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Side-by-side financial comparison of ALBANY INTERNATIONAL CORP (AIN) and FORWARD AIR CORP (FWRD). Click either name above to swap in a different company.
FORWARD AIR CORP is the larger business by last-quarter revenue ($631.2M vs $321.2M, roughly 2.0× ALBANY INTERNATIONAL CORP). ALBANY INTERNATIONAL CORP runs the higher net margin — 4.3% vs -4.5%, a 8.8% gap on every dollar of revenue. On growth, ALBANY INTERNATIONAL CORP posted the faster year-over-year revenue change (12.0% vs -0.3%). Over the past eight quarters, FORWARD AIR CORP's revenue compounded faster (7.9% CAGR vs 1.2%).
Albany International Corp is a global advanced materials and industrial technology company. It operates two core segments: Machine Clothing producing custom engineered fabrics for paper and other industrial manufacturing processes, and Engineered Composites developing high-performance composite components primarily for the aerospace and defense sectors, serving customers across North America, Europe, Asia and other global regions.
Forward Air Corp is a leading North American asset-light logistics and transportation provider. It offers core services including expedited less-than-truckload freight delivery, final-mile logistics, intermodal transport, warehousing, and supply chain solutions, serving key sectors such as e-commerce, retail, manufacturing, and automotive across the U.S., Canada, and Mexico.
AIN vs FWRD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $321.2M | $631.2M |
| Net Profit | $13.9M | $-28.3M |
| Gross Margin | 31.1% | — |
| Operating Margin | 9.3% | -0.5% |
| Net Margin | 4.3% | -4.5% |
| Revenue YoY | 12.0% | -0.3% |
| Net Profit YoY | -21.5% | 22.2% |
| EPS (diluted) | $0.56 | $-0.90 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $321.2M | $631.2M | ||
| Q3 25 | $261.4M | $631.8M | ||
| Q2 25 | $311.4M | $618.8M | ||
| Q1 25 | $288.8M | $613.3M | ||
| Q4 24 | $286.9M | $632.8M | ||
| Q3 24 | $298.4M | $655.9M | ||
| Q2 24 | $332.0M | $643.7M | ||
| Q1 24 | $313.3M | $541.8M |
| Q4 25 | $13.9M | $-28.3M | ||
| Q3 25 | $-97.8M | $-16.3M | ||
| Q2 25 | $9.2M | $-12.6M | ||
| Q1 25 | $17.4M | $-50.6M | ||
| Q4 24 | $17.7M | $-36.4M | ||
| Q3 24 | $18.0M | $-73.4M | ||
| Q2 24 | $24.6M | $-645.4M | ||
| Q1 24 | $27.3M | $-61.7M |
| Q4 25 | 31.1% | — | ||
| Q3 25 | -19.1% | — | ||
| Q2 25 | 31.3% | — | ||
| Q1 25 | 33.4% | — | ||
| Q4 24 | 31.5% | — | ||
| Q3 24 | 30.3% | — | ||
| Q2 24 | 33.9% | — | ||
| Q1 24 | 34.7% | — |
| Q4 25 | 9.3% | -0.5% | ||
| Q3 25 | -44.6% | 2.4% | ||
| Q2 25 | 7.2% | 3.2% | ||
| Q1 25 | 9.8% | 0.8% | ||
| Q4 24 | 8.5% | 12.0% | ||
| Q3 24 | 8.4% | 3.5% | ||
| Q2 24 | 12.9% | -170.2% | ||
| Q1 24 | 12.4% | -12.1% |
| Q4 25 | 4.3% | -4.5% | ||
| Q3 25 | -37.4% | -2.6% | ||
| Q2 25 | 2.9% | -2.0% | ||
| Q1 25 | 6.0% | -8.3% | ||
| Q4 24 | 6.2% | -5.8% | ||
| Q3 24 | 6.0% | -11.2% | ||
| Q2 24 | 7.4% | -100.3% | ||
| Q1 24 | 8.7% | -11.4% |
| Q4 25 | $0.56 | $-0.90 | ||
| Q3 25 | $-3.37 | $-0.52 | ||
| Q2 25 | $0.31 | $-0.41 | ||
| Q1 25 | $0.56 | $-1.68 | ||
| Q4 24 | $0.57 | $-1.69 | ||
| Q3 24 | $0.57 | $-2.66 | ||
| Q2 24 | $0.79 | $-23.47 | ||
| Q1 24 | $0.87 | $-2.81 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $112.3M | $106.0M |
