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Side-by-side financial comparison of FORRESTER RESEARCH, INC. (FORR) and VICOR CORP (VICR). Click either name above to swap in a different company.
VICOR CORP is the larger business by last-quarter revenue ($113.0M vs $101.1M, roughly 1.1× FORRESTER RESEARCH, INC.). VICOR CORP runs the higher net margin — 18.3% vs -33.5%, a 51.8% gap on every dollar of revenue. On growth, VICOR CORP posted the faster year-over-year revenue change (20.2% vs -6.5%). Over the past eight quarters, VICOR CORP's revenue compounded faster (14.7% 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.
Vicor Corporation is a manufacturer of power modules headquartered in Andover, Massachusetts.
FORR vs VICR — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $101.1M | $113.0M |
| Net Profit | $-33.9M | $20.7M |
| Gross Margin | 56.7% | — |
| Operating Margin | -36.6% | — |
| Net Margin | -33.5% | 18.3% |
| Revenue YoY | -6.5% | 20.2% |
| Net Profit YoY | -7941.4% | 713.9% |
| EPS (diluted) | $-1.75 | $0.44 |
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 | — | $113.0M | ||
| Q4 25 | $101.1M | $107.3M | ||
| Q3 25 | $94.3M | $110.4M | ||
| Q2 25 | $111.7M | $96.0M | ||
| Q1 25 | $89.9M | $94.0M | ||
| Q4 24 | $108.0M | $96.2M | ||
| Q3 24 | $102.5M | $93.2M | ||
| Q2 24 | $121.8M | $85.9M |
| Q1 26 | — | $20.7M | ||
| Q4 25 | $-33.9M | $46.5M | ||
| Q3 25 | $-2.1M | $28.3M | ||
| Q2 25 | $3.9M | $41.2M | ||
| Q1 25 | $-87.3M | $2.5M | ||
| Q4 24 | $432.0K | $10.2M | ||
| Q3 24 | $-5.8M | $11.6M | ||
| Q2 24 | $6.3M | $-1.2M |
| Q1 26 | — | — | ||
| Q4 25 | 56.7% | 55.4% | ||
| Q3 25 | 60.0% | 57.5% | ||
| Q2 25 | 55.5% | 95.9% | ||
| Q1 25 | 55.9% | 47.2% | ||
| Q4 24 | 58.8% | 52.4% | ||
| Q3 24 | 60.5% | 49.1% | ||
| Q2 24 | 57.3% | 49.8% |
| Q1 26 | — | — | ||
| Q4 25 | -36.6% | 14.6% | ||
| Q3 25 | 4.7% | 18.9% | ||
| Q2 25 | 6.2% | 47.3% | ||
| Q1 25 | -97.5% | -0.2% | ||
| Q4 24 | -0.5% | 9.6% | ||
| Q3 24 | -0.7% | 5.8% | ||
| Q2 24 | 9.3% | 0.2% |
| Q1 26 | — | 18.3% | ||
| Q4 25 | -33.5% | 43.4% | ||
| Q3 25 | -2.3% | 25.6% | ||
| Q2 25 | 3.5% | 42.9% | ||
| Q1 25 | -97.1% | 2.7% | ||
| Q4 24 | 0.4% | 10.7% | ||
| Q3 24 | -5.7% | 12.4% | ||
| Q2 24 | 5.2% | -1.4% |
| Q1 26 | — | $0.44 | ||
| Q4 25 | $-1.75 | $1.01 | ||
| Q3 25 | $-0.11 | $0.63 | ||
| Q2 25 | $0.20 | $0.91 | ||
| Q1 25 | $-4.62 | $0.06 | ||
| Q4 24 | $0.02 | $0.24 | ||
| Q3 24 | $-0.30 | $0.26 | ||
| 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 | $404.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $126.5M | $754.1M |
| Total Assets | $404.0M | $804.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $404.2M | ||
| Q4 25 | $63.3M | $402.8M | ||
| Q3 25 | $65.1M | $362.4M | ||
| Q2 25 | $67.8M | $338.5M | ||
| Q1 25 | $75.6M | $296.1M | ||
| Q4 24 | $56.1M | $277.3M | ||
| Q3 24 | $62.8M | $267.6M | ||
| Q2 24 | $58.9M | $251.9M |
| Q1 26 | — | $754.1M | ||
| Q4 25 | $126.5M | $711.6M | ||
| Q3 25 | $157.7M | $630.1M | ||
| Q2 25 | $159.5M | $608.6M | ||
| Q1 25 | $147.4M | $580.3M | ||
| Q4 24 | $229.5M | $570.1M | ||
| Q3 24 | $234.3M | $554.6M | ||
| Q2 24 | $237.1M | $537.2M |
| Q1 26 | — | $804.9M | ||
| Q4 25 | $404.0M | $785.8M | ||
| Q3 25 | $414.2M | $710.2M | ||
| Q2 25 | $436.0M | $693.5M | ||
| Q1 25 | $439.8M | $665.0M | ||
| Q4 24 | $503.9M | $641.1M | ||
| Q3 24 | $505.3M | $632.8M | ||
| Q2 24 | $524.2M | $613.2M |
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 | $15.7M | ||
| Q3 25 | $1.2M | $38.5M | ||
| Q2 25 | $-3.6M | $65.2M | ||
| Q1 25 | $26.7M | $20.1M | ||
| Q4 24 | $-1.8M | $10.1M | ||
| Q3 24 | $264.0K | $22.6M | ||
| Q2 24 | $-2.9M | $15.6M |
| Q1 26 | — | — | ||
| Q4 25 | $-4.3M | $10.2M | ||
| Q3 25 | $524.0K | $34.5M | ||
| Q2 25 | $-4.2M | $59.0M | ||
| Q1 25 | $26.1M | $15.6M | ||
| Q4 24 | $-2.5M | $8.4M | ||
| Q3 24 | $-223.0K | $14.1M | ||
| Q2 24 | $-3.7M | $9.4M |
| Q1 26 | — | — | ||
| Q4 25 | -4.2% | 9.5% | ||
| Q3 25 | 0.6% | 31.2% | ||
| Q2 25 | -3.8% | 61.5% | ||
| Q1 25 | 29.0% | 16.6% | ||
| Q4 24 | -2.3% | 8.7% | ||
| Q3 24 | -0.2% | 15.2% | ||
| Q2 24 | -3.1% | 11.0% |
| Q1 26 | — | — | ||
| Q4 25 | 1.1% | 5.2% | ||
| Q3 25 | 0.7% | 3.6% | ||
| Q2 25 | 0.5% | 6.5% | ||
| Q1 25 | 0.7% | 4.8% | ||
| Q4 24 | 0.6% | 1.8% | ||
| Q3 24 | 0.5% | 9.1% | ||
| Q2 24 | 0.7% | 7.2% |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.34× | ||
| Q3 25 | — | 1.36× | ||
| Q2 25 | -0.93× | 1.58× | ||
| Q1 25 | — | 7.93× | ||
| Q4 24 | -4.24× | 0.99× | ||
| Q3 24 | — | 1.95× | ||
| 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% |
VICR
| Product revenue | $98.0M | 87% |
| Royalty revenue | $15.0M | 13% |
