Q1 24
4.27×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FORR
FORR

Research Segment$82.2M81%
Consulting Segment$16.2M16%
Billable Expenses$1.5M2%
Professional Services$1.4M1%

KINS
KINS

Segment breakdown not available.

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