Forrester Research Inc (FORR) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 2, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 6, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the FORR SEC filings page.
Forrester Research Inc (FORR) reported $381.0M in revenue over the twelve months to Jun 30, 2026, down 7.5% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Stable gross margins masked a sharp operating reset, while positive cash flow diverged from a large accounting loss and shrinking equity.
Gross margin remained near the high-50% range in FY2025, but operating margin fell to-28.5% , showing that the breakdown occurred below direct delivery costs rather than in the gross-profit layer. Free cash flow stayed positive at$18.1M despite a net loss of$119.4M , indicating substantial non-cash or timing effects in the earnings-to-cash reconciliation rather than equivalent cash destruction.
Gross margin stayed broadly stable across FY2021-FY2025, while operating margin fell to
Debt fell to
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Forrester Research Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Forrester Research Inc has an operating margin of -28.5%, meaning the company loses $29 on every $100 of revenue. This results in a profitability score of 13/100. This is down from 0.2% the prior year.
Forrester Research Inc's revenue declined 8.2% year-over-year, from $432.5M to $396.9M. This contraction results in a growth score of 10/100.
Forrester Research Inc carries a low D/E ratio of 0.00, meaning only $0.00 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 90/100, indicating a strong balance sheet with room for future borrowing.
Forrester Research Inc's current ratio of 0.89 is below the typical benchmark, resulting in a score of 14/100. This tight liquidity could limit financial flexibility if cash inflows slow.
Forrester Research Inc has a free cash flow margin of 4.6%, earning a moderate score of 35/100. The company generates positive cash flow after capital investments, but with room for improvement.
Forrester Research Inc posts a -94.3% return on equity (ROE), meaning it loses $94 for every $100 of shareholders' equity. This results in a returns score of 9/100. This is down from -2.5% the prior year.
Forrester Research Inc scores 0.64, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($221.0M) relative to total liabilities ($277.5M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Forrester Research Inc passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
Forrester Research Inc reported a net loss of $119.4M while generating $21.1M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
Forrester Research Inc reported an operating loss of $113.2M against $2.7M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
Forrester Research Inc generated $100.2M in revenue in Q2 2026. This represents a decrease of 10.2% from the same quarter a year earlier. Against the prior quarter it is up 17.3%.
Forrester Research Inc's EBITDA was $6.7M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 38.4% from the same quarter a year earlier. Against the prior quarter it is up 144.2%.
Forrester Research Inc reported $15.3M in net income in Q2 2026. This represents an increase of 289.8% from the same quarter a year earlier. Against the prior quarter it is up 169.9%.
Forrester Research Inc earned $0.78 per diluted share (EPS) in Q2 2026. This represents an increase of 290.0% from the same quarter a year earlier. Against the prior quarter it is up 168.4%.
Cash & Balance Sheet
Forrester Research Inc recorded an outflow of $12.6M in free cash flow in Q2 2026, representing a cash shortfall after capex. This represents a decrease of 197.8% from the same quarter a year earlier. Against the prior quarter it is down 165.0%.
Forrester Research Inc held $59.5M in cash against $35.0M in long-term debt as of Q2 2026.
Not reported for Q2 2026.
Margins & Returns
Forrester Research Inc's gross margin was 56.4% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is up 0.8 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.6 percentage points.
Forrester Research Inc's operating margin was 3.4% in Q2 2026, reflecting core business profitability. This is down 2.8 percentage points from the same quarter a year earlier. Against the prior quarter it is up 25.2 percentage points.
Forrester Research Inc's net profit margin was 15.2% in Q2 2026, showing the share of revenue converted to profit. This is up 11.7 percentage points from the same quarter a year earlier. Against the prior quarter it is up 40.8 percentage points.
Forrester Research Inc's ROE was 12.5% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 10.1 percentage points from the same quarter a year earlier. Against the prior quarter it is up 33.1 percentage points.
Capital Allocation
Forrester Research Inc invested $12.0M in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 1900.0% from the same quarter a year earlier. Against the prior quarter it is up 94.3%.
Not reported for Q2 2026.
Not reported for Q2 2026.
