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Side-by-side financial comparison of FORRESTER RESEARCH, INC. (FORR) and MID PENN BANCORP INC (MPB). Click either name above to swap in a different company.
FORRESTER RESEARCH, INC. is the larger business by last-quarter revenue ($101.1M vs $62.0M, roughly 1.6× MID PENN BANCORP INC). MID PENN BANCORP INC runs the higher net margin — 31.4% vs -33.5%, a 64.9% gap on every dollar of revenue. On growth, MID PENN BANCORP INC posted the faster year-over-year revenue change (30.8% vs -6.5%). MID PENN BANCORP INC produced more free cash flow last quarter ($71.8M vs $-4.3M). Over the past eight quarters, MID PENN BANCORP INC's revenue compounded faster (21.1% 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.
Commerce Bancorp was a Cherry Hill, New Jersey–based bank created in 1973. In 2007, it was purchased by Toronto-Dominion Bank, which merged Commerce into TD Banknorth, the latter of which was rebranded to TD Bank.
FORR vs MPB — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $101.1M | $62.0M |
| Net Profit | $-33.9M | $19.4M |
| Gross Margin | 56.7% | — |
| Operating Margin | -36.6% | 43.6% |
| Net Margin | -33.5% | 31.4% |
| Revenue YoY | -6.5% | 30.8% |
| Net Profit YoY | -7941.4% | 47.0% |
| EPS (diluted) | $-1.75 | $0.83 |
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 | $62.0M | ||
| Q3 25 | $94.3M | $61.8M | ||
| Q2 25 | $111.7M | $54.3M | ||
| Q1 25 | $89.9M | $47.7M | ||
| Q4 24 | $108.0M | $47.4M | ||
| Q3 24 | $102.5M | $45.3M | ||
| Q2 24 | $121.8M | $44.1M | ||
| Q1 24 | $100.1M | $42.3M |
| Q4 25 | $-33.9M | $19.4M | ||
| Q3 25 | $-2.1M | $18.3M | ||
| Q2 25 | $3.9M | $4.8M | ||
| Q1 25 | $-87.3M | $13.7M | ||
| Q4 24 | $432.0K | $13.2M | ||
| Q3 24 | $-5.8M | $12.3M | ||
| Q2 24 | $6.3M | $11.8M | ||
| Q1 24 | $-6.7M | $12.1M |
| 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% | — |
| Q4 25 | -36.6% | 43.6% | ||
| Q3 25 | 4.7% | 39.3% | ||
| Q2 25 | 6.2% | 7.9% | ||
| Q1 25 | -97.5% | 35.2% | ||
| Q4 24 | -0.5% | 34.1% | ||
| Q3 24 | -0.7% | 32.8% | ||
| Q2 24 | 9.3% | 32.4% | ||
| Q1 24 | -9.3% | 34.8% |
| Q4 25 | -33.5% | 31.4% | ||
| Q3 25 | -2.3% | 29.6% | ||
| Q2 25 | 3.5% | 8.8% | ||
| Q1 25 | -97.1% | 28.8% | ||
| Q4 24 | 0.4% | 27.9% | ||
| Q3 24 | -5.7% | 27.1% | ||
| Q2 24 | 5.2% | 26.7% | ||
| Q1 24 | -6.7% | 28.7% |
| Q4 25 | $-1.75 | $0.83 | ||
| Q3 25 | $-0.11 | $0.79 | ||
| Q2 25 | $0.20 | $0.22 | ||
| Q1 25 | $-4.62 | $0.71 | ||
| Q4 24 | $0.02 | $0.72 | ||
| Q3 24 | $-0.30 | $0.74 | ||
| Q2 24 | $0.33 | $0.71 | ||
| Q1 24 | $-0.35 | $0.73 |
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 | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $126.5M | $814.1M |
| Total Assets | $404.0M | $6.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| 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 | — |
| Q4 25 | $126.5M | $814.1M | ||
| Q3 25 | $157.7M | $796.3M | ||
| Q2 25 | $159.5M | $775.7M | ||
| Q1 25 | $147.4M | $667.9M | ||
| Q4 24 | $229.5M | $655.0M | ||
| Q3 24 | $234.3M | $573.1M | ||
| Q2 24 | $237.1M | $559.7M | ||
| Q1 24 | $230.9M | $551.0M |
| Q4 25 | $404.0M | $6.1B | ||
| Q3 25 | $414.2M | $6.3B | ||
| Q2 25 | $436.0M | $6.4B | ||
| Q1 25 | $439.8M | $5.5B | ||
| Q4 24 | $503.9M | $5.5B | ||
| Q3 24 | $505.3M | $5.5B | ||
| Q2 24 | $524.2M | $5.4B | ||
| Q1 24 | $555.7M | $5.3B |
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 | $80.0M |
| Free Cash FlowOCF − Capex | $-4.3M | $71.8M |
| FCF MarginFCF / Revenue | -4.2% | 115.8% |
| Capex IntensityCapex / Revenue | 1.1% | 13.3% |
| Cash ConversionOCF / Net Profit | — | 4.12× |
| TTM Free Cash FlowTrailing 4 quarters | $18.1M | $132.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-3.2M | $80.0M | ||
| Q3 25 | $1.2M | $26.3M | ||
| Q2 25 | $-3.6M | $29.0M | ||
| Q1 25 | $26.7M | $11.5M | ||
| Q4 24 | $-1.8M | $51.4M | ||
| Q3 24 | $264.0K | $16.9M | ||
| Q2 24 | $-2.9M | $18.0M | ||
| Q1 24 | $611.0K | $12.4M |
| Q4 25 | $-4.3M | $71.8M | ||
| Q3 25 | $524.0K | $24.3M | ||
| Q2 25 | $-4.2M | $27.2M | ||
| Q1 25 | $26.1M | $8.8M | ||
| Q4 24 | $-2.5M | $44.5M | ||
| Q3 24 | $-223.0K | $16.8M | ||
| Q2 24 | $-3.7M | $17.7M | ||
| Q1 24 | $-815.0K | $12.1M |
| Q4 25 | -4.2% | 115.8% | ||
| Q3 25 | 0.6% | 39.4% | ||
| Q2 25 | -3.8% | 50.1% | ||
| Q1 25 | 29.0% | 18.4% | ||
| Q4 24 | -2.3% | 93.8% | ||
| Q3 24 | -0.2% | 37.1% | ||
| Q2 24 | -3.1% | 40.2% | ||
| Q1 24 | -0.8% | 28.5% |
| Q4 25 | 1.1% | 13.3% | ||
| Q3 25 | 0.7% | 3.1% | ||
| Q2 25 | 0.5% | 3.2% | ||
| Q1 25 | 0.7% | 5.7% | ||
| Q4 24 | 0.6% | 14.6% | ||
| Q3 24 | 0.5% | 0.0% | ||
| Q2 24 | 0.7% | 0.7% | ||
| Q1 24 | 1.4% | 0.8% |
| Q4 25 | — | 4.12× | ||
| Q3 25 | — | 1.44× | ||
| Q2 25 | -0.93× | 6.08× | ||
| Q1 25 | — | 0.84× | ||
| Q4 24 | -4.24× | 3.88× | ||
| Q3 24 | — | 1.37× | ||
| Q2 24 | -0.46× | 1.53× | ||
| Q1 24 | — | 1.02× |
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% |
MPB
Segment breakdown not available.
