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FORRESTER RESEARCH, INC. (FORR)
Price & fundamentals
Compound Annual Growth Rate(CAGR)
Historical valuation multiples
Ratio observations in the selected window
| Price date | EPS fiscal end | Basic P/E (×) | Diluted P/E (×) | P/S (×) | P/FCF (×) |
|---|
Profit margins
Calculation inputs, filings & unavailable observations
Yield, cash conversion & capital returns
Calculation inputs, filings & unavailable observations
Price & growth-based reference
Annual change in the selected reference metric
YEAR-OVER-YEAR
Annual metric change
Change from the previous reported fiscal year
Annual data and sources
Show annual tables and sources
FORRESTER RESEARCH, INC. (FORR) · Nasdaq · USD · Sector unavailable · SEC ID 0001023313
Annual coverage: 2009-12-31–2025-12-31 (17 periods). Data snapshot built 2026-10-09.
Tables include every stored fiscal period, even outside the selected chart range. Missing or unsupported values are marked “Unavailable,” not zero.
Earnings and per-share history
Annual EPS, cash flow and dividends
Per-share values are in USD; dividend yield is a percent.
Dividend-yield method and limitations
Revenue and debt per share
Revenue/share is annual revenue divided by average diluted shares. Debt/share is year-end borrowings divided by common shares; leases are excluded. Per-share values are in USD. Metric definitions.
| Fiscal end | Revenue / share | Total debt / share | Calculation inputs & SEC filings |
|---|---|---|---|
| 2025-12-31 | 20.87 | Unavailable | Calculation inputs & SEC filings
Revenue (2026-03-13) · Average diluted shares (2026-03-13) · Year-end common shares (2026-03-13) |
| 2024-12-31 | 22.65 | Unavailable | Calculation inputs & SEC filings
Revenue (2026-03-13) · Average diluted shares (2026-03-13) · Year-end common shares (2026-03-13) |
| 2023-12-31 | 24.97 | Unavailable | Calculation inputs & SEC filings
Revenue (2026-03-13) · Average diluted shares (2026-03-13) · Year-end common shares (2025-03-07) |
| 2022-12-31 | 28.05 | Unavailable | Calculation inputs & SEC filings
Revenue (2025-03-07) · Average diluted shares (2025-03-07) · Year-end common shares (2024-03-08) |
| 2021-12-31 | 25.54 | Unavailable | Calculation inputs & SEC filings
Revenue (2024-03-08) · Average diluted shares (2024-03-08) · Year-end common shares (2023-03-10) |
| 2020-12-31 | 23.71 | Unavailable | Calculation inputs & SEC filings
Revenue (2023-03-10) · Average diluted shares (2023-03-10) · Year-end common shares (2022-03-10) |
| 2019-12-31 | 24.97 | Unavailable | Calculation inputs & SEC filings
Revenue (2022-03-10) · Average diluted shares (2022-03-10) · Year-end common shares (2021-03-11) |
| 2018-12-31 | 19.45 | Unavailable | Calculation inputs & SEC filings
Revenue (2021-03-11) · Average diluted shares (2021-03-11) · Year-end common shares (2020-03-13) |
| 2017-12-31 | 18.51 | Unavailable | Calculation inputs & SEC filings
Revenue (2020-03-13) · Average diluted shares (2020-03-13) · Year-end common shares (2019-03-08) |
| 2016-12-31 | 17.85 | Unavailable | Calculation inputs & SEC filings
Revenue (2019-03-08) · Average diluted shares (2019-03-08) · Year-end common shares (2018-03-09) |
| 2015-12-31 | Unavailable | Unavailable | Calculation inputs & SEC filings
Average diluted shares (2018-03-09) · Year-end common shares (2017-03-10) |
| 2014-12-31 | Unavailable | Unavailable | Calculation inputs & SEC filings
Average diluted shares (2017-03-10) · Year-end common shares (2016-03-11) |
| 2013-12-31 | Unavailable | Unavailable | Calculation inputs & SEC filings
Average diluted shares (2016-03-11) · Year-end common shares (2015-03-11) |
| 2012-12-31 | Unavailable | Unavailable | Calculation inputs & SEC filings
Average diluted shares (2015-03-11) · Year-end common shares (2014-03-13) |
| 2011-12-31 | Unavailable | Unavailable | Calculation inputs & SEC filings
Average diluted shares (2014-03-13) · Year-end common shares (2013-03-18) |
| 2010-12-31 | 10.87 | Unavailable | Calculation inputs & SEC filings
Revenue (2013-03-18) · Average diluted shares (2013-03-18) · Year-end common shares (2012-03-09) |
| 2009-12-31 | 10.20 | Unavailable | Calculation inputs & SEC filings
|
Operating performance and returns
Revenue and profit margins
Operating margin is operating income divided by revenue; net margin is net income divided by revenue. Negative margins indicate a loss. Metric definitions.
