vs
Side-by-side financial comparison of FORRESTER RESEARCH, INC. (FORR) and MOVADO GROUP INC (MOV). Click either name above to swap in a different company.
MOVADO GROUP INC is the larger business by last-quarter revenue ($186.1M vs $101.1M, roughly 1.8× FORRESTER RESEARCH, INC.). MOVADO GROUP INC runs the higher net margin — 5.1% vs -33.5%, a 38.7% gap on every dollar of revenue. On growth, MOVADO GROUP INC posted the faster year-over-year revenue change (1.9% vs -6.5%). MOVADO GROUP INC produced more free cash flow last quarter ($11.6M vs $-4.3M). Over the past eight quarters, MOVADO GROUP INC's revenue compounded faster (2.9% 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.
Movado is a luxury American watch brand originally founded in 1881 in Switzerland. Movado means "movement" in Esperanto. The watches are known for their signature metallic dot at 12 o'clock and minimalist style; the company is best known for its Museum Watch.
FORR vs MOV — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $101.1M | $186.1M |
| Net Profit | $-33.9M | $9.6M |
| Gross Margin | 56.7% | 54.3% |
| Operating Margin | -36.6% | 6.3% |
| Net Margin | -33.5% | 5.1% |
| Revenue YoY | -6.5% | 1.9% |
| Net Profit YoY | -7941.4% | 89.8% |
| EPS (diluted) | $-1.75 | $0.42 |
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 | $101.1M | $186.1M | ||
| Q3 25 | $94.3M | $161.8M | ||
| Q2 25 | $111.7M | $131.8M | ||
| Q1 25 | $89.9M | $181.5M | ||
| Q4 24 | $108.0M | $180.5M | ||
| Q3 24 | $102.5M | $157.0M | ||
| Q2 24 | $121.8M | $134.4M | ||
| Q1 24 | $100.1M | $175.8M |
| Q4 25 | $-33.9M | $9.6M | ||
| Q3 25 | $-2.1M | $3.0M | ||
| Q2 25 | $3.9M | $1.4M | ||
| Q1 25 | $-87.3M | $8.1M | ||
| Q4 24 | $432.0K | $4.8M | ||
| Q3 24 | $-5.8M | $3.5M | ||
| Q2 24 | $6.3M | $2.0M | ||
| Q1 24 | $-6.7M | $9.8M |
| Q4 25 | 56.7% | 54.3% | ||
| Q3 25 | 60.0% | 54.1% | ||
| Q2 25 | 55.5% | 54.1% | ||
| Q1 25 | 55.9% | 54.2% | ||
| Q4 24 | 58.8% | 53.5% | ||
| Q3 24 | 60.5% | 54.3% | ||
| Q2 24 | 57.3% | 54.3% | ||
| Q1 24 | 54.9% | 53.5% |
| Q4 25 | -36.6% | 6.3% | ||
| Q3 25 | 4.7% | 2.5% | ||
| Q2 25 | 6.2% | 0.2% | ||
| Q1 25 | -97.5% | 5.1% | ||
| Q4 24 | -0.5% | 3.3% | ||
| Q3 24 | -0.7% | 1.7% | ||
| Q2 24 | 9.3% | 1.6% | ||
| Q1 24 | -9.3% | 6.1% |
| Q4 25 | -33.5% | 5.1% | ||
| Q3 25 | -2.3% | 1.8% | ||
| Q2 25 | 3.5% | 1.1% | ||
| Q1 25 | -97.1% | 4.4% | ||
| Q4 24 | 0.4% | 2.7% | ||
| Q3 24 | -5.7% | 2.2% | ||
| Q2 24 | 5.2% | 1.5% | ||
| Q1 24 | -6.7% | 5.6% |
| Q4 25 | $-1.75 | $0.42 | ||
| Q3 25 | $-0.11 | $0.13 | ||
| Q2 25 | $0.20 | $0.06 | ||
| Q1 25 | $-4.62 | $0.36 | ||
| Q4 24 | $0.02 | $0.21 | ||
| Q3 24 | $-0.30 | $0.15 | ||
| Q2 24 | $0.33 | $0.09 | ||
| Q1 24 | $-0.35 | $0.44 |
