vs
Side-by-side financial comparison of FORRESTER RESEARCH, INC. (FORR) and Porch Group, Inc. (PRCH). Click either name above to swap in a different company.
Porch Group, Inc. is the larger business by last-quarter revenue ($121.1M vs $101.1M, roughly 1.2× FORRESTER RESEARCH, INC.). Porch Group, Inc. runs the higher net margin — -3.9% vs -33.5%, a 29.6% gap on every dollar of revenue. On growth, Porch Group, Inc. posted the faster year-over-year revenue change (100.0% vs -6.5%). Over the past eight quarters, Porch Group, Inc.'s revenue compounded faster (26.4% 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.
Porch is a website that tries to connect homeowners with local home improvement contractors. The site features advice articles, cost guide, and online booking for over 160 home projects.
FORR vs PRCH — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $101.1M | $121.1M |
| Net Profit | $-33.9M | $-4.7M |
| Gross Margin | 56.7% | 52.7% |
| Operating Margin | -36.6% | 34.7% |
| Net Margin | -33.5% | -3.9% |
| Revenue YoY | -6.5% | 100.0% |
| Net Profit YoY | -7941.4% | 2.0% |
| 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.
| Q1 26 | — | $121.1M | ||
| Q4 25 | $101.1M | $112.3M | ||
| Q3 25 | $94.3M | $115.1M | ||
| Q2 25 | $111.7M | $107.0M | ||
| Q1 25 | $89.9M | $84.5M | ||
| Q4 24 | $108.0M | $75.3M | ||
| Q3 24 | $102.5M | $77.7M | ||
| Q2 24 | $121.8M | $75.9M |
| Q1 26 | — | $-4.7M | ||
| Q4 25 | $-33.9M | $-3.5M | ||
| Q3 25 | $-2.1M | $-10.9M | ||
| Q2 25 | $3.9M | $2.6M | ||
| Q1 25 | $-87.3M | $8.4M | ||
| Q4 24 | $432.0K | $30.5M | ||
| Q3 24 | $-5.8M | $14.4M | ||
| Q2 24 | $6.3M | $-64.3M |
| Q1 26 | — | 52.7% | ||
| Q4 25 | 56.7% | 99.5% | ||
| Q3 25 | 60.0% | 75.6% | ||
| Q2 25 | 55.5% | 70.9% | ||
| Q1 25 | 55.9% | 77.4% | ||
| Q4 24 | 58.8% | — | ||
| Q3 24 | 60.5% | 79.4% | ||
| Q2 24 | 57.3% | 22.1% |
| Q1 26 | — | 34.7% | ||
| Q4 25 | -36.6% | 14.7% | ||
| Q3 25 | 4.7% | 14.2% | ||
| Q2 25 | 6.2% | 4.7% | ||
| Q1 25 | -97.5% | -1.5% | ||
| Q4 24 | -0.5% | 33.3% | ||
| Q3 24 | -0.7% | -3.2% | ||
| Q2 24 | 9.3% | -69.2% |
| Q1 26 | — | -3.9% | ||
| Q4 25 | -33.5% | -3.1% | ||
| Q3 25 | -2.3% | -9.4% | ||
| Q2 25 | 3.5% | 2.4% | ||
| Q1 25 | -97.1% | 9.9% | ||
| Q4 24 | 0.4% | 40.5% | ||
| Q3 24 | -5.7% | 18.5% | ||
| Q2 24 | 5.2% | -84.8% |
| Q1 26 | — | $-0.04 | ||
| Q4 25 | $-1.75 | $0.00 | ||
| Q3 25 | $-0.11 | $-0.10 | ||
| Q2 25 | $0.20 | $0.00 | ||
| Q1 25 | $-4.62 | $0.07 | ||
| Q4 24 | $0.02 | $0.34 | ||
