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Side-by-side financial comparison of BRIGHT HORIZONS FAMILY SOLUTIONS INC. (BFAM) and FORWARD AIR CORP (FWRD). Click either name above to swap in a different company.
BRIGHT HORIZONS FAMILY SOLUTIONS INC. is the larger business by last-quarter revenue ($733.7M vs $631.2M, roughly 1.2× FORWARD AIR CORP). On growth, BRIGHT HORIZONS FAMILY SOLUTIONS INC. posted the faster year-over-year revenue change (8.8% vs -0.3%). Over the past eight quarters, BRIGHT HORIZONS FAMILY SOLUTIONS INC.'s revenue compounded faster (8.5% CAGR vs 7.9%).
Bright Horizons Family Solutions Inc. is a United States–based child-care provider and is the largest provider of employer-sponsored child care. It also provides back-up child care and elder care, tuition program management, education advising, and student loan repayment programs. It is headquartered in Newton, Massachusetts.
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.
BFAM vs FWRD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $733.7M | $631.2M |
| Net Profit | — | $-28.3M |
| Gross Margin | 19.3% | — |
| Operating Margin | 6.2% | -0.5% |
| Net Margin | — | -4.5% |
| Revenue YoY | 8.8% | -0.3% |
| Net Profit YoY | — | 22.2% |
| EPS (diluted) | $0.38 | $-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 | $733.7M | $631.2M | ||
| Q3 25 | $802.8M | $631.8M | ||
| Q2 25 | $731.6M | $618.8M | ||
| Q1 25 | $665.5M | $613.3M | ||
| Q4 24 | $674.1M | $632.8M | ||
| Q3 24 | $719.1M | $655.9M | ||
| Q2 24 | $670.1M | $643.7M | ||
| Q1 24 | $622.7M | $541.8M |
| Q4 25 | — | $-28.3M | ||
| Q3 25 | $78.6M | $-16.3M | ||
| Q2 25 | $54.8M | $-12.6M | ||
| Q1 25 | $38.0M | $-50.6M | ||
| Q4 24 | — | $-36.4M | ||
| Q3 24 | $54.9M | $-73.4M | ||
| Q2 24 | $39.2M | $-645.4M | ||
| Q1 24 | $17.0M | $-61.7M |
| Q4 25 | 19.3% | — | ||
| Q3 25 | 27.0% | — | ||
| Q2 25 | 25.0% | — | ||
| Q1 25 | 23.4% | — | ||
| Q4 24 | 20.8% | — | ||
| Q3 24 | 25.2% | — | ||
| Q2 24 | 24.2% | — | ||
| Q1 24 | 21.7% | — |
| Q4 25 | 6.2% | -0.5% | ||
| Q3 25 | 15.1% | 2.4% | ||
| Q2 25 | 11.8% | 3.2% | ||
| Q1 25 | 9.4% | 0.8% | ||
| Q4 24 | 7.2% | 12.0% | ||
| Q3 24 | 12.4% | 3.5% | ||
| Q2 24 | 10.3% | -170.2% | ||
| Q1 24 | 6.4% | -12.1% |
| Q4 25 | — | -4.5% | ||
| Q3 25 | 9.8% | -2.6% | ||
| Q2 25 | 7.5% | -2.0% | ||
| Q1 25 | 5.7% | -8.3% | ||
| Q4 24 | — | -5.8% | ||
| Q3 24 | 7.6% | -11.2% | ||
| Q2 24 | 5.8% | -100.3% | ||
| Q1 24 | 2.7% | -11.4% |
| Q4 25 | $0.38 | $-0.90 | ||
| Q3 25 | $1.37 | $-0.52 | ||
| Q2 25 | $0.95 | $-0.41 | ||
| Q1 25 | $0.66 | $-1.68 | ||
| Q4 24 | $0.50 | $-1.69 | ||
| Q3 24 | $0.94 | $-2.66 | ||
| Q2 24 | $0.67 | $-23.47 | ||
| Q1 24 | $0.29 | $-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 | $140.1M | $106.0M |
| Total DebtLower is stronger | $747.6M | $1.7B |
| Stockholders' EquityBook value | $1.3B | $113.3M |
| Total Assets | $3.9B | $2.7B |
