Invesaro

Stocks Comparison

Forrester Research vs Independence Power: revenue, profit, margins and growth compared

Forrester Research brought in $396.9M of revenue in fiscal 2025, Independence Power $97.2M in fiscal 2026. Revenue changed by -8.2% at Forrester Research and +439,216.1% at Independence Power on the year before, so Independence Power grew faster. Forrester Research kept -30.1% of its revenue as net profit, Independence Power 70.9%.

Side by side, latest fiscal year

FORRITXP
Fiscal year endedFY2025 (December 31, 2025)FY2026 (December 31, 2025)
Revenue$396.9M$97.2M
Revenue growth-8.2%+439,216.1%
Net income-$119.4M$68.9M
Net margin-30.1%70.9%
Free cash flow$18.1Mn/a
Free cash flow margin4.6%n/a
Earnings per share (diluted)-$6.28$0.31
Cash$63.3M$1.6M
Debt$35Mn/a
Price to earningsn/an/a
Market value$237.6Mn/a
Dividend yieldn/an/a
Rank by revenue in sector#356 of 605 · Industrials#405 of 605 · Industrials

Over the years

Revenue
FORR FY2018: $357.6MFORR FY2019: $461.7MFORR FY2020: $449MFORR FY2021: $494.3MFORR FY2022: $537.8MFORR FY2023: $480.8MFORR FY2024: $432.5MFORR FY2025: $396.9MITXP FY2025: $8KITXP FY2024: $0ITXP FY2025: $22.1KITXP FY2026: $97.2MFY18FY19FY20FY21FY22FY23FY24FY25FY26
FORR $396.9MITXP $97.2M
Net income
FORR FY2018: $15.4MFORR FY2019: -$9.6MFORR FY2020: $10MFORR FY2021: $24.8MFORR FY2022: $21.8MFORR FY2023: $3.1MFORR FY2024: -$5.7MFORR FY2025: -$119.4MITXP FY2025: -$21.4KITXP FY2024: -$2.8MITXP FY2025: -$25.3KITXP FY2026: $68.9MFY18FY19FY20FY21FY22FY23FY24FY25FY26
FORR -$119.4MITXP $68.9M
Net margin
FORR FY2018: 4.3%FORR FY2019: -2.1%FORR FY2020: 2.2%FORR FY2021: 5.0%FORR FY2022: 4.1%FORR FY2023: 0.6%FORR FY2024: -1.3%FORR FY2025: -30.1%ITXP FY2025: -267.3%ITXP FY2025: -114.4%ITXP FY2026: 70.9%FY18FY19FY20FY21FY22FY23FY24FY25FY26
FORR -30.1%ITXP 70.9%
Revenue growth
FORR FY2019: +29.1%FORR FY2020: -2.8%FORR FY2021: +10.1%FORR FY2022: +8.8%FORR FY2023: -10.6%FORR FY2024: -10.0%FORR FY2025: -8.2%ITXP FY2024: -100.0%ITXP FY2026: +439,216.1%FY19FY20FY21FY22FY23FY24FY25FY26
FORR -8.2%ITXP +439,216.1%
Free cash flow
FORR FY2018: $33.4MFORR FY2019: $36.5MFORR FY2020: $38.8MFORR FY2021: $96.3MFORR FY2022: $33.8MFORR FY2023: $16.2MFORR FY2024: -$7.3MFORR FY2025: $18.1MITXP FY2025: $27.4KITXP FY2025: -$32.1KFY18FY19FY20FY21FY22FY23FY24FY25
FORR $18.1MITXP -$32.1K

Fiscal years as each company reports them; the two may end in different months.

Questions about Forrester Research and Independence Power

Which is bigger by revenue, Forrester Research or Independence Power?

Forrester Research is bigger by revenue: $396.9M in fiscal 2025, against $97.2M for Independence Power in fiscal 2026.

Which keeps more of its revenue as profit, Forrester Research or Independence Power?

Forrester Research had a net margin of -30.1% in fiscal 2025; Independence Power had 70.9% in fiscal 2026.

Which grew revenue faster, Forrester Research or Independence Power?

In their latest fiscal years revenue changed by -8.2% at Forrester Research and +439,216.1% at Independence Power.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

More comparisons

Compare more companies