vs
Side-by-side financial comparison of ENTEGRIS INC (ENTG) and FORWARD AIR CORP (FWRD). Click either name above to swap in a different company.
ENTEGRIS INC is the larger business by last-quarter revenue ($823.9M vs $631.2M, roughly 1.3× FORWARD AIR CORP). ENTEGRIS INC runs the higher net margin — 6.0% vs -4.5%, a 10.5% gap on every dollar of revenue. On growth, FORWARD AIR CORP posted the faster year-over-year revenue change (-0.3% vs -3.1%). Over the past eight quarters, FORWARD AIR CORP's revenue compounded faster (7.9% CAGR vs 3.4%).
Entegris, Inc. is a supplier of materials for the semiconductor and other high-tech industries. Entegris has approximately 8,000 employees throughout its global operations. It has manufacturing, customer service and/or research facilities in the United States, Canada, China, Germany, Israel, Japan, Malaysia, Singapore, South Korea, and Taiwan. The company’s corporate headquarters are in Billerica, Massachusetts.
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.
ENTG vs FWRD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $823.9M | $631.2M |
| Net Profit | $49.4M | $-28.3M |
| Gross Margin | 43.8% | — |
| Operating Margin | 12.7% | -0.5% |
| Net Margin | 6.0% | -4.5% |
| Revenue YoY | -3.1% | -0.3% |
| Net Profit YoY | -51.7% | 22.2% |
| EPS (diluted) | $0.33 | $-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 | $823.9M | $631.2M | ||
| Q3 25 | $807.1M | $631.8M | ||
| Q2 25 | $792.4M | $618.8M | ||
| Q1 25 | $773.2M | $613.3M | ||
| Q4 24 | $849.8M | $632.8M | ||
| Q3 24 | $807.7M | $655.9M | ||
| Q2 24 | $812.7M | $643.7M | ||
| Q1 24 | $771.0M | $541.8M |
| Q4 25 | $49.4M | $-28.3M | ||
| Q3 25 | $70.5M | $-16.3M | ||
| Q2 25 | $52.8M | $-12.6M | ||
| Q1 25 | $62.9M | $-50.6M | ||
| Q4 24 | $102.2M | $-36.4M | ||
| Q3 24 | $77.6M | $-73.4M | ||
| Q2 24 | $67.7M | $-645.4M | ||
| Q1 24 | $45.3M | $-61.7M |
| Q4 25 | 43.8% | — | ||
| Q3 25 | 43.5% | — | ||
| Q2 25 | 44.4% | — | ||
| Q1 25 | 46.1% | — | ||
| Q4 24 | 45.6% | — | ||
| Q3 24 | 46.0% | — | ||
| Q2 24 | 46.2% | — | ||
| Q1 24 | 45.6% | — |
| Q4 25 | 12.7% | -0.5% | ||
| Q3 25 | 15.2% | 2.4% | ||
| Q2 25 | 13.4% | 3.2% | ||
| Q1 25 | 15.8% | 0.8% | ||
| Q4 24 | 17.6% | 12.0% | ||
| Q3 24 | 16.9% | 3.5% | ||
| Q2 24 | 16.0% | -170.2% | ||
| Q1 24 | 15.3% | -12.1% |
| Q4 25 | 6.0% | -4.5% | ||
| Q3 25 | 8.7% | -2.6% | ||
| Q2 25 | 6.7% | -2.0% | ||
| Q1 25 | 8.1% | -8.3% | ||
| Q4 24 | 12.0% | -5.8% | ||
| Q3 24 | 9.6% | -11.2% | ||
| Q2 24 | 8.3% | -100.3% | ||
| Q1 24 | 5.9% | -11.4% |
| Q4 25 | $0.33 | $-0.90 | ||
| Q3 25 | $0.46 | $-0.52 | ||
| Q2 25 | $0.35 | $-0.41 | ||
| Q1 25 | $0.41 | $-1.68 | ||
| Q4 24 | $0.67 | $-1.69 | ||
| Q3 24 | $0.51 | $-2.66 | ||
| Q2 24 | $0.45 | $-23.47 | ||
| Q1 24 | $0.30 | $-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 | $360.4M | $106.0M |
| Total DebtLower is stronger | $3.7B | $1.7B |
| Stockholders' EquityBook value | $4.0B | $113.3M |
| Total Assets | $8.4B | $2.7B |
