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弗雷斯特研究公司（FORR）与Thermon Group Holdings, Inc.（THR）财务数据对比。点击上方公司名可切换其他公司
Thermon Group Holdings, Inc.的季度营收约是弗雷斯特研究公司的1.5倍（$147.3M vs $101.1M），Thermon Group Holdings, Inc.净利率更高（12.4% vs -33.5%，领先45.9%），Thermon Group Holdings, Inc.同比增速更快（9.6% vs -6.5%），Thermon Group Holdings, Inc.自由现金流更多（$13.1M vs $-4.3M）
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。
Thermon Group Holdings是全球专业热管理解决方案供应商，主打伴热系统、加热电缆、温控监测设备及相关安装支持服务，服务油气、化工、发电、食品饮料等核心工业领域，业务覆盖北美、欧洲、亚太、拉美等全球主要市场。
FORR vs THR — 直观对比
营收规模更大
THR
是对方的1.5倍
$101.1M
营收增速更快
THR
高出16.1%
-6.5%
净利率更高
THR
高出45.9%
-33.5%
自由现金流更多
THR
多$17.3M
$-4.3M
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $101.1M | $147.3M |
| 净利润 | $-33.9M | $18.3M |
| 毛利率 | 56.7% | 46.6% |
| 营业利润率 | -36.6% | 18.1% |
| 净利率 | -33.5% | 12.4% |
| 营收同比 | -6.5% | 9.6% |
| 净利润同比 | -7941.4% | -1.3% |
| 每股收益（稀释后） | $-1.75 | $0.55 |
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FORRTHR
| Q4 25 | $101.1M | $147.3M | ||
| Q3 25 | $94.3M | $131.7M | ||
| Q2 25 | $111.7M | $108.9M | ||
| Q1 25 | $89.9M | — | ||
| Q4 24 | $108.0M | — | ||
| Q3 24 | $102.5M | — | ||
| Q2 24 | $121.8M | — | ||
| Q1 24 | $100.1M | — |
净利润FORRTHR
| Q4 25 | $-33.9M | $18.3M | ||
| Q3 25 | $-2.1M | $15.0M | ||
| Q2 25 | $3.9M | $8.6M | ||
| Q1 25 | $-87.3M | — | ||
| Q4 24 | $432.0K | — | ||
| Q3 24 | $-5.8M | — | ||
| Q2 24 | $6.3M | — | ||
| Q1 24 | $-6.7M | — |
毛利率FORRTHR
| Q4 25 | 56.7% | 46.6% | ||
| Q3 25 | 60.0% | 46.4% | ||
| Q2 25 | 55.5% | 44.1% | ||
| 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FORRTHR
| Q4 25 | -36.6% | 18.1% | ||
| Q3 25 | 4.7% | 16.4% | ||
| Q2 25 | 6.2% | 10.8% | ||
| Q1 25 | -97.5% | — | ||
| Q4 24 | -0.5% | — | ||
| Q3 24 | -0.7% | — | ||
| Q2 24 | 9.3% | — | ||
| Q1 24 | -9.3% | — |
净利率FORRTHR
| Q4 25 | -33.5% | 12.4% | ||
| Q3 25 | -2.3% | 11.4% | ||
| Q2 25 | 3.5% | 7.9% | ||
| Q1 25 | -97.1% | — | ||
| Q4 24 | 0.4% | — | ||
| Q3 24 | -5.7% | — | ||
| Q2 24 | 5.2% | — | ||
| Q1 24 | -6.7% | — |
每股收益（稀释后）FORRTHR
| Q4 25 | $-1.75 | $0.55 | ||
| Q3 25 | $-0.11 | $0.45 | ||
| Q2 25 | $0.20 | $0.26 | ||
| Q1 25 | $-4.62 | — | ||
| Q4 24 | $0.02 | — | ||
| Q3 24 | $-0.30 | — | ||
| Q2 24 | $0.33 | — | ||
| Q1 24 | $-0.35 | — |
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 | $46.9M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $126.5M | $538.7M |
