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Forrester Research, Inc.(FORR)Earnings, Financials & Key Ratios
FORR•NASDAQ
Price updated Jun 19, 2026
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$397M-8.2%
- EBITDA$17M-45.9%
- Net Income-$119M-1976.9%
- EPS (Diluted)-6.28-1993.3%
- Gross Margin53.26%-45.5%
- EBITDA Margin4.21%-41.1%
- Operating Margin0.49%+186.8%
- Net Margin-30.07%-2163.1%
- ROE-67.04%-2640.3%
FORR Key Insights
Forrester Research, Inc. (FORR) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Trading at only 1.0x book value
✗Weaknesses
- ✗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.
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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 Years2.38%
5 Years-2.44%
3 Years-9.63%
TTM-7.06%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM37.56%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM38.26%
Return on Capital
10 Years7.97%
5 Years4.55%
3 Years1.04%
Last Year0.84%
FORR Recent Earnings
Forrester Research, Inc. (FORR) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 6/12 qtrs (50%)●Beat Revenue 7/12 qtrs (58%)
Q2 2026Latest
May 6, 2026Metric
Actual
Est
EPS
$0.04-133.3%
$0.12
Rev
$85M+2.6%
$83M
Q1 2026
Feb 12, 2026Metric
Actual
Est
EPS
$0.17-19.0%
$0.21
Rev
$101M-2.1%
$103M
Q4 2025
Oct 30, 2025Metric
Actual
Est
EPS
$0.37+19.4%
$0.31
Rev
$94M-8.7%
$103M
Q3 2025
Jul 31, 2025Metric
Actual
Est
EPS
$0.34+10.9%
$0.31
Rev
$112M+12.6%
$99M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 6, 2026 | $0.04vs $0.12-133.3% | $85Mvs $83M+2.6% |
| Q1 2026 | 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% |
Based on last 12 quarters of dataView full earnings history →
FORR Peer Comparison
Forrester Research, Inc. (FORR) competitors in Data, research and compliance services — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 IT | 8.54B | 127.49 | 13.21 | 3.67% | 11.44% | 119.81% | 11.31 | |
 MORN | 5.84B | 153.68 | 17.33 | 7.49% | 16.06% | 30.01% | 1.15 | |
 VRSK | 22.77B | 173.80 | 26.78 | 6.63% | 29.34% | 437.95% | 16.26 | |
 CSGP | 12.77B | 30.12 | 1814.46 | 18.67% | 0.74% | 0.3% | 0.14 | |
 SPGI | 121.63B | 410.92 | 28.03 | 7.94% | 30.37% | 12.92% | 0.39 | |
 MCO | 79.9B | 450.67 | 32.97 | 8.89% | 31.69% | 64.11% | 1.75 | |
 FDS | 8.2B | 221.29 | 14.23 | 5.39% | 24.48% | 27.22% | 0.71 | |
 CRM | 124.31B | 151.78 | 19.46 | 9.58% | 18.73% | 14.95% | 0.29 |
Compare FORR vs Peers
Forrester Research, Inc. (FORR) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
FORR Income Statement
Forrester Research, Inc. (FORR) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Sales/Revenue | 337.67M | 357.57M | 461.7M | 448.98M | 494.31M | 537.79M | 480.78M | 432.47M | 396.89M | 392.47M |
Revenue Growth % | 3.55% | 5.89% | 29.12% | -2.75% | 10.1% | 8.79% | -10.6% | -10.05% | -8.23% | -7.06% |
