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Stock Comparison

FORR vs SPGI

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

Live fundamentals10-year financials5-year price chart
FORR
Forrester Research, Inc.

Consulting Services

IndustrialsNASDAQ • US
Market Cap$125M
5Y Perf.-79.2%
SPGI
S&P Global Inc.

Financial - Data & Stock Exchanges

Financial ServicesNYSE • US
Market Cap$126.89B
5Y Perf.+31.9%

FORR vs SPGI — Key Financials

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

Company Snapshot
FORR logoFORR
SPGI logoSPGI
IndustryConsulting ServicesFinancial - Data & Stock Exchanges
Market Cap$125M$126.89B
Revenue (TTM)$397M$15.34B
Net Income (TTM)$-119M$4.78B
Gross Margin64.6%70.2%
Operating Margin-20.9%42.2%
Forward P/E8.5x21.8x
Total Debt$72M$14.20B
Cash & Equiv.$63M$1.75B

FORR vs SPGILong-Term Stock Performance

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

FORR
SPGI
StockMay 20May 26Return
Forrester Research,… (FORR)10020.8-79.2%
S&P Global Inc. (SPGI)100131.9+31.9%

Price return only. Dividends and distributions are not included.

Quick Verdict: FORR vs SPGI

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

Bottom line: SPGI leads in 6 of 7 categories, making it the strongest pick for growth and revenue expansion and profitability and margin quality. Forrester Research, Inc. is the stronger pick specifically for valuation and capital efficiency. This set spans 2 sectors — these stocks serve different portfolio roles, not just different price points.
FORR
Forrester Research, Inc.
The Value Play

FORR is the clearest fit if your priority is value.

  • Lower P/E (8.5x vs 21.8x)
Best for: value
SPGI
S&P Global Inc.
The Banking Pick

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

  • Dividend streak 12 yrs, beta 0.58, yield 0.9%
  • Rev growth 7.9%, EPS growth 18.7%
  • 337.1% 10Y total return vs FORR's -75.9%
Best for: income & stability and growth exposure
See the full category breakdown
CategoryWinnerWhy
GrowthSPGI logoSPGI7.9% NII/revenue growth vs FORR's -8.2%
ValueFORR logoFORRLower P/E (8.5x vs 21.8x)
Quality / MarginsSPGI logoSPGI29.2% margin vs FORR's -30.1%
Stability / SafetySPGI logoSPGIBeta 0.58 vs FORR's 0.68, lower leverage
DividendsSPGI logoSPGI0.9% yield; 12-year raise streak; the other pay no meaningful dividend
Momentum (1Y)SPGI logoSPGI-14.5% vs FORR's -35.7%
Efficiency (ROA)SPGI logoSPGI7.9% ROA vs FORR's -28.2%, ROIC 9.7% vs 0.8%

FORR vs SPGI — Revenue Breakdown by Segment

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

FORRForrester Research, Inc.
FY 2025
Research Revenue
96.2%$296M
Professional Services
3.4%$10M
Software
0.5%$1M
SPGIS&P Global Inc.
FY 2025
Market Intelligence Segment
37.1%$4.9B
Ratings Segment
35.7%$4.7B
Indices Segment
14.0%$1.9B
Mobility
13.2%$1.7B

FORR vs SPGI — Financial Metrics

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

BEST OVERALLSPGILAGGINGFORR

Income & Cash Flow (Last 12 Months)

SPGI leads this category, winning 5 of 5 comparable metrics.

SPGI is the larger business by revenue, generating $15.3B annually — 38.6x FORR's $397M. SPGI is the more profitable business, keeping 29.2% of every revenue dollar as net income compared to FORR's -30.1%.

MetricFORR logoFORRForrester Researc…SPGI logoSPGIS&P Global Inc.
RevenueTrailing 12 months$397M$15.3B
EBITDAEarnings before interest/tax-$66M$7.8B
Net IncomeAfter-tax profit-$119M$4.8B
Free Cash FlowCash after capex$18M$5.6B
Gross MarginGross profit ÷ Revenue+64.6%+70.2%
Operating MarginEBIT ÷ Revenue-20.9%+42.2%
Net MarginNet income ÷ Revenue-30.1%+29.2%
FCF MarginFCF ÷ Revenue+4.6%+35.6%
Rev. Growth (YoY)Latest quarter vs prior year-6.5%
EPS Growth (YoY)Latest quarter vs prior year-79.1%+32.5%
SPGI leads this category, winning 5 of 5 comparable metrics.

