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Side-by-side financial comparison of C.H. Robinson (CHRW) and Southwest Airlines (LUV). Click either name above to swap in a different company.
Southwest Airlines is the larger business by last-quarter revenue ($7.2B vs $3.9B, roughly 1.9× C.H. Robinson). C.H. Robinson runs the higher net margin — 3.5% vs 3.1%, a 0.4% gap on every dollar of revenue. On growth, Southwest Airlines posted the faster year-over-year revenue change (12.8% vs -6.5%). Over the past eight quarters, Southwest Airlines's revenue compounded faster (-0.7% CAGR vs -5.8%).
C.H. Robinson Worldwide, Inc. is an American transportation company that includes third-party logistics (3PL). The company offers freight transportation, transportation management, brokerage and warehousing. It offers truckload, less than truckload, air freight, intermodal, and ocean transportation.
Southwest Airlines is a major low-cost airline of the United States. It is headquartered in the Love Field neighborhood of Dallas, Texas. It is the fourth-largest airline in North America when measured by passengers carried, as of 2024. With its all-Boeing 737 fleet, Southwest serves over 100 destinations in 42 states, Washington, D.C.
CHRW vs LUV — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $3.9B | $7.2B |
| Net Profit | $136.3M | $227.0M |
| Gross Margin | — | — |
| Operating Margin | 4.6% | — |
| Net Margin | 3.5% | 3.1% |
| Revenue YoY | -6.5% | 12.8% |
| Net Profit YoY | -8.7% | 252.3% |
| EPS (diluted) | $1.12 | $0.45 |
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 | — | $7.2B | ||
| Q4 25 | $3.9B | $7.4B | ||
| Q3 25 | $4.1B | $6.9B | ||
| Q2 25 | $4.1B | $7.2B | ||
| Q1 25 | $4.0B | $6.4B | ||
| Q4 24 | $4.2B | $6.9B | ||
| Q3 24 | $4.6B | $6.9B | ||
| Q2 24 | $4.5B | $7.4B |
| Q1 26 | — | $227.0M | ||
| Q4 25 | $136.3M | $323.0M | ||
| Q3 25 | $163.0M | $54.0M | ||
| Q2 25 | $152.5M | $213.0M | ||
| Q1 25 | $135.3M | $-149.0M | ||
| Q4 24 | $149.3M | $262.0M | ||
| Q3 24 | $97.2M | $67.0M | ||
| Q2 24 | $126.3M | $367.0M |
| Q1 26 | — | — | ||
| Q4 25 | 4.6% | 5.3% | ||
| Q3 25 | 5.3% | 0.5% | ||
| Q2 25 | 5.2% | 3.1% | ||
| Q1 25 | 4.4% | -3.5% | ||
| Q4 24 | 4.4% | 4.0% | ||
| Q3 24 | 3.9% | 0.6% | ||
| Q2 24 | 4.0% | 5.4% |
| Q1 26 | — | 3.1% | ||
| Q4 25 | 3.5% | 4.3% | ||
| Q3 25 | 3.9% | 0.8% | ||
| Q2 25 | 3.7% | 2.9% | ||
| Q1 25 | 3.3% | -2.3% | ||
| Q4 24 | 3.6% | 3.8% | ||
| Q3 24 | 2.1% | 1.0% | ||
| Q2 24 | 2.8% | 5.0% |
| Q1 26 | — | $0.45 | ||
| Q4 25 | $1.12 | $0.56 | ||
| Q3 25 | $1.34 | $0.10 | ||
| Q2 25 | $1.26 | $0.39 | ||
| Q1 25 | $1.11 | $-0.26 | ||
| Q4 24 | $1.23 | $0.46 | ||
| Q3 24 | $0.80 | $0.11 | ||
| Q2 24 | $1.05 | $0.58 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $160.9M | $3.3B |
| Total DebtLower is stronger | $1.1B | $5.4B |
| Stockholders' EquityBook value | $1.8B | $6.9B |
| Total Assets | $5.1B | $20.4B |
