vs
弗雷斯特研究公司（FORR）与OCTAVE SPECIALTY GROUP INC（OSG）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OCTAVE SPECIALTY GROUP INC的1.5倍（$101.1M vs $66.9M），弗雷斯特研究公司净利率更高（-33.5% vs -73.8%，领先40.2%），OCTAVE SPECIALTY GROUP INC同比增速更快（2.6% vs -6.5%），过去两年OCTAVE SPECIALTY GROUP INC的营收复合增速更高（16.2% 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。
奥克塔夫专业集团是一家专业保险控股企业，主营定制化财产与意外伤害保险产品，核心业务聚焦超额剩余保险领域，为北美地区的商业及个人客户提供定制化风险保障解决方案。
FORR vs OSG — 直观对比
营收规模更大
FORR
是对方的1.5倍
$66.9M
营收增速更快
OSG
高出9.0%
-6.5%
净利率更高
FORR
高出40.2%
-73.8%
两年增速更快
OSG
近两年复合增速
0.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $101.1M | $66.9M |
| 净利润 | $-33.9M | $-29.7M |
| 毛利率 | 56.7% | — |
| 营业利润率 | -36.6% | -76.7% |
| 净利率 | -33.5% | -73.8% |
| 营收同比 | -6.5% | 2.6% |
| 净利润同比 | -7941.4% | -41.7% |
| 每股收益（稀释后） | $-1.75 | $-0.82 |
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FORROSG
| Q4 25 | $101.1M | $66.9M | ||
| Q3 25 | $94.3M | $66.6M | ||
| Q2 25 | $111.7M | $55.0M | ||
| Q1 25 | $89.9M | $62.8M | ||
| Q4 24 | $108.0M | $65.2M | ||
| Q3 24 | $102.5M | $70.0M | ||
| Q2 24 | $121.8M | $51.0M | ||
| Q1 24 | $100.1M | $49.6M |
净利润FORROSG
| Q4 25 | $-33.9M | $-29.7M | ||
| Q3 25 | $-2.1M | $-112.6M | ||
| Q2 25 | $3.9M | $-72.7M | ||
| Q1 25 | $-87.3M | $-44.7M | ||
| Q4 24 | $432.0K | $-20.9M | ||
| Q3 24 | $-5.8M | $-27.5M | ||
| Q2 24 | $6.3M | $-750.0K | ||
| Q1 24 | $-6.7M | $20.8M |
毛利率FORROSG
| 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FORROSG
| Q4 25 | -36.6% | -76.7% | ||
| Q3 25 | 4.7% | -48.2% | ||
| Q2 25 | 6.2% | -41.8% | ||
| Q1 25 | -97.5% | -24.1% | ||
| Q4 24 | -0.5% | -55.5% | ||
| Q3 24 | -0.7% | -29.7% | ||
| Q2 24 | 9.3% | -28.9% | ||
| Q1 24 | -9.3% | -6.5% |
净利率FORROSG
| Q4 25 | -33.5% | -73.8% | ||
| Q3 25 | -2.3% | -169.1% | ||
| Q2 25 | 3.5% | -132.3% | ||
| Q1 25 | -97.1% | -71.3% | ||
| Q4 24 | 0.4% | -55.1% | ||
| Q3 24 | -5.7% | -39.3% | ||
| Q2 24 | 5.2% | -1.5% | ||
| Q1 24 | -6.7% | 41.9% |
每股收益（稀释后）FORROSG
| Q4 25 | $-1.75 | $-0.82 | ||
| Q3 25 | $-0.11 | $-2.35 | ||
| Q2 25 | $0.20 | $-1.54 | ||
| Q1 25 | $-4.62 | $-1.22 | ||
| Q4 24 | $0.02 | $-11.75 | ||
| Q3 24 | $-0.30 | $-0.63 | ||
| Q2 24 | $0.33 | $-0.02 | ||
| Q1 24 | $-0.35 | $0.44 |
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 | $146.4M |
| 总债务越低越好 | — | $117.6M |
| 股东权益账面价值 | $126.5M | $715.8M |
| 总资产 | $404.0M | $2.2B |
| 负债/权益比越低杠杆越低 | — | 0.16× |
8季度趋势，按日历期对齐
现金及短期投资FORROSG
| Q4 25 | $63.3M | $146.4M | ||
| Q3 25 | $65.1M | $27.5M | ||
| Q2 25 | $67.8M | $22.5M | ||
| Q1 25 | $75.6M | $34.1M | ||
| Q4 24 | $56.1M | $157.2M | ||
| Q3 24 | $62.8M | $40.8M | ||
| Q2 24 | $58.9M | $14.6M | ||
| Q1 24 | $61.4M | $13.8M |
总债务FORROSG
| Q4 25 | — | $117.6M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $0 | ||
| Q3 24 | — | $518.0M | ||
| Q2 24 | — | $515.0M | ||
| Q1 24 | — | $512.0M |
股东权益FORROSG
| Q4 25 | $126.5M | $715.8M | ||
| Q3 25 | $157.7M | $843.4M | ||
| Q2 25 | $159.5M | $859.8M | ||
| Q1 25 | $147.4M | $852.2M | ||
| Q4 24 | $229.5M | $798.4M | ||
| Q3 24 | $234.3M | $1.5B | ||
| Q2 24 | $237.1M | $1.4B | ||
| Q1 24 | $230.9M | $1.4B |
总资产FORROSG
| Q4 25 | $404.0M | $2.2B | ||
| Q3 25 | $414.2M | $2.1B | ||
| Q2 25 | $436.0M | $8.5B | ||
| Q1 25 | $439.8M | $8.3B | ||
| Q4 24 | $503.9M | $8.1B | ||
| Q3 24 | $505.3M | $9.3B | ||
| Q2 24 | $524.2M | $8.2B | ||
| Q1 24 | $555.7M | $8.4B |
负债/权益比FORROSG
| Q4 25 | — | 0.16× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.00× | ||
| Q3 24 | — | 0.35× | ||
| Q2 24 | — | 0.38× | ||
| Q1 24 | — | 0.38× |
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 | $-52.3M |
| 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FORROSG
| Q4 25 | $-3.2M | $-52.3M | ||
| Q3 25 | $1.2M | $-41.2M | ||
| Q2 25 | $-3.6M | $2.1M | ||
| Q1 25 | $26.7M | $-12.6M | ||
| Q4 24 | $-1.8M | $762.0K | ||
| Q3 24 | $264.0K | $48.9M | ||
| Q2 24 | $-2.9M | $20.4M | ||
| Q1 24 | $611.0K | $7.1M |
自由现金流FORROSG
| 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FORROSG
| 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FORROSG
| 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FORROSG
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | -0.93× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | -4.24× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | -0.46× | — | ||
| Q1 24 | — | 0.34× |
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% |
OSG
| Other | $28.7M | 43% |
| Specialty Property Casualty Program | $23.1M | 34% |
| Accident Health | $9.6M | 14% |
| Specialty Automobile | $3.1M | 5% |
| Niche Specialty Risks | $2.4M | 4% |
