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弗雷斯特研究公司（FORR）与McEwen Inc.（MUX）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McEwen Inc.的1.6倍（$101.1M vs $64.6M），McEwen Inc.净利率更高（59.0% vs -33.5%，领先92.5%），McEwen Inc.同比增速更快（92.8% vs -6.5%），过去两年McEwen Inc.的营收复合增速更高（25.2% 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。
McEwen Inc（股票代码MUX）是一家自然资源企业，主要从事金、银、铜矿产的勘探、开发与生产业务，运营项目分布于南北美洲，秉持可持续负责任的采矿准则，产品面向全球大宗商品市场供应。
FORR vs MUX — 直观对比
营收规模更大
FORR
是对方的1.6倍
$64.6M
营收增速更快
MUX
高出99.2%
-6.5%
净利率更高
MUX
高出92.5%
-33.5%
两年增速更快
MUX
近两年复合增速
0.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $101.1M | $64.6M |
| 净利润 | $-33.9M | $38.1M |
| 毛利率 | 56.7% | 26.9% |
| 营业利润率 | -36.6% | 34.2% |
| 净利率 | -33.5% | 59.0% |
| 营收同比 | -6.5% | 92.8% |
| 净利润同比 | -7941.4% | 563.1% |
| 每股收益（稀释后） | $-1.75 | $0.66 |
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FORRMUX
| Q4 25 | $101.1M | $64.6M | ||
| Q3 25 | $94.3M | $50.5M | ||
| Q2 25 | $111.7M | $46.7M | ||
| Q1 25 | $89.9M | $35.7M | ||
| Q4 24 | $108.0M | $33.5M | ||
| Q3 24 | $102.5M | $52.3M | ||
| Q2 24 | $121.8M | $47.5M | ||
| Q1 24 | $100.1M | $41.2M |
净利润FORRMUX
| Q4 25 | $-33.9M | $38.1M | ||
| Q3 25 | $-2.1M | $-462.0K | ||
| Q2 25 | $3.9M | $3.0M | ||
| Q1 25 | $-87.3M | $-6.3M | ||
| Q4 24 | $432.0K | $-8.2M | ||
| Q3 24 | $-5.8M | $-2.1M | ||
| Q2 24 | $6.3M | $-13.0M | ||
| Q1 24 | $-6.7M | $-20.4M |
毛利率FORRMUX
| Q4 25 | 56.7% | 26.9% | ||
| Q3 25 | 60.0% | 15.5% | ||
| Q2 25 | 55.5% | 26.3% | ||
| Q1 25 | 55.9% | 28.2% | ||
| Q4 24 | 58.8% | 1.1% | ||
| Q3 24 | 60.5% | 26.4% | ||
| Q2 24 | 57.3% | 22.7% | ||
| Q1 24 | 54.9% | 14.6% |
营业利润率FORRMUX
| Q4 25 | -36.6% | 34.2% | ||
| Q3 25 | 4.7% | -16.7% | ||
| Q2 25 | 6.2% | -7.2% | ||
| Q1 25 | -97.5% | -21.4% | ||
| Q4 24 | -0.5% | -43.4% | ||
| Q3 24 | -0.7% | -0.2% | ||
| Q2 24 | 9.3% | -29.4% | ||
| Q1 24 | -9.3% | -53.3% |
净利率FORRMUX
| Q4 25 | -33.5% | 59.0% | ||
| Q3 25 | -2.3% | -0.9% | ||
| Q2 25 | 3.5% | 6.5% | ||
| Q1 25 | -97.1% | -17.6% | ||
| Q4 24 | 0.4% | -24.6% | ||
| Q3 24 | -5.7% | -4.0% | ||
| Q2 24 | 5.2% | -27.4% | ||
| Q1 24 | -6.7% | -49.4% |
每股收益（稀释后）FORRMUX
| Q4 25 | $-1.75 | $0.66 | ||
| Q3 25 | $-0.11 | $-0.01 | ||
| Q2 25 | $0.20 | $0.06 | ||
| Q1 25 | $-4.62 | $-0.12 | ||
| Q4 24 | $0.02 | $-0.15 | ||
| Q3 24 | $-0.30 | $-0.04 | ||
| Q2 24 | $0.33 | $-0.26 | ||
| Q1 24 | $-0.35 | $-0.41 |
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 | $72.1M |
| 总债务越低越好 | — | $126.2M |
| 股东权益账面价值 | $126.5M | $546.2M |
| 总资产 | $404.0M | $820.2M |
| 负债/权益比越低杠杆越低 | — | 0.23× |
8季度趋势，按日历期对齐
现金及短期投资FORRMUX
| Q4 25 | $63.3M | $72.1M | ||
| Q3 25 | $65.1M | $75.4M | ||
| Q2 25 | $67.8M | $69.5M | ||
| Q1 25 | $75.6M | $79.3M | ||
| Q4 24 | $56.1M | $15.3M | ||
| Q3 24 | $62.8M | $30.2M | ||
| Q2 24 | $58.9M | $42.6M | ||
| Q1 24 | $61.4M | $22.0M |
总债务FORRMUX
| Q4 25 | — | $126.2M | ||
| Q3 25 | — | $126.0M | ||
| Q2 25 | — | $125.8M | ||
| Q1 25 | — | $125.5M | ||
| Q4 24 | — | $40.0M | ||
| Q3 24 | — | $31.0M | ||
| Q2 24 | — | $34.0M | ||
| Q1 24 | — | $37.0M |
股东权益FORRMUX
| Q4 25 | $126.5M | $546.2M | ||
| Q3 25 | $157.7M | $488.6M | ||
| Q2 25 | $159.5M | $484.5M | ||
| Q1 25 | $147.4M | $479.8M | ||
| Q4 24 | $229.5M | $495.0M | ||
| Q3 24 | $234.3M | $502.1M | ||
| Q2 24 | $237.1M | $485.2M | ||
| Q1 24 | $230.9M | $482.5M |
总资产FORRMUX
| Q4 25 | $404.0M | $820.2M | ||
| Q3 25 | $414.2M | $747.6M | ||
| Q2 25 | $436.0M | $735.6M | ||
| Q1 25 | $439.8M | $730.6M | ||
| Q4 24 | $503.9M | $664.6M | ||
| Q3 24 | $505.3M | $667.8M | ||
| Q2 24 | $524.2M | $645.1M | ||
| Q1 24 | $555.7M | $638.7M |
负债/权益比FORRMUX
| Q4 25 | — | 0.23× | ||
| Q3 25 | — | 0.26× | ||
| Q2 25 | — | 0.26× | ||
| Q1 25 | — | 0.26× | ||
| Q4 24 | — | 0.08× | ||
| Q3 24 | — | 0.06× | ||
| Q2 24 | — | 0.07× | ||
| Q1 24 | — | 0.08× |
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 | $3.1M |
| 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 | — | 0.08× |
| 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FORRMUX
| Q4 25 | $-3.2M | $3.1M | ||
| Q3 25 | $1.2M | $5.2M | ||
| Q2 25 | $-3.6M | $478.0K | ||
| Q1 25 | $26.7M | $-1.9M | ||
| Q4 24 | $-1.8M | $-1.2M | ||
| Q3 24 | $264.0K | $23.2M | ||
| Q2 24 | $-2.9M | $3.6M | ||
| Q1 24 | $611.0K | $3.9M |
自由现金流FORRMUX
| 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FORRMUX
| 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FORRMUX
| 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FORRMUX
| Q4 25 | — | 0.08× | ||
| Q3 25 | — | — | ||
| Q2 25 | -0.93× | 0.16× | ||
| 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% |
MUX
暂无分部数据
