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弗雷斯特研究公司（FORR）与Stellar Bancorp, Inc.（STEL）财务数据对比。点击上方公司名可切换其他公司
Stellar Bancorp, Inc.的季度营收约是弗雷斯特研究公司的1.1倍（$108.9M vs $101.1M），Stellar Bancorp, Inc.净利率更高（24.0% vs -33.5%，领先57.5%），Stellar Bancorp, Inc.同比增速更快（0.8% vs -6.5%），Stellar Bancorp, Inc.自由现金流更多（$92.6M vs $-4.3M），过去两年弗雷斯特研究公司的营收复合增速更高（0.5% vs 0.2%）
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。
Stellar Bancorp, Inc.是总部位于美国的金融控股公司，通过旗下全资银行子公司开展运营，提供全品类零售及商业银行服务，覆盖存款产品、个人及商业贷款、抵押贷款、财富管理解决方案，服务客群包括个人消费者、小微企业及区域企业客户。
FORR vs STEL — 直观对比
营收规模更大
STEL
是对方的1.1倍
$101.1M
营收增速更快
STEL
高出7.3%
-6.5%
净利率更高
STEL
高出57.5%
-33.5%
自由现金流更多
STEL
多$96.9M
$-4.3M
两年增速更快
FORR
近两年复合增速
0.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $101.1M | $108.9M |
| 净利润 | $-33.9M | $26.1M |
| 毛利率 | 56.7% | — |
| 营业利润率 | -36.6% | 29.0% |
| 净利率 | -33.5% | 24.0% |
| 营收同比 | -6.5% | 0.8% |
| 净利润同比 | -7941.4% | 3.7% |
| 每股收益（稀释后） | $-1.75 | $0.52 |
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FORRSTEL
| Q4 25 | $101.1M | $108.9M | ||
| Q3 25 | $94.3M | $105.6M | ||
| Q2 25 | $111.7M | $104.1M | ||
| Q1 25 | $89.9M | $104.8M | ||
| Q4 24 | $108.0M | $108.0M | ||
| Q3 24 | $102.5M | $107.8M | ||
| Q2 24 | $121.8M | $106.8M | ||
| Q1 24 | $100.1M | $108.4M |
净利润FORRSTEL
| Q4 25 | $-33.9M | $26.1M | ||
| Q3 25 | $-2.1M | $25.7M | ||
| Q2 25 | $3.9M | $26.4M | ||
| Q1 25 | $-87.3M | $24.7M | ||
| Q4 24 | $432.0K | $25.2M | ||
| Q3 24 | $-5.8M | $33.9M | ||
| Q2 24 | $6.3M | $29.8M | ||
| Q1 24 | $-6.7M | $26.1M |
毛利率FORRSTEL
| 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FORRSTEL
| Q4 25 | -36.6% | 29.0% | ||
| Q3 25 | 4.7% | 30.5% | ||
| Q2 25 | 6.2% | 31.7% | ||
| Q1 25 | -97.5% | 29.6% | ||
| Q4 24 | -0.5% | 29.4% | ||
| Q3 24 | -0.7% | 39.6% | ||
| Q2 24 | 9.3% | 35.1% | ||
| Q1 24 | -9.3% | 30.4% |
净利率FORRSTEL
| Q4 25 | -33.5% | 24.0% | ||
| Q3 25 | -2.3% | 24.3% | ||
| Q2 25 | 3.5% | 25.3% | ||
| Q1 25 | -97.1% | 23.6% | ||
| Q4 24 | 0.4% | 23.3% | ||
| Q3 24 | -5.7% | 31.4% | ||
| Q2 24 | 5.2% | 27.9% | ||
| Q1 24 | -6.7% | 24.1% |
每股收益（稀释后）FORRSTEL
| Q4 25 | $-1.75 | $0.52 | ||
| Q3 25 | $-0.11 | $0.50 | ||
| Q2 25 | $0.20 | $0.51 | ||
| Q1 25 | $-4.62 | $0.46 | ||
| Q4 24 | $0.02 | $0.47 | ||
| Q3 24 | $-0.30 | $0.63 | ||
| Q2 24 | $0.33 | $0.56 | ||
| Q1 24 | $-0.35 | $0.49 |
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 | $419.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $126.5M | $1.7B |
