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弗雷斯特研究公司（FORR）与Inogen Inc（INGN）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Inogen Inc的1.5倍（$101.1M vs $68.6M），Inogen Inc同比增速更快（3.4% vs -6.5%），Inogen Inc自由现金流更多（$-1.9M vs $-4.3M），过去两年Inogen Inc的营收复合增速更高（4.2% 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。
Inogen Inc是一家专注于呼吸医疗设备领域的医疗科技企业，主要研发、生产和销售便携式制氧机及配套呼吸护理产品，面向北美、欧洲等地区需要长期氧疗的慢性呼吸系统疾病患者，服务居家及出行场景，提升用户生活质量。
FORR vs INGN — 直观对比
营收规模更大
FORR
是对方的1.5倍
$68.6M
营收增速更快
INGN
高出9.9%
-6.5%
自由现金流更多
INGN
多$2.4M
$-4.3M
两年增速更快
INGN
近两年复合增速
0.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $101.1M | $68.6M |
| 净利润 | $-33.9M | — |
| 毛利率 | 56.7% | 51.4% |
| 营业利润率 | -36.6% | -13.6% |
| 净利率 | -33.5% | — |
| 营收同比 | -6.5% | 3.4% |
| 净利润同比 | -7941.4% | — |
| 每股收益（稀释后） | $-1.75 | $-0.26 |
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FORRINGN
| Q4 25 | $101.1M | $68.6M | ||
| Q3 25 | $94.3M | $79.1M | ||
| Q2 25 | $111.7M | $79.2M | ||
| Q1 25 | $89.9M | $68.5M | ||
| Q4 24 | $108.0M | $66.3M | ||
| Q3 24 | $102.5M | $74.9M | ||
| Q2 24 | $121.8M | $74.4M | ||
| Q1 24 | $100.1M | $63.1M |
净利润FORRINGN
| Q4 25 | $-33.9M | — | ||
| Q3 25 | $-2.1M | $-5.3M | ||
| Q2 25 | $3.9M | $-4.2M | ||
| Q1 25 | $-87.3M | $-6.2M | ||
| Q4 24 | $432.0K | — | ||
| Q3 24 | $-5.8M | $-6.0M | ||
| Q2 24 | $6.3M | $-5.6M | ||
| Q1 24 | $-6.7M | $-14.6M |
毛利率FORRINGN
| Q4 25 | 56.7% | 51.4% | ||
| Q3 25 | 60.0% | 52.2% | ||
| Q2 25 | 55.5% | 52.2% | ||
| Q1 25 | 55.9% | 53.1% | ||
| Q4 24 | 58.8% | 54.7% | ||
| Q3 24 | 60.5% | 55.2% | ||
| Q2 24 | 57.3% | 57.4% | ||
| Q1 24 | 54.9% | 54.5% |
营业利润率FORRINGN
| Q4 25 | -36.6% | -13.6% | ||
| Q3 25 | 4.7% | -9.0% | ||
| Q2 25 | 6.2% | -7.7% | ||
| Q1 25 | -97.5% | -11.2% | ||
| Q4 24 | -0.5% | -17.2% | ||
| Q3 24 | -0.7% | -10.4% | ||
| Q2 24 | 9.3% | -9.5% | ||
| Q1 24 | -9.3% | -25.8% |
净利率FORRINGN
| Q4 25 | -33.5% | — | ||
| Q3 25 | -2.3% | -6.7% | ||
| Q2 25 | 3.5% | -5.2% | ||
| Q1 25 | -97.1% | -9.0% | ||
| Q4 24 | 0.4% | — | ||
| Q3 24 | -5.7% | -8.0% | ||
| Q2 24 | 5.2% | -7.5% | ||
| Q1 24 | -6.7% | -23.1% |
每股收益（稀释后）FORRINGN
| Q4 25 | $-1.75 | $-0.26 | ||
| Q3 25 | $-0.11 | $-0.20 | ||
| Q2 25 | $0.20 | $-0.15 | ||
| Q1 25 | $-4.62 | $-0.25 | ||
| Q4 24 | $0.02 | $-0.41 | ||
| Q3 24 | $-0.30 | $-0.25 | ||
| Q2 24 | $0.33 | $-0.24 | ||
| Q1 24 | $-0.35 | $-0.62 |
