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Side-by-side financial comparison of FORRESTER RESEARCH, INC. (FORR) and RE/MAX Holdings, Inc. (RMAX). Click either name above to swap in a different company.
FORRESTER RESEARCH, INC. is the larger business by last-quarter revenue ($101.1M vs $71.1M, roughly 1.4× RE/MAX Holdings, Inc.). RE/MAX Holdings, Inc. runs the higher net margin — 2.0% vs -33.5%, a 35.5% gap on every dollar of revenue. On growth, RE/MAX Holdings, Inc. posted the faster year-over-year revenue change (-1.8% vs -6.5%). RE/MAX Holdings, Inc. produced more free cash flow last quarter ($33.5M vs $-4.3M). Over the past eight quarters, FORRESTER RESEARCH, INC.'s revenue compounded faster (0.5% CAGR vs -4.7%).
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.
RE/MAX is an international real estate franchise operating in over 100 countries and territories that, in 2015, had over 100,000 agents in 6,800 offices.
FORR vs RMAX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $101.1M | $71.1M |
| Net Profit | $-33.9M | $1.4M |
| Gross Margin | 56.7% | — |
| Operating Margin | -36.6% | 13.1% |
| Net Margin | -33.5% | 2.0% |
| Revenue YoY | -6.5% | -1.8% |
| Net Profit YoY | -7941.4% | -75.2% |
| EPS (diluted) | $-1.75 | — |
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 | $71.1M | ||
| Q3 25 | $94.3M | $73.2M | ||
| Q2 25 | $111.7M | $72.8M | ||
| Q1 25 | $89.9M | $74.5M | ||
| Q4 24 | $108.0M | $72.5M | ||
| Q3 24 | $102.5M | $78.5M | ||
| Q2 24 | $121.8M | $78.5M | ||
| Q1 24 | $100.1M | $78.3M |
| Q4 25 | $-33.9M | $1.4M | ||
| Q3 25 | $-2.1M | $4.0M | ||
| Q2 25 | $3.9M | $4.7M | ||
| Q1 25 | $-87.3M | $-2.0M | ||
| Q4 24 | $432.0K | $5.8M | ||
| Q3 24 | $-5.8M | $966.0K | ||
| Q2 24 | $6.3M | $3.7M | ||
| Q1 24 | $-6.7M | $-3.4M |
| 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% | 13.1% | ||
| Q3 25 | 4.7% | 25.0% | ||
| Q2 25 | 6.2% | 19.3% | ||
| Q1 25 | -97.5% | 7.2% | ||
| Q4 24 | -0.5% | 5.9% | ||
| Q3 24 | -0.7% | 19.4% | ||
| Q2 24 | 9.3% | 20.6% | ||
| Q1 24 | -9.3% | 5.8% |
| Q4 25 | -33.5% | 2.0% | ||
| Q3 25 | -2.3% | 5.4% | ||
| Q2 25 | 3.5% | 6.4% | ||
| Q1 25 | -97.1% | -2.6% | ||
| Q4 24 | 0.4% | 8.0% | ||
| Q3 24 | -5.7% | 1.2% | ||
| Q2 24 | 5.2% | 4.7% | ||
| Q1 24 | -6.7% | -4.3% |
| Q4 25 | $-1.75 | — | ||
| Q3 25 | $-0.11 | — | ||
| Q2 25 | $0.20 | — | ||
| Q1 25 | $-4.62 | — | ||
| Q4 24 | $0.02 | — | ||
| Q3 24 | $-0.30 | — | ||
| Q2 24 | $0.33 | — | ||
| Q1 24 | $-0.35 | — |
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 | $118.7M |
| Total DebtLower is stronger | — | $432.2M |
| Stockholders' EquityBook value | $126.5M | $452.4M |
| Total Assets | $404.0M | $582.5M |
| Debt / EquityLower = less leverage | — | 0.96× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $63.3M | $118.7M | ||
