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弗雷斯特研究公司（FORR）与FIRSTSUN CAPITAL BANCORP（FSUN）财务数据对比。点击上方公司名可切换其他公司
FIRSTSUN CAPITAL BANCORP的季度营收约是弗雷斯特研究公司的1.1倍（$110.0M vs $101.1M），FIRSTSUN CAPITAL BANCORP净利率更高（19.6% vs -33.5%，领先53.1%），过去两年FIRSTSUN CAPITAL BANCORP的营收复合增速更高（6.9% vs 0.5%）
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。
FirstSun Capital Bancorp是一家总部位于美国的金融控股公司，提供商业及个人贷款、存款产品、财富管理、财资解决方案等全面的银行金融服务，主要面向美国区域市场的个人消费者、中小企业及企业客户。
FORR vs FSUN — 直观对比
营收规模更大
FSUN
是对方的1.1倍
$101.1M
净利率更高
FSUN
高出53.1%
-33.5%
两年增速更快
FSUN
近两年复合增速
0.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $101.1M | $110.0M |
| 净利润 | $-33.9M | $21.6M |
| 毛利率 | 56.7% | — |
| 营业利润率 | -36.6% | — |
| 净利率 | -33.5% | 19.6% |
| 营收同比 | -6.5% | — |
| 净利润同比 | -7941.4% | -8.4% |
| 每股收益（稀释后） | $-1.75 | $0.76 |
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FORRFSUN
| Q1 26 | — | $110.0M | ||
| Q4 25 | $101.1M | $110.2M | ||
| Q3 25 | $94.3M | $107.3M | ||
| Q2 25 | $111.7M | $105.6M | ||
| Q1 25 | $89.9M | $96.2M | ||
| Q4 24 | $108.0M | $98.7M | ||
| Q3 24 | $102.5M | $98.2M | ||
| Q2 24 | $121.8M | $96.2M |
净利润FORRFSUN
| Q1 26 | — | $21.6M | ||
| Q4 25 | $-33.9M | $24.8M | ||
| Q3 25 | $-2.1M | $23.2M | ||
| Q2 25 | $3.9M | $26.4M | ||
| Q1 25 | $-87.3M | $23.6M | ||
| Q4 24 | $432.0K | $16.4M | ||
| Q3 24 | $-5.8M | $22.4M | ||
| Q2 24 | $6.3M | $24.6M |
毛利率FORRFSUN
| 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FORRFSUN
| Q1 26 | — | — | ||
| Q4 25 | -36.6% | 29.0% | ||
| Q3 25 | 4.7% | 26.4% | ||
| Q2 25 | 6.2% | 31.2% | ||
| Q1 25 | -97.5% | 30.9% | ||
| Q4 24 | -0.5% | 20.4% | ||
| Q3 24 | -0.7% | 29.1% | ||
| Q2 24 | 9.3% | 32.3% |
净利率FORRFSUN
| Q1 26 | — | 19.6% | ||
| Q4 25 | -33.5% | 22.5% | ||
| Q3 25 | -2.3% | 21.6% | ||
| Q2 25 | 3.5% | 25.0% | ||
| Q1 25 | -97.1% | 24.5% | ||
| Q4 24 | 0.4% | 16.6% | ||
| Q3 24 | -5.7% | 22.8% | ||
| Q2 24 | 5.2% | 25.5% |
每股收益（稀释后）FORRFSUN
| Q1 26 | — | $0.76 | ||
| Q4 25 | $-1.75 | $0.89 | ||
| Q3 25 | $-0.11 | $0.82 | ||
| Q2 25 | $0.20 | $0.93 | ||
| Q1 25 | $-4.62 | $0.83 | ||
| Q4 24 | $0.02 | $0.57 | ||
| Q3 24 | $-0.30 | $0.79 | ||
| Q2 24 | $0.33 | $0.88 |
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 | $413.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $126.5M | $1.2B |
| 总资产 | $404.0M | $8.6B |
