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弗雷斯特研究公司（FORR）与null（GPRO）财务数据对比。点击上方公司名可切换其他公司
null的季度营收约是弗雷斯特研究公司的2.0倍（$201.7M vs $101.1M），null同比增速更快（0.4% vs -6.5%），null自由现金流更多（$15.0M vs $-4.3M），过去两年null的营收复合增速更高（13.9% 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。
GoPro, Inc.是2002年由尼克·伍德曼创立的美国科技企业，最初注册名为伍德曼实验室，总部坐落于加利福尼亚州圣马特奥。该公司主营运动相机生产制造，同时还自主开发配套移动端应用与视频编辑软件。
FORR vs GPRO — 直观对比
营收规模更大
GPRO
是对方的2.0倍
$101.1M
营收增速更快
GPRO
高出6.9%
-6.5%
自由现金流更多
GPRO
多$19.2M
$-4.3M
两年增速更快
GPRO
近两年复合增速
0.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $101.1M | $201.7M |
| 净利润 | $-33.9M | — |
| 毛利率 | 56.7% | 31.8% |
| 营业利润率 | -36.6% | -4.1% |
| 净利率 | -33.5% | — |
| 营收同比 | -6.5% | 0.4% |
| 净利润同比 | -7941.4% | — |
| 每股收益（稀释后） | $-1.75 | $-0.06 |
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FORRGPRO
| Q4 25 | $101.1M | $201.7M | ||
| Q3 25 | $94.3M | $162.9M | ||
| Q2 25 | $111.7M | $152.6M | ||
| Q1 25 | $89.9M | $134.3M | ||
| Q4 24 | $108.0M | $200.9M | ||
| Q3 24 | $102.5M | $258.9M | ||
| Q2 24 | $121.8M | $186.2M | ||
| Q1 24 | $100.1M | $155.5M |
净利润FORRGPRO
| Q4 25 | $-33.9M | — | ||
| Q3 25 | $-2.1M | $-21.3M | ||
| Q2 25 | $3.9M | $-16.4M | ||
| Q1 25 | $-87.3M | $-46.7M | ||
| Q4 24 | $432.0K | — | ||
| Q3 24 | $-5.8M | $-8.2M | ||
| Q2 24 | $6.3M | $-47.8M | ||
| Q1 24 | $-6.7M | $-339.1M |
毛利率FORRGPRO
| Q4 25 | 56.7% | 31.8% | ||
| Q3 25 | 60.0% | 35.1% | ||
| Q2 25 | 55.5% | 35.8% | ||
| Q1 25 | 55.9% | 32.1% | ||
| Q4 24 | 58.8% | 34.7% | ||
| Q3 24 | 60.5% | 35.5% | ||
| Q2 24 | 57.3% | 30.5% | ||
| Q1 24 | 54.9% | 34.1% |
营业利润率FORRGPRO
| Q4 25 | -36.6% | -4.1% | ||
| Q3 25 | 4.7% | -9.8% | ||
| Q2 25 | 6.2% | -9.2% | ||
| Q1 25 | -97.5% | -33.7% | ||
| Q4 24 | -0.5% | -19.5% | ||
| Q3 24 | -0.7% | -3.1% | ||
| Q2 24 | 9.3% | -25.0% | ||
| Q1 24 | -9.3% | -26.6% |
净利率FORRGPRO
| Q4 25 | -33.5% | — | ||
| Q3 25 | -2.3% | -13.0% | ||
| Q2 25 | 3.5% | -10.8% | ||
| Q1 25 | -97.1% | -34.8% | ||
| Q4 24 | 0.4% | — | ||
| Q3 24 | -5.7% | -3.2% | ||
| Q2 24 | 5.2% | -25.7% | ||
| Q1 24 | -6.7% | -218.1% |
每股收益（稀释后）FORRGPRO
| Q4 25 | $-1.75 | $-0.06 | ||
| Q3 25 | $-0.11 | $-0.13 | ||
| Q2 25 | $0.20 | $-0.10 | ||
| Q1 25 | $-4.62 | $-0.30 | ||
| Q4 24 | $0.02 | $-0.22 | ||
| Q3 24 | $-0.30 | $-0.05 | ||
| Q2 24 | $0.33 | $-0.31 | ||
| Q1 24 | $-0.35 | $-2.24 |
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 | $49.7M |
| 总债务越低越好 | — | $44.3M |
| 股东权益账面价值 | $126.5M | $76.5M |
| 总资产 | $404.0M | $428.0M |
| 负债/权益比越低杠杆越低 | — | 0.58× |
8季度趋势，按日历期对齐
现金及短期投资FORRGPRO
| Q4 25 | $63.3M | $49.7M | ||
| Q3 25 | $65.1M | $152.8M | ||
