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弗雷斯特研究公司（FORR）与National Storage Affiliates Trust（NSA）财务数据对比。点击上方公司名可切换其他公司
National Storage Affiliates Trust的季度营收约是弗雷斯特研究公司的1.9倍（$187.0M vs $101.1M），National Storage Affiliates Trust净利率更高（12.2% vs -33.5%，领先45.8%），National Storage Affiliates Trust同比增速更快（-1.6% vs -6.5%），National Storage Affiliates Trust自由现金流更多（$299.8M 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 -2.4%）
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。
National Storage Affiliates Trust是一家总部位于美国的房地产投资信托，专注于自助仓储资产，在美国数十个州持有、运营及收购自助仓储设施，为居民和商业客户提供安全的存储服务。
FORR vs NSA — 直观对比
营收规模更大
NSA
是对方的1.9倍
$101.1M
营收增速更快
NSA
高出4.8%
-6.5%
净利率更高
NSA
高出45.8%
-33.5%
自由现金流更多
NSA
多$304.1M
$-4.3M
两年增速更快
FORR
近两年复合增速
-2.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $101.1M | $187.0M |
| 净利润 | $-33.9M | $22.9M |
| 毛利率 | 56.7% | 72.5% |
| 营业利润率 | -36.6% | 20.2% |
| 净利率 | -33.5% | 12.2% |
| 营收同比 | -6.5% | -1.6% |
| 净利润同比 | -7941.4% | 36.8% |
| 每股收益（稀释后） | $-1.75 | $0.23 |
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FORRNSA
| Q4 25 | $101.1M | $187.0M | ||
| Q3 25 | $94.3M | $188.7M | ||
| Q2 25 | $111.7M | $188.8M | ||
| Q1 25 | $89.9M | $188.4M | ||
| Q4 24 | $108.0M | $190.1M | ||
| Q3 24 | $102.5M | $193.6M | ||
| Q2 24 | $121.8M | $190.4M | ||
| Q1 24 | $100.1M | $196.1M |
净利润FORRNSA
| Q4 25 | $-33.9M | $22.9M | ||
| Q3 25 | $-2.1M | $18.4M | ||
| Q2 25 | $3.9M | $19.5M | ||
| Q1 25 | $-87.3M | $13.0M | ||
| Q4 24 | $432.0K | $16.7M | ||
| Q3 24 | $-5.8M | $18.7M | ||
| Q2 24 | $6.3M | $17.1M | ||
| Q1 24 | $-6.7M | $59.0M |
毛利率FORRNSA
| Q4 25 | 56.7% | 72.5% | ||
| Q3 25 | 60.0% | 70.7% | ||
| Q2 25 | 55.5% | 70.5% | ||
| Q1 25 | 55.9% | 70.7% | ||
| Q4 24 | 58.8% | 72.5% | ||
| Q3 24 | 60.5% | 72.8% | ||
| Q2 24 | 57.3% | 72.6% | ||
| Q1 24 | 54.9% | 72.1% |
营业利润率FORRNSA
| Q4 25 | -36.6% | 20.2% | ||
| Q3 25 | 4.7% | 15.8% | ||
| Q2 25 | 6.2% | 16.5% | ||
| Q1 25 | -97.5% | 11.0% | ||
| Q4 24 | -0.5% | 14.5% | ||
| Q3 24 | -0.7% | 15.8% | ||
| Q2 24 | 9.3% | 17.2% | ||
| Q1 24 | -9.3% | 48.9% |
净利率FORRNSA
| Q4 25 | -33.5% | 12.2% | ||
| Q3 25 | -2.3% | 9.8% | ||
| Q2 25 | 3.5% | 10.3% | ||
| Q1 25 | -97.1% | 6.9% | ||
| Q4 24 | 0.4% | 8.8% | ||
| Q3 24 | -5.7% | 9.7% | ||
| Q2 24 | 5.2% | 9.0% | ||
| Q1 24 | -6.7% | 30.1% |
每股收益（稀释后）FORRNSA
| Q4 25 | $-1.75 | $0.23 | ||
| Q3 25 | $-0.11 | $0.17 | ||
| Q2 25 | $0.20 | $0.19 | ||
| Q1 25 | $-4.62 | $0.10 | ||
| Q4 24 | $0.02 | $0.19 | ||
| Q3 24 | $-0.30 | $0.18 | ||
| Q2 24 | $0.33 | $0.16 | ||
| Q1 24 | $-0.35 | $0.65 |
