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弗雷斯特研究公司（FORR）与莱夫 Nation 娱乐（LIVE）财务数据对比。点击上方公司名可切换其他公司
莱夫 Nation 娱乐的季度营收约是弗雷斯特研究公司的1.1倍（$108.5M vs $101.1M），莱夫 Nation 娱乐净利率更高（-0.1% vs -33.5%，领先33.5%），莱夫 Nation 娱乐同比增速更快（-2.7% vs -6.5%），莱夫 Nation 娱乐自由现金流更多（$8.5M 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 -4.3%）
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。
Live Nation Entertainment是一家美国跨国娱乐企业，2010年由Live Nation与Ticketmaster合并而成。目前两大品牌均作为子品牌运营，在全球范围内推广现场娱乐活动并提供票务销售服务，同时还自营多处娱乐场馆，并为音乐人提供艺人经纪服务。
FORR vs LIVE — 直观对比
营收规模更大
LIVE
是对方的1.1倍
$101.1M
营收增速更快
LIVE
高出3.8%
-6.5%
净利率更高
LIVE
高出33.5%
-33.5%
自由现金流更多
LIVE
多$12.8M
$-4.3M
两年增速更快
FORR
近两年复合增速
-4.3%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $101.1M | $108.5M |
| 净利润 | $-33.9M | $-64.0K |
| 毛利率 | 56.7% | 32.6% |
| 营业利润率 | -36.6% | 3.2% |
| 净利率 | -33.5% | -0.1% |
| 营收同比 | -6.5% | -2.7% |
| 净利润同比 | -7941.4% | -113.0% |
| 每股收益（稀释后） | $-1.75 | $-0.02 |
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FORRLIVE
| Q4 25 | $101.1M | $108.5M | ||
| Q3 25 | $94.3M | $113.9M | ||
| Q2 25 | $111.7M | $112.5M | ||
| Q1 25 | $89.9M | $107.0M | ||
| Q4 24 | $108.0M | $111.5M | ||
| Q3 24 | $102.5M | $112.7M | ||
| Q2 24 | $121.8M | $123.9M | ||
| Q1 24 | $100.1M | $118.6M |
净利润FORRLIVE
| Q4 25 | $-33.9M | $-64.0K | ||
| Q3 25 | $-2.1M | $997.0K | ||
| Q2 25 | $3.9M | $5.4M | ||
| Q1 25 | $-87.3M | $15.9M | ||
| Q4 24 | $432.0K | $492.0K | ||
| Q3 24 | $-5.8M | $-19.9M | ||
| Q2 24 | $6.3M | $-2.9M | ||
| Q1 24 | $-6.7M | $-3.3M |
毛利率FORRLIVE
| Q4 25 | 56.7% | 32.6% | ||
| Q3 25 | 60.0% | 32.4% | ||
| Q2 25 | 55.5% | 34.0% | ||
| Q1 25 | 55.9% | 32.8% | ||
| Q4 24 | 58.8% | 31.7% | ||
| Q3 24 | 60.5% | 31.9% | ||
| Q2 24 | 57.3% | 29.9% | ||
| Q1 24 | 54.9% | 29.9% |
营业利润率FORRLIVE
| Q4 25 | -36.6% | 3.2% | ||
| Q3 25 | 4.7% | 3.3% | ||
| Q2 25 | 6.2% | 7.1% | ||
| Q1 25 | -97.5% | 2.0% | ||
| Q4 24 | -0.5% | 0.7% | ||
| Q3 24 | -0.7% | -15.5% | ||
| Q2 24 | 9.3% | 0.9% | ||
| Q1 24 | -9.3% | -0.7% |
净利率FORRLIVE
| Q4 25 | -33.5% | -0.1% | ||
| Q3 25 | -2.3% | 0.9% | ||
| Q2 25 | 3.5% | 4.8% | ||
| Q1 25 | -97.1% | 14.8% | ||
| Q4 24 | 0.4% | 0.4% | ||
| Q3 24 | -5.7% | -17.6% | ||
| Q2 24 | 5.2% | -2.3% | ||
| Q1 24 | -6.7% | -2.8% |
每股收益（稀释后）FORRLIVE
| Q4 25 | $-1.75 | $-0.02 | ||
| Q3 25 | $-0.11 | $-1.52 | ||
| Q2 25 | $0.20 | $1.24 | ||
| Q1 25 | $-4.62 | $5.05 | ||
| Q4 24 | $0.02 | $0.16 | ||
| Q3 24 | $-0.30 | $-6.31 | ||
| Q2 24 | $0.33 | $-0.91 | ||
| Q1 24 | $-0.35 | $-1.04 |
