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弗雷斯特研究公司（FORR）与合众银行（OSBC）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合众银行的1.1倍（$101.1M vs $93.8M），合众银行净利率更高（27.3% vs -33.5%，领先60.8%），过去两年合众银行的营收复合增速更高（15.1% 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。
合众银行是一家总部位于美国明尼阿波利斯、在特拉华州注册的美国跨国银行机构。截至2025年，它是美国第五大银行，也是美国中西部规模最大的银行，被金融稳定委员会认定为具有系统重要性的金融机构，主营银行、投资、抵押等金融服务。
FORR vs OSBC — 直观对比
营收规模更大
FORR
是对方的1.1倍
$93.8M
净利率更高
OSBC
高出60.8%
-33.5%
两年增速更快
OSBC
近两年复合增速
0.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $101.1M | $93.8M |
| 净利润 | $-33.9M | $25.6M |
| 毛利率 | 56.7% | — |
| 营业利润率 | -36.6% | — |
| 净利率 | -33.5% | 27.3% |
| 营收同比 | -6.5% | — |
| 净利润同比 | -7941.4% | 159.2% |
| 每股收益（稀释后） | $-1.75 | $0.48 |
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FORROSBC
| Q1 26 | — | $93.8M | ||
| Q4 25 | $101.1M | $95.2M | ||
| Q3 25 | $94.3M | $95.9M | ||
| Q2 25 | $111.7M | $75.1M | ||
| Q1 25 | $89.9M | $73.1M | ||
| Q4 24 | $108.0M | $73.2M | ||
| Q3 24 | $102.5M | $71.2M | ||
| Q2 24 | $121.8M | $70.8M |
净利润FORROSBC
| Q1 26 | — | $25.6M | ||
| Q4 25 | $-33.9M | — | ||
| Q3 25 | $-2.1M | $9.9M | ||
| Q2 25 | $3.9M | $21.8M | ||
| Q1 25 | $-87.3M | $19.8M | ||
| Q4 24 | $432.0K | — | ||
| Q3 24 | $-5.8M | $23.0M | ||
| Q2 24 | $6.3M | $21.9M |
毛利率FORROSBC
| Q1 26 | — | — | ||
| 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% | — |
营业利润率FORROSBC
| Q1 26 | — | — | ||
| Q4 25 | -36.6% | 41.2% | ||
| Q3 25 | 4.7% | 13.6% | ||
| Q2 25 | 6.2% | 38.9% | ||
| Q1 25 | -97.5% | 35.8% | ||
| Q4 24 | -0.5% | 34.7% | ||
| Q3 24 | -0.7% | 41.9% | ||
| Q2 24 | 9.3% | 41.2% |
净利率FORROSBC
| Q1 26 | — | 27.3% | ||
| Q4 25 | -33.5% | — | ||
| Q3 25 | -2.3% | 10.3% | ||
| Q2 25 | 3.5% | 29.0% | ||
| Q1 25 | -97.1% | 27.1% | ||
| Q4 24 | 0.4% | — | ||
| Q3 24 | -5.7% | 32.3% | ||
| Q2 24 | 5.2% | 30.9% |
每股收益（稀释后）FORROSBC
| Q1 26 | — | $0.48 | ||
| Q4 25 | $-1.75 | $0.53 | ||
| Q3 25 | $-0.11 | $0.18 | ||
| Q2 25 | $0.20 | $0.48 | ||
| Q1 25 | $-4.62 | $0.43 | ||
| Q4 24 | $0.02 | $0.42 | ||
| Q3 24 | $-0.30 | $0.50 | ||
| Q2 24 | $0.33 | $0.48 |
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 | $115.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $126.5M | $893.3M |
| 总资产 | $404.0M | $6.8B |
| 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FORROSBC
| Q1 26 | — | $115.7M | ||
| Q4 25 | $63.3M | $124.0M | ||
| Q3 25 | $65.1M | $116.5M | ||
| Q2 25 | $67.8M | $141.8M | ||
| Q1 25 | $75.6M | $256.1M | ||
| Q4 24 | $56.1M | $99.3M | ||
| Q3 24 | $62.8M | $115.8M | ||
| Q2 24 | $58.9M | $120.9M |
股东权益FORROSBC
| Q1 26 | — | $893.3M | ||
| Q4 25 | $126.5M | $896.8M | ||
| Q3 25 | $157.7M | $866.7M | ||
| Q2 25 | $159.5M | $718.6M | ||
| Q1 25 | $147.4M | $694.5M | ||
| Q4 24 | $229.5M | $671.0M | ||
| Q3 24 | $234.3M | $661.4M | ||
| Q2 24 | $237.1M | $619.3M |
总资产FORROSBC
| Q1 26 | — | $6.8B | ||
| Q4 25 | $404.0M | $6.9B | ||
| Q3 25 | $414.2M | $7.0B | ||
| Q2 25 | $436.0M | $5.7B | ||
| Q1 25 | $439.8M | $5.7B | ||
| Q4 24 | $503.9M | $5.6B | ||
| Q3 24 | $505.3M | $5.7B | ||
| Q2 24 | $524.2M | $5.7B |
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 | — |
| 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FORROSBC
| Q1 26 | — | — | ||
| Q4 25 | $-3.2M | $122.3M | ||
| Q3 25 | $1.2M | $35.9M | ||
| Q2 25 | $-3.6M | $24.2M | ||
| Q1 25 | $26.7M | $17.8M | ||
| Q4 24 | $-1.8M | $131.5M | ||
| Q3 24 | $264.0K | $48.5M | ||
| Q2 24 | $-2.9M | $11.6M |
自由现金流FORROSBC
| Q1 26 | — | — | ||
| Q4 25 | $-4.3M | $117.8M | ||
| Q3 25 | $524.0K | $34.7M | ||
| Q2 25 | $-4.2M | $23.5M | ||
| Q1 25 | $26.1M | $16.2M | ||
| Q4 24 | $-2.5M | $120.7M | ||
| Q3 24 | $-223.0K | $46.2M | ||
| Q2 24 | $-3.7M | $8.7M |
自由现金流率FORROSBC
| Q1 26 | — | — | ||
| Q4 25 | -4.2% | 123.7% | ||
| Q3 25 | 0.6% | 36.2% | ||
| Q2 25 | -3.8% | 31.2% | ||
| Q1 25 | 29.0% | 22.2% | ||
| Q4 24 | -2.3% | 165.0% | ||
| Q3 24 | -0.2% | 64.9% | ||
| Q2 24 | -3.1% | 12.3% |
资本支出强度FORROSBC
| Q1 26 | — | — | ||
| Q4 25 | 1.1% | 4.7% | ||
| Q3 25 | 0.7% | 1.3% | ||
| Q2 25 | 0.5% | 1.1% | ||
| Q1 25 | 0.7% | 2.2% | ||
| Q4 24 | 0.6% | 14.7% | ||
| Q3 24 | 0.5% | 3.3% | ||
| Q2 24 | 0.7% | 4.2% |
现金转化率FORROSBC
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 3.64× | ||
| Q2 25 | -0.93× | 1.11× | ||
| Q1 25 | — | 0.90× | ||
| Q4 24 | -4.24× | — | ||
| Q3 24 | — | 2.11× | ||
| Q2 24 | -0.46× | 0.53× |
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% |
OSBC
| Net Interest Income | $81.1M | 87% |
| Noninterest Income | $12.6M | 13% |
