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Side-by-side financial comparison of FORRESTER RESEARCH, INC. (FORR) and REGIS CORP (RGS). 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× REGIS CORP). REGIS CORP runs the higher net margin — 0.8% vs -33.5%, a 34.3% gap on every dollar of revenue. On growth, REGIS CORP posted the faster year-over-year revenue change (22.3% vs -6.5%). REGIS CORP produced more free cash flow last quarter ($891.0K vs $-4.3M). Over the past eight quarters, REGIS CORP's revenue compounded faster (7.8% 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.
REGIS CORPRGSEarnings & Financial Report
Regis Corporation is an American operator of hair salons. As of August 2021, it has 5,563 franchised and 276 company-owned salons. Its headquarters are in Minneapolis, Minnesota.
FORR vs RGS — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $101.1M | $57.1M |
| Net Profit | $-33.9M | $456.0K |
| Gross Margin | 56.7% | — |
| Operating Margin | -36.6% | 10.8% |
| Net Margin | -33.5% | 0.8% |
| Revenue YoY | -6.5% | 22.3% |
| Net Profit YoY | -7941.4% | -94.0% |
| EPS (diluted) | $-1.75 | $0.16 |
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 | $57.1M | ||
| Q3 25 | $94.3M | $59.0M | ||
| Q2 25 | $111.7M | $60.4M | ||
| Q1 25 | $89.9M | $57.0M | ||
| Q4 24 | $108.0M | $46.7M | ||
| Q3 24 | $102.5M | $46.1M | ||
| Q2 24 | $121.8M | $49.4M | ||
| Q1 24 | $100.1M | $49.2M |
| Q4 25 | $-33.9M | $456.0K | ||
| Q3 25 | $-2.1M | $1.4M | ||
| Q2 25 | $3.9M | $116.5M | ||
| Q1 25 | $-87.3M | $250.0K | ||
| Q4 24 | $432.0K | $7.6M | ||
| Q3 24 | $-5.8M | $-853.0K | ||
| Q2 24 | $6.3M | $91.2M | ||
| Q1 24 | $-6.7M | $-2.3M |
| 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% | 10.8% | ||
| Q3 25 | 4.7% | 10.0% | ||
| Q2 25 | 6.2% | 12.1% | ||
| Q1 25 | -97.5% | 8.8% | ||
| Q4 24 | -0.5% | 11.8% | ||
| Q3 24 | -0.7% | 4.6% | ||
| Q2 24 | 9.3% | — | ||
| Q1 24 | -9.3% | 8.3% |
| Q4 25 | -33.5% | 0.8% | ||
| Q3 25 | -2.3% | 2.3% | ||
| Q2 25 | 3.5% | 192.9% | ||
| Q1 25 | -97.1% | 0.4% | ||
| Q4 24 | 0.4% | 16.4% | ||
| Q3 24 | -5.7% | -1.9% | ||
| Q2 24 | 5.2% | 184.7% | ||
| Q1 24 | -6.7% | -4.7% |
| Q4 25 | $-1.75 | $0.16 | ||
| Q3 25 | $-0.11 | $0.49 | ||
| Q2 25 | $0.20 | $43.67 | ||
| Q1 25 | $-4.62 | $0.08 | ||
| Q4 24 | $0.02 | $2.71 | ||
| Q3 24 | $-0.30 | $-0.36 | ||
| Q2 24 | $0.33 | $38.40 | ||
| Q1 24 | $-0.35 | $-1.00 |
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 | $18.4M |
| Total DebtLower is stronger | — | $113.3M |
| Stockholders' EquityBook value | $126.5M | $188.7M |
| Total Assets | $404.0M | $588.3M |
| Debt / EquityLower = less leverage | — | 0.60× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $63.3M | $18.4M | ||
| Q3 25 | $65.1M | $16.6M | ||
