profit from every $100 of sales.
$0$100
Forrester Research
$9.13-0.22% today
+16.6% in 1 year
1-year low $5.051-year high $12.65
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2022 to 2025.
0%20% a year
It has no yearly profit to compare the price with.
CheapExpensive
of earnings would pay off all its debt.
No debt5 years
Money in, money out
What Forrester Research sold, what it kept, and what it did with the cash.
Sales went from $538 million in 2022 to $397 million in 2025, with -$119 million of profit last year.
SalesProfit
Forrester Research handed back 14% of the cash it generated last year.
Buybacks $3M
Free cash flow 2025$18M
Bought back its own shares$3M
Paid as dividends–
Cash vs. debt$63M vs. $72M
Forrester Research vs. similar companies
How it compares with the largest companies in its industry.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| Forrester Research | No profit yet | ||
 Experian | 29.4× · Fair price | ||
 SGS SA | 30.5× · Expensive | ||
 Equifax | 33.3× · Expensive | ||
 TransUnion | 33.9× · Expensive |
AI analysis
An AI analyst reads Forrester Research's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 538 | 481 | 432 | 397 | |
| 314 | 276 | 250 | 226 | |
| 42 | 20 | 14 | 2 | |
| 70 | 41 | 36 | -95 | |
| 22 | 3 | -6 | -119 | |
| 1.14 | 0.16 | -0.30 | -6.28 | |
| 58.4% | 57.5% | 57.8% | 57.0% | |
| 7.8% | 4.2% | 3.3% | 0.5% | |
| 4.1% | 0.6% | -1.3% | -30.1% |
Balance sheet
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 608 | 564 | 504 | 404 |
| Cash | 104 | 73 | 56 | 63 |
| Total debt | 114 | 87 | 73 | 72 |
| Total liabilities | 387 | 324 | 274 | 278 |
| 222 | 240 | 230 | 127 | |
| 19 | 19 | 19 | 19 | |
| 7.8% | 2.3% | 1.5% | -46.5% | |
| 9.8% | 1.3% | -2.5% | -94.3% |
Cash flow
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 39 | 22 | -4 | 21 | |
| 6 | 5 | 3 | 3 | |
| 34 | 16 | -7 | 18 | |
| Dividends paid | – | – | – | – |
| 15 | 4 | 16 | 3 | |
| 15 | 15 | 14 | 12 |
Valuation
- –
- 11.9×
- –
- 1.2×
- 0.4×
- 9.2×
- –
- 10.9%
- -72.0%
- 0.0%
Profitability
- 57.0%
- 0.5%
- -30.1%
- -6.2%
- -0.4%
- -9.5%
- -39.2%
- -13.2%
- -0.4%
- –
Growth
- −9.6%
- –
- +349.2%
- –
- −0.1%
Financial health
- –
- 0.59
- 15.2%
- -0.2×
- 0.92
- 0.92
- 0.96
How it ranks in Industrials
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Bottom 8%of 979
Bottom 8%of 984
Bottom 3%of 985
Top 11%of 987
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| May 6, 2026 | -0.04 | 0.12 | −133.3% |
| Feb 12, 2026 | 0.17 | 0.21 | −19.0% |
| Oct 30, 2025 | 0.37 | 0.31 | +19.4% |
| Jul 31, 2025 | 0.34 | 0.31 | +10.9% |
| May 6, 2025 | 0.11 | 0.08 | +37.5% |
| Feb 11, 2025 | 0.36 | 0.34 | +5.9% |
| Nov 5, 2024 | 0.29 | 0.34 | −14.7% |
| Jul 30, 2024 | 0.68 | 0.70 | −2.9% |
News
No recent news on file.
Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
0/7Passes 0 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
35No pass
Benjamin Graham
45No pass
Philip Fisher
38No pass
Peter Lynch
25No pass
Joel Greenblatt
2No pass
Charlie Munger
24No pass
Terry Smith
15No pass
Questions about Forrester Research
Is Forrester Research a good stock to buy?
A business with weak numbers that is not profitable yet. 0 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Forrester Research AI analysis
What does Forrester Research do?
Forrester Research, Inc. operates as an independent research and advisory services company. The company operates in three segments: Research, Consulting, and Events. It is in Consulting Services.
Does Forrester Research pay a dividend?
No. Forrester Research does not pay a dividend at the moment; in 2025 it returned $2.54 million to shareholders by buying back its own shares.
Is Forrester Research stock halal?
No. Forrester Research does not pass our halal screen: its debt is 43% of its market value, at or above the 33% limit. How we check
How has Forrester Research stock done over the past year?
Up 16.6% over the past twelve months, to $9.13. It traded between $5.05 and $12.65 and is 27.8% below its high.
Who are Forrester Research's competitors?
The largest listed companies in the same industry are Experian, SGS SA, Equifax and TransUnion. The peers table on this page compares their profit, growth and price with Forrester Research's.
Prices: daily closes to Nov 13, 2026. Fundamentals: company reports via invest-like data.