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弗雷斯特研究公司（FORR）与SONIDA SENIOR LIVING, INC.（SNDA）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SONIDA SENIOR LIVING, INC.的1.0倍（$101.1M vs $97.7M），SONIDA SENIOR LIVING, INC.净利率更高（-30.5% vs -33.5%，领先3.0%），SONIDA SENIOR LIVING, INC.同比增速更快（6.2% vs -6.5%），弗雷斯特研究公司自由现金流更多（$-4.3M vs $-9.3M），过去两年SONIDA SENIOR LIVING, INC.的营收复合增速更高（20.3% 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。
Sonida Senior Living, Inc.是美国领先的养老社区运营商、所有者与投资方，按容纳居住人数规模位居行业前列。该公司及前身自1990年起深耕养老住房服务，截至2025年6月1日，已在美国20个州运营96个养老社区，总可容纳超1万名长者，其中83个为公司自有产权社区，13个为第三方委托管理社区。
FORR vs SNDA — 直观对比
营收规模更大
FORR
是对方的1.0倍
$97.7M
营收增速更快
SNDA
高出12.7%
-6.5%
净利率更高
SNDA
高出3.0%
-33.5%
自由现金流更多
FORR
多$5.0M
$-9.3M
两年增速更快
SNDA
近两年复合增速
0.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $101.1M | $97.7M |
| 净利润 | $-33.9M | $-29.8M |
| 毛利率 | 56.7% | — |
| 营业利润率 | -36.6% | -30.8% |
| 净利率 | -33.5% | -30.5% |
| 营收同比 | -6.5% | 6.2% |
| 净利润同比 | -7941.4% | -441.0% |
| 每股收益（稀释后） | $-1.75 | $-1.73 |
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FORRSNDA
| Q4 25 | $101.1M | $97.7M | ||
| Q3 25 | $94.3M | $98.0M | ||
| Q2 25 | $111.7M | $93.5M | ||
| Q1 25 | $89.9M | $91.9M | ||
| Q4 24 | $108.0M | $91.9M | ||
| Q3 24 | $102.5M | $74.8M | ||
| Q2 24 | $121.8M | $70.2M | ||
| Q1 24 | $100.1M | $67.4M |
净利润FORRSNDA
| Q4 25 | $-33.9M | $-29.8M | ||
| Q3 25 | $-2.1M | $-26.9M | ||
| Q2 25 | $3.9M | $-1.6M | ||
| Q1 25 | $-87.3M | $-12.5M | ||
| Q4 24 | $432.0K | $-5.5M | ||
| Q3 24 | $-5.8M | $-13.8M | ||
| Q2 24 | $6.3M | $-9.8M | ||
| Q1 24 | $-6.7M | $27.0M |
毛利率FORRSNDA
| 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FORRSNDA
| Q4 25 | -36.6% | -30.8% | ||
| Q3 25 | 4.7% | -27.8% | ||
| Q2 25 | 6.2% | -2.0% | ||
| Q1 25 | -97.5% | 21.9% | ||
| Q4 24 | -0.5% | -6.7% | ||
| Q3 24 | -0.7% | -19.0% | ||
| Q2 24 | 9.3% | -13.9% | ||
| Q1 24 | -9.3% | 22.1% |
净利率FORRSNDA
| Q4 25 | -33.5% | -30.5% | ||
| Q3 25 | -2.3% | -27.4% | ||
| Q2 25 | 3.5% | -1.7% | ||
| Q1 25 | -97.1% | -13.6% | ||
| Q4 24 | 0.4% | -6.0% | ||
| Q3 24 | -5.7% | -18.4% | ||
| Q2 24 | 5.2% | -14.0% | ||
| Q1 24 | -6.7% | 40.1% |
每股收益（稀释后）FORRSNDA
| Q4 25 | $-1.75 | $-1.73 | ||
| Q3 25 | $-0.11 | $-1.56 | ||
| Q2 25 | $0.20 | $-0.16 | ||
| Q1 25 | $-4.62 | $-0.77 | ||
| Q4 24 | $0.02 | $-0.86 | ||
| Q3 24 | $-0.30 | $-0.98 | ||
| Q2 24 | $0.33 | $-0.86 | ||
| Q1 24 | $-0.35 | $2.16 |
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 | $11.0M |
| 总债务越低越好 | — | $689.7M |
| 股东权益账面价值 | $126.5M | $-11.0K |
| 总资产 | $404.0M | $844.8M |
| 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FORRSNDA
| Q4 25 | $63.3M | $11.0M | ||
| Q3 25 | $65.1M | $17.0M | ||
| Q2 25 | $67.8M | $14.1M | ||
| Q1 25 | $75.6M | $14.0M | ||
