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Side-by-side financial comparison of BRINKS CO (BCO) and FORWARD AIR CORP (FWRD). Click either name above to swap in a different company.
BRINKS CO is the larger business by last-quarter revenue ($1.4B vs $631.2M, roughly 2.2× FORWARD AIR CORP). BRINKS CO runs the higher net margin — 4.9% vs -4.5%, a 9.4% gap on every dollar of revenue. On growth, BRINKS CO posted the faster year-over-year revenue change (9.1% vs -0.3%). Over the past eight quarters, FORWARD AIR CORP's revenue compounded faster (7.9% CAGR vs 5.6%).
The Brink's Company is an American cash handling company, headquartered in Richmond, Virginia. Its operations include cash-in-transit, ATM replenishment & maintenance, and cash management & payment services, such as vault outsourcing, money processing, intelligent safe services, and international transportation of valuables.
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.
BCO vs FWRD — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $631.2M |
| Net Profit | $68.1M | $-28.3M |
| Gross Margin | 27.7% | — |
| Operating Margin | 13.1% | -0.5% |
| Net Margin | 4.9% | -4.5% |
| Revenue YoY | 9.1% | -0.3% |
| Net Profit YoY | 76.9% | 22.2% |
| EPS (diluted) | $1.62 | $-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 | $1.4B | $631.2M | ||
| Q3 25 | $1.3B | $631.8M | ||
| Q2 25 | $1.3B | $618.8M | ||
| Q1 25 | $1.2B | $613.3M | ||
| Q4 24 | $1.3B | $632.8M | ||
| Q3 24 | $1.3B | $655.9M | ||
| Q2 24 | $1.3B | $643.7M | ||
| Q1 24 | $1.2B | $541.8M |
| Q4 25 | $68.1M | $-28.3M | ||
| Q3 25 | $36.3M | $-16.3M | ||
| Q2 25 | $43.7M | $-12.6M | ||
| Q1 25 | $51.6M | $-50.6M | ||
| Q4 24 | $38.5M | $-36.4M | ||
| Q3 24 | $28.9M | $-73.4M | ||
| Q2 24 | $46.2M | $-645.4M | ||
| Q1 24 | $49.3M | $-61.7M |
| Q4 25 | 27.7% | — | ||
| Q3 25 | 25.8% | — | ||
| Q2 25 | 24.9% | — | ||
| Q1 25 | 24.6% | — | ||
| Q4 24 | 26.1% | — | ||
| Q3 24 | 25.0% | — | ||
| Q2 24 | 25.2% | — | ||
| Q1 24 | 25.0% | — |
| Q4 25 | 13.1% | -0.5% | ||
| Q3 25 | 11.4% | 2.4% | ||
| Q2 25 | 10.3% | 3.2% | ||
| Q1 25 | 9.6% | 0.8% | ||
| Q4 24 | 8.3% | 12.0% | ||
| Q3 24 | 8.9% | 3.5% | ||
| Q2 24 | 9.3% | -170.2% | ||
| Q1 24 | 9.8% | -12.1% |
| Q4 25 | 4.9% | -4.5% | ||
| Q3 25 | 2.7% | -2.6% | ||
| Q2 25 | 3.4% | -2.0% | ||
| Q1 25 | 4.1% | -8.3% | ||
| Q4 24 | 3.0% | -5.8% | ||
| Q3 24 | 2.3% | -11.2% | ||
| Q2 24 | 3.7% | -100.3% | ||
| Q1 24 | 4.0% | -11.4% |
| Q4 25 | $1.62 | $-0.90 | ||
| Q3 25 | $0.86 | $-0.52 | ||
| Q2 25 | $1.03 | $-0.41 | ||
| Q1 25 | $1.18 | $-1.68 | ||
| Q4 24 | $0.87 | $-1.69 | ||
| Q3 24 | $0.65 | $-2.66 | ||
| Q2 24 | $1.02 | $-23.47 | ||
| Q1 24 | $1.09 | $-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 | $1.7B | $106.0M |
| Total DebtLower is stronger | $4.0B | $1.7B |
| Stockholders' EquityBook value | $277.7M | $113.3M |
| Total Assets | $7.3B | $2.7B |
| Debt / EquityLower = less leverage | 14.31× | 14.89× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.7B | $106.0M | ||
| Q3 25 | $1.3B | $140.4M | ||
| Q2 25 | $1.4B | $95.1M | ||
| Q1 25 | $1.2B | $116.3M | ||
| Q4 24 | $1.4B | $104.9M | ||
| Q3 24 | $1.2B | $136.6M | ||
| Q2 24 | $1.2B | $84.9M | ||
| Q1 24 | $1.1B | $152.0M |
| Q4 25 | $4.0B | $1.7B | ||
| Q3 25 | $3.8B | $1.7B | ||
| Q2 25 | $3.9B | — | ||
| Q1 25 | $3.7B | — | ||
| Q4 24 | $3.7B | — | ||
| Q3 24 | $3.7B | — | ||
| Q2 24 | $3.6B | — | ||
| Q1 24 | $3.4B | $1.7B |
| Q4 25 | $277.7M | $113.3M | ||
| Q3 25 | $268.5M | $139.8M | ||
| Q2 25 | $254.6M | $151.8M | ||
| Q1 25 | $205.8M | $154.6M | ||
| Q4 24 | $184.9M | $201.7M | ||
| Q3 24 | $277.1M | $226.1M | ||
| Q2 24 | $320.5M | $283.8M | ||
| Q1 24 | $396.4M | $926.1M |
| Q4 25 | $7.3B | $2.7B | ||
| Q3 25 | $7.0B | $2.8B | ||
| Q2 25 | $7.1B | $2.8B | ||
| Q1 25 | $6.6B | $2.8B | ||
| Q4 24 | $6.6B | $2.8B | ||
| Q3 24 | $6.7B | $3.1B | ||
| Q2 24 | $6.6B | $3.1B | ||
| Q1 24 | $6.7B | $4.0B |
| Q4 25 | 14.31× | 14.89× | ||
| Q3 25 | 14.05× | 12.05× | ||
| Q2 25 | 15.48× | — | ||
| Q1 25 | 18.19× | — | ||
| Q4 24 | 20.26× | — | ||
| Q3 24 | 13.39× | — | ||
| Q2 24 | 11.26× | — | ||
| Q1 24 | 8.67× | 1.81× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BCO
Segment breakdown not available.
FWRD
| Omni Logistics Segment | $359.8M | 57% |
| Network | $183.9M | 29% |
| Intermodal Segment | $50.2M | 8% |
| Truckload | $41.6M | 7% |
