vs
Side-by-side financial comparison of CIVITAS RESOURCES, INC. (CIVI) and FORWARD AIR CORP (FWRD). Click either name above to swap in a different company.
CIVITAS RESOURCES, INC. is the larger business by last-quarter revenue ($1.2B vs $631.2M, roughly 1.9× FORWARD AIR CORP). On growth, FORWARD AIR CORP posted the faster year-over-year revenue change (-0.3% vs -8.2%). Over the past eight quarters, FORWARD AIR CORP's revenue compounded faster (7.9% CAGR vs 1.8%).
Civitas Resources, Inc. is a U.S.-based sustainable energy enterprise focused on the exploration, development, and production of oil, natural gas, and natural gas liquids. It primarily operates across the Denver-Julesburg Basin in Colorado, prioritizing low-emission, responsible energy production to meet diverse North American energy demand.
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.
CIVI vs FWRD — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $631.2M |
| Net Profit | — | $-28.3M |
| Gross Margin | — | — |
| Operating Margin | 20.0% | -0.5% |
| Net Margin | — | -4.5% |
| Revenue YoY | -8.2% | -0.3% |
| Net Profit YoY | — | 22.2% |
| EPS (diluted) | $1.99 | $-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 | $1.2B | $631.8M | ||
| Q2 25 | $1.1B | $618.8M | ||
| Q1 25 | $1.2B | $613.3M | ||
| Q4 24 | $1.3B | $632.8M | ||
| Q3 24 | $1.3B | $655.9M | ||
| Q2 24 | $1.3B | $643.7M | ||
| Q1 24 | $1.3B | $541.8M |
| Q4 25 | — | $-28.3M | ||
| Q3 25 | — | $-16.3M | ||
| Q2 25 | — | $-12.6M | ||
| Q1 25 | — | $-50.6M | ||
| Q4 24 | — | $-36.4M | ||
| Q3 24 | — | $-73.4M | ||
| Q2 24 | — | $-645.4M | ||
| Q1 24 | — | $-61.7M |
| Q4 25 | — | -0.5% | ||
| Q3 25 | 20.0% | 2.4% | ||
| Q2 25 | 15.3% | 3.2% | ||
| Q1 25 | 20.7% | 0.8% | ||
| Q4 24 | 15.4% | 12.0% | ||
| Q3 24 | 30.6% | 3.5% | ||
| Q2 24 | 21.6% | -170.2% | ||
| Q1 24 | 15.9% | -12.1% |
| Q4 25 | — | -4.5% | ||
| Q3 25 | — | -2.6% | ||
| Q2 25 | — | -2.0% | ||
| Q1 25 | — | -8.3% | ||
| Q4 24 | — | -5.8% | ||
| Q3 24 | — | -11.2% | ||
| Q2 24 | — | -100.3% | ||
| Q1 24 | — | -11.4% |
| Q4 25 | — | $-0.90 | ||
| Q3 25 | $1.99 | $-0.52 | ||
| Q2 25 | $1.34 | $-0.41 | ||
| Q1 25 | $1.99 | $-1.68 | ||
| Q4 24 | $1.56 | $-1.69 | ||
| Q3 24 | $3.01 | $-2.66 | ||
| Q2 24 | $2.15 | $-23.47 | ||
| Q1 24 | $1.74 | $-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 | $56.0M | $106.0M |
| Total DebtLower is stronger | $5.1B | $1.7B |
| Stockholders' EquityBook value | $6.7B | $113.3M |
| Total Assets | $15.1B | $2.7B |
| Debt / EquityLower = less leverage | 0.77× | 14.89× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $106.0M | ||
| Q3 25 | $56.0M | $140.4M | ||
| Q2 25 | $69.0M | $95.1M | ||
| Q1 25 | $20.0M | $116.3M | ||
| Q4 24 | $76.0M | $104.9M | ||
| Q3 24 | $47.1M | $136.6M | ||
| Q2 24 | $91.9M | $84.9M | ||
| Q1 24 | $52.1M | $152.0M |
| Q4 25 | — | $1.7B | ||
| Q3 25 | $5.1B | $1.7B | ||
| Q2 25 | $5.4B | — | ||
| Q1 25 | $5.1B | — | ||
| Q4 24 | $4.5B | — | ||
| Q3 24 | $4.8B | — | ||
| Q2 24 | $4.9B | — | ||
| Q1 24 | $4.4B | $1.7B |
| Q4 25 | — | $113.3M | ||
| Q3 25 | $6.7B | $139.8M | ||
| Q2 25 | $6.8B | $151.8M | ||
| Q1 25 | $6.7B | $154.6M | ||
| Q4 24 | $6.6B | $201.7M | ||
| Q3 24 | $6.7B | $226.1M | ||
| Q2 24 | $6.6B | $283.8M | ||
| Q1 24 | $6.6B | $926.1M |
| Q4 25 | — | $2.7B | ||
| Q3 25 | $15.1B | $2.8B | ||
| Q2 25 | $15.4B | $2.8B | ||
| Q1 25 | $15.3B | $2.8B | ||
| Q4 24 | $14.9B | $2.8B | ||
| Q3 24 | $15.0B | $3.1B | ||
| Q2 24 | $15.0B | $3.1B | ||
| Q1 24 | $15.1B | $4.0B |
| Q4 25 | — | 14.89× | ||
| Q3 25 | 0.77× | 12.05× | ||
| Q2 25 | 0.79× | — | ||
| Q1 25 | 0.76× | — | ||
| Q4 24 | 0.68× | — | ||
| Q3 24 | 0.73× | — | ||
| Q2 24 | 0.74× | — | ||
| Q1 24 | 0.67× | 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 | $860.0M | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | 1.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | — | ||
| Q3 25 | $860.0M | $52.7M | ||
| Q2 25 | $298.0M | — | ||
| Q1 25 | $719.0M | $27.6M | ||
| Q4 24 | $858.2M | $-23.2M | ||
| Q3 24 | $835.0M | $51.2M | ||
| Q2 24 | $359.0M | $-45.2M | ||
| Q1 24 | $813.0M | $-51.7M |
| Q4 25 | — | — | ||
| Q3 25 | — | $48.6M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $15.7M | ||
| Q4 24 | — | $-30.5M | ||
| Q3 24 | — | $40.7M | ||
| Q2 24 | — | $-59.6M | ||
| Q1 24 | — | $-56.7M |
| Q4 25 | — | — | ||
| Q3 25 | — | 7.7% | ||
| Q2 25 | — | — | ||
| 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 | — | 0.7% | ||
| Q2 25 | — | 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
CIVI
| Crude Oil Natural Gas And Natural Gas Liquids | $1.2B | 99% |
| Oil And Gas Operation And Maintenance | $8.0M | 1% |
| Natural Gas Reserves | $2.0M | 0% |
FWRD
| Omni Logistics Segment | $359.8M | 57% |
| Network | $183.9M | 29% |
| Intermodal Segment | $50.2M | 8% |
| Truckload | $41.6M | 7% |
