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弗雷斯特研究公司（FORR）与KORE Group Holdings, Inc.（KORE）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KORE Group Holdings, Inc.的1.4倍（$101.1M vs $73.9M），KORE Group Holdings, Inc.净利率更高（-25.0% vs -33.5%，领先8.5%），KORE Group Holdings, Inc.同比增速更快（0.7% vs -6.5%），KORE Group Holdings, Inc.自由现金流更多（$9.4M vs $-4.3M），过去两年弗雷斯特研究公司的营收复合增速更高（0.5% vs -1.4%）
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。
KORE Wireless是一家上市物联网连接服务商，提供物联网连接、托管服务及相关解决方案，业务覆盖医疗健康、物流、车队管理、公用事业、工业自动化等多个领域，目前在全球拥有超过2000万活跃连接数。
FORR vs KORE — 直观对比
营收规模更大
FORR
是对方的1.4倍
$73.9M
营收增速更快
KORE
高出7.2%
-6.5%
净利率更高
KORE
高出8.5%
-33.5%
自由现金流更多
KORE
多$13.7M
$-4.3M
两年增速更快
FORR
近两年复合增速
-1.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $101.1M | $73.9M |
| 净利润 | $-33.9M | $-18.5M |
| 毛利率 | 56.7% | — |
| 营业利润率 | -36.6% | -0.8% |
| 净利率 | -33.5% | -25.0% |
| 营收同比 | -6.5% | 0.7% |
| 净利润同比 | -7941.4% | 27.4% |
| 每股收益（稀释后） | $-1.75 | $-0.92 |
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FORRKORE
| Q4 25 | $101.1M | $73.9M | ||
| Q3 25 | $94.3M | $68.7M | ||
| Q2 25 | $111.7M | $71.3M | ||
| Q1 25 | $89.9M | $72.1M | ||
| Q4 24 | $108.0M | $73.3M | ||
| Q3 24 | $102.5M | $68.9M | ||
| Q2 24 | $121.8M | $67.9M | ||
| Q1 24 | $100.1M | $76.0M |
净利润FORRKORE
| Q4 25 | $-33.9M | $-18.5M | ||
| Q3 25 | $-2.1M | $-12.7M | ||
| Q2 25 | $3.9M | $-16.9M | ||
| Q1 25 | $-87.3M | $-14.9M | ||
| Q4 24 | $432.0K | $-25.4M | ||
| Q3 24 | $-5.8M | $-19.4M | ||
| Q2 24 | $6.3M | $-83.6M | ||
| Q1 24 | $-6.7M | $-17.6M |
毛利率FORRKORE
| 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FORRKORE
| Q4 25 | -36.6% | -0.8% | ||
| Q3 25 | 4.7% | -6.1% | ||
| Q2 25 | 6.2% | -7.3% | ||
| Q1 25 | -97.5% | -3.4% | ||
| Q4 24 | -0.5% | -17.8% | ||
| Q3 24 | -0.7% | -8.2% | ||
| Q2 24 | 9.3% | -113.0% | ||
| Q1 24 | -9.3% | -9.7% |
净利率FORRKORE
| Q4 25 | -33.5% | -25.0% | ||
| Q3 25 | -2.3% | -18.5% | ||
| Q2 25 | 3.5% | -23.7% | ||
| Q1 25 | -97.1% | -20.7% | ||
| Q4 24 | 0.4% | -34.7% | ||
| Q3 24 | -5.7% | -28.2% | ||
| Q2 24 | 5.2% | -123.2% | ||
| Q1 24 | -6.7% | -23.1% |
每股收益（稀释后）FORRKORE
| Q4 25 | $-1.75 | $-0.92 | ||
| Q3 25 | $-0.11 | $-0.64 | ||
| Q2 25 | $0.20 | $-0.86 | ||
| Q1 25 | $-4.62 | $-0.77 | ||
| Q4 24 | $0.02 | $-1.29 | ||
| Q3 24 | $-0.30 | $-1.00 | ||
| Q2 24 | $0.33 | $-4.37 | ||
| Q1 24 | $-0.35 | $-0.93 |
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 | $26.7M |
| 总债务越低越好 | — | $301.3M |
| 股东权益账面价值 | $126.5M | $-163.8M |
| 总资产 | $404.0M | $410.5M |