FORR Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $100.2M-10.2% | $85.5M-4.9% | $101.1M-6.5% | $94.3M-8.0% | $111.7M-8.3% | $89.9M-10.2% | $108.0M-8.5% | $102.5M-9.6% |
| Cost of Revenue | $43.7M-12.0% | $38.6M-2.5% | $43.8M-1.7% | $37.7M-10.6% | $49.7M-3.0% | $39.6M-11.4% | $44.5M-15.4% | $42.2M-12.1% |
| Gross Profit | $56.5M-8.9% | $46.8M-6.9% | $57.3M-9.8% | $56.6M-6.2% | $62.0M-12.3% | $50.3M-9.2% | $63.5M-3.0% | $60.4M-7.8% |
| SG&A Expenses | $50.4M-8.5% | $52.0M-2.7% | $58.5M-5.3% | $51.3M-9.9% | $55.1M-4.0% | $53.5M-5.6% | $61.8M-11.2% | $56.9M-5.9% |
| Operating Income | $3.4M-51.2% | -$18.6M+78.7% | -$37.0M-6614.2% | $4.5M+709.7% | $7.0M-38.5% | -$87.6M-842.6% | -$551K+61.7% | -$731K-114.5% |
| EBITDA | $6.7M-38.4% | -$15.1M+82.0% | -$33.5M-1165.7% | $8.2M+126.1% | $10.8M-31.8% | -$83.9M-1678.2% | $3.1M-2.8% | $3.6M-65.0% |
| Interest Expense | -$386K+42.8% | -$804K-20.5% | -$654K+8.7% | -$684K+11.2% | -$675K+11.5% | -$667K+12.5% | -$716K+7.5% | -$770K-0.9% |
| Income Tax | -$12.3M-485.3% | $3.1M+401.4% | -$2.7M-639.4% | $437K-90.7% | $3.2M-39.3% | -$1.0M+51.1% | $493K+181.9% | $4.7M+98.7% |
| Net Income | $15.3M+289.8% | -$21.8M+75.0% | -$33.9M-7941.4% | -$2.1M+63.3% | $3.9M-37.8% | -$87.3M-1207.8% | $432K+165.2% | -$5.8M-333.4% |
| EPS (Basic) | $0.79+276.2% | -$1.14+75.3% | -$1.79-9050.0% | -$0.11+63.3% | $0.21-36.4% | -$4.62-1220.0% | $0.02+166.7% | -$0.30-330.8% |
| EPS (Diluted) | $0.78+290.0% | -$1.14+75.3% | -$1.79-9050.0% | -$0.11+63.3% | $0.20-39.4% | -$4.62-1220.0% | $0.02+166.7% | -$0.30-330.8% |
| Diluted Shares (Avg) | 19M+1.5% | 19M+1.0% | N/A | 19M+0.3% | 19M+0.2% | 19M-2.0% | N/A | 19M-1.2% |
Not reported in any period shown, so not listed: R&D Expenses.
FORR Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $416.5M-4.5% | $409.1M-7.0% | $404.0M-19.8% | $414.2M-18.0% | $436.0M-16.8% | $439.8M-20.9% | $503.9M-10.7% | $505.3M-5.7% |
| Current Assets | $222.0M+3.7% | $218.4M-0.1% | $212.7M+5.6% | $193.6M-0.1% | $214.2M+10.7% | $218.5M0.0% | $201.4M-6.8% | $193.9M+4.9% |
| Cash & Equivalents | $59.5M-12.2% | $73.9M-2.2% | $63.3M+12.9% | $65.1M+3.8% | $67.8M+15.1% | $75.6M+23.2% | $56.1M-23.1% | $62.8M-38.3% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Receivable | $36.1M-10.3% | $40.9M-5.4% | $50.9M-8.4% | $33.6M-14.2% | $40.2M-15.6% | $43.3M-21.0% | $55.5M-5.9% | $39.2M-4.5% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $109.0M-26.0% | $109.1M-24.9% | $120.4M-47.2% | $147.2M-36.1% | $147.4M-39.3% | $145.3M-40.2% | $228.0M-6.7% | $230.2M-4.9% |
| Total Liabilities | $294.9M+6.6% | $303.0M+3.6% | $277.5M+1.2% | $256.5M-5.3% | $276.5M-3.7% | $292.4M-10.0% | $274.3M-15.3% | $270.9M-10.6% |
| Current Liabilities | $208.8M+5.9% | $237.9M+6.3% | $240.1M+17.7% | $182.1M-8.0% | $197.2M-6.8% | $223.7M-7.2% | $204.0M-15.0% | $198.0M-8.2% |
| Non-Current Liabilities | $86.1M+8.6% | $65.1M-5.2% | $37.4M-46.8% | $74.4M+2.0% | $79.3M+5.0% | $68.7M-17.9% | $70.4M-16.1% | $72.9M-16.7% |
| Long-Term Debt | $35.0M0.0% | $35.0M0.0% | N/A | $35.0M0.0% | $35.0M0.0% | $35.0M0.0% | $35.0M0.0% | $35.0M0.0% |
| Total Equity | $121.6M-23.8% | $106.1M-28.1% | $126.5M-44.9% | $157.7M-32.7% | $159.5M-32.7% | $147.4M-36.2% | $229.5M-4.5% | $234.3M+0.6% |
| Retained Earnings | $46.0M-48.1% | $30.7M-63.7% | $52.6M-69.4% | $86.4M-49.6% | $88.6M-50.0% | $84.7M-50.5% | $171.9M-3.2% | $171.5M-3.8% |
Not reported in any period shown, so not listed: Inventory.
