vs
弗雷斯特研究公司（FORR）与REGIS CORP（RGS）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REGIS CORP的1.8倍（$101.1M vs $57.1M），REGIS CORP净利率更高（0.8% vs -33.5%，领先34.3%），REGIS CORP同比增速更快（22.3% vs -6.5%），REGIS CORP自由现金流更多（$891.0K vs $-4.3M），过去两年REGIS CORP的营收复合增速更高（7.8% 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。
瑞吉斯公司是一家美国美发沙龙运营商，总部位于明尼苏达州明尼阿波利斯市。截至2021年8月，该集团旗下拥有5563家加盟沙龙以及276家直营门店，是北美地区规模领先的美发沙龙连锁经营企业。
FORR vs RGS — 直观对比
营收规模更大
FORR
是对方的1.8倍
$57.1M
营收增速更快
RGS
高出28.7%
-6.5%
净利率更高
RGS
高出34.3%
-33.5%
自由现金流更多
RGS
多$5.2M
$-4.3M
两年增速更快
RGS
近两年复合增速
0.5%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $101.1M | $57.1M |
| 净利润 | $-33.9M | $456.0K |
| 毛利率 | 56.7% | — |
| 营业利润率 | -36.6% | 10.8% |
| 净利率 | -33.5% | 0.8% |
| 营收同比 | -6.5% | 22.3% |
| 净利润同比 | -7941.4% | -94.0% |
| 每股收益（稀释后） | $-1.75 | $0.16 |
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FORRRGS
| Q4 25 | $101.1M | $57.1M | ||
| Q3 25 | $94.3M | $59.0M | ||
| Q2 25 | $111.7M | $60.4M | ||
| Q1 25 | $89.9M | $57.0M | ||
| Q4 24 | $108.0M | $46.7M | ||
| Q3 24 | $102.5M | $46.1M | ||
| Q2 24 | $121.8M | $49.4M | ||
| Q1 24 | $100.1M | $49.2M |
净利润FORRRGS
| Q4 25 | $-33.9M | $456.0K | ||
| Q3 25 | $-2.1M | $1.4M | ||
| Q2 25 | $3.9M | $116.5M | ||
| Q1 25 | $-87.3M | $250.0K | ||
| Q4 24 | $432.0K | $7.6M | ||
| Q3 24 | $-5.8M | $-853.0K | ||
| Q2 24 | $6.3M | $91.2M | ||
| Q1 24 | $-6.7M | $-2.3M |
毛利率FORRRGS
| 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FORRRGS
| Q4 25 | -36.6% | 10.8% | ||
| Q3 25 | 4.7% | 10.0% | ||
| Q2 25 | 6.2% | 12.1% | ||
| Q1 25 | -97.5% | 8.8% | ||
| Q4 24 | -0.5% | 11.8% | ||
| Q3 24 | -0.7% | 4.6% | ||
| Q2 24 | 9.3% | — | ||
| Q1 24 | -9.3% | 8.3% |
净利率FORRRGS
| Q4 25 | -33.5% | 0.8% | ||
| Q3 25 | -2.3% | 2.3% | ||
| Q2 25 | 3.5% | 192.9% | ||
| Q1 25 | -97.1% | 0.4% | ||
| Q4 24 | 0.4% | 16.4% | ||
| Q3 24 | -5.7% | -1.9% | ||
| Q2 24 | 5.2% | 184.7% | ||
| Q1 24 | -6.7% | -4.7% |
每股收益（稀释后）FORRRGS
| Q4 25 | $-1.75 | $0.16 | ||
| Q3 25 | $-0.11 | $0.49 | ||
| Q2 25 | $0.20 | $43.67 | ||
| Q1 25 | $-4.62 | $0.08 | ||
| Q4 24 | $0.02 | $2.71 | ||
| Q3 24 | $-0.30 | $-0.36 | ||
| Q2 24 | $0.33 | $38.40 | ||
| Q1 24 | $-0.35 | $-1.00 |
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 | $18.4M |
| 总债务越低越好 | — | $113.3M |
| 股东权益账面价值 | $126.5M | $188.7M |
| 总资产 | $404.0M | $588.3M |
| 负债/权益比越低杠杆越低 | — | 0.60× |
8季度趋势，按日历期对齐
现金及短期投资FORRRGS
| Q4 25 | $63.3M | $18.4M | ||
| Q3 25 | $65.1M | $16.6M | ||
| Q2 25 | $67.8M | $17.0M | ||
| Q1 25 | $75.6M | $13.3M | ||
| Q4 24 | $56.1M | $10.2M | ||
| Q3 24 | $62.8M | $6.3M | ||
| Q2 24 | $58.9M | $10.1M | ||
| Q1 24 | $61.4M | $5.9M |
