Forrester Research, Inc.

FORRNASDAQIndustrials● Active

$7.00

$-0.01(-0.07%)

Market Cap$135786940

P/E Ratio—

52W High$11.57

52W Low$4.88

Avg Volume97K

Open$6.83

Beta1.02

Overview

Forrester Research, Inc. (FORR) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

FORR · free cash flow · updated Jun 8, 2026

Core FCF metrics

FORR · FCF · TTM · margin & CAGR

Free cash flow was $18.1M for FY2025 (fiscal year ending 2025-12-31), up 349.2% year-over-year The FCF margin was 4.6%. Five-year CAGR stands at -14.2%.

FY2025 Free Cash Flow$18.1M▲ +349.2% YoY

Trailing 12M (TTM)$11.4Mtrailing 4 quarters sum

FCF Margin4.6%$18.1M ÷ revenue

3-Year CAGR-18.8%FY2022 → FY2025

5-Year CAGR-14.2%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

FORR · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$21.1M(3M)$18.1M▲ +349.2%4.6%

FY2024−$3.9M(3M)−$7.3M▼ 144.9%-1.7%

FY2023$21.7M(5M)$16.2M▼ 52.1%3.4%

FY2022$39.4M(6M)$33.8M▼ 64.9%6.3%

FY2021$107.1M(11M)$96.3M▲ +147.9%19.5%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

FORR · P/FCF · FCF yield · FCF per share

Forrester Research, Inc. (FORR) trades at a FCF yield of 8.54% and a price-to-free-cash-flow ratio of 11.7x. FCF per share stands at $0.60, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

8.54%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$0.60

TTM FCF ÷ Shares Outstanding

Price / FCF

x11.7

Share Price ÷ FCF per Share

EV / FCF (TTM)

x10.7

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

FORR · cash flow statement · operating / investing / financing

For FY2025, Forrester Research, Inc. generated $21.1M in operating cash flow and spent 3M in capital expenditures, yielding $18.1M in free cash flow.

Operating Activities

+$21.1M

Cash from core business operations

2025-12-31

Investing Activities

−$14.1M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$2.6M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($21.1M) − |CapEx| (3M) = FCF ($18.1M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Industrials)

FORR vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Forrester Research, Inc.YOU

FORR

$18.1M+349.2%4.6%

Union Pacific Corporation

Industrials · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Forrester Research, Inc. (FORR) reported free cash flow of $18.1M for FY2025 (fiscal year ending 2025-12-31), up 349.2% year-over-year. The FCF margin was 4.6%.

Based on available data, Forrester Research, Inc. has maintained positive free cash flow for at least 14 fiscal year(s). FCF peaked at $96.3M in FY2021. The 5-year CAGR stands at -14.2%.

Forrester Research, Inc.'s FCF yield is 8.54% and price-to-FCF ratio is 11.7x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

FORR free cash flow · 8 questions

Forrester Research, Inc. free cash flow was $18.1M for FY2025, up 349.2% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $11.4M.

FORR free cash flowFORR FCFFORR FCF 2025FORR free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Forrester Research, Inc. · Forrester Research, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026