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弗雷斯特研究公司（FORR）与MFA FINANCIAL, INC.（MFA）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MFA FINANCIAL, INC.的1.8倍（$101.1M vs $55.5M），MFA FINANCIAL, INC.同比增速更快（9.2% vs -6.5%），过去两年MFA FINANCIAL, INC.的营收复合增速更高（7.7% 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。
MFA Financial是总部位于美国的房地产投资信托（REIT），核心业务为投资及管理住宅与商业抵押贷款支持证券、抵押贷款及其他不动产相关金融资产，面向美国本土机构和个人投资者，通过审慎的资产筛选与风控机制追求稳定的经风险调整后收益。
FORR vs MFA — 直观对比
营收规模更大
FORR
是对方的1.8倍
$55.5M
营收增速更快
MFA
高出15.7%
-6.5%
两年增速更快
MFA
近两年复合增速
0.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $101.1M | $55.5M |
| 净利润 | $-33.9M | — |
| 毛利率 | 56.7% | — |
| 营业利润率 | -36.6% | 97.9% |
| 净利率 | -33.5% | — |
| 营收同比 | -6.5% | 9.2% |
| 净利润同比 | -7941.4% | — |
| 每股收益（稀释后） | $-1.75 | $0.43 |
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FORRMFA
| Q4 25 | $101.1M | $55.5M | ||
| Q3 25 | $94.3M | $56.8M | ||
| Q2 25 | $111.7M | $61.3M | ||
| Q1 25 | $89.9M | $57.5M | ||
| Q4 24 | $108.0M | $50.8M | ||
| Q3 24 | $102.5M | $50.6M | ||
| Q2 24 | $121.8M | $53.5M | ||
| Q1 24 | $100.1M | $47.8M |
净利润FORRMFA
| Q4 25 | $-33.9M | — | ||
| Q3 25 | $-2.1M | $48.1M | ||
| Q2 25 | $3.9M | $33.2M | ||
| Q1 25 | $-87.3M | $41.2M | ||
| Q4 24 | $432.0K | — | ||
| Q3 24 | $-5.8M | $48.2M | ||
| Q2 24 | $6.3M | $41.9M | ||
| Q1 24 | $-6.7M | $23.2M |
毛利率FORRMFA
| 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FORRMFA
| Q4 25 | -36.6% | 97.9% | ||
| Q3 25 | 4.7% | 84.5% | ||
| Q2 25 | 6.2% | 54.5% | ||
| Q1 25 | -97.5% | 70.0% | ||
| Q4 24 | -0.5% | 6.8% | ||
| Q3 24 | -0.7% | 98.2% | ||
| Q2 24 | 9.3% | 79.1% | ||
| Q1 24 | -9.3% | 50.7% |
净利率FORRMFA
| Q4 25 | -33.5% | — | ||
| Q3 25 | -2.3% | 84.7% | ||
| Q2 25 | 3.5% | 54.2% | ||
| Q1 25 | -97.1% | 71.6% | ||
| Q4 24 | 0.4% | — | ||
| Q3 24 | -5.7% | 95.2% | ||
| Q2 24 | 5.2% | 78.4% | ||
| Q1 24 | -6.7% | 48.5% |
每股收益（稀释后）FORRMFA
| Q4 25 | $-1.75 | $0.43 | ||
| Q3 25 | $-0.11 | $0.35 | ||
| Q2 25 | $0.20 | $0.21 | ||
| Q1 25 | $-4.62 | $0.31 | ||
| Q4 24 | $0.02 | $-0.01 | ||
| Q3 24 | $-0.30 | $0.37 | ||
| Q2 24 | $0.33 | $0.32 | ||
| Q1 24 | $-0.35 | $0.14 |
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 | $213.2M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $126.5M | $1.8B |
| 总资产 | $404.0M | $13.0B |
| 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FORRMFA
| Q4 25 | $63.3M | $213.2M | ||
| Q3 25 | $65.1M | $305.2M | ||
| Q2 25 | $67.8M | $275.7M | ||
| Q1 25 | $75.6M | $253.7M | ||
| Q4 24 | $56.1M | $338.9M | ||
| Q3 24 | $62.8M | $305.6M | ||
| Q2 24 | $58.9M | $289.4M | ||
| Q1 24 | $61.4M | $306.3M |
股东权益FORRMFA
| Q4 25 | $126.5M | $1.8B | ||
| Q3 25 | $157.7M | $1.8B | ||
| Q2 25 | $159.5M | $1.8B | ||
| Q1 25 | $147.4M | $1.8B | ||
| Q4 24 | $229.5M | $1.8B | ||
| Q3 24 | $234.3M | $1.9B | ||
| Q2 24 | $237.1M | $1.9B | ||
| Q1 24 | $230.9M | $1.9B |
总资产FORRMFA
| Q4 25 | $404.0M | $13.0B | ||
| Q3 25 | $414.2M | $12.1B | ||
| Q2 25 | $436.0M | $11.7B | ||
| Q1 25 | $439.8M | $11.5B | ||
| Q4 24 | $503.9M | $11.4B | ||
| Q3 24 | $505.3M | $11.2B | ||
| Q2 24 | $524.2M | $11.1B | ||
| Q1 24 | $555.7M | $10.9B |
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 | $76.2M |
| 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FORRMFA
| Q4 25 | $-3.2M | $76.2M | ||
| Q3 25 | $1.2M | $14.7M | ||
| Q2 25 | $-3.6M | $38.5M | ||
| Q1 25 | $26.7M | $-14.6M | ||
| Q4 24 | $-1.8M | $200.1M | ||
| Q3 24 | $264.0K | $-11.3M | ||
| Q2 24 | $-2.9M | $46.5M | ||
| Q1 24 | $611.0K | $53.5M |
自由现金流FORRMFA
| 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FORRMFA
| 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FORRMFA
| 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FORRMFA
| Q4 25 | — | — | ||
| Q3 25 | — | 0.31× | ||
| Q2 25 | -0.93× | 1.16× | ||
| Q1 25 | — | -0.35× | ||
| Q4 24 | -4.24× | — | ||
| Q3 24 | — | -0.23× | ||
| Q2 24 | -0.46× | 1.11× | ||
| Q1 24 | — | 2.30× |
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% |
MFA
暂无分部数据
