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弗雷斯特研究公司（FORR）与HERITAGE COMMERCE CORP（HTBK）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HERITAGE COMMERCE CORP的1.9倍（$101.1M vs $53.6M），HERITAGE COMMERCE CORP净利率更高（28.2% vs -33.5%，领先61.7%），HERITAGE COMMERCE CORP同比增速更快（15.6% vs -6.5%），HERITAGE COMMERCE CORP自由现金流更多（$61.3M vs $-4.3M），过去两年HERITAGE COMMERCE CORP的营收复合增速更高（12.8% 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。
本文介绍的企业主体信息与内容描述不符，描述内容实际为美国商会，该商会成立于1912年4月23日，是美国规模最大的游说类商业协会 advocacy 团体，成立之初得益于时任总统威廉·霍华德·塔夫脱与劳工商务部长查尔斯·内格尔推动，旨在代表工商界发声。
FORR vs HTBK — 直观对比
营收规模更大
FORR
是对方的1.9倍
$53.6M
营收增速更快
HTBK
高出22.1%
-6.5%
净利率更高
HTBK
高出61.7%
-33.5%
自由现金流更多
HTBK
多$65.6M
$-4.3M
两年增速更快
HTBK
近两年复合增速
0.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $101.1M | $53.6M |
| 净利润 | $-33.9M | $15.1M |
| 毛利率 | 56.7% | — |
| 营业利润率 | -36.6% | 41.0% |
| 净利率 | -33.5% | 28.2% |
| 营收同比 | -6.5% | 15.6% |
| 净利润同比 | -7941.4% | 42.3% |
| 每股收益（稀释后） | $-1.75 | $0.25 |
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FORRHTBK
| Q4 25 | $101.1M | $53.6M | ||
| Q3 25 | $94.3M | $50.0M | ||
| Q2 25 | $111.7M | $47.8M | ||
| Q1 25 | $89.9M | $46.1M | ||
| Q4 24 | $108.0M | $46.4M | ||
| Q3 24 | $102.5M | $42.2M | ||
| Q2 24 | $121.8M | $41.7M | ||
| Q1 24 | $100.1M | $42.1M |
净利润FORRHTBK
| Q4 25 | $-33.9M | $15.1M | ||
| Q3 25 | $-2.1M | $14.7M | ||
| Q2 25 | $3.9M | $6.4M | ||
| Q1 25 | $-87.3M | $11.6M | ||
| Q4 24 | $432.0K | $10.6M | ||
| Q3 24 | $-5.8M | $10.5M | ||
| Q2 24 | $6.3M | $9.2M | ||
| Q1 24 | $-6.7M | $10.2M |
毛利率FORRHTBK
| 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% | — | ||
| Q1 24 | 54.9% | — |
营业利润率FORRHTBK
| Q4 25 | -36.6% | 41.0% | ||
| Q3 25 | 4.7% | 41.1% | ||
| Q2 25 | 6.2% | 18.7% | ||
| Q1 25 | -97.5% | 35.4% | ||
| Q4 24 | -0.5% | 31.8% | ||
| Q3 24 | -0.7% | 34.3% | ||
| Q2 24 | 9.3% | 31.3% | ||
| Q1 24 | -9.3% | 34.2% |
净利率FORRHTBK
| Q4 25 | -33.5% | 28.2% | ||
| Q3 25 | -2.3% | 29.4% | ||
| Q2 25 | 3.5% | 13.4% | ||
| Q1 25 | -97.1% | 25.2% | ||
| Q4 24 | 0.4% | 22.9% | ||
| Q3 24 | -5.7% | 24.9% | ||
| Q2 24 | 5.2% | 22.1% | ||
| Q1 24 | -6.7% | 24.1% |
每股收益（稀释后）FORRHTBK
| Q4 25 | $-1.75 | $0.25 | ||
| Q3 25 | $-0.11 | $0.24 | ||
| Q2 25 | $0.20 | $0.10 | ||
| Q1 25 | $-4.62 | $0.19 | ||
| Q4 24 | $0.02 | $0.17 | ||
| Q3 24 | $-0.30 | $0.17 | ||
| Q2 24 | $0.33 | $0.15 | ||
