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Side-by-side financial comparison of Ametek (AME) and FORWARD AIR CORP (FWRD). Click either name above to swap in a different company.
Ametek is the larger business by last-quarter revenue ($2.0B vs $631.2M, roughly 3.2× FORWARD AIR CORP). Ametek runs the higher net margin — 19.9% vs -4.5%, a 24.4% gap on every dollar of revenue. On growth, Ametek posted the faster year-over-year revenue change (13.4% vs -0.3%). Over the past eight quarters, FORWARD AIR CORP's revenue compounded faster (7.9% CAGR vs 7.3%).
AMETEK, Inc. is an American multinational conglomerate and global designer and manufacturer of electronic instruments and electromechanical devices with headquarters in the United States and over 150 sites worldwide.
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.
AME vs FWRD — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $2.0B | $631.2M |
| Net Profit | $398.6M | $-28.3M |
| Gross Margin | 36.0% | — |
| Operating Margin | 25.3% | -0.5% |
| Net Margin | 19.9% | -4.5% |
| Revenue YoY | 13.4% | -0.3% |
| Net Profit YoY | 2.9% | 22.2% |
| EPS (diluted) | $1.73 | $-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 | $2.0B | $631.2M | ||
| Q3 25 | $1.9B | $631.8M | ||
| Q2 25 | $1.8B | $618.8M | ||
| Q1 25 | $1.7B | $613.3M | ||
| Q4 24 | $1.8B | $632.8M | ||
| Q3 24 | $1.7B | $655.9M | ||
| Q2 24 | $1.7B | $643.7M | ||
| Q1 24 | $1.7B | $541.8M |
| Q4 25 | $398.6M | $-28.3M | ||
| Q3 25 | $371.4M | $-16.3M | ||
| Q2 25 | $358.4M | $-12.6M | ||
| Q1 25 | $351.8M | $-50.6M | ||
| Q4 24 | $387.3M | $-36.4M | ||
| Q3 24 | $340.2M | $-73.4M | ||
| Q2 24 | $337.7M | $-645.4M | ||
| Q1 24 | $310.9M | $-61.7M |
| Q4 25 | 36.0% | — | ||
| Q3 25 | 36.3% | — | ||
| Q2 25 | 35.8% | — | ||
| Q1 25 | 36.1% | — | ||
| Q4 24 | 36.6% | — | ||
| Q3 24 | 36.0% | — | ||
| Q2 24 | 36.0% | — | ||
| Q1 24 | 34.1% | — |
| Q4 25 | 25.3% | -0.5% | ||
| Q3 25 | 25.8% | 2.4% | ||
| Q2 25 | 26.0% | 3.2% | ||
| Q1 25 | 26.3% | 0.8% | ||
| Q4 24 | 26.6% | 12.0% | ||
| Q3 24 | 26.1% | 3.5% | ||
| Q2 24 | 25.8% | -170.2% | ||
| Q1 24 | 24.0% | -12.1% |
| Q4 25 | 19.9% | -4.5% | ||
| Q3 25 | 19.6% | -2.6% | ||
| Q2 25 | 20.2% | -2.0% | ||
| Q1 25 | 20.3% | -8.3% | ||
| Q4 24 | 22.0% | -5.8% | ||
| Q3 24 | 19.9% | -11.2% | ||
| Q2 24 | 19.5% | -100.3% | ||
| Q1 24 | 17.9% | -11.4% |
| Q4 25 | $1.73 | $-0.90 | ||
| Q3 25 | $1.60 | $-0.52 | ||
| Q2 25 | $1.55 | $-0.41 | ||
| Q1 25 | $1.52 | $-1.68 | ||
| Q4 24 | $1.67 | $-1.69 | ||
| Q3 24 | $1.47 | $-2.66 | ||
| Q2 24 | $1.45 | $-23.47 | ||
| Q1 24 | $1.34 | $-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 | $458.0M | $106.0M |
| Total DebtLower is stronger | $2.3B | $1.7B |
| Stockholders' EquityBook value | $10.6B | $113.3M |
| Total Assets | $16.1B | $2.7B |
| Debt / EquityLower = less leverage | 0.21× | 14.89× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $458.0M | $106.0M | ||
