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FORR vs SPIR
Revenue, margins, valuation, and 5-year total return — side by side.
Specialty Business Services
FORR vs SPIR — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Consulting Services | Specialty Business Services |
| Market Cap | $117M | $601.52B |
| Revenue (TTM) | $397M | $72M |
| Net Income (TTM) | $-119M | $-25.02B |
| Gross Margin | 64.6% | 40.8% |
| Operating Margin | -20.9% | -121.4% |
| Forward P/E | 8.0x | 11.4x |
| Total Debt | $72M | $8.76B |
| Cash & Equiv. | $63M | $24.81B |
FORR vs SPIR — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | Nov 20 | May 26 | Return |
|---|---|---|---|
| Forrester Research,… (FORR) | 100 | 14.7 | -85.3% |
| Spire Global, Inc. (SPIR) | 100 | 23.2 | -76.8% |
Price return only. Dividends and distributions are not included.
Quick Verdict: FORR vs SPIR
Each card shows where this stock fits in a portfolio — not just who wins on paper.
FORR carries the broadest edge in this set and is the clearest fit for income & stability and growth exposure.
- Dividend streak 6 yrs, beta 0.68
- Rev growth -8.2%, EPS growth -19.9%, 3Y rev CAGR -9.6%
- Lower volatility, beta 0.68, Low D/E 56.8%, current ratio 0.89x
SPIR is the clearest fit if your priority is long-term compounding.
- -75.9% 10Y total return vs FORR's -77.0%
- +93.2% vs FORR's -37.3%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | -8.2% revenue growth vs SPIR's -35.2% | |
| Value | Lower P/E (8.0x vs 11.4x) | |
| Quality / Margins | -30.1% margin vs SPIR's -349.6% | |
| Stability / Safety | Beta 0.68 vs SPIR's 2.93 | |
| Dividends | Tie | Neither stock pays a meaningful dividend |
| Momentum (1Y) | +93.2% vs FORR's -37.3% | |
| Efficiency (ROA) | -28.2% ROA vs SPIR's -47.3%, ROIC 0.8% vs -0.1% |
FORR vs SPIR — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Segment breakdown not available.
FORR vs SPIR — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
FORR leads this category, winning 5 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
FORR is the larger business by revenue, generating $397M annually — 5.5x SPIR's $72M. FORR is the more profitable business, keeping -30.1% of every revenue dollar as net income compared to SPIR's -349.6%. On growth, FORR holds the edge at -6.5% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $397M | $72M |
| EBITDAEarnings before interest/tax | -$66M | -$74M |
| Net IncomeAfter-tax profit | -$119M | -$25.0B |
| Free Cash FlowCash after capex | $18M | -$16.2B |
| Gross MarginGross profit ÷ Revenue | +64.6% | +40.8% |
| Operating MarginEBIT ÷ Revenue | -20.9% | -121.4% |
| Net MarginNet income ÷ Revenue | -30.1% | -349.6% |
| FCF MarginFCF ÷ Revenue | +4.6% | -227.0% |
| Rev. Growth (YoY)Latest quarter vs prior year | -6.5% | -26.9% |
| EPS Growth (YoY)Latest quarter vs prior year | -79.1% | +59.5% |
Valuation Metrics
FORR leads this category, winning 3 of 3 comparable metrics.
Valuation Metrics
| Metric | ||
|---|---|---|
| Market CapShares × price | $117M | $601.5B |
| Enterprise ValueMkt cap + debt − cash | $125M | $585.5B |
| Trailing P/EPrice ÷ TTM EPS | -0.97x | 11.37x |
| Forward P/EPrice ÷ next-FY EPS est. | 7.96x | — |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | 7.50x | — |
| Price / SalesMarket cap ÷ Revenue | 0.29x | 8406.65x |
| Price / BookPrice ÷ Book value/share | 0.92x | 5.18x |
| Price / FCFMarket cap ÷ FCF | 6.45x | — |
Profitability & Efficiency
FORR leads this category, winning 5 of 9 comparable metrics.
