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Side-by-side financial comparison of FORRESTER RESEARCH, INC. (FORR) and N-able, Inc. (NABL). Click either name above to swap in a different company.
N-able, Inc. is the larger business by last-quarter revenue ($130.3M vs $101.1M, roughly 1.3× FORRESTER RESEARCH, INC.). On growth, N-able, Inc. posted the faster year-over-year revenue change (11.8% vs -6.5%). N-able, Inc. produced more free cash flow last quarter ($20.9M vs $-4.3M). Over the past eight quarters, N-able, Inc.'s revenue compounded faster (7.0% 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.
Able UK is a British industrial services company specialising in decommissioning of ships and offshore installations.
FORR vs NABL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $101.1M | $130.3M |
| Net Profit | $-33.9M | — |
| Gross Margin | 56.7% | 76.2% |
| Operating Margin | -36.6% | 10.2% |
| Net Margin | -33.5% | — |
| Revenue YoY | -6.5% | 11.8% |
| Net Profit YoY | -7941.4% | — |
| EPS (diluted) | $-1.75 | $-0.04 |
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.
| Q4 25 | $101.1M | $130.3M | ||
| Q3 25 | $94.3M | $131.7M | ||
| Q2 25 | $111.7M | $131.2M | ||
| Q1 25 | $89.9M | $118.2M | ||
| Q4 24 | $108.0M | $116.5M | ||
| Q3 24 | $102.5M | $116.4M | ||
| Q2 24 | $121.8M | $119.4M | ||
| Q1 24 | $100.1M | $113.7M |
| Q4 25 | $-33.9M | — | ||
| Q3 25 | $-2.1M | $1.4M | ||
| Q2 25 | $3.9M | $-4.0M | ||
| Q1 25 | $-87.3M | $-7.2M | ||
| Q4 24 | $432.0K | — | ||
| Q3 24 | $-5.8M | $10.8M | ||
| Q2 24 | $6.3M | $9.5M | ||
| Q1 24 | $-6.7M | $7.5M |
| Q4 25 | 56.7% | 76.2% | ||
| Q3 25 | 60.0% | 77.5% | ||
| Q2 25 | 55.5% | 78.1% | ||
| Q1 25 | 55.9% | 76.6% | ||
| Q4 24 | 58.8% | 80.0% | ||
| Q3 24 | 60.5% | 82.9% | ||
| Q2 24 | 57.3% | 84.0% | ||
| Q1 24 | 54.9% | 83.9% |
| Q4 25 | -36.6% | 10.2% | ||
| Q3 25 | 4.7% | 8.8% | ||
| Q2 25 | 6.2% | 7.7% | ||
| Q1 25 | -97.5% | 1.5% | ||
| Q4 24 | -0.5% | 13.7% | ||
| Q3 24 | -0.7% | 20.5% | ||
| Q2 24 | 9.3% | 18.4% | ||
| Q1 24 | -9.3% | 18.0% |
| Q4 25 | -33.5% | — | ||
| Q3 25 | -2.3% | 1.1% | ||
| Q2 25 | 3.5% | -3.1% | ||
| Q1 25 | -97.1% | -6.1% | ||
| Q4 24 | 0.4% | — | ||
| Q3 24 | -5.7% | 9.2% | ||
| Q2 24 | 5.2% | 7.9% | ||
| Q1 24 | -6.7% | 6.6% |
| Q4 25 | $-1.75 | $-0.04 | ||
| Q3 25 | $-0.11 | $0.01 | ||
| Q2 25 | $0.20 | $-0.02 | ||
| Q1 25 | $-4.62 | $-0.04 | ||
| Q4 24 | $0.02 | $0.01 | ||
| Q3 24 | $-0.30 | $0.06 | ||
| Q2 24 | $0.33 | $0.05 | ||
| Q1 24 | $-0.35 | $0.04 |
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 | $111.8M |
| Total DebtLower is stronger | — | $393.9M |
| Stockholders' EquityBook value | $126.5M | $804.7M |
| Total Assets | $404.0M | $1.4B |
| Debt / EquityLower = less leverage | — | 0.49× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $63.3M | $111.8M | ||