| 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FORRKORE
| Q4 25 | $63.3M | $26.7M | ||
| Q3 25 | $65.1M | $19.3M | ||
| Q2 25 | $67.8M | $21.0M | ||
| Q1 25 | $75.6M | $19.7M | ||
| Q4 24 | $56.1M | $19.4M | ||
| Q3 24 | $62.8M | $18.6M | ||
| Q2 24 | $58.9M | $22.3M | ||
| Q1 24 | $61.4M | $23.0M |
总债务FORRKORE
| Q4 25 | — | $301.3M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $303.1M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益FORRKORE
| Q4 25 | $126.5M | $-163.8M | ||
| Q3 25 | $157.7M | $-145.7M | ||
| Q2 25 | $159.5M | $-133.5M | ||
| Q1 25 | $147.4M | $-114.9M | ||
| Q4 24 | $229.5M | $-99.6M | ||
| Q3 24 | $234.3M | $-77.2M | ||
| Q2 24 | $237.1M | $-57.2M | ||
| Q1 24 | $230.9M | $22.3M |
总资产FORRKORE
| Q4 25 | $404.0M | $410.5M | ||
| Q3 25 | $414.2M | $423.4M | ||
| Q2 25 | $436.0M | $432.9M | ||
| Q1 25 | $439.8M | $445.1M | ||
| Q4 24 | $503.9M | $455.8M | ||
| Q3 24 | $505.3M | $473.9M | ||
| Q2 24 | $524.2M | $487.7M | ||
| Q1 24 | $555.7M | $576.6M |
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 | $10.4M |
| 自由现金流经营现金流 - 资本支出 | $-4.3M | $9.4M |
| 自由现金流率自由现金流/营收 | -4.2% | 12.7% |
| 资本支出强度资本支出/营收 | 1.1% | 1.5% |
| 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 | $15.8M |
8季度趋势，按日历期对齐
经营现金流FORRKORE
| Q4 25 | $-3.2M | $10.4M | ||
| Q3 25 | $1.2M | $1.1M | ||
| Q2 25 | $-3.6M | $4.1M | ||
| Q1 25 | $26.7M | $2.9M | ||
| Q4 24 | $-1.8M | $2.1M | ||
| Q3 24 | $264.0K | $1.2M | ||
| Q2 24 | $-2.9M | $4.0M | ||
| Q1 24 | $611.0K | $1.9M |
自由现金流FORRKORE
| Q4 25 | $-4.3M | $9.4M | ||
| Q3 25 | $524.0K | $879.0K | ||
| Q2 25 | $-4.2M | $2.8M | ||
| Q1 25 | $26.1M | $2.7M | ||
| Q4 24 | $-2.5M | $2.0M | ||
| Q3 24 | $-223.0K | $973.0K | ||
| Q2 24 | $-3.7M | $3.1M | ||
| Q1 24 | $-815.0K | $1.0M |
自由现金流率FORRKORE
| Q4 25 | -4.2% | 12.7% | ||
| Q3 25 | 0.6% | 1.3% | ||
| Q2 25 | -3.8% | 4.0% | ||
| Q1 25 | 29.0% | 3.8% | ||
| Q4 24 | -2.3% | 2.7% | ||
| Q3 24 | -0.2% | 1.4% | ||
| Q2 24 | -3.1% | 4.6% | ||
| Q1 24 | -0.8% | 1.4% |
资本支出强度FORRKORE
| Q4 25 | 1.1% | 1.5% | ||
| Q3 25 | 0.7% | 0.3% | ||
| Q2 25 | 0.5% | 1.8% | ||
| Q1 25 | 0.7% | 0.2% | ||
| Q4 24 | 0.6% | 0.1% | ||
| Q3 24 | 0.5% | 0.3% | ||
| Q2 24 | 0.7% | 1.3% | ||
| Q1 24 | 1.4% | 1.2% |
现金转化率FORRKORE
| 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% |
KORE
| Io T Connectivity And Solutions Services | $55.9M | 76% |
| Hardware Sales | $15.4M | 21% |
| Deployment Services Professional Services Referral Services And Other | $2.5M | 3% |
