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Side-by-side financial comparison of Cooper Companies (The) (COO) and FORWARD AIR CORP (FWRD). Click either name above to swap in a different company.

Cooper Companies (The) is the larger business by last-quarter revenue ($1.1B vs $631.2M, roughly 1.7× FORWARD AIR CORP). Cooper Companies (The) runs the higher net margin — 7.9% vs -4.5%, a 12.4% gap on every dollar of revenue. On growth, Cooper Companies (The) posted the faster year-over-year revenue change (4.6% vs -0.3%). Over the past eight quarters, FORWARD AIR CORP's revenue compounded faster (7.9% CAGR vs 6.9%).

The Cooper Companies, Inc., branded as CooperCompanies, is a global medical device company headquartered in San Ramon, California. The company consists of two business units, CooperVision (CVI) which manufactures contact lenses, and CooperSurgical (CSI), which manufactures medical devices and fertility and genomic products for the women's healthcare market.

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.

COO vs FWRD — Head-to-Head

Bigger by revenue
COO
COO
1.7× larger
COO
$1.1B
$631.2M
FWRD
Growing faster (revenue YoY)
COO
COO
+4.8% gap
COO
4.6%
-0.3%
FWRD
Higher net margin
COO
COO
12.4% more per $
COO
7.9%
-4.5%
FWRD
Faster 2-yr revenue CAGR
FWRD
FWRD
Annualised
FWRD
7.9%
6.9%
COO

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
COO
COO
FWRD
FWRD
Revenue
$1.1B
$631.2M
Net Profit
$84.6M
$-28.3M
Gross Margin
61.1%
Operating Margin
13.2%
-0.5%
Net Margin
7.9%
-4.5%
Revenue YoY
4.6%
-0.3%
Net Profit YoY
-28.0%
22.2%
EPS (diluted)
$0.42
$-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.

Revenue
COO
COO
FWRD
FWRD
Q4 25
$1.1B
$631.2M
Q3 25
$1.1B
$631.8M
Q2 25
$1.0B
$618.8M
Q1 25
$964.7M
$613.3M
Q4 24
$1.0B
$632.8M
Q3 24
$1.0B
$655.9M
Q2 24
$942.6M
$643.7M
Q1 24
$931.6M
$541.8M
Net Profit
COO
COO
FWRD
FWRD
Q4 25
$84.6M
$-28.3M
Q3 25
$98.3M
$-16.3M
Q2 25
$87.7M
$-12.6M
Q1 25
$104.3M
$-50.6M
Q4 24
$117.5M
$-36.4M
Q3 24
$104.7M
$-73.4M
Q2 24
$88.9M
$-645.4M
Q1 24
$81.2M
$-61.7M
Gross Margin
COO
COO
FWRD
FWRD
Q4 25
61.1%
Q3 25
65.3%
Q2 25
67.8%
Q1 25
68.4%
Q4 24
66.5%
Q3 24
66.1%
Q2 24
67.0%
Q1 24
67.0%
Operating Margin
COO
COO
FWRD
FWRD
Q4 25
13.2%
-0.5%
Q3 25
16.6%
2.4%
Q2 25
18.4%
3.2%
Q1 25
18.9%
0.8%
Q4 24
19.5%
12.0%
Q3 24
19.2%
3.5%
Q2 24
17.2%
-170.2%
Q1 24
16.4%
-12.1%
Net Margin
COO
COO
FWRD
FWRD
Q4 25
7.9%
-4.5%
Q3 25
9.3%
-2.6%
Q2 25
8.7%
-2.0%
Q1 25
10.8%
-8.3%
Q4 24
11.5%
-5.8%
Q3 24
10.4%
-11.2%
Q2 24
9.4%
-100.3%
Q1 24
8.7%
-11.4%
EPS (diluted)
COO
COO
FWRD
FWRD
Q4 25
$0.42
$-0.90
Q3 25
$0.49
$-0.52
Q2 25
$0.44
$-0.41
Q1 25
$0.52
$-1.68
Q4 24
$0.59
$-1.69
Q3 24
$0.52
$-2.66
Q2 24
$0.44
$-23.47
Q1 24
$0.41
$-2.81