| Q2 25 | $67.8M | $17.0M | ||
| Q1 25 | $75.6M | $13.3M | ||
| Q4 24 | $56.1M | $10.2M | ||
| Q3 24 | $62.8M | $6.3M | ||
| Q2 24 | $58.9M | $10.1M | ||
| Q1 24 | $61.4M | $5.9M |
| Q4 25 | — | $113.3M | ||
| Q3 25 | — | $111.3M | ||
| Q2 25 | — | $110.8M | ||
| Q1 25 | — | $112.0M | ||
| Q4 24 | — | $111.5M | ||
| Q3 24 | — | $95.2M | ||
| Q2 24 | — | $99.5M | ||
| Q1 24 | — | $179.7M |
| Q4 25 | $126.5M | $188.7M | ||
| Q3 25 | $157.7M | $187.6M | ||
| Q2 25 | $159.5M | $185.6M | ||
| Q1 25 | $147.4M | $68.6M | ||
| Q4 24 | $229.5M | $66.7M | ||
| Q3 24 | $234.3M | $56.4M | ||
| Q2 24 | $237.1M | $56.8M | ||
| Q1 24 | $230.9M | $-35.8M |
| Q4 25 | $404.0M | $588.3M | ||
| Q3 25 | $414.2M | $592.1M | ||
| Q2 25 | $436.0M | $599.0M | ||
| Q1 25 | $439.8M | $511.2M | ||
| Q4 24 | $503.9M | $530.1M | ||
| Q3 24 | $505.3M | $508.9M | ||
| Q2 24 | $524.2M | $530.5M | ||
| Q1 24 | $555.7M | $543.7M |
| Q4 25 | — | 0.60× | ||
| Q3 25 | — | 0.59× | ||
| Q2 25 | — | 0.60× | ||
| Q1 25 | — | 1.63× | ||
| Q4 24 | — | 1.67× | ||
| Q3 24 | — | 1.69× | ||
| Q2 24 | — | 1.75× | ||
| Q1 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 | $1.7M |
| Free Cash FlowOCF − Capex | $-4.3M | $891.0K |
| FCF MarginFCF / Revenue | -4.2% | 1.6% |
| Capex IntensityCapex / Revenue | 1.1% | 1.4% |
| Cash ConversionOCF / Net Profit | — | 3.65× |
| TTM Free Cash FlowTrailing 4 quarters | $18.1M | $14.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-3.2M | $1.7M | ||
| Q3 25 | $1.2M | $2.3M | ||
| Q2 25 | $-3.6M | $6.8M | ||
| Q1 25 | $26.7M | $6.2M | ||
| Q4 24 | $-1.8M | $2.1M | ||
| Q3 24 | $264.0K | $-1.3M | ||
| Q2 24 | $-2.9M | $5.1M | ||
| Q1 24 | $611.0K | $-277.0K |
| Q4 25 | $-4.3M | $891.0K | ||
| Q3 25 | $524.0K | $1.9M | ||
| Q2 25 | $-4.2M | $6.2M | ||
| Q1 25 | $26.1M | $5.9M | ||
| Q4 24 | $-2.5M | $1.7M | ||
| Q3 24 | $-223.0K | $-1.4M | ||
| Q2 24 | $-3.7M | $5.1M | ||
| Q1 24 | $-815.0K | $-326.0K |
| Q4 25 | -4.2% | 1.6% | ||
| Q3 25 | 0.6% | 3.2% | ||
| Q2 25 | -3.8% | 10.3% | ||
| Q1 25 | 29.0% | 10.3% | ||
| Q4 24 | -2.3% | 3.6% | ||
| Q3 24 | -0.2% | -3.0% | ||
| Q2 24 | -3.1% | 10.3% | ||
| Q1 24 | -0.8% | -0.7% |
| Q4 25 | 1.1% | 1.4% | ||
| Q3 25 | 0.7% | 0.7% | ||
| Q2 25 | 0.5% | 0.9% | ||
| Q1 25 | 0.7% | 0.6% | ||
| Q4 24 | 0.6% | 0.9% | ||
| Q3 24 | 0.5% | 0.0% | ||
| Q2 24 | 0.7% | 0.0% | ||
| Q1 24 | 1.4% | 0.1% |
| Q4 25 | — | 3.65× | ||
| Q3 25 | — | 1.68× | ||
| Q2 25 | -0.93× | 0.06× | ||
| Q1 25 | — | 24.80× | ||
| Q4 24 | -4.24× | 0.28× | ||
| Q3 24 | — | — | ||
| Q2 24 | -0.46× | 0.06× | ||
| Q1 24 | — | — |
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% |
RGS
| Franchise Segment | $37.9M | 66% |
| Royalty | $13.6M | 24% |
| Other | $2.8M | 5% |
| Fees | $1.8M | 3% |
| Franchise Fees | $1.0M | 2% |
