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弗雷斯特研究公司（FORR）与协鑫环球控股有限公司（GCL）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协鑫环球控股有限公司的1.0倍（$101.1M vs $98.7M），协鑫环球控股有限公司净利率更高（-5.2% vs -33.5%，领先28.4%），弗雷斯特研究公司自由现金流更多（$-4.3M vs $-5.2M）
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。
协鑫环球控股有限公司是全球领先的清洁能源企业，主营光伏产品、储能系统与低碳能源解决方案的研发、生产及运营，业务覆盖亚、欧、北美等地区，服务于集中式电站、工商业及户用分布式能源客户。
FORR vs GCL — 直观对比
营收规模更大
FORR
是对方的1.0倍
$98.7M
净利率更高
GCL
高出28.4%
-33.5%
自由现金流更多
FORR
多$964.1K
$-5.2M
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $101.1M | $98.7M |
| 净利润 | $-33.9M | $-5.1M |
| 毛利率 | 56.7% | 11.0% |
| 营业利润率 | -36.6% | -6.7% |
| 净利率 | -33.5% | -5.2% |
| 营收同比 | -6.5% | — |
| 净利润同比 | -7941.4% | — |
| 每股收益（稀释后） | $-1.75 | $-0.04 |
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FORRGCL
| Q4 25 | $101.1M | — | ||
| Q3 25 | $94.3M | $98.7M | ||
| Q2 25 | $111.7M | $142.1M | ||
| Q1 25 | $89.9M | — | ||
| Q4 24 | $108.0M | — | ||
| Q3 24 | $102.5M | $36.1M | ||
| Q2 24 | $121.8M | — | ||
| Q1 24 | $100.1M | — |
净利润FORRGCL
| Q4 25 | $-33.9M | — | ||
| Q3 25 | $-2.1M | $-5.1M | ||
| Q2 25 | $3.9M | $5.6M | ||
| Q1 25 | $-87.3M | — | ||
| Q4 24 | $432.0K | — | ||
| Q3 24 | $-5.8M | $-1.9M | ||
| Q2 24 | $6.3M | — | ||
| Q1 24 | $-6.7M | — |
毛利率FORRGCL
| Q4 25 | 56.7% | — | ||
| Q3 25 | 60.0% | 11.0% | ||
| Q2 25 | 55.5% | 15.0% | ||
| Q1 25 | 55.9% | — | ||
| Q4 24 | 58.8% | — | ||
| Q3 24 | 60.5% | 16.2% | ||
| Q2 24 | 57.3% | — | ||
| Q1 24 | 54.9% | — |
营业利润率FORRGCL
| Q4 25 | -36.6% | — | ||
| Q3 25 | 4.7% | -6.7% | ||
| Q2 25 | 6.2% | 2.3% | ||
| Q1 25 | -97.5% | — | ||
| Q4 24 | -0.5% | — | ||
| Q3 24 | -0.7% | -5.6% | ||
| Q2 24 | 9.3% | — | ||
| Q1 24 | -9.3% | — |
净利率FORRGCL
| Q4 25 | -33.5% | — | ||
| Q3 25 | -2.3% | -5.2% | ||
| Q2 25 | 3.5% | 3.9% | ||
| Q1 25 | -97.1% | — | ||
| Q4 24 | 0.4% | — | ||
| Q3 24 | -5.7% | -5.2% | ||
| Q2 24 | 5.2% | — | ||
| Q1 24 | -6.7% | — |
每股收益（稀释后）FORRGCL
| Q4 25 | $-1.75 | — | ||
| Q3 25 | $-0.11 | $-0.04 | ||
| Q2 25 | $0.20 | $0.05 | ||
| 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 | $63.3M | $16.6M |
| 总债务越低越好 | — | $52.0M |
| 股东权益账面价值 | $126.5M | $33.1M |
| 总资产 | $404.0M | $159.9M |
| 负债/权益比越低杠杆越低 | — | 1.57× |
8季度趋势，按日历期对齐
现金及短期投资FORRGCL
| Q4 25 | $63.3M | — | ||
