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Stock Comparison

CBZ vs FORR

Revenue, margins, valuation, and 5-year total return — side by side.

Live fundamentals10-year financials5-year price chart
CBZ
CBIZ, Inc.

Specialty Business Services

IndustrialsNYSE • US
Market Cap$1.73B
5Y Perf.+39.6%
FORR
Forrester Research, Inc.

Consulting Services

IndustrialsNASDAQ • US
Market Cap$125M
5Y Perf.-79.2%

CBZ vs FORR — Key Financials

Market cap, revenue, margins, and valuation side-by-side.

Company Snapshot
CBZ logoCBZ
FORR logoFORR
IndustrySpecialty Business ServicesConsulting Services
Market Cap$1.73B$125M
Revenue (TTM)$2.77B$397M
Net Income (TTM)$154M$-119M
Gross Margin12.8%64.6%
Operating Margin8.3%-20.9%
Forward P/E8.0x8.5x
Total Debt$1.83B$72M
Cash & Equiv.$57M$63M

CBZ vs FORRLong-Term Stock Performance

Price return indexed to 100 at period start. Dividends excluded.

CBZ
FORR
StockMay 20May 26Return
CBIZ, Inc. (CBZ)100139.6+39.6%
Forrester Research,… (FORR)10020.8-79.2%

Price return only. Dividends and distributions are not included.

Quick Verdict: CBZ vs FORR

Each card shows where this stock fits in a portfolio — not just who wins on paper.

Bottom line: CBZ leads in 5 of 7 categories, making it the strongest pick for growth and revenue expansion and valuation and capital efficiency. Forrester Research, Inc. is the stronger pick specifically for recent price momentum and sentiment. As sector peers, any of these can serve as alternatives in the same allocation.
CBZ
CBIZ, Inc.
The Income Pick

CBZ carries the broadest edge in this set and is the clearest fit for income & stability and growth exposure.

  • Dividend streak 1 yrs, beta 0.65
  • Rev growth 52.1%, EPS growth 134.6%, 3Y rev CAGR 25.0%
  • 210.4% 10Y total return vs FORR's -75.9%
Best for: income & stability and growth exposure
FORR
Forrester Research, Inc.
The Momentum Pick

FORR is the clearest fit if your priority is momentum.

  • -35.7% vs CBZ's -55.5%
Best for: momentum
See the full category breakdown
CategoryWinnerWhy
GrowthCBZ logoCBZ52.1% revenue growth vs FORR's -8.2%
ValueCBZ logoCBZLower P/E (8.0x vs 8.5x)
Quality / MarginsCBZ logoCBZ5.6% margin vs FORR's -30.1%
Stability / SafetyCBZ logoCBZBeta 0.65 vs FORR's 0.68
DividendsTieNeither stock pays a meaningful dividend
Momentum (1Y)FORR logoFORR-35.7% vs CBZ's -55.5%
Efficiency (ROA)CBZ logoCBZ3.4% ROA vs FORR's -28.2%, ROIC 4.9% vs 0.8%

CBZ vs FORR — Revenue Breakdown by Segment

How each company's revenue is distributed across its business units

CBZCBIZ, Inc.
FY 2025
Financial Services
83.4%$2.3B
Benefits And Insurance Services
14.9%$410M
National Practices
1.7%$47M
FORRForrester Research, Inc.
FY 2025
Research Revenue
96.2%$296M
Professional Services
3.4%$10M
Software
0.5%$1M

CBZ vs FORR — Financial Metrics

Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.

BEST OVERALLCBZLAGGINGFORR

Income & Cash Flow (Last 12 Months)

CBZ leads this category, winning 5 of 6 comparable metrics.

CBZ is the larger business by revenue, generating $2.8B annually — 7.0x FORR's $397M. CBZ is the more profitable business, keeping 5.6% of every revenue dollar as net income compared to FORR's -30.1%. On growth, CBZ holds the edge at +1.3% YoY revenue growth, suggesting stronger near-term business momentum.

MetricCBZ logoCBZCBIZ, Inc.FORR logoFORRForrester Researc…
RevenueTrailing 12 months$2.8B$397M
EBITDAEarnings before interest/tax$328M-$66M
Net IncomeAfter-tax profit$154M-$119M
Free Cash FlowCash after capex$239M$18M
Gross MarginGross profit ÷ Revenue+12.8%+64.6%
Operating MarginEBIT ÷ Revenue+8.3%-20.9%
Net MarginNet income ÷ Revenue+5.6%-30.1%
FCF MarginFCF ÷ Revenue+8.6%+4.6%
Rev. Growth (YoY)Latest quarter vs prior year+1.3%-6.5%
EPS Growth (YoY)Latest quarter vs prior year+37.7%-79.1%
CBZ leads this category, winning 5 of 6 comparable metrics.

