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弗雷斯特研究公司（FORR）与TFS Financial CORP（TFSL）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TFS Financial CORP的1.2倍（$101.1M vs $83.7M），TFS Financial CORP净利率更高（26.6% vs -33.5%，领先60.1%），TFS Financial CORP同比增速更快（11.9% vs -6.5%），TFS Financial CORP自由现金流更多（$57.1M vs $-4.3M），过去两年TFS Financial CORP的营收复合增速更高（4.2% 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。
TFS金融公司是一家总部位于美国的金融控股企业，主要通过旗下零售银行子公司开展业务，提供住房抵押贷款、储蓄账户及其他消费金融产品，核心客群主要分布于俄亥俄州和佛罗里达州，以个人及家庭客户为服务重心。
FORR vs TFSL — 直观对比
营收规模更大
FORR
是对方的1.2倍
$83.7M
营收增速更快
TFSL
高出18.4%
-6.5%
净利率更高
TFSL
高出60.1%
-33.5%
自由现金流更多
TFSL
多$61.4M
$-4.3M
两年增速更快
TFSL
近两年复合增速
0.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $101.1M | $83.7M |
| 净利润 | $-33.9M | $22.3M |
| 毛利率 | 56.7% | — |
| 营业利润率 | -36.6% | 34.0% |
| 净利率 | -33.5% | 26.6% |
| 营收同比 | -6.5% | 11.9% |
| 净利润同比 | -7941.4% | -0.7% |
| 每股收益（稀释后） | $-1.75 | $0.08 |
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FORRTFSL
| Q4 25 | $101.1M | $83.7M | ||
| Q3 25 | $94.3M | $85.5M | ||
| Q2 25 | $111.7M | $82.0M | ||
| Q1 25 | $89.9M | $79.1M | ||
| Q4 24 | $108.0M | $74.8M | ||
| Q3 24 | $102.5M | $75.1M | ||
| Q2 24 | $121.8M | $75.5M | ||
| Q1 24 | $100.1M | $77.1M |
净利润FORRTFSL
| Q4 25 | $-33.9M | $22.3M | ||
| Q3 25 | $-2.1M | $26.0M | ||
| Q2 25 | $3.9M | $21.5M | ||
| Q1 25 | $-87.3M | $21.0M | ||
| Q4 24 | $432.0K | $22.4M | ||
| Q3 24 | $-5.8M | $18.2M | ||
| Q2 24 | $6.3M | $20.0M | ||
| Q1 24 | $-6.7M | $20.7M |
毛利率FORRTFSL
| 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FORRTFSL
| Q4 25 | -36.6% | 34.0% | ||
| Q3 25 | 4.7% | 37.9% | ||
| Q2 25 | 6.2% | 33.3% | ||
| Q1 25 | -97.5% | 33.5% | ||
| Q4 24 | -0.5% | 37.9% | ||
| Q3 24 | -0.7% | 30.7% | ||
| Q2 24 | 9.3% | 33.4% | ||
| Q1 24 | -9.3% | 33.6% |
净利率FORRTFSL
| Q4 25 | -33.5% | 26.6% | ||
| Q3 25 | -2.3% | 30.4% | ||
| Q2 25 | 3.5% | 26.2% | ||
| Q1 25 | -97.1% | 26.6% | ||
| Q4 24 | 0.4% | 30.0% | ||
| Q3 24 | -5.7% | 24.2% | ||
| Q2 24 | 5.2% | 26.4% | ||
| Q1 24 | -6.7% | 26.9% |
每股收益（稀释后）FORRTFSL
| Q4 25 | $-1.75 | $0.08 | ||
| Q3 25 | $-0.11 | $0.09 | ||
| Q2 25 | $0.20 | $0.08 | ||
| Q1 25 | $-4.62 | $0.07 | ||
| Q4 24 | $0.02 | $0.08 | ||
| Q3 24 | $-0.30 | $0.07 | ||
| Q2 24 | $0.33 | $0.07 | ||
| 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 | $456.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $126.5M | $1.9B |
