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弗雷斯特研究公司（FORR）与Jefferson Capital, Inc.（JCAP）财务数据对比。点击上方公司名可切换其他公司
Jefferson Capital, Inc.的季度营收约是弗雷斯特研究公司的1.5倍（$150.8M vs $101.1M），Jefferson Capital, Inc.净利率更高（25.4% vs -33.5%，领先59.0%），Jefferson Capital, Inc.自由现金流更多（$63.0M vs $-4.3M）
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。
GE金融曾是通用电气旗下的金融服务分支，2013年至2021年间，其旗下多个业务单元陆续被出售，其中北美消费金融业务分拆为 Synchrony Financial 最为知名，最终仅保留GE能源金融服务部门，通用电气拆分后该部门被划归GE Vernova。
FORR vs JCAP — 直观对比
营收规模更大
JCAP
是对方的1.5倍
$101.1M
净利率更高
JCAP
高出59.0%
-33.5%
自由现金流更多
JCAP
多$67.3M
$-4.3M
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $101.1M | $150.8M |
| 净利润 | $-33.9M | $38.4M |
| 毛利率 | 56.7% | — |
| 营业利润率 | -36.6% | 46.4% |
| 净利率 | -33.5% | 25.4% |
| 营收同比 | -6.5% | — |
| 净利润同比 | -7941.4% | — |
| 每股收益（稀释后） | $-1.75 | $0.59 |
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FORRJCAP
| Q4 25 | $101.1M | — | ||
| Q3 25 | $94.3M | $150.8M | ||
| Q2 25 | $111.7M | $152.7M | ||
| Q1 25 | $89.9M | — | ||
| Q4 24 | $108.0M | — | ||
| Q3 24 | $102.5M | — | ||
| Q2 24 | $121.8M | — | ||
| Q1 24 | $100.1M | — |
净利润FORRJCAP
| Q4 25 | $-33.9M | — | ||
| Q3 25 | $-2.1M | $38.4M | ||
| Q2 25 | $3.9M | $47.7M | ||
| Q1 25 | $-87.3M | — | ||
| Q4 24 | $432.0K | — | ||
| Q3 24 | $-5.8M | — | ||
| Q2 24 | $6.3M | — | ||
| Q1 24 | $-6.7M | — |
毛利率FORRJCAP
| 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FORRJCAP
| Q4 25 | -36.6% | — | ||
| Q3 25 | 4.7% | 46.4% | ||
| Q2 25 | 6.2% | 56.7% | ||
| Q1 25 | -97.5% | — | ||
| Q4 24 | -0.5% | — | ||
| Q3 24 | -0.7% | — | ||
| Q2 24 | 9.3% | — | ||
| Q1 24 | -9.3% | — |
净利率FORRJCAP
| Q4 25 | -33.5% | — | ||
| Q3 25 | -2.3% | 25.4% | ||
| Q2 25 | 3.5% | 31.2% | ||
| Q1 25 | -97.1% | — | ||
| Q4 24 | 0.4% | — | ||
| Q3 24 | -5.7% | — | ||
| Q2 24 | 5.2% | — | ||
| Q1 24 | -6.7% | — |
每股收益（稀释后）FORRJCAP
| Q4 25 | $-1.75 | — | ||
| Q3 25 | $-0.11 | $0.59 | ||
| Q2 25 | $0.20 | $16.76 | ||
| Q1 25 | $-4.62 | — | ||
| Q4 24 | $0.02 | — | ||
| Q3 24 | $-0.30 | — | ||
| Q2 24 | $0.33 | — | ||
| Q1 24 | $-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 | $42.3M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $126.5M | $437.4M |
| 总资产 | $404.0M | $1.8B |
| 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FORRJCAP
| Q4 25 | $63.3M | — | ||
| Q3 25 | $65.1M | $42.3M | ||
| Q2 25 | $67.8M | $51.7M | ||
| Q1 25 | $75.6M | — | ||
| Q4 24 | $56.1M | — | ||
| Q3 24 | $62.8M | — | ||
| Q2 24 | $58.9M | — | ||
| Q1 24 | $61.4M | — |
股东权益FORRJCAP
| Q4 25 | $126.5M | — | ||
| Q3 25 | $157.7M | $437.4M | ||
| Q2 25 | $159.5M | $410.8M | ||
| Q1 25 | $147.4M | — | ||
| Q4 24 | $229.5M | — | ||
| Q3 24 | $234.3M | — | ||
| Q2 24 | $237.1M | — | ||
| Q1 24 | $230.9M | — |
总资产FORRJCAP
| Q4 25 | $404.0M | — | ||
| Q3 25 | $414.2M | $1.8B | ||
| Q2 25 | $436.0M | $1.8B | ||
| Q1 25 | $439.8M | — | ||
| Q4 24 | $503.9M | — | ||
| Q3 24 | $505.3M | — | ||
| Q2 24 | $524.2M | — | ||
| Q1 24 | $555.7M | — |
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 | $63.1M |
| 自由现金流经营现金流 - 资本支出 | $-4.3M | $63.0M |
| 自由现金流率自由现金流/营收 | -4.2% | 41.7% |
| 资本支出强度资本支出/营收 | 1.1% | 0.1% |
| 现金转化率经营现金流/净利润 | — | 1.64× |
| 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FORRJCAP
| Q4 25 | $-3.2M | — | ||
| Q3 25 | $1.2M | $63.1M | ||
| Q2 25 | $-3.6M | $130.6M | ||
| Q1 25 | $26.7M | — | ||
| Q4 24 | $-1.8M | — | ||
| Q3 24 | $264.0K | — | ||
| Q2 24 | $-2.9M | — | ||
| Q1 24 | $611.0K | — |
自由现金流FORRJCAP
| Q4 25 | $-4.3M | — | ||
| Q3 25 | $524.0K | $63.0M | ||
| Q2 25 | $-4.2M | $130.0M | ||
| 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FORRJCAP
| Q4 25 | -4.2% | — | ||
| Q3 25 | 0.6% | 41.7% | ||
| Q2 25 | -3.8% | 85.1% | ||
| 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FORRJCAP
| Q4 25 | 1.1% | — | ||
| Q3 25 | 0.7% | 0.1% | ||
| Q2 25 | 0.5% | 0.4% | ||
| 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FORRJCAP
| Q4 25 | — | — | ||
| Q3 25 | — | 1.64× | ||
| Q2 25 | -0.93× | 2.74× | ||
| 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% |
JCAP
| United States Segment | $108.1M | 72% |
| Other | $35.8M | 24% |
| United Kingdom Segment | $6.9M | 5% |