| Q3 25 | $65.1M | $16.6M | ||
| Q2 25 | $67.8M | $18.2M | ||
| Q1 25 | $75.6M | — | ||
| Q4 24 | $56.1M | — | ||
| Q3 24 | $62.8M | $2.7M | ||
| Q2 24 | $58.9M | — | ||
| Q1 24 | $61.4M | — |
总债务FORRGCL
| Q4 25 | — | — | ||
| Q3 25 | — | $52.0M | ||
| Q2 25 | — | $11.9M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益FORRGCL
| Q4 25 | $126.5M | — | ||
| Q3 25 | $157.7M | $33.1M | ||
| Q2 25 | $159.5M | $35.9M | ||
| Q1 25 | $147.4M | — | ||
| Q4 24 | $229.5M | — | ||
| Q3 24 | $234.3M | $15.9M | ||
| Q2 24 | $237.1M | — | ||
| Q1 24 | $230.9M | — |
总资产FORRGCL
| Q4 25 | $404.0M | — | ||
| Q3 25 | $414.2M | $159.9M | ||
| Q2 25 | $436.0M | $101.6M | ||
| Q1 25 | $439.8M | — | ||
| Q4 24 | $503.9M | — | ||
| Q3 24 | $505.3M | $49.6M | ||
| Q2 24 | $524.2M | — | ||
| Q1 24 | $555.7M | — |
负债/权益比FORRGCL
| Q4 25 | — | — | ||
| Q3 25 | — | 1.57× | ||
| Q2 25 | — | 0.33× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $-4.8M |
| 自由现金流经营现金流 - 资本支出 | $-4.3M | $-5.2M |
| 自由现金流率自由现金流/营收 | -4.2% | -5.3% |
| 资本支出强度资本支出/营收 | 1.1% | 0.4% |
| 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FORRGCL
| Q4 25 | $-3.2M | — | ||
| Q3 25 | $1.2M | $-4.8M | ||
| Q2 25 | $-3.6M | $-10.3M | ||
| Q1 25 | $26.7M | — | ||
| Q4 24 | $-1.8M | — | ||
| Q3 24 | $264.0K | $6.1M | ||
| Q2 24 | $-2.9M | — | ||
| Q1 24 | $611.0K | — |
自由现金流FORRGCL
| Q4 25 | $-4.3M | — | ||
| Q3 25 | $524.0K | $-5.2M | ||
| Q2 25 | $-4.2M | $-10.5M | ||
| Q1 25 | $26.1M | — | ||
| Q4 24 | $-2.5M | — | ||
| Q3 24 | $-223.0K | — | ||
| Q2 24 | $-3.7M | — | ||
| Q1 24 | $-815.0K | — |
自由现金流率FORRGCL
| Q4 25 | -4.2% | — | ||
| Q3 25 | 0.6% | -5.3% | ||
| Q2 25 | -3.8% | -7.4% | ||
| Q1 25 | 29.0% | — | ||
| Q4 24 | -2.3% | — | ||
| Q3 24 | -0.2% | — | ||
| Q2 24 | -3.1% | — | ||
| Q1 24 | -0.8% | — |
资本支出强度FORRGCL
| Q4 25 | 1.1% | — | ||
| Q3 25 | 0.7% | 0.4% | ||
| Q2 25 | 0.5% | 0.1% | ||
| Q1 25 | 0.7% | — | ||
| Q4 24 | 0.6% | — | ||
| Q3 24 | 0.5% | — | ||
| Q2 24 | 0.7% | — | ||
| Q1 24 | 1.4% | — |
现金转化率FORRGCL
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | -0.93× | -1.84× | ||
| Q1 25 | — | — | ||
| Q4 24 | -4.24× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | -0.46× | — | ||
| Q1 24 | — | — |
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% |
GCL
暂无分部数据
