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Side-by-side financial comparison of CENTURY ALUMINUM CO (CENX) and FORWARD AIR CORP (FWRD). Click either name above to swap in a different company.
CENTURY ALUMINUM CO is the larger business by last-quarter revenue ($633.7M vs $631.2M, roughly 1.0× FORWARD AIR CORP). CENTURY ALUMINUM CO runs the higher net margin — 0.3% vs -4.5%, a 4.8% gap on every dollar of revenue. On growth, CENTURY ALUMINUM CO posted the faster year-over-year revenue change (0.4% vs -0.3%). Over the past eight quarters, CENTURY ALUMINUM CO's revenue compounded faster (13.8% CAGR vs 7.9%).
Century Aluminum Company is a US-based producer of primary aluminum, with aluminum plants in Kentucky, South Carolina and Iceland. It is the largest producer of primary aluminum in the United States. The company is a publicly held corporation listed on the NASDAQ. The headquarters is at One South Wacker in Chicago.
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.
CENX vs FWRD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $633.7M | $631.2M |
| Net Profit | $1.8M | $-28.3M |
| Gross Margin | 13.0% | — |
| Operating Margin | 5.2% | -0.5% |
| Net Margin | 0.3% | -4.5% |
| Revenue YoY | 0.4% | -0.3% |
| Net Profit YoY | -96.0% | 22.2% |
| EPS (diluted) | $0.03 | $-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 | $633.7M | $631.2M | ||
| Q3 25 | $632.2M | $631.8M | ||
| Q2 25 | $628.1M | $618.8M | ||
| Q1 25 | $633.9M | $613.3M | ||
| Q4 24 | $630.9M | $632.8M | ||
| Q3 24 | $539.1M | $655.9M | ||
| Q2 24 | $560.8M | $643.7M | ||
| Q1 24 | $489.5M | $541.8M |
| Q4 25 | $1.8M | $-28.3M | ||
| Q3 25 | $14.9M | $-16.3M | ||
| Q2 25 | $-4.6M | $-12.6M | ||
| Q1 25 | $29.7M | $-50.6M | ||
| Q4 24 | $45.2M | $-36.4M | ||
| Q3 24 | $47.3M | $-73.4M | ||
| Q2 24 | $-2.5M | $-645.4M | ||
| Q1 24 | $246.8M | $-61.7M |
| Q4 25 | 13.0% | — | ||
| Q3 25 | 12.2% | — | ||
| Q2 25 | 5.8% | — | ||
| Q1 25 | 9.6% | — | ||
| Q4 24 | 10.5% | — | ||
| Q3 24 | 15.2% | — | ||
| Q2 24 | 3.6% | — | ||
| Q1 24 | 3.4% | — |
| Q4 25 | 5.2% | -0.5% | ||
| Q3 25 | 9.2% | 2.4% | ||
| Q2 25 | 3.3% | 3.2% | ||
| Q1 25 | 7.3% | 0.8% | ||
| Q4 24 | 7.8% | 12.0% | ||
| Q3 24 | 11.8% | 3.5% | ||
| Q2 24 | 1.1% | -170.2% | ||
| Q1 24 | 0.4% | -12.1% |
| Q4 25 | 0.3% | -4.5% | ||
| Q3 25 | 2.4% | -2.6% | ||
| Q2 25 | -0.7% | -2.0% | ||
| Q1 25 | 4.7% | -8.3% | ||
| Q4 24 | 7.2% | -5.8% | ||
| Q3 24 | 8.8% | -11.2% | ||
| Q2 24 | -0.4% | -100.3% | ||
| Q1 24 | 50.4% | -11.4% |
| Q4 25 | $0.03 | $-0.90 | ||
| Q3 25 | $0.15 | $-0.52 | ||
| Q2 25 | $-0.05 | $-0.41 | ||
| Q1 25 | $0.29 | $-1.68 | ||
| Q4 24 | $0.58 | $-1.69 | ||
| Q3 24 | $0.46 | $-2.66 | ||
| Q2 24 | $-0.03 | $-23.47 | ||
| Q1 24 | $2.26 | $-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 | $134.2M | $106.0M |
