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弗雷斯特研究公司（FORR）与PagerDuty, Inc.（PD）财务数据对比。点击上方公司名可切换其他公司
PagerDuty, Inc.的季度营收约是弗雷斯特研究公司的1.2倍（$124.5M vs $101.1M），PagerDuty, Inc.净利率更高（129.7% vs -33.5%，领先163.3%），PagerDuty, Inc.同比增速更快（4.7% vs -6.5%），PagerDuty, Inc.自由现金流更多（$24.1M vs $-4.3M），过去两年PagerDuty, Inc.的营收复合增速更高（5.9% 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。
PagerDuty是一家美国云计算企业，主打面向IT运维部门的SaaS事件管理平台，可帮助企业实时响应运维异常、快速定位并处理故障，保障业务系统稳定运行，目前已成为全球IT运维领域广受认可的数字化解决方案服务商。
FORR vs PD — 直观对比
营收规模更大
PD
是对方的1.2倍
$101.1M
营收增速更快
PD
高出11.2%
-6.5%
净利率更高
PD
高出163.3%
-33.5%
自由现金流更多
PD
多$28.3M
$-4.3M
两年增速更快
PD
近两年复合增速
0.5%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $101.1M | $124.5M |
| 净利润 | $-33.9M | $161.6M |
| 毛利率 | 56.7% | 85.3% |
| 营业利润率 | -36.6% | 6.5% |
| 净利率 | -33.5% | 129.7% |
| 营收同比 | -6.5% | 4.7% |
| 净利润同比 | -7941.4% | 2827.7% |
| 每股收益（稀释后） | $-1.75 | $1.69 |
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FORRPD
| Q4 25 | $101.1M | $124.5M | ||
| Q3 25 | $94.3M | $123.4M | ||
| Q2 25 | $111.7M | $119.8M | ||
| Q1 25 | $89.9M | $121.4M | ||
| Q4 24 | $108.0M | $118.9M | ||
| Q3 24 | $102.5M | $115.9M | ||
| Q2 24 | $121.8M | $111.2M | ||
| Q1 24 | $100.1M | $111.1M |
净利润FORRPD
| Q4 25 | $-33.9M | $161.6M | ||
| Q3 25 | $-2.1M | $9.6M | ||
| Q2 25 | $3.9M | $-7.2M | ||
| Q1 25 | $-87.3M | $-8.8M | ||
| Q4 24 | $432.0K | $-5.9M | ||
| Q3 24 | $-5.8M | $-10.9M | ||
| Q2 24 | $6.3M | $-17.1M | ||
| Q1 24 | $-6.7M | $-28.2M |
毛利率FORRPD
| Q4 25 | 56.7% | 85.3% | ||
| Q3 25 | 60.0% | 84.6% | ||
| Q2 25 | 55.5% | 84.0% | ||
| Q1 25 | 55.9% | 83.6% | ||
| Q4 24 | 58.8% | 83.0% | ||
| Q3 24 | 60.5% | 82.7% | ||
| Q2 24 | 57.3% | 82.6% | ||
| Q1 24 | 54.9% | 81.7% |
营业利润率FORRPD
| Q4 25 | -36.6% | 6.5% | ||
| Q3 25 | 4.7% | 2.9% | ||
| Q2 25 | 6.2% | -8.6% | ||
| Q1 25 | -97.5% | -9.6% | ||
| Q4 24 | -0.5% | -8.7% | ||
| Q3 24 | -0.7% | -13.8% | ||
| Q2 24 | 9.3% | -19.5% | ||
| Q1 24 | -9.3% | -30.1% |
净利率FORRPD
| Q4 25 | -33.5% | 129.7% | ||
| Q3 25 | -2.3% | 7.8% | ||
| Q2 25 | 3.5% | -6.0% | ||
| Q1 25 | -97.1% | -7.2% | ||
| Q4 24 | 0.4% | -5.0% | ||
| Q3 24 | -5.7% | -9.4% | ||
| Q2 24 | 5.2% | -15.4% | ||
| Q1 24 | -6.7% | -25.3% |
每股收益（稀释后）FORRPD
| Q4 25 | $-1.75 | $1.69 | ||
| Q3 25 | $-0.11 | $0.10 | ||
| Q2 25 | $0.20 | $-0.07 | ||
| Q1 25 | $-4.62 | $-0.12 | ||
| Q4 24 | $0.02 | $-0.07 | ||
| Q3 24 | $-0.30 | $-0.14 | ||
| Q2 24 | $0.33 | $-0.26 | ||
| Q1 24 | $-0.35 | $-0.34 |
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 | $547.8M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $126.5M | $320.5M |
