vs
西铁城（CIA）与弗雷斯特研究公司（FORR）财务数据对比。点击上方公司名可切换其他公司
弗雷斯特研究公司的季度营收约是西铁城的1.4倍（$101.1M vs $72.1M），西铁城净利率更高（10.2% vs -33.5%，领先43.7%），西铁城同比增速更快（13.5% vs -6.5%），西铁城自由现金流更多（$17.5M vs $-4.3M），过去两年西铁城的营收复合增速更高（11.7% vs 0.5%）
西铁城钟表株式会社，又称西铁城集团，是总部位于日本东京西东京市的知名跨国电子企业，核心业务为腕表制造，是西铁城集团的核心企业。除西铁城品牌腕表外，集团还拥有美国钟表公司宝路华，业务同时涵盖计算器、打印机、医疗设备与精密CNC加工设备制造。
福雷斯特研究公司是一家全球领先的研究咨询机构，主营业务涵盖行业研究、管理咨询与行业峰会举办，客户群体包括全球大型企业、科技公司与消费领域领军企业，公司总部位于美国马萨诸塞州剑桥市。
CIA vs FORR — 直观对比
营收规模更大
FORR
是对方的1.4倍
$72.1M
营收增速更快
CIA
高出20.0%
-6.5%
净利率更高
CIA
高出43.7%
-33.5%
自由现金流更多
CIA
多$21.8M
$-4.3M
两年增速更快
CIA
近两年复合增速
0.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $72.1M | $101.1M |
| 净利润 | $7.3M | $-33.9M |
| 毛利率 | — | 56.7% |
| 营业利润率 | 10.9% | -36.6% |
| 净利率 | 10.2% | -33.5% |
| 营收同比 | 13.5% | -6.5% |
| 净利润同比 | 102.7% | -7941.4% |
| 每股收益（稀释后） | — | $-1.75 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收CIAFORR
| Q4 25 | $72.1M | $101.1M | ||
| Q3 25 | $62.8M | $94.3M | ||
| Q2 25 | $65.1M | $111.7M | ||
| Q1 25 | $55.7M | $89.9M | ||
| Q4 24 | $63.5M | $108.0M | ||
| Q3 24 | $61.7M | $102.5M | ||
| Q2 24 | $62.1M | $121.8M | ||
| Q1 24 | $57.7M | $100.1M |
净利润CIAFORR
| Q4 25 | $7.3M | $-33.9M | ||
| Q3 25 | $2.4M | $-2.1M | ||
| Q2 25 | $6.5M | $3.9M | ||
| Q1 25 | $-1.6M | $-87.3M | ||
| Q4 24 | $3.6M | $432.0K | ||
| Q3 24 | $2.8M | $-5.8M | ||
| Q2 24 | $4.0M | $6.3M | ||
| Q1 24 | $4.5M | $-6.7M |
毛利率CIAFORR
| 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% |
营业利润率CIAFORR
| Q4 25 | 10.9% | -36.6% | ||
| Q3 25 | 7.1% | 4.7% | ||
| Q2 25 | 10.6% | 6.2% | ||
| Q1 25 | -3.2% | -97.5% | ||
| Q4 24 | 5.9% | -0.5% | ||
| Q3 24 | 4.9% | -0.7% | ||
| Q2 24 | 5.3% | 9.3% | ||
| Q1 24 | 8.5% | -9.3% |
净利率CIAFORR
| Q4 25 | 10.2% | -33.5% | ||
| Q3 25 | 3.8% | -2.3% | ||
| Q2 25 | 9.9% | 3.5% | ||
| Q1 25 | -2.9% | -97.1% | ||
| Q4 24 | 5.7% | 0.4% | ||
| Q3 24 | 4.5% | -5.7% | ||
| Q2 24 | 6.4% | 5.2% | ||
| Q1 24 | 7.9% | -6.7% |
每股收益（稀释后）CIAFORR
| 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 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $23.0M | $63.3M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $235.0M | $126.5M |
| 总资产 | $1.8B | $404.0M |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资CIAFORR
| Q4 25 | $23.0M | $63.3M | ||
| Q3 25 | $23.1M | $65.1M | ||
| Q2 25 | $22.7M | $67.8M | ||
| Q1 25 | $18.4M | $75.6M | ||