Valuation Metrics

FORR leads this category, winning 5 of 6 comparable metrics.

On an enterprise value basis, FORR's 8.0x EV/EBITDA is more attractive than CBZ's 10.6x.

MetricCBZ logoCBZCBIZ, Inc.FORR logoFORRForrester Researc…
Market CapShares × price$1.7B$125M
Enterprise ValueMkt cap + debt − cash$3.5B$134M
Trailing P/EPrice ÷ TTM EPS17.28x-1.04x
Forward P/EPrice ÷ next-FY EPS est.7.98x8.54x
PEG RatioP/E ÷ EPS growth rate3.23x
EV / EBITDAEnterprise value multiple10.55x8.00x
Price / SalesMarket cap ÷ Revenue0.63x0.32x
Price / BookPrice ÷ Book value/share1.14x0.98x
Price / FCFMarket cap ÷ FCF9.88x6.92x
FORR leads this category, winning 5 of 6 comparable metrics.

Profitability & Efficiency

CBZ leads this category, winning 6 of 9 comparable metrics.

CBZ delivers a 8.3% return on equity — every $100 of shareholder capital generates $8 in annual profit, vs $-81 for FORR. FORR carries lower financial leverage with a 0.57x debt-to-equity ratio, signaling a more conservative balance sheet compared to CBZ's 1.04x. On the Piotroski fundamental quality scale (0–9), CBZ scores 8/9 vs FORR's 4/9, reflecting strong financial health.

MetricCBZ logoCBZCBIZ, Inc.FORR logoFORRForrester Researc…
ROE (TTM)Return on equity+8.3%-80.8%
ROA (TTM)Return on assets+3.4%-28.2%
ROICReturn on invested capital+4.9%+0.8%
ROCEReturn on capital employed+6.1%+0.8%
Piotroski ScoreFundamental quality 0–984
Debt / EquityFinancial leverage1.04x0.57x
Net DebtTotal debt minus cash$1.8B$9M
Cash & Equiv.Liquid assets$57M$63M
Total DebtShort + long-term debt$1.8B$72M
Interest CoverageEBIT ÷ Interest expense1.76x-30.30x
CBZ leads this category, winning 6 of 9 comparable metrics.

Total Returns (Dividends Reinvested)

CBZ leads this category, winning 4 of 6 comparable metrics.

A $10,000 investment in CBZ five years ago would be worth $9,058 today (with dividends reinvested), compared to $1,413 for FORR. Over the past 12 months, FORR leads with a -35.7% total return vs CBZ's -55.5%. The 3-year compound annual growth rate (CAGR) favors CBZ at -14.3% vs FORR's -36.6% — a key indicator of consistent wealth creation.

MetricCBZ logoCBZCBIZ, Inc.FORR logoFORRForrester Researc…
YTD ReturnYear-to-date-37.7%-19.9%
1-Year ReturnPast 12 months-55.5%-35.7%
3-Year ReturnCumulative with dividends-37.1%-74.5%
5-Year ReturnCumulative with dividends-9.4%-85.9%
10-Year ReturnCumulative with dividends+210.4%-75.9%
CAGR (3Y)Annualised 3-year return-14.3%-36.6%
CBZ leads this category, winning 4 of 6 comparable metrics.

Risk & Volatility

Evenly matched — CBZ and FORR each lead in 1 of 2 comparable metrics.

CBZ is the less volatile stock with a 0.65 beta — it tends to amplify market swings less than FORR's 0.68 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. FORR currently trades 56.4% from its 52-week high vs CBZ's 40.6% drawdown — a narrower gap to the peak suggests stronger recent price momentum.

MetricCBZ logoCBZCBIZ, Inc.FORR logoFORRForrester Researc…
Beta (5Y)Sensitivity to S&P 5000.65x0.68x
52-Week HighHighest price in past year$77.91$11.57
52-Week LowLowest price in past year$24.30$4.88
% of 52W HighCurrent price vs 52-week peak+40.6%+56.4%
RSI (14)Momentum oscillator 0–10047.951.6
Avg Volume (50D)Average daily shares traded1.2M109K
Evenly matched — CBZ and FORR each lead in 1 of 2 comparable metrics.