| Total DebtLower is stronger | $455.7M | $1.7B |
| Stockholders' EquityBook value | $726.2M | $113.3M |
| Total Assets | $1.7B | $2.7B |
| Debt / EquityLower = less leverage | 0.63× | 14.89× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $112.3M | $106.0M | ||
| Q3 25 | $108.3M | $140.4M | ||
| Q2 25 | $106.7M | $95.1M | ||
| Q1 25 | $119.4M | $116.3M | ||
| Q4 24 | $115.3M | $104.9M | ||
| Q3 24 | $127.2M | $136.6M | ||
| Q2 24 | $116.4M | $84.9M | ||
| Q1 24 | $125.4M | $152.0M |
| Q4 25 | $455.7M | $1.7B | ||
| Q3 25 | $480.6M | $1.7B | ||
| Q2 25 | $444.7M | — | ||
| Q1 25 | $416.4M | — | ||
| Q4 24 | $318.5M | — | ||
| Q3 24 | $362.2M | — | ||
| Q2 24 | $377.1M | — | ||
| Q1 24 | $439.1M | $1.7B |
| Q4 25 | $726.2M | $113.3M | ||
| Q3 25 | $739.3M | $139.8M | ||
| Q2 25 | $888.6M | $151.8M | ||
| Q1 25 | $900.0M | $154.6M | ||
| Q4 24 | $943.5M | $201.7M | ||
| Q3 24 | $991.0M | $226.1M | ||
| Q2 24 | $967.5M | $283.8M | ||
| Q1 24 | $967.5M | $926.1M |
| Q4 25 | $1.7B | $2.7B | ||
| Q3 25 | $1.7B | $2.8B | ||
| Q2 25 | $1.7B | $2.8B | ||
| Q1 25 | $1.7B | $2.8B | ||
| Q4 24 | $1.6B | $2.8B | ||
| Q3 24 | $1.8B | $3.1B | ||
| Q2 24 | $1.8B | $3.1B | ||
| Q1 24 | $1.8B | $4.0B |
| Q4 25 | 0.63× | 14.89× | ||
| Q3 25 | 0.65× | 12.05× | ||
| Q2 25 | 0.50× | — | ||
| Q1 25 | 0.46× | — | ||
| Q4 24 | 0.34× | — | ||
| Q3 24 | 0.37× | — | ||
| Q2 24 | 0.39× | — | ||
| Q1 24 | 0.45× | 1.81× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $73.7M | — |
| Free Cash FlowOCF − Capex | $51.4M | — |
| FCF MarginFCF / Revenue | 16.0% | — |
| Capex IntensityCapex / Revenue | 6.9% | 1.3% |
| Cash ConversionOCF / Net Profit | 5.31× | — |
| TTM Free Cash FlowTrailing 4 quarters | $82.6M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $73.7M | — | ||
| Q3 25 | $43.9M | $52.7M | ||
| Q2 25 | $32.7M | — | ||
| Q1 25 | $2.1M | $27.6M | ||
| Q4 24 | $78.5M | $-23.2M | ||
| Q3 24 | $47.0M | $51.2M | ||
| Q2 24 | $83.4M | $-45.2M | ||
| Q1 24 | $9.6M | $-51.7M |
| Q4 25 | $51.4M | — | ||
| Q3 25 | $25.9M | $48.6M | ||
| Q2 25 | $18.8M | — | ||
| Q1 25 | $-13.5M | $15.7M | ||
| Q4 24 | $60.2M | $-30.5M | ||
| Q3 24 | $31.6M | $40.7M | ||
| Q2 24 | $63.6M | $-59.6M | ||
| Q1 24 | $-17.3M | $-56.7M |
| Q4 25 | 16.0% | — | ||
| Q3 25 | 9.9% | 7.7% | ||
| Q2 25 | 6.0% | — | ||
| Q1 25 | -4.7% | 2.6% | ||
| Q4 24 | 21.0% | -4.8% | ||
| Q3 24 | 10.6% | 6.2% | ||
| Q2 24 | 19.2% | -9.3% | ||
| Q1 24 | -5.5% | -10.5% |
| Q4 25 | 6.9% | 1.3% | ||
| Q3 25 | 6.9% | 0.7% | ||
| Q2 25 | 4.5% | 0.8% | ||
| Q1 25 | 5.4% | 1.9% | ||
| Q4 24 | 6.4% | 1.1% | ||
| Q3 24 | 5.2% | 1.6% | ||
| Q2 24 | 6.0% | 2.2% | ||
| Q1 24 | 8.6% | 0.9% |
| Q4 25 | 5.31× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 3.56× | — | ||
| Q1 25 | 0.12× | — | ||
| Q4 24 | 4.44× | — | ||
| Q3 24 | 2.61× | — | ||
| Q2 24 | 3.39× | — | ||
| Q1 24 | 0.35× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AIN
| Transferred At Point In Time | $176.5M | 55% |
| Engineered Composites Other | $99.3M | 31% |
| Engineered Composites ASC | $44.5M | 14% |
| Transferred Over Time | $1.0M | 0% |
FWRD
| Omni Logistics Segment | $359.8M | 57% |
| Network | $183.9M | 29% |
| Intermodal Segment | $50.2M | 8% |
| Truckload | $41.6M | 7% |