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 | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $126.5M | $95.3M |
| 总资产 | $404.0M | $389.2M |
| 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FORRLIVE
| Q4 25 | $63.3M | — | ||
| Q3 25 | $65.1M | — | ||
| Q2 25 | $67.8M | — | ||
| Q1 25 | $75.6M | — | ||
| Q4 24 | $56.1M | — | ||
| Q3 24 | $62.8M | — | ||
| Q2 24 | $58.9M | — | ||
| Q1 24 | $61.4M | — |
股东权益FORRLIVE
| Q4 25 | $126.5M | $95.3M | ||
| Q3 25 | $157.7M | $95.3M | ||
| Q2 25 | $159.5M | $94.3M | ||
| Q1 25 | $147.4M | $88.9M | ||
| Q4 24 | $229.5M | $73.3M | ||
| Q3 24 | $234.3M | $72.9M | ||
| Q2 24 | $237.1M | $92.7M | ||
| Q1 24 | $230.9M | $95.9M |
总资产FORRLIVE
| Q4 25 | $404.0M | $389.2M | ||
| Q3 25 | $414.2M | $386.4M | ||
| Q2 25 | $436.0M | $387.5M | ||
| Q1 25 | $439.8M | $393.6M | ||
| Q4 24 | $503.9M | $395.5M | ||
| Q3 24 | $505.3M | $407.5M | ||
| Q2 24 | $524.2M | $436.8M | ||
| Q1 24 | $555.7M | $433.9M |
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 | $9.8M |
| 自由现金流经营现金流 - 资本支出 | $-4.3M | $8.5M |
| 自由现金流率自由现金流/营收 | -4.2% | 7.8% |
| 资本支出强度资本支出/营收 | 1.1% | 1.2% |
| 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 | $21.9M |
8季度趋势，按日历期对齐
经营现金流FORRLIVE
| Q4 25 | $-3.2M | $9.8M | ||
| Q3 25 | $1.2M | $6.8M | ||
| Q2 25 | $-3.6M | $12.3M | ||
| Q1 25 | $26.7M | $231.0K | ||
| Q4 24 | $-1.8M | $9.4M | ||
| Q3 24 | $264.0K | $6.7M | ||
| Q2 24 | $-2.9M | $11.7M | ||
| Q1 24 | $611.0K | $-5.7M |
自由现金流FORRLIVE
| Q4 25 | $-4.3M | $8.5M | ||
| Q3 25 | $524.0K | $4.8M | ||
| Q2 25 | $-4.2M | $10.8M | ||
| Q1 25 | $26.1M | $-2.3M | ||
| Q4 24 | $-2.5M | $7.6M | ||
| Q3 24 | $-223.0K | $3.3M | ||
| Q2 24 | $-3.7M | $10.1M | ||
| Q1 24 | $-815.0K | $-7.5M |
自由现金流率FORRLIVE
| Q4 25 | -4.2% | 7.8% | ||
| Q3 25 | 0.6% | 4.2% | ||
| Q2 25 | -3.8% | 9.6% | ||
| Q1 25 | 29.0% | -2.1% | ||
| Q4 24 | -2.3% | 6.8% | ||
| Q3 24 | -0.2% | 2.9% | ||
| Q2 24 | -3.1% | 8.2% | ||
| Q1 24 | -0.8% | -6.3% |
资本支出强度FORRLIVE
| Q4 25 | 1.1% | 1.2% | ||
| Q3 25 | 0.7% | 1.7% | ||
| Q2 25 | 0.5% | 1.3% | ||
| Q1 25 | 0.7% | 2.3% | ||
| Q4 24 | 0.6% | 1.6% | ||
| Q3 24 | 0.5% | 3.1% | ||
| Q2 24 | 0.7% | 1.3% | ||
| Q1 24 | 1.4% | 1.4% |
现金转化率FORRLIVE
| Q4 25 | — | — | ||
| Q3 25 | — | 6.78× | ||
| Q2 25 | -0.93× | 2.28× | ||
| Q1 25 | — | 0.01× | ||
| Q4 24 | -4.24× | 19.11× | ||
| 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% |
LIVE
| Steel Manufacturing Segment | $31.9M | 29% |
| Flooring Manufacturing Segment | $28.9M | 27% |
| Retail Flooring Segment | $25.3M | 23% |
| Retail Entertainment Segment | $23.6M | 22% |
