Forrester Research, Inc.(FORR)Earnings, Financials & Key Ratios

FORR•NASDAQ

$6.09

$116M mkt cap·Price updated May 6, 2026

SectorIndustrials IndustryConsulting Services Sub-IndustryData, research and compliance services

AboutForrester Research, Inc. operates as an independent research and advisory services company. The company operates in three segments: Research, Consulting, and Events. The Research segment primary subscription research portfolio services include Forrester Research, SiriusDecisions Research, and Forrester Decisions, which are designed to provide business and technology leaders with a proven path to growth through customer obsession. This segment delivers content, such as future trends, predictions, and market forecasts; deep consumer and business buyer data and insights; curated best practice models and tools to run business functions; operational and performance benchmarking data; and technology and service market landscapes and vendor evaluations through online access. The Consulting segment provides consulting projecs, including conducting maturity assessments, prioritizing best practices, developing strategies, building business cases, selecting technology vendors, structuring organizations, developing content marketing strategies and collateral, and sales tools; and advisory services. The Events segment hosts in-person and virtual events related to business-to-business marketing, sales and product leadership, customer experience, security and risk, new technology and innovation, and data strategies and insights. The company sells its products and services through direct sales force in various locations in the United States, Europe, the United Kingdom, Canada, the Asia Pacific region, and internationally. Forrester Research, Inc. was incorporated in 1983 and is headquartered in Cambridge, Massachusetts.Show more

Revenue$432M-10.0%
EBITDA$31M-20.4%
Net Income-$6M-288.4%
EPS (Diluted)-0.30-287.5%
Gross Margin97.77%+70.1%
EBITDA Margin7.15%-11.5%
Operating Margin0.17%-87.8%
Net Margin-1.33%-309.5%
ROE-2.45%-285.3%
ROIC0.22%-89.8%
Debt/Equity0.32-12.5%
Interest Coverage0.25-88.9%

Technical→

FORR Key Insights

Forrester Research, Inc. (FORR) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

✓Trading at only 0.5x book value

✗Weaknesses

✗Weak 3Y average ROE of 3.0%
✗Negative free cash flow
✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

FORR Price & Volume

Forrester Research, Inc. (FORR) stock price & volume — 10-year historical chart

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FORR Growth Metrics

Forrester Research, Inc. (FORR) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years3.32%

5 Years-1.3%

3 Years-4.36%

TTM-8.73%

Profit CAGR

10 Years-

5 Years-

3 Years-

TTM-1143.1%

EPS CAGR

10 Years-

5 Years-

3 Years-

TTM-1168.6%

Return on Capital

10 Years9.2%

5 Years5.25%

3 Years3.84%

Last Year0.24%

FORR Recent Earnings

Forrester Research, Inc. (FORR) EPS & revenue vs analyst estimates — last 4 quarters

Full history →

●Beat EPS 6/12 qtrs (50%)●Beat Revenue 6/12 qtrs (50%)

Q1 2026Latest

Feb 12, 2026

EPS

$0.17

Est $0.21

-19.0%

Revenue

$101M

Est $103M

-2.1%

Q4 2025

Oct 30, 2025

EPS

$0.37

Est $0.31

+19.4%

Revenue

$94M

Est $103M

-8.7%

Q3 2025

Jul 31, 2025

EPS

$0.34

Est $0.31

+10.9%

Revenue

$112M

Est $99M

+12.6%

Q2 2025

May 6, 2025

EPS

$0.11

Est $0.08

+37.5%

Revenue

$90M

Est $91M

-0.9%

Quarter	Date	EPS (Act vs Est)	Revenue (Act vs Est)
Q1 2026Latest	Feb 12, 2026	$0.17vs $0.21-19.0%	$101Mvs $103M-2.1%
Q4 2025	Oct 30, 2025	$0.37vs $0.31+19.4%	$94Mvs $103M-8.7%
Q3 2025	Jul 31, 2025	$0.34vs $0.31+10.9%	$112Mvs $99M+12.6%
Q2 2025	May 6, 2025	$0.11vs $0.08+37.5%	$90Mvs $91M-0.9%