| Q1 24 | $-0.35 | $0.17 |
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 | $126.5M | $708.6M |
| 总资产 | $404.0M | $5.8B |
| 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FORRHTBK
| 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 | — | ||
| Q1 24 | $61.4M | — |
股东权益FORRHTBK
| Q4 25 | $126.5M | $708.6M | ||
| Q3 25 | $157.7M | $700.0M | ||
| Q2 25 | $159.5M | $694.7M | ||
| Q1 25 | $147.4M | $696.2M | ||
| Q4 24 | $229.5M | $689.7M | ||
| Q3 24 | $234.3M | $685.4M | ||
| Q2 24 | $237.1M | $679.2M | ||
| Q1 24 | $230.9M | $676.3M |
总资产FORRHTBK
| Q4 25 | $404.0M | $5.8B | ||
| Q3 25 | $414.2M | $5.6B | ||
| Q2 25 | $436.0M | $5.5B | ||
| Q1 25 | $439.8M | $5.5B | ||
| Q4 24 | $503.9M | $5.6B | ||
| Q3 24 | $505.3M | $5.6B | ||
| Q2 24 | $524.2M | $5.3B | ||
| Q1 24 | $555.7M | $5.3B |
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 | $61.7M |
| 自由现金流经营现金流 - 资本支出 | $-4.3M | $61.3M |
| 自由现金流率自由现金流/营收 | -4.2% | 114.3% |
| 资本支出强度资本支出/营收 | 1.1% | 0.7% |
| 现金转化率经营现金流/净利润 | — | 4.08× |
| 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FORRHTBK
| Q4 25 | $-3.2M | $61.7M | ||
| Q3 25 | $1.2M | $18.9M | ||
| Q2 25 | $-3.6M | $8.0M | ||
| Q1 25 | $26.7M | $14.8M | ||
| Q4 24 | $-1.8M | $39.0M | ||
| Q3 24 | $264.0K | $5.3M | ||
| Q2 24 | $-2.9M | $10.5M | ||
| Q1 24 | $611.0K | $7.3M |
自由现金流FORRHTBK
| Q4 25 | $-4.3M | $61.3M | ||
| Q3 25 | $524.0K | $18.8M | ||
| Q2 25 | $-4.2M | — | ||
| Q1 25 | $26.1M | — | ||
| Q4 24 | $-2.5M | $37.3M | ||
| Q3 24 | $-223.0K | $4.9M | ||
| Q2 24 | $-3.7M | $9.9M | ||
| Q1 24 | $-815.0K | $6.9M |
自由现金流率FORRHTBK
| Q4 25 | -4.2% | 114.3% | ||
| Q3 25 | 0.6% | 37.7% | ||
| Q2 25 | -3.8% | — | ||
| Q1 25 | 29.0% | — | ||
| Q4 24 | -2.3% | 80.5% | ||
| Q3 24 | -0.2% | 11.6% | ||
| Q2 24 | -3.1% | 23.6% | ||
| Q1 24 | -0.8% | 16.4% |
资本支出强度FORRHTBK
| Q4 25 | 1.1% | 0.7% | ||
| Q3 25 | 0.7% | 0.1% | ||
| Q2 25 | 0.5% | — | ||
| Q1 25 | 0.7% | — | ||
| Q4 24 | 0.6% | 3.5% | ||
| Q3 24 | 0.5% | 1.0% | ||
| Q2 24 | 0.7% | 1.6% | ||
| Q1 24 | 1.4% | 1.0% |
现金转化率FORRHTBK
| Q4 25 | — | 4.08× | ||
| Q3 25 | — | 1.28× | ||
| Q2 25 | -0.93× | 1.25× | ||
| Q1 25 | — | 1.28× | ||
| Q4 24 | -4.24× | 3.67× | ||
| Q3 24 | — | 0.50× | ||
| Q2 24 | -0.46× | 1.14× | ||
| Q1 24 | — | 0.72× |
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% |
HTBK
暂无分部数据
