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Side-by-side financial comparison of Bloomin' Brands, Inc. (BLMN) and FORWARD AIR CORP (FWRD). Click either name above to swap in a different company.
Bloomin' Brands, Inc. is the larger business by last-quarter revenue ($975.2M vs $631.2M, roughly 1.5× FORWARD AIR CORP). Bloomin' Brands, Inc. runs the higher net margin — -1.4% vs -4.5%, a 3.1% gap on every dollar of revenue. On growth, Bloomin' Brands, Inc. posted the faster year-over-year revenue change (0.3% vs -0.3%). Over the past eight quarters, FORWARD AIR CORP's revenue compounded faster (7.9% CAGR vs -4.5%).
Bloomin' Brands, Inc. is a restaurant holding company that owns several American casual dining restaurant chains. The company was established in 1988 in Tampa, Florida, where it is headquartered.
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.
BLMN vs FWRD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $975.2M | $631.2M |
| Net Profit | $-13.5M | $-28.3M |
| Gross Margin | 70.2% | — |
| Operating Margin | -1.4% | -0.5% |
| Net Margin | -1.4% | -4.5% |
| Revenue YoY | 0.3% | -0.3% |
| Net Profit YoY | 83.0% | 22.2% |
| EPS (diluted) | $-0.16 | $-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 | $975.2M | $631.2M | ||
| Q3 25 | $928.8M | $631.8M | ||
| Q2 25 | $1.0B | $618.8M | ||
| Q1 25 | $1.0B | $613.3M | ||
| Q4 24 | $972.0M | $632.8M | ||
| Q3 24 | $910.0M | $655.9M | ||
| Q2 24 | $999.4M | $643.7M | ||
| Q1 24 | $1.1B | $541.8M |
| Q4 25 | $-13.5M | $-28.3M | ||
| Q3 25 | $-45.9M | $-16.3M | ||
| Q2 25 | $25.4M | $-12.6M | ||
| Q1 25 | $42.2M | $-50.6M | ||
| Q4 24 | $-79.5M | $-36.4M | ||
| Q3 24 | $6.9M | $-73.4M | ||
| Q2 24 | $28.4M | $-645.4M | ||
| Q1 24 | $-83.9M | $-61.7M |
| Q4 25 | 70.2% | — | ||
| Q3 25 | 70.4% | — | ||
| Q2 25 | 70.2% | — | ||
| Q1 25 | 70.1% | — | ||
| Q4 24 | 71.6% | — | ||
| Q3 24 | 71.3% | — | ||
| Q2 24 | 70.5% | — | ||
| Q1 24 | 70.5% | — |
| Q4 25 | -1.4% | -0.5% | ||
| Q3 25 | -3.9% | 2.4% | ||
| Q2 25 | 3.0% | 3.2% | ||
| Q1 25 | 5.5% | 0.8% | ||
| Q4 24 | 1.7% | 12.0% | ||
| Q3 24 | 0.9% | 3.5% | ||
| Q2 24 | 4.4% | -170.2% | ||
| Q1 24 | 6.6% | -12.1% |
| Q4 25 | -1.4% | -4.5% | ||
| Q3 25 | -4.9% | -2.6% | ||
| Q2 25 | 2.5% | -2.0% | ||
| Q1 25 | 4.0% | -8.3% | ||
| Q4 24 | -8.2% | -5.8% | ||
| Q3 24 | 0.8% | -11.2% | ||
| Q2 24 | 2.8% | -100.3% | ||
| Q1 24 | -7.8% | -11.4% |
| Q4 25 | $-0.16 | $-0.90 | ||
| Q3 25 | $-0.54 | $-0.52 | ||
| Q2 25 | $0.30 | $-0.41 | ||
| Q1 25 | $0.50 | $-1.68 | ||
| Q4 24 | $-0.93 | $-1.69 | ||
| Q3 24 | $0.08 | $-2.66 | ||
| Q2 24 | $0.32 | $-23.47 | ||
| Q1 24 | $-0.96 | $-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 | $59.5M | $106.0M |
| Total DebtLower is stronger | $787.4M | $1.7B |
| Stockholders' EquityBook value | $333.6M | $113.3M |
| Total Assets | $3.2B | $2.7B |