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 | $103.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $126.5M | $192.2M |
| 总资产 | $404.0M | $298.6M |
| 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FORRINGN
| Q4 25 | $63.3M | $103.7M | ||
| Q3 25 | $65.1M | $106.5M | ||
| Q2 25 | $67.8M | $103.7M | ||
| Q1 25 | $75.6M | $118.9M | ||
| Q4 24 | $56.1M | $113.8M | ||
| Q3 24 | $62.8M | $105.7M | ||
| Q2 24 | $58.9M | $97.9M | ||
| Q1 24 | $61.4M | $107.4M |
股东权益FORRINGN
| Q4 25 | $126.5M | $192.2M | ||
| Q3 25 | $157.7M | $197.2M | ||
| Q2 25 | $159.5M | $199.5M | ||
| Q1 25 | $147.4M | $198.0M | ||
| Q4 24 | $229.5M | $173.9M | ||
| Q3 24 | $234.3M | $185.4M | ||
| Q2 24 | $237.1M | $187.6M | ||
| Q1 24 | $230.9M | $191.9M |
总资产FORRINGN
| Q4 25 | $404.0M | $298.6M | ||
| Q3 25 | $414.2M | $307.0M | ||
| Q2 25 | $436.0M | $312.0M | ||
| Q1 25 | $439.8M | $308.4M | ||
| Q4 24 | $503.9M | $296.2M | ||
| Q3 24 | $505.3M | $306.2M | ||
| Q2 24 | $524.2M | $308.9M | ||
| Q1 24 | $555.7M | $315.6M |
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 | $-943.0K |
| 自由现金流经营现金流 - 资本支出 | $-4.3M | $-1.9M |
| 自由现金流率自由现金流/营收 | -4.2% | -2.8% |
| 资本支出强度资本支出/营收 | 1.1% | 1.4% |
| 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 | $-13.7M |
8季度趋势，按日历期对齐
经营现金流FORRINGN
| Q4 25 | $-3.2M | $-943.0K | ||
| Q3 25 | $1.2M | $2.2M | ||
| Q2 25 | $-3.6M | $4.3M | ||
| Q1 25 | $26.7M | $-16.8M | ||
| Q4 24 | $-1.8M | $-3.0M | ||
| Q3 24 | $264.0K | $7.0M | ||
| Q2 24 | $-2.9M | $6.7M | ||
| Q1 24 | $611.0K | $-4.7M |
自由现金流FORRINGN
| Q4 25 | $-4.3M | $-1.9M | ||
| Q3 25 | $524.0K | $1.6M | ||
| Q2 25 | $-4.2M | $3.7M | ||
| Q1 25 | $26.1M | $-17.1M | ||
| Q4 24 | $-2.5M | $-3.3M | ||
| Q3 24 | $-223.0K | $5.3M | ||
| Q2 24 | $-3.7M | $6.6M | ||
| Q1 24 | $-815.0K | $-6.1M |
自由现金流率FORRINGN
| Q4 25 | -4.2% | -2.8% | ||
| Q3 25 | 0.6% | 2.0% | ||
| Q2 25 | -3.8% | 4.6% | ||
| Q1 25 | 29.0% | -24.9% | ||
| Q4 24 | -2.3% | -5.0% | ||
| Q3 24 | -0.2% | 7.1% | ||
| Q2 24 | -3.1% | 8.9% | ||
| Q1 24 | -0.8% | -9.6% |
资本支出强度FORRINGN
| Q4 25 | 1.1% | 1.4% | ||
| Q3 25 | 0.7% | 0.7% | ||
| Q2 25 | 0.5% | 0.9% | ||
| Q1 25 | 0.7% | 0.4% | ||
| Q4 24 | 0.6% | 0.5% | ||
| Q3 24 | 0.5% | 2.2% | ||
| Q2 24 | 0.7% | 0.1% | ||
| Q1 24 | 1.4% | 2.1% |
现金转化率FORRINGN
| 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% |
INGN
| Other | $36.1M | 53% |
| Non Us | $32.5M | 47% |