Cost of Goods Sold | 136.87M | 146.5M | 196.73M | 180.9M | 201.81M | 223.77M | 204.48M | 9.65M | 185.49M | 180.46M |
COGS % of Revenue | 40.53% | 40.97% | 42.61% | 40.29% | 40.83% | 41.61% | 42.53% | 2.23% | 46.74% | - |
Gross Profit | 200.8M▲ 0% | 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% | 211.4M▼ 50.0% | 212M▲ 0% |
Gross Margin % | 59.47% | 59.03% | 57.39% | 59.71% | 59.17% | 58.39% | 57.47% | 97.77% | 53.26% | 54.02% |
Gross Profit Growth % | 1.46% | 5.12% | 25.54% | 1.18% | 9.11% | 7.36% | -12.01% | 53.03% | -50% | - |
Operating Expenses | 173.25M | 184.86M | 266.05M | 251.91M | 253.86M | 281.36M | 269.53M | 422.08M | 209.45M | 213.13M |
OpEx % of Revenue | 51.31% | 51.7% | 57.62% | 56.11% | 51.36% | 52.32% | 56.06% | 97.6% | 52.77% | - |
Selling, General & Admin | 165.82M | 175.74M | 225.91M | 216.57M | 229M | 249.59M | 235.85M | 218.44M | 209.45M | 208.76M |
SG&A % of Revenue | 49.11% | 49.15% | 48.93% | 48.24% | 46.33% | 46.41% | 49.06% | 50.51% | 52.77% | - |
Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
R&D % of Revenue | - | - | - | - | - | - | - | - | - | - |
Other Operating Expenses | 301K | 674K | 40.14M | 35.34M | 24.85M | 31.77M | 33.68M | 203.64M | 0 | 1000K |
Operating Income | 27.55M▲ 0% | 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% | 1.95M▲ 163.2% | -1.13M▲ 0% |
Operating Margin % | 8.16% | 6.27% | -0.23% | 3.6% | 7.82% | 6.07% | 1.41% | 0.17% | 0.49% | -0.29% |
Operating Income Growth % | -10.48% | -18.6% | -104.79% | 1604.65% | 138.9% | -15.5% | -79.28% | -89.06% | 163.24% | - |
EBITDA | 34.98M | 31.54M | 42.71M | 59.13M | 74.58M | 69.59M | 38.83M | 30.92M | 16.72M | 13.47M |
EBITDA Margin % | 10.36% | 8.82% | 9.25% | 13.17% | 15.09% | 12.94% | 8.08% | 7.15% | 4.21% | 3.43% |
EBITDA Growth % | -11.26% | -9.82% | 35.4% | 38.46% | 26.11% | -6.68% | -44.2% | -20.37% | -45.94% | 125% |
D&A (Non-Cash Add-back) | 7.43M | 9.12M | 43.78M | 42.96M | 35.93M | 36.94M | 32.07M | 30.18M | 14.77M | 14.59M |
EBIT | 27.55M | 23.52M | -1.54M | 18.27M | 37.41M | 33.19M | 9.35M | 5.65M | 1.95M | 756K |
Net Interest Income | 0 | 0 | -8.05M | -5.34M | -4.22M | -2.46M | -3.06M | -3.01M | -2.68M | -2.82M |
Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Interest Expense | 0 | 0 | 8.05M | 5.34M | 4.22M | 2.46M | 3.06M | 3.01M | 2.68M | 2.82M |
Other Income/Expense | -178K | 1.1M | -8.52M | -3.24M | -5.45M | -1.93M | -481K | 1.9M | -121.36M | -48.7M |
Pretax Income | 27.37M▲ 0% | 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% | -119.41M▼ 4628.2% | -49.83M▲ 0% |
Pretax Margin % | 8.11% | 6.58% | -2.08% | 2.88% | 6.71% | 5.71% | 1.31% | 0.61% | -30.09% | -12.7% |
Income Tax | 12.23M | 8.14M | -29K | 2.94M | 8.35M | 8.92M | 3.23M | 8.38M | -49K | 4.08M |
Effective Tax Rate % | 44.69% | 34.62% | 0.3% | 22.76% | 25.15% | 29.03% | 51.47% | 317.94% | 0.04% | -8.2% |