FORR Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$555K+84.7% | $25.6M-4.3% | -$3.2M-75.5% | $1.2M+353.4% | -$3.6M-24.8% | $26.7M+4273.6% | -$1.8M-115.4% | $264K+104.4% |
| Depreciation & Amortization | $3.3M-15.5% | $3.5M-4.8% | $3.4M-6.8% | $3.7M-14.0% | $3.9M-15.3% | $3.7M-19.2% | $3.7M-20.9% | $4.4M-17.8% |
| Stock-Based Compensation | $2.9M-27.4% | $2.7M+10.0% | N/A | $3.4M-6.4% | $4.0M-1.0% | $2.5M-30.8% | N/A | $3.6M-13.1% |
| Capital Expenditures | $12.0M+1900.0% | $6.2M+856.5% | $1.1M+61.9% | $673K+38.2% | $602K-27.5% | $648K-54.6% | $657K-58.7% | $487K-60.7% |
| Free Cash Flow | -$12.6M-197.8% | $19.4M-25.7% | -$4.3M-71.9% | $524K+335.0% | -$4.2M-13.2% | $26.1M+3299.4% | -$2.5M-124.2% | -$223K+96.9% |
| Investing Cash Flow | -$11.8M-88.2% | -$14.1M-66.0% | $1.6M+568.6% | -$956K-112.8% | -$6.3M-237.7% | -$8.5M-17.1% | $245K+100.6% | $7.5M+160.5% |
| Financing Cash Flow | -$1.7M-243.1% | $148K-37.0% | -$195K+93.6% | -$2.1M+55.5% | -$485K+87.9% | $235K+105.5% | -$3.1M-5252.6% | -$4.8M-59.0% |
| Share Buybacks | N/A | N/A | $133K-95.5% | $2.4M-52.4% | $44K-98.9% | $0-100.0% | $2.9M | $5.0M+52.3% |
Not reported in any period shown, so not listed: Dividends Paid.
FORR Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 56.4%+0.8pp | 54.8%-1.1pp | 56.7%-2.1pp | 60.0%+1.1pp | 55.5%-2.5pp | 55.9%+0.6pp | 58.8%+3.3pp | 58.9%+1.2pp |
| Operating Margin | 3.4%-2.8pp | -21.8%+75.7pp | -36.6%-36.1pp | 4.7%+5.4pp | 6.2%-3.1pp | -97.5%-88.2pp | -0.5%+0.7pp | -0.7%-5.2pp |
| Net Margin | 15.2%+11.7pp | -25.5%+71.6pp | -33.5%-33.9pp | -2.3%+3.4pp | 3.5%-1.7pp | -97.1%-90.4pp | 0.4%+1.0pp | -5.7%-7.8pp |
| Return on Equity | 12.5%+10.1pp | -20.6%+38.6pp | -26.8%-27.0pp | -1.4%+1.1pp | 2.5%-0.2pp | -59.2%-56.3pp | 0.2%+0.5pp | -2.5%-3.5pp |
| Return on Assets | 3.7%+2.8pp | -5.3%+14.5pp | -8.4%-8.5pp | -0.5%+0.6pp | 0.9%-0.3pp | -19.8%-18.6pp | 0.1%+0.2pp | -1.1%-1.6pp |
| Current Ratio | 1.060.0x | 0.92-0.1x | 0.89-0.1x | 1.06+0.1x | 1.09+0.2x | 0.98+0.1x | 0.99+0.1x | 0.98+0.1x |
| Debt-to-Equity | 0.29+0.1x | 0.33+0.1x | 2.19+2.0x | 0.22+0.1x | 0.22+0.1x | 0.24+0.1x | 0.150.0x | 0.150.0x |
| Asset Turnover | 0.240.0x | 0.210.0x | 0.250.0x | 0.230.0x | 0.260.0x | 0.200.0x | 0.210.0x | 0.200.0x |
| FCF Margin | -12.6%-8.8pp | 22.7%-6.3pp | -4.2%-1.9pp | 0.6%+0.8pp | -3.8%-0.7pp | 29.0%+29.8pp | -2.3%-11.0pp | -0.2%+6.2pp |
Note: The current ratio is below 1.0 (0.89), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Forrester Research Inc FORR | FY2025 | $396.9M | -$119.4M | -30.1% | $221.0M | 29/100 |
| Roma Green Finance Limited ROMA | FY2026 | $1.2M | -$3.5M | N/A | $518.2M | 32/100 |
| Resources Connection RGP | FY2026 | $452.0M | -$40.6M | -9.0% | $131.9M | 32/100 |
| SBC Medical Group Holdings Incorporated SBC | FY2025 | $173.6M | $51.0M | 29.4% | $521.4M | 77/100 |
| CRA International, Inc. CRAI | FY2025 | $751.6M | $54.8M | 7.3% | $1.1B | 53/100 |
| Aeries Technology, Inc. AERT | FY2026 | $70.0M | $2.8M | 4.0% | $39.0M | 31/100 |
Where Forrester Research Inc Ranks
Frequently Asked Questions
What is Forrester Research Inc's annual revenue?
Forrester Research Inc (FORR) reported $396.9M in total revenue for fiscal year 2025. This represents a -8.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Forrester Research Inc's revenue growing?
Forrester Research Inc (FORR) revenue declined by 8.2% year-over-year, from $432.5M to $396.9M in fiscal year 2025.
Is Forrester Research Inc profitable?
