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弗雷斯特研究公司（FORR）与UFP TECHNOLOGIES INC（UFPT）财务数据对比。点击上方公司名可切换其他公司
UFP TECHNOLOGIES INC的季度营收约是弗雷斯特研究公司的1.5倍（$148.9M vs $101.1M），UFP TECHNOLOGIES INC净利率更高（11.8% vs -33.5%，领先45.3%），UFP TECHNOLOGIES INC同比增速更快（3.4% vs -6.5%），过去两年UFP TECHNOLOGIES INC的营收复合增速更高（19.1% 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。
UFP科技是美国跨国企业，专注于医疗设备、无菌包装及其他高工程化定制产品的研发与定制生产，为各领域客户提供一体化解决方案，在精密制造与医疗配套领域拥有深厚的技术积累。
FORR vs UFPT — 直观对比
营收规模更大
UFPT
是对方的1.5倍
$101.1M
营收增速更快
UFPT
高出9.8%
-6.5%
净利率更高
UFPT
高出45.3%
-33.5%
两年增速更快
UFPT
近两年复合增速
0.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $101.1M | $148.9M |
| 净利润 | $-33.9M | $17.6M |
| 毛利率 | 56.7% | 28.2% |
| 营业利润率 | -36.6% | 14.4% |
| 净利率 | -33.5% | 11.8% |
| 营收同比 | -6.5% | 3.4% |
| 净利润同比 | -7941.4% | 7.3% |
| 每股收益（稀释后） | $-1.75 | $2.22 |
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FORRUFPT
| Q4 25 | $101.1M | $148.9M | ||
| Q3 25 | $94.3M | $154.6M | ||
| Q2 25 | $111.7M | $151.2M | ||
| Q1 25 | $89.9M | $148.1M | ||
| Q4 24 | $108.0M | $144.1M | ||
| Q3 24 | $102.5M | $145.2M | ||
| Q2 24 | $121.8M | $110.2M | ||
| Q1 24 | $100.1M | $105.0M |
净利润FORRUFPT
| Q4 25 | $-33.9M | $17.6M | ||
| Q3 25 | $-2.1M | $16.4M | ||
| Q2 25 | $3.9M | $17.2M | ||
| Q1 25 | $-87.3M | $17.2M | ||
| Q4 24 | $432.0K | $16.4M | ||
| Q3 24 | $-5.8M | $16.4M | ||
| Q2 24 | $6.3M | $13.6M | ||
| Q1 24 | $-6.7M | $12.7M |
毛利率FORRUFPT
| Q4 25 | 56.7% | 28.2% | ||
| Q3 25 | 60.0% | 27.7% | ||
| Q2 25 | 55.5% | 28.8% | ||
| Q1 25 | 55.9% | 28.5% | ||
| Q4 24 | 58.8% | 29.2% | ||
| Q3 24 | 60.5% | 28.6% | ||
| Q2 24 | 57.3% | 30.0% | ||
| Q1 24 | 54.9% | 28.6% |
营业利润率FORRUFPT
| Q4 25 | -36.6% | 14.4% | ||
| Q3 25 | 4.7% | 15.1% | ||
| Q2 25 | 6.2% | 16.1% | ||
| Q1 25 | -97.5% | 15.6% | ||
| Q4 24 | -0.5% | 15.4% | ||
| Q3 24 | -0.7% | 17.1% | ||
| Q2 24 | 9.3% | 16.3% | ||
| Q1 24 | -9.3% | 15.2% |
净利率FORRUFPT
| Q4 25 | -33.5% | 11.8% | ||
| Q3 25 | -2.3% | 10.6% | ||
| Q2 25 | 3.5% | 11.4% | ||
| Q1 25 | -97.1% | 11.6% | ||
| Q4 24 | 0.4% | 11.4% | ||
| Q3 24 | -5.7% | 11.3% | ||
| Q2 24 | 5.2% | 12.3% | ||
| Q1 24 | -6.7% | 12.1% |
每股收益（稀释后）FORRUFPT
| Q4 25 | $-1.75 | $2.22 | ||
| Q3 25 | $-0.11 | $2.11 | ||
| Q2 25 | $0.20 | $2.21 | ||
| Q1 25 | $-4.62 | $2.21 | ||
| Q4 24 | $0.02 | $2.08 | ||
| Q3 24 | $-0.30 | $2.11 | ||
| Q2 24 | $0.33 | $1.75 | ||
| Q1 24 | $-0.35 | $1.64 |
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 | $20.3M |
| 总债务越低越好 | — | $135.5M |
| 股东权益账面价值 | $126.5M | $423.9M |
| 总资产 | $404.0M | $655.1M |
| 负债/权益比越低杠杆越低 | — | 0.32× |
8季度趋势，按日历期对齐
现金及短期投资FORRUFPT
| Q4 25 | $63.3M | $20.3M | ||
| Q3 25 | $65.1M | $18.2M | ||
| Q2 25 | $67.8M | $14.9M | ||