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 | $183.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $126.5M | $497.5M |
| Total Assets | $404.0M | $751.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $63.3M | $183.9M | ||
| Q3 25 | $65.1M | $180.5M | ||
| Q2 25 | $67.8M | $203.1M | ||
| Q1 25 | $75.6M | $208.5M | ||
| Q4 24 | $56.1M | $181.5M | ||
| Q3 24 | $62.8M | $198.3M | ||
| Q2 24 | $58.9M | $225.4M | ||
| Q1 24 | $61.4M | $262.1M |
| Q4 25 | $126.5M | $497.5M | ||
| Q3 25 | $157.7M | $489.9M | ||
| Q2 25 | $159.5M | $493.2M | ||
| Q1 25 | $147.4M | $481.3M | ||
| Q4 24 | $229.5M | $491.3M | ||
| Q3 24 | $234.3M | $492.0M | ||
| Q2 24 | $237.1M | $489.6M | ||
| Q1 24 | $230.9M | $505.9M |
| Q4 25 | $404.0M | $751.9M | ||
| Q3 25 | $414.2M | $748.7M | ||
| Q2 25 | $436.0M | $747.2M | ||
| Q1 25 | $439.8M | $729.2M | ||
| Q4 24 | $503.9M | $747.2M | ||
| Q3 24 | $505.3M | $742.5M | ||
| Q2 24 | $524.2M | $736.0M | ||
| Q1 24 | $555.7M | $756.5M |
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 | $12.3M |
| Free Cash FlowOCF − Capex | $-4.3M | $11.6M |
| FCF MarginFCF / Revenue | -4.2% | 6.2% |
| Capex IntensityCapex / Revenue | 1.1% | 0.4% |
| Cash ConversionOCF / Net Profit | — | 1.28× |
| TTM Free Cash FlowTrailing 4 quarters | $18.1M | $35.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-3.2M | $12.3M | ||
| Q3 25 | $1.2M | $-3.8M | ||
| Q2 25 | $-3.6M | $-7.2M | ||
| Q1 25 | $26.7M | $39.1M | ||
| Q4 24 | $-1.8M | $-4.7M | ||
| Q3 24 | $264.0K | $-17.8M | ||
| Q2 24 | $-2.9M | $-18.1M | ||
| Q1 24 | $611.0K | $69.4M |
| Q4 25 | $-4.3M | $11.6M | ||
| Q3 25 | $524.0K | $-5.1M | ||
| Q2 25 | $-4.2M | $-8.7M | ||
| Q1 25 | $26.1M | $37.5M | ||
| Q4 24 | $-2.5M | $-7.2M | ||
| Q3 24 | $-223.0K | $-20.1M | ||
| Q2 24 | $-3.7M | $-19.7M | ||
| Q1 24 | $-815.0K | $67.8M |
| Q4 25 | -4.2% | 6.2% | ||
| Q3 25 | 0.6% | -3.1% | ||
| Q2 25 | -3.8% | -6.6% | ||
| Q1 25 | 29.0% | 20.7% | ||
| Q4 24 | -2.3% | -4.0% | ||
| Q3 24 | -0.2% | -12.8% | ||
| Q2 24 | -3.1% | -14.7% | ||
| Q1 24 | -0.8% | 38.6% |
| Q4 25 | 1.1% | 0.4% | ||
| Q3 25 | 0.7% | 0.8% | ||
| Q2 25 | 0.5% | 1.2% | ||
| Q1 25 | 0.7% | 0.9% | ||
| Q4 24 | 0.6% | 1.4% | ||
| Q3 24 | 0.5% | 1.5% | ||
| Q2 24 | 0.7% | 1.2% | ||
| Q1 24 | 1.4% | 0.9% |
| Q4 25 | — | 1.28× | ||
| Q3 25 | — | -1.27× | ||
| Q2 25 | -0.93× | -5.08× | ||
| Q1 25 | — | 4.86× | ||
| Q4 24 | -4.24× | -0.98× | ||
| Q3 24 | — | -5.14× | ||
| Q2 24 | -0.46× | -8.97× | ||
| Q1 24 | — | 7.06× |
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% |
MOV
| Other | $81.4M | 44% |
| Owned Brands Category | $46.0M | 25% |
| Sales Channel Directly To Consumer | $35.3M | 19% |
| Company Stores | $23.4M | 13% |
