vs
弗雷斯特研究公司（FORR）与GRID DYNAMICS HOLDINGS, INC.（GDYN）财务数据对比。点击上方公司名可切换其他公司
GRID DYNAMICS HOLDINGS, INC.的季度营收约是弗雷斯特研究公司的1.0倍（$104.1M vs $101.1M），GRID DYNAMICS HOLDINGS, INC.净利率更高（-1.4% vs -33.5%，领先32.1%），GRID DYNAMICS HOLDINGS, INC.同比增速更快（3.7% vs -6.5%），过去两年GRID DYNAMICS HOLDINGS, INC.的营收复合增速更高（12.0% 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。
Escape Dynamics Inc.是一家总部位于科罗拉多州的科技企业，活跃于2010年至2015年，核心业务方向是研发可单级入轨、依靠电磁驱动的可重复使用航天飞机，并推动该项目实现商业化落地。
FORR vs GDYN — 直观对比
营收规模更大
GDYN
是对方的1.0倍
$101.1M
营收增速更快
GDYN
高出10.1%
-6.5%
净利率更高
GDYN
高出32.1%
-33.5%
两年增速更快
GDYN
近两年复合增速
0.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $101.1M | $104.1M |
| 净利润 | $-33.9M | $-1.5M |
| 毛利率 | 56.7% | 34.8% |
| 营业利润率 | -36.6% | 61.7% |
| 净利率 | -33.5% | -1.4% |
| 营收同比 | -6.5% | 3.7% |
| 净利润同比 | -7941.4% | -150.6% |
| 每股收益（稀释后） | $-1.75 | $-0.02 |
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FORRGDYN
| Q1 26 | — | $104.1M | ||
| Q4 25 | $101.1M | $106.2M | ||
| Q3 25 | $94.3M | $104.2M | ||
| Q2 25 | $111.7M | $101.1M | ||
| Q1 25 | $89.9M | $100.4M | ||
| Q4 24 | $108.0M | $100.3M | ||
| Q3 24 | $102.5M | $87.4M | ||
| Q2 24 | $121.8M | $83.0M |
净利润FORRGDYN
| Q1 26 | — | $-1.5M | ||
| Q4 25 | $-33.9M | $306.0K | ||
| Q3 25 | $-2.1M | $1.2M | ||
| Q2 25 | $3.9M | $5.3M | ||
| Q1 25 | $-87.3M | $2.9M | ||
| Q4 24 | $432.0K | $4.5M | ||
| Q3 24 | $-5.8M | $4.3M | ||
| Q2 24 | $6.3M | $-817.0K |
毛利率FORRGDYN
| Q1 26 | — | 34.8% | ||
| Q4 25 | 56.7% | 34.0% | ||
| Q3 25 | 60.0% | 33.3% | ||
| Q2 25 | 55.5% | 34.1% | ||
| Q1 25 | 55.9% | 36.8% | ||
| Q4 24 | 58.8% | 36.9% | ||
| Q3 24 | 60.5% | 37.4% | ||
| Q2 24 | 57.3% | 35.6% |
营业利润率FORRGDYN
| Q1 26 | — | 61.7% | ||
| Q4 25 | -36.6% | 0.5% | ||
| Q3 25 | 4.7% | -0.2% | ||
| Q2 25 | 6.2% | -0.1% | ||
| Q1 25 | -97.5% | -2.0% | ||
| Q4 24 | -0.5% | 1.3% | ||
| Q3 24 | -0.7% | 2.4% | ||
| Q2 24 | 9.3% | 0.0% |
净利率FORRGDYN
| Q1 26 | — | -1.4% | ||
| Q4 25 | -33.5% | 0.3% | ||
| Q3 25 | -2.3% | 1.1% | ||
| Q2 25 | 3.5% | 5.2% | ||
| Q1 25 | -97.1% | 2.9% | ||
| Q4 24 | 0.4% | 4.5% | ||
| Q3 24 | -5.7% | 4.9% | ||
| Q2 24 | 5.2% | -1.0% |
每股收益（稀释后）FORRGDYN
| Q1 26 | — | $-0.02 | ||
| Q4 25 | $-1.75 | $0.01 | ||
| Q3 25 | $-0.11 | $0.01 | ||
| Q2 25 | $0.20 | $0.06 | ||
| Q1 25 | $-4.62 | $0.03 | ||
| Q4 24 | $0.02 | $0.06 | ||
| Q3 24 | $-0.30 | $0.05 | ||
| Q2 24 | $0.33 | $-0.01 |