Based on last 12 quarters of dataView full earnings history →

Company	Market Cap	Stock Price	P/E Ratio (TTM)	Revenue Growth 1Y	Net Margin	Return on Equity (ROE)	FCF Yield	Debt / Equity
ITGartner, Inc.Direct Competitor	10.57B	151.05	15.65	3.67%	11.44%	119.81%	11.12%	11.31
MORNMorningstar, Inc.Direct Competitor	6.38B	167.66	18.90	7.49%	15.3%	30.01%	6.94%	1.15
VRSKVerisk Analytics, Inc.Direct Competitor	22.39B	170.89	26.33	6.63%	29.34%	437.95%	5.32%	16.26
CSGPCoStar Group, Inc.Product Competitor	14.44B	34.07	2052.41	18.67%	0.74%	0.3%	0.28%	0.14
SPGIS&P Global Inc.Product Competitor	125.38B	423.57	28.89	7.94%	29.15%	12.92%	4.35%	0.39
MCOMoody's CorporationProduct Competitor	79.54B	448.64	32.82	8.89%	31.86%	64.11%	3.24%	1.75
FDSFactSet Research Systems Inc.Product Competitor	9.11B	211.79	13.62	5.39%	25.72%	27.66%	6.78%	0.71
CRMSalesforce, Inc.Supply Chain	174.3B	181.19	23.23	9.58%	17.96%	12.61%	8.26%	0.11

Compare FORR vs Peers

Forrester Research, Inc. (FORR) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs IT

Most directly comparable listed peer for FORR.

Scale Benchmark

vs GOOGL

Larger-name benchmark to compare FORR against a more recognizable public peer.

Peer Set

Compare Top 5

vs IT, MORN, VRSK, CSGP

FORR Income Statement

Forrester Research, Inc. (FORR) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily

Line item	Dec'16	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	TTM
Sales/Revenue	326.1M	337.67M	357.57M	461.7M	448.98M	494.31M	537.79M	480.78M	432.47M	403.87M
Revenue Growth %	3.94%	3.55%	5.89%	29.12%	-2.75%	10.1%	8.79%	-10.6%	-10.05%	-8.73%
Cost of Goods Sold	128.18M	136.87M	146.5M	196.73M	180.9M	201.81M	223.77M	204.48M	9.65M	137.84M
COGS % of Revenue	39.31%	40.53%	40.97%	42.61%	40.29%	40.83%	41.61%	42.53%	2.23%	-
Gross Profit	197.92M▲ 0%	200.8M▲ 1.5%	211.07M▲ 5.1%	264.97M▲ 25.5%	268.08M▲ 1.2%	292.5M▲ 9.1%	314.01M▲ 7.4%	276.3M▼ 12.0%	422.82M▲ 53.0%	266.03M▲ 0%
Gross Margin %	60.69%	59.47%	59.03%	57.39%	59.71%	59.17%	58.39%	57.47%	97.77%	65.87%
Gross Profit Growth %	5.58%	1.46%	5.12%	25.54%	1.18%	9.11%	7.36%	-12.01%	53.03%	-
Operating Expenses	166.12M	173.25M	184.86M	266.05M	251.91M	253.86M	281.36M	269.53M	422.08M	349.27M
OpEx % of Revenue	50.94%	51.31%	51.7%	57.62%	56.11%	51.36%	52.32%	56.06%	97.6%	-
Selling, General & Admin	157.48M	165.82M	175.74M	225.91M	216.57M	229M	249.59M	235.85M	218.44M	210.59M
SG&A % of Revenue	48.29%	49.11%	49.15%	48.93%	48.24%	46.33%	46.41%	49.06%	50.51%	-
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	740K	301K	674K	40.14M	35.34M	24.85M	31.77M	33.68M	203.64M	3M
Operating Income	30.77M▲ 0%	27.55M▼ 10.5%	22.43M▼ 18.6%	-1.07M▼ 104.8%	16.18M▲ 1604.7%	38.64M▲ 138.9%	32.65M▼ 15.5%	6.77M▼ 79.3%	740K▼ 89.1%	-83.24M▲ 0%
Operating Margin %	9.44%	8.16%	6.27%	-0.23%	3.6%	7.82%	6.07%	1.41%	0.17%	-20.61%
Operating Income Growth %	63.46%	-10.48%	-18.6%	-104.79%	1604.65%	138.9%	-15.5%	-79.28%	-89.06%	-
EBITDA	39.42M	34.98M	31.54M	42.71M	59.13M	74.58M	69.59M	38.83M	30.92M	-63.56M
EBITDA Margin %	12.09%	10.36%	8.82%	9.25%	13.17%	15.09%	12.94%	8.08%	7.15%	-15.74%
EBITDA Growth %	41.23%	-11.26%	-9.82%	35.4%	38.46%	26.11%	-6.68%	-44.2%	-20.37%	-319.2%
D&A (Non-Cash Add-back)	8.64M	7.43M	9.12M	43.78M	42.96M	35.93M	36.94M	32.07M	30.18M	19.68M
EBIT	31.8M	27.55M	23.52M	-1.54M	18.27M	37.41M	33.19M	9.35M	5.65M	-79.21M
Net Interest Income	0	0	0	-8.05M	-5.34M	-4.22M	-2.46M	-3.06M	-3.01M	-2.74M
Interest Income	0	0	0	0	0	0	0	0	0	0
Interest Expense	0	0	0	8.05M	5.34M	4.22M	2.46M	3.06M	3.01M	2.74M
Other Income/Expense	-65K	-178K	1.1M	-8.52M	-3.24M	-5.45M	-1.93M	-481K	1.9M	1.29M
Pretax Income	30.71M▲ 0%	27.37M▼ 10.9%	23.52M▼ 14.1%	-9.6M▼ 140.8%	12.93M▲ 234.7%	33.19M▲ 156.6%	30.72M▼ 7.4%	6.29M▼ 79.5%	2.64M▼ 58.0%	-81.95M▲ 0%
Pretax Margin %	9.42%	8.11%	6.58%	-2.08%	2.88%	6.71%	5.71%	1.31%	0.61%	-20.29%
Income Tax	13.06M	12.23M	8.14M	-29K	2.94M	8.35M	8.92M	3.23M	8.38M	3.1M
Effective Tax Rate %	42.52%	44.69%	34.62%	0.3%	22.76%	25.15%	29.03%	51.47%	317.94%	-3.79%
Net Income	17.65M▲ 0%	15.14M▼ 14.2%	15.38M▲ 1.6%	-9.57M▼ 162.2%	9.99M▲ 204.4%	24.84M▲ 148.7%	21.81M▼ 12.2%	3.05M▼ 86.0%	-5.75M▼ 288.4%	-85.05M▲ 0%
Net Margin %	5.41%	4.48%	4.3%	-2.07%	2.23%	5.03%	4.05%	0.63%	-1.33%	-21.06%
Net Income Growth %	47.14%	-14.23%	1.59%	-162.22%	204.39%	148.69%	-12.23%	-86.01%	-288.43%	-1143.1%
Net Income (Continuing)	17.65M	15.14M	15.38M	-9.57M	9.99M	24.84M	21.81M	3.05M	-5.75M	-85.05M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)	0.97▲ 0%	0.83▼ 14.4%	0.84▲ 1.2%	-0.52▼ 161.9%	0.53▲ 201.9%	1.28▲ 141.5%	1.14▼ 10.9%	0.16▼ 86.0%	-0.30▼ 287.5%	-4.45▲ 0%
EPS Growth %	46.97%	-14.43%	1.2%	-161.9%	201.92%	141.51%	-10.94%	-85.96%	-287.5%	-1168.6%
EPS (Basic)	0.98	0.84	0.85	-0.52	0.53	1.30	1.15	0.16	-0.30	-
Diluted Shares Outstanding	18.27M	18.24M	18.38M	18.49M	18.93M	19.36M	19.17M	19.26M	19.09M	19.11M
Basic Shares Outstanding	17.98M	17.92M	18.09M	18.49M	18.83M	19.11M	18.97M	19.18M	19.09M	19.11M
Dividend Payout Ratio	73.58%	90.03%	94.29%	-	-	-	-	-	-	-