Net Income | 15.14M▲ 0% | 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% | -119.36M▼ 1976.9% | -53.91M▲ 0% |
Net Margin % | 4.48% | 4.3% | -2.07% | 2.23% | 5.03% | 4.05% | 0.63% | -1.33% | -30.07% | -13.74% |
Net Income Growth % | -14.23% | 1.59% | -162.22% | 204.39% | 148.69% | -12.23% | -86.01% | -288.43% | -1976.91% | 37.56% |
Net Income (Continuing) | 15.14M | 15.38M | -9.57M | 9.99M | 24.84M | 21.81M | 3.05M | -5.75M | -119.36M | -53.91M |
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) | 0.83▲ 0% | 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% | -6.28▼ 1993.3% | -2.83▲ 0% |
EPS Growth % | -14.43% | 1.2% | -161.9% | 201.92% | 141.51% | -10.94% | -85.96% | -287.5% | -1993.33% | 38.26% |
EPS (Basic) | 0.84 | 0.85 | -0.52 | 0.53 | 1.30 | 1.15 | 0.16 | -0.30 | -6.28 | - |
Diluted Shares Outstanding | 18.24M | 18.38M | 18.49M | 18.93M | 19.36M | 19.17M | 19.26M | 19.09M | 19.02M | 19.07M |
Basic Shares Outstanding | 17.92M | 18.09M | 18.49M | 18.83M | 19.11M | 18.97M | 19.18M | 19.09M | 19.02M | 19.07M |
Dividend Payout Ratio | 90.03% | 94.29% | - | - | - | - | - | - | - | - |
FORR Balance Sheet
Forrester Research, Inc. (FORR) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Total Current Assets | 236.82M | 236.09M | 192.04M | 217.16M | 269.49M | 235.29M | 216M | 201.36M | 212.69M | 218.37M |
Cash & Short-Term Investments | 134.12M | 140.3M | 67.9M | 90.26M | 134.28M | 123.32M | 124.49M | 104.67M | 127.66M | 73.9M |
Cash Only | 79.79M | 140.3M | 67.9M | 90.26M | 115.77M | 123.32M | 72.91M | 56.09M | 63.34M | 73.9M |
Short-Term Investments | 54.33M | 0 | 0 | 0 | 18.51M | 0 | 51.58M | 48.58M | 64.32M | 0 |
Accounts Receivable | 70.02M | 67.32M | 84.61M | 84.69M | 86.97M | 73.34M | 59M | 55.49M | 50.85M | 40.9M |
Days Sales Outstanding | 75.69 | 68.72 | 66.89 | 68.85 | 64.21 | 49.78 | 44.79 | 46.83 | 46.76 | 38.5 |
Inventory | 13.73M | 15.68M | 20.33M | 23.62M | 29.63M | 0 | 0 | 0 | 0 | 0 |
Days Inventory Outstanding | 36.62 | 39.06 | 37.71 | 47.66 | 53.59 | - | - | - | - | - |
Other Current Assets | 13.73M | 15.68M | 1.25M | 0 | 0 | 24.56M | 23.21M | 41.2M | 34.18M | 103.57M |
Total Non-Current Assets | 108.38M | 117.43M | 447.12M | 427.06M | 410.64M | 373.15M | 348.17M | 302.5M | 191.35M | 190.7M |
Property, Plant & Equipment | 25.25M | 22M | 99.04M | 96.33M | 93.25M | 73.18M | 59.12M | 38.75M | 41.88M | 48.9M |
Fixed Asset Turnover | 13.37x | 16.25x | 4.66x | 4.66x | 5.30x | 7.35x | 8.13x | 11.16x | 9.48x | 8.94x |
Goodwill | 76.17M | 85.17M | 243.9M | 247.21M | 244.99M | 242.15M | 244.26M | 227.96M | 120.38M | 109.12M |
Intangible Assets | 732K | 4.95M | 97.36M | 78M | 62.73M | 49.5M | 37.64M | 27.48M | 18.73M | 16.65M |
Long-Term Investments | 1.9M | 2.5M | 2.54M | 600K | 2.86M | 2.92M | 1.2M | 2.1M | 0 | 0 |
Other Non-Current Assets | 831K | 5.31M | 3.29M | 3.32M | 5.3M | 4.59M | 5.96M | 6.22M | 10.36M | 16.03M |