| Fiscal end | Revenue (USD) | Operating margin (%) | Net margin (%) | Calculation inputs & SEC filings |
|---|---|---|---|---|
| 2025-12-31 | 396,888,000.00 | -28.52 | -30.07 | Calculation inputs & SEC filings
Revenue (2026-03-13) · Operating income (2026-03-13) · Net income (2026-03-13) |
| 2024-12-31 | 432,470,000.00 | 0.17 | -1.33 | Calculation inputs & SEC filings
Revenue (2026-03-13) · Operating income (2026-03-13) · Net income (2026-03-13) |
| 2023-12-31 | 480,779,000.00 | 1.41 | 0.63 | Calculation inputs & SEC filings
Revenue (2026-03-13) · Operating income (2026-03-13) · Net income (2026-03-13) |
| 2022-12-31 | 537,787,000.00 | 6.07 | 4.05 | Calculation inputs & SEC filings
Revenue (2025-03-07) · Operating income (2025-03-07) · Net income (2025-03-07) |
| 2021-12-31 | 494,315,000.00 | 7.82 | 5.03 | Calculation inputs & SEC filings
Revenue (2024-03-08) · Operating income (2024-03-08) · Net income (2024-03-08) |
| 2020-12-31 | 448,984,000.00 | -3.60 | 2.23 | Calculation inputs & SEC filings
Revenue (2023-03-10) · Operating income (2023-03-10) · Net income (2023-03-10) |
| 2019-12-31 | 461,697,000.00 | 0.23 | 2.07 | Calculation inputs & SEC filings
Revenue (2022-03-10) · Operating income (2022-03-10) · Net income (2022-03-10) |
| 2018-12-31 | 357,575,000.00 | 6.27 | 4.30 | Calculation inputs & SEC filings
Revenue (2021-03-11) · Operating income (2021-03-11) · Net income (2021-03-11) |
| 2017-12-31 | 337,673,000.00 | 8.16 | 4.48 | Calculation inputs & SEC filings
Revenue (2020-03-13) · Operating income (2020-03-13) · Net income (2020-03-13) |
| 2016-12-31 | 326,095,000.00 | 9.44 | 5.41 | Calculation inputs & SEC filings
Revenue (2019-03-08) · Operating income (2019-03-08) · Net income (2019-03-08) |
| 2015-12-31 | Unavailable | Unavailable | Unavailable | Calculation inputs & SEC filings
|
| 2014-12-31 | Unavailable | Unavailable | Unavailable | Calculation inputs & SEC filings
|
| 2013-12-31 | Unavailable | Unavailable | Unavailable | Calculation inputs & SEC filings
|
| 2012-12-31 | Unavailable | Unavailable | Unavailable | Calculation inputs & SEC filings
|
| 2011-12-31 | Unavailable | Unavailable | Unavailable | Calculation inputs & SEC filings
|
| 2010-12-31 | 250,726,000.00 | 12.26 | 8.18 | Calculation inputs & SEC filings
Revenue (2013-03-18) · Operating income (2013-03-18) · Net income (2013-03-18) |
| 2009-12-31 | 233,352,000.00 | 13.89 | 8.08 | Calculation inputs & SEC filings
Revenue (2012-03-09) · Operating income (2012-03-09) · Net income (2012-03-09) |
Cash generation and capital returns
FCF margin is free cash flow as a share of revenue. FCF / net income compares free cash flow with positive net income. ROCE divides operating income by average capital employed and requires positive opening and closing balances. Metric definitions.