| Q3 24 | $-0.30 | $0.12 | ||
| Q2 24 | $0.33 | $-0.65 |
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 | $68.4M |
| Total DebtLower is stronger | — | $391.3M |
| Stockholders' EquityBook value | $126.5M | $26.3M |
| Total Assets | $404.0M | $806.6M |
| Debt / EquityLower = less leverage | — | 14.87× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $68.4M | ||
| Q4 25 | $63.3M | $57.3M | ||
| Q3 25 | $65.1M | $85.0M | ||
| Q2 25 | $67.8M | $79.8M | ||
| Q1 25 | $75.6M | $70.4M | ||
| Q4 24 | $56.1M | $191.7M | ||
| Q3 24 | $62.8M | $238.6M | ||
| Q2 24 | $58.9M | $308.4M |
| Q1 26 | — | $391.3M | ||
| Q4 25 | — | $392.8M | ||
| Q3 25 | — | $387.1M | ||
| Q2 25 | — | $394.1M | ||
| Q1 25 | — | $409.2M | ||
| Q4 24 | — | $403.9M | ||
| Q3 24 | — | $399.0M | ||
| Q2 24 | — | $436.8M |
| Q1 26 | — | $26.3M | ||
| Q4 25 | $126.5M | $-24.6M | ||
| Q3 25 | $157.7M | $-27.9M | ||
| Q2 25 | $159.5M | $-29.3M | ||
| Q1 25 | $147.4M | $-52.4M | ||
| Q4 24 | $229.5M | $-43.2M | ||
| Q3 24 | $234.3M | $-77.0M | ||
| Q2 24 | $237.1M | $-101.9M |
| Q1 26 | — | $806.6M | ||
| Q4 25 | $404.0M | $797.4M | ||
| Q3 25 | $414.2M | $787.7M | ||
| Q2 25 | $436.0M | $770.7M | ||
| Q1 25 | $439.8M | $802.3M | ||
| Q4 24 | $503.9M | $814.0M | ||
| Q3 24 | $505.3M | $867.3M | ||
| Q2 24 | $524.2M | $876.1M |
| Q1 26 | — | 14.87× | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $1.2M | ||
| Q3 25 | $1.2M | $40.8M | ||
| Q2 25 | $-3.6M | $35.6M | ||
| Q1 25 | $26.7M | $-11.2M | ||
| Q4 24 | $-1.8M | $-26.6M | ||
| Q3 24 | $264.0K | $12.4M | ||
| Q2 24 | $-2.9M | $-26.0M |
| Q1 26 | — | — | ||
| Q4 25 | $-4.3M | $1.1M | ||
| Q3 25 | $524.0K | $40.7M | ||
| Q2 25 | $-4.2M | $35.4M | ||
| Q1 25 | $26.1M | $-11.2M | ||
| Q4 24 | $-2.5M | $-26.8M | ||
| Q3 24 | $-223.0K | $12.2M | ||
| Q2 24 | $-3.7M | $-26.0M |
| Q1 26 | — | — | ||
| Q4 25 | -4.2% | 1.0% | ||
| Q3 25 | 0.6% | 35.4% | ||
| Q2 25 | -3.8% | 33.0% | ||
| Q1 25 | 29.0% | -13.3% | ||
| Q4 24 | -2.3% | -35.6% | ||
| Q3 24 | -0.2% | 15.7% | ||
| Q2 24 | -3.1% | -34.3% |
| Q1 26 | — | — | ||
| Q4 25 | 1.1% | 0.1% | ||
| Q3 25 | 0.7% | 0.1% | ||
| Q2 25 | 0.5% | 0.2% | ||
| Q1 25 | 0.7% | 0.1% | ||
| Q4 24 | 0.6% | 0.3% | ||
| Q3 24 | 0.5% | 0.3% | ||
| Q2 24 | 0.7% | 0.1% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | -0.93× | 13.79× | ||
| Q1 25 | — | -1.33× | ||
| Q4 24 | -4.24× | -0.87× | ||
| Q3 24 | — | 0.86× | ||
| 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% |
PRCH
Segment breakdown not available.
