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弗雷斯特研究公司（FORR）与LandBridge Co LLC（LB）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LandBridge Co LLC的1.8倍（$101.1M vs $56.8M），LandBridge Co LLC净利率更高（14.2% vs -33.5%，领先47.7%），LandBridge Co LLC同比增速更快（55.6% vs -6.5%），LandBridge Co LLC自由现金流更多（$122.0M vs $-4.3M），过去两年LandBridge Co LLC的营收复合增速更高（72.8% 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。
FORR vs LB — 直观对比
营收规模更大
FORR
是对方的1.8倍
$56.8M
营收增速更快
LB
高出62.0%
-6.5%
净利率更高
LB
高出47.7%
-33.5%
自由现金流更多
LB
多$126.3M
$-4.3M
两年增速更快
LB
近两年复合增速
0.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $101.1M | $56.8M |
| 净利润 | $-33.9M | $8.1M |
| 毛利率 | 56.7% | — |
| 营业利润率 | -36.6% | 60.0% |
| 净利率 | -33.5% | 14.2% |
| 营收同比 | -6.5% | 55.6% |
| 净利润同比 | -7941.4% | -83.7% |
| 每股收益（稀释后） | $-1.75 | $0.24 |
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FORRLB
| Q4 25 | $101.1M | $56.8M | ||
| Q3 25 | $94.3M | $50.8M | ||
| Q2 25 | $111.7M | $47.5M | ||
| Q1 25 | $89.9M | $44.0M | ||
| Q4 24 | $108.0M | $36.5M | ||
| Q3 24 | $102.5M | $28.5M | ||
| Q2 24 | $121.8M | $26.0M | ||
| Q1 24 | $100.1M | $19.0M |
净利润FORRLB
| Q4 25 | $-33.9M | $8.1M | ||
| Q3 25 | $-2.1M | $8.1M | ||
| Q2 25 | $3.9M | $7.5M | ||
| Q1 25 | $-87.3M | $6.5M | ||
| Q4 24 | $432.0K | $49.3M | ||
| Q3 24 | $-5.8M | $2.7M | ||
| Q2 24 | $6.3M | $-57.7M | ||
| Q1 24 | $-6.7M | $10.8M |
毛利率FORRLB
| 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FORRLB
| Q4 25 | -36.6% | 60.0% | ||
| Q3 25 | 4.7% | 60.8% | ||
| Q2 25 | 6.2% | 60.0% | ||
| Q1 25 | -97.5% | 57.0% | ||
| Q4 24 | -0.5% | 49.4% | ||
| Q3 24 | -0.7% | 11.2% | ||
| Q2 24 | 9.3% | -197.4% | ||
| Q1 24 | -9.3% | 71.1% |
净利率FORRLB
| Q4 25 | -33.5% | 14.2% | ||
| Q3 25 | -2.3% | 15.9% | ||
| Q2 25 | 3.5% | 15.8% | ||
| Q1 25 | -97.1% | 14.7% | ||
| Q4 24 | 0.4% | 135.2% | ||
| Q3 24 | -5.7% | 9.3% | ||
| Q2 24 | 5.2% | -222.1% | ||
| Q1 24 | -6.7% | 56.7% |
每股收益（稀释后）FORRLB
| Q4 25 | $-1.75 | $0.24 | ||
| Q3 25 | $-0.11 | $0.26 | ||
| Q2 25 | $0.20 | $0.24 | ||
| Q1 25 | $-4.62 | $0.20 | ||
| Q4 24 | $0.02 | — | ||
| Q3 24 | $-0.30 | $-0.04 | ||
| 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 | $30.7M |
| 总债务越低越好 | — | $570.7M |
| 股东权益账面价值 | $126.5M | $340.3M |
| 总资产 | $404.0M | $1.4B |
| 负债/权益比越低杠杆越低 | — | 1.68× |
8季度趋势，按日历期对齐
现金及短期投资FORRLB
| Q4 25 | $63.3M | $30.7M | ||
| Q3 25 | $65.1M | $28.3M | ||
| Q2 25 | $67.8M | $20.3M | ||
| Q1 25 | $75.6M | $14.9M | ||
| Q4 24 | $56.1M | $37.0M | ||
| Q3 24 | $62.8M | $14.4M | ||
| Q2 24 | $58.9M | $24.6M | ||
