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Side-by-side financial comparison of FORRESTER RESEARCH, INC. (FORR) and LAKELAND FINANCIAL CORP (LKFN). Click either name above to swap in a different company.

FORRESTER RESEARCH, INC. is the larger business by last-quarter revenue ($101.1M vs $69.7M, roughly 1.4× LAKELAND FINANCIAL CORP). LAKELAND FINANCIAL CORP runs the higher net margin — 38.0% vs -33.5%, a 71.5% gap on every dollar of revenue. Over the past eight quarters, LAKELAND FINANCIAL CORP's revenue compounded faster (0.7% 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.

Amscot Financial is an American financial services company headquartered in Tampa, Florida. Founded in 1989 by Ian MacKechnie, Amscot Financial provides non-bank consumer financial services through a network of retail branches located exclusively within Florida. Amscot's core services include check cashing, bill payment, prepaid access cards, payday loans, free money orders, ATMs in every branch, wire transfers, notary services, fax services, and postage. Amscot Financial operates nearly 240 ...

FORR vs LKFN — Head-to-Head

Bigger by revenue
FORR
FORR
1.4× larger
FORR
$101.1M
$69.7M
LKFN
Higher net margin
LKFN
LKFN
71.5% more per $
LKFN
38.0%
-33.5%
FORR
Faster 2-yr revenue CAGR
LKFN
LKFN
Annualised
LKFN
0.7%
0.5%
FORR

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
FORR
FORR
LKFN
LKFN
Revenue
$101.1M
$69.7M
Net Profit
$-33.9M
$26.5M
Gross Margin
56.7%
Operating Margin
-36.6%
Net Margin
-33.5%
38.0%
Revenue YoY
-6.5%
Net Profit YoY
-7941.4%
31.8%
EPS (diluted)
$-1.75
$1.04

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
LKFN
LKFN
Q1 26
$69.7M
Q4 25
$101.1M
$69.8M
Q3 25
$94.3M
$69.0M
Q2 25
$111.7M
$66.4M
Q1 25
$89.9M
$63.8M
Q4 24
$108.0M
$63.6M
Q3 24
$102.5M
$61.2M
Q2 24
$121.8M
$68.7M
Net Profit
FORR
FORR
LKFN
LKFN
Q1 26
$26.5M
Q4 25
$-33.9M
$29.9M
Q3 25
$-2.1M
$26.4M
Q2 25
$3.9M
$27.0M
Q1 25
$-87.3M
$20.1M
Q4 24
$432.0K
$24.2M
Q3 24
$-5.8M
$23.3M
Q2 24
$6.3M
$22.5M
Gross Margin
FORR
FORR
LKFN
LKFN
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%
Operating Margin
FORR
FORR
LKFN
LKFN
Q1 26
Q4 25
-36.6%
52.1%
Q3 25
4.7%
46.4%
Q2 25
6.2%
49.6%
Q1 25
-97.5%
38.0%
Q4 24
-0.5%
46.0%
Q3 24
-0.7%
45.3%
Q2 24
9.3%
39.2%
Net Margin
FORR
FORR
LKFN
LKFN
Q1 26
38.0%
Q4 25
-33.5%
42.8%
Q3 25
-2.3%
38.3%
Q2 25
3.5%
40.6%
Q1 25
-97.1%
31.5%
Q4 24
0.4%
38.1%
Q3 24
-5.7%
38.1%
Q2 24
5.2%
32.8%
EPS (diluted)
FORR
FORR
LKFN
LKFN
Q1 26
$1.04
Q4 25
$-1.75
$1.16
Q3 25
$-0.11
$1.03
Q2 25
$0.20
$1.04
Q1 25
$-4.62
$0.78
Q4 24
$0.02
$0.94
Q3 24
$-0.30
$0.91
Q2 24
$0.33
$0.87

Balance Sheet & Financial Strength

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

Metric
FORR
FORR
LKFN
LKFN
Cash + ST InvestmentsLiquidity on hand
$63.3M
$85.6M
Total DebtLower is stronger
$183.6M
Stockholders' EquityBook value
$126.5M
$749.0M
Total Assets
$404.0M
$7.1B
Debt / EquityLower = less leverage
0.25×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FORR
FORR
LKFN
LKFN
Q1 26
$85.6M
Q4 25
$63.3M
$141.3M
Q3 25
$65.1M
$192.8M
Q2 25
$67.8M
$310.2M
Q1 25
$75.6M
$235.2M
Q4 24
$56.1M
$168.2M
Q3 24
$62.8M
$160.2M
Q2 24
$58.9M
$121.2M
Total Debt
FORR
FORR
LKFN
LKFN
Q1 26
$183.6M
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$30.0M
Q2 24
$55.0M
Stockholders' Equity
FORR
FORR
LKFN
LKFN
Q1 26
$749.0M
Q4 25
$126.5M
$762.4M
Q3 25
$157.7M
$747.4M
Q2 25
$159.5M
$709.9M
Q1 25
$147.4M
$694.4M
Q4 24
$229.5M
$683.8M
Q3 24
$234.3M
$699.1M
Q2 24
$237.1M
$654.5M
Total Assets
FORR
FORR
LKFN
LKFN
Q1 26
$7.1B
Q4 25
$404.0M
$7.0B
Q3 25
$414.2M
$6.9B
Q2 25
$436.0M
$7.0B
Q1 25
$439.8M
$6.9B
Q4 24
$503.9M
$6.7B
Q3 24
$505.3M
$6.6B
Q2 24
$524.2M
$6.6B
Debt / Equity
FORR
FORR
LKFN
LKFN
Q1 26
0.25×
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
0.04×
Q2 24
0.08×

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
LKFN
LKFN
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.

Operating Cash Flow
FORR
FORR
LKFN
LKFN
Q1 26
Q4 25
$-3.2M
$114.9M
Q3 25
$1.2M
$36.1M
Q2 25
$-3.6M
$16.2M
Q1 25
$26.7M
$28.9M
Q4 24
$-1.8M
$102.5M
Q3 24
$264.0K
$18.0M
Q2 24
$-2.9M
$21.0M
Free Cash Flow
FORR
FORR
LKFN
LKFN
Q1 26
Q4 25
$-4.3M
$103.8M
Q3 25
$524.0K
$31.1M
Q2 25
$-4.2M
$14.1M
Q1 25
$26.1M
$27.1M
Q4 24
$-2.5M
$93.9M
Q3 24
$-223.0K
$15.3M
Q2 24
$-3.7M
$18.6M
FCF Margin
FORR
FORR
LKFN
LKFN
Q1 26
Q4 25
-4.2%
148.7%
Q3 25
0.6%
45.0%
Q2 25
-3.8%
21.2%
Q1 25
29.0%
42.5%
Q4 24
-2.3%
147.6%
Q3 24
-0.2%
25.0%
Q2 24
-3.1%
27.0%
Capex Intensity
FORR
FORR
LKFN
LKFN
Q1 26
Q4 25
1.1%
15.9%
Q3 25
0.7%
7.3%
Q2 25
0.5%
3.2%
Q1 25
0.7%
2.8%
Q4 24
0.6%
13.6%
Q3 24
0.5%
4.4%
Q2 24
0.7%
3.5%
Cash Conversion
FORR
FORR
LKFN
LKFN
Q1 26
Q4 25
3.84×
Q3 25
1.37×
Q2 25
-0.93×
0.60×
Q1 25
1.44×
Q4 24
-4.24×
4.24×
Q3 24
0.77×
Q2 24
-0.46×
0.93×

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%

LKFN
LKFN

Net Interest Income$56.8M81%
Noninterest Income$12.9M19%

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