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
COO
COO
FWRD
FWRD
Cash + ST InvestmentsLiquidity on hand
$110.6M
$106.0M
Total DebtLower is stronger
$2.5B
$1.7B
Stockholders' EquityBook value
$8.2B
$113.3M
Total Assets
$12.4B
$2.7B
Debt / EquityLower = less leverage
0.30×
14.89×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
COO
COO
FWRD
FWRD
Q4 25
$110.6M
$106.0M
Q3 25
$124.9M
$140.4M
Q2 25
$116.2M
$95.1M
Q1 25
$100.9M
$116.3M
Q4 24
$107.6M
$104.9M
Q3 24
$109.7M
$136.6M
Q2 24
$112.4M
$84.9M
Q1 24
$135.2M
$152.0M
Total Debt
COO
COO
FWRD
FWRD
Q4 25
$2.5B
$1.7B
Q3 25
$2.4B
$1.7B
Q2 25
$2.5B
Q1 25
$2.5B
Q4 24
$2.6B
Q3 24
$2.6B
Q2 24
$2.7B
Q1 24
$2.7B
$1.7B
Stockholders' Equity
COO
COO
FWRD
FWRD
Q4 25
$8.2B
$113.3M
Q3 25
$8.4B
$139.8M
Q2 25
$8.3B
$151.8M
Q1 25
$8.1B
$154.6M
Q4 24
$8.1B
$201.7M
Q3 24
$7.9B
$226.1M
Q2 24
$7.8B
$283.8M
Q1 24
$7.7B
$926.1M
Total Assets
COO
COO
FWRD
FWRD
Q4 25
$12.4B
$2.7B
Q3 25
$12.4B
$2.8B
Q2 25
$12.4B
$2.8B
Q1 25
$12.2B
$2.8B
Q4 24
$12.3B
$2.8B
Q3 24
$12.1B
$3.1B
Q2 24
$12.0B
$3.1B
Q1 24
$12.0B
$4.0B
Debt / Equity
COO
COO
FWRD
FWRD
Q4 25
0.30×
14.89×
Q3 25
0.29×
12.05×
Q2 25
0.30×
Q1 25
0.31×
Q4 24
0.32×
Q3 24
0.33×
Q2 24
0.34×
Q1 24
0.35×
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
COO
COO
FWRD
FWRD
Operating Cash FlowLast quarter
$247.9M
Free Cash FlowOCF − Capex
$149.9M
FCF MarginFCF / Revenue
14.1%
Capex IntensityCapex / Revenue
9.2%
1.3%
Cash ConversionOCF / Net Profit
2.93×
TTM Free Cash FlowTrailing 4 quarters
$433.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
COO
COO
FWRD
FWRD
Q4 25
$247.9M
Q3 25
$261.4M
$52.7M
Q2 25
$96.2M
Q1 25
$190.6M
$27.6M
Q4 24
$268.1M
$-23.2M
Q3 24
$207.5M
$51.2M
Q2 24
$111.0M
$-45.2M
Q1 24
$122.7M
$-51.7M
Free Cash Flow
COO
COO
FWRD
FWRD
Q4 25
$149.9M
Q3 25
$164.5M
$48.6M
Q2 25
$18.1M
Q1 25
$101.2M
$15.7M
Q4 24
$128.1M
$-30.5M
Q3 24
$118.5M
$40.7M
Q2 24
$36.9M
$-59.6M
Q1 24
$4.6M
$-56.7M
FCF Margin
COO
COO
FWRD
FWRD
Q4 25
14.1%
Q3 25
15.5%
7.7%
Q2 25
1.8%
Q1 25
10.5%
2.6%
Q4 24
12.6%
-4.8%
Q3 24
11.8%
6.2%
Q2 24
3.9%
-9.3%
Q1 24
0.5%
-10.5%
Capex Intensity
COO
COO
FWRD
FWRD
Q4 25
9.2%
1.3%
Q3 25
9.1%
0.7%
Q2 25
7.8%
0.8%
Q1 25
9.3%
1.9%
Q4 24
13.7%
1.1%
Q3 24
8.9%
1.6%
Q2 24
7.9%
2.2%
Q1 24
12.7%
0.9%
Cash Conversion
COO
COO
FWRD
FWRD
Q4 25
2.93×
Q3 25
2.66×
Q2 25
1.10×
Q1 25
1.83×
Q4 24
2.28×
Q3 24
1.98×
Q2 24
1.25×
Q1 24
1.51×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

COO
COO

Sphere Other$365.0M34%
Toric And Multifocal$344.7M32%
Office And Surgical$214.5M20%
Fertility$140.9M13%

FWRD
FWRD

Omni Logistics Segment$359.8M57%
Network$183.9M29%
Intermodal Segment$50.2M8%
Truckload$41.6M7%

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