No, Forrester Research Inc (FORR) reported a net income of -$119.4M in fiscal year 2025, with a net profit margin of -30.1%.
What is Forrester Research Inc's EBITDA?
Forrester Research Inc (FORR) had EBITDA of -$98.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Forrester Research Inc have?
As of fiscal year 2025, Forrester Research Inc (FORR) had $63.3M in cash and equivalents against $0 in long-term debt.
What is Forrester Research Inc's gross margin?
Forrester Research Inc (FORR) had a gross margin of 57.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Forrester Research Inc's operating margin?
Forrester Research Inc (FORR) had an operating margin of -28.5% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Forrester Research Inc's net profit margin?
Forrester Research Inc (FORR) had a net profit margin of -30.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Forrester Research Inc's return on equity (ROE)?
Forrester Research Inc (FORR) has a return on equity of -94.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Forrester Research Inc's free cash flow?
Forrester Research Inc (FORR) generated $18.1M in free cash flow during fiscal year 2025. This represents a 349.2% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Forrester Research Inc's operating cash flow?
Forrester Research Inc (FORR) generated $21.1M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Forrester Research Inc's total assets?
Forrester Research Inc (FORR) had $404.0M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Forrester Research Inc's capital expenditures?
Forrester Research Inc (FORR) invested $3.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Forrester Research Inc's current ratio?
Forrester Research Inc (FORR) had a current ratio of 0.89 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Forrester Research Inc's debt-to-equity ratio?
Forrester Research Inc (FORR) had a debt-to-equity ratio of 0.00 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Forrester Research Inc's return on assets (ROA)?
Forrester Research Inc (FORR) had a return on assets of -29.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Forrester Research Inc's P/E ratio?
Forrester Research Inc (FORR) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to June 30, 2026). The market capitalization is $221.0M as of Oct 2, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Forrester Research Inc's price-to-sales ratio?
Forrester Research Inc (FORR) trades at 0.6x sales, its market capitalization divided by revenue of $381.0M revenue, trailing 12 months to June 30, 2026. The market capitalization is $221.0M as of Oct 2, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Forrester Research Inc's Altman Z-Score?
Forrester Research Inc (FORR) has an Altman Z-Score of 0.64, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Forrester Research Inc's Piotroski F-Score?
Forrester Research Inc (FORR) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Forrester Research Inc's earnings high quality?
Forrester Research Inc (FORR) reported a net loss of $119.4M while generating $21.1M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Forrester Research Inc cover its interest payments?
Forrester Research Inc (FORR) reported an operating loss of $113.2M against $2.7M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Forrester Research Inc?
Forrester Research Inc (FORR) scores 29 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.