Invesaro

Stocks Comparison

Forrester Research vs Paychex: revenue, profit, margins and growth compared

Forrester Research brought in $396.9M of revenue in fiscal 2025, Paychex $6.5B in fiscal 2026. Revenue changed by -8.2% at Forrester Research and +16.9% at Paychex on the year before, so Paychex grew faster. Forrester Research kept -30.1% of its revenue as net profit, Paychex 27.0%. Free cash flow was $18.1M at Forrester Research and $2.3B at Paychex.

Open the FORR pageOpen the PAYX page

Side by side, latest fiscal year

FORRPAYX
Fiscal year endedFY2025 (December 31, 2025)FY2026 (May 31, 2026)
Revenue$396.9M$6.5B
Revenue growth-8.2%+16.9%
Net income-$119.4M$1.8B
Net margin-30.1%27.0%
Free cash flow$18.1M$2.3B
Free cash flow margin4.6%35.7%
Earnings per share (diluted)-$6.28$4.89
Cash$63.3M$1.1B
Debt$35M$4.6B
Price to earningsn/a20.7
Market value$217M$36.1B
Dividend yieldn/a4.37%
Rank by revenue in sector#339 of 451 · Industrials#102 of 451 · 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: $396.9MPAYX FY2019: $3.8BPAYX FY2020: $4BPAYX FY2021: $4.1BPAYX FY2022: $4.6BPAYX FY2023: $5BPAYX FY2024: $5.3BPAYX FY2025: $5.6BPAYX FY2026: $6.5BFY18FY19FY20FY21FY22FY23FY24FY25FY26
FORR $396.9MPAYX $6.5B
Net income
FORR FY2018: $15.4MFORR FY2019: -$9.6MFORR FY2020: $10MFORR FY2021: $24.8MFORR FY2022: $21.8MFORR FY2023: $3.1MFORR FY2024: -$5.7MFORR FY2025: -$119.4MPAYX FY2019: $1BPAYX FY2020: $1.1BPAYX FY2021: $1.1BPAYX FY2022: $1.4BPAYX FY2023: $1.6BPAYX FY2024: $1.7BPAYX FY2025: $1.7BPAYX FY2026: $1.8BFY18FY19FY20FY21FY22FY23FY24FY25FY26
FORR -$119.4MPAYX $1.8B
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%PAYX FY2019: 27.4%PAYX FY2020: 27.2%PAYX FY2021: 27.1%PAYX FY2022: 30.2%PAYX FY2023: 31.1%PAYX FY2024: 32.0%PAYX FY2025: 29.7%PAYX FY2026: 27.0%FY18FY19FY20FY21FY22FY23FY24FY25FY26
FORR -30.1%PAYX 27.0%
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%PAYX FY2020: +7.1%PAYX FY2021: +0.4%PAYX FY2022: +13.7%PAYX FY2023: +8.6%PAYX FY2024: +5.4%PAYX FY2025: +5.6%PAYX FY2026: +16.9%FY19FY20FY21FY22FY23FY24FY25FY26
FORR -8.2%PAYX +16.9%
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: $18.1MPAYX FY2019: $1.1BPAYX FY2020: $1.3BPAYX FY2021: $1.1BPAYX FY2022: $1.5BPAYX FY2023: $1.6BPAYX FY2024: $1.7BPAYX FY2025: $1.7BPAYX FY2026: $2.3BFY18FY19FY20FY21FY22FY23FY24FY25FY26
FORR $18.1MPAYX $2.3B

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

Questions about Forrester Research and Paychex

Which is bigger by revenue, Forrester Research or Paychex?

Paychex is bigger by revenue: $6.5B in fiscal 2026, against $396.9M for Forrester Research in fiscal 2025.

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

Forrester Research had a net margin of -30.1% in fiscal 2025; Paychex had 27.0% in fiscal 2026.

Which grew revenue faster, Forrester Research or Paychex?

In their latest fiscal years revenue changed by -8.2% at Forrester Research and +16.9% at Paychex.

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.

Compare more companies