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慧与（EFSC）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
慧与的季度营收约是弗雷斯特研究公司的1.8倍（$185.2M vs $101.1M），慧与净利率更高（26.6% vs -33.5%，领先60.2%），过去两年慧与的营收复合增速更高（9.0% vs 0.5%）
慧与（Hewlett Packard Enterprise，简称HPE）是总部位于美国得克萨斯州斯普林的跨国信息技术企业，面向企业客户提供服务器、存储、网络、容器化软件及咨询支持服务，2018年位列美国《财富》500强第107位。
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。
EFSC vs FORR — 直观对比
营收规模更大
EFSC
是对方的1.8倍
$101.1M
净利率更高
EFSC
高出60.2%
-33.5%
两年增速更快
EFSC
近两年复合增速
0.5%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $185.2M | $101.1M |
| 净利润 | $49.4M | $-33.9M |
| 毛利率 | — | 56.7% |
| 营业利润率 | — | -36.6% |
| 净利率 | 26.6% | -33.5% |
| 营收同比 | — | -6.5% |
| 净利润同比 | -1.2% | -7941.4% |
| 每股收益（稀释后） | $1.30 | $-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EFSCFORR
| Q1 26 | $185.2M | — | ||
| Q4 25 | $193.6M | $101.1M | ||
| Q3 25 | $206.9M | $94.3M | ||
| Q2 25 | $173.4M | $111.7M | ||
| Q1 25 | $166.0M | $89.9M | ||
| Q4 24 | $167.0M | $108.0M | ||
| Q3 24 | $164.9M | $102.5M | ||
| Q2 24 | $156.0M | $121.8M |
净利润EFSCFORR
| Q1 26 | $49.4M | — | ||
| Q4 25 | $54.8M | $-33.9M | ||
| Q3 25 | $45.2M | $-2.1M | ||
| Q2 25 | $51.4M | $3.9M | ||
| Q1 25 | $50.0M | $-87.3M | ||
| Q4 24 | $48.8M | $432.0K | ||
| Q3 24 | $50.6M | $-5.8M | ||
| Q2 24 | $45.4M | $6.3M |
毛利率EFSCFORR
| Q1 26 | — | — | ||
| 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% |
营业利润率EFSCFORR
| Q1 26 | — | — | ||
| Q4 25 | — | -36.6% | ||
| Q3 25 | 42.9% | 4.7% | ||
| Q2 25 | 37.0% | 6.2% | ||
| Q1 25 | 36.8% | -97.5% | ||
| Q4 24 | — | -0.5% | ||
| Q3 24 | 38.1% | -0.7% | ||
| Q2 24 | 36.7% | 9.3% |
净利率EFSCFORR
| Q1 26 | 26.6% | — | ||
| Q4 25 | 28.3% | -33.5% | ||
| Q3 25 | 21.9% | -2.3% | ||
| Q2 25 | 29.6% | 3.5% | ||
| Q1 25 | 30.1% | -97.1% | ||
| Q4 24 | 29.2% | 0.4% | ||
| Q3 24 | 30.7% | -5.7% | ||
| Q2 24 | 29.1% | 5.2% |
每股收益（稀释后）EFSCFORR
| Q1 26 | $1.30 | — | ||
| Q4 25 | $1.45 | $-1.75 | ||
| Q3 25 | $1.19 | $-0.11 | ||
| Q2 25 | $1.36 | $0.20 | ||
| Q1 25 | $1.31 | $-4.62 | ||
| Q4 24 | $1.27 | $0.02 | ||
| Q3 24 | $1.32 | $-0.30 | ||
| Q2 24 | $1.19 | $0.33 |
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 | — | $63.3M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.1B | $126.5M |
| 总资产 | $17.3B | $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EFSCFORR
| Q1 26 | — | — | ||
| 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 |
股东权益EFSCFORR
| Q1 26 | $2.1B | — | ||
| Q4 25 | $2.0B | $126.5M | ||
| Q3 25 | $2.0B | $157.7M | ||
| Q2 25 | $1.9B | $159.5M | ||
| Q1 25 | $1.9B | $147.4M | ||
| Q4 24 | $1.8B | $229.5M | ||
| Q3 24 | $1.8B | $234.3M | ||
| Q2 24 | $1.8B | $237.1M |
总资产EFSCFORR
| Q1 26 | $17.3B | — | ||
| Q4 25 | $17.3B | $404.0M | ||
| Q3 25 | $16.4B | $414.2M | ||
| Q2 25 | $16.1B | $436.0M | ||
| Q1 25 | $15.7B | $439.8M | ||
| Q4 24 | $15.6B | $503.9M | ||
| Q3 24 | $15.0B | $505.3M | ||
| Q2 24 | $14.6B | $524.2M |
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 | — | $-3.2M |
| 自由现金流经营现金流 - 资本支出 | — | $-4.3M |
| 自由现金流率自由现金流/营收 | — | -4.2% |
| 资本支出强度资本支出/营收 | — | 1.1% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | — | $18.1M |
8季度趋势，按日历期对齐
经营现金流EFSCFORR
| Q1 26 | — | — | ||
| Q4 25 | $193.5M | $-3.2M | ||
| Q3 25 | $49.4M | $1.2M | ||
| Q2 25 | $61.3M | $-3.6M | ||
| Q1 25 | $40.0M | $26.7M | ||
| Q4 24 | $247.4M | $-1.8M | ||
| Q3 24 | $89.0M | $264.0K | ||
| Q2 24 | $76.5M | $-2.9M |
自由现金流EFSCFORR
| Q1 26 | — | — | ||
| Q4 25 | $181.5M | $-4.3M | ||
| Q3 25 | $47.1M | $524.0K | ||
| Q2 25 | $59.0M | $-4.2M | ||
| Q1 25 | $35.6M | $26.1M | ||
| Q4 24 | $239.9M | $-2.5M | ||
| Q3 24 | $88.2M | $-223.0K | ||
| Q2 24 | $74.7M | $-3.7M |
自由现金流率EFSCFORR
| Q1 26 | — | — | ||
| Q4 25 | 93.8% | -4.2% | ||
| Q3 25 | 22.8% | 0.6% | ||
| Q2 25 | 34.0% | -3.8% | ||
| Q1 25 | 21.5% | 29.0% | ||
| Q4 24 | 143.7% | -2.3% | ||
| Q3 24 | 53.5% | -0.2% | ||
| Q2 24 | 47.9% | -3.1% |
资本支出强度EFSCFORR
| Q1 26 | — | — | ||
| Q4 25 | 6.2% | 1.1% | ||
| Q3 25 | 1.1% | 0.7% | ||
| Q2 25 | 1.3% | 0.5% | ||
| Q1 25 | 2.7% | 0.7% | ||
| Q4 24 | 4.5% | 0.6% | ||
| Q3 24 | 0.5% | 0.5% | ||
| Q2 24 | 1.1% | 0.7% |
现金转化率EFSCFORR
| Q1 26 | — | — | ||
| Q4 25 | 3.53× | — | ||
| Q3 25 | 1.09× | — | ||
| Q2 25 | 1.19× | -0.93× | ||
| Q1 25 | 0.80× | — | ||
| Q4 24 | 5.07× | -4.24× | ||
| Q3 24 | 1.76× | — | ||
| Q2 24 | 1.68× | -0.46× |
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
EFSC
| Net Interest Income | $166.1M | 90% |
| Noninterest Income | $19.1M | 10% |
FORR
| Research Segment | $82.2M | 81% |
| Consulting Segment | $16.2M | 16% |
| Billable Expenses | $1.5M | 2% |
| Professional Services | $1.4M | 1% |
