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FORR vs CSGP
Revenue, margins, valuation, and 5-year total return — side by side.
Real Estate - Services
FORR vs CSGP — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Consulting Services | Real Estate - Services |
| Market Cap | $117M | $14.44B |
| Revenue (TTM) | $397M | $3.41B |
| Net Income (TTM) | $-119M | $25M |
| Gross Margin | 64.6% | 77.4% |
| Operating Margin | -20.9% | -0.8% |
| Forward P/E | 8.5x | 25.8x |
| Total Debt | $72M | $1.14B |
| Cash & Equiv. | $63M | $1.73B |
FORR vs CSGP — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Forrester Research,… (FORR) | 100 | 20.8 | -79.2% |
| CoStar Group, Inc. (CSGP) | 100 | 53.3 | -46.7% |
Price return only. Dividends and distributions are not included.
Quick Verdict: FORR vs CSGP
Each card shows where this stock fits in a portfolio — not just who wins on paper.
FORR has the current edge in this matchup, primarily because of its strength in income & stability and sleep-well-at-night.
- Dividend streak 6 yrs, beta 0.68
- Lower volatility, beta 0.68, Low D/E 56.8%, current ratio 0.89x
- Beta 0.68, current ratio 0.89x
CSGP is the clearest fit if your priority is growth exposure and long-term compounding.
- Rev growth 18.7%, EPS growth -95.1%, 3Y rev CAGR 14.2%
- 74.0% 10Y total return vs FORR's -77.0%
- 18.7% FFO/revenue growth vs FORR's -8.2%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 18.7% FFO/revenue growth vs FORR's -8.2% | |
| Value | Lower P/E (8.5x vs 25.8x) | |
| Quality / Margins | 0.7% margin vs FORR's -30.1% | |
| Stability / Safety | Beta 0.68 vs CSGP's 0.80 | |
| Dividends | Tie | Neither stock pays a meaningful dividend |
| Momentum (1Y) | -37.3% vs CSGP's -54.3% | |
| Efficiency (ROA) | 0.2% ROA vs FORR's -28.2%, ROIC -0.9% vs 0.8% |
FORR vs CSGP — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
FORR vs CSGP — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
CSGP leads this category, winning 6 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
CSGP is the larger business by revenue, generating $3.4B annually — 8.6x FORR's $397M. CSGP is the more profitable business, keeping 0.7% of every revenue dollar as net income compared to FORR's -30.1%. On growth, CSGP holds the edge at +22.5% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $397M | $3.4B |
| EBITDAEarnings before interest/tax | -$66M | $278M |
| Net IncomeAfter-tax profit | -$119M | $25M |
| Free Cash FlowCash after capex | $18M | $241M |
| Gross MarginGross profit ÷ Revenue | +64.6% | +77.4% |
| Operating MarginEBIT ÷ Revenue | -20.9% | -0.8% |
| Net MarginNet income ÷ Revenue | -30.1% | +0.7% |
| FCF MarginFCF ÷ Revenue | +4.6% | +7.1% |
| Rev. Growth (YoY)Latest quarter vs prior year | -6.5% | +22.5% |
| EPS Growth (YoY)Latest quarter vs prior year | -79.1% | +127.7% |
Valuation Metrics
FORR leads this category, winning 6 of 6 comparable metrics.
Valuation Metrics
On an enterprise value basis, FORR's 7.5x EV/EBITDA is more attractive than CSGP's 81.5x.
| Metric | ||
|---|---|---|
| Market CapShares × price | $117M | $14.4B |
| Enterprise ValueMkt cap + debt − cash | $125M | $13.9B |
| Trailing P/EPrice ÷ TTM EPS | -0.97x | 2052.41x |
| Forward P/EPrice ÷ next-FY EPS est. | 8.54x | 25.84x |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | 7.50x | 81.47x |
| Price / SalesMarket cap ÷ Revenue | 0.29x | 4.45x |
| Price / BookPrice ÷ Book value/share | 0.92x | 1.72x |
| Price / FCFMarket cap ÷ FCF | 6.45x | 352.19x |
Profitability & Efficiency
CSGP leads this category, winning 6 of 9 comparable metrics.