| Debt / EquityLower = less leverage | 0.59× | 0.78× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $3.3B | ||
| Q4 25 | $160.9M | $3.2B | ||
| Q3 25 | $136.8M | $3.0B | ||
| Q2 25 | $156.0M | $3.8B | ||
| Q1 25 | $129.9M | $8.3B | ||
| Q4 24 | $145.8M | $8.7B | ||
| Q3 24 | $131.7M | $9.4B | ||
| Q2 24 | $113.2M | $10.0B |
| Q1 26 | — | $5.4B | ||
| Q4 25 | $1.1B | $4.6B | ||
| Q3 25 | $1.2B | $4.1B | ||
| Q2 25 | $1.4B | $4.1B | ||
| Q1 25 | $1.4B | $4.1B | ||
| Q4 24 | $1.4B | $5.1B | ||
| Q3 24 | $1.6B | $5.1B | ||
| Q2 24 | $1.6B | $5.1B |
| Q1 26 | — | $6.9B | ||
| Q4 25 | $1.8B | $8.0B | ||
| Q3 25 | $1.9B | $7.8B | ||
| Q2 25 | $1.8B | $8.0B | ||
| Q1 25 | $1.7B | $9.4B | ||
| Q4 24 | $1.7B | $10.3B | ||
| Q3 24 | $1.6B | $10.4B | ||
| Q2 24 | $1.5B | $10.5B |
| Q1 26 | — | $20.4B | ||
| Q4 25 | $5.1B | $29.1B | ||
| Q3 25 | $5.2B | $28.3B | ||
| Q2 25 | $5.3B | $28.7B | ||
| Q1 25 | $5.2B | $33.2B | ||
| Q4 24 | $5.3B | $33.8B | ||
| Q3 24 | $5.6B | $34.8B | ||
| Q2 24 | $5.5B | $35.6B |
| Q1 26 | — | 0.78× | ||
| Q4 25 | 0.59× | 0.57× | ||
| Q3 25 | 0.64× | 0.52× | ||
| Q2 25 | 0.76× | 0.51× | ||
| Q1 25 | 0.80× | 0.44× | ||
| Q4 24 | 0.80× | 0.49× | ||
| Q3 24 | 0.95× | 0.49× | ||
| Q2 24 | 1.07× | 0.48× |
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 | $305.4M | $1.4B |
| Free Cash FlowOCF − Capex | $302.4M | — |
| FCF MarginFCF / Revenue | 7.7% | — |
| Capex IntensityCapex / Revenue | 0.1% | 8.7% |
| Cash ConversionOCF / Net Profit | 2.24× | 6.25× |
| TTM Free Cash FlowTrailing 4 quarters | $894.9M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $1.4B | ||
| Q4 25 | $305.4M | $294.0M | ||
| Q3 25 | $275.4M | $287.0M | ||
| Q2 25 | $227.1M | $401.0M | ||
| Q1 25 | $106.5M | $860.0M | ||
| Q4 24 | $267.9M | $476.0M | ||
| Q3 24 | $108.1M | $113.0M | ||
| Q2 24 | $166.4M | $-23.0M |
| Q1 26 | — | — | ||
| Q4 25 | $302.4M | $-565.0M | ||
| Q3 25 | $269.5M | $-391.0M | ||
| Q2 25 | $219.8M | $-234.0M | ||
| Q1 25 | $103.2M | $359.0M | ||
| Q4 24 | $265.3M | $16.0M | ||
| Q3 24 | $103.3M | $-404.0M | ||
| Q2 24 | $159.8M | $-517.0M |
| Q1 26 | — | — | ||
| Q4 25 | 7.7% | -7.6% | ||
| Q3 25 | 6.5% | -5.6% | ||
| Q2 25 | 5.3% | -3.2% | ||
| Q1 25 | 2.5% | 5.6% | ||
| Q4 24 | 6.3% | 0.2% | ||
| Q3 24 | 2.2% | -5.9% | ||
| Q2 24 | 3.6% | -7.0% |
| Q1 26 | — | 8.7% | ||
| Q4 25 | 0.1% | 11.5% | ||
| Q3 25 | 0.1% | 9.8% | ||
| Q2 25 | 0.2% | 8.8% | ||
| Q1 25 | 0.1% | 7.8% | ||
| Q4 24 | 0.1% | 6.6% | ||
| Q3 24 | 0.1% | 7.5% | ||
| Q2 24 | 0.1% | 6.7% |
| Q1 26 | — | 6.25× | ||
| Q4 25 | 2.24× | 0.91× | ||
| Q3 25 | 1.69× | 5.31× | ||
| Q2 25 | 1.49× | 1.88× | ||
| Q1 25 | 0.79× | — | ||
| Q4 24 | 1.79× | 1.82× | ||
| Q3 24 | 1.11× | 1.69× | ||
| Q2 24 | 1.32× | -0.06× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CHRW
| North American Service Transportation NAST | $2.8B | 72% |
| Global Forwarding | $731.0M | 19% |
| Sourcing | $340.9M | 9% |
LUV
| Passenger | $6.6B | 91% |
| Other | $614.0M | 8% |
| Freight | $44.0M | 1% |