| Q4 24 | $56.1M | $17.0M | ||
| Q3 24 | $62.8M | $24.9M | ||
| Q2 24 | $58.9M | $9.5M | ||
| Q1 24 | $61.4M | $24.2M |
总债务FORRSNDA
| Q4 25 | — | $689.7M | ||
| Q3 25 | — | $684.4M | ||
| Q2 25 | — | $677.9M | ||
| Q1 25 | — | $650.9M | ||
| Q4 24 | — | $651.4M | ||
| Q3 24 | — | $604.1M | ||
| Q2 24 | — | $583.8M | ||
| Q1 24 | — | $578.1M |
股东权益FORRSNDA
| Q4 25 | $126.5M | $-11.0K | ||
| Q3 25 | $157.7M | $29.8M | ||
| Q2 25 | $159.5M | $56.7M | ||
| Q1 25 | $147.4M | $58.8M | ||
| Q4 24 | $229.5M | $71.8M | ||
| Q3 24 | $234.3M | $77.5M | ||
| Q2 24 | $237.1M | $-34.1M | ||
| Q1 24 | $230.9M | $-41.4M |
总资产FORRSNDA
| Q4 25 | $404.0M | $844.8M | ||
| Q3 25 | $414.2M | $854.8M | ||
| Q2 25 | $436.0M | $849.8M | ||
| Q1 25 | $439.8M | $824.5M | ||
| Q4 24 | $503.9M | $841.9M | ||
| Q3 24 | $505.3M | $796.2M | ||
| Q2 24 | $524.2M | $652.2M | ||
| Q1 24 | $555.7M | $636.3M |
负债/权益比FORRSNDA
| Q4 25 | — | — | ||
| Q3 25 | — | 22.99× | ||
| Q2 25 | — | 11.96× | ||
| Q1 25 | — | 11.08× | ||
| Q4 24 | — | 9.07× | ||
| Q3 24 | — | 7.79× | ||
| Q2 24 | — | — | ||
| 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 | $-400.0K |
| 自由现金流经营现金流 - 资本支出 | $-4.3M | $-9.3M |
| 自由现金流率自由现金流/营收 | -4.2% | -9.5% |
| 资本支出强度资本支出/营收 | 1.1% | 9.1% |
| 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 | $-8.9M |
8季度趋势，按日历期对齐
经营现金流FORRSNDA
| Q4 25 | $-3.2M | $-400.0K | ||
| Q3 25 | $1.2M | $12.0M | ||
| Q2 25 | $-3.6M | $8.9M | ||
| Q1 25 | $26.7M | $3.8M | ||
| Q4 24 | $-1.8M | $-3.1M | ||
| Q3 24 | $264.0K | $3.0M | ||
| Q2 24 | $-2.9M | $2.5M | ||
| Q1 24 | $611.0K | $-4.1M |
自由现金流FORRSNDA
| Q4 25 | $-4.3M | $-9.3M | ||
| Q3 25 | $524.0K | $3.0M | ||
| Q2 25 | $-4.2M | $1.9M | ||
| Q1 25 | $26.1M | $-4.5M | ||
| Q4 24 | $-2.5M | $-10.4M | ||
| Q3 24 | $-223.0K | $-5.1M | ||
| Q2 24 | $-3.7M | $-1.7M | ||
| Q1 24 | $-815.0K | $-9.9M |
自由现金流率FORRSNDA
| Q4 25 | -4.2% | -9.5% | ||
| Q3 25 | 0.6% | 3.0% | ||
| Q2 25 | -3.8% | 2.1% | ||
| Q1 25 | 29.0% | -4.9% | ||
| Q4 24 | -2.3% | -11.3% | ||
| Q3 24 | -0.2% | -6.8% | ||
| Q2 24 | -3.1% | -2.4% | ||
| Q1 24 | -0.8% | -14.6% |
资本支出强度FORRSNDA
| Q4 25 | 1.1% | 9.1% | ||
| Q3 25 | 0.7% | 9.2% | ||
| Q2 25 | 0.5% | 7.5% | ||
| Q1 25 | 0.7% | 9.1% | ||
| Q4 24 | 0.6% | 7.9% | ||
| Q3 24 | 0.5% | 10.8% | ||
| Q2 24 | 0.7% | 5.9% | ||
| Q1 24 | 1.4% | 8.5% |
现金转化率FORRSNDA
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | -0.93× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | -4.24× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | -0.46× | — | ||
| Q1 24 | — | -0.15× |
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% |
SNDA
| Health Care Resident Service | $86.3M | 88% |
| Community Reimbursement Revenue | $10.3M | 11% |
| Management Service | $1.1M | 1% |
