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弗雷斯特研究公司（FORR）与null（SWIM）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null的1.0倍（$101.1M vs $100.0M），null净利率更高（-7.0% vs -33.5%，领先26.5%），null同比增速更快（14.5% vs -6.5%），null自由现金流更多（$14.1M 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 -4.9%）
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。
该企业是一家源自美国的跨国律师事务所，1934年创立于加利福尼亚州洛杉矶，在诉讼业务、公司法务以及监管合规法律领域拥有深厚的行业积累与知名度，是全球颇具影响力的综合性律所之一。
FORR vs SWIM — 直观对比
营收规模更大
FORR
是对方的1.0倍
$100.0M
营收增速更快
SWIM
高出21.0%
-6.5%
净利率更高
SWIM
高出26.5%
-33.5%
自由现金流更多
SWIM
多$18.4M
$-4.3M
两年增速更快
FORR
近两年复合增速
-4.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $101.1M | $100.0M |
| 净利润 | $-33.9M | $-7.0M |
| 毛利率 | 56.7% | 28.0% |
| 营业利润率 | -36.6% | -10.7% |
| 净利率 | -33.5% | -7.0% |
| 营收同比 | -6.5% | 14.5% |
| 净利润同比 | -7941.4% | 76.0% |
| 每股收益（稀释后） | $-1.75 | $-0.06 |
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FORRSWIM
| Q4 25 | $101.1M | $100.0M | ||
| Q3 25 | $94.3M | $161.9M | ||
| Q2 25 | $111.7M | $172.6M | ||
| Q1 25 | $89.9M | $111.4M | ||
| Q4 24 | $108.0M | $87.3M | ||
| Q3 24 | $102.5M | $150.5M | ||
| Q2 24 | $121.8M | $160.1M | ||
| Q1 24 | $100.1M | $110.6M |
净利润FORRSWIM
| Q4 25 | $-33.9M | $-7.0M | ||
| Q3 25 | $-2.1M | $8.1M | ||
| Q2 25 | $3.9M | $16.0M | ||
| Q1 25 | $-87.3M | $-6.0M | ||
| Q4 24 | $432.0K | $-29.2M | ||
| Q3 24 | $-5.8M | $5.9M | ||
| Q2 24 | $6.3M | $13.3M | ||
| Q1 24 | $-6.7M | $-7.9M |
毛利率FORRSWIM
| Q4 25 | 56.7% | 28.0% | ||
| Q3 25 | 60.0% | 35.4% | ||
| Q2 25 | 55.5% | 37.1% | ||
| Q1 25 | 55.9% | 29.5% | ||
| Q4 24 | 58.8% | 24.6% | ||
| Q3 24 | 60.5% | 32.4% | ||
| Q2 24 | 57.3% | 33.1% | ||
| Q1 24 | 54.9% | 27.7% |
营业利润率FORRSWIM
| Q4 25 | -36.6% | -10.7% | ||
| Q3 25 | 4.7% | 13.3% | ||
| Q2 25 | 6.2% | 14.3% | ||
| Q1 25 | -97.5% | -4.4% | ||
| Q4 24 | -0.5% | -14.9% | ||
| Q3 24 | -0.7% | 8.9% | ||
| Q2 24 | 9.3% | 12.5% | ||
| Q1 24 | -9.3% | -1.9% |
净利率FORRSWIM
| Q4 25 | -33.5% | -7.0% | ||
| Q3 25 | -2.3% | 5.0% | ||
| Q2 25 | 3.5% | 9.3% | ||
| Q1 25 | -97.1% | -5.4% | ||
| Q4 24 | 0.4% | -33.4% | ||
| Q3 24 | -5.7% | 3.9% | ||
| Q2 24 | 5.2% | 8.3% | ||
| Q1 24 | -6.7% | -7.1% |
每股收益（稀释后）FORRSWIM
| Q4 25 | $-1.75 | $-0.06 | ||
| Q3 25 | $-0.11 | $0.07 | ||
| Q2 25 | $0.20 | $0.13 | ||
| Q1 25 | $-4.62 | $-0.05 | ||
| Q4 24 | $0.02 | $-0.24 | ||
| Q3 24 | $-0.30 | $0.05 | ||
| Q2 24 | $0.33 | $0.11 | ||
| 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 | — |
| 总债务越低越好 | — | $279.8M |
| 股东权益账面价值 | $126.5M | $405.9M |
| 总资产 | $404.0M | $823.2M |
| 负债/权益比越低杠杆越低 | — | 0.69× |
8季度趋势，按日历期对齐
现金及短期投资FORRSWIM
| Q4 25 | $63.3M | — | ||
| Q3 25 | $65.1M | — | ||
| Q2 25 | $67.8M | — | ||
| Q1 25 | $75.6M | — | ||