| Debt / EquityLower = less leverage | 2.36× | 14.89× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $59.5M | $106.0M | ||
| Q3 25 | $66.5M | $140.4M | ||
| Q2 25 | $50.3M | $95.1M | ||
| Q1 25 | $57.7M | $116.3M | ||
| Q4 24 | $70.1M | $104.9M | ||
| Q3 24 | $83.6M | $136.6M | ||
| Q2 24 | $117.9M | $84.9M | ||
| Q1 24 | $131.7M | $152.0M |
| Q4 25 | $787.4M | $1.7B | ||
| Q3 25 | $962.2M | $1.7B | ||
| Q2 25 | $917.1M | — | ||
| Q1 25 | $917.6M | — | ||
| Q4 24 | $1.0B | — | ||
| Q3 24 | $1.1B | — | ||
| Q2 24 | $1.0B | — | ||
| Q1 24 | $951.8M | $1.7B |
| Q4 25 | $333.6M | $113.3M | ||
| Q3 25 | $344.1M | $139.8M | ||
| Q2 25 | $397.2M | $151.8M | ||
| Q1 25 | $380.6M | $154.6M | ||
| Q4 24 | $135.5M | $201.7M | ||
| Q3 24 | $242.1M | $226.1M | ||
| Q2 24 | $286.8M | $283.8M | ||
| Q1 24 | $302.7M | $926.1M |
| Q4 25 | $3.2B | $2.7B | ||
| Q3 25 | $3.3B | $2.8B | ||
| Q2 25 | $3.3B | $2.8B | ||
| Q1 25 | $3.3B | $2.8B | ||
| Q4 24 | $3.4B | $2.8B | ||
| Q3 24 | $3.4B | $3.1B | ||
| Q2 24 | $3.4B | $3.1B | ||
| Q1 24 | $3.4B | $4.0B |
| Q4 25 | 2.36× | 14.89× | ||
| Q3 25 | 2.80× | 12.05× | ||
| Q2 25 | 2.31× | — | ||
| Q1 25 | 2.41× | — | ||
| Q4 24 | 7.58× | — | ||
| Q3 24 | 4.51× | — | ||
| Q2 24 | 3.49× | — | ||
| Q1 24 | 3.14× | 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 | $119.1M | — |
| Free Cash FlowOCF − Capex | $63.7M | — |
| FCF MarginFCF / Revenue | 6.5% | — |
| Capex IntensityCapex / Revenue | 5.7% | 1.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $96.8M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $119.1M | — | ||
| Q3 25 | $34.4M | $52.7M | ||
| Q2 25 | $49.7M | — | ||
| Q1 25 | $73.5M | $27.6M | ||
| Q4 24 | $119.8M | $-23.2M | ||
| Q3 24 | $-7.8M | $51.2M | ||
| Q2 24 | $42.4M | $-45.2M | ||
| Q1 24 | $73.8M | $-51.7M |
| Q4 25 | $63.7M | — | ||
| Q3 25 | $-5.7M | $48.6M | ||
| Q2 25 | $11.1M | — | ||
| Q1 25 | $27.7M | $15.7M | ||
| Q4 24 | $66.7M | $-30.5M | ||
| Q3 24 | $-67.3M | $40.7M | ||
| Q2 24 | $-12.1M | $-59.6M | ||
| Q1 24 | $20.0M | $-56.7M |
| Q4 25 | 6.5% | — | ||
| Q3 25 | -0.6% | 7.7% | ||
| Q2 25 | 1.1% | — | ||
| Q1 25 | 2.6% | 2.6% | ||
| Q4 24 | 6.9% | -4.8% | ||
| Q3 24 | -7.4% | 6.2% | ||
| Q2 24 | -1.2% | -9.3% | ||
| Q1 24 | 1.9% | -10.5% |
| Q4 25 | 5.7% | 1.3% | ||
| Q3 25 | 4.3% | 0.7% | ||
| Q2 25 | 3.8% | 0.8% | ||
| Q1 25 | 4.4% | 1.9% | ||
| Q4 24 | 5.5% | 1.1% | ||
| Q3 24 | 6.5% | 1.6% | ||
| Q2 24 | 5.5% | 2.2% | ||
| Q1 24 | 5.0% | 0.9% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 1.95× | — | ||
| Q1 25 | 1.74× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -1.13× | — | ||
| Q2 24 | 1.49× | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BLMN
| Food And Beverage | $958.0M | 98% |
| Franchiseand Other Revenue | $17.2M | 2% |
| International Franchise Segment | $7.8M | 1% |
FWRD
| Omni Logistics Segment | $359.8M | 57% |
| Network | $183.9M | 29% |
| Intermodal Segment | $50.2M | 8% |
| Truckload | $41.6M | 7% |