| Q3 25 | $439.2M | $140.4M | ||
| Q2 25 | $619.7M | $95.1M | ||
| Q1 25 | $399.0M | $116.3M | ||
| Q4 24 | $374.0M | $104.9M | ||
| Q3 24 | $396.3M | $136.6M | ||
| Q2 24 | $396.6M | $84.9M | ||
| Q1 24 | $373.8M | $152.0M |
| Q4 25 | $2.3B | $1.7B | ||
| Q3 25 | — | $1.7B | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $2.1B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $1.7B |
| Q4 25 | $10.6B | $113.3M | ||
| Q3 25 | $10.5B | $139.8M | ||
| Q2 25 | $10.4B | $151.8M | ||
| Q1 25 | $10.0B | $154.6M | ||
| Q4 24 | $9.7B | $201.7M | ||
| Q3 24 | $9.6B | $226.1M | ||
| Q2 24 | $9.3B | $283.8M | ||
| Q1 24 | $9.0B | $926.1M |
| Q4 25 | $16.1B | $2.7B | ||
| Q3 25 | $16.2B | $2.8B | ||
| Q2 25 | $15.3B | $2.8B | ||
| Q1 25 | $14.9B | $2.8B | ||
| Q4 24 | $14.6B | $2.8B | ||
| Q3 24 | $14.8B | $3.1B | ||
| Q2 24 | $14.8B | $3.1B | ||
| Q1 24 | $14.9B | $4.0B |
| Q4 25 | 0.21× | 14.89× | ||
| Q3 25 | — | 12.05× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.22× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 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 | $584.3M | — |
| Free Cash FlowOCF − Capex | $527.3M | — |
| FCF MarginFCF / Revenue | 26.4% | — |
| Capex IntensityCapex / Revenue | 2.9% | 1.3% |
| Cash ConversionOCF / Net Profit | 1.47× | — |
| TTM Free Cash FlowTrailing 4 quarters | $1.7B | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $584.3M | — | ||
| Q3 25 | $440.9M | $52.7M | ||
| Q2 25 | $359.1M | — | ||
| Q1 25 | $417.5M | $27.6M | ||
| Q4 24 | $550.0M | $-23.2M | ||
| Q3 24 | $487.2M | $51.2M | ||
| Q2 24 | $381.4M | $-45.2M | ||
| Q1 24 | $410.2M | $-51.7M |
| Q4 25 | $527.3M | — | ||
| Q3 25 | $420.0M | $48.6M | ||
| Q2 25 | $329.8M | — | ||
| Q1 25 | $394.5M | $15.7M | ||
| Q4 24 | $498.3M | $-30.5M | ||
| Q3 24 | $460.9M | $40.7M | ||
| Q2 24 | $360.0M | $-59.6M | ||
| Q1 24 | $382.6M | $-56.7M |
| Q4 25 | 26.4% | — | ||
| Q3 25 | 22.2% | 7.7% | ||
| Q2 25 | 18.5% | — | ||
| Q1 25 | 22.8% | 2.6% | ||
| Q4 24 | 28.3% | -4.8% | ||
| Q3 24 | 27.0% | 6.2% | ||
| Q2 24 | 20.8% | -9.3% | ||
| Q1 24 | 22.0% | -10.5% |
| Q4 25 | 2.9% | 1.3% | ||
| Q3 25 | 1.1% | 0.7% | ||
| Q2 25 | 1.6% | 0.8% | ||
| Q1 25 | 1.3% | 1.9% | ||
| Q4 24 | 2.9% | 1.1% | ||
| Q3 24 | 1.5% | 1.6% | ||
| Q2 24 | 1.2% | 2.2% | ||
| Q1 24 | 1.6% | 0.9% |
| Q4 25 | 1.47× | — | ||
| Q3 25 | 1.19× | — | ||
| Q2 25 | 1.00× | — | ||
| Q1 25 | 1.19× | — | ||
| Q4 24 | 1.42× | — | ||
| Q3 24 | 1.43× | — | ||
| Q2 24 | 1.13× | — | ||
| Q1 24 | 1.32× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AME
| Transferred At Point In Time | $1.1B | 54% |
| Electronic Instruments Group | $620.1M | 31% |
| Transferred Over Time | $294.6M | 15% |
FWRD
| Omni Logistics Segment | $359.8M | 57% |
| Network | $183.9M | 29% |
| Intermodal Segment | $50.2M | 8% |
| Truckload | $41.6M | 7% |