总债务FORRRGS
| Q4 25 | — | $113.3M | ||
| Q3 25 | — | $111.3M | ||
| Q2 25 | — | $110.8M | ||
| Q1 25 | — | $112.0M | ||
| Q4 24 | — | $111.5M | ||
| Q3 24 | — | $95.2M | ||
| Q2 24 | — | $99.5M | ||
| Q1 24 | — | $179.7M |
股东权益FORRRGS
| Q4 25 | $126.5M | $188.7M | ||
| Q3 25 | $157.7M | $187.6M | ||
| Q2 25 | $159.5M | $185.6M | ||
| Q1 25 | $147.4M | $68.6M | ||
| Q4 24 | $229.5M | $66.7M | ||
| Q3 24 | $234.3M | $56.4M | ||
| Q2 24 | $237.1M | $56.8M | ||
| Q1 24 | $230.9M | $-35.8M |
总资产FORRRGS
| Q4 25 | $404.0M | $588.3M | ||
| Q3 25 | $414.2M | $592.1M | ||
| Q2 25 | $436.0M | $599.0M | ||
| Q1 25 | $439.8M | $511.2M | ||
| Q4 24 | $503.9M | $530.1M | ||
| Q3 24 | $505.3M | $508.9M | ||
| Q2 24 | $524.2M | $530.5M | ||
| Q1 24 | $555.7M | $543.7M |
负债/权益比FORRRGS
| Q4 25 | — | 0.60× | ||
| Q3 25 | — | 0.59× | ||
| Q2 25 | — | 0.60× | ||
| Q1 25 | — | 1.63× | ||
| Q4 24 | — | 1.67× | ||
| Q3 24 | — | 1.69× | ||
| Q2 24 | — | 1.75× | ||
| Q1 24 | — | — |
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 | $1.7M |
| 自由现金流经营现金流 - 资本支出 | $-4.3M | $891.0K |
| 自由现金流率自由现金流/营收 | -4.2% | 1.6% |
| 资本支出强度资本支出/营收 | 1.1% | 1.4% |
| 现金转化率经营现金流/净利润 | — | 3.65× |
| 过去12个月自由现金流最近4个季度 | $18.1M | $14.9M |
8季度趋势，按日历期对齐
经营现金流FORRRGS
| Q4 25 | $-3.2M | $1.7M | ||
| Q3 25 | $1.2M | $2.3M | ||
| Q2 25 | $-3.6M | $6.8M | ||
| Q1 25 | $26.7M | $6.2M | ||
| Q4 24 | $-1.8M | $2.1M | ||
| Q3 24 | $264.0K | $-1.3M | ||
| Q2 24 | $-2.9M | $5.1M | ||
| Q1 24 | $611.0K | $-277.0K |
自由现金流FORRRGS
| Q4 25 | $-4.3M | $891.0K | ||
| Q3 25 | $524.0K | $1.9M | ||
| Q2 25 | $-4.2M | $6.2M | ||
| Q1 25 | $26.1M | $5.9M | ||
| Q4 24 | $-2.5M | $1.7M | ||
| Q3 24 | $-223.0K | $-1.4M | ||
| Q2 24 | $-3.7M | $5.1M | ||
| Q1 24 | $-815.0K | $-326.0K |
自由现金流率FORRRGS
| Q4 25 | -4.2% | 1.6% | ||
| Q3 25 | 0.6% | 3.2% | ||
| Q2 25 | -3.8% | 10.3% | ||
| Q1 25 | 29.0% | 10.3% | ||
| Q4 24 | -2.3% | 3.6% | ||
| Q3 24 | -0.2% | -3.0% | ||
| Q2 24 | -3.1% | 10.3% | ||
| Q1 24 | -0.8% | -0.7% |
资本支出强度FORRRGS
| Q4 25 | 1.1% | 1.4% | ||
| Q3 25 | 0.7% | 0.7% | ||
| Q2 25 | 0.5% | 0.9% | ||
| Q1 25 | 0.7% | 0.6% | ||
| Q4 24 | 0.6% | 0.9% | ||
| Q3 24 | 0.5% | 0.0% | ||
| Q2 24 | 0.7% | 0.0% | ||
| Q1 24 | 1.4% | 0.1% |
现金转化率FORRRGS
| Q4 25 | — | 3.65× | ||
| Q3 25 | — | 1.68× | ||
| Q2 25 | -0.93× | 0.06× | ||
| Q1 25 | — | 24.80× | ||
| Q4 24 | -4.24× | 0.28× | ||
| Q3 24 | — | — | ||
| Q2 24 | -0.46× | 0.06× | ||
| 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% |
RGS
| Franchise Segment | $37.9M | 66% |
| Royalty | $13.6M | 24% |
| Other | $2.8M | 5% |
| Fees | $1.8M | 3% |
| Franchise Fees | $1.0M | 2% |