| 总资产 | $404.0M | $816.7M |
| 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FORRTHR
| Q4 25 | $63.3M | $46.9M | ||
| Q3 25 | $65.1M | $29.7M | ||
| Q2 25 | $67.8M | $36.5M | ||
| Q1 25 | $75.6M | — | ||
| Q4 24 | $56.1M | — | ||
| Q3 24 | $62.8M | — | ||
| Q2 24 | $58.9M | — | ||
| Q1 24 | $61.4M | — |
股东权益FORRTHR
| Q4 25 | $126.5M | $538.7M | ||
| Q3 25 | $157.7M | $515.2M | ||
| Q2 25 | $159.5M | $509.3M | ||
| Q1 25 | $147.4M | — | ||
| Q4 24 | $229.5M | — | ||
| Q3 24 | $234.3M | — | ||
| Q2 24 | $237.1M | — | ||
| Q1 24 | $230.9M | — |
总资产FORRTHR
| Q4 25 | $404.0M | $816.7M | ||
| Q3 25 | $414.2M | $778.2M | ||
| Q2 25 | $436.0M | $765.3M | ||
| Q1 25 | $439.8M | — | ||
| Q4 24 | $503.9M | — | ||
| Q3 24 | $505.3M | — | ||
| Q2 24 | $524.2M | — | ||
| Q1 24 | $555.7M | — |
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 | $18.0M |
| 自由现金流经营现金流 - 资本支出 | $-4.3M | $13.1M |
| 自由现金流率自由现金流/营收 | -4.2% | 8.9% |
| 资本支出强度资本支出/营收 | 1.1% | 3.3% |
| 现金转化率经营现金流/净利润 | — | 0.98× |
| 过去12个月自由现金流最近4个季度 | $18.1M | — |
8季度趋势，按日历期对齐
经营现金流FORRTHR
| Q4 25 | $-3.2M | $18.0M | ||
| Q3 25 | $1.2M | $7.4M | ||
| Q2 25 | $-3.6M | $10.7M | ||
| Q1 25 | $26.7M | — | ||
| Q4 24 | $-1.8M | — | ||
| Q3 24 | $264.0K | — | ||
| Q2 24 | $-2.9M | — | ||
| Q1 24 | $611.0K | — |
自由现金流FORRTHR
| Q4 25 | $-4.3M | $13.1M | ||
| Q3 25 | $524.0K | $4.4M | ||
| Q2 25 | $-4.2M | $8.3M | ||
| Q1 25 | $26.1M | — | ||
| Q4 24 | $-2.5M | — | ||
| Q3 24 | $-223.0K | — | ||
| Q2 24 | $-3.7M | — | ||
| Q1 24 | $-815.0K | — |
自由现金流率FORRTHR
| Q4 25 | -4.2% | 8.9% | ||
| Q3 25 | 0.6% | 3.3% | ||
| Q2 25 | -3.8% | 7.6% | ||
| Q1 25 | 29.0% | — | ||
| Q4 24 | -2.3% | — | ||
| Q3 24 | -0.2% | — | ||
| Q2 24 | -3.1% | — | ||
| Q1 24 | -0.8% | — |
资本支出强度FORRTHR
| Q4 25 | 1.1% | 3.3% | ||
| Q3 25 | 0.7% | 2.3% | ||
| Q2 25 | 0.5% | 2.2% | ||
| Q1 25 | 0.7% | — | ||
| Q4 24 | 0.6% | — | ||
| Q3 24 | 0.5% | — | ||
| Q2 24 | 0.7% | — | ||
| Q1 24 | 1.4% | — |
现金转化率FORRTHR
| Q4 25 | — | 0.98× | ||
| Q3 25 | — | 0.50× | ||
| Q2 25 | -0.93× | 1.25× | ||
| Q1 25 | — | — | ||
| Q4 24 | -4.24× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | -0.46× | — | ||
| 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% |
THR
| Other | $73.7M | 50% |
| Transferred At Point In Time | $56.1M | 38% |
| Transferred Over Time | $17.5M | 12% |
