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弗雷斯特研究公司（FORR）与POWER INTEGRATIONS INC（POWI）财务数据对比。点击上方公司名可切换其他公司
POWER INTEGRATIONS INC的季度营收约是弗雷斯特研究公司的1.0倍（$103.2M vs $101.1M），POWER INTEGRATIONS INC净利率更高（12.9% vs -33.5%，领先46.4%），POWER INTEGRATIONS INC同比增速更快（-1.9% vs -6.5%），POWER INTEGRATIONS INC自由现金流更多（$19.2M vs $-4.3M），过去两年POWER INTEGRATIONS INC的营收复合增速更高（6.1% 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。
Power Integrations Inc.是美国头部电力公用事业企业，业务覆盖美国本土11个州，服务超500万用户，在全美电力供应领域拥有领先的市场地位与成熟的运营体系。
FORR vs POWI — 直观对比
营收规模更大
POWI
是对方的1.0倍
$101.1M
营收增速更快
POWI
高出4.5%
-6.5%
净利率更高
POWI
高出46.4%
-33.5%
自由现金流更多
POWI
多$23.4M
$-4.3M
两年增速更快
POWI
近两年复合增速
0.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $101.1M | $103.2M |
| 净利润 | $-33.9M | $13.3M |
| 毛利率 | 56.7% | 52.9% |
| 营业利润率 | -36.6% | 8.5% |
| 净利率 | -33.5% | 12.9% |
| 营收同比 | -6.5% | -1.9% |
| 净利润同比 | -7941.4% | 45.4% |
| 每股收益（稀释后） | $-1.75 | $0.24 |
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FORRPOWI
| Q4 25 | $101.1M | $103.2M | ||
| Q3 25 | $94.3M | $118.9M | ||
| Q2 25 | $111.7M | $115.9M | ||
| Q1 25 | $89.9M | $105.5M | ||
| Q4 24 | $108.0M | $105.3M | ||
| Q3 24 | $102.5M | $115.8M | ||
| Q2 24 | $121.8M | $106.2M | ||
| Q1 24 | $100.1M | $91.7M |
净利润FORRPOWI
| Q4 25 | $-33.9M | $13.3M | ||
| Q3 25 | $-2.1M | $-1.4M | ||
| Q2 25 | $3.9M | $1.4M | ||
| Q1 25 | $-87.3M | $8.8M | ||
| Q4 24 | $432.0K | $9.1M | ||
| Q3 24 | $-5.8M | $14.3M | ||
| Q2 24 | $6.3M | $4.8M | ||
| Q1 24 | $-6.7M | $4.0M |
毛利率FORRPOWI
| Q4 25 | 56.7% | 52.9% | ||
| Q3 25 | 60.0% | 54.5% | ||
| Q2 25 | 55.5% | 55.2% | ||
| Q1 25 | 55.9% | 55.2% | ||
| Q4 24 | 58.8% | 54.4% | ||
| Q3 24 | 60.5% | 54.5% | ||
| Q2 24 | 57.3% | 53.2% | ||
| Q1 24 | 54.9% | 52.1% |
营业利润率FORRPOWI
| Q4 25 | -36.6% | 8.5% | ||
| Q3 25 | 4.7% | -3.3% | ||
| Q2 25 | 6.2% | -1.2% | ||
| Q1 25 | -97.5% | 6.4% | ||
| Q4 24 | -0.5% | 3.7% | ||
| Q3 24 | -0.7% | 10.0% | ||
| Q2 24 | 9.3% | 1.8% | ||
| Q1 24 | -9.3% | 0.5% |
净利率FORRPOWI
| Q4 25 | -33.5% | 12.9% | ||
| Q3 25 | -2.3% | -1.1% | ||
| Q2 25 | 3.5% | 1.2% | ||
| Q1 25 | -97.1% | 8.3% | ||
| Q4 24 | 0.4% | 8.7% | ||
| Q3 24 | -5.7% | 12.3% | ||
| Q2 24 | 5.2% | 4.6% | ||
| Q1 24 | -6.7% | 4.3% |
每股收益（稀释后）FORRPOWI
| Q4 25 | $-1.75 | $0.24 | ||
| Q3 25 | $-0.11 | $-0.02 | ||
| Q2 25 | $0.20 | $0.02 | ||
| Q1 25 | $-4.62 | $0.15 | ||
| Q4 24 | $0.02 | $0.15 | ||
| Q3 24 | $-0.30 | $0.25 | ||
| Q2 24 | $0.33 | $0.09 | ||
| Q1 24 | $-0.35 | $0.07 |
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 | $249.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $126.5M | $672.8M |