Profitability & Efficiency
FORR delivers a -80.8% return on equity — every $100 of shareholder capital generates $-81 in annual profit, vs $-88 for SPIR. SPIR carries lower financial leverage with a 0.08x debt-to-equity ratio, signaling a more conservative balance sheet compared to FORR's 0.57x. On the Piotroski fundamental quality scale (0–9), SPIR scores 5/9 vs FORR's 4/9, reflecting solid financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | -80.8% | -88.4% |
| ROA (TTM)Return on assets | -28.2% | -47.3% |
| ROICReturn on invested capital | +0.8% | -0.1% |
| ROCEReturn on capital employed | +0.8% | -0.1% |
| Piotroski ScoreFundamental quality 0–9 | 4 | 5 |
| Debt / EquityFinancial leverage | 0.57x | 0.08x |
| Net DebtTotal debt minus cash | $9M | -$16.1B |
| Cash & Equiv.Liquid assets | $63M | $24.8B |
| Total DebtShort + long-term debt | $72M | $8.8B |
| Interest CoverageEBIT ÷ Interest expense | -30.30x | 9.20x |
Total Returns (Dividends Reinvested)
SPIR leads this category, winning 6 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in SPIR five years ago would be worth $2,311 today (with dividends reinvested), compared to $1,360 for FORR. Over the past 12 months, SPIR leads with a +93.2% total return vs FORR's -37.3%. The 3-year compound annual growth rate (CAGR) favors SPIR at 50.1% vs FORR's -38.0% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | -25.3% | +134.3% |
| 1-Year ReturnPast 12 months | -37.3% | +93.2% |
| 3-Year ReturnCumulative with dividends | -76.2% | +238.4% |
| 5-Year ReturnCumulative with dividends | -86.4% | -76.9% |
| 10-Year ReturnCumulative with dividends | -77.0% | -75.9% |
| CAGR (3Y)Annualised 3-year return | -38.0% | +50.1% |
Risk & Volatility
Evenly matched — FORR and SPIR each lead in 1 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 SPIR's 2.93 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. SPIR currently trades 77.6% from its 52-week high vs FORR's 52.6% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.68x | 2.93x |
| 52-Week HighHighest price in past year | $11.57 | $23.59 |
| 52-Week LowLowest price in past year | $4.88 | $6.60 |
| % of 52W HighCurrent price vs 52-week peak | +52.6% | +77.6% |
| RSI (14)Momentum oscillator 0–100 | 55.7 | 48.9 |
| Avg Volume (50D)Average daily shares traded | 109K | 1.6M |
Analyst Outlook
Insufficient data to determine a leader in this category.
Analyst Outlook
Wall Street rates FORR as "Hold" and SPIR as "Buy".
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Buy |
| Price TargetConsensus 12-month target | — | $17.25 |
| # AnalystsCovering analysts | 4 | 12 |
| Dividend YieldAnnual dividend ÷ price | — | — |
| Dividend StreakConsecutive years of raises | 6 | — |
| Dividend / ShareAnnual DPS | — | — |
| Buyback YieldShare repurchases ÷ mkt cap | +2.2% | 0.0% |
FORR leads in 3 of 6 categories (Income & Cash Flow, Valuation Metrics). SPIR leads in 1 (Total Returns). 1 tied.
FORR vs SPIR: Frequently Asked Questions
8 questions · data-driven answers · updated daily
01Is FORR or SPIR a better buy right now?
For growth investors, Forrester Research, Inc.
(FORR) is the stronger pick with -8. 2% revenue growth year-over-year, versus -35. 2% for Spire Global, Inc. (SPIR). Spire Global, Inc. (SPIR) offers the better valuation at 11. 4x trailing P/E, making it the more compelling value choice. Analysts rate Spire Global, Inc. (SPIR) a "Buy" — based on 12 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 is the better long-term investment — FORR or SPIR?
Over the past 5 years, Spire Global, Inc.
(SPIR) delivered a total return of -76. 9%, compared to -86. 4% for Forrester Research, Inc. (FORR). Over 10 years, the gap is even starker: SPIR returned -75. 9% versus FORR's -77. 0%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
03Which is safer — FORR or SPIR?
By beta (market sensitivity over 5 years), Forrester Research, Inc.
(FORR) is the lower-risk stock at 0. 68β versus Spire Global, Inc. 's 2. 93β — meaning SPIR is approximately 328% more volatile than FORR relative to the S&P 500. On balance sheet safety, Spire Global, Inc. (SPIR) carries a lower debt/equity ratio of 8% versus 57% for Forrester Research, Inc. — giving it more financial flexibility in a downturn.
04Which is growing faster — FORR or SPIR?
By revenue growth (latest reported year), Forrester Research, Inc.
(FORR) is pulling ahead at -8. 2% versus -35. 2% for Spire Global, Inc. (SPIR). On earnings-per-share growth, the picture is similar: Spire Global, Inc. grew EPS 137. 8% year-over-year, compared to -1993. 3% for Forrester Research, Inc.. Over a 3-year CAGR, SPIR leads at 0. 4% 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.
05Which has better profit margins — FORR or SPIR?
Spire Global, Inc.
(SPIR) is the more profitable company, earning 71. 7% net margin versus -30. 1% for Forrester Research, Inc. — meaning it keeps 71. 7% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: FORR leads at 0. 5% versus -121. 4% for SPIR. 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.
06Which pays a better dividend — FORR or SPIR?
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.
07Is FORR or SPIR better for a retirement portfolio?
For long-horizon retirement investors, Forrester Research, Inc.
(FORR) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 68)). Spire Global, Inc. (SPIR) carries a higher beta of 2. 93 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (FORR: -77. 0%, SPIR: -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.
08What are the main differences between FORR and SPIR?
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: FORR is a small-cap quality compounder stock; SPIR is a large-cap deep-value 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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