| Q4 24 | $29.3M | $56.1M | ||
| Q3 24 | $32.4M | $62.8M | ||
| Q2 24 | $26.3M | $58.9M | ||
| Q1 24 | $23.2M | $61.4M |
股东权益CIAFORR
| Q4 25 | $235.0M | $126.5M | ||
| Q3 25 | $225.6M | $157.7M | ||
| Q2 25 | $229.0M | $159.5M | ||
| Q1 25 | $218.1M | $147.4M | ||
| Q4 24 | $210.4M | $229.5M | ||
| Q3 24 | $207.6M | $234.3M | ||
| Q2 24 | $191.5M | $237.1M | ||
| Q1 24 | $195.2M | $230.9M |
总资产CIAFORR
| Q4 25 | $1.8B | $404.0M | ||
| Q3 25 | $1.7B | $414.2M | ||
| Q2 25 | $1.7B | $436.0M | ||
| Q1 25 | $1.7B | $439.8M | ||
| Q4 24 | $1.7B | $503.9M | ||
| Q3 24 | $1.7B | $505.3M | ||
| Q2 24 | $1.7B | $524.2M | ||
| Q1 24 | $1.7B | $555.7M |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $18.0M | $-3.2M |
| 自由现金流经营现金流 - 资本支出 | $17.5M | $-4.3M |
| 自由现金流率自由现金流/营收 | 24.3% | -4.2% |
| 资本支出强度资本支出/营收 | 0.6% | 1.1% |
| 现金转化率经营现金流/净利润 | 2.45× | — |
| 过去12个月自由现金流最近4个季度 | $26.1M | $18.1M |
8季度趋势，按日历期对齐
经营现金流CIAFORR
| Q4 25 | $18.0M | $-3.2M | ||
| Q3 25 | $4.7M | $1.2M | ||
| Q2 25 | $3.5M | $-3.6M | ||
| Q1 25 | $748.0K | $26.7M | ||
| Q4 24 | $31.9M | $-1.8M | ||
| Q3 24 | $9.7M | $264.0K | ||
| Q2 24 | $4.6M | $-2.9M | ||
| Q1 24 | $6.8M | $611.0K |
自由现金流CIAFORR
| Q4 25 | $17.5M | $-4.3M | ||
| Q3 25 | $4.6M | $524.0K | ||
| Q2 25 | $3.3M | $-4.2M | ||
| Q1 25 | $641.0K | $26.1M | ||
| Q4 24 | $31.3M | $-2.5M | ||
| Q3 24 | $9.3M | $-223.0K | ||
| Q2 24 | $4.5M | $-3.7M | ||
| Q1 24 | $6.7M | $-815.0K |
自由现金流率CIAFORR
| Q4 25 | 24.3% | -4.2% | ||
| Q3 25 | 7.3% | 0.6% | ||
| Q2 25 | 5.1% | -3.8% | ||
| Q1 25 | 1.2% | 29.0% | ||
| Q4 24 | 49.2% | -2.3% | ||
| Q3 24 | 15.1% | -0.2% | ||
| Q2 24 | 7.2% | -3.1% | ||
| Q1 24 | 11.7% | -0.8% |
资本支出强度CIAFORR
| Q4 25 | 0.6% | 1.1% | ||
| Q3 25 | 0.1% | 0.7% | ||
| Q2 25 | 0.3% | 0.5% | ||
| Q1 25 | 0.2% | 0.7% | ||
| Q4 24 | 1.0% | 0.6% | ||
| Q3 24 | 0.6% | 0.5% | ||
| Q2 24 | 0.2% | 0.7% | ||
| Q1 24 | 0.1% | 1.4% |
现金转化率CIAFORR
| Q4 25 | 2.45× | — | ||
| Q3 25 | 1.93× | — | ||
| Q2 25 | 0.54× | -0.93× | ||
| Q1 25 | — | — | ||
| Q4 24 | 8.81× | -4.24× | ||
| Q3 24 | 3.48× | — | ||
| Q2 24 | 1.16× | -0.46× | ||
| Q1 24 | 1.49× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
CIA
暂无分部数据
FORR
| Research Segment | $82.2M | 81% |
| Consulting Segment | $16.2M | 16% |
| Billable Expenses | $1.5M | 2% |
| Professional Services | $1.4M | 1% |