| Q3 25 | $65.1M | $107.5M | ||
| Q2 25 | $67.8M | $94.3M | ||
| Q1 25 | $75.6M | $89.1M | ||
| Q4 24 | $56.1M | $96.6M | ||
| Q3 24 | $62.8M | $83.8M | ||
| Q2 24 | $58.9M | $66.1M | ||
| Q1 24 | $61.4M | $82.1M |
| Q4 25 | — | $432.2M | ||
| Q3 25 | — | $433.3M | ||
| Q2 25 | — | $434.4M | ||
| Q1 25 | — | $435.3M | ||
| Q4 24 | — | $436.2M | ||
| Q3 24 | — | $437.2M | ||
| Q2 24 | — | $438.1M | ||
| Q1 24 | — | $439.0M |
| Q4 25 | $126.5M | $452.4M | ||
| Q3 25 | $157.7M | $448.1M | ||
| Q2 25 | $159.5M | $442.4M | ||
| Q1 25 | $147.4M | $433.5M | ||
| Q4 24 | $229.5M | $429.5M | ||
| Q3 24 | $234.3M | $423.1M | ||
| Q2 24 | $237.1M | $418.4M | ||
| Q1 24 | $230.9M | $412.0M |
| Q4 25 | $404.0M | $582.5M | ||
| Q3 25 | $414.2M | $582.2M | ||
| Q2 25 | $436.0M | $574.8M | ||
| Q1 25 | $439.8M | $571.4M | ||
| Q4 24 | $503.9M | $581.6M | ||
| Q3 24 | $505.3M | $578.6M | ||
| Q2 24 | $524.2M | $571.4M | ||
| Q1 24 | $555.7M | $566.7M |
| Q4 25 | — | 0.96× | ||
| Q3 25 | — | 0.97× | ||
| Q2 25 | — | 0.98× | ||
| Q1 25 | — | 1.00× | ||
| Q4 24 | — | 1.02× | ||
| Q3 24 | — | 1.03× | ||
| Q2 24 | — | 1.05× | ||
| Q1 24 | — | 1.07× |
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 | $40.9M |
| Free Cash FlowOCF − Capex | $-4.3M | $33.5M |
| FCF MarginFCF / Revenue | -4.2% | 47.1% |
| Capex IntensityCapex / Revenue | 1.1% | 10.4% |
| Cash ConversionOCF / Net Profit | — | 28.39× |
| TTM Free Cash FlowTrailing 4 quarters | $18.1M | $56.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-3.2M | $40.9M | ||
| Q3 25 | $1.2M | $17.7M | ||
| Q2 25 | $-3.6M | $4.6M | ||
| Q1 25 | $26.7M | $5.7M | ||
| Q4 24 | $-1.8M | $59.7M | ||
| Q3 24 | $264.0K | $17.6M | ||
| Q2 24 | $-2.9M | $15.9M | ||
| Q1 24 | $611.0K | $9.4M |
| Q4 25 | $-4.3M | $33.5M | ||
| Q3 25 | $524.0K | $16.4M | ||
| Q2 25 | $-4.2M | $2.9M | ||
| Q1 25 | $26.1M | $4.0M | ||
| Q4 24 | $-2.5M | $53.0M | ||
| Q3 24 | $-223.0K | $16.3M | ||
| Q2 24 | $-3.7M | $14.0M | ||
| Q1 24 | $-815.0K | $6.8M |
| Q4 25 | -4.2% | 47.1% | ||
| Q3 25 | 0.6% | 22.4% | ||
| Q2 25 | -3.8% | 4.0% | ||
| Q1 25 | 29.0% | 5.3% | ||
| Q4 24 | -2.3% | 73.2% | ||
| Q3 24 | -0.2% | 20.8% | ||
| Q2 24 | -3.1% | 17.8% | ||
| Q1 24 | -0.8% | 8.6% |
| Q4 25 | 1.1% | 10.4% | ||
| Q3 25 | 0.7% | 1.8% | ||
| Q2 25 | 0.5% | 2.2% | ||
| Q1 25 | 0.7% | 2.3% | ||
| Q4 24 | 0.6% | 9.1% | ||
| Q3 24 | 0.5% | 1.7% | ||
| Q2 24 | 0.7% | 2.4% | ||
| Q1 24 | 1.4% | 3.3% |
| Q4 25 | — | 28.39× | ||
| Q3 25 | — | 4.45× | ||
| Q2 25 | -0.93× | 0.97× | ||
| Q1 25 | — | — | ||
| Q4 24 | -4.24× | 10.28× | ||
| Q3 24 | — | 18.22× | ||
| Q2 24 | -0.46× | 4.29× | ||
| 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% |
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