Profitability & Efficiency
CSGP delivers a 0.3% return on equity — every $100 of shareholder capital generates $0 in annual profit, vs $-81 for FORR. CSGP carries lower financial leverage with a 0.14x debt-to-equity ratio, signaling a more conservative balance sheet compared to FORR's 0.57x. On the Piotroski fundamental quality scale (0–9), CSGP scores 5/9 vs FORR's 4/9, reflecting solid financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | -80.8% | +0.3% |
| ROA (TTM)Return on assets | -28.2% | +0.2% |
| ROICReturn on invested capital | +0.8% | -0.9% |
| ROCEReturn on capital employed | +0.8% | -0.8% |
| Piotroski ScoreFundamental quality 0–9 | 4 | 5 |
| Debt / EquityFinancial leverage | 0.57x | 0.14x |
| Net DebtTotal debt minus cash | $9M | -$589M |
| Cash & Equiv.Liquid assets | $63M | $1.7B |
| Total DebtShort + long-term debt | $72M | $1.1B |
| Interest CoverageEBIT ÷ Interest expense | -30.30x | 1.58x |
Total Returns (Dividends Reinvested)
CSGP leads this category, winning 4 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in CSGP five years ago would be worth $4,152 today (with dividends reinvested), compared to $1,360 for FORR. Over the past 12 months, FORR leads with a -37.3% total return vs CSGP's -54.3%. The 3-year compound annual growth rate (CAGR) favors CSGP at -22.9% vs FORR's -38.0% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | -25.3% | -48.1% |
| 1-Year ReturnPast 12 months | -37.3% | -54.3% |
| 3-Year ReturnCumulative with dividends | -76.2% | -54.1% |
| 5-Year ReturnCumulative with dividends | -86.4% | -58.5% |
| 10-Year ReturnCumulative with dividends | -77.0% | +74.0% |
| CAGR (3Y)Annualised 3-year return | -38.0% | -22.9% |
Risk & Volatility
FORR leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
FORR is the less volatile stock with a 0.68 beta — it tends to amplify market swings less than CSGP's 0.80 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. FORR currently trades 52.6% from its 52-week high vs CSGP's 35.0% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.68x | 0.80x |
| 52-Week HighHighest price in past year | $11.57 | $97.43 |
| 52-Week LowLowest price in past year | $4.88 | $33.31 |
| % of 52W HighCurrent price vs 52-week peak | +52.6% | +35.0% |
| RSI (14)Momentum oscillator 0–100 | 55.7 | 33.0 |
| Avg Volume (50D)Average daily shares traded | 109K | 6.0M |
Analyst Outlook
Insufficient data to determine a leader in this category.
Analyst Outlook
Wall Street rates FORR as "Hold" and CSGP as "Buy".
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Buy |
| Price TargetConsensus 12-month target | — | $61.91 |
| # AnalystsCovering analysts | 4 | 25 |
| Dividend YieldAnnual dividend ÷ price | — | — |
| Dividend StreakConsecutive years of raises | 6 | — |
| Dividend / ShareAnnual DPS | — | — |
| Buyback YieldShare repurchases ÷ mkt cap | +2.2% | +4.0% |
CSGP leads in 3 of 6 categories (Income & Cash Flow, Profitability & Efficiency). FORR leads in 2 (Valuation Metrics, Risk & Volatility).
FORR vs CSGP: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is FORR or CSGP a better buy right now?
For growth investors, CoStar Group, Inc.
(CSGP) is the stronger pick with 18. 7% revenue growth year-over-year, versus -8. 2% for Forrester Research, Inc. (FORR). CoStar Group, Inc. (CSGP) offers the better valuation at 2052. 4x trailing P/E (25. 8x forward), making it the more compelling value choice. Analysts rate CoStar Group, Inc. (CSGP) a "Buy" — based on 25 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.
02Which has the better valuation — FORR or CSGP?
On forward P/E, Forrester Research, Inc.
is actually cheaper at 8. 5x — notably different from the trailing picture, reflecting expected earnings growth.
03Which is the better long-term investment — FORR or CSGP?
Over the past 5 years, CoStar Group, Inc.
(CSGP) delivered a total return of -58. 5%, compared to -86. 4% for Forrester Research, Inc. (FORR). Over 10 years, the gap is even starker: CSGP returned +77. 5% 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.
04Which is safer — FORR or CSGP?
By beta (market sensitivity over 5 years), Forrester Research, Inc.
(FORR) is the lower-risk stock at 0. 68β versus CoStar Group, Inc. 's 0. 80β — meaning CSGP is approximately 16% more volatile than FORR relative to the S&P 500. On balance sheet safety, CoStar Group, Inc. (CSGP) carries a lower debt/equity ratio of 14% versus 57% for Forrester Research, Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — FORR or CSGP?
By revenue growth (latest reported year), CoStar Group, Inc.
(CSGP) is pulling ahead at 18. 7% versus -8. 2% for Forrester Research, Inc. (FORR). On earnings-per-share growth, the picture is similar: CoStar Group, Inc. grew EPS -95. 1% year-over-year, compared to -1993. 3% for Forrester Research, Inc.. Over a 3-year CAGR, CSGP leads at 14. 2% 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.
06Which has better profit margins — FORR or CSGP?
CoStar Group, Inc.
(CSGP) is the more profitable company, earning 0. 2% net margin versus -30. 1% for Forrester Research, Inc. — meaning it keeps 0. 2% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: FORR leads at 0. 5% versus -2. 2% for CSGP. At the gross margin level — before operating expenses — CSGP leads at 75. 2%, 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.
07Is FORR or CSGP more undervalued right now?
On forward earnings alone, Forrester Research, Inc.
(FORR) trades at 8. 5x forward P/E versus 25. 8x for CoStar Group, Inc. — 17. 3x cheaper on a one-year earnings basis.
08Which pays a better dividend — FORR or CSGP?
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.
09Is FORR or CSGP better for a retirement portfolio?
For long-horizon retirement investors, CoStar Group, Inc.
(CSGP) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 80)). Both have compounded well over 10 years (CSGP: +77. 5%, 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.
10What are the main differences between FORR and CSGP?
These companies operate in different sectors (FORR (Industrials) and CSGP (Real Estate)), which means they face different economic cycles, regulatory environments, and macro sensitivities — making direct comparison nuanced.
In terms of investment character: FORR is a small-cap quality compounder stock; CSGP is a mid-cap high-growth 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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