| Debt / EquityLower = less leverage | 0.56× | 14.89× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $140.1M | $106.0M | ||
| Q3 25 | $116.6M | $140.4M | ||
| Q2 25 | $179.2M | $95.1M | ||
| Q1 25 | $112.0M | $116.3M | ||
| Q4 24 | $110.3M | $104.9M | ||
| Q3 24 | $109.9M | $136.6M | ||
| Q2 24 | $140.2M | $84.9M | ||
| Q1 24 | $63.7M | $152.0M |
| Q4 25 | $747.6M | $1.7B | ||
| Q3 25 | $747.5M | $1.7B | ||
| Q2 25 | $797.0M | — | ||
| Q1 25 | $872.7M | — | ||
| Q4 24 | $918.4M | — | ||
| Q3 24 | $925.7M | — | ||
| Q2 24 | $931.9M | — | ||
| Q1 24 | $938.1M | $1.7B |
| Q4 25 | $1.3B | $113.3M | ||
| Q3 25 | $1.4B | $139.8M | ||
| Q2 25 | $1.4B | $151.8M | ||
| Q1 25 | $1.3B | $154.6M | ||
| Q4 24 | $1.3B | $201.7M | ||
| Q3 24 | $1.4B | $226.1M | ||
| Q2 24 | $1.3B | $283.8M | ||
| Q1 24 | $1.2B | $926.1M |
| Q4 25 | $3.9B | $2.7B | ||
| Q3 25 | $3.9B | $2.8B | ||
| Q2 25 | $3.9B | $2.8B | ||
| Q1 25 | $3.8B | $2.8B | ||
| Q4 24 | $3.9B | $2.8B | ||
| Q3 24 | $3.9B | $3.1B | ||
| Q2 24 | $3.8B | $3.1B | ||
| Q1 24 | $3.8B | $4.0B |
| Q4 25 | 0.56× | 14.89× | ||
| Q3 25 | 0.52× | 12.05× | ||
| Q2 25 | 0.57× | — | ||
| Q1 25 | 0.66× | — | ||
| Q4 24 | 0.72× | — | ||
| Q3 24 | 0.66× | — | ||
| Q2 24 | 0.73× | — | ||
| Q1 24 | 0.76× | 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 | $350.7M | — |
| Free Cash FlowOCF − Capex | $258.5M | — |
| FCF MarginFCF / Revenue | 35.2% | — |
| Capex IntensityCapex / Revenue | 12.6% | 1.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $402.4M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $350.7M | — | ||
| Q3 25 | $-17.6M | $52.7M | ||
| Q2 25 | $134.2M | — | ||
| Q1 25 | $86.2M | $27.6M | ||
| Q4 24 | $337.5M | $-23.2M | ||
| Q3 24 | $-8.9M | $51.2M | ||
| Q2 24 | $109.4M | $-45.2M | ||
| Q1 24 | $116.3M | $-51.7M |
| Q4 25 | $258.5M | — | ||
| Q3 25 | $-42.4M | $48.6M | ||
| Q2 25 | $115.4M | — | ||
| Q1 25 | $70.9M | $15.7M | ||
| Q4 24 | $240.2M | $-30.5M | ||
| Q3 24 | $-32.2M | $40.7M | ||
| Q2 24 | $86.8M | $-59.6M | ||
| Q1 24 | $96.9M | $-56.7M |
| Q4 25 | 35.2% | — | ||
| Q3 25 | -5.3% | 7.7% | ||
| Q2 25 | 15.8% | — | ||
| Q1 25 | 10.7% | 2.6% | ||
| Q4 24 | 35.6% | -4.8% | ||
| Q3 24 | -4.5% | 6.2% | ||
| Q2 24 | 13.0% | -9.3% | ||
| Q1 24 | 15.6% | -10.5% |
| Q4 25 | 12.6% | 1.3% | ||
| Q3 25 | 3.1% | 0.7% | ||
| Q2 25 | 2.6% | 0.8% | ||
| Q1 25 | 2.3% | 1.9% | ||
| Q4 24 | 14.4% | 1.1% | ||
| Q3 24 | 3.2% | 1.6% | ||
| Q2 24 | 3.4% | 2.2% | ||
| Q1 24 | 3.1% | 0.9% |
| Q4 25 | — | — | ||
| Q3 25 | -0.22× | — | ||
| Q2 25 | 2.45× | — | ||
| Q1 25 | 2.26× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -0.16× | — | ||
| Q2 24 | 2.79× | — | ||
| Q1 24 | 6.85× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BFAM
Segment breakdown not available.
FWRD
| Omni Logistics Segment | $359.8M | 57% |
| Network | $183.9M | 29% |
| Intermodal Segment | $50.2M | 8% |
| Truckload | $41.6M | 7% |