| Q1 24 | $61.4M | — |
总债务FORRLB
| Q4 25 | — | $570.7M | ||
| Q3 25 | — | $366.1M | ||
| Q2 25 | — | $370.9M | ||
| Q1 25 | — | $375.5M | ||
| Q4 24 | — | $385.5M | ||
| Q3 24 | — | $242.4M | ||
| Q2 24 | — | $360.8M | ||
| Q1 24 | — | — |
股东权益FORRLB
| Q4 25 | $126.5M | $340.3M | ||
| Q3 25 | $157.7M | $272.0M | ||
| Q2 25 | $159.5M | $266.4M | ||
| Q1 25 | $147.4M | $217.0M | ||
| Q4 24 | $229.5M | $211.8M | ||
| Q3 24 | $234.3M | $97.2M | ||
| Q2 24 | $237.1M | $296.4M | ||
| Q1 24 | $230.9M | $162.3M |
总资产FORRLB
| Q4 25 | $404.0M | $1.4B | ||
| Q3 25 | $414.2M | $1.1B | ||
| Q2 25 | $436.0M | $1.1B | ||
| Q1 25 | $439.8M | $1.0B | ||
| Q4 24 | $503.9M | $1.0B | ||
| Q3 24 | $505.3M | $689.9M | ||
| Q2 24 | $524.2M | $710.5M | ||
| Q1 24 | $555.7M | — |
负债/权益比FORRLB
| Q4 25 | — | 1.68× | ||
| Q3 25 | — | 1.35× | ||
| Q2 25 | — | 1.39× | ||
| Q1 25 | — | 1.73× | ||
| Q4 24 | — | 1.82× | ||
| Q3 24 | — | 2.49× | ||
| Q2 24 | — | 1.22× | ||
| Q1 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 | $126.3M |
| 自由现金流经营现金流 - 资本支出 | $-4.3M | $122.0M |
| 自由现金流率自由现金流/营收 | -4.2% | 214.9% |
| 资本支出强度资本支出/营收 | 1.1% | 7.5% |
| 现金转化率经营现金流/净利润 | — | 15.68× |
| 过去12个月自由现金流最近4个季度 | $18.1M | $207.7M |
8季度趋势，按日历期对齐
经营现金流FORRLB
| Q4 25 | $-3.2M | $126.3M | ||
| Q3 25 | $1.2M | $34.9M | ||
| Q2 25 | $-3.6M | $37.3M | ||
| Q1 25 | $26.7M | $15.9M | ||
| Q4 24 | $-1.8M | $67.6M | ||
| Q3 24 | $264.0K | $7.5M | ||
| Q2 24 | $-2.9M | $16.0M | ||
| Q1 24 | $611.0K | $17.2M |
自由现金流FORRLB
| Q4 25 | $-4.3M | $122.0M | ||
| Q3 25 | $524.0K | $33.7M | ||
| Q2 25 | $-4.2M | $36.1M | ||
| Q1 25 | $26.1M | $15.8M | ||
| Q4 24 | $-2.5M | $66.7M | ||
| Q3 24 | $-223.0K | $7.1M | ||
| Q2 24 | $-3.7M | $15.7M | ||
| Q1 24 | $-815.0K | $17.1M |
自由现金流率FORRLB
| Q4 25 | -4.2% | 214.9% | ||
| Q3 25 | 0.6% | 66.3% | ||
| Q2 25 | -3.8% | 75.9% | ||
| Q1 25 | 29.0% | 36.0% | ||
| Q4 24 | -2.3% | 182.6% | ||
| Q3 24 | -0.2% | 25.1% | ||
| Q2 24 | -3.1% | 60.4% | ||
| Q1 24 | -0.8% | 90.1% |
资本支出强度FORRLB
| Q4 25 | 1.1% | 7.5% | ||
| Q3 25 | 0.7% | 2.3% | ||
| Q2 25 | 0.5% | 2.6% | ||
| Q1 25 | 0.7% | 0.2% | ||
| Q4 24 | 0.6% | 2.7% | ||
| Q3 24 | 0.5% | 1.1% | ||
| Q2 24 | 0.7% | 1.4% | ||
| Q1 24 | 1.4% | 0.5% |
现金转化率FORRLB
| Q4 25 | — | 15.68× | ||
| Q3 25 | — | 4.31× | ||
| Q2 25 | -0.93× | 4.98× | ||
| Q1 25 | — | 2.46× | ||
| Q4 24 | -4.24× | 1.37× | ||
| Q3 24 | — | 2.80× | ||
| Q2 24 | -0.46× | — | ||
| Q1 24 | — | 1.60× |
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% |
LB
暂无分部数据
