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Side-by-side financial comparison of Coeur Mining, Inc. (CDE) and FORWARD AIR CORP (FWRD). Click either name above to swap in a different company.

Coeur Mining, Inc. is the larger business by last-quarter revenue ($674.8M vs $631.2M, roughly 1.1× FORWARD AIR CORP). Coeur Mining, Inc. runs the higher net margin — 31.9% vs -4.5%, a 36.3% gap on every dollar of revenue. On growth, Coeur Mining, Inc. posted the faster year-over-year revenue change (120.9% vs -0.3%). Over the past eight quarters, Coeur Mining, Inc.'s revenue compounded faster (78.0% CAGR vs 7.9%).

Coeur Mining, Inc. is a precious metals mining company listed on the New York Stock exchange. It operates five mines located in North America. Coeur employs 2,200 people and in 2012 it was the world's 9th largest silver producer. In 2013 the company changed its name to Coeur Mining, Inc. from Coeur d'Alene Mines and moved its head office to Chicago, Illinois from Coeur d'Alene, Idaho.

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.

CDE vs FWRD — Head-to-Head

Bigger by revenue
CDE
CDE
1.1× larger
CDE
$674.8M
$631.2M
FWRD
Growing faster (revenue YoY)
CDE
CDE
+121.2% gap
CDE
120.9%
-0.3%
FWRD
Higher net margin
CDE
CDE
36.3% more per $
CDE
31.9%
-4.5%
FWRD
Faster 2-yr revenue CAGR
CDE
CDE
Annualised
CDE
78.0%
7.9%
FWRD

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CDE
CDE
FWRD
FWRD
Revenue
$674.8M
$631.2M
Net Profit
$215.0M
$-28.3M
Gross Margin
Operating Margin
48.6%
-0.5%
Net Margin
31.9%
-4.5%
Revenue YoY
120.9%
-0.3%
Net Profit YoY
467.9%
22.2%
EPS (diluted)
$0.37
$-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.

Revenue
CDE
CDE
FWRD
FWRD
Q4 25
$674.8M
$631.2M
Q3 25
$554.6M
$631.8M
Q2 25
$480.6M
$618.8M
Q1 25
$360.1M
$613.3M
Q4 24
$305.4M
$632.8M
Q3 24
$313.5M
$655.9M
Q2 24
$222.0M
$643.7M
Q1 24
$213.1M
$541.8M
Net Profit
CDE
CDE
FWRD
FWRD
Q4 25
$215.0M
$-28.3M
Q3 25
$266.8M
$-16.3M
Q2 25
$70.7M
$-12.6M
Q1 25
$33.4M
$-50.6M
Q4 24
$37.9M
$-36.4M
Q3 24
$48.7M
$-73.4M
Q2 24
$1.4M
$-645.4M
Q1 24
$-29.1M
$-61.7M
Operating Margin
CDE
CDE
FWRD
FWRD
Q4 25
48.6%
-0.5%
Q3 25
31.9%
2.4%
Q2 25
29.1%
3.2%
Q1 25
17.3%
0.8%
Q4 24
21.8%
12.0%
Q3 24
26.9%
3.5%
Q2 24
7.5%
-170.2%
Q1 24
-1.6%
-12.1%
Net Margin
CDE
CDE
FWRD
FWRD
Q4 25
31.9%
-4.5%
Q3 25
48.1%
-2.6%
Q2 25
14.7%
-2.0%
Q1 25
9.3%
-8.3%
Q4 24
12.4%
-5.8%
Q3 24
15.5%
-11.2%
Q2 24
0.6%
-100.3%
Q1 24
-13.7%
-11.4%
EPS (diluted)
CDE
CDE
FWRD
FWRD
Q4 25
$0.37
$-0.90
Q3 25
$0.41
$-0.52
Q2 25
$0.11
$-0.41
Q1 25
$0.06
$-1.68
Q4 24
$0.11
$-1.69
Q3 24
$0.12
$-2.66
Q2 24
$0.00
$-23.47
Q1 24
$-0.08
$-2.81