Total Assets | 345.2M▲ 0% | 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% | 404.03M▼ 19.8% | 409.07M▲ 0% |
Asset Turnover | 0.98x | 1.01x | 0.72x | 0.70x | 0.73x | 0.88x | 0.85x | 0.86x | 0.98x | 0.94x |
Asset Growth % | 2.8% | 2.41% | 80.8% | 0.79% | 5.57% | -10.54% | -7.27% | -10.69% | -19.81% | -61.64% |
Total Current Liabilities | 195.05M | 189.99M | 268.93M | 269.75M | 312.34M | 269.39M | 240.08M | 203.97M | 240.06M | 237.89M |
Accounts Payable | 217K | 588K | 505K | 657K | 840K | 361K | 1.8M | 965K | 832K | 1.08M |
Days Payables Outstanding | 0.58 | 1.47 | 0.94 | 1.33 | 1.52 | 0.59 | 3.21 | 36.51 | 1.64 | 2.8 |
Short-Term Debt | 0 | 0 | 9.38M | 12.5M | 12.99M | 0 | 0 | 0 | 35M | 0 |
Deferred Revenue (Current) | 145.21M | 135.33M | 179.19M | 179.97M | 213.7M | 178.02M | 156.8M | 145.4M | 141.81M | 610.75M |
Other Current Liabilities | 10.91M | 15.61M | 16.99M | 12.75M | 5.11M | 17.97M | 19.2M | 11.82M | 15.58M | 64.69M |
Current Ratio | 1.21x | 1.24x | 0.71x | 0.81x | 0.86x | 0.87x | 0.90x | 0.99x | 0.89x | 0.92x |
Quick Ratio | 1.14x | 1.16x | 0.64x | 0.72x | 0.77x | 0.87x | 0.90x | 0.99x | 0.89x | 0.92x |
Cash Conversion Cycle | 111.73 | 106.31 | 103.66 | 115.19 | 116.29 | - | - | - | - | 35.7 |
Total Non-Current Liabilities | 8.96M | 11.94M | 212.14M | 188.71M | 163.89M | 117.39M | 83.83M | 70.35M | 37.45M | 65.13M |
Long-Term Debt | 0 | 0 | 121.17M | 95.3M | 75M | 50M | 35M | 35M | 0 | 62.34M |
Capital Lease Obligations | 0 | 0 | 67.06M | 70.32M | 65.04M | 50.75M | 37.67M | 24.81M | 29.51M | 96.42M |
Deferred Tax Liabilities | 500K | 969K | 22.88M | 21.53M | 21.35M | 14.13M | 8.68M | 8.71M | 5.88M | 5.88M |
Other Non-Current Liabilities | 8.96M | 10.97M | 1.02M | 1.56M | 2.5M | 2.51M | 2.48M | 1.84M | 2.05M | 2.79M |
Total Liabilities | 204.01M | 201.92M | 481.07M | 458.45M | 476.22M | 386.78M | 323.91M | 274.32M | 277.51M | 303.01M |
Total Debt | 0 | 0 | 209.81M | 190.09M | 153.03M | 114.38M | 86.85M | 72.57M | 71.89M | 62.34M |
Net Debt | -79.79M | -140.3M | 141.91M | 99.84M | 18.75M | -8.93M | 13.95M | 16.48M | 8.56M | -11.56M |
Debt / Equity | - | - | 1.33x | 1.02x | 0.75x | 0.52x | 0.36x | 0.32x | 0.57x | 0.59x |
Debt / EBITDA | - | - | 4.91x | 3.21x | 2.05x | 1.64x | 2.24x | 2.35x | 4.30x | 4.63x |
Net Debt / EBITDA | -2.28x | -4.45x | 3.32x | 1.69x | 0.25x | -0.13x | 0.36x | 0.53x | 0.51x | -0.86x |
Interest Coverage | - | - | -0.19x | 3.42x | 8.86x | 13.48x | 3.05x | 1.88x | 0.73x | 0.27x |
Total Equity | 141.19M▲ 0% | 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% | 126.53M▼ 44.9% | 106.05M▲ 0% |
Equity Growth % | -5.9% | 7.37% | 4.28% | 17.51% | 9.77% | 8.7% | 8.4% | -4.47% | -44.88% | -138.36% |
Book Value per Share | 7.74 | 8.25 | 8.55 | 9.81 | 10.53 | 11.56 | 12.48 | 12.02 | 6.65 | 5.56 |
