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Side-by-side financial comparison of FORRESTER RESEARCH, INC. (FORR) and NETSTREIT Corp. (NTST). Click either name above to swap in a different company.
FORRESTER RESEARCH, INC. is the larger business by last-quarter revenue ($101.1M vs $57.1M, roughly 1.8× NETSTREIT Corp.). NETSTREIT Corp. runs the higher net margin — 10.0% vs -33.5%, a 43.5% gap on every dollar of revenue. On growth, NETSTREIT Corp. posted the faster year-over-year revenue change (24.3% vs -6.5%). Over the past eight quarters, NETSTREIT Corp.'s revenue compounded faster (20.1% 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.
NETSTREIT Corp. is a US-headquartered real estate investment trust (REIT) that specializes in acquiring and operating a diversified portfolio of single-tenant net lease commercial properties. Its asset portfolio covers retail, industrial and office categories, primarily catering to investment-grade corporate tenants across the United States market.
FORR vs NTST — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $101.1M | $57.1M |
| Net Profit | $-33.9M | $5.7M |
| Gross Margin | 56.7% | — |
| Operating Margin | -36.6% | 34.1% |
| Net Margin | -33.5% | 10.0% |
| Revenue YoY | -6.5% | 24.3% |
| Net Profit YoY | -7941.4% | 235.9% |
| EPS (diluted) | $-1.75 | $0.32 |
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.
| Q1 26 | — | $57.1M | ||
| Q4 25 | $101.1M | $52.5M | ||
| Q3 25 | $94.3M | $48.3M | ||
| Q2 25 | $111.7M | $48.3M | ||
| Q1 25 | $89.9M | $45.9M | ||
| Q4 24 | $108.0M | $44.1M | ||
| Q3 24 | $102.5M | $41.4M | ||
| Q2 24 | $121.8M | $39.6M |
| Q1 26 | — | $5.7M | ||
| Q4 25 | $-33.9M | $1.3M | ||
| Q3 25 | $-2.1M | $618.0K | ||
| Q2 25 | $3.9M | $3.3M | ||
| Q1 25 | $-87.3M | $1.7M | ||
| Q4 24 | $432.0K | $-5.4M | ||
| Q3 24 | $-5.8M | $-5.3M | ||
| Q2 24 | $6.3M | $-2.3M |
| 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% | — |
| Q1 26 | — | 34.1% | ||
| Q4 25 | -36.6% | 2.6% | ||
| Q3 25 | 4.7% | 1.3% | ||
| Q2 25 | 6.2% | 6.8% | ||
| Q1 25 | -97.5% | 3.7% | ||
| Q4 24 | -0.5% | -12.3% | ||
| Q3 24 | -0.7% | -12.8% | ||
| Q2 24 | 9.3% | -5.8% |
| Q1 26 | — | 10.0% | ||
| Q4 25 | -33.5% | 2.5% | ||
| Q3 25 | -2.3% | 1.3% | ||
| Q2 25 | 3.5% | 6.8% | ||
| Q1 25 | -97.1% | 3.7% | ||
| Q4 24 | 0.4% | -12.3% | ||
| Q3 24 | -5.7% | -12.8% | ||
| Q2 24 | 5.2% | -5.8% |
| Q1 26 | — | $0.32 | ||
| Q4 25 | $-1.75 | $0.01 | ||
| Q3 25 | $-0.11 | $0.01 | ||
| Q2 25 | $0.20 | $0.04 | ||
| Q1 25 | $-4.62 | $0.02 | ||
| Q4 24 | $0.02 | $-0.07 | ||
| Q3 24 | $-0.30 | $-0.07 | ||
| Q2 24 | $0.33 | $-0.03 |
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 | $1.5B |
| Total Assets | $404.0M | $2.8B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | — | $1.1B | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | — | $926.6M | ||
| Q1 25 | — | $913.3M | ||
| Q4 24 | — | $868.3M | ||
| Q3 24 | — | $778.7M | ||
| Q2 24 | — | $726.2M |
| Q1 26 | — | $1.5B | ||
| Q4 25 | $126.5M | $1.4B | ||
| Q3 25 | $157.7M | $1.3B | ||
| Q2 25 | $159.5M | $1.3B | ||
| Q1 25 | $147.4M | $1.3B | ||
| Q4 24 | $229.5M | $1.3B | ||
| Q3 24 | $234.3M | $1.3B | ||
| Q2 24 | $237.1M | $1.3B |
| Q1 26 | — | $2.8B | ||
| Q4 25 | $404.0M | $2.6B | ||
| Q3 25 | $414.2M | $2.5B | ||
| Q2 25 | $436.0M | $2.3B | ||
| Q1 25 | $439.8M | $2.3B | ||
| Q4 24 | $503.9M | $2.3B | ||
| Q3 24 | $505.3M | $2.2B | ||
| Q2 24 | $524.2M | $2.1B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.76× | ||
| Q3 25 | — | 0.84× | ||
| Q2 25 | — | 0.70× | ||
| Q1 25 | — | 0.70× | ||
| Q4 24 | — | 0.65× | ||
| Q3 24 | — | 0.58× | ||
| Q2 24 | — | 0.55× |
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 | — |
| 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.
| Q1 26 | — | — | ||
| Q4 25 | $-3.2M | $109.5M | ||
| Q3 25 | $1.2M | $28.0M | ||
| Q2 25 | $-3.6M | $30.6M | ||
| Q1 25 | $26.7M | $22.1M | ||
| Q4 24 | $-1.8M | $90.2M | ||
| Q3 24 | $264.0K | $25.1M | ||
| Q2 24 | $-2.9M | $25.4M |
| Q1 26 | — | — | ||
| Q4 25 | $-4.3M | — | ||
| Q3 25 | $524.0K | — | ||
| Q2 25 | $-4.2M | — | ||
| Q1 25 | $26.1M | — | ||
| Q4 24 | $-2.5M | — | ||
| Q3 24 | $-223.0K | — | ||
| Q2 24 | $-3.7M | — |
| Q1 26 | — | — | ||
| Q4 25 | -4.2% | — | ||
| Q3 25 | 0.6% | — | ||
| Q2 25 | -3.8% | — | ||
| Q1 25 | 29.0% | — | ||
| Q4 24 | -2.3% | — | ||
| Q3 24 | -0.2% | — | ||
| Q2 24 | -3.1% | — |
| Q1 26 | — | — | ||
| Q4 25 | 1.1% | — | ||
| Q3 25 | 0.7% | — | ||
| Q2 25 | 0.5% | — | ||
| Q1 25 | 0.7% | — | ||
| Q4 24 | 0.6% | — | ||
| Q3 24 | 0.5% | — | ||
| Q2 24 | 0.7% | — |
| Q1 26 | — | — | ||
| Q4 25 | — | 82.46× | ||
| Q3 25 | — | 45.27× | ||
| Q2 25 | -0.93× | 9.36× | ||
| Q1 25 | — | 13.06× | ||
| Q4 24 | -4.24× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | -0.46× | — |
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% |
NTST
| Rental revenue (including reimbursable) | $54.0M | 95% |
| Other | $3.0M | 5% |