Analyst Outlook

FORR leads this category, winning 1 of 1 comparable metric.

Wall Street rates CBZ as "Buy" and FORR as "Hold".

MetricCBZ logoCBZCBIZ, Inc.FORR logoFORRForrester Researc…
Analyst RatingConsensus buy/hold/sellBuyHold
Price TargetConsensus 12-month target$39.50
# AnalystsCovering analysts24
Dividend YieldAnnual dividend ÷ price
Dividend StreakConsecutive years of raises16
Dividend / ShareAnnual DPS
Buyback YieldShare repurchases ÷ mkt cap+9.2%+2.0%
FORR leads this category, winning 1 of 1 comparable metric.
Key Takeaway

CBZ leads in 3 of 6 categories (Income & Cash Flow, Profitability & Efficiency). FORR leads in 2 (Valuation Metrics, Analyst Outlook). 1 tied.

Best OverallCBIZ, Inc. (CBZ)Leads 3 of 6 categories
Loading custom metrics...

CBZ vs FORR: Frequently Asked Questions

10 questions · data-driven answers · updated daily

01

Is CBZ or FORR a better buy right now?

For growth investors, CBIZ, Inc.

(CBZ) is the stronger pick with 52. 1% revenue growth year-over-year, versus -8. 2% for Forrester Research, Inc. (FORR). CBIZ, Inc. (CBZ) offers the better valuation at 17. 3x trailing P/E (8. 0x forward), making it the more compelling value choice. Analysts rate CBIZ, Inc. (CBZ) a "Buy" — based on 2 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.

02

Which has the better valuation — CBZ or FORR?

On forward P/E, CBIZ, Inc.

is actually cheaper at 8. 0x.

03

Which is the better long-term investment — CBZ or FORR?

Over the past 5 years, CBIZ, Inc.

(CBZ) delivered a total return of -9. 4%, compared to -85. 9% for Forrester Research, Inc. (FORR). Over 10 years, the gap is even starker: CBZ returned +210. 4% versus FORR's -75. 9%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

04

Which is safer — CBZ or FORR?

By beta (market sensitivity over 5 years), CBIZ, Inc.

(CBZ) is the lower-risk stock at 0. 65β versus Forrester Research, Inc. 's 0. 68β — meaning FORR is approximately 5% more volatile than CBZ relative to the S&P 500. On balance sheet safety, Forrester Research, Inc. (FORR) carries a lower debt/equity ratio of 57% versus 104% for CBIZ, Inc. — giving it more financial flexibility in a downturn.

05

Which is growing faster — CBZ or FORR?

By revenue growth (latest reported year), CBIZ, Inc.

(CBZ) is pulling ahead at 52. 1% versus -8. 2% for Forrester Research, Inc. (FORR). On earnings-per-share growth, the picture is similar: CBIZ, Inc. grew EPS 134. 6% year-over-year, compared to -1993. 3% for Forrester Research, Inc.. Over a 3-year CAGR, CBZ leads at 25. 0% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.

06

Which has better profit margins — CBZ or FORR?

CBIZ, Inc.

(CBZ) is the more profitable company, earning 4. 2% net margin versus -30. 1% for Forrester Research, Inc. — meaning it keeps 4. 2% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: CBZ leads at 8. 5% versus 0. 5% for FORR. At the gross margin level — before operating expenses — FORR leads at 53. 3%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.

07

Is CBZ or FORR more undervalued right now?

On forward earnings alone, CBIZ, Inc.

(CBZ) trades at 8. 0x forward P/E versus 8. 5x for Forrester Research, Inc. — 0. 6x cheaper on a one-year earnings basis.

08

Which pays a better dividend — CBZ or FORR?

None of the stocks in this comparison currently pay a material dividend.

All are effectively zero-yield and should be held for capital appreciation rather than income.

09

Is CBZ or FORR better for a retirement portfolio?

For long-horizon retirement investors, CBIZ, Inc.

(CBZ) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 65), +210. 4% 10Y return). Both have compounded well over 10 years (CBZ: +210. 4%, FORR: -75. 9%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.

10

What are the main differences between CBZ and FORR?

Both stocks operate in the Industrials sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.

In terms of investment character: CBZ is a small-cap high-growth stock; FORR is a small-cap quality compounder stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.

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CBZ

Quality Business

  • Sector: Industrials
  • Market Cap > $100B
  • Net Margin > 5%
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FORR

Quality Business

  • Sector: Industrials
  • Market Cap > $100B
  • Gross Margin > 38%
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