| 总资产 | $404.0M | $1.0B |
| 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FORRPD
| Q4 25 | $63.3M | $547.8M | ||
| Q3 25 | $65.1M | $567.9M | ||
| Q2 25 | $67.8M | $597.1M | ||
| Q1 25 | $75.6M | $570.8M | ||
| Q4 24 | $56.1M | $542.2M | ||
| Q3 24 | $62.8M | $599.3M | ||
| Q2 24 | $58.9M | $592.8M | ||
| Q1 24 | $61.4M | $571.2M |
总债务FORRPD
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $484.5M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $489.5M |
股东权益FORRPD
| Q4 25 | $126.5M | $320.5M | ||
| Q3 25 | $157.7M | $180.7M | ||
| Q2 25 | $159.5M | $145.7M | ||
| Q1 25 | $147.4M | $129.8M | ||
| Q4 24 | $229.5M | $111.6M | ||
| Q3 24 | $234.3M | $164.7M | ||
| Q2 24 | $237.1M | $174.0M | ||
| Q1 24 | $230.9M | $171.6M |
总资产FORRPD
| Q4 25 | $404.0M | $1.0B | ||
| Q3 25 | $414.2M | $891.5M | ||
| Q2 25 | $436.0M | $926.8M | ||
| Q1 25 | $439.8M | $927.3M | ||
| Q4 24 | $503.9M | $866.8M | ||
| Q3 24 | $505.3M | $916.0M | ||
| Q2 24 | $524.2M | $924.0M | ||
| Q1 24 | $555.7M | $925.3M |
负债/权益比FORRPD
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 3.73× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 2.85× |
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 | $24.8M |
| 自由现金流经营现金流 - 资本支出 | $-4.3M | $24.1M |
| 自由现金流率自由现金流/营收 | -4.2% | 19.3% |
| 资本支出强度资本支出/营收 | 1.1% | 0.6% |
| 现金转化率经营现金流/净利润 | — | 0.15× |
| 过去12个月自由现金流最近4个季度 | $18.1M | $117.6M |
8季度趋势，按日历期对齐
经营现金流FORRPD
| Q4 25 | $-3.2M | $24.8M | ||
| Q3 25 | $1.2M | $34.0M | ||
| Q2 25 | $-3.6M | $30.7M | ||
| Q1 25 | $26.7M | $31.4M | ||
| Q4 24 | $-1.8M | $22.1M | ||
| Q3 24 | $264.0K | $35.8M | ||
| Q2 24 | $-2.9M | $28.6M | ||
| Q1 24 | $611.0K | $22.2M |
自由现金流FORRPD
| Q4 25 | $-4.3M | $24.1M | ||
| Q3 25 | $524.0K | $33.1M | ||
| Q2 25 | $-4.2M | $30.2M | ||
| Q1 25 | $26.1M | $30.3M | ||
| Q4 24 | $-2.5M | $21.5M | ||
| Q3 24 | $-223.0K | $35.1M | ||
| Q2 24 | $-3.7M | $28.2M | ||
| Q1 24 | $-815.0K | $21.2M |
自由现金流率FORRPD
| Q4 25 | -4.2% | 19.3% | ||
| Q3 25 | 0.6% | 26.8% | ||
| Q2 25 | -3.8% | 25.2% | ||
| Q1 25 | 29.0% | 24.9% | ||
| Q4 24 | -2.3% | 18.1% | ||
| Q3 24 | -0.2% | 30.3% | ||
| Q2 24 | -3.1% | 25.4% | ||
| Q1 24 | -0.8% | 19.1% |
资本支出强度FORRPD
| Q4 25 | 1.1% | 0.6% | ||
| Q3 25 | 0.7% | 0.7% | ||
| Q2 25 | 0.5% | 0.4% | ||
| Q1 25 | 0.7% | 0.9% | ||
| Q4 24 | 0.6% | 0.5% | ||
| Q3 24 | 0.5% | 0.5% | ||
| Q2 24 | 0.7% | 0.4% | ||
| Q1 24 | 1.4% | 0.9% |
现金转化率FORRPD
| Q4 25 | — | 0.15× | ||
| Q3 25 | — | 3.55× | ||
| 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% |
PD
| US | $88.8M | 71% |
| Non Us | $35.7M | 29% |
