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弗雷斯特研究公司（FORR）与indie Semiconductor, Inc.（INDI）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indie Semiconductor, Inc.的1.8倍（$101.1M vs $55.5M），indie Semiconductor, Inc.同比增速更快（2.6% vs -6.5%），过去两年indie Semiconductor, Inc.的营收复合增速更高（2.9% 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。
indie Semiconductor是一家无晶圆厂半导体企业，专注于设计高性能混合信号及嵌入式片上系统解决方案，核心面向汽车领域，产品覆盖高级驾驶辅助、车载信息娱乐、车联网及电动汽车场景，服务全球汽车整车厂商及一级供应商。
FORR vs INDI — 直观对比
营收规模更大
FORR
是对方的1.8倍
$55.5M
营收增速更快
INDI
高出9.0%
-6.5%
两年增速更快
INDI
近两年复合增速
0.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $101.1M | $55.5M |
| 净利润 | $-33.9M | — |
| 毛利率 | 56.7% | 38.0% |
| 营业利润率 | -36.6% | -70.1% |
| 净利率 | -33.5% | — |
| 营收同比 | -6.5% | 2.6% |
| 净利润同比 | -7941.4% | — |
| 每股收益（稀释后） | $-1.75 | — |
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FORRINDI
| Q1 26 | — | $55.5M | ||
| Q4 25 | $101.1M | $58.0M | ||
| Q3 25 | $94.3M | $53.7M | ||
| Q2 25 | $111.7M | $51.6M | ||
| Q1 25 | $89.9M | $54.1M | ||
| Q4 24 | $108.0M | $58.0M | ||
| Q3 24 | $102.5M | $54.0M | ||
| Q2 24 | $121.8M | $52.4M |
净利润FORRINDI
| Q1 26 | — | — | ||
| Q4 25 | $-33.9M | $-31.2M | ||
| Q3 25 | $-2.1M | $-38.3M | ||
| Q2 25 | $3.9M | $-39.0M | ||
| Q1 25 | $-87.3M | $-34.5M | ||
| Q4 24 | $432.0K | $-34.4M | ||
| Q3 24 | $-5.8M | $-49.7M | ||
| Q2 24 | $6.3M | $-19.2M |
毛利率FORRINDI
| Q1 26 | — | 38.0% | ||
| Q4 25 | 56.7% | 37.3% | ||
| Q3 25 | 60.0% | 40.1% | ||
| Q2 25 | 55.5% | 40.6% | ||
| Q1 25 | 55.9% | 41.7% | ||
| Q4 24 | 58.8% | 42.6% | ||
| Q3 24 | 60.5% | 39.3% | ||
| Q2 24 | 57.3% | 42.2% |
营业利润率FORRINDI
| Q1 26 | — | -70.1% | ||
| Q4 25 | -36.6% | -58.5% | ||
| Q3 25 | 4.7% | -71.4% | ||
| Q2 25 | 6.2% | -83.3% | ||
| Q1 25 | -97.5% | -72.0% | ||
| Q4 24 | -0.5% | -58.4% | ||
| Q3 24 | -0.7% | -92.5% | ||
| Q2 24 | 9.3% | -70.0% |
净利率FORRINDI
| Q1 26 | — | — | ||
| Q4 25 | -33.5% | -53.8% | ||
| Q3 25 | -2.3% | -71.3% | ||
| Q2 25 | 3.5% | -75.6% | ||
| Q1 25 | -97.1% | -63.9% | ||
| Q4 24 | 0.4% | -59.2% | ||
| Q3 24 | -5.7% | -92.1% | ||
| Q2 24 | 5.2% | -36.6% |
每股收益（稀释后）FORRINDI
| Q1 26 | — | — | ||
| Q4 25 | $-1.75 | $-0.16 | ||
| Q3 25 | $-0.11 | $-0.19 | ||
| Q2 25 | $0.20 | $-0.20 | ||
| Q1 25 | $-4.62 | $-0.18 | ||
| Q4 24 | $0.02 | $-0.18 | ||
| Q3 24 | $-0.30 | $-0.28 | ||
| Q2 24 | $0.33 | $-0.11 |
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 | $174.4M |
| 总债务越低越好 | — | $402.8M |
| 股东权益账面价值 | $126.5M | $348.9M |
| 总资产 | $404.0M | $869.6M |
| 负债/权益比越低杠杆越低 | — | 1.15× |
8季度趋势，按日历期对齐
现金及短期投资FORRINDI
| Q1 26 | — | $174.4M | ||