| Q3 25 | $65.1M | $101.4M | ||
| Q2 25 | $67.8M | $93.9M | ||
| Q1 25 | $75.6M | $94.1M | ||
| Q4 24 | $56.1M | $85.2M | ||
| Q3 24 | $62.8M | $174.4M | ||
| Q2 24 | $58.9M | $157.5M | ||
| Q1 24 | $61.4M | $139.2M |
| Q4 25 | — | $393.9M | ||
| Q3 25 | — | $331.7M | ||
| Q2 25 | — | $332.1M | ||
| Q1 25 | — | $332.6M | ||
| Q4 24 | — | $333.1M | ||
| Q3 24 | — | $333.6M | ||
| Q2 24 | — | $334.1M | ||
| Q1 24 | — | $334.5M |
| Q4 25 | $126.5M | $804.7M | ||
| Q3 25 | $157.7M | $813.4M | ||
| Q2 25 | $159.5M | $809.4M | ||
| Q1 25 | $147.4M | $775.1M | ||
| Q4 24 | $229.5M | $759.3M | ||
| Q3 24 | $234.3M | $765.0M | ||
| Q2 24 | $237.1M | $724.4M | ||
| Q1 24 | $230.9M | $709.1M |
| Q4 25 | $404.0M | $1.4B | ||
| Q3 25 | $414.2M | $1.4B | ||
| Q2 25 | $436.0M | $1.4B | ||
| Q1 25 | $439.8M | $1.4B | ||
| Q4 24 | $503.9M | $1.3B | ||
| Q3 24 | $505.3M | $1.2B | ||
| Q2 24 | $524.2M | $1.2B | ||
| Q1 24 | $555.7M | $1.1B |
| Q4 25 | — | 0.49× | ||
| Q3 25 | — | 0.41× | ||
| Q2 25 | — | 0.41× | ||
| Q1 25 | — | 0.43× | ||
| Q4 24 | — | 0.44× | ||
| Q3 24 | — | 0.44× | ||
| Q2 24 | — | 0.46× | ||
| Q1 24 | — | 0.47× |
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 | $25.3M |
| Free Cash FlowOCF − Capex | $-4.3M | $20.9M |
| FCF MarginFCF / Revenue | -4.2% | 16.0% |
| Capex IntensityCapex / Revenue | 1.1% | 3.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $18.1M | $75.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-3.2M | $25.3M | ||
| Q3 25 | $1.2M | $24.0M | ||
| Q2 25 | $-3.6M | $24.2M | ||
| Q1 25 | $26.7M | $19.7M | ||
| Q4 24 | $-1.8M | $26.0M | ||
| Q3 24 | $264.0K | $22.0M | ||
| Q2 24 | $-2.9M | $27.3M | ||
| Q1 24 | $611.0K | $4.2M |
| Q4 25 | $-4.3M | $20.9M | ||
| Q3 25 | $524.0K | $17.4M | ||
| Q2 25 | $-4.2M | $20.4M | ||
| Q1 25 | $26.1M | $16.4M | ||
| Q4 24 | $-2.5M | $18.8M | ||
| Q3 24 | $-223.0K | $18.2M | ||
| Q2 24 | $-3.7M | $24.0M | ||
| Q1 24 | $-815.0K | $746.0K |
| Q4 25 | -4.2% | 16.0% | ||
| Q3 25 | 0.6% | 13.2% | ||
| Q2 25 | -3.8% | 15.5% | ||
| Q1 25 | 29.0% | 13.9% | ||
| Q4 24 | -2.3% | 16.2% | ||
| Q3 24 | -0.2% | 15.7% | ||
| Q2 24 | -3.1% | 20.1% | ||
| Q1 24 | -0.8% | 0.7% |
| Q4 25 | 1.1% | 3.4% | ||
| Q3 25 | 0.7% | 5.0% | ||
| Q2 25 | 0.5% | 2.9% | ||
| Q1 25 | 0.7% | 2.8% | ||
| Q4 24 | 0.6% | 6.1% | ||
| Q3 24 | 0.5% | 3.2% | ||
| Q2 24 | 0.7% | 2.7% | ||
| Q1 24 | 1.4% | 3.0% |
| Q4 25 | — | — | ||
| Q3 25 | — | 17.36× | ||
| Q2 25 | -0.93× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | -4.24× | — | ||
| Q3 24 | — | 2.04× | ||
| Q2 24 | -0.46× | 2.89× | ||
| Q1 24 | — | 0.56× |
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% |
NABL
| Transferred Over Time | $121.9M | 94% |
| Transferred At Point In Time | $8.4M | 6% |
| Other Revenue | $1.3M | 1% |
