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Side-by-side financial comparison of Enova International, Inc. (ENVA) and FORWARD AIR CORP (FWRD). Click either name above to swap in a different company.
Enova International, Inc. is the larger business by last-quarter revenue ($875.1M vs $631.2M, roughly 1.4× FORWARD AIR CORP). Enova International, Inc. runs the higher net margin — 10.4% vs -4.5%, a 14.9% gap on every dollar of revenue. On growth, Enova International, Inc. posted the faster year-over-year revenue change (17.4% vs -0.3%). Over the past eight quarters, Enova International, Inc.'s revenue compounded faster (18.0% CAGR vs 7.9%).
Enova International, Inc. is a global fintech firm providing online financial solutions including short-term consumer loans and small business financing. It operates mainly across North America, South America and Europe, using advanced data analytics to assess creditworthiness and deliver tailored products to underserved borrower segments.
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.
ENVA vs FWRD — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $875.1M | $631.2M |
| Net Profit | $91.1M | $-28.3M |
| Gross Margin | — | — |
| Operating Margin | 23.7% | -0.5% |
| Net Margin | 10.4% | -4.5% |
| Revenue YoY | 17.4% | -0.3% |
| Net Profit YoY | 24.9% | 22.2% |
| EPS (diluted) | $3.46 | $-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.
| Q1 26 | $875.1M | — | ||
| Q4 25 | $839.4M | $631.2M | ||
| Q3 25 | $802.7M | $631.8M | ||
| Q2 25 | $764.0M | $618.8M | ||
| Q1 25 | $745.5M | $613.3M | ||
| Q4 24 | $729.6M | $632.8M | ||
| Q3 24 | $689.9M | $655.9M | ||
| Q2 24 | $628.4M | $643.7M |
| Q1 26 | $91.1M | — | ||
| Q4 25 | $79.0M | $-28.3M | ||
| Q3 25 | $80.3M | $-16.3M | ||
| Q2 25 | $76.1M | $-12.6M | ||
| Q1 25 | $72.9M | $-50.6M | ||
| Q4 24 | $63.7M | $-36.4M | ||
| Q3 24 | $43.4M | $-73.4M | ||
| Q2 24 | $53.9M | $-645.4M |
| Q1 26 | — | — | ||
| Q4 25 | 59.8% | — | ||
| Q3 25 | 57.4% | — | ||
| Q2 25 | 57.8% | — | ||
| Q1 25 | 57.2% | — | ||
| Q4 24 | 56.6% | — | ||
| Q3 24 | 58.0% | — | ||
| Q2 24 | 58.9% | — |
| Q1 26 | 23.7% | — | ||
| Q4 25 | 22.2% | -0.5% | ||
| Q3 25 | 24.5% | 2.4% | ||
| Q2 25 | 24.1% | 3.2% | ||
| Q1 25 | 23.1% | 0.8% | ||
| Q4 24 | 21.3% | 12.0% | ||
| Q3 24 | 22.3% | 3.5% | ||
| Q2 24 | 23.1% | -170.2% |
| Q1 26 | 10.4% | — | ||
| Q4 25 | 9.4% | -4.5% | ||
| Q3 25 | 10.0% | -2.6% | ||
| Q2 25 | 10.0% | -2.0% | ||
| Q1 25 | 9.8% | -8.3% | ||
| Q4 24 | 8.7% | -5.8% | ||
| Q3 24 | 6.3% | -11.2% | ||
| Q2 24 | 8.6% | -100.3% |
| Q1 26 | $3.46 | — | ||
| Q4 25 | $2.94 | $-0.90 | ||
| Q3 25 | $3.03 | $-0.52 | ||
| Q2 25 | $2.86 | $-0.41 | ||
| Q1 25 | $2.69 | $-1.68 | ||
| Q4 24 | $2.29 | $-1.69 | ||
| Q3 24 | $1.57 | $-2.66 | ||
| Q2 24 | $1.93 | $-23.47 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $96.1M | $106.0M |
| Total DebtLower is stronger | $4.8B | $1.7B |
| Stockholders' EquityBook value | — | $113.3M |
| Total Assets | $6.9B | $2.7B |
| Debt / EquityLower = less leverage | — | 14.89× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $96.1M | — | ||
| Q4 25 | $71.7M | $106.0M | ||
| Q3 25 | $53.6M | $140.4M | ||
| Q2 25 | $55.6M | $95.1M | ||
| Q1 25 | $55.5M | $116.3M | ||
| Q4 24 | $73.9M | $104.9M | ||
| Q3 24 | $67.5M | $136.6M | ||
| Q2 24 | $60.1M | $84.9M |
| Q1 26 | $4.8B | — | ||
| Q4 25 | $4.5B | $1.7B | ||
| Q3 25 | $4.1B | $1.7B | ||
| Q2 25 | $4.0B | — | ||
| Q1 25 | $3.8B | — | ||
| Q4 24 | $3.6B | — | ||
| Q3 24 | $3.3B | — | ||
| Q2 24 | $3.2B | — |
| Q1 26 | — | — | ||
| Q4 25 | $1.3B | $113.3M | ||
| Q3 25 | $1.3B | $139.8M | ||
| Q2 25 | $1.2B | $151.8M | ||
| Q1 25 | $1.2B | $154.6M | ||
| Q4 24 | $1.2B | $201.7M | ||
| Q3 24 | $1.2B | $226.1M | ||
| Q2 24 | $1.1B | $283.8M |
| Q1 26 | $6.9B | — | ||
| Q4 25 | $6.5B | $2.7B | ||
| Q3 25 | $6.0B | $2.8B | ||
| Q2 25 | $5.7B | $2.8B | ||
| Q1 25 | $5.5B | $2.8B | ||
| Q4 24 | $5.3B | $2.8B | ||
| Q3 24 | $5.0B | $3.1B | ||
| Q2 24 | $4.8B | $3.1B |
| Q1 26 | — | — | ||
| Q4 25 | 3.37× | 14.89× | ||
| Q3 25 | 3.20× | 12.05× | ||
| Q2 25 | 3.23× | — | ||
| Q1 25 | 3.14× | — | ||
| Q4 24 | 2.98× | — | ||
| Q3 24 | 2.79× | — | ||
| Q2 24 | 2.78× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ENVA
Segment breakdown not available.
FWRD
| Omni Logistics Segment | $359.8M | 57% |
| Network | $183.9M | 29% |
| Intermodal Segment | $50.2M | 8% |
| Truckload | $41.6M | 7% |
