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Side-by-side financial comparison of BJs RESTAURANTS INC (BJRI) and FORWARD AIR CORP (FWRD). Click either name above to swap in a different company.
FORWARD AIR CORP is the larger business by last-quarter revenue ($631.2M vs $355.4M, roughly 1.8× BJs RESTAURANTS INC). BJs RESTAURANTS INC runs the higher net margin — 3.6% vs -4.5%, a 8.0% gap on every dollar of revenue. On growth, FORWARD AIR CORP posted the faster year-over-year revenue change (-0.3% vs -73.8%). Over the past eight quarters, FORWARD AIR CORP's revenue compounded faster (7.9% CAGR vs 2.6%).
BJ's Restaurants Inc. operates a chain of casual dining restaurants across the United States. Its menu features signature deep-dish pizzas, craft beers, handcrafted cocktails, and a wide range of American comfort food. The brand primarily serves family groups, friend gatherings, and casual diners seeking affordable, high-quality meals in a relaxed, welcoming in-store environment.
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.
BJRI vs FWRD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $355.4M | $631.2M |
| Net Profit | $12.6M | $-28.3M |
| Gross Margin | 74.5% | — |
| Operating Margin | — | -0.5% |
| Net Margin | 3.6% | -4.5% |
| Revenue YoY | -73.8% | -0.3% |
| Net Profit YoY | -24.2% | 22.2% |
| EPS (diluted) | $0.58 | $-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 | $355.4M | $631.2M | ||
| Q3 25 | $365.6M | $631.8M | ||
| Q2 25 | $348.0M | $618.8M | ||
| Q1 25 | — | $613.3M | ||
| Q4 24 | $325.7M | $632.8M | ||
| Q3 24 | $349.9M | $655.9M | ||
| Q2 24 | $337.3M | $643.7M | ||
| Q1 24 | — | $541.8M |
| Q4 25 | $12.6M | $-28.3M | ||
| Q3 25 | $22.2M | $-16.3M | ||
| Q2 25 | $13.5M | $-12.6M | ||
| Q1 25 | — | $-50.6M | ||
| Q4 24 | $-2.9M | $-36.4M | ||
| Q3 24 | $17.2M | $-73.4M | ||
| Q2 24 | $7.7M | $-645.4M | ||
| Q1 24 | — | $-61.7M |
| Q4 25 | 74.5% | — | ||
| Q3 25 | 75.2% | — | ||
| Q2 25 | 75.0% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 73.4% | — | ||
| Q3 24 | 74.3% | — | ||
| Q2 24 | 74.8% | — | ||
| Q1 24 | — | — |
| Q4 25 | — | -0.5% | ||
| Q3 25 | 5.8% | 2.4% | ||
| Q2 25 | 4.3% | 3.2% | ||
| Q1 25 | — | 0.8% | ||
| Q4 24 | -0.8% | 12.0% | ||
| Q3 24 | 3.8% | 3.5% | ||
| Q2 24 | 2.4% | -170.2% | ||
| Q1 24 | — | -12.1% |
| Q4 25 | 3.6% | -4.5% | ||
| Q3 25 | 6.1% | -2.6% | ||
| Q2 25 | 3.9% | -2.0% | ||
| Q1 25 | — | -8.3% | ||
| Q4 24 | -0.9% | -5.8% | ||
| Q3 24 | 4.9% | -11.2% | ||
| Q2 24 | 2.3% | -100.3% | ||
| Q1 24 | — | -11.4% |
| Q4 25 | $0.58 | $-0.90 | ||
| Q3 25 | $0.97 | $-0.52 | ||
| Q2 25 | $0.58 | $-0.41 | ||
| Q1 25 | — | $-1.68 | ||
| Q4 24 | $-0.13 | $-1.69 | ||
| Q3 24 | $0.72 | $-2.66 | ||
| Q2 24 | $0.32 | $-23.47 | ||
| Q1 24 | — | $-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 | $23.8M | $106.0M |
| Total DebtLower is stronger | — | $1.7B |
| Stockholders' EquityBook value | $366.2M | $113.3M |
| Total Assets | $1.0B | $2.7B |
| Debt / EquityLower = less leverage | — | 14.89× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $23.8M | $106.0M | ||
| Q3 25 | $26.0M | $140.4M | ||
| Q2 25 | $19.0M | $95.1M | ||
| Q1 25 | — | $116.3M | ||
| Q4 24 | $18.4M | $104.9M | ||
| Q3 24 | $16.2M | $136.6M | ||
| Q2 24 | $18.8M | $84.9M | ||
| Q1 24 | — | $152.0M |
| Q4 25 | — | $1.7B | ||
| Q3 25 | $60.5M | $1.7B | ||
| Q2 25 | $85.5M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $66.5M | — | ||
| Q3 24 | $63.5M | — | ||
| Q2 24 | $58.0M | — | ||
| Q1 24 | — | $1.7B |
| Q4 25 | $366.2M | $113.3M | ||
| Q3 25 | $386.6M | $139.8M | ||
| Q2 25 | $371.5M | $151.8M | ||
| Q1 25 | — | $154.6M | ||
| Q4 24 | $376.2M | $201.7M | ||
| Q3 24 | $386.5M | $226.1M | ||
| Q2 24 | $375.4M | $283.8M | ||
| Q1 24 | — | $926.1M |
| Q4 25 | $1.0B | $2.7B | ||
| Q3 25 | $1.0B | $2.8B | ||
| Q2 25 | $1.0B | $2.8B | ||
| Q1 25 | — | $2.8B | ||
| Q4 24 | $1.0B | $2.8B | ||
| Q3 24 | $1.0B | $3.1B | ||
| Q2 24 | $1.0B | $3.1B | ||
| Q1 24 | — | $4.0B |
| Q4 25 | — | 14.89× | ||
| Q3 25 | 0.16× | 12.05× | ||
| Q2 25 | 0.23× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.18× | — | ||
| Q3 24 | 0.16× | — | ||
| Q2 24 | 0.15× | — | ||
| Q1 24 | — | 1.81× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BJRI
Segment breakdown not available.
FWRD
| Omni Logistics Segment | $359.8M | 57% |
| Network | $183.9M | 29% |
| Intermodal Segment | $50.2M | 8% |
| Truckload | $41.6M | 7% |