Valuation Metrics

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

On an enterprise value basis, FORR's 8.0x EV/EBITDA is more attractive than SPGI's 18.2x.

MetricFORR logoFORRForrester Researc…SPGI logoSPGIS&P Global Inc.
Market CapShares × price$125M$126.9B
Enterprise ValueMkt cap + debt − cash$134M$139.3B
Trailing P/EPrice ÷ TTM EPS-1.04x29.24x
Forward P/EPrice ÷ next-FY EPS est.8.54x21.84x
PEG RatioP/E ÷ EPS growth rate3.36x
EV / EBITDAEnterprise value multiple8.00x18.20x
Price / SalesMarket cap ÷ Revenue0.32x8.27x
Price / BookPrice ÷ Book value/share0.98x3.62x
Price / FCFMarket cap ÷ FCF6.92x23.26x
FORR leads this category, winning 6 of 6 comparable metrics.

Profitability & Efficiency

SPGI leads this category, winning 7 of 9 comparable metrics.

SPGI delivers a 12.9% return on equity — every $100 of shareholder capital generates $13 in annual profit, vs $-81 for FORR. SPGI carries lower financial leverage with a 0.39x debt-to-equity ratio, signaling a more conservative balance sheet compared to FORR's 0.57x. On the Piotroski fundamental quality scale (0–9), SPGI scores 7/9 vs FORR's 4/9, reflecting strong financial health.

MetricFORR logoFORRForrester Researc…SPGI logoSPGIS&P Global Inc.
ROE (TTM)Return on equity-80.8%+12.9%
ROA (TTM)Return on assets-28.2%+7.9%
ROICReturn on invested capital+0.8%+9.7%
ROCEReturn on capital employed+0.8%+12.1%
Piotroski ScoreFundamental quality 0–947
Debt / EquityFinancial leverage0.57x0.39x
Net DebtTotal debt minus cash$9M$12.5B
Cash & Equiv.Liquid assets$63M$1.7B
Total DebtShort + long-term debt$72M$14.2B
Interest CoverageEBIT ÷ Interest expense-30.30x22.69x
SPGI leads this category, winning 7 of 9 comparable metrics.

Total Returns (Dividends Reinvested)

SPGI leads this category, winning 6 of 6 comparable metrics.

A $10,000 investment in SPGI five years ago would be worth $11,424 today (with dividends reinvested), compared to $1,413 for FORR. Over the past 12 months, SPGI leads with a -14.5% total return vs FORR's -35.7%. The 3-year compound annual growth rate (CAGR) favors SPGI at 7.4% vs FORR's -36.6% — a key indicator of consistent wealth creation.

MetricFORR logoFORRForrester Researc…SPGI logoSPGIS&P Global Inc.
YTD ReturnYear-to-date-19.9%-16.2%
1-Year ReturnPast 12 months-35.7%-14.5%
3-Year ReturnCumulative with dividends-74.5%+23.8%
5-Year ReturnCumulative with dividends-85.9%+14.2%
10-Year ReturnCumulative with dividends-75.9%+337.1%
CAGR (3Y)Annualised 3-year return-36.6%+7.4%
SPGI leads this category, winning 6 of 6 comparable metrics.

Risk & Volatility

SPGI leads this category, winning 2 of 2 comparable metrics.

SPGI is the less volatile stock with a 0.58 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. SPGI currently trades 74.0% from its 52-week high vs FORR's 56.4% drawdown — a narrower gap to the peak suggests stronger recent price momentum.

MetricFORR logoFORRForrester Researc…SPGI logoSPGIS&P Global Inc.
Beta (5Y)Sensitivity to S&P 5000.68x0.58x
52-Week HighHighest price in past year$11.57$579.05
52-Week LowLowest price in past year$4.88$381.61
% of 52W HighCurrent price vs 52-week peak+56.4%+74.0%
RSI (14)Momentum oscillator 0–10051.642.4
Avg Volume (50D)Average daily shares traded109K1.8M
SPGI leads this category, winning 2 of 2 comparable metrics.

Analyst Outlook

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

Wall Street rates FORR as "Hold" and SPGI as "Buy". SPGI is the only dividend payer here at 0.89% yield — a key consideration for income-focused portfolios.

