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Forrester Research, Inc. operates as an independent research and advisory company in the United States, Europe, the United Kingdom, Canada, Asia Pacific, and internationally. It operates in three segments: Research, Consulting, and Events. The Research segment primary subscription research services include 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. Its Consulting segment provides consulting projects, content marketing, and advisory services. The Events segment hosts events related to business-to-business marketing, sales and product leadership, customer experience, security and risk, and new technology and innovation. It sells its products and services through direct sales force. Forrester Research, Inc. was incorporated in 1983 and is headquartered in Cambridge, Massachusetts.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
Forrester Research, Inc. provides market research, advisory and consulting services to business and technology leaders, delivering subscription research, data and analytics to enterprise clients worldwide. Long-term growth may be supported by ongoing digital transformation, demand for third-party insights and expansion of consulting and data products, which could support recurring revenue and client retention. Its enterprise client base and subscription model appears positioned to provide relatively predictable cash flows for investors.
Key risks include sensitivity to cyclical enterprise spending, competitive pressure from larger advisory firms and free information sources, and execution risk in maintaining relevance and integrating service offerings.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Income before tax | -119.41M | 2.64M | 6.29M | 30.72M | 33.19M |
| Net income | -119.36M | -5.75M | 3.05M | 21.81M | 24.84M |
| Selling general administrative | 202.14M | 58.82M | 68.50M | 67.66M | 58.06M |
| Selling and marketing expenses | - | 159.62M | 167.35M | 181.94M | 170.95M |
| Gross profit | 211.40M | 422.82M | 276.30M | 314.01M | 292.50M |
| Reconciled depreciation | 21.45M | 30.18M | 36.56M | 22.43M | 24.52M |
| Ebit | 1.95M | 5.65M | 9.35M | 32.65M | 38.64M |
| Ebitda | 16.72M | 35.83M | 41.41M | 64.64M | 62.27M |
| Depreciation and amortization | 14.77M | 30.18M | 32.07M | 31.99M | 23.62M |
| Non operating income net other | - | - | - | 0.53M | -1.23M |
| Operating income | 1.95M | 0.74M | 6.77M | 32.65M | 38.64M |
| Other operating expenses | 394.94M | 431.73M | 474.01M | 495.80M | 455.34M |
| Interest expense | 2.68M | 3.01M | 3.06M | 2.46M | 4.22M |
| Tax provision | -0.05M | 8.38M | 1.57M | 8.92M | 8.35M |
| Interest income | 3.38M | 3.00M | 3.15M | 2.35M | 5.72M |
| Net interest income | -2.68M | -3.01M | -3.02M | -2.46M | -4.22M |
| Non recurring | - | - | - | 9.34M | 0.33M |
| Income tax expense | -0.05M | 8.38M | 3.23M | 8.92M | 8.35M |
| Total revenue | 396.89M | 432.47M | 480.78M | 537.79M | 494.31M |
| Total operating expenses | 209.45M | 422.08M | 269.53M | 272.02M | 253.52M |
| Cost of revenue | 185.49M | 9.65M | 204.48M | 223.77M | 201.81M |
| Total other income expense net | -121.36M | 1.90M | -0.48M | -1.93M | -5.45M |
| Net income from continuing ops | -119.36M | -5.75M | 2.08M | 21.81M | 24.84M |