| Q2 25 | $67.8M | $58.6M | ||
| Q1 25 | $75.6M | $69.6M | ||
| Q4 24 | $56.1M | $102.8M | ||
| Q3 24 | $62.8M | $130.2M | ||
| Q2 24 | $58.9M | $133.0M | ||
| Q1 24 | $61.4M | $133.7M |
总债务FORRGPRO
| Q4 25 | — | $44.3M | ||
| Q3 25 | — | $43.9M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $0 | ||
| Q3 24 | — | $93.1M | ||
| Q2 24 | — | $92.9M | ||
| Q1 24 | — | $92.7M |
股东权益FORRGPRO
| Q4 25 | $126.5M | $76.5M | ||
| Q3 25 | $157.7M | $80.5M | ||
| Q2 25 | $159.5M | $97.9M | ||
| Q1 25 | $147.4M | $110.0M | ||
| Q4 24 | $229.5M | $151.7M | ||
| Q3 24 | $234.3M | $183.9M | ||
| Q2 24 | $237.1M | $184.7M | ||
| Q1 24 | $230.9M | $224.9M |
总资产FORRGPRO
| Q4 25 | $404.0M | $428.0M | ||
| Q3 25 | $414.2M | $538.6M | ||
| Q2 25 | $436.0M | $439.0M | ||
| Q1 25 | $439.8M | $462.5M | ||
| Q4 24 | $503.9M | $543.7M | ||
| Q3 24 | $505.3M | $661.6M | ||
| Q2 24 | $524.2M | $556.8M | ||
| Q1 24 | $555.7M | $575.8M |
负债/权益比FORRGPRO
| Q4 25 | — | 0.58× | ||
| Q3 25 | — | 0.55× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.00× | ||
| Q3 24 | — | 0.51× | ||
| Q2 24 | — | 0.50× | ||
| Q1 24 | — | 0.41× |
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 | $15.6M |
| 自由现金流经营现金流 - 资本支出 | $-4.3M | $15.0M |
| 自由现金流率自由现金流/营收 | -4.2% | 7.4% |
| 资本支出强度资本支出/营收 | 1.1% | 0.3% |
| 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 | $-24.0M |
8季度趋势，按日历期对齐
经营现金流FORRGPRO
| Q4 25 | $-3.2M | $15.6M | ||
| Q3 25 | $1.2M | $12.2M | ||
| Q2 25 | $-3.6M | $8.8M | ||
| Q1 25 | $26.7M | $-57.2M | ||
| Q4 24 | $-1.8M | $-25.1M | ||
| Q3 24 | $264.0K | $-2.2M | ||
| Q2 24 | $-2.9M | $605.0K | ||
| Q1 24 | $611.0K | $-98.4M |
自由现金流FORRGPRO
| Q4 25 | $-4.3M | $15.0M | ||
| Q3 25 | $524.0K | $11.2M | ||
| Q2 25 | $-4.2M | $8.3M | ||
| Q1 25 | $26.1M | $-58.5M | ||
| Q4 24 | $-2.5M | $-25.5M | ||
| Q3 24 | $-223.0K | $-4.2M | ||
| Q2 24 | $-3.7M | $-111.0K | ||
| Q1 24 | $-815.0K | $-99.4M |
自由现金流率FORRGPRO
| Q4 25 | -4.2% | 7.4% | ||
| Q3 25 | 0.6% | 6.9% | ||
| Q2 25 | -3.8% | 5.4% | ||
| Q1 25 | 29.0% | -43.5% | ||
| Q4 24 | -2.3% | -12.7% | ||
| Q3 24 | -0.2% | -1.6% | ||
| Q2 24 | -3.1% | -0.1% | ||
| Q1 24 | -0.8% | -63.9% |
资本支出强度FORRGPRO
| Q4 25 | 1.1% | 0.3% | ||
| Q3 25 | 0.7% | 0.6% | ||
| Q2 25 | 0.5% | 0.3% | ||
| Q1 25 | 0.7% | 1.0% | ||
| Q4 24 | 0.6% | 0.2% | ||
| Q3 24 | 0.5% | 0.8% | ||
| Q2 24 | 0.7% | 0.4% | ||
| Q1 24 | 1.4% | 0.6% |
现金转化率FORRGPRO
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | -0.93× | — | ||
| 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% |
GPRO
| Subscription And Services | $106.3M | 53% |
| Other | $95.4M | 47% |
