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弗雷斯特研究公司（FORR）与NOODLES & Co（NDLS）财务数据对比。点击上方公司名可切换其他公司
NOODLES & Co的季度营收约是弗雷斯特研究公司的1.2倍（$122.1M vs $101.1M），NOODLES & Co净利率更高（-7.5% vs -33.5%，领先26.0%），NOODLES & Co同比增速更快（-4.1% vs -6.5%），NOODLES & Co自由现金流更多（$-2.8M 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 -1.2%）
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。
Noodles & Company是源自美国的休闲快餐连锁品牌，主打融合多国风味及美式特色的面条菜品，同时也供应汤品和沙拉。品牌由亚伦·肯尼迪创立于1995年，总部位于科罗拉多州布鲁姆菲尔德，截至2022年年中，品牌已在美国31个州开出了458家门店。
FORR vs NDLS — 直观对比
营收规模更大
NDLS
是对方的1.2倍
$101.1M
营收增速更快
NDLS
高出2.3%
-6.5%
净利率更高
NDLS
高出26.0%
-33.5%
自由现金流更多
NDLS
多$1.5M
$-4.3M
两年增速更快
FORR
近两年复合增速
-1.2%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $101.1M | $122.1M |
| 净利润 | $-33.9M | $-9.2M |
| 毛利率 | 56.7% | — |
| 营业利润率 | -36.6% | -5.2% |
| 净利率 | -33.5% | -7.5% |
| 营收同比 | -6.5% | -4.1% |
| 净利润同比 | -7941.4% | 32.8% |
| 每股收益（稀释后） | $-1.75 | $-0.20 |
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FORRNDLS
| Q4 25 | $101.1M | — | ||
| Q3 25 | $94.3M | $122.1M | ||
| Q2 25 | $111.7M | $123.8M | ||
| Q1 25 | $89.9M | — | ||
| Q4 24 | $108.0M | $122.8M | ||
| Q3 24 | $102.5M | $127.4M | ||
| Q2 24 | $121.8M | $121.4M | ||
| Q1 24 | $100.1M | $124.3M |
净利润FORRNDLS
| Q4 25 | $-33.9M | — | ||
| Q3 25 | $-2.1M | $-9.2M | ||
| Q2 25 | $3.9M | $-9.1M | ||
| Q1 25 | $-87.3M | — | ||
| Q4 24 | $432.0K | $-6.8M | ||
| Q3 24 | $-5.8M | $-13.6M | ||
| Q2 24 | $6.3M | $-6.1M | ||
| Q1 24 | $-6.7M | $-6.1M |
毛利率FORRNDLS
| 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FORRNDLS
| Q4 25 | -36.6% | — | ||
| Q3 25 | 4.7% | -5.2% | ||
| Q2 25 | 6.2% | -5.2% | ||
| Q1 25 | -97.5% | — | ||
| Q4 24 | -0.5% | -3.9% | ||
| Q3 24 | -0.7% | -9.0% | ||
| Q2 24 | 9.3% | -3.4% | ||
| Q1 24 | -9.3% | -3.7% |
净利率FORRNDLS
| Q4 25 | -33.5% | — | ||
| Q3 25 | -2.3% | -7.5% | ||
| Q2 25 | 3.5% | -7.3% | ||
| Q1 25 | -97.1% | — | ||
| Q4 24 | 0.4% | -5.5% | ||
| Q3 24 | -5.7% | -10.7% | ||
| Q2 24 | 5.2% | -5.1% | ||
| Q1 24 | -6.7% | -4.9% |
每股收益（稀释后）FORRNDLS
| Q4 25 | $-1.75 | — | ||
| Q3 25 | $-0.11 | $-0.20 | ||
| Q2 25 | $0.20 | $-0.20 | ||
| Q1 25 | $-4.62 | — | ||
| Q4 24 | $0.02 | $-0.15 | ||
| Q3 24 | $-0.30 | $-0.30 | ||
| Q2 24 | $0.33 | $-0.14 | ||
| Q1 24 | $-0.35 | $-1.64 |
