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弗雷斯特研究公司（FORR）与INSTEEL INDUSTRIES INC（IIIN）财务数据对比。点击上方公司名可切换其他公司
INSTEEL INDUSTRIES INC的季度营收约是弗雷斯特研究公司的1.6倍（$159.9M vs $101.1M），INSTEEL INDUSTRIES INC净利率更高（4.7% vs -33.5%，领先38.3%），INSTEEL INDUSTRIES INC同比增速更快（23.3% vs -6.5%），INSTEEL INDUSTRIES INC自由现金流更多（$-2.2M vs $-4.3M），过去两年INSTEEL INDUSTRIES 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。
Insteel Industries Inc是美国领先的钢材加固产品制造商，主营焊接钢筋网、工程结构网、钢纤维等产品，主要服务北美地区非住宅建筑、基础设施、预制混凝土构件等领域客户，提供高性能建筑加固解决方案。
FORR vs IIIN — 直观对比
营收规模更大
IIIN
是对方的1.6倍
$101.1M
营收增速更快
IIIN
高出29.7%
-6.5%
净利率更高
IIIN
高出38.3%
-33.5%
自由现金流更多
IIIN
多$2.1M
$-4.3M
两年增速更快
IIIN
近两年复合增速
0.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $101.1M | $159.9M |
| 净利润 | $-33.9M | $7.6M |
| 毛利率 | 56.7% | 11.3% |
| 营业利润率 | -36.6% | 6.0% |
| 净利率 | -33.5% | 4.7% |
| 营收同比 | -6.5% | 23.3% |
| 净利润同比 | -7941.4% | 602.4% |
| 每股收益（稀释后） | $-1.75 | $0.39 |
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FORRIIIN
| Q4 25 | $101.1M | $159.9M | ||
| Q3 25 | $94.3M | $177.4M | ||
| Q2 25 | $111.7M | $179.9M | ||
| Q1 25 | $89.9M | $160.7M | ||
| Q4 24 | $108.0M | $129.7M | ||
| Q3 24 | $102.5M | $134.3M | ||
| Q2 24 | $121.8M | $145.8M | ||
| Q1 24 | $100.1M | $127.4M |
净利润FORRIIIN
| Q4 25 | $-33.9M | $7.6M | ||
| Q3 25 | $-2.1M | $14.6M | ||
| Q2 25 | $3.9M | $15.2M | ||
| Q1 25 | $-87.3M | $10.2M | ||
| Q4 24 | $432.0K | $1.1M | ||
| Q3 24 | $-5.8M | $4.7M | ||
| Q2 24 | $6.3M | $6.6M | ||
| Q1 24 | $-6.7M | $6.9M |
毛利率FORRIIIN
| Q4 25 | 56.7% | 11.3% | ||
| Q3 25 | 60.0% | 16.1% | ||
| Q2 25 | 55.5% | 17.1% | ||
| Q1 25 | 55.9% | 15.3% | ||
| Q4 24 | 58.8% | 7.3% | ||
| Q3 24 | 60.5% | 9.1% | ||
| Q2 24 | 57.3% | 10.6% | ||
| Q1 24 | 54.9% | 12.3% |
营业利润率FORRIIIN
| Q4 25 | -36.6% | 6.0% | ||
| Q3 25 | 4.7% | 10.8% | ||
| Q2 25 | 6.2% | 11.0% | ||
| Q1 25 | -97.5% | 8.3% | ||
| Q4 24 | -0.5% | 1.1% | ||
| Q3 24 | -0.7% | 4.5% | ||
| Q2 24 | 9.3% | 6.0% | ||
| Q1 24 | -9.3% | 7.0% |
净利率FORRIIIN
| Q4 25 | -33.5% | 4.7% | ||
| Q3 25 | -2.3% | 8.2% | ||
| Q2 25 | 3.5% | 8.4% | ||
| Q1 25 | -97.1% | 6.4% | ||
| Q4 24 | 0.4% | 0.8% | ||
| Q3 24 | -5.7% | 3.5% | ||
| Q2 24 | 5.2% | 4.5% | ||
| Q1 24 | -6.7% | 5.4% |
每股收益（稀释后）FORRIIIN
| Q4 25 | $-1.75 | $0.39 | ||
| Q3 25 | $-0.11 | $0.74 | ||
| Q2 25 | $0.20 | $0.78 | ||
| Q1 25 | $-4.62 | $0.52 | ||
| Q4 24 | $0.02 | $0.06 | ||
| Q3 24 | $-0.30 | $0.24 | ||
| Q2 24 | $0.33 | $0.34 | ||
| Q1 24 | $-0.35 | $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 | $15.6M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $126.5M | $358.8M |