| Net income applicable to common shares | -119.36M | -5.75M | 3.05M | 21.81M | 24.84M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Total assets | 404.03M | 503.86M | 564.17M | 608.44M | 680.13M |
| Intangible assets | 18.73M | 27.48M | 37.64M | 49.50M | 62.73M |
| Other current assets | 34.18M | 41.20M | 9.30M | 14.07M | 18.61M |
| Total liab | 277.51M | 274.32M | 323.91M | 386.78M | 476.22M |
| Total stockholder equity | 126.53M | 229.54M | 240.26M | 221.66M | 203.91M |
| Deferred long term liab | - | - | - | 0.50M | - |
| Other current liab | 55.03M | 42.70M | 67.30M | 77.38M | 84.81M |
| Common stock | 0.26M | 0.25M | 0.25M | 0.24M | 0.24M |
| Capital stock | 0.26M | 0.25M | 0.25M | 0.24M | 0.24M |
| Retained earnings | 52.57M | 171.93M | 177.68M | 174.63M | 152.82M |
| Other liab | - | - | - | 16.64M | 23.55M |
| Good will | 120.38M | 227.96M | 244.26M | 242.15M | 244.99M |
| Other assets | 10.36M | 8.32M | - | 7.42M | 0.00M |
| Cash | 63.34M | 56.09M | 72.91M | 123.32M | 134.28M |
| Cash and equivalents | 63.34M | 56.09M | - | 103.63M | 115.77M |
| Total current liabilities | 240.06M | 203.97M | 240.08M | 269.39M | 312.34M |
| Current deferred revenue | 141.81M | 145.40M | 156.80M | 178.02M | 213.70M |
| Net debt | 8.56M | 16.48M | 13.95M | -8.93M | 18.75M |
| Short term debt | 42.38M | 12.76M | 14.18M | 13.63M | 12.99M |
| Short long term debt | 35.00M | - | - | - | - |
| Short long term debt total | 71.89M | 72.57M | 86.85M | 114.38M | 153.03M |
| Other stockholder equity | 74.79M | 65.10M | 66.91M | 54.70M | 54.03M |
| Property plant equipment | 41.88M | 38.75M | - | 23.21M | 28.25M |
| Total current assets | 212.69M | 201.36M | 192.79M | 235.29M | 269.49M |
| Net tangible assets | - | - | - | -70.00M | -103.82M |
| Short term investments | 64.32M | 48.58M | 51.58M | 19.69M | 18.51M |
| Net receivables | 50.85M | 55.49M | 59.00M | 73.34M | 86.97M |
| Long term debt | 0.00M | 35.00M | 35.00M | 50.00M | 75.00M |
| Inventory | - | - | - | 24.56M | 29.63M |
| Accounts payable | 0.83M | 0.96M | 1.80M | 0.36M | 0.84M |
| Accumulated other comprehensive income | -1.09M | -7.75M | -4.57M | -7.92M | -3.19M |
| Common stock total equity | - | - | - | 0.24M | 0.24M |
| Retained earnings total equity | - | - | - | 174.63M | 152.82M |
| Non currrent assets other | 8.11M | 6.22M | 27.53M | 8.32M | 9.66M |
| Non current assets total | 191.35M | 302.50M | 371.38M | 373.15M | 410.64M |
| Capital lease obligations | 36.90M | 37.57M | 51.85M | 64.38M | 78.03M |
| Long term debt total | 0.00M | 35.00M | - | 50.00M | 75.00M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Investments | -12.72M | 5.02M | 5.21M | -1.35M | -18.61M |
| Change to liabilities | - | - | - | -6.56M | 20.63M |
| Total cashflows from investing activities | -14.07M | 5.02M | -36.76M | -6.81M | -29.30M |
| Net borrowings | 0.00M | 0.00M | -15.00M | -25.00M | -34.87M |
| Total cash from financing activities | -2.57M | -16.10M | -18.30M | -38.87M | -49.14M |
| Change to operating activities | - | - | - | -9.60M | 1.76M |
| Net income | -119.36M | -5.75M | 3.05M | 21.81M | 24.84M |
| Change in cash | 7.40M | -16.86M | -30.61M | -12.38M | 27.38M |
| Begin period cash flow | 58.19M | 75.04M | 105.65M | 118.03M | 90.65M |
| End period cash flow | 65.59M | 58.19M | 75.04M | 105.65M | 118.03M |
