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FORRESTER RESEARCH, INC. FORR

Nasdaq · stock · Services-Engineering, Accounting, Research, Management · website · IPO 1996-11-27 · LEI

FORRESTER RESEARCH, INC. statistics & valuation

Market cap$151.6M
P / S0.4×
P / B1.2×
P / FCF8.4×
Net margin-30.1%
Return on equity-94.3%
FCF margin4.6%
Net cash$63.3M
Enterprise value USD$88.3M
Earnings yield EBIT/EV-128.2%
Return on capital-69%

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports.

Profitability & efficiency

Net margin (%)
5.40% 4.50% 4.30% -2.10% 2.20% 5.00% 4.10% 0.60% -1.30% -30.10% 2016201720182019202020212022202320242025
Gross margin (%)
65.60% 64.80% 64.10% 60.50% 2016201720182019202020212022202320242025
Operating margin (%)
9.40% 8.20% 6.30% 0.20% -3.60% 7.80% 6.10% 1.40% 0.20% -28.50% 2016201720182019202020212022202320242025
Return on equity (%)
11.80% 10.70% 10.10% -6.10% 5.40% 12.20% 9.80% 1.30% -2.50% -94.30% 2016201720182019202020212022202320242025
Shares outstanding
18.4M 18.2M 18.4M 18.6M 19.0M 19.4M 19.2M 19.3M 19.1M 19.0M 2016201720182019202020212022202320242025
Net debt ($)
$62.6M $17.5M -$40.8M -$53.6M -$37.9M -$21.1M -$63.3M 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
5.30% 4.40% 4.40% -1.50% 1.60% 3.70% 3.60% 0.50% -1.10% -29.50% 2016201720182019202020212022202320242025
Free cash flow margin (%)
12.40% 8.80% 9.30% 7.90% 8.70% 19.50% 6.30% 3.40% -1.70% 4.60% 2016201720182019202020212022202320242025
Debt / equity (×)
0.83× 0.58× 0.37× 0.23× 0.15× 0.15× 0.00× 2016201720182019202020212022202320242025
EPS ($)
$0.97 $0.83 $0.84 $0.52 $0.53 $1.28 $1.14 $0.16 -$0.30 -$6.28 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

FORRESTER RESEARCH, INC. trades at about 72.1× earnings — above its 10-year norm (10-year range 32.5×–159.2×, median 53.5×).

32.5× 159.2×

Shaded band = 10-year range (32.5×–159.2×); dot = today's 72.1×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Gross margin——————60.5%64.1%64.8%65.6%
Operating margin-28.5%0.2%1.4%6.1%7.8%-3.6%0.2%6.3%8.2%9.4%
Net margin-30.1%-1.3%0.6%4.1%5.0%2.2%-2.1%4.3%4.5%5.4%
FCF margin4.6%-1.7%3.4%6.3%19.5%8.7%7.9%9.3%8.8%12.4%
Return on assets-29.5%-1.1%0.5%3.6%3.7%1.6%-1.5%4.4%4.4%5.3%
Return on equity-94.3%-2.5%1.3%9.8%12.2%5.4%-6.1%10.1%10.7%11.8%
Debt / equity0.00×0.15×0.15×0.23×0.37×0.58×0.83×———
Current ratio0.890.990.900.870.860.810.711.241.211.26

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.