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Side-by-side financial comparison of CHOICE HOTELS INTERNATIONAL INC (CHH) 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 $340.6M, roughly 1.9× CHOICE HOTELS INTERNATIONAL INC). CHOICE HOTELS INTERNATIONAL INC runs the higher net margin — 5.9% vs -4.5%, a 10.4% gap on every dollar of revenue. On growth, CHOICE HOTELS INTERNATIONAL INC posted the faster year-over-year revenue change (2.3% vs -0.3%). Over the past eight quarters, FORWARD AIR CORP's revenue compounded faster (7.9% CAGR vs -11.5%).
Choice Hotels International, Inc. is an American multinational hospitality company based in North Bethesda, Maryland. The company, which is one of the largest hotel chains in the world, owns various hotel brands ranging from upscale to economy. As of the end of 2024, Choice Hotels franchised nearly 7,600 hotels, representing over 650,000 rooms, in 46 countries and territories.
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.
CHH vs FWRD — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $340.6M | $631.2M |
| Net Profit | $20.0M | $-28.3M |
| Gross Margin | — | — |
| Operating Margin | 17.6% | -0.5% |
| Net Margin | 5.9% | -4.5% |
| Revenue YoY | 2.3% | -0.3% |
| Net Profit YoY | -54.4% | 22.2% |
| EPS (diluted) | $0.44 | $-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.
| Q1 26 | $340.6M | — | ||
| Q4 25 | $390.1M | $631.2M | ||
| Q3 25 | $447.3M | $631.8M | ||
| Q2 25 | $426.4M | $618.8M | ||
| Q1 25 | $332.9M | $613.3M | ||
| Q4 24 | $389.8M | $632.8M | ||
| Q3 24 | $428.0M | $655.9M | ||
| Q2 24 | $435.2M | $643.7M |
| Q1 26 | $20.0M | — | ||
| Q4 25 | $63.7M | $-28.3M | ||
| Q3 25 | $180.0M | $-16.3M | ||
| Q2 25 | $81.7M | $-12.6M | ||
| Q1 25 | $44.5M | $-50.6M | ||
| Q4 24 | $75.8M | $-36.4M | ||
| Q3 24 | $105.7M | $-73.4M | ||
| Q2 24 | $87.1M | $-645.4M |
| Q1 26 | 17.6% | — | ||
| Q4 25 | 26.0% | -0.5% | ||
| Q3 25 | 31.8% | 2.4% | ||
| Q2 25 | 29.2% | 3.2% | ||
| Q1 25 | 24.0% | 0.8% | ||
| Q4 24 | 30.6% | 12.0% | ||
| Q3 24 | 35.5% | 3.5% | ||
| Q2 24 | 30.5% | -170.2% |
| Q1 26 | 5.9% | — | ||
| Q4 25 | 16.3% | -4.5% | ||
| Q3 25 | 40.2% | -2.6% | ||
| Q2 25 | 19.2% | -2.0% | ||
| Q1 25 | 13.4% | -8.3% | ||
| Q4 24 | 19.4% | -5.8% | ||
| Q3 24 | 24.7% | -11.2% | ||
| Q2 24 | 20.0% | -100.3% |
| Q1 26 | $0.44 | — | ||
| Q4 25 | $1.35 | $-0.90 | ||
| Q3 25 | $3.86 | $-0.52 | ||
| Q2 25 | $1.75 | $-0.41 | ||
| Q1 25 | $0.94 | $-1.68 | ||
| Q4 24 | $1.56 | $-1.69 | ||
| Q3 24 | $2.22 | $-2.66 | ||
| Q2 24 | $1.80 | $-23.47 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $43.9M | $106.0M |
| Total DebtLower is stronger | $2.0B | $1.7B |
| Stockholders' EquityBook value | $137.4M | $113.3M |
| Total Assets | $2.9B | $2.7B |
| Debt / EquityLower = less leverage | 14.58× | 14.89× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $43.9M | — | ||
| Q4 25 | $45.0M | $106.0M | ||
| Q3 25 | $52.6M | $140.4M | ||
| Q2 25 | $58.6M | $95.1M | ||
| Q1 25 | $40.1M | $116.3M | ||
| Q4 24 | $40.2M | $104.9M | ||
| Q3 24 | $58.6M | $136.6M | ||
| Q2 24 | $60.4M | $84.9M |
| Q1 26 | $2.0B | — | ||
| Q4 25 | $1.9B | $1.7B | ||
| Q3 25 | $1.9B | $1.7B | ||
| Q2 25 | $1.9B | — | ||
| Q1 25 | $1.9B | — | ||
| Q4 24 | $1.8B | — | ||
| Q3 24 | $1.8B | — | ||
| Q2 24 | $1.9B | — |
| Q1 26 | $137.4M | — | ||
| Q4 25 | $181.2M | $113.3M | ||
| Q3 25 | $149.8M | $139.8M | ||
| Q2 25 | $-26.2M | $151.8M | ||
| Q1 25 | $-63.9M | $154.6M | ||
| Q4 24 | $-45.3M | $201.7M | ||
| Q3 24 | $-96.2M | $226.1M | ||
| Q2 24 | $-146.8M | $283.8M |
| Q1 26 | $2.9B | — | ||
| Q4 25 | $2.9B | $2.7B | ||
| Q3 25 | $2.9B | $2.8B | ||
| Q2 25 | $2.7B | $2.8B | ||
| Q1 25 | $2.6B | $2.8B | ||
| Q4 24 | $2.5B | $2.8B | ||
| Q3 24 | $2.5B | $3.1B | ||
| Q2 24 | $2.5B | $3.1B |
| Q1 26 | 14.58× | — | ||
| Q4 25 | 10.52× | 14.89× | ||
| Q3 25 | 12.81× | 12.05× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CHH
| Franchise and management fees | $149.6M | 44% |
| Other | $135.8M | 40% |
| Owned hotels | $30.4M | 9% |
| Partnership services and fees | $24.7M | 7% |
FWRD
| Omni Logistics Segment | $359.8M | 57% |
| Network | $183.9M | 29% |
| Intermodal Segment | $50.2M | 8% |
| Truckload | $41.6M | 7% |