| 总资产 | $404.0M | $772.2M |
| 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FORRPOWI
| Q4 25 | $63.3M | $249.5M | ||
| Q3 25 | $65.1M | $241.9M | ||
| Q2 25 | $67.8M | $268.7M | ||
| Q1 25 | $75.6M | $289.3M | ||
| Q4 24 | $56.1M | $300.0M | ||
| Q3 24 | $62.8M | $303.8M | ||
| Q2 24 | $58.9M | $290.5M | ||
| Q1 24 | $61.4M | $299.6M |
股东权益FORRPOWI
| Q4 25 | $126.5M | $672.8M | ||
| Q3 25 | $157.7M | $672.0M | ||
| Q2 25 | $159.5M | $703.8M | ||
| Q1 25 | $147.4M | $735.8M | ||
| Q4 24 | $229.5M | $749.8M | ||
| Q3 24 | $234.3M | $749.2M | ||
| Q2 24 | $237.1M | $730.7M | ||
| Q1 24 | $230.9M | $738.2M |
总资产FORRPOWI
| Q4 25 | $404.0M | $772.2M | ||
| Q3 25 | $414.2M | $772.5M | ||
| Q2 25 | $436.0M | $797.5M | ||
| Q1 25 | $439.8M | $814.4M | ||
| Q4 24 | $503.9M | $828.8M | ||
| Q3 24 | $505.3M | $825.0M | ||
| Q2 24 | $524.2M | $804.8M | ||
| Q1 24 | $555.7M | $805.8M |
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 | $26.2M |
| 自由现金流经营现金流 - 资本支出 | $-4.3M | $19.2M |
| 自由现金流率自由现金流/营收 | -4.2% | 18.6% |
| 资本支出强度资本支出/营收 | 1.1% | 6.8% |
| 现金转化率经营现金流/净利润 | — | 1.97× |
| 过去12个月自由现金流最近4个季度 | $18.1M | $87.1M |
8季度趋势，按日历期对齐
经营现金流FORRPOWI
| Q4 25 | $-3.2M | $26.2M | ||
| Q3 25 | $1.2M | $29.9M | ||
| Q2 25 | $-3.6M | $29.1M | ||
| Q1 25 | $26.7M | $26.4M | ||
| Q4 24 | $-1.8M | $14.7M | ||
| Q3 24 | $264.0K | $32.9M | ||
| Q2 24 | $-2.9M | $17.6M | ||
| Q1 24 | $611.0K | $15.9M |
自由现金流FORRPOWI
| Q4 25 | $-4.3M | $19.2M | ||
| Q3 25 | $524.0K | $24.2M | ||
| Q2 25 | $-4.2M | $23.1M | ||
| Q1 25 | $26.1M | $20.7M | ||
| Q4 24 | $-2.5M | $11.7M | ||
| Q3 24 | $-223.0K | $27.2M | ||
| Q2 24 | $-3.7M | $13.5M | ||
| Q1 24 | $-815.0K | $11.6M |
自由现金流率FORRPOWI
| Q4 25 | -4.2% | 18.6% | ||
| Q3 25 | 0.6% | 20.3% | ||
| Q2 25 | -3.8% | 20.0% | ||
| Q1 25 | 29.0% | 19.6% | ||
| Q4 24 | -2.3% | 11.1% | ||
| Q3 24 | -0.2% | 23.5% | ||
| Q2 24 | -3.1% | 12.7% | ||
| Q1 24 | -0.8% | 12.6% |
资本支出强度FORRPOWI
| Q4 25 | 1.1% | 6.8% | ||
| Q3 25 | 0.7% | 4.8% | ||
| Q2 25 | 0.5% | 5.1% | ||
| Q1 25 | 0.7% | 5.4% | ||
| Q4 24 | 0.6% | 2.9% | ||
| Q3 24 | 0.5% | 4.9% | ||
| Q2 24 | 0.7% | 3.9% | ||
| Q1 24 | 1.4% | 4.7% |
现金转化率FORRPOWI
| Q4 25 | — | 1.97× | ||
| Q3 25 | — | — | ||
| Q2 25 | -0.93× | 21.24× | ||
| Q1 25 | — | 3.00× | ||
| Q4 24 | -4.24× | 1.61× | ||
| Q3 24 | — | 2.30× | ||
| Q2 24 | -0.46× | 3.64× | ||
| Q1 24 | — | 4.02× |
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% |
POWI
| Distributors | $65.8M | 64% |
| Other | $10.3M | 10% |
| KR | $9.3M | 9% |
| DE | $7.1M | 7% |
| TW | $5.5M | 5% |
| Emea Other Than Germany | $5.3M | 5% |