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 | $4.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $126.5M | $-38.9M |
| 总资产 | $404.0M | $280.6M |
| 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FORRNDLS
| Q4 25 | $63.3M | — | ||
| Q3 25 | $65.1M | $4.7M | ||
| Q2 25 | $67.8M | $1.4M | ||
| Q1 25 | $75.6M | — | ||
| Q4 24 | $56.1M | $3.3M | ||
| Q3 24 | $62.8M | $1.8M | ||
| Q2 24 | $58.9M | $1.3M | ||
| Q1 24 | $61.4M | $3.0M |
股东权益FORRNDLS
| Q4 25 | $126.5M | — | ||
| Q3 25 | $157.7M | $-38.9M | ||
| Q2 25 | $159.5M | $-13.9M | ||
| Q1 25 | $147.4M | — | ||
| Q4 24 | $229.5M | $3.7M | ||
| Q3 24 | $234.3M | $9.6M | ||
| Q2 24 | $237.1M | $21.9M | ||
| Q1 24 | $230.9M | $27.2M |
总资产FORRNDLS
| Q4 25 | $404.0M | — | ||
| Q3 25 | $414.2M | $280.6M | ||
| Q2 25 | $436.0M | $319.4M | ||
| Q1 25 | $439.8M | — | ||
| Q4 24 | $503.9M | $340.5M | ||
| Q3 24 | $505.3M | $346.3M | ||
| Q2 24 | $524.2M | $360.4M | ||
| Q1 24 | $555.7M | $368.1M |
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 | $4.3M |
| 自由现金流经营现金流 - 资本支出 | $-4.3M | $-2.8M |
| 自由现金流率自由现金流/营收 | -4.2% | -2.3% |
| 资本支出强度资本支出/营收 | 1.1% | 5.8% |
| 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 | $-7.5M |
8季度趋势，按日历期对齐
经营现金流FORRNDLS
| Q4 25 | $-3.2M | — | ||
| Q3 25 | $1.2M | $4.3M | ||
| Q2 25 | $-3.6M | $4.0M | ||
| Q1 25 | $26.7M | — | ||
| Q4 24 | $-1.8M | $5.8M | ||
| Q3 24 | $264.0K | $4.7M | ||
| Q2 24 | $-2.9M | $7.0M | ||
| Q1 24 | $611.0K | $164.0K |
自由现金流FORRNDLS
| Q4 25 | $-4.3M | — | ||
| Q3 25 | $524.0K | $-2.8M | ||
| Q2 25 | $-4.2M | $1.1M | ||
| Q1 25 | $26.1M | — | ||
| Q4 24 | $-2.5M | $-1.3M | ||
| Q3 24 | $-223.0K | $-4.5M | ||
| Q2 24 | $-3.7M | $-1.6M | ||
| Q1 24 | $-815.0K | $-15.2M |
自由现金流率FORRNDLS
| Q4 25 | -4.2% | — | ||
| Q3 25 | 0.6% | -2.3% | ||
| Q2 25 | -3.8% | 0.9% | ||
| Q1 25 | 29.0% | — | ||
| Q4 24 | -2.3% | -1.1% | ||
| Q3 24 | -0.2% | -3.5% | ||
| Q2 24 | -3.1% | -1.4% | ||
| Q1 24 | -0.8% | -12.2% |
资本支出强度FORRNDLS
| Q4 25 | 1.1% | — | ||
| Q3 25 | 0.7% | 5.8% | ||
| Q2 25 | 0.5% | 2.4% | ||
| Q1 25 | 0.7% | — | ||
| Q4 24 | 0.6% | 5.8% | ||
| Q3 24 | 0.5% | 7.2% | ||
| Q2 24 | 0.7% | 7.1% | ||
| Q1 24 | 1.4% | 12.3% |
现金转化率FORRNDLS
| 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% |
NDLS
| Food And Beverage | $119.6M | 98% |
| Franchise | $2.5M | 2% |