Total Shareholders' Equity | 141.19M | 151.6M | 158.09M | 185.77M | 203.91M | 221.66M | 240.26M | 229.54M | 126.53M | 106.05M |
Common Stock | 224K | 230K | 233K | 236K | 241K | 244K | 247K | 251K | 255K | 0 |
Retained Earnings | 123.01M | 127.72M | 118.15M | 127.98M | 152.82M | 174.63M | 177.68M | 171.93M | 52.57M | 30.75M |
Treasury Stock | -161.94M | -171.89M | -171.89M | -171.89M | -191.96M | -207.07M | -211.15M | -227.12M | -229.62M | 0 |
Accumulated OCI | -2.01M | -5.15M | -4.86M | -690K | -3.19M | -7.92M | -4.57M | -7.75M | -1.09M | -2.57M |
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
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operations | 37.49M | 38.42M | 48.41M | 47.75M | 107.07M | 39.42M | 21.67M | -3.86M | 21.08M | -5.64M |
Operating CF Margin % | 11.1% | 10.74% | 10.48% | 10.64% | 21.66% | 7.33% | 4.51% | -0.89% | 5.31% | - |
Operating CF Growth % | -10.43% | 2.47% | 26% | -1.35% | 124.21% | -63.18% | -45.03% | -117.81% | 646% | 153.08% |
Net Income | 15.14M | 15.38M | -9.57M | 9.99M | 24.84M | 21.81M | 3.05M | -5.75M | -119.36M | -53.91M |
Depreciation & Amortization | 7.43M | 9.12M | 43.78M | 42.96M | 35.93M | 36.94M | 32.07M | 30.18M | 14.77M | 20.01M |
Stock-Based Compensation | 8.49M | 8.3M | 11.68M | 10.88M | 10.07M | 14.54M | 15.49M | 14.34M | 12.26M | 9.78M |
Deferred Taxes | 6.42M | 2.93M | -3.96M | -1.68M | -275K | -6.65M | -5.46M | -58K | -3.93M | -4.81M |
Other Non-Cash Items | 1.32M | 110K | 1.86M | 189K | 2.42M | 1.67M | 918K | 2.92M | 125.67M | 50.91M |
Working Capital Changes | -1.31M | 2.58M | 4.61M | -14.58M | 34.07M | -28.88M | -24.39M | -45.5M | -8.32M | -27.63M |
Change in Receivables | -10.33M | 2.59M | 3.7M | 234K | -3.9M | 12.84M | 14.71M | -9K | 4.85M | -7.54M |
Change in Inventory | 3.71M | 1.5M | -10.23M | -10.7M | 7.77M | 0 | 0 | 0 | 0 | 0 |
Change in Payables | -1.6M | 172K | 278K | 109K | 201K | -461K | 1.43M | -814K | -144K | 400K |
Cash from Investing | -970K | 40.09M | -249.54M | -4.57M | -29.3M | -6.81M | -36.76M | 5.02M | -14.07M | -5.59M |
Capital Expenditures | -7.86M | -5.05M | -11.89M | -8.9M | -10.74M | -5.66M | -5.5M | -3.4M | -2.99M | -2.34M |
CapEx % of Revenue | 2.33% | 1.41% | 2.58% | 1.98% | 2.17% | 1.05% | 1.14% | 0.79% | 0.75% | 0.6% |
Acquisitions | 0 | -9.25M | -237.68M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments | - | - | - | - | - | - | - | - | - | - |
Other Investing | 343K | 1K | 29K | 4.33M | 56K | 201K | 13K | 5.94M | 1.64M | 392K |
Cash from Financing | -37.62M | -13.95M | 129.44M | -23.69M | -49.14M | -38.87M | -18.3M | -16.1M | -2.57M | -2.8M |
Debt Issued (Net) | 0 | 0 | 129.03M | -23.38M | -34.38M | -25M | -15M | 0 | 0 | 0 |
Equity Issued (Net) | -21.46M | 3.07M | 0 | 5.71M | -10.9M | -10.76M | -4.08M | -15.92M | -1.27M | -1.94M |
Dividends Paid | -13.63M | -14.5M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Share Repurchases | -39.97M | -9.95M | -2.26M | 0 | -20.07M | -15.11M | -4.08M | -15.92M | -2.54M | -2.54M |