| Q4 24 | $56.1M | — | ||
| Q3 24 | $62.8M | — | ||
| Q2 24 | $58.9M | — | ||
| Q1 24 | $61.4M | — |
总债务FORRSWIM
| Q4 25 | — | $279.8M | ||
| Q3 25 | — | $281.1M | ||
| Q2 25 | — | $281.5M | ||
| Q1 25 | — | $306.9M | ||
| Q4 24 | — | $281.5M | ||
| Q3 24 | — | $282.8M | ||
| Q2 24 | — | $282.4M | ||
| Q1 24 | — | $282.8M |
股东权益FORRSWIM
| Q4 25 | $126.5M | $405.9M | ||
| Q3 25 | $157.7M | $408.4M | ||
| Q2 25 | $159.5M | $398.4M | ||
| Q1 25 | $147.4M | $381.1M | ||
| Q4 24 | $229.5M | $387.2M | ||
| Q3 24 | $234.3M | $416.6M | ||
| Q2 24 | $237.1M | $408.1M | ||
| Q1 24 | $230.9M | $391.8M |
总资产FORRSWIM
| Q4 25 | $404.0M | $823.2M | ||
| Q3 25 | $414.2M | $844.4M | ||
| Q2 25 | $436.0M | $822.1M | ||
| Q1 25 | $439.8M | $824.6M | ||
| Q4 24 | $503.9M | $794.2M | ||
| Q3 24 | $505.3M | $853.4M | ||
| Q2 24 | $524.2M | $830.0M | ||
| Q1 24 | $555.7M | $808.6M |
负债/权益比FORRSWIM
| Q4 25 | — | 0.69× | ||
| Q3 25 | — | 0.69× | ||
| Q2 25 | — | 0.71× | ||
| Q1 25 | — | 0.81× | ||
| Q4 24 | — | 0.73× | ||
| Q3 24 | — | 0.68× | ||
| Q2 24 | — | 0.69× | ||
| Q1 24 | — | 0.72× |
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 | $23.3M |
| 自由现金流经营现金流 - 资本支出 | $-4.3M | $14.1M |
| 自由现金流率自由现金流/营收 | -4.2% | 14.1% |
| 资本支出强度资本支出/营收 | 1.1% | 9.2% |
| 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 | $38.0M |
8季度趋势，按日历期对齐
经营现金流FORRSWIM
| Q4 25 | $-3.2M | $23.3M | ||
| Q3 25 | $1.2M | $51.0M | ||
| Q2 25 | $-3.6M | $36.0M | ||
| Q1 25 | $26.7M | $-46.9M | ||
| Q4 24 | $-1.8M | $6.2M | ||
| Q3 24 | $264.0K | $37.2M | ||
| Q2 24 | $-2.9M | $52.4M | ||
| Q1 24 | $611.0K | $-34.5M |
自由现金流FORRSWIM
| Q4 25 | $-4.3M | $14.1M | ||
| Q3 25 | $524.0K | $45.2M | ||
| Q2 25 | $-4.2M | $29.1M | ||
| Q1 25 | $26.1M | $-50.3M | ||
| Q4 24 | $-2.5M | $-98.0K | ||
| Q3 24 | $-223.0K | $33.2M | ||
| Q2 24 | $-3.7M | $47.9M | ||
| Q1 24 | $-815.0K | $-39.9M |
自由现金流率FORRSWIM
| Q4 25 | -4.2% | 14.1% | ||
| Q3 25 | 0.6% | 27.9% | ||
| Q2 25 | -3.8% | 16.8% | ||
| Q1 25 | 29.0% | -45.2% | ||
| Q4 24 | -2.3% | -0.1% | ||
| Q3 24 | -0.2% | 22.1% | ||
| Q2 24 | -3.1% | 29.9% | ||
| Q1 24 | -0.8% | -36.0% |
资本支出强度FORRSWIM
| Q4 25 | 1.1% | 9.2% | ||
| Q3 25 | 0.7% | 3.6% | ||
| Q2 25 | 0.5% | 4.0% | ||
| Q1 25 | 0.7% | 3.1% | ||
| Q4 24 | 0.6% | 7.2% | ||
| Q3 24 | 0.5% | 2.7% | ||
| Q2 24 | 0.7% | 2.8% | ||
| Q1 24 | 1.4% | 4.8% |
现金转化率FORRSWIM
| Q4 25 | — | — | ||
| Q3 25 | — | 6.29× | ||
| Q2 25 | -0.93× | 2.25× | ||
| Q1 25 | — | — | ||
| Q4 24 | -4.24× | — | ||
| Q3 24 | — | 6.32× | ||
| Q2 24 | -0.46× | 3.95× | ||
| 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% |
SWIM
| In Ground Swimming Pools | $50.2M | 50% |
| Covers | $37.0M | 37% |
| Liners | $12.7M | 13% |