| Total DebtLower is stronger | — | $1.7B |
| Stockholders' EquityBook value | $805.6M | $113.3M |
| Total Assets | $2.3B | $2.7B |
| Debt / EquityLower = less leverage | — | 14.89× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $134.2M | $106.0M | ||
| Q3 25 | $151.4M | $140.4M | ||
| Q2 25 | $40.7M | $95.1M | ||
| Q1 25 | $44.9M | $116.3M | ||
| Q4 24 | $32.9M | $104.9M | ||
| Q3 24 | — | $136.6M | ||
| Q2 24 | $41.3M | $84.9M | ||
| Q1 24 | $93.5M | $152.0M |
| Q4 25 | — | $1.7B | ||
| Q3 25 | — | $1.7B | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $1.7B |
| Q4 25 | $805.6M | $113.3M | ||
| Q3 25 | $741.8M | $139.8M | ||
| Q2 25 | $724.4M | $151.8M | ||
| Q1 25 | $726.3M | $154.6M | ||
| Q4 24 | $694.4M | $201.7M | ||
| Q3 24 | $628.5M | $226.1M | ||
| Q2 24 | $601.5M | $283.8M | ||
| Q1 24 | $601.5M | $926.1M |
| Q4 25 | $2.3B | $2.7B | ||
| Q3 25 | $2.1B | $2.8B | ||
| Q2 25 | $1.9B | $2.8B | ||
| Q1 25 | $2.0B | $2.8B | ||
| Q4 24 | $1.9B | $2.8B | ||
| Q3 24 | $2.1B | $3.1B | ||
| Q2 24 | $1.8B | $3.1B | ||
| Q1 24 | $1.8B | $4.0B |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $102.8M | — |
| Free Cash FlowOCF − Capex | $67.7M | — |
| FCF MarginFCF / Revenue | 10.7% | — |
| Capex IntensityCapex / Revenue | 5.5% | 1.3% |
| Cash ConversionOCF / Net Profit | 57.11× | — |
| TTM Free Cash FlowTrailing 4 quarters | $84.8M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $102.8M | — | ||
| Q3 25 | $2.0M | $52.7M | ||
| Q2 25 | $7.9M | — | ||
| Q1 25 | $72.3M | $27.6M | ||
| Q4 24 | $-41.4M | $-23.2M | ||
| Q3 24 | $20.1M | $51.2M | ||
| Q2 24 | $11.5M | $-45.2M | ||
| Q1 24 | $-14.8M | $-51.7M |
| Q4 25 | $67.7M | — | ||
| Q3 25 | $-18.1M | $48.6M | ||
| Q2 25 | $-15.9M | — | ||
| Q1 25 | $51.1M | $15.7M | ||
| Q4 24 | $-54.6M | $-30.5M | ||
| Q3 24 | $-2.4M | $40.7M | ||
| Q2 24 | $-5.4M | $-59.6M | ||
| Q1 24 | $-44.5M | $-56.7M |
| Q4 25 | 10.7% | — | ||
| Q3 25 | -2.9% | 7.7% | ||
| Q2 25 | -2.5% | — | ||
| Q1 25 | 8.1% | 2.6% | ||
| Q4 24 | -8.7% | -4.8% | ||
| Q3 24 | -0.4% | 6.2% | ||
| Q2 24 | -1.0% | -9.3% | ||
| Q1 24 | -9.1% | -10.5% |
| Q4 25 | 5.5% | 1.3% | ||
| Q3 25 | 3.2% | 0.7% | ||
| Q2 25 | 3.8% | 0.8% | ||
| Q1 25 | 3.3% | 1.9% | ||
| Q4 24 | 2.1% | 1.1% | ||
| Q3 24 | 4.2% | 1.6% | ||
| Q2 24 | 3.0% | 2.2% | ||
| Q1 24 | 6.1% | 0.9% |
| Q4 25 | 57.11× | — | ||
| Q3 25 | 0.13× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 2.43× | — | ||
| Q4 24 | -0.92× | — | ||
| Q3 24 | 0.42× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | -0.06× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CENX
| Aluminum | $566.3M | 89% |
| Alumina | $67.4M | 11% |
FWRD
| Omni Logistics Segment | $359.8M | 57% |
| Network | $183.9M | 29% |
| Intermodal Segment | $50.2M | 8% |
| Truckload | $41.6M | 7% |