| Q4 25 | $63.3M | $145.5M | ||
| Q3 25 | $65.1M | $160.9M | ||
| Q2 25 | $67.8M | $192.6M | ||
| Q1 25 | $75.6M | $236.6M | ||
| Q4 24 | $56.1M | $274.2M | ||
| Q3 24 | $62.8M | $96.9M | ||
| Q2 24 | $58.9M | $112.3M |
总债务FORRINDI
| Q1 26 | — | $402.8M | ||
| Q4 25 | — | $353.4M | ||
| Q3 25 | — | $353.5M | ||
| Q2 25 | — | $352.5M | ||
| Q1 25 | — | $379.0M | ||
| Q4 24 | — | $381.3M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益FORRINDI
| Q1 26 | — | $348.9M | ||
| Q4 25 | $126.5M | $358.0M | ||
| Q3 25 | $157.7M | $369.2M | ||
| Q2 25 | $159.5M | $390.4M | ||
| Q1 25 | $147.4M | $405.6M | ||
| Q4 24 | $229.5M | $417.9M | ||
| Q3 24 | $234.3M | $458.6M | ||
| Q2 24 | $237.1M | $470.7M |
总资产FORRINDI
| Q1 26 | — | $869.6M | ||
| Q4 25 | $404.0M | $840.8M | ||
| Q3 25 | $414.2M | $855.1M | ||
| Q2 25 | $436.0M | $867.6M | ||
| Q1 25 | $439.8M | $909.0M | ||
| Q4 24 | $503.9M | $941.4M | ||
| Q3 24 | $505.3M | $797.5M | ||
| Q2 24 | $524.2M | $797.3M |
负债/权益比FORRINDI
| Q1 26 | — | 1.15× | ||
| Q4 25 | — | 0.99× | ||
| Q3 25 | — | 0.96× | ||
| Q2 25 | — | 0.90× | ||
| Q1 25 | — | 0.93× | ||
| Q4 24 | — | 0.91× | ||
| Q3 24 | — | — | ||
| Q2 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 | — |
| 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FORRINDI
| Q1 26 | — | — | ||
| Q4 25 | $-3.2M | $-14.4M | ||
| Q3 25 | $1.2M | $-6.2M | ||
| Q2 25 | $-3.6M | $-7.6M | ||
| Q1 25 | $26.7M | $-29.0M | ||
| Q4 24 | $-1.8M | $-6.7M | ||
| Q3 24 | $264.0K | $-22.8M | ||
| Q2 24 | $-2.9M | $-19.7M |
自由现金流FORRINDI
| Q1 26 | — | — | ||
| Q4 25 | $-4.3M | $-16.1M | ||
| Q3 25 | $524.0K | $-10.3M | ||
| Q2 25 | $-4.2M | $-13.6M | ||
| Q1 25 | $26.1M | $-31.4M | ||
| Q4 24 | $-2.5M | $-8.6M | ||
| Q3 24 | $-223.0K | $-29.3M | ||
| Q2 24 | $-3.7M | $-23.4M |
自由现金流率FORRINDI
| Q1 26 | — | — | ||
| Q4 25 | -4.2% | -27.8% | ||
| Q3 25 | 0.6% | -19.2% | ||
| Q2 25 | -3.8% | -26.4% | ||
| Q1 25 | 29.0% | -58.0% | ||
| Q4 24 | -2.3% | -14.8% | ||
| Q3 24 | -0.2% | -54.3% | ||
| Q2 24 | -3.1% | -44.7% |
资本支出强度FORRINDI
| Q1 26 | — | — | ||
| Q4 25 | 1.1% | 3.0% | ||
| Q3 25 | 0.7% | 7.8% | ||
| Q2 25 | 0.5% | 11.6% | ||
| Q1 25 | 0.7% | 4.4% | ||
| Q4 24 | 0.6% | 3.2% | ||
| Q3 24 | 0.5% | 12.1% | ||
| Q2 24 | 0.7% | 7.0% |
现金转化率FORRINDI
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | -0.93× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | -4.24× | — | ||
| Q3 24 | — | — | ||
| 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% |
INDI
| Product revenue | $51.6M | 93% |
| Contract revenue | $3.9M | 7% |