| 总资产 | $404.0M | $456.1M |
| 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FORRIIIN
| Q4 25 | $63.3M | $15.6M | ||
| Q3 25 | $65.1M | $38.6M | ||
| Q2 25 | $67.8M | $53.7M | ||
| Q1 25 | $75.6M | $28.4M | ||
| Q4 24 | $56.1M | $36.0M | ||
| Q3 24 | $62.8M | $111.5M | ||
| Q2 24 | $58.9M | $97.7M | ||
| Q1 24 | $61.4M | $83.9M |
股东权益FORRIIIN
| Q4 25 | $126.5M | $358.8M | ||
| Q3 25 | $157.7M | $371.5M | ||
| Q2 25 | $159.5M | $356.2M | ||
| Q1 25 | $147.4M | $341.4M | ||
| Q4 24 | $229.5M | $331.6M | ||
| Q3 24 | $234.3M | $350.9M | ||
| Q2 24 | $237.1M | $346.0M | ||
| Q1 24 | $230.9M | $340.6M |
总资产FORRIIIN
| Q4 25 | $404.0M | $456.1M | ||
| Q3 25 | $414.2M | $462.6M | ||
| Q2 25 | $436.0M | $471.9M | ||
| Q1 25 | $439.8M | $421.9M | ||
| Q4 24 | $503.9M | $404.7M | ||
| Q3 24 | $505.3M | $422.6M | ||
| Q2 24 | $524.2M | $414.6M | ||
| Q1 24 | $555.7M | $397.2M |
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 | $-701.0K |
| 自由现金流经营现金流 - 资本支出 | $-4.3M | $-2.2M |
| 自由现金流率自由现金流/营收 | -4.2% | -1.4% |
| 资本支出强度资本支出/营收 | 1.1% | 0.9% |
| 现金转化率经营现金流/净利润 | — | -0.09× |
| 过去12个月自由现金流最近4个季度 | $18.1M | $439.0K |
8季度趋势，按日历期对齐
经营现金流FORRIIIN
| Q4 25 | $-3.2M | $-701.0K | ||
| Q3 25 | $1.2M | $-17.0M | ||
| Q2 25 | $-3.6M | $28.5M | ||
| Q1 25 | $26.7M | $-3.3M | ||
| Q4 24 | $-1.8M | $19.0M | ||
| Q3 24 | $264.0K | $16.2M | ||
| Q2 24 | $-2.9M | $18.8M | ||
| Q1 24 | $611.0K | $1.4M |
自由现金流FORRIIIN
| Q4 25 | $-4.3M | $-2.2M | ||
| Q3 25 | $524.0K | $-18.7M | ||
| Q2 25 | $-4.2M | $26.9M | ||
| Q1 25 | $26.1M | $-5.5M | ||
| Q4 24 | $-2.5M | $16.3M | ||
| Q3 24 | $-223.0K | $14.5M | ||
| Q2 24 | $-3.7M | $15.5M | ||
| Q1 24 | $-815.0K | $-580.0K |
自由现金流率FORRIIIN
| Q4 25 | -4.2% | -1.4% | ||
| Q3 25 | 0.6% | -10.6% | ||
| Q2 25 | -3.8% | 15.0% | ||
| Q1 25 | 29.0% | -3.5% | ||
| Q4 24 | -2.3% | 12.6% | ||
| Q3 24 | -0.2% | 10.8% | ||
| Q2 24 | -3.1% | 10.7% | ||
| Q1 24 | -0.8% | -0.5% |
资本支出强度FORRIIIN
| Q4 25 | 1.1% | 0.9% | ||
| Q3 25 | 0.7% | 1.0% | ||
| Q2 25 | 0.5% | 0.9% | ||
| Q1 25 | 0.7% | 1.4% | ||
| Q4 24 | 0.6% | 2.1% | ||
| Q3 24 | 0.5% | 1.3% | ||
| Q2 24 | 0.7% | 2.2% | ||
| Q1 24 | 1.4% | 1.5% |
现金转化率FORRIIIN
| Q4 25 | — | -0.09× | ||
| Q3 25 | — | -1.17× | ||
| Q2 25 | -0.93× | 1.88× | ||
| Q1 25 | — | -0.32× | ||
| Q4 24 | -4.24× | 17.56× | ||
| Q3 24 | — | 3.48× | ||
| Q2 24 | -0.46× | 2.86× | ||
| Q1 24 | — | 0.20× |
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% |
IIIN
| Welded Wire Reinforcement | $108.4M | 68% |
| PC Strand | $51.6M | 32% |