| Fiscal end | FCF margin (%) | FCF / net income (%) | ROCE (%) | Calculation inputs & SEC filings |
|---|---|---|---|---|
| 2025-12-31 | 4.56 | Unavailable | -48.80 | Calculation inputs & SEC filings
Operating cash flow (2026-03-13) · Capital expenditure (2026-03-13) · Revenue (2026-03-13) · Operating cash flow (2026-03-13) · Capital expenditure (2026-03-13) · FCF / net income input 3 (2026-03-13) · Operating income (2026-03-13) · Total assets as of 2024-12-31 (2026-03-13) · Current liabilities as of 2024-12-31 (2026-03-13) · Total assets as of 2025-12-31 (2026-03-13) · Current liabilities as of 2025-12-31 (2026-03-13) |
| 2024-12-31 | -1.68 | Unavailable | 0.24 | Calculation inputs & SEC filings
Operating cash flow (2026-03-13) · Capital expenditure (2026-03-13) · Revenue (2026-03-13) · Operating cash flow (2026-03-13) · Capital expenditure (2026-03-13) · FCF / net income input 3 (2026-03-13) · Operating income (2026-03-13) · Total assets as of 2023-12-31 (2025-03-07) · Current liabilities as of 2023-12-31 (2025-03-07) · Total assets as of 2024-12-31 (2026-03-13) · Current liabilities as of 2024-12-31 (2026-03-13) |
| 2023-12-31 | 3.36 | 530.43 | 2.04 | Calculation inputs & SEC filings
Operating cash flow (2026-03-13) · Capital expenditure (2026-03-13) · Revenue (2026-03-13) · Operating cash flow (2026-03-13) · Capital expenditure (2026-03-13) · FCF / net income input 3 (2026-03-13) · Operating income (2026-03-13) · Total assets as of 2022-12-31 (2024-03-08) · Current liabilities as of 2022-12-31 (2024-03-08) · Total assets as of 2023-12-31 (2025-03-07) · Current liabilities as of 2023-12-31 (2025-03-07) |
| 2022-12-31 | 6.28 | 154.83 | 9.24 | Calculation inputs & SEC filings
Operating cash flow (2025-03-07) · Capital expenditure (2025-03-07) · Revenue (2025-03-07) · Operating cash flow (2025-03-07) · Capital expenditure (2025-03-07) · FCF / net income input 3 (2025-03-07) · Operating income (2025-03-07) · Total assets as of 2021-12-31 (2023-03-10) · Current liabilities as of 2021-12-31 (2023-03-10) · Total assets as of 2022-12-31 (2024-03-08) · Current liabilities as of 2022-12-31 (2024-03-08) |
| 2021-12-31 | 19.49 | 387.71 | 10.41 | Calculation inputs & SEC filings
Operating cash flow (2024-03-08) · Capital expenditure (2024-03-08) · Revenue (2024-03-08) · Operating cash flow (2024-03-08) · Capital expenditure (2024-03-08) · FCF / net income input 3 (2024-03-08) · Operating income (2024-03-08) · Total assets as of 2020-12-31 (2022-03-10) · Current liabilities as of 2020-12-31 (2022-03-10) · Total assets as of 2021-12-31 (2023-03-10) · Current liabilities as of 2021-12-31 (2023-03-10) |
| 2020-12-31 | 8.65 | 388.88 | -4.34 | Calculation inputs & SEC filings
Operating cash flow (2023-03-10) · Capital expenditure (2023-03-10) · Revenue (2023-03-10) · Operating cash flow (2023-03-10) · Capital expenditure (2023-03-10) · FCF / net income input 3 (2023-03-10) · Operating income (2023-03-10) · Total assets as of 2019-12-31 (2021-03-11) · Current liabilities as of 2019-12-31 (2021-03-11) · Total assets as of 2020-12-31 (2022-03-10) · Current liabilities as of 2020-12-31 (2022-03-10) |
| 2019-12-31 | 7.91 | 381.57 | 0.40 | Calculation inputs & SEC filings
Operating cash flow (2022-03-10) · Capital expenditure (2022-03-10) · Revenue (2022-03-10) · Operating cash flow (2022-03-10) · Capital expenditure (2022-03-10) · FCF / net income input 3 (2022-03-10) · Operating income (2022-03-10) · Total assets as of 2018-12-31 (2020-03-13) · Current liabilities as of 2018-12-31 (2020-03-13) · Total assets as of 2019-12-31 (2021-03-11) · Current liabilities as of 2019-12-31 (2021-03-11) |
| 2018-12-31 | 9.33 | 216.96 | 14.30 | Calculation inputs & SEC filings
Operating cash flow (2021-03-11) · Capital expenditure (2021-03-11) · Revenue (2021-03-11) · Operating cash flow (2021-03-11) · Capital expenditure (2021-03-11) · FCF / net income input 3 (2021-03-11) · Operating income (2021-03-11) · Total assets as of 2017-12-31 (2019-03-08) · Current liabilities as of 2017-12-31 (2019-03-08) · Total assets as of 2018-12-31 (2020-03-13) · Current liabilities as of 2018-12-31 (2020-03-13) |
| 2017-12-31 | 8.78 | 195.72 | 17.86 | Calculation inputs & SEC filings