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 | $23.3M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $126.5M | $946.0M |
| 总资产 | $404.0M | $5.1B |
| 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FORRNSA
| Q4 25 | $63.3M | $23.3M | ||
| Q3 25 | $65.1M | $26.3M | ||
| Q2 25 | $67.8M | $26.1M | ||
| Q1 25 | $75.6M | $19.3M | ||
| Q4 24 | $56.1M | $50.4M | ||
| Q3 24 | $62.8M | $69.9M | ||
| Q2 24 | $58.9M | $59.0M | ||
| Q1 24 | $61.4M | $64.2M |
股东权益FORRNSA
| Q4 25 | $126.5M | $946.0M | ||
| Q3 25 | $157.7M | $973.1M | ||
| Q2 25 | $159.5M | $1.0B | ||
| Q1 25 | $147.4M | $1.0B | ||
| Q4 24 | $229.5M | $1.1B | ||
| Q3 24 | $234.3M | $986.9M | ||
| Q2 24 | $237.1M | $1.2B | ||
| Q1 24 | $230.9M | $1.3B |
总资产FORRNSA
| Q4 25 | $404.0M | $5.1B | ||
| Q3 25 | $414.2M | $5.1B | ||
| Q2 25 | $436.0M | $5.2B | ||
| Q1 25 | $439.8M | $5.3B | ||
| Q4 24 | $503.9M | $5.4B | ||
| Q3 24 | $505.3M | $5.4B | ||
| Q2 24 | $524.2M | $5.3B | ||
| Q1 24 | $555.7M | $5.4B |
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 | $338.5M |
| 自由现金流经营现金流 - 资本支出 | $-4.3M | $299.8M |
| 自由现金流率自由现金流/营收 | -4.2% | 160.3% |
| 资本支出强度资本支出/营收 | 1.1% | 20.7% |
| 现金转化率经营现金流/净利润 | — | 14.79× |
| 过去12个月自由现金流最近4个季度 | $18.1M | $541.5M |
8季度趋势，按日历期对齐
经营现金流FORRNSA
| Q4 25 | $-3.2M | $338.5M | ||
| Q3 25 | $1.2M | $100.2M | ||
| Q2 25 | $-3.6M | $79.9M | ||
| Q1 25 | $26.7M | $85.6M | ||
| Q4 24 | $-1.8M | $363.1M | ||
| Q3 24 | $264.0K | $105.7M | ||
| Q2 24 | $-2.9M | $83.2M | ||
| Q1 24 | $611.0K | $94.0M |
自由现金流FORRNSA
| Q4 25 | $-4.3M | $299.8M | ||
| Q3 25 | $524.0K | $88.0M | ||
| Q2 25 | $-4.2M | $73.8M | ||
| Q1 25 | $26.1M | $79.9M | ||
| Q4 24 | $-2.5M | $344.4M | ||
| Q3 24 | $-223.0K | $101.8M | ||
| Q2 24 | $-3.7M | $79.5M | ||
| Q1 24 | $-815.0K | $88.6M |
自由现金流率FORRNSA
| Q4 25 | -4.2% | 160.3% | ||
| Q3 25 | 0.6% | 46.6% | ||
| Q2 25 | -3.8% | 39.1% | ||
| Q1 25 | 29.0% | 42.4% | ||
| Q4 24 | -2.3% | 181.2% | ||
| Q3 24 | -0.2% | 52.6% | ||
| Q2 24 | -3.1% | 41.7% | ||
| Q1 24 | -0.8% | 45.2% |
资本支出强度FORRNSA
| Q4 25 | 1.1% | 20.7% | ||
| Q3 25 | 0.7% | 6.5% | ||
| Q2 25 | 0.5% | 3.2% | ||
| Q1 25 | 0.7% | 3.0% | ||
| Q4 24 | 0.6% | 9.8% | ||
| Q3 24 | 0.5% | 2.0% | ||
| Q2 24 | 0.7% | 1.9% | ||
| Q1 24 | 1.4% | 2.7% |
现金转化率FORRNSA
| Q4 25 | — | 14.79× | ||
| Q3 25 | — | 5.44× | ||
| Q2 25 | -0.93× | 4.10× | ||
| Q1 25 | — | 6.59× | ||
| Q4 24 | -4.24× | 21.70× | ||
| Q3 24 | — | 5.65× | ||
| Q2 24 | -0.46× | 4.88× | ||
| Q1 24 | — | 1.59× |
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% |
NSA
暂无分部数据