Other Financing | -2.53M | -2.53M | 413K | -6.02M | -3.87M | -3.11M | 783K | -179K | -1.29M | -866K |
Net Change in Cash | 2.83M▲ 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% | 7.4M▲ 143.9% | 69.97M▲ 0% |
Free Cash Flow | 29.63M▲ 0% | 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% | 18.09M▲ 349.2% | -7.98M▲ 0% |
FCF Margin % | 8.78% | 9.33% | 7.91% | 8.65% | 19.49% | 6.28% | 3.36% | -1.68% | 4.56% | -2.03% |
FCF Growth % | -21.44% | 12.61% | 9.43% | 6.39% | 147.94% | -64.95% | -52.08% | -144.88% | 349.19% | -140.66% |
FCF per Share | 1.62 | 1.82 | 1.97 | 2.05 | 4.98 | 1.76 | 0.84 | -0.38 | 0.95 | -0.42 |
FCF Conversion (FCF/Net Income) | 2.48x | 2.50x | -5.06x | 4.78x | 4.31x | 1.81x | 7.11x | 0.67x | -0.18x | 0.15x |
Interest Paid | 0 | 0 | 7M | 4.37M | 3.28M | 2.02M | 2.6M | 2.56M | 0 | 1.13M |
Taxes Paid | 10.43M | 4.17M | 4.43M | 3.19M | 9.81M | 8.9M | 10.64M | 9.28M | 0 | 3.19M |
FORR Key Ratios
Forrester Research, Inc. (FORR) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Return on Equity (ROE) | 10.4% | 10.51% | -6.18% | 5.81% | 12.75% | 10.25% | 1.32% | -2.45% | -67.04% | -39.22% |
Return on Invested Capital (ROIC) | 30.73% | 46.27% | -0.52% | 4.14% | 11% | 10.79% | 2.17% | 0.22% | 0.77% | -0.6% |
Gross Margin | 59.47% | 59.03% | 57.39% | 59.71% | 59.17% | 58.39% | 57.47% | 97.77% | 53.26% | 54.02% |
Net Margin | 4.48% | 4.3% | -2.07% | 2.23% | 5.03% | 4.05% | 0.63% | -1.33% | -30.07% | -13.74% |
Debt / Equity | - | - | 1.33x | 1.02x | 0.75x | 0.52x | 0.36x | 0.32x | 0.57x | 0.59x |
Interest Coverage | - | - | -0.19x | 3.42x | 8.86x | 13.48x | 3.05x | 1.88x | 0.73x | 0.27x |
FCF Conversion | 2.48x | 2.50x | -5.06x | 4.78x | 4.31x | 1.81x | 7.11x | 0.67x | -0.18x | 0.15x |
Revenue Growth | 3.55% | 5.89% | 29.12% | -2.75% | 10.1% | 8.79% | -10.6% | -10.05% | -8.23% | -7.06% |
Related:FORR Dividend History·FORR Revenue History·FORR Price History·FORR P/E History·FORR Financial Ratios·FORR Institutional Holders
FORR SEC Filings & Documents
Forrester Research, Inc. (FORR) SEC filings — annual & quarterly reports (10-K, 10-Q)
FORR Frequently Asked Questions
Forrester Research, Inc. (FORR) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Forrester Research, Inc. (FORR) reported $392.5M in revenue for fiscal year 2025. This represents a 1470% increase from $25.0M in 1996.
Forrester Research, Inc. (FORR) saw revenue decline by 8.2% over the past year.
Forrester Research, Inc. (FORR) reported a net loss of $53.9M for fiscal year 2025.
Dividend & Returns
Forrester Research, Inc. (FORR) has a return on equity (ROE) of -67.0%. Negative ROE indicates the company is unprofitable.
Forrester Research, Inc. (FORR) had negative free cash flow of $8.0M in fiscal year 2025, likely due to heavy capital investments.