| 总资产 | $404.0M | $17.5B |
| 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FORRTFSL
| Q4 25 | $63.3M | $456.7M | ||
| Q3 25 | $65.1M | $429.4M | ||
| Q2 25 | $67.8M | $452.6M | ||
| Q1 25 | $75.6M | $463.6M | ||
| Q4 24 | $56.1M | $465.9M | ||
| Q3 24 | $62.8M | $463.7M | ||
| Q2 24 | $58.9M | $560.4M | ||
| Q1 24 | $61.4M | $594.3M |
股东权益FORRTFSL
| Q4 25 | $126.5M | $1.9B | ||
| Q3 25 | $157.7M | $1.9B | ||
| Q2 25 | $159.5M | $1.9B | ||
| Q1 25 | $147.4M | $1.9B | ||
| Q4 24 | $229.5M | $1.9B | ||
| Q3 24 | $234.3M | $1.9B | ||
| Q2 24 | $237.1M | $1.9B | ||
| Q1 24 | $230.9M | $1.9B |
总资产FORRTFSL
| Q4 25 | $404.0M | $17.5B | ||
| Q3 25 | $414.2M | $17.5B | ||
| Q2 25 | $436.0M | $17.4B | ||
| Q1 25 | $439.8M | $17.1B | ||
| Q4 24 | $503.9M | $17.1B | ||
| Q3 24 | $505.3M | $17.1B | ||
| Q2 24 | $524.2M | $17.0B | ||
| Q1 24 | $555.7M | $17.0B |
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 | $58.7M |
| 自由现金流经营现金流 - 资本支出 | $-4.3M | $57.1M |
| 自由现金流率自由现金流/营收 | -4.2% | 68.2% |
| 资本支出强度资本支出/营收 | 1.1% | 2.0% |
| 现金转化率经营现金流/净利润 | — | 2.64× |
| 过去12个月自由现金流最近4个季度 | $18.1M | $167.4M |
8季度趋势，按日历期对齐
经营现金流FORRTFSL
| Q4 25 | $-3.2M | $58.7M | ||
| Q3 25 | $1.2M | $82.4M | ||
| Q2 25 | $-3.6M | $26.8M | ||
| Q1 25 | $26.7M | $21.2M | ||
| Q4 24 | $-1.8M | $45.5M | ||
| Q3 24 | $264.0K | $88.6M | ||
| Q2 24 | $-2.9M | $96.7M | ||
| Q1 24 | $611.0K | $14.2M |
自由现金流FORRTFSL
| Q4 25 | $-4.3M | $57.1M | ||
| Q3 25 | $524.0K | $71.0M | ||
| Q2 25 | $-4.2M | $25.0M | ||
| Q1 25 | $26.1M | $14.3M | ||
| Q4 24 | $-2.5M | $44.9M | ||
| Q3 24 | $-223.0K | $85.5M | ||
| Q2 24 | $-3.7M | $95.9M | ||
| Q1 24 | $-815.0K | $13.4M |
自由现金流率FORRTFSL
| Q4 25 | -4.2% | 68.2% | ||
| Q3 25 | 0.6% | 83.0% | ||
| Q2 25 | -3.8% | 30.5% | ||
| Q1 25 | 29.0% | 18.0% | ||
| Q4 24 | -2.3% | 60.0% | ||
| Q3 24 | -0.2% | 113.8% | ||
| Q2 24 | -3.1% | 127.0% | ||
| Q1 24 | -0.8% | 17.4% |
资本支出强度FORRTFSL
| Q4 25 | 1.1% | 2.0% | ||
| Q3 25 | 0.7% | 13.4% | ||
| Q2 25 | 0.5% | 2.1% | ||
| Q1 25 | 0.7% | 8.8% | ||
| Q4 24 | 0.6% | 0.9% | ||
| Q3 24 | 0.5% | 4.1% | ||
| Q2 24 | 0.7% | 1.1% | ||
| Q1 24 | 1.4% | 1.1% |
现金转化率FORRTFSL
| Q4 25 | — | 2.64× | ||
| Q3 25 | — | 3.17× | ||
| Q2 25 | -0.93× | 1.24× | ||
| Q1 25 | — | 1.01× | ||
| Q4 24 | -4.24× | 2.03× | ||
| Q3 24 | — | 4.86× | ||
| Q2 24 | -0.46× | 4.85× | ||
| Q1 24 | — | 0.69× |
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% |
TFSL
暂无分部数据