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CDE
CDE
FWRD
FWRD
Cash + ST InvestmentsLiquidity on hand
$553.6M
$106.0M
Total DebtLower is stronger
$1.7B
Stockholders' EquityBook value
$3.3B
$113.3M
Total Assets
$4.7B
$2.7B
Debt / EquityLower = less leverage
14.89×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CDE
CDE
FWRD
FWRD
Q4 25
$553.6M
$106.0M
Q3 25
$266.3M
$140.4M
Q2 25
$111.6M
$95.1M
Q1 25
$77.6M
$116.3M
Q4 24
$55.1M
$104.9M
Q3 24
$76.9M
$136.6M
Q2 24
$74.1M
$84.9M
Q1 24
$67.5M
$152.0M
Total Debt
CDE
CDE
FWRD
FWRD
Q4 25
$1.7B
Q3 25
$1.7B
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
$1.7B
Stockholders' Equity
CDE
CDE
FWRD
FWRD
Q4 25
$3.3B
$113.3M
Q3 25
$3.1B
$139.8M
Q2 25
$2.8B
$151.8M
Q1 25
$2.7B
$154.6M
Q4 24
$1.1B
$201.7M
Q3 24
$1.1B
$226.1M
Q2 24
$1.0B
$283.8M
Q1 24
$1.0B
$926.1M
Total Assets
CDE
CDE
FWRD
FWRD
Q4 25
$4.7B
$2.7B
Q3 25
$4.5B
$2.8B
Q2 25
$4.2B
$2.8B
Q1 25
$4.1B
$2.8B
Q4 24
$2.3B
$2.8B
Q3 24
$2.2B
$3.1B
Q2 24
$2.1B
$3.1B
Q1 24
$2.1B
$4.0B
Debt / Equity
CDE
CDE
FWRD
FWRD
Q4 25
14.89×
Q3 25
12.05×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
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
CDE
CDE
FWRD
FWRD
Operating Cash FlowLast quarter
$374.6M
Free Cash FlowOCF − Capex
$313.3M
FCF MarginFCF / Revenue
46.4%
Capex IntensityCapex / Revenue
9.1%
1.3%
Cash ConversionOCF / Net Profit
1.74×
TTM Free Cash FlowTrailing 4 quarters
$665.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CDE
CDE
FWRD
FWRD
Q4 25
$374.6M
Q3 25
$237.7M
$52.7M
Q2 25
$207.0M
Q1 25
$67.6M
$27.6M
Q4 24
$63.8M
$-23.2M
Q3 24
$111.1M
$51.2M
Q2 24
$15.2M
$-45.2M
Q1 24
$-15.9M
$-51.7M
Free Cash Flow
CDE
CDE
FWRD
FWRD
Q4 25
$313.3M
Q3 25
$188.7M
$48.6M
Q2 25
$146.1M
Q1 25
$17.6M
$15.7M
Q4 24
$16.1M
$-30.5M
Q3 24
$69.1M
$40.7M
Q2 24
$-36.2M
$-59.6M
Q1 24
$-58.0M
$-56.7M
FCF Margin
CDE
CDE
FWRD
FWRD
Q4 25
46.4%
Q3 25
34.0%
7.7%
Q2 25
30.4%
Q1 25
4.9%
2.6%
Q4 24
5.3%
-4.8%
Q3 24
22.0%
6.2%
Q2 24
-16.3%
-9.3%
Q1 24
-27.2%
-10.5%
Capex Intensity
CDE
CDE
FWRD
FWRD
Q4 25
9.1%
1.3%
Q3 25
8.8%
0.7%
Q2 25
12.7%
0.8%
Q1 25
13.9%
1.9%
Q4 24
15.6%
1.1%
Q3 24
13.4%
1.6%
Q2 24
23.2%
2.2%
Q1 24
19.8%
0.9%
Cash Conversion
CDE
CDE
FWRD
FWRD
Q4 25
1.74×
Q3 25
0.89×
Q2 25
2.93×
Q1 25
2.03×
Q4 24
1.69×
Q3 24
2.28×
Q2 24
10.69×
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CDE
CDE

Segment breakdown not available.

FWRD
FWRD

Omni Logistics Segment$359.8M57%
Network$183.9M29%
Intermodal Segment$50.2M8%
Truckload$41.6M7%

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