| 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FORRFSUN
| Q1 26 | — | $413.7M | ||
| Q4 25 | $63.3M | $652.6M | ||
| Q3 25 | $65.1M | $659.9M | ||
| Q2 25 | $67.8M | $785.1M | ||
| Q1 25 | $75.6M | $621.4M | ||
| Q4 24 | $56.1M | $615.9M | ||
| Q3 24 | $62.8M | $573.7M | ||
| Q2 24 | $58.9M | $535.8M |
股东权益FORRFSUN
| Q1 26 | — | $1.2B | ||
| Q4 25 | $126.5M | $1.2B | ||
| Q3 25 | $157.7M | $1.1B | ||
| Q2 25 | $159.5M | $1.1B | ||
| Q1 25 | $147.4M | $1.1B | ||
| Q4 24 | $229.5M | $1.0B | ||
| Q3 24 | $234.3M | $1.0B | ||
| Q2 24 | $237.1M | $996.6M |
总资产FORRFSUN
| Q1 26 | — | $8.6B | ||
| Q4 25 | $404.0M | $8.5B | ||
| Q3 25 | $414.2M | $8.5B | ||
| Q2 25 | $436.0M | $8.4B | ||
| Q1 25 | $439.8M | $8.2B | ||
| Q4 24 | $503.9M | $8.1B | ||
| Q3 24 | $505.3M | $8.1B | ||
| Q2 24 | $524.2M | $8.0B |
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FORRFSUN
| Q1 26 | — | — | ||
| Q4 25 | $-3.2M | $111.5M | ||
| Q3 25 | $1.2M | $49.4M | ||
| Q2 25 | $-3.6M | $15.0M | ||
| Q1 25 | $26.7M | $26.4M | ||
| Q4 24 | $-1.8M | $101.1M | ||
| Q3 24 | $264.0K | $48.1M | ||
| Q2 24 | $-2.9M | $20.9M |
自由现金流FORRFSUN
| Q1 26 | — | — | ||
| Q4 25 | $-4.3M | $104.0M | ||
| Q3 25 | $524.0K | $47.6M | ||
| Q2 25 | $-4.2M | $13.0M | ||
| Q1 25 | $26.1M | $24.3M | ||
| Q4 24 | $-2.5M | $95.7M | ||
| Q3 24 | $-223.0K | $47.1M | ||
| Q2 24 | $-3.7M | $19.9M |
自由现金流率FORRFSUN
| Q1 26 | — | — | ||
| Q4 25 | -4.2% | 94.3% | ||
| Q3 25 | 0.6% | 44.4% | ||
| Q2 25 | -3.8% | 12.3% | ||
| Q1 25 | 29.0% | 25.3% | ||
| Q4 24 | -2.3% | 97.0% | ||
| Q3 24 | -0.2% | 47.9% | ||
| Q2 24 | -3.1% | 20.6% |
资本支出强度FORRFSUN
| Q1 26 | — | — | ||
| Q4 25 | 1.1% | 6.8% | ||
| Q3 25 | 0.7% | 1.6% | ||
| Q2 25 | 0.5% | 1.9% | ||
| Q1 25 | 0.7% | 2.1% | ||
| Q4 24 | 0.6% | 5.5% | ||
| Q3 24 | 0.5% | 1.1% | ||
| Q2 24 | 0.7% | 1.1% |
现金转化率FORRFSUN
| Q1 26 | — | — | ||
| Q4 25 | — | 4.49× | ||
| Q3 25 | — | 2.13× | ||
| Q2 25 | -0.93× | 0.57× | ||
| Q1 25 | — | 1.12× | ||
| Q4 24 | -4.24× | 6.18× | ||
| Q3 24 | — | 2.15× | ||
| Q2 24 | -0.46× | 0.85× |
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
FORR
| Research Segment | $82.2M | 81% |
| Consulting Segment | $16.2M | 16% |
| Billable Expenses | $1.5M | 2% |
| Professional Services | $1.4M | 1% |
FSUN
| Net Interest Income | $82.8M | 75% |
| Noninterest Income | $27.2M | 25% |