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 | $327.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $126.5M | $530.1M |
| 总资产 | $404.0M | $605.0M |
| 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FORRGDYN
| Q1 26 | — | $327.5M | ||
| Q4 25 | $63.3M | $342.1M | ||
| Q3 25 | $65.1M | $338.6M | ||
| Q2 25 | $67.8M | $336.8M | ||
| Q1 25 | $75.6M | $325.5M | ||
| Q4 24 | $56.1M | $334.7M | ||
| Q3 24 | $62.8M | $231.3M | ||
| Q2 24 | $58.9M | $256.0M |
股东权益FORRGDYN
| Q1 26 | — | $530.1M | ||
| Q4 25 | $126.5M | $542.1M | ||
| Q3 25 | $157.7M | $537.7M | ||
| Q2 25 | $159.5M | $532.2M | ||
| Q1 25 | $147.4M | $517.4M | ||
| Q4 24 | $229.5M | $517.8M | ||
| Q3 24 | $234.3M | $400.2M | ||
| Q2 24 | $237.1M | $388.4M |
总资产FORRGDYN
| Q1 26 | — | $605.0M | ||
| Q4 25 | $404.0M | $612.9M | ||
| Q3 25 | $414.2M | $613.2M | ||
| Q2 25 | $436.0M | $608.9M | ||
| Q1 25 | $439.8M | $590.9M | ||
| Q4 24 | $503.9M | $592.2M | ||
| Q3 24 | $505.3M | $477.3M | ||
| Q2 24 | $524.2M | $443.6M |
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FORRGDYN
| Q1 26 | — | — | ||
| Q4 25 | $-3.2M | $9.9M | ||
| Q3 25 | $1.2M | $7.0M | ||
| Q2 25 | $-3.6M | $14.4M | ||
| Q1 25 | $26.7M | $9.4M | ||
| Q4 24 | $-1.8M | $7.1M | ||
| Q3 24 | $264.0K | $9.2M | ||
| Q2 24 | $-2.9M | $10.7M |
自由现金流FORRGDYN
| Q1 26 | — | — | ||
| Q4 25 | $-4.3M | $6.1M | ||
| Q3 25 | $524.0K | $2.9M | ||
| Q2 25 | $-4.2M | $10.2M | ||
| Q1 25 | $26.1M | $6.0M | ||
| Q4 24 | $-2.5M | $4.4M | ||
| Q3 24 | $-223.0K | $5.9M | ||
| Q2 24 | $-3.7M | $8.0M |
自由现金流率FORRGDYN
| Q1 26 | — | — | ||
| Q4 25 | -4.2% | 5.7% | ||
| Q3 25 | 0.6% | 2.8% | ||
| Q2 25 | -3.8% | 10.1% | ||
| Q1 25 | 29.0% | 6.0% | ||
| Q4 24 | -2.3% | 4.4% | ||
| Q3 24 | -0.2% | 6.8% | ||
| Q2 24 | -3.1% | 9.7% |
资本支出强度FORRGDYN
| Q1 26 | — | — | ||
| Q4 25 | 1.1% | 3.6% | ||
| Q3 25 | 0.7% | 3.9% | ||
| Q2 25 | 0.5% | 4.1% | ||
| Q1 25 | 0.7% | 3.3% | ||
| Q4 24 | 0.6% | 2.6% | ||
| Q3 24 | 0.5% | 3.7% | ||
| Q2 24 | 0.7% | 3.2% |
现金转化率FORRGDYN
| Q1 26 | — | — | ||
| Q4 25 | — | 32.34× | ||
| Q3 25 | — | 5.92× | ||
| Q2 25 | -0.93× | 2.73× | ||
| Q1 25 | — | 3.21× | ||
| Q4 24 | -4.24× | 1.56× | ||
| Q3 24 | — | 2.15× | ||
| Q2 24 | -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
FORR
| Research Segment | $82.2M | 81% |
| Consulting Segment | $16.2M | 16% |
| Billable Expenses | $1.5M | 2% |
| Professional Services | $1.4M | 1% |
GDYN
暂无分部数据