Operating cash flow (2020-03-13) · Capital expenditure (2020-03-13) · Revenue (2020-03-13) · Operating cash flow (2020-03-13) · Capital expenditure (2020-03-13) · FCF / net income input 3 (2020-03-13) · Operating income (2020-03-13) · Total assets as of 2016-12-31 (2018-03-09) · Current liabilities as of 2016-12-31 (2018-03-09) · Total assets as of 2017-12-31 (2019-03-08) · Current liabilities as of 2017-12-31 (2019-03-08) |
| 2016-12-31 | 12.37 | 228.53 | 20.87 | Calculation inputs & SEC filings
Operating cash flow (2019-03-08) · Capital expenditure (2019-03-08) · Revenue (2019-03-08) · Operating cash flow (2019-03-08) · Capital expenditure (2019-03-08) · FCF / net income input 3 (2019-03-08) · Operating income (2019-03-08) · Total assets as of 2015-12-31 (2017-03-10) · Current liabilities as of 2015-12-31 (2017-03-10) · Total assets as of 2016-12-31 (2018-03-09) · Current liabilities as of 2016-12-31 (2018-03-09) |
| 2015-12-31 | Unavailable | 250.46 | 13.09 | Calculation inputs & SEC filings
FCF margin input 1 (2018-03-09) · Capital expenditure (2018-03-09) · FCF / net income input 1 (2018-03-09) · Capital expenditure (2018-03-09) · Net income (2018-03-09) · Operating income (2018-03-09) · Total assets as of 2014-12-31 (2016-03-11) · Current liabilities as of 2014-12-31 (2016-03-11) · Total assets as of 2015-12-31 (2017-03-10) · Current liabilities as of 2015-12-31 (2017-03-10) |
| 2014-12-31 | Unavailable | 251.19 | 9.96 | Calculation inputs & SEC filings
FCF margin input 1 (2017-03-10) · Capital expenditure (2017-03-10) · FCF / net income input 1 (2017-03-10) · Capital expenditure (2017-03-10) · Net income (2017-03-10) · Operating income (2017-03-10) · Total assets as of 2013-12-31 (2015-03-11) · Current liabilities as of 2013-12-31 (2015-03-11) · Total assets as of 2014-12-31 (2016-03-11) · Current liabilities as of 2014-12-31 (2016-03-11) |
| 2013-12-31 | Unavailable | 211.81 | 8.37 | Calculation inputs & SEC filings
Operating cash flow (2014-03-13) · Capital expenditure (2016-03-11) · Operating cash flow (2014-03-13) · Capital expenditure (2014-03-13) · Net income (2014-03-13) · Operating income (2016-03-11) · Total assets as of 2012-12-31 (2014-03-13) · Current liabilities as of 2012-12-31 (2014-03-13) · Total assets as of 2013-12-31 (2015-03-11) · Current liabilities as of 2013-12-31 (2015-03-11) |
| 2012-12-31 | Unavailable | 182.70 | 10.00 | Calculation inputs & SEC filings
Operating cash flow (2014-03-13) · Capital expenditure (2015-03-11) · Operating cash flow (2014-03-13) · Capital expenditure (2014-03-13) · Net income (2014-03-13) · Operating income (2015-03-11) · Total assets as of 2011-12-31 (2013-03-18) · Current liabilities as of 2011-12-31 (2013-03-18) · Total assets as of 2012-12-31 (2014-03-13) · Current liabilities as of 2012-12-31 (2014-03-13) |
| 2011-12-31 | Unavailable | 71.25 | 12.51 | Calculation inputs & SEC filings
Operating cash flow (2014-03-13) · Capital expenditure (2014-03-13) · Operating cash flow (2014-03-13) · Capital expenditure (2014-03-13) · Net income (2014-03-13) · Operating income (2014-03-13) · Total assets as of 2010-12-31 (2012-03-09) · Current liabilities as of 2010-12-31 (2012-03-09) · Total assets as of 2011-12-31 (2013-03-18) · Current liabilities as of 2011-12-31 (2013-03-18) |
| 2010-12-31 | 10.06 | 123.04 | Unavailable | Calculation inputs & SEC filings
Operating cash flow (2013-03-18) · Capital expenditure (2013-03-18) · Revenue (2013-03-18) · Operating cash flow (2013-03-18) · Capital expenditure (2013-03-18) · Net income (2013-03-18) · Operating income (2013-03-18) · Total assets as of 2010-12-31 (2012-03-09) · Current liabilities as of 2010-12-31 (2012-03-09) |
| 2009-12-31 | 16.63 | 205.74 | Unavailable | Calculation inputs & SEC filings
Operating cash flow (2012-03-09) · Capital expenditure (2012-03-09) · Revenue (2012-03-09) · Operating cash flow (2012-03-09) · Capital expenditure (2012-03-09) · Net income (2012-03-09) · Operating income (2012-03-09) |
Valuation history
P/E ratio history
The P/E chart uses 1129 weekly price points (2005-02-25–2026-10-08); 783 have a basic or diluted P/E ratio. Annual EPS carries forward between fiscal year-ends.
