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弗雷斯特研究公司（FORR）与UNITIL CORP（UTL）财务数据对比。点击上方公司名可切换其他公司
UNITIL CORP的季度营收约是弗雷斯特研究公司的1.6倍（$161.5M vs $101.1M），UNITIL CORP净利率更高（11.8% vs -33.5%，领先45.3%），UNITIL CORP同比增速更快（26.7% vs -6.5%），弗雷斯特研究公司自由现金流更多（$-4.3M vs $-36.3M），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。
Unitil是一家跨州电力与天然气公用事业公司，业务覆盖美国新罕布什尔州、马萨诸塞州与缅因州。公司最早前身是1849年在缅因州成立的波特兰煤气灯公司，现企业主体于1984年设立，总部位于新罕布什尔州。目前公司总市值约6.8651亿美元，为约10.24万电力客户、超7.59万天然气客户提供服务。
FORR vs UTL — 直观对比
营收规模更大
UTL
是对方的1.6倍
$101.1M
营收增速更快
UTL
高出33.1%
-6.5%
净利率更高
UTL
高出45.3%
-33.5%
自由现金流更多
FORR
多$32.0M
$-36.3M
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 | $161.5M |
| 净利润 | $-33.9M | $19.0M |
| 毛利率 | 56.7% | — |
| 营业利润率 | -36.6% | 21.5% |
| 净利率 | -33.5% | 11.8% |
| 营收同比 | -6.5% | 26.7% |
| 净利润同比 | -7941.4% | 21.8% |
| 每股收益（稀释后） | $-1.75 | $1.05 |
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FORRUTL
| Q4 25 | $101.1M | $161.5M | ||
| Q3 25 | $94.3M | $101.1M | ||
| Q2 25 | $111.7M | $102.6M | ||
| Q1 25 | $89.9M | $170.8M | ||
| Q4 24 | $108.0M | $127.5M | ||
| Q3 24 | $102.5M | $92.9M | ||
| Q2 24 | $121.8M | $95.7M | ||
| Q1 24 | $100.1M | $178.7M |
净利润FORRUTL
| Q4 25 | $-33.9M | $19.0M | ||
| Q3 25 | $-2.1M | $-300.0K | ||
| Q2 25 | $3.9M | $4.0M | ||
| Q1 25 | $-87.3M | $27.5M | ||
| Q4 24 | $432.0K | $15.6M | ||
| Q3 24 | $-5.8M | $0 | ||
| Q2 24 | $6.3M | $4.3M | ||
| Q1 24 | $-6.7M | $27.2M |
毛利率FORRUTL
| 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FORRUTL
| Q4 25 | -36.6% | 21.5% | ||
| Q3 25 | 4.7% | 6.9% | ||
| Q2 25 | 6.2% | 13.0% | ||
| Q1 25 | -97.5% | 27.0% | ||
| Q4 24 | -0.5% | 22.1% | ||
| Q3 24 | -0.7% | 6.2% | ||
| Q2 24 | 9.3% | 13.0% | ||
| Q1 24 | -9.3% | 24.7% |
净利率FORRUTL
| Q4 25 | -33.5% | 11.8% | ||
| Q3 25 | -2.3% | -0.3% | ||
| Q2 25 | 3.5% | 3.9% | ||
| Q1 25 | -97.1% | 16.1% | ||
| Q4 24 | 0.4% | 12.2% | ||
| Q3 24 | -5.7% | — | ||
| Q2 24 | 5.2% | 4.5% | ||
| Q1 24 | -6.7% | 15.2% |
每股收益（稀释后）FORRUTL
| Q4 25 | $-1.75 | $1.05 | ||
| Q3 25 | $-0.11 | $-0.02 | ||
| Q2 25 | $0.20 | $0.25 | ||
| Q1 25 | $-4.62 | $1.69 | ||
| Q4 24 | $0.02 | $0.97 | ||
| Q3 24 | $-0.30 | $0.00 | ||
| Q2 24 | $0.33 | $0.27 | ||
| Q1 24 | $-0.35 | $1.69 |
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 | $15.6M |
| 总债务越低越好 | — | $670.5M |
| 股东权益账面价值 | $126.5M | $609.6M |
| 总资产 | $404.0M | $2.1B |
| 负债/权益比越低杠杆越低 | — | 1.10× |
8季度趋势，按日历期对齐
现金及短期投资FORRUTL
| Q4 25 | $63.3M | $15.6M | ||
| Q3 25 | $65.1M | $14.6M | ||
| Q2 25 | $67.8M | $8.5M | ||
| Q1 25 | $75.6M | $10.2M | ||
| Q4 24 | $56.1M | $6.3M | ||
| Q3 24 | $62.8M | $6.3M | ||