FORR Balance Sheet

Forrester Research, Inc. (FORR) balance sheet — assets, liabilities & shareholders' equity

Line item	Dec'16	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	TTM
Total Current Assets	223.44M	236.82M	236.09M	192.04M	217.16M	269.49M	235.29M	216M	201.36M	193.64M
Cash & Short-Term Investments	138.1M	134.12M	140.3M	67.9M	90.26M	134.28M	123.32M	124.49M	104.67M	131.95M
Cash Only	76.96M	79.79M	140.3M	67.9M	90.26M	115.77M	123.32M	72.91M	56.09M	65.12M
Short-Term Investments	61.15M	54.33M	0	0	0	18.51M	0	51.58M	48.58M	66.83M
Accounts Receivable	58.81M	70.02M	67.32M	84.61M	84.69M	86.97M	73.34M	59M	55.49M	33.59M
Days Sales Outstanding	65.83	75.69	68.72	66.89	68.85	64.21	49.78	44.79	46.83	38.99
Inventory	12.05M	13.73M	15.68M	20.33M	23.62M	29.63M	0	0	0	0
Days Inventory Outstanding	34.32	36.62	39.06	37.71	47.66	53.59	-	-	-	-
Other Current Assets	12.05M	13.73M	15.68M	1.25M	0	0	24.56M	23.21M	41.2M	28.1M
Total Non-Current Assets	112.35M	108.38M	117.43M	447.12M	427.06M	410.64M	373.15M	348.17M	302.5M	220.54M
Property, Plant & Equipment	23.89M	25.25M	22M	99.04M	96.33M	93.25M	73.18M	59.12M	38.75M	41.59M
Fixed Asset Turnover	13.65x	13.37x	16.25x	4.66x	4.66x	5.30x	7.35x	8.13x	11.16x	10.13x
Goodwill	73.19M	76.17M	85.17M	243.9M	247.21M	244.99M	242.15M	244.26M	227.96M	147.19M
Intangible Assets	1.46M	732K	4.95M	97.36M	78M	62.73M	49.5M	37.64M	27.48M	20.82M
Long-Term Investments	2.8M	1.9M	2.5M	2.54M	600K	2.86M	2.92M	1.2M	2.1M	4.27M
Other Non-Current Assets	1.2M	831K	5.31M	3.29M	3.32M	5.3M	4.59M	5.96M	6.22M	38.11M
Total Assets	335.79M▲ 0%	345.2M▲ 2.8%	353.52M▲ 2.4%	639.16M▲ 80.8%	644.22M▲ 0.8%	680.13M▲ 5.6%	608.44M▼ 10.5%	564.17M▼ 7.3%	503.86M▼ 10.7%	414.18M▲ 0%
Asset Turnover	0.97x	0.98x	1.01x	0.72x	0.70x	0.73x	0.88x	0.85x	0.86x	0.90x
Asset Growth %	5.26%	2.8%	2.41%	80.8%	0.79%	5.57%	-10.54%	-7.27%	-10.69%	-66.38%
Total Current Liabilities	177.47M	195.05M	189.99M	268.93M	269.75M	312.34M	269.39M	240.08M	203.97M	182.1M
Accounts Payable	1.81M	217K	588K	505K	657K	840K	361K	1.8M	965K	1.82M
Days Payables Outstanding	5.14	0.58	1.47	0.94	1.33	1.52	0.59	3.21	36.51	3.32
Short-Term Debt	0	0	0	9.38M	12.5M	12.99M	0	0	0	7.5M