| Q1 25 | $75.6M | $14.0M | ||
| Q4 24 | $56.1M | $13.4M | ||
| Q3 24 | $62.8M | $16.4M | ||
| Q2 24 | $58.9M | $16.7M | ||
| Q1 24 | $61.4M | $11.4M |
总债务FORRUFPT
| Q4 25 | — | $135.5M | ||
| Q3 25 | — | $146.1M | ||
| Q2 25 | — | $163.6M | ||
| Q1 25 | — | $163.6M | ||
| Q4 24 | — | $189.4M | ||
| Q3 24 | — | $212.0M | ||
| Q2 24 | — | $35.2M | ||
| Q1 24 | — | $34.0M |
股东权益FORRUFPT
| Q4 25 | $126.5M | $423.9M | ||
| Q3 25 | $157.7M | $403.9M | ||
| Q2 25 | $159.5M | $385.5M | ||
| Q1 25 | $147.4M | $360.7M | ||
| Q4 24 | $229.5M | $342.8M | ||
| Q3 24 | $234.3M | $329.1M | ||
| Q2 24 | $237.1M | $310.2M | ||
| Q1 24 | $230.9M | $295.0M |
总资产FORRUFPT
| Q4 25 | $404.0M | $655.1M | ||
| Q3 25 | $414.2M | $652.8M | ||
| Q2 25 | $436.0M | $634.7M | ||
| Q1 25 | $439.8M | $642.6M | ||
| Q4 24 | $503.9M | $629.0M | ||
| Q3 24 | $505.3M | $638.5M | ||
| Q2 24 | $524.2M | $422.4M | ||
| Q1 24 | $555.7M | $407.7M |
负债/权益比FORRUFPT
| Q4 25 | — | 0.32× | ||
| Q3 25 | — | 0.36× | ||
| Q2 25 | — | 0.42× | ||
| Q1 25 | — | 0.45× | ||
| Q4 24 | — | 0.55× | ||
| Q3 24 | — | 0.64× | ||
| Q2 24 | — | 0.11× | ||
| Q1 24 | — | 0.12× |
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 | $16.8M |
| 自由现金流经营现金流 - 资本支出 | $-4.3M | — |
| 自由现金流率自由现金流/营收 | -4.2% | — |
| 资本支出强度资本支出/营收 | 1.1% | — |
| 现金转化率经营现金流/净利润 | — | 0.96× |
| 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FORRUFPT
| Q4 25 | $-3.2M | $16.8M | ||
| Q3 25 | $1.2M | $35.9M | ||
| Q2 25 | $-3.6M | $25.3M | ||
| Q1 25 | $26.7M | $13.8M | ||
| Q4 24 | $-1.8M | $24.4M | ||
| Q3 24 | $264.0K | $19.8M | ||
| Q2 24 | $-2.9M | $11.7M | ||
| Q1 24 | $611.0K | $10.7M |
自由现金流FORRUFPT
| Q4 25 | $-4.3M | — | ||
| Q3 25 | $524.0K | — | ||
| Q2 25 | $-4.2M | $22.5M | ||
| Q1 25 | $26.1M | $11.0M | ||
| Q4 24 | $-2.5M | $21.4M | ||
| Q3 24 | $-223.0K | $17.7M | ||
| Q2 24 | $-3.7M | $8.9M | ||
| Q1 24 | $-815.0K | $8.9M |
自由现金流率FORRUFPT
| Q4 25 | -4.2% | — | ||
| Q3 25 | 0.6% | — | ||
| Q2 25 | -3.8% | 14.9% | ||
| Q1 25 | 29.0% | 7.4% | ||
| Q4 24 | -2.3% | 14.9% | ||
| Q3 24 | -0.2% | 12.2% | ||
| Q2 24 | -3.1% | 8.1% | ||
| Q1 24 | -0.8% | 8.5% |
资本支出强度FORRUFPT
| Q4 25 | 1.1% | — | ||
| Q3 25 | 0.7% | — | ||
| Q2 25 | 0.5% | 1.9% | ||
| Q1 25 | 0.7% | 1.9% | ||
| Q4 24 | 0.6% | 2.1% | ||
| Q3 24 | 0.5% | 1.5% | ||
| Q2 24 | 0.7% | 2.5% | ||
| Q1 24 | 1.4% | 1.6% |
现金转化率FORRUFPT
| Q4 25 | — | 0.96× | ||
| Q3 25 | — | 2.19× | ||
| Q2 25 | -0.93× | 1.47× | ||
| Q1 25 | — | 0.80× | ||
| Q4 24 | -4.24× | 1.49× | ||
| Q3 24 | — | 1.21× | ||
| Q2 24 | -0.46× | 0.86× | ||
| Q1 24 | — | 0.84× |
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% |
UFPT
| Products | $145.1M | 97% |
| Engineering And Development | $1.8M | 1% |