MetricFORR logoFORRForrester Researc…SPGI logoSPGIS&P Global Inc.
Analyst RatingConsensus buy/hold/sellHoldBuy
Price TargetConsensus 12-month target$548.11
# AnalystsCovering analysts428
Dividend YieldAnnual dividend ÷ price+0.9%
Dividend StreakConsecutive years of raises612
Dividend / ShareAnnual DPS$3.83
Buyback YieldShare repurchases ÷ mkt cap+2.0%+3.9%
SPGI leads this category, winning 1 of 1 comparable metric.
Key Takeaway

SPGI leads in 5 of 6 categories (Income & Cash Flow, Profitability & Efficiency). FORR leads in 1 (Valuation Metrics).

Best OverallS&P Global Inc. (SPGI)Leads 5 of 6 categories
Loading custom metrics...

FORR vs SPGI: Frequently Asked Questions

10 questions · data-driven answers · updated daily

01

Is FORR or SPGI a better buy right now?

For growth investors, S&P Global Inc.

(SPGI) is the stronger pick with 7. 9% revenue growth year-over-year, versus -8. 2% for Forrester Research, Inc. (FORR). S&P Global Inc. (SPGI) offers the better valuation at 29. 2x trailing P/E (21. 8x forward), making it the more compelling value choice. Analysts rate S&P Global Inc. (SPGI) a "Buy" — based on 28 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 — FORR or SPGI?

On forward P/E, Forrester Research, Inc.

is actually cheaper at 8. 5x — notably different from the trailing picture, reflecting expected earnings growth.

03

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

Over the past 5 years, S&P Global Inc.

(SPGI) delivered a total return of +14. 2%, compared to -85. 9% for Forrester Research, Inc. (FORR). Over 10 years, the gap is even starker: SPGI returned +337. 1% 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 — FORR or SPGI?

By beta (market sensitivity over 5 years), S&P Global Inc.

(SPGI) is the lower-risk stock at 0. 58β versus Forrester Research, Inc. 's 0. 68β — meaning FORR is approximately 18% more volatile than SPGI relative to the S&P 500. On balance sheet safety, S&P Global Inc. (SPGI) carries a lower debt/equity ratio of 39% versus 57% for Forrester Research, Inc. — giving it more financial flexibility in a downturn.

05

Which is growing faster — FORR or SPGI?

By revenue growth (latest reported year), S&P Global Inc.

(SPGI) is pulling ahead at 7. 9% versus -8. 2% for Forrester Research, Inc. (FORR). On earnings-per-share growth, the picture is similar: S&P Global Inc. grew EPS 18. 7% year-over-year, compared to -1993. 3% for Forrester Research, Inc.. 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 — FORR or SPGI?

S&P Global Inc.

(SPGI) is the more profitable company, earning 29. 2% net margin versus -30. 1% for Forrester Research, Inc. — meaning it keeps 29. 2% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: SPGI leads at 42. 2% versus 0. 5% for FORR. At the gross margin level — before operating expenses — SPGI leads at 70. 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.

07

Is FORR or SPGI more undervalued right now?

On forward earnings alone, Forrester Research, Inc.

(FORR) trades at 8. 5x forward P/E versus 21. 8x for S&P Global Inc. — 13. 3x cheaper on a one-year earnings basis.

08

Which pays a better dividend — FORR or SPGI?

In this comparison, SPGI (0.

9% yield) pays a dividend. FORR does not pay a meaningful dividend and should not be held primarily for income.

09

Is FORR or SPGI better for a retirement portfolio?

For long-horizon retirement investors, S&P Global Inc.

(SPGI) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 58), 0. 9% yield, +337. 1% 10Y return). Both have compounded well over 10 years (SPGI: +337. 1%, 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 FORR and SPGI?

These companies operate in different sectors (FORR (Industrials) and SPGI (Financial Services)), which means they face different economic cycles, regulatory environments, and macro sensitivities — making direct comparison nuanced.

SPGI pays a dividend while FORR does not, making them suitable for different income and tax situations. 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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FORR

Quality Business

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

Quality Mega-Cap Compounder

  • Sector: Financial Services
  • Market Cap > $100B
  • Revenue Growth > 5%
  • Net Margin > 17%
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