FORR Forrester Research, Inc.
Stable Earnings Power
F 22.7 / 100 pillar composite

AlphaQuality composite grade, weighted for stable earnings power businesses.

⚠ 2 of the last 5 fiscal years showed negative net income — AlphaQuality will not grade above F for persistent unprofitability in a stable earnings power business.

Grade overrides the 22.7 pillar composite — hard gates always win.

Profitability

Weight: 20%
F 0
  • 5yr Avg ROIC -5.3%
  • Operating Margin Trend -2.06 pp/yr

Capital Efficiency

Weight: 15%
F 22
  • 5yr Avg ROE -14.7%
  • 5yr Share-Count CAGR 0.1%

Growth Quality

Weight: 15%
F 23
  • 5yr Revenue CAGR -2.4%
  • Revenue-Growth Years (5) 2/5

Cash Generation

Weight: 15%
C+ 60
  • 5yr FCF Margin 6.4%
  • 5yr FCF/NI Conversion 3.58x

Balance Sheet

Weight: 20%
F 2
  • Net Debt / EBITDA 10.00x
  • Interest Coverage (EBIT/Int) -43.56x
  • Altman Z-Score 0.65

Stability

Weight: 15%
D+ 44
  • EPS Volatility (σ/μ) 0.44
  • Negative-Revenue Years (5) 3/5
  • Piotroski F-Score 5

Guru Flow

Curated superinvestor sentiment — not part of the AlphaQuality grade.
Trimming

1 of 1 gurus held; 1 trimmed; 1 full exit.

Holders
1
Avg Δ position
-17.1%
New buys
0
Full exits
1
As of Q2 2026