Deferred Revenue (Current)	134.26M	145.21M	135.33M	179.19M	179.97M	213.7M	178.02M	156.8M	145.4M	621.73M
Other Current Liabilities	8.02M	10.91M	15.61M	16.99M	12.75M	5.11M	17.97M	19.2M	11.82M	0
Current Ratio	1.26x	1.21x	1.24x	0.71x	0.81x	0.86x	0.87x	0.90x	0.99x	0.99x
Quick Ratio	1.19x	1.14x	1.16x	0.64x	0.72x	0.77x	0.87x	0.90x	0.99x	0.99x
Cash Conversion Cycle	95.01	111.73	106.31	103.66	115.19	116.29	-	-	-	35.67
Total Non-Current Liabilities	8.28M	8.96M	11.94M	212.14M	188.71M	163.89M	117.39M	83.83M	70.35M	74.41M
Long-Term Debt	0	0	0	121.17M	95.3M	75M	50M	35M	35M	35M
Capital Lease Obligations	0	0	0	67.06M	70.32M	65.04M	50.75M	37.67M	24.81M	113.71M
Deferred Tax Liabilities	100K	500K	969K	22.88M	21.53M	21.35M	14.13M	8.68M	8.71M	8.71M
Other Non-Current Liabilities	8.28M	8.96M	10.97M	1.02M	1.56M	2.5M	2.51M	2.48M	1.84M	30.29M
Total Liabilities	185.75M	204.01M	201.92M	481.07M	458.45M	476.22M	386.78M	323.91M	274.32M	256.51M
Total Debt	0	0	0	209.81M	190.09M	153.03M	114.38M	86.85M	72.57M	74.29M
Net Debt	-76.96M	-79.79M	-140.3M	141.91M	99.84M	18.75M	-8.93M	13.95M	16.48M	1.67M
Debt / Equity	-	-	-	1.33x	1.02x	0.75x	0.52x	0.36x	0.32x	0.32x
Debt / EBITDA	-	-	-	4.91x	3.21x	2.05x	1.64x	2.24x	2.35x	-1.17x
Net Debt / EBITDA	-1.95x	-2.28x	-4.45x	3.32x	1.69x	0.25x	-0.13x	0.36x	0.53x	0.53x
Interest Coverage	-	-	-	-0.13x	3.03x	9.15x	13.27x	2.21x	0.25x	-28.89x
Total Equity	150.04M▲ 0%	141.19M▼ 5.9%	151.6M▲ 7.4%	158.09M▲ 4.3%	185.77M▲ 17.5%	203.91M▲ 9.8%	221.66M▲ 8.7%	240.26M▲ 8.4%	229.54M▼ 4.5%	157.67M▲ 0%
Equity Growth %	17.86%	-5.9%	7.37%	4.28%	17.51%	9.77%	8.7%	8.4%	-4.47%	-106.04%
Book Value per Share	8.21	7.74	8.25	8.55	9.81	10.53	11.56	12.48	12.02	8.25
Total Shareholders' Equity	150.04M	141.19M	151.6M	158.09M	185.77M	203.91M	221.66M	240.26M	229.54M	157.67M
Common Stock	217K	224K	230K	233K	236K	241K	244K	247K	251K	255K
Retained Earnings	121.8M	123.01M	127.72M	118.15M	127.98M	152.82M	174.63M	177.68M	171.93M	86.45M
Treasury Stock	-121.98M	-161.94M	-171.89M	-171.89M	-171.89M	-191.96M	-207.07M	-211.15M	-227.12M	-229.62M
Accumulated OCI	-7.57M	-2.01M	-5.15M	-4.86M	-690K	-3.19M	-7.92M	-4.57M	-7.75M	-1.17M
Minority Interest	0	0	0	0	0	0	0	0	0	0