| 总资产 | $404.0M | $10.8B |
| 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FORRSTEL
| Q4 25 | $63.3M | $419.5M | ||
| Q3 25 | $65.1M | $728.4M | ||
| Q2 25 | $67.8M | $578.1M | ||
| Q1 25 | $75.6M | $560.6M | ||
| Q4 24 | $56.1M | $911.2M | ||
| Q3 24 | $62.8M | $516.2M | ||
| Q2 24 | $58.9M | $490.3M | ||
| Q1 24 | $61.4M | $399.7M |
股东权益FORRSTEL
| Q4 25 | $126.5M | $1.7B | ||
| Q3 25 | $157.7M | $1.7B | ||
| Q2 25 | $159.5M | $1.6B | ||
| Q1 25 | $147.4M | $1.6B | ||
| Q4 24 | $229.5M | $1.6B | ||
| Q3 24 | $234.3M | $1.6B | ||
| Q2 24 | $237.1M | $1.6B | ||
| Q1 24 | $230.9M | $1.5B |
总资产FORRSTEL
| Q4 25 | $404.0M | $10.8B | ||
| Q3 25 | $414.2M | $10.6B | ||
| Q2 25 | $436.0M | $10.5B | ||
| Q1 25 | $439.8M | $10.4B | ||
| Q4 24 | $503.9M | $10.9B | ||
| Q3 24 | $505.3M | $10.6B | ||
| Q2 24 | $524.2M | $10.7B | ||
| Q1 24 | $555.7M | $10.7B |
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 | $97.0M |
| 自由现金流经营现金流 - 资本支出 | $-4.3M | $92.6M |
| 自由现金流率自由现金流/营收 | -4.2% | 85.0% |
| 资本支出强度资本支出/营收 | 1.1% | 4.0% |
| 现金转化率经营现金流/净利润 | — | 3.71× |
| 过去12个月自由现金流最近4个季度 | $18.1M | $173.2M |
8季度趋势，按日历期对齐
经营现金流FORRSTEL
| Q4 25 | $-3.2M | $97.0M | ||
| Q3 25 | $1.2M | $63.6M | ||
| Q2 25 | $-3.6M | $25.8M | ||
| Q1 25 | $26.7M | $-5.7M | ||
| Q4 24 | $-1.8M | $132.6M | ||
| Q3 24 | $264.0K | $59.5M | ||
| Q2 24 | $-2.9M | $38.1M | ||
| Q1 24 | $611.0K | $31.1M |
自由现金流FORRSTEL
| Q4 25 | $-4.3M | $92.6M | ||
| Q3 25 | $524.0K | $62.5M | ||
| Q2 25 | $-4.2M | $24.5M | ||
| Q1 25 | $26.1M | $-6.4M | ||
| Q4 24 | $-2.5M | $128.0M | ||
| Q3 24 | $-223.0K | $57.7M | ||
| Q2 24 | $-3.7M | $37.1M | ||
| Q1 24 | $-815.0K | $30.5M |
自由现金流率FORRSTEL
| Q4 25 | -4.2% | 85.0% | ||
| Q3 25 | 0.6% | 59.2% | ||
| Q2 25 | -3.8% | 23.6% | ||
| Q1 25 | 29.0% | -6.2% | ||
| Q4 24 | -2.3% | 118.5% | ||
| Q3 24 | -0.2% | 53.5% | ||
| Q2 24 | -3.1% | 34.8% | ||
| Q1 24 | -0.8% | 28.2% |
资本支出强度FORRSTEL
| Q4 25 | 1.1% | 4.0% | ||
| Q3 25 | 0.7% | 1.1% | ||
| Q2 25 | 0.5% | 1.2% | ||
| Q1 25 | 0.7% | 0.7% | ||
| Q4 24 | 0.6% | 4.3% | ||
| Q3 24 | 0.5% | 1.7% | ||
| Q2 24 | 0.7% | 0.9% | ||
| Q1 24 | 1.4% | 0.5% |
现金转化率FORRSTEL
| Q4 25 | — | 3.71× | ||
| Q3 25 | — | 2.48× | ||
| Q2 25 | -0.93× | 0.98× | ||
| Q1 25 | — | -0.23× | ||
| Q4 24 | -4.24× | 5.26× | ||
| Q3 24 | — | 1.76× | ||
| Q2 24 | -0.46× | 1.28× | ||
| Q1 24 | — | 1.19× |
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% |
STEL
暂无分部数据
