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Side-by-side financial comparison of Bloom Energy Corp (BE) and FORWARD AIR CORP (FWRD). Click either name above to swap in a different company.
Bloom Energy Corp is the larger business by last-quarter revenue ($751.1M vs $631.2M, roughly 1.2× FORWARD AIR CORP). Bloom Energy Corp runs the higher net margin — 9.4% vs -4.5%, a 13.9% gap on every dollar of revenue. On growth, FORWARD AIR CORP posted the faster year-over-year revenue change (-0.3% vs -3.4%). Over the past eight quarters, Bloom Energy Corp's revenue compounded faster (51.7% CAGR vs 7.9%).
KR Sridhar is an Indian American engineer, inventor, professor, and entrepreneur. He is the founder, chairman, and chief executive officer (CEO) of Bloom Energy. Prior, Sridhar was a professor of Aerospace and Mechanical Engineering and the Director of the Space Technologies Laboratory (STL) at the University of Arizona. He worked with and advised NASA, and is a member of the National Academy of Engineering.
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.
BE vs FWRD — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $751.1M | $631.2M |
| Net Profit | $70.7M | $-28.3M |
| Gross Margin | 30.0% | — |
| Operating Margin | 17.3% | -0.5% |
| Net Margin | 9.4% | -4.5% |
| Revenue YoY | -3.4% | -0.3% |
| Net Profit YoY | 396.7% | 22.2% |
| EPS (diluted) | $0.44 | $-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 | $751.1M | — | ||
| Q4 25 | $772.8M | $631.2M | ||
| Q3 25 | $513.3M | $631.8M | ||
| Q2 25 | $396.3M | $618.8M | ||
| Q1 25 | $319.3M | $613.3M | ||
| Q4 24 | $567.0M | $632.8M | ||
| Q3 24 | $321.8M | $655.9M | ||
| Q2 24 | $326.5M | $643.7M |
| Q1 26 | $70.7M | — | ||
| Q4 25 | $1.4M | $-28.3M | ||
| Q3 25 | $-23.0M | $-16.3M | ||
| Q2 25 | $-42.2M | $-12.6M | ||
| Q1 25 | $-23.4M | $-50.6M | ||
| Q4 24 | $105.2M | $-36.4M | ||
| Q3 24 | $-14.6M | $-73.4M | ||
| Q2 24 | $-61.2M | $-645.4M |
| Q1 26 | 30.0% | — | ||
| Q4 25 | 31.0% | — | ||
| Q3 25 | 29.5% | — | ||
| Q2 25 | 27.0% | — | ||
| Q1 25 | 27.8% | — | ||
| Q4 24 | 38.7% | — | ||
| Q3 24 | 24.5% | — | ||
| Q2 24 | 21.0% | — |
| Q1 26 | 17.3% | — | ||
| Q4 25 | 11.3% | -0.5% | ||
| Q3 25 | 1.5% | 2.4% | ||
| Q2 25 | -0.9% | 3.2% | ||
| Q1 25 | -6.0% | 0.8% | ||
| Q4 24 | 18.5% | 12.0% | ||
| Q3 24 | -3.0% | 3.5% | ||
| Q2 24 | -7.1% | -170.2% |
| Q1 26 | 9.4% | — | ||
| Q4 25 | 0.2% | -4.5% | ||
| Q3 25 | -4.5% | -2.6% | ||
| Q2 25 | -10.6% | -2.0% | ||
| Q1 25 | -7.3% | -8.3% | ||
| Q4 24 | 18.5% | -5.8% | ||
| Q3 24 | -4.5% | -11.2% | ||
| Q2 24 | -18.7% | -100.3% |
| Q1 26 | $0.44 | — | ||
| Q4 25 | $99.91 | $-0.90 | ||
| Q3 25 | $-100.00 | $-0.52 | ||
| Q2 25 | $-0.18 | $-0.41 | ||
| Q1 25 | $-0.10 | $-1.68 | ||
| Q4 24 | $0.45 | $-1.69 | ||
| Q3 24 | $-0.06 | $-2.66 | ||
| Q2 24 | $-0.27 | $-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 | $948.0K | $113.3M |
| Total Assets | $4.7B | $2.7B |
| Debt / EquityLower = less leverage | — | 14.89× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $2.5B | $106.0M | ||
| Q3 25 | $595.1M | $140.4M | ||
| Q2 25 | $574.8M | $95.1M | ||
| Q1 25 | $794.8M | $116.3M | ||
| Q4 24 | $802.9M | $104.9M | ||
| Q3 24 | $495.7M | $136.6M | ||
| Q2 24 | $581.7M | $84.9M |
| Q1 26 | — | — | ||
| Q4 25 | $2.6B | $1.7B | ||
| Q3 25 | $1.1B | $1.7B | ||
| Q2 25 | $1.1B | — | ||
| Q1 25 | $1.1B | — | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $1.1B | — | ||
| Q2 24 | $1.1B | — |
| Q1 26 | $948.0K | — | ||
| Q4 25 | $768.6M | $113.3M | ||
| Q3 25 | $653.1M | $139.8M | ||
| Q2 25 | $594.6M | $151.8M | ||
| Q1 25 | $578.3M | $154.6M | ||
| Q4 24 | $562.5M | $201.7M | ||
| Q3 24 | $430.9M | $226.1M | ||
| Q2 24 | $423.3M | $283.8M |
| Q1 26 | $4.7B | — | ||
| Q4 25 | $4.4B | $2.7B | ||
| Q3 25 | $2.6B | $2.8B | ||
| Q2 25 | $2.5B | $2.8B | ||
| Q1 25 | $2.6B | $2.8B | ||
| Q4 24 | $2.7B | $2.8B | ||
| Q3 24 | $2.6B | $3.1B | ||
| Q2 24 | $2.5B | $3.1B |
| Q1 26 | — | — | ||
| Q4 25 | 3.41× | 14.89× | ||
| Q3 25 | 1.73× | 12.05× | ||
| Q2 25 | 1.91× | — | ||
| Q1 25 | 1.96× | — | ||
| Q4 24 | 2.01× | — | ||
| Q3 24 | 2.62× | — | ||
| Q2 24 | 2.66× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BE
| Product | $653.3M | 87% |
| Service | $61.9M | 8% |
| Installation | $25.9M | 3% |
| Electricity | $9.9M | 1% |
FWRD
| Omni Logistics Segment | $359.8M | 57% |
| Network | $183.9M | 29% |
| Intermodal Segment | $50.2M | 8% |
| Truckload | $41.6M | 7% |