| Q2 24 | $58.9M | $2.8M | ||
| Q1 24 | $61.4M | $6.3M |
总债务FORRUTL
| Q4 25 | — | $670.5M | ||
| Q3 25 | — | $670.5M | ||
| Q2 25 | — | $640.7M | ||
| Q1 25 | — | $642.1M | ||
| Q4 24 | — | $643.3M | ||
| Q3 24 | — | $643.3M | ||
| Q2 24 | — | $511.3M | ||
| Q1 24 | — | $512.8M |
股东权益FORRUTL
| Q4 25 | $126.5M | $609.6M | ||
| Q3 25 | $157.7M | $597.2M | ||
| Q2 25 | $159.5M | $532.8M | ||
| Q1 25 | $147.4M | $534.1M | ||
| Q4 24 | $229.5M | $512.5M | ||
| Q3 24 | $234.3M | $502.4M | ||
| Q2 24 | $237.1M | $508.8M | ||
| Q1 24 | $230.9M | $510.8M |
总资产FORRUTL
| Q4 25 | $404.0M | $2.1B | ||
| Q3 25 | $414.2M | $1.9B | ||
| Q2 25 | $436.0M | $1.9B | ||
| Q1 25 | $439.8M | $1.9B | ||
| Q4 24 | $503.9M | $1.8B | ||
| Q3 24 | $505.3M | $1.7B | ||
| Q2 24 | $524.2M | $1.7B | ||
| Q1 24 | $555.7M | $1.7B |
负债/权益比FORRUTL
| Q4 25 | — | 1.10× | ||
| Q3 25 | — | 1.12× | ||
| Q2 25 | — | 1.20× | ||
| Q1 25 | — | 1.20× | ||
| Q4 24 | — | 1.26× | ||
| Q3 24 | — | 1.28× | ||
| Q2 24 | — | 1.00× | ||
| Q1 24 | — | 1.00× |
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 | $21.4M |
| 自由现金流经营现金流 - 资本支出 | $-4.3M | $-36.3M |
| 自由现金流率自由现金流/营收 | -4.2% | -22.5% |
| 资本支出强度资本支出/营收 | 1.1% | 35.7% |
| 现金转化率经营现金流/净利润 | — | 1.13× |
| 过去12个月自由现金流最近4个季度 | $18.1M | $-53.8M |
8季度趋势，按日历期对齐
经营现金流FORRUTL
| Q4 25 | $-3.2M | $21.4M | ||
| Q3 25 | $1.2M | $15.6M | ||
| Q2 25 | $-3.6M | $42.2M | ||
| Q1 25 | $26.7M | $52.1M | ||
| Q4 24 | $-1.8M | $23.3M | ||
| Q3 24 | $264.0K | $26.1M | ||
| Q2 24 | $-2.9M | $49.9M | ||
| Q1 24 | $611.0K | $26.6M |
自由现金流FORRUTL
| Q4 25 | $-4.3M | $-36.3M | ||
| Q3 25 | $524.0K | $-39.0M | ||
| Q2 25 | $-4.2M | $2.0M | ||
| Q1 25 | $26.1M | $19.5M | ||
| Q4 24 | $-2.5M | $-32.3M | ||
| Q3 24 | $-223.0K | $-31.3M | ||
| Q2 24 | $-3.7M | $13.2M | ||
| Q1 24 | $-815.0K | $6.4M |
自由现金流率FORRUTL
| Q4 25 | -4.2% | -22.5% | ||
| Q3 25 | 0.6% | -38.6% | ||
| Q2 25 | -3.8% | 1.9% | ||
| Q1 25 | 29.0% | 11.4% | ||
| Q4 24 | -2.3% | -25.3% | ||
| Q3 24 | -0.2% | -33.7% | ||
| Q2 24 | -3.1% | 13.8% | ||
| Q1 24 | -0.8% | 3.6% |
资本支出强度FORRUTL
| Q4 25 | 1.1% | 35.7% | ||
| Q3 25 | 0.7% | 54.0% | ||
| Q2 25 | 0.5% | 39.2% | ||
| Q1 25 | 0.7% | 19.1% | ||
| Q4 24 | 0.6% | 43.6% | ||
| Q3 24 | 0.5% | 61.8% | ||
| Q2 24 | 0.7% | 38.3% | ||
| Q1 24 | 1.4% | 11.3% |
现金转化率FORRUTL
| Q4 25 | — | 1.13× | ||
| Q3 25 | — | — | ||
| Q2 25 | -0.93× | 10.55× | ||
| Q1 25 | — | 1.89× | ||
| Q4 24 | -4.24× | 1.49× | ||
| Q3 24 | — | — | ||
| Q2 24 | -0.46× | 11.60× | ||
| Q1 24 | — | 0.98× |
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% |
UTL
暂无分部数据