Fiscal-year-end snapshots
15 fiscal-year-end periods with an eligible ratio (2009-12-31–2023-12-31). Most recent: diluted 167.56× and basic 167.56× (fiscal end 2023-12-31; price date 2023-12-29).
Annual P/E = fiscal-year-end closing price ÷ reported annual EPS. It is a historical annual ratio, not TTM or forward P/E. Zero or negative EPS and missing eligible prices produce no ratio. Why we use annual data.
Open the interactive P/E chart · How P/E history is calculated.
Show all annual P/E values (17 fiscal years)
| Fiscal end | Price date | Close | Price basis | Basic P/E | Diluted P/E | EPS filings |
|---|---|---|---|---|---|---|
| 2025-12-31 | 2025-12-26 | 7.25 | Adjusted close | Unavailable | Unavailable | Basic EPS (2026-03-13) Diluted EPS (2026-03-13) |
| 2024-12-31 | 2024-12-27 | 15.71 | Adjusted close | Unavailable | Unavailable | Basic EPS (2026-03-13) Diluted EPS (2026-03-13) |
| 2023-12-31 | 2023-12-29 | 26.81 | Adjusted close | 167.56 | 167.56 | Basic EPS (2026-03-13) Diluted EPS (2026-03-13) |
| 2022-12-31 | 2022-12-30 | 35.76 | Adjusted close | 31.10 | 31.37 | Basic EPS (2025-03-07) Diluted EPS (2025-03-07) |
| 2021-12-31 | 2021-12-31 | 58.73 | Adjusted close | 45.18 | 45.88 | Basic EPS (2024-03-08) Diluted EPS (2024-03-08) |
| 2020-12-31 | 2020-12-31 | 41.90 | Adjusted close | Unavailable | 79.06 | Basic EPS (2023-03-10) Diluted EPS (2023-03-10) |
| 2019-12-31 | 2019-12-27 | 41.92 | Adjusted close | 80.62 | 80.62 | Basic EPS (2022-03-10) Diluted EPS (2022-03-10) |
| 2018-12-31 | 2018-12-28 | 44.11 | Adjusted close | 51.89 | 52.51 | Basic EPS (2021-03-11) Diluted EPS (2021-03-11) |
| 2017-12-31 | 2017-12-29 | 43.41 | Adjusted close | 51.67 | 52.30 | Basic EPS (2020-03-13) Diluted EPS (2020-03-13) |
| 2016-12-31 | 2016-12-30 | 41.40 | Adjusted close | 42.25 | 42.68 | Basic EPS (2019-03-08) Diluted EPS (2019-03-08) |
| 2015-12-31 | 2015-12-31 | 26.92 | Adjusted close | 40.18 | 40.79 | Basic EPS (2018-03-09) Diluted EPS (2018-03-09) |
| 2014-12-31 | 2014-12-26 | 37.20 | Adjusted close | 64.13 | 65.25 | Basic EPS (2017-03-10) Diluted EPS (2017-03-10) |
| 2013-12-31 | 2013-12-27 | 35.78 | Adjusted close | 57.71 | 58.65 | Basic EPS (2016-03-11) Diluted EPS (2016-03-11) |
| 2012-12-31 | 2012-12-28 | 23.82 | Adjusted close | 20.36 | 20.71 | Basic EPS (2015-03-11) Diluted EPS (2015-03-11) |
| 2011-12-31 | 2011-12-30 | 29.82 | Adjusted close | 30.74 | 31.39 | Basic EPS (2014-03-13) Diluted EPS (2014-03-13) |
| 2010-12-31 | 2010-12-31 | 31.01 | Adjusted close | 34.07 | 34.84 | Basic EPS (2013-03-18) Diluted EPS (2013-03-18) |
| 2009-12-31 | 2009-12-31 | 20.88 | Adjusted close | 25.16 | 25.47 | Basic EPS (2012-03-09) Diluted EPS (2012-03-09) |
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