FORR Cash Flow Statement

Forrester Research, Inc. (FORR) cash flow — operating, investing & free cash flow history

Line item	Dec'16	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	TTM
Cash from Operations	41.86M	37.49M	38.42M	48.41M	47.75M	107.07M	39.42M	21.67M	-3.86M	-3.86M
Operating CF Margin %	12.84%	11.1%	10.74%	10.48%	10.64%	21.66%	7.33%	4.51%	-0.89%	-
Operating CF Growth %	28.93%	-10.43%	2.47%	26%	-1.35%	124.21%	-63.18%	-45.03%	-117.81%	4486.85%
Net Income	17.65M	15.14M	15.38M	-9.57M	9.99M	24.84M	21.81M	3.05M	-5.75M	-85.05M
Depreciation & Amortization	8.64M	7.43M	9.12M	43.78M	42.96M	35.93M	36.94M	32.07M	30.18M	22.69M
Stock-Based Compensation	7.98M	8.49M	8.3M	11.68M	10.88M	10.07M	14.54M	15.49M	14.34M	12.97M
Deferred Taxes	2.6M	6.42M	2.93M	-3.96M	-1.68M	-275K	-6.65M	-5.46M	-58K	-3.24M
Other Non-Cash Items	1.07M	1.32M	110K	1.86M	189K	2.42M	1.67M	918K	2.92M	91.19M
Working Capital Changes	3.92M	-1.31M	2.58M	4.61M	-14.58M	34.07M	-28.88M	-24.39M	-45.5M	-16.1M
Change in Receivables	7.96M	-10.33M	2.59M	3.7M	234K	-3.9M	12.84M	14.71M	-9K	5.13M
Change in Inventory	-1.7M	3.71M	1.5M	-10.23M	-10.7M	7.77M	0	0	0	0
Change in Payables	1.32M	-1.6M	172K	278K	109K	201K	-461K	1.43M	-814K	250K
Cash from Investing	-17.86M	-970K	40.09M	-249.54M	-4.57M	-29.3M	-6.81M	-36.76M	5.02M	-15.46M
Capital Expenditures	-4.14M	-7.86M	-5.05M	-11.89M	-8.9M	-10.74M	-5.66M	-5.5M	-3.4M	-2.58M
CapEx % of Revenue	1.27%	2.33%	1.41%	2.58%	1.98%	2.17%	1.05%	1.14%	0.79%	-
Acquisitions	0	0	-9.25M	-237.68M	0	0	0	0	0	0
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-48K	343K	1K	29K	4.33M	56K	201K	13K	5.94M	1.64M
Cash from Financing	2.51M	-37.62M	-13.95M	129.44M	-23.69M	-49.14M	-38.87M	-18.3M	-16.1M	-5.42M
Debt Issued (Net)	0	0	0	129.03M	-23.38M	-34.38M	-25M	-15M	0	0
Equity Issued (Net)	1000K	-1000K	1000K	0	1000K	-1000K	-1000K	-1000K	-1000K	-1.38M
Dividends Paid	-12.99M	-13.63M	-14.5M	0	0	0	0	0	0	0
Share Repurchases	-1.79M	-39.97M	-9.95M	-2.26M	0	-20.07M	-15.11M	-4.08M	-15.92M	-5.34M
Other Financing	550K	-2.53M	-2.53M	413K	-6.02M	-3.87M	-3.11M	783K	-179K	-1.35M
Net Change in Cash	23.63M▲ 0%	2.83M▼ 88.0%	60.51M▲ 2036.5%	-71.1M▼ 217.5%	21.46M▲ 130.2%	27.38M▲ 27.6%	-12.38M▼ 145.2%	-30.61M▼ 147.3%	-16.86M▲ 44.9%	2.38M▲ 0%
Free Cash Flow	37.72M▲ 0%	29.63M▼ 21.4%	33.37M▲ 12.6%	36.52M▲ 9.4%	38.85M▲ 6.4%	96.32M▲ 147.9%	33.76M▼ 64.9%	16.18M▼ 52.1%	-7.26M▼ 144.9%	19.88M▲ 0%
FCF Margin %	11.57%	8.78%	9.33%	7.91%	8.65%	19.49%	6.28%	3.36%	-1.68%	4.92%
FCF Growth %	32.18%	-21.44%	12.61%	9.43%	6.39%	147.94%	-64.95%	-52.08%	-144.88%	260.46%
FCF per Share	2.06	1.62	1.82	1.97	2.05	4.98	1.76	0.84	-0.38	-0.38
FCF Conversion (FCF/Net Income)	2.37x	2.48x	2.50x	-5.06x	4.78x	4.31x	1.81x	7.11x	0.67x	-0.23x
Interest Paid	0	0	0	7M	4.37M	3.28M	2.02M	2.6M	2.56M	2.49M
Taxes Paid	8.51M	10.43M	4.17M	4.43M	3.19M	9.81M	8.9M	10.64M	9.28M	-2.09M

