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Side-by-side financial comparison of FORRESTER RESEARCH, INC. (FORR) and Riley Exploration Permian, Inc. (REPX). Click either name above to swap in a different company.

FORRESTER RESEARCH, INC. is the larger business by last-quarter revenue ($101.1M vs $97.3M, roughly 1.0× Riley Exploration Permian, Inc.). On growth, Riley Exploration Permian, Inc. posted the faster year-over-year revenue change (-5.3% vs -6.5%). Over the past eight quarters, FORRESTER RESEARCH, INC.'s revenue compounded faster (0.5% CAGR vs -1.2%).

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.

Riley Exploration Permian, Inc. is an independent energy company focused on exploration, development, and production of crude oil, natural gas, and natural gas liquids primarily in the US Permian Basin spanning Texas and New Mexico. It prioritizes cost-efficient onshore reserve development to supply reliable energy products to North American markets.

FORR vs REPX — Head-to-Head

Bigger by revenue
FORR
FORR
1.0× larger
FORR
$101.1M
$97.3M
REPX
Growing faster (revenue YoY)
REPX
REPX
+1.2% gap
REPX
-5.3%
-6.5%
FORR
Faster 2-yr revenue CAGR
FORR
FORR
Annualised
FORR
0.5%
-1.2%
REPX

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FORR
FORR
REPX
REPX
Revenue
$101.1M
$97.3M
Net Profit
$-33.9M
Gross Margin
56.7%
Operating Margin
-36.6%
26.9%
Net Margin
-33.5%
Revenue YoY
-6.5%
-5.3%
Net Profit YoY
-7941.4%
EPS (diluted)
$-1.75
$4.02

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.

Revenue
FORR
FORR
REPX
REPX
Q4 25
$101.1M
$97.3M
Q3 25
$94.3M
$106.9M
Q2 25
$111.7M
$85.4M
Q1 25
$89.9M
$102.5M
Q4 24
$108.0M
$102.7M
Q3 24
$102.5M
$102.3M
Q2 24
$121.8M
$105.4M
Q1 24
$100.1M
$99.7M
Net Profit
FORR
FORR
REPX
REPX
Q4 25
$-33.9M
Q3 25
$-2.1M
$16.3M
Q2 25
$3.9M
$30.5M
Q1 25
$-87.3M
$28.6M
Q4 24
$432.0K
Q3 24
$-5.8M
$25.7M
Q2 24
$6.3M
$33.5M
Q1 24
$-6.7M
$18.8M
Gross Margin
FORR
FORR
REPX
REPX
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%
Operating Margin
FORR
FORR
REPX
REPX
Q4 25
-36.6%
26.9%
Q3 25
4.7%
27.0%
Q2 25
6.2%
33.7%
Q1 25
-97.5%
48.3%
Q4 24
-0.5%
31.2%
Q3 24
-0.7%
17.1%
Q2 24
9.3%
50.9%
Q1 24
-9.3%
50.7%
Net Margin
FORR
FORR
REPX
REPX
Q4 25
-33.5%
Q3 25
-2.3%
15.3%
Q2 25
3.5%
35.7%
Q1 25
-97.1%
27.9%
Q4 24
0.4%
Q3 24
-5.7%
25.1%
Q2 24
5.2%
31.8%
Q1 24
-6.7%
18.8%
EPS (diluted)
FORR
FORR
REPX
REPX
Q4 25
$-1.75
$4.02
Q3 25
$-0.11
$0.77
Q2 25
$0.20
$1.44
Q1 25
$-4.62
$1.36
Q4 24
$0.02
$0.52
Q3 24
$-0.30
$1.21
Q2 24
$0.33
$1.59
Q1 24
$-0.35
$0.94

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
FORR
FORR
REPX
REPX
Cash + ST InvestmentsLiquidity on hand
$63.3M
Total DebtLower is stronger
$247.9M
Stockholders' EquityBook value
$126.5M
$634.2M
Total Assets
$404.0M
$1.2B
Debt / EquityLower = less leverage
0.39×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FORR
FORR
REPX
REPX
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
Total Debt
FORR
FORR
REPX
REPX
Q4 25
$247.9M
Q3 25
$367.0M
Q2 25
$275.2M
Q1 25
$249.3M
Q4 24
$269.5M
Q3 24
$288.6M
Q2 24
$322.7M
Q1 24
$341.8M
Stockholders' Equity
FORR
FORR
REPX
REPX
Q4 25
$126.5M
$634.2M
Q3 25
$157.7M
$566.5M
Q2 25
$159.5M
$556.9M
Q1 25
$147.4M
$532.4M
Q4 24
$229.5M
$510.6M
Q3 24
$234.3M
$507.4M
Q2 24
$237.1M
$489.0M
Q1 24
$230.9M
$434.6M
Total Assets
FORR
FORR
REPX
REPX
Q4 25
$404.0M
$1.2B
Q3 25
$414.2M
$1.2B
Q2 25
$436.0M
$1.0B
Q1 25
$439.8M
$994.9M
Q4 24
$503.9M
$993.5M
Q3 24
$505.3M
$997.9M
Q2 24
$524.2M
$1.0B
Q1 24
$555.7M
$956.4M
Debt / Equity
FORR
FORR
REPX
REPX
Q4 25
0.39×
Q3 25
0.65×
Q2 25
0.49×
Q1 25
0.47×
Q4 24
0.53×
Q3 24
0.57×
Q2 24
0.66×
Q1 24
0.79×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
FORR
FORR
REPX
REPX
Operating Cash FlowLast quarter
$-3.2M
$64.9M
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.

Operating Cash Flow
FORR
FORR
REPX
REPX
Q4 25
$-3.2M
$64.9M
Q3 25
$1.2M
$63.6M
Q2 25
$-3.6M
$33.6M
Q1 25
$26.7M
$50.4M
Q4 24
$-1.8M
$66.4M
Q3 24
$264.0K
$72.1M
Q2 24
$-2.9M
$51.6M
Q1 24
$611.0K
$56.1M
Free Cash Flow
FORR
FORR
REPX
REPX
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 24
$-815.0K
FCF Margin
FORR
FORR
REPX
REPX
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 24
-0.8%
Capex Intensity
FORR
FORR
REPX
REPX
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 24
1.4%
Cash Conversion
FORR
FORR
REPX
REPX
Q4 25
Q3 25
3.90×
Q2 25
-0.93×
1.10×
Q1 25
1.76×
Q4 24
-4.24×
Q3 24
2.81×
Q2 24
-0.46×
1.54×
Q1 24
2.99×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

FORR
FORR

Research Segment$82.2M81%
Consulting Segment$16.2M16%
Billable Expenses$1.5M2%
Professional Services$1.4M1%

REPX
REPX

Segment breakdown not available.

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