| Total cash from operating activities | 21.08M | -3.86M | 21.67M | 39.42M | 107.07M |
| Depreciation | 14.77M | 30.18M | 32.07M | 36.94M | 35.93M |
| Other cashflows from investing activities | 1.64M | 5.94M | 0.01M | 0.20M | 0.06M |
| Dividends paid | - | - | 0.03M | - | -9.16M |
| Change to inventory | - | - | - | - | 7.77M |
| Change to account receivables | 4.85M | -0.01M | 14.71M | 12.84M | -3.90M |
| Sale purchase of stock | -2.54M | -15.92M | -4.08M | -15.11M | -20.07M |
| Other cashflows from financing activities | -1.29M | -0.18M | 0.78M | -3.11M | 5.30M |
| Change to netincome | - | - | - | 7.58M | 9.79M |
| Capital expenditures | 2.99M | 3.40M | 5.50M | 5.66M | 10.74M |
| Change receivables | - | - | - | 12.84M | 3.90M |
| Cash flows other operating | - | - | - | -19.11M | -42.13M |
| Cash and cash equivalents changes | - | - | - | -6.26M | 28.63M |
| Change in working capital | -8.32M | -45.50M | -24.39M | -28.88M | 34.07M |
| Stock based compensation | 12.26M | 14.34M | 15.49M | 14.54M | 10.07M |
| Other non cash items | 125.67M | 2.92M | 0.92M | 1.67M | 2.42M |
| Free cash flow | 18.09M | -7.26M | 16.18M | 33.76M | 96.32M |
Sector: Industrials Industry: Consulting Services
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| FORR Forrester Research Inc |
-1.17 9.61% |
11.01 | - | 18.90 | 0.59 | 1.88 | 0.42 | 7.56 |
| EXPGF Experian PLC |
- -% |
38.90 | 26.59 | 19.34 | 4.43 | 6.44 | 4.99 | 14.01 |
| EXPGY Experian plc PK |
0.68 1.73% |
39.92 | 26.45 | 19.30 | 4.41 | 6.43 | 4.99 | 14.01 |
| VRSK Verisk Analytics Inc |
5.59 2.93% |
196.30 | 28.72 | 21.88 | 7.52 | 74.89 | 9.06 | 16.91 |
| EFX Equifax Inc |
5.21 2.90% |
184.60 | 30.32 | 17.18 | 3.05 | 4.62 | 3.96 | 13.37 |
Forrester Research, Inc. operates as an independent research and advisory company in the United States, Europe, the United Kingdom, Canada, Asia Pacific, and internationally. It operates in three segments: Research, Consulting, and Events. The Research segment primary subscription research services include 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. Its Consulting segment provides consulting projects, content marketing, and advisory services. The Events segment hosts events related to business-to-business marketing, sales and product leadership, customer experience, security and risk, and new technology and innovation. It sells its products and services through direct sales force. Forrester Research, Inc. was incorporated in 1983 and is headquartered in Cambridge, Massachusetts.
60 Acorn Park Drive, Cambridge, MA, United States, 02140
617-613-6000
1361
| Name | Title | Year Born |
|---|---|---|
| Mr. George F. Colony | Founder, Chairman, CEO & Pres | 1954 |
| Mr. L. Christian Finn | Chief Financial Officer | 1971 |
| Mr. Scott R. Chouinard | Chief Accounting Officer & Treasurer | 1969 |
| Mr. Ryan D. Darrah | Chief Legal Officer & Sec. | 1972 |
| Ms. Carrie Johnson Fanlo | Chief Product Officer | 1976 |
| Mr. Steven Peltzman | Chief Bus. Technology Officer | 1969 |
| Mr. Mike Kasparian | Chief Information Officer | 1976 |
| Mr. Russell Sweeney | Investor Relations | NA |
| Mr. Jon Symons | VP of Corp. Communications & Employee Experience | NA |
| Ms. Shirley Macbeth | Chief Marketing Officer | 1972 |
Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.
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