FORR Key Ratios

Forrester Research, Inc. (FORR) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	TTM
Return on Equity (ROE)	12.73%	10.4%	10.51%	-6.18%	5.81%	12.75%	10.25%	1.32%	-2.45%	-53.94%
Return on Invested Capital (ROIC)	31.39%	30.73%	46.27%	-0.52%	4.14%	11%	10.79%	2.17%	0.22%	0.22%
Gross Margin	60.69%	59.47%	59.03%	57.39%	59.71%	59.17%	58.39%	57.47%	97.77%	65.87%
Net Margin	5.41%	4.48%	4.3%	-2.07%	2.23%	5.03%	4.05%	0.63%	-1.33%	-21.06%
Debt / Equity	-	-	-	1.33x	1.02x	0.75x	0.52x	0.36x	0.32x	0.32x
Interest Coverage	-	-	-	-0.13x	3.03x	9.15x	13.27x	2.21x	0.25x	-28.89x
FCF Conversion	2.37x	2.48x	2.50x	-5.06x	4.78x	4.31x	1.81x	7.11x	0.67x	-0.23x
Revenue Growth	3.94%	3.55%	5.89%	29.12%	-2.75%	10.1%	8.79%	-10.6%	-10.05%	-8.73%

FORR SEC Filings & Documents

Forrester Research, Inc. (FORR) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

Material company update

Feb 12, 2026·SEC

Material company update

Feb 9, 2026·SEC

Material company update

Oct 31, 2025·SEC

10-K Annual Reports

FY 2026

Mar 13, 2026·SEC

FY 2025

Mar 7, 2025·SEC

FY 2024

Mar 8, 2024·SEC

10-Q Quarterly Reports

FY 2025

Nov 10, 2025·SEC

FY 2025

Aug 5, 2025·SEC

FY 2025

May 12, 2025·SEC

FORR Frequently Asked Questions

Forrester Research, Inc. (FORR) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Forrester Research, Inc. (FORR) reported $403.9M in revenue for fiscal year 2024. This represents a 2666% increase from $14.6M in 1995.

Forrester Research, Inc. (FORR) saw revenue decline by 10.0% over the past year.

Forrester Research, Inc. (FORR) reported a net loss of $85.1M for fiscal year 2024.

Dividend & Returns

Forrester Research, Inc. (FORR) has a return on equity (ROE) of -2.4%. Negative ROE indicates the company is unprofitable.

Forrester Research, Inc. (FORR) generated $19.9M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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