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Side-by-side financial comparison of Allstate (ALL) and FORWARD AIR CORP (FWRD). Click either name above to swap in a different company.
Allstate is the larger business by last-quarter revenue ($922.0M vs $631.2M, roughly 1.5× FORWARD AIR CORP). Allstate runs the higher net margin — 266.6% vs -4.5%, a 271.1% gap on every dollar of revenue. On growth, Allstate posted the faster year-over-year revenue change (7.2% vs -0.3%). Over the past eight quarters, FORWARD AIR CORP's revenue compounded faster (7.9% CAGR vs -75.8%).
The Allstate Corporation, together with its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. The company operates through Allstate Protection; Protection Services; Allstate Health and Benefits; and Run-off Property-Liability segments. The Allstate Protection segment offers private passenger auto and homeowners insurance; specialty auto products, including motorcycle, trailer, motor home, and off-road vehicle insurance; other personal ...
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.
ALL vs FWRD — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $922.0M | $631.2M |
| Net Profit | $2.5B | $-28.3M |
| Gross Margin | — | — |
| Operating Margin | -1400.3% | -0.5% |
| Net Margin | 266.6% | -4.5% |
| Revenue YoY | 7.2% | -0.3% |
| Net Profit YoY | — | 22.2% |
| EPS (diluted) | $9.25 | $-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.
| Q1 26 | $922.0M | — | ||
| Q4 25 | $17.3B | $631.2M | ||
| Q3 25 | $17.3B | $631.8M | ||
| Q2 25 | $16.6B | $618.8M | ||
| Q1 25 | $16.5B | $613.3M | ||
| Q4 24 | $16.5B | $632.8M | ||
| Q3 24 | $16.6B | $655.9M | ||
| Q2 24 | $15.7B | $643.7M |
| Q1 26 | $2.5B | — | ||
| Q4 25 | $3.8B | $-28.3M | ||
| Q3 25 | $3.7B | $-16.3M | ||
| Q2 25 | $2.1B | $-12.6M | ||
| Q1 25 | $595.0M | $-50.6M | ||
| Q4 24 | $1.9B | $-36.4M | ||
| Q3 24 | $1.2B | $-73.4M | ||
| Q2 24 | $331.0M | $-645.4M |
| Q1 26 | -1400.3% | — | ||
| Q4 25 | — | -0.5% | ||
| Q3 25 | — | 2.4% | ||
| Q2 25 | — | 3.2% | ||
| Q1 25 | — | 0.8% | ||
| Q4 24 | — | 12.0% | ||
| Q3 24 | — | 3.5% | ||
| Q2 24 | — | -170.2% |
| Q1 26 | 266.6% | — | ||
| Q4 25 | 22.1% | -4.5% | ||
| Q3 25 | 21.7% | -2.6% | ||
| Q2 25 | 12.7% | -2.0% | ||
| Q1 25 | 3.6% | -8.3% | ||
| Q4 24 | 11.7% | -5.8% | ||
| Q3 24 | 7.2% | -11.2% | ||
| Q2 24 | 2.1% | -100.3% |
| Q1 26 | $9.25 | — | ||
| Q4 25 | $14.24 | $-0.90 | ||
| Q3 25 | $13.95 | $-0.52 | ||
| Q2 25 | $7.76 | $-0.41 | ||
| Q1 25 | $2.11 | $-1.68 | ||
| Q4 24 | $7.07 | $-1.69 | ||
| Q3 24 | $4.33 | $-2.66 | ||
| Q2 24 | $1.13 | $-23.47 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $106.0M |
| Total DebtLower is stronger | — | $1.7B |
| Stockholders' EquityBook value | $31.6B | $113.3M |
| Total Assets | $124.0B | $2.7B |
| Debt / EquityLower = less leverage | — | 14.89× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $4.9B | $106.0M | ||
| Q3 25 | $8.7B | $140.4M | ||
| Q2 25 | $9.6B | $95.1M | ||
| Q1 25 | $6.5B | $116.3M | ||
| Q4 24 | $4.5B | $104.9M | ||
| Q3 24 | $7.0B | $136.6M | ||
| Q2 24 | $5.3B | $84.9M |
| Q1 26 | — | — | ||
| Q4 25 | $7.5B | $1.7B | ||
| Q3 25 | $8.1B | $1.7B | ||
| Q2 25 | $8.1B | — | ||
| Q1 25 | $8.1B | — | ||
| Q4 24 | $8.1B | — | ||
| Q3 24 | $8.1B | — | ||
| Q2 24 | $8.1B | — |
| Q1 26 | $31.6B | — | ||
| Q4 25 | $30.6B | $113.3M | ||
| Q3 25 | $27.5B | $139.8M | ||
| Q2 25 | $24.0B | $151.8M | ||
| Q1 25 | $22.1B | $154.6M | ||
| Q4 24 | $21.4B | $201.7M | ||
| Q3 24 | $20.9B | $226.1M | ||
| Q2 24 | $18.6B | $283.8M |
| Q1 26 | $124.0B | — | ||
| Q4 25 | $119.8B | $2.7B | ||
| Q3 25 | $120.4B | $2.8B | ||
| Q2 25 | $115.9B | $2.8B | ||
| Q1 25 | $115.2B | $2.8B | ||
| Q4 24 | $111.6B | $2.8B | ||
| Q3 24 | $113.7B | $3.1B | ||
| Q2 24 | $108.4B | $3.1B |
| Q1 26 | — | — | ||
| Q4 25 | 0.24× | 14.89× | ||
| Q3 25 | 0.29× | 12.05× | ||
| Q2 25 | 0.34× | — | ||
| Q1 25 | 0.37× | — | ||
| Q4 24 | 0.38× | — | ||
| Q3 24 | 0.39× | — | ||
| Q2 24 | 0.43× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ALL
Segment breakdown not available.
FWRD
| Omni Logistics Segment | $359.8M | 57% |
| Network | $183.9M | 29% |
| Intermodal Segment | $50.2M | 8% |
| Truckload | $41.6M | 7% |
