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弗雷斯特研究公司（FORR）与JBG SMITH Properties（JBGS）财务数据对比。点击上方公司名可切换其他公司
JBG SMITH Properties的季度营收约是弗雷斯特研究公司的1.3倍（$127.6M vs $101.1M），弗雷斯特研究公司净利率更高（-33.5% vs -35.7%，领先2.2%），JBG SMITH Properties同比增速更快（-2.5% vs -6.5%），过去两年弗雷斯特研究公司的营收复合增速更高（0.5% vs -6.3%）
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。
JBG SMITH Properties是一家总部位于马里兰州贝塞斯达的上市房地产投资信托公司，专注于持有并运营房地产资产，是美国商业地产领域的专业运营机构，面向市场提供多元化的不动产投资与管理服务。
FORR vs JBGS — 直观对比
营收规模更大
JBGS
是对方的1.3倍
$101.1M
营收增速更快
JBGS
高出4.0%
-6.5%
净利率更高
FORR
高出2.2%
-35.7%
两年增速更快
FORR
近两年复合增速
-6.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $101.1M | $127.6M |
| 净利润 | $-33.9M | $-45.5M |
| 毛利率 | 56.7% | — |
| 营业利润率 | -36.6% | -47.5% |
| 净利率 | -33.5% | -35.7% |
| 营收同比 | -6.5% | -2.5% |
| 净利润同比 | -7941.4% | 24.0% |
| 每股收益（稀释后） | $-1.75 | $-0.76 |
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FORRJBGS
| Q4 25 | $101.1M | $127.6M | ||
| Q3 25 | $94.3M | $123.9M | ||
| Q2 25 | $111.7M | $126.5M | ||
| Q1 25 | $89.9M | $120.7M | ||
| Q4 24 | $108.0M | $130.8M | ||
| Q3 24 | $102.5M | $136.0M | ||
| Q2 24 | $121.8M | $135.3M | ||
| Q1 24 | $100.1M | $145.2M |
净利润FORRJBGS
| Q4 25 | $-33.9M | $-45.5M | ||
| Q3 25 | $-2.1M | $-28.6M | ||
| Q2 25 | $3.9M | $-19.2M | ||
| Q1 25 | $-87.3M | $-45.7M | ||
| Q4 24 | $432.0K | $-59.9M | ||
| Q3 24 | $-5.8M | $-27.0M | ||
| Q2 24 | $6.3M | $-24.4M | ||
| Q1 24 | $-6.7M | $-32.3M |
毛利率FORRJBGS
| 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FORRJBGS
| Q4 25 | -36.6% | -47.5% | ||
| Q3 25 | 4.7% | -27.5% | ||
| Q2 25 | 6.2% | -18.4% | ||
| Q1 25 | -97.5% | -44.7% | ||
| Q4 24 | -0.5% | -53.6% | ||
| Q3 24 | -0.7% | -22.4% | ||
| Q2 24 | 9.3% | -24.3% | ||
| Q1 24 | -9.3% | -30.1% |
净利率FORRJBGS
| Q4 25 | -33.5% | -35.7% | ||
| Q3 25 | -2.3% | -23.1% | ||
| Q2 25 | 3.5% | -15.2% | ||
| Q1 25 | -97.1% | -37.9% | ||
| Q4 24 | 0.4% | -45.8% | ||
| Q3 24 | -5.7% | -19.8% | ||
| Q2 24 | 5.2% | -18.0% | ||
| Q1 24 | -6.7% | -22.2% |
每股收益（稀释后）FORRJBGS
| Q4 25 | $-1.75 | $-0.76 | ||
| Q3 25 | $-0.11 | $-0.48 | ||
| Q2 25 | $0.20 | $-0.29 | ||
| Q1 25 | $-4.62 | $-0.56 | ||
| Q4 24 | $0.02 | $-0.70 | ||
| Q3 24 | $-0.30 | $-0.32 | ||
| Q2 24 | $0.33 | $-0.27 | ||
| Q1 24 | $-0.35 | $-0.36 |
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 | $75.3M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $126.5M | $1.2B |
| 总资产 | $404.0M | $4.4B |
| 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FORRJBGS
| Q4 25 | $63.3M | $75.3M | ||
| Q3 25 | $65.1M | $64.4M | ||
| Q2 25 | $67.8M | $61.4M | ||
| Q1 25 | $75.6M | $81.3M | ||
| Q4 24 | $56.1M | $145.8M | ||
| Q3 24 | $62.8M | $137.0M | ||
| Q2 24 | $58.9M | $163.5M | ||
| Q1 24 | $61.4M | $220.5M |
股东权益FORRJBGS
| Q4 25 | $126.5M | $1.2B | ||
| Q3 25 | $157.7M | $1.2B | ||
| Q2 25 | $159.5M | $1.3B | ||
| Q1 25 | $147.4M | $1.6B | ||
| Q4 24 | $229.5M | $1.8B | ||
| Q3 24 | $234.3M | $1.9B | ||
| Q2 24 | $237.1M | $2.0B | ||
| Q1 24 | $230.9M | $2.1B |
总资产FORRJBGS
| Q4 25 | $404.0M | $4.4B | ||
| Q3 25 | $414.2M | $4.4B | ||
| Q2 25 | $436.0M | $4.5B | ||
| Q1 25 | $439.8M | $4.7B | ||
| Q4 24 | $503.9M | $5.0B | ||
| Q3 24 | $505.3M | $5.2B | ||
| Q2 24 | $524.2M | $5.3B | ||
| Q1 24 | $555.7M | $5.4B |
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 | $73.3M |
| 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FORRJBGS
| Q4 25 | $-3.2M | $73.3M | ||
| Q3 25 | $1.2M | $8.9M | ||
| Q2 25 | $-3.6M | $18.8M | ||
| Q1 25 | $26.7M | $12.9M | ||
| Q4 24 | $-1.8M | $129.4M | ||
| Q3 24 | $264.0K | $26.4M | ||
| Q2 24 | $-2.9M | $23.8M | ||
| Q1 24 | $611.0K | $37.0M |
自由现金流FORRJBGS
| Q4 25 | $-4.3M | — | ||
| Q3 25 | $524.0K | — | ||
| Q2 25 | $-4.2M | — | ||
| Q1 25 | $26.1M | — | ||
| Q4 24 | $-2.5M | — | ||
| Q3 24 | $-223.0K | — | ||
| Q2 24 | $-3.7M | — | ||
| Q1 24 | $-815.0K | — |
自由现金流率FORRJBGS
| Q4 25 | -4.2% | — | ||
| Q3 25 | 0.6% | — | ||
| Q2 25 | -3.8% | — | ||
| Q1 25 | 29.0% | — | ||
| Q4 24 | -2.3% | — | ||
| Q3 24 | -0.2% | — | ||
| Q2 24 | -3.1% | — | ||
| Q1 24 | -0.8% | — |
资本支出强度FORRJBGS
| Q4 25 | 1.1% | — | ||
| Q3 25 | 0.7% | — | ||
| Q2 25 | 0.5% | — | ||
| Q1 25 | 0.7% | — | ||
| Q4 24 | 0.6% | — | ||
| Q3 24 | 0.5% | — | ||
| Q2 24 | 0.7% | — | ||
| Q1 24 | 1.4% | — |
现金转化率FORRJBGS
| 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% |
JBGS
暂无分部数据
