Last 48 quarters of trend data · Industrials · Consulting Services
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | -1.07 | — | — | — | 11.79 | — | 171.82 | — | 12.94 | — | — | 55.58 | 25.97 |
| — | — | — | — | -8.9% | — | — | — | -50.2% | — | — | +72.9% | +56.4% | |
| P/S Ratio | 0.32 | 0.32 | 0.38 | 0.54 | 0.42 | 0.49 | 0.69 | 0.84 | 0.67 | 1.04 | 1.09 | 1.23 | 1.03 |
| — | -35.0% | -44.4% | -35.8% | -36.6% | -53.3% | -37.1% | -31.9% | -35.1% | -23.6% | -12.2% | -9.0% | -33.2% | |
| P/B Ratio | 1.01 | 1.02 | 1.22 | 1.28 | 1.19 | 1.18 | 1.29 | 1.47 | 1.38 | 1.80 | 2.15 | 2.39 | 2.42 |
| — | -14.0% | -5.7% | -12.3% | -13.7% | -34.2% | -39.8% | -38.8% | -43.0% | -35.1% | -30.2% | -25.7% | -44.6% | |
| P/FCF | 7.10 | — | — | 96.66 | — | 1.67 | — | — | — | — | 12.53 | — | 56.61 |
| — | — | — | — | — | — | — | — | — | — | -98.6% | — | +691.4% | |
| EV / EBITDA | 8.20 | — | 13.12 | 31.23 | 4.59 | — | 14.52 | 14.08 | 5.47 | 113.93 | 22.81 | 9.62 | 7.64 |
| — | — | -9.6% | +121.8% | -16.2% | — | -36.3% | +46.4% | -28.4% | +122.4% | +17.6% | -2.8% | +38.3% | |
| EV / EBIT | 70.35 | — | — | — | 6.38 | — | 47.73 | — | 7.05 | — | — | 21.81 | 15.06 |
| — | — | — | — | -9.6% | — | — | — | -53.2% | — | — | +10.8% | +38.2% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Forrester Research, Inc.'s operating margin was -6.7% in Q1 2026, down 6.3 pp QoQ and up 90.8 pp YoY. The trailing four-quarter average of -0.7% exceeds the current quarter, suggesting the latest result may reflect seasonal weakness or a one-off headwind. Gross margin contracted 48.0% YoY, suggesting cost inflation or competitive pricing pressure.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 53.3% | 50.7% | 53.3% | 56.0% | 55.5% | 97.5% | 58.8% | 54.6% | 58.0% | 55.3% | 55.5% | 57.7% | 59.7% |
| — | -48.0% | -9.4% | +2.6% | -4.3% | +76.2% | +6.0% | -5.4% | -2.9% | -2.3% | -5.2% | -1.7% | +1.5% | |
| Operating Margin | 0.5% | -6.7% | -0.3% | -2.2% | 6.2% | -97.5% | -0.5% | 1.9% | 9.3% | -9.3% | -1.2% | 4.5% | 6.1% |
| — | +93.2% | +32.9% | -212.7% | -32.9% | -949.6% | +58.1% | -56.7% | +51.9% | -105.3% | +45.8% | -33.5% | -56.2% | |
| Net Margin | -30.1% | -25.5% | -33.5% | -2.3% | 3.5% | -97.1% | 0.4% | -5.7% | 5.2% | -6.7% | -0.6% | 2.2% | 3.9% |
| — | +73.7% | -8484.3% | +60.1% | -32.1% | -1356.3% | +171.2% | -358.2% | +32.0% | -86.0% | +52.9% | -48.4% | -58.2% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -67.0% | -18.8% | -23.8% | -1.3% | 2.5% | -46.3% | 0.2% | -2.5% | 2.7% | -2.8% | -0.3% | 1.1% | 2.3% |
| — | +59.5% | -12896.1% | +45.5% | -5.2% | -1534.7% | +166.5% | -330.0% | +15.2% | -54.4% | +62.6% | -58.1% | -65.3% | |
| ROA | -26.3% | -5.4% | -8.3% | -0.5% | 0.9% | -18.5% | 0.1% | -1.1% | 1.2% | -1.2% | -0.2% | 0.7% | 0.9% |
| — | +71.0% | -9773.1% | +55.6% | -23.3% | -1452.0% | +146.3% | -264.0% | +27.9% | -75.8% | +32.3% | -23.9% | -58.4% | |
| ROIC | 0.8% | -3.7% | -0.2% | -0.9% | 3.4% | -33.9% | -0.2% | 0.6% | 3.3% | -2.7% | -0.5% | 2.1% | 3.1% |
| — | +89.0% | -2.8% | -256.6% | +1.4% | -1134.4% | +67.4% | -71.5% | +7.8% | -47.8% | +54.3% | -36.7% | -59.7% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
The current ratio has weakened 6.0% YoY to 0.92x, tightening the short-term liquidity position. Debt/Equity has risen for 3 consecutive quarters, indicating increasing financial leverage that investors should watch closely.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.57 | 0.59 | 0.57 | 0.47 | 0.48 | 0.47 | 0.32 | 0.33 | 0.34 | 0.36 | 0.36 | 0.15 | 0.34 |
| — | +24.6% | +79.7% | +44.2% | +42.6% | +30.4% | -12.5% | +117.5% | -2.2% | -3.5% | -29.9% | -69.0% | -32.7% | |
| Debt / EBITDA | 4.30 | — | 23.18 | 43.83 | 7.08 | — | 13.45 | 12.08 | 5.03 | 86.95 | 14.96 | 2.74 | 4.60 |
| — | — | +72.3% | +263.0% | +40.8% | — | -10.1% | +340.1% | +9.3% | +203.6% | +13.3% | -54.9% | +74.8% | |
| Current Ratio | 0.89 | 0.92 | 0.89 | 1.06 | 1.09 | 0.98 | 0.99 | 0.98 | 0.91 | 0.91 | 0.90 | 0.96 | 0.69 |
| — | -6.0% | -10.3% | +8.6% | +18.8% | +7.7% | +9.7% | +1.7% | +32.8% | +8.1% | +3.0% | +16.5% | -14.3% | |
| Quick Ratio | 0.89 | 0.92 | 0.89 | 1.06 | 1.09 | 0.98 | 0.99 | 0.98 | 0.91 | 0.91 | 0.90 | 1.23 | 1.25 |
| — | -6.0% | -10.3% | +8.6% | +18.8% | +7.7% | +9.7% | -20.3% | -26.7% | +8.1% | +3.0% | +48.7% | +55.2% | |
| Interest Coverage | 0.73 | -7.07 | -0.53 | -1.47 | 11.54 | -131.39 | 2.29 | -0.39 | 16.16 | -10.52 | -0.63 | 7.37 | 12.06 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
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Quick answers to the most common questions about buying FORR stock.
Forrester Research, Inc.'s current P/E is -1.1x. The average P/E over the last 1 quarters is 11.8x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Forrester Research, Inc.'s current operating margin is 0.5%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Forrester Research, Inc.'s business trajectory between earnings reports.