| Debt / EquityLower = less leverage | 0.94× | 14.89× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $360.4M | $106.0M | ||
| Q3 25 | $399.8M | $140.4M | ||
| Q2 25 | $376.8M | $95.1M | ||
| Q1 25 | $340.9M | $116.3M | ||
| Q4 24 | $329.2M | $104.9M | ||
| Q3 24 | $432.1M | $136.6M | ||
| Q2 24 | $320.0M | $84.9M | ||
| Q1 24 | $340.7M | $152.0M |
| Q4 25 | $3.7B | $1.7B | ||
| Q3 25 | $3.8B | $1.7B | ||
| Q2 25 | $4.0B | — | ||
| Q1 25 | $4.0B | — | ||
| Q4 24 | $4.0B | — | ||
| Q3 24 | $4.1B | — | ||
| Q2 24 | $4.1B | — | ||
| Q1 24 | $4.2B | $1.7B |
| Q4 25 | $4.0B | $113.3M | ||
| Q3 25 | $3.9B | $139.8M | ||
| Q2 25 | $3.8B | $151.8M | ||
| Q1 25 | $3.7B | $154.6M | ||
| Q4 24 | $3.7B | $201.7M | ||
| Q3 24 | $3.6B | $226.1M | ||
| Q2 24 | $3.5B | $283.8M | ||
| Q1 24 | $3.4B | $926.1M |
| Q4 25 | $8.4B | $2.7B | ||
| Q3 25 | $8.4B | $2.8B | ||
| Q2 25 | $8.4B | $2.8B | ||
| Q1 25 | $8.4B | $2.8B | ||
| Q4 24 | $8.4B | $2.8B | ||
| Q3 24 | $8.5B | $3.1B | ||
| Q2 24 | $8.3B | $3.1B | ||
| Q1 24 | $8.4B | $4.0B |
| Q4 25 | 0.94× | 14.89× | ||
| Q3 25 | 0.99× | 12.05× | ||
| Q2 25 | 1.05× | — | ||
| Q1 25 | 1.06× | — | ||
| Q4 24 | 1.08× | — | ||
| Q3 24 | 1.15× | — | ||
| Q2 24 | 1.18× | — | ||
| Q1 24 | 1.22× | 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 | $192.0M | — |
| Free Cash FlowOCF − Capex | $134.0M | — |
| FCF MarginFCF / Revenue | 16.3% | — |
| Capex IntensityCapex / Revenue | 7.0% | 1.3% |
| Cash ConversionOCF / Net Profit | 3.89× | — |
| TTM Free Cash FlowTrailing 4 quarters | $396.2M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $192.0M | — | ||
| Q3 25 | $249.5M | $52.7M | ||
| Q2 25 | $113.5M | — | ||
| Q1 25 | $140.4M | $27.6M | ||
| Q4 24 | $176.1M | $-23.2M | ||
| Q3 24 | $197.2M | $51.2M | ||
| Q2 24 | $111.2M | $-45.2M | ||
| Q1 24 | $147.2M | $-51.7M |
| Q4 25 | $134.0M | — | ||
| Q3 25 | $182.8M | $48.6M | ||
| Q2 25 | $47.0M | — | ||
| Q1 25 | $32.4M | $15.7M | ||
| Q4 24 | $68.6M | $-30.5M | ||
| Q3 24 | $115.0M | $40.7M | ||
| Q2 24 | $51.9M | $-59.6M | ||
| Q1 24 | $80.6M | $-56.7M |
| Q4 25 | 16.3% | — | ||
| Q3 25 | 22.6% | 7.7% | ||
| Q2 25 | 5.9% | — | ||
| Q1 25 | 4.2% | 2.6% | ||
| Q4 24 | 8.1% | -4.8% | ||
| Q3 24 | 14.2% | 6.2% | ||
| Q2 24 | 6.4% | -9.3% | ||
| Q1 24 | 10.4% | -10.5% |
| Q4 25 | 7.0% | 1.3% | ||
| Q3 25 | 8.3% | 0.7% | ||
| Q2 25 | 8.4% | 0.8% | ||
| Q1 25 | 14.0% | 1.9% | ||
| Q4 24 | 12.7% | 1.1% | ||
| Q3 24 | 10.2% | 1.6% | ||
| Q2 24 | 7.3% | 2.2% | ||
| Q1 24 | 8.6% | 0.9% |
| Q4 25 | 3.89× | — | ||
| Q3 25 | 3.54× | — | ||
| Q2 25 | 2.15× | — | ||
| Q1 25 | 2.23× | — | ||
| Q4 24 | 1.72× | — | ||
| Q3 24 | 2.54× | — | ||
| Q2 24 | 1.64× | — | ||
| Q1 24 | 3.25× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ENTG
| Fabs | $516.3M | 63% |
| Equipment And Engineering | $121.8M | 15% |
| Chemical And Materials | $83.8M | 10% |
| Other | $61.7M | 7% |
| Non Semi | $40.3M | 5% |
FWRD
| Omni Logistics Segment | $359.8M | 57% |
| Network | $183.9M | 29% |
| Intermodal Segment | $50.2M | 8% |
| Truckload | $41.6M | 7% |
