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Side-by-side financial comparison of Chime Financial, Inc. (CHYM) 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 $543.5M, roughly 1.2× Chime Financial, Inc.). FORWARD AIR CORP runs the higher net margin — -4.5% vs -10.1%, a 5.6% gap on every dollar of revenue. On growth, Chime Financial, Inc. posted the faster year-over-year revenue change (28.8% vs -0.3%).
Chime Financial, Inc. is an American financial technology company based in San Francisco, California. It provides fee-free mobile banking services through two national banks, Stride Bank and The Bancorp Bank.
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.
CHYM vs FWRD — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $543.5M | $631.2M |
| Net Profit | $-54.7M | $-28.3M |
| Gross Margin | 87.2% | — |
| Operating Margin | -11.9% | -0.5% |
| Net Margin | -10.1% | -4.5% |
| Revenue YoY | 28.8% | -0.3% |
| Net Profit YoY | -148.4% | 22.2% |
| EPS (diluted) | $-0.15 | $-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 | — | $631.2M | ||
| Q3 25 | $543.5M | $631.8M | ||
| Q2 25 | $528.1M | $618.8M | ||
| Q1 25 | — | $613.3M | ||
| Q4 24 | — | $632.8M | ||
| Q3 24 | $421.9M | $655.9M | ||
| Q2 24 | $384.2M | $643.7M | ||
| Q1 24 | — | $541.8M |
| Q4 25 | — | $-28.3M | ||
| Q3 25 | $-54.7M | $-16.3M | ||
| Q2 25 | $-923.4M | $-12.6M | ||
| Q1 25 | — | $-50.6M | ||
| Q4 24 | — | $-36.4M | ||
| Q3 24 | $-22.0M | $-73.4M | ||
| Q2 24 | $385.0K | $-645.4M | ||
| Q1 24 | — | $-61.7M |
| Q4 25 | — | — | ||
| Q3 25 | 87.2% | — | ||
| Q2 25 | 87.3% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 87.3% | — | ||
| Q2 24 | 86.9% | — | ||
| Q1 24 | — | — |
| Q4 25 | — | -0.5% | ||
| Q3 25 | -11.9% | 2.4% | ||
| Q2 25 | -176.2% | 3.2% | ||
| Q1 25 | — | 0.8% | ||
| Q4 24 | — | 12.0% | ||
| Q3 24 | -7.3% | 3.5% | ||
| Q2 24 | -2.5% | -170.2% | ||
| Q1 24 | — | -12.1% |
| Q4 25 | — | -4.5% | ||
| Q3 25 | -10.1% | -2.6% | ||
| Q2 25 | -174.8% | -2.0% | ||
| Q1 25 | — | -8.3% | ||
| Q4 24 | — | -5.8% | ||
| Q3 24 | -5.2% | -11.2% | ||
| Q2 24 | 0.1% | -100.3% | ||
| Q1 24 | — | -11.4% |
| Q4 25 | — | $-0.90 | ||
| Q3 25 | $-0.15 | $-0.52 | ||
| Q2 25 | $-7.29 | $-0.41 | ||
| Q1 25 | — | $-1.68 | ||
| Q4 24 | — | $-1.69 | ||
| Q3 24 | $-0.34 | $-2.66 | ||
| Q2 24 | $0.00 | $-23.47 | ||
| Q1 24 | — | $-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 | $445.0M | $106.0M |
| Total DebtLower is stronger | — | $1.7B |
| Stockholders' EquityBook value | $1.4B | $113.3M |
| Total Assets | $2.0B | $2.7B |
| Debt / EquityLower = less leverage | — | 14.89× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $106.0M | ||
| Q3 25 | $445.0M | $140.4M | ||
| Q2 25 | $868.3M | $95.1M | ||
| Q1 25 | — | $116.3M | ||
| Q4 24 | — | $104.9M | ||
| Q3 24 | $270.8M | $136.6M | ||
| Q2 24 | $295.4M | $84.9M | ||
| Q1 24 | — | $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 | — | $113.3M | ||
| Q3 25 | $1.4B | $139.8M | ||
| Q2 25 | $1.4B | $151.8M | ||
| Q1 25 | — | $154.6M | ||
| Q4 24 | — | $201.7M | ||
| Q3 24 | $-1.9B | $226.1M | ||
| Q2 24 | $-1.9B | $283.8M | ||
| Q1 24 | — | $926.1M |
| Q4 25 | — | $2.7B | ||
| Q3 25 | $2.0B | $2.8B | ||
| Q2 25 | $1.9B | $2.8B | ||
| Q1 25 | — | $2.8B | ||
| Q4 24 | — | $2.8B | ||
| Q3 24 | — | $3.1B | ||
| Q2 24 | — | $3.1B | ||
| Q1 24 | — | $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 | $17.5M | — |
| Free Cash FlowOCF − Capex | $15.4M | — |
| FCF MarginFCF / Revenue | 2.8% | — |
| Capex IntensityCapex / Revenue | 0.4% | 1.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | — | ||
| Q3 25 | $17.5M | $52.7M | ||
| Q2 25 | $2.7M | — | ||
| Q1 25 | — | $27.6M | ||
| Q4 24 | — | $-23.2M | ||
| Q3 24 | — | $51.2M | ||
| Q2 24 | — | $-45.2M | ||
| Q1 24 | — | $-51.7M |
| Q4 25 | — | — | ||
| Q3 25 | $15.4M | $48.6M | ||
| Q2 25 | $-888.0K | — | ||
| Q1 25 | — | $15.7M | ||
| Q4 24 | — | $-30.5M | ||
| Q3 24 | — | $40.7M | ||
| Q2 24 | — | $-59.6M | ||
| Q1 24 | — | $-56.7M |
| Q4 25 | — | — | ||
| Q3 25 | 2.8% | 7.7% | ||
| Q2 25 | -0.2% | — | ||
| Q1 25 | — | 2.6% | ||
| Q4 24 | — | -4.8% | ||
| Q3 24 | — | 6.2% | ||
| Q2 24 | — | -9.3% | ||
| Q1 24 | — | -10.5% |
| Q4 25 | — | 1.3% | ||
| Q3 25 | 0.4% | 0.7% | ||
| Q2 25 | 0.7% | 0.8% | ||
| Q1 25 | — | 1.9% | ||
| Q4 24 | — | 1.1% | ||
| Q3 24 | — | 1.6% | ||
| Q2 24 | — | 2.2% | ||
| Q1 24 | — | 0.9% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CHYM
| Payments Revenue | $363.2M | 67% |
| Platform Related Revenue | $180.4M | 33% |
FWRD
| Omni Logistics Segment | $359.8M | 57% |
| Network | $183.9M | 29% |
| Intermodal Segment | $50.2M | 8% |
| Truckload | $41.6M | 7% |
