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Side-by-side financial comparison of EDGEWELL PERSONAL CARE Co (EPC) 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 $422.8M, roughly 1.5× EDGEWELL PERSONAL CARE Co). FORWARD AIR CORP runs the higher net margin — -4.5% vs -15.5%, a 11.1% gap on every dollar of revenue. On growth, FORWARD AIR CORP posted the faster year-over-year revenue change (-0.3% vs -11.6%). Over the past eight quarters, FORWARD AIR CORP's revenue compounded faster (7.9% CAGR vs -16.0%).
The Edgewell Personal Care Company is an American multinational consumer products company headquartered in Shelton, Connecticut. It was formed in 2015 following the corporate spin-off from Energizer Holdings, Inc..
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.
EPC vs FWRD — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $422.8M | $631.2M |
| Net Profit | $-65.7M | $-28.3M |
| Gross Margin | 38.1% | — |
| Operating Margin | -4.5% | -0.5% |
| Net Margin | -15.5% | -4.5% |
| Revenue YoY | -11.6% | -0.3% |
| Net Profit YoY | -3028.6% | 22.2% |
| EPS (diluted) | $-1.41 | $-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 | $422.8M | $631.2M | ||
| Q3 25 | $600.5M | $631.8M | ||
| Q2 25 | $627.2M | $618.8M | ||
| Q1 25 | $580.7M | $613.3M | ||
| Q4 24 | $415.1M | $632.8M | ||
| Q3 24 | $517.6M | $655.9M | ||
| Q2 24 | $647.8M | $643.7M | ||
| Q1 24 | $599.4M | $541.8M |
| Q4 25 | $-65.7M | $-28.3M | ||
| Q3 25 | $-30.6M | $-16.3M | ||
| Q2 25 | $29.1M | $-12.6M | ||
| Q1 25 | $29.0M | $-50.6M | ||
| Q4 24 | $-2.1M | $-36.4M | ||
| Q3 24 | $8.8M | $-73.4M | ||
| Q2 24 | $49.0M | $-645.4M | ||
| Q1 24 | $36.0M | $-61.7M |
| Q4 25 | 38.1% | — | ||
| Q3 25 | 37.9% | — | ||
| Q2 25 | 42.8% | — | ||
| Q1 25 | 44.1% | — | ||
| Q4 24 | 41.6% | — | ||
| Q3 24 | 41.1% | — | ||
| Q2 24 | 44.3% | — | ||
| Q1 24 | 43.1% | — |
| Q4 25 | -4.5% | -0.5% | ||
| Q3 25 | -4.2% | 2.4% | ||
| Q2 25 | 8.6% | 3.2% | ||
| Q1 25 | 10.1% | 0.8% | ||
| Q4 24 | 2.2% | 12.0% | ||
| Q3 24 | 3.9% | 3.5% | ||
| Q2 24 | 12.8% | -170.2% | ||
| Q1 24 | 11.7% | -12.1% |
| Q4 25 | -15.5% | -4.5% | ||
| Q3 25 | -5.1% | -2.6% | ||
| Q2 25 | 4.6% | -2.0% | ||
| Q1 25 | 5.0% | -8.3% | ||
| Q4 24 | -0.5% | -5.8% | ||
| Q3 24 | 1.7% | -11.2% | ||
| Q2 24 | 7.6% | -100.3% | ||
| Q1 24 | 6.0% | -11.4% |
| Q4 25 | $-1.41 | $-0.90 | ||
| Q3 25 | $-0.65 | $-0.52 | ||
| Q2 25 | $0.62 | $-0.41 | ||
| Q1 25 | $0.60 | $-1.68 | ||
| Q4 24 | $-0.04 | $-1.69 | ||
| Q3 24 | $0.18 | $-2.66 | ||
| Q2 24 | $0.98 | $-23.47 | ||
| Q1 24 | $0.72 | $-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 | — | $106.0M |
| Total DebtLower is stronger | $1.5B | $1.7B |
| Stockholders' EquityBook value | $1.5B | $113.3M |
| Total Assets | $3.8B | $2.7B |
| Debt / EquityLower = less leverage | 1.03× | 14.89× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $106.0M | ||
| Q3 25 | — | $140.4M | ||
| Q2 25 | — | $95.1M | ||
| Q1 25 | — | $116.3M | ||
| Q4 24 | — | $104.9M | ||
| Q3 24 | $209.1M | $136.6M | ||
| Q2 24 | — | $84.9M | ||
| Q1 24 | — | $152.0M |
| Q4 25 | $1.5B | $1.7B | ||
| Q3 25 | $1.4B | $1.7B | ||
| Q2 25 | $1.4B | — | ||
| Q1 25 | $1.4B | — | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $1.3B | — | ||
| Q2 24 | $1.3B | — | ||
| Q1 24 | $1.4B | $1.7B |
| Q4 25 | $1.5B | $113.3M | ||
| Q3 25 | $1.6B | $139.8M | ||
| Q2 25 | $1.6B | $151.8M | ||
| Q1 25 | $1.5B | $154.6M | ||
| Q4 24 | $1.5B | $201.7M | ||
| Q3 24 | $1.6B | $226.1M | ||
| Q2 24 | $1.6B | $283.8M | ||
| Q1 24 | $1.6B | $926.1M |
| Q4 25 | $3.8B | $2.7B | ||
| Q3 25 | $3.8B | $2.8B | ||
| Q2 25 | $3.8B | $2.8B | ||
| Q1 25 | $3.8B | $2.8B | ||
| Q4 24 | $3.7B | $2.8B | ||
| Q3 24 | $3.7B | $3.1B | ||
| Q2 24 | $3.7B | $3.1B | ||
| Q1 24 | $3.8B | $4.0B |
| Q4 25 | 1.03× | 14.89× | ||
| Q3 25 | 0.89× | 12.05× | ||
| Q2 25 | 0.88× | — | ||
| Q1 25 | 0.95× | — | ||
| Q4 24 | 0.97× | — | ||
| Q3 24 | 0.81× | — | ||
| Q2 24 | 0.82× | — | ||
| Q1 24 | 0.88× | 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 | $-125.9M | — |
| Free Cash FlowOCF − Capex | $-137.5M | — |
| FCF MarginFCF / Revenue | -32.5% | — |
| Capex IntensityCapex / Revenue | 2.7% | 1.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $36.3M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-125.9M | — | ||
| Q3 25 | $74.1M | $52.7M | ||
| Q2 25 | $114.8M | — | ||
| Q1 25 | $45.1M | $27.6M | ||
| Q4 24 | $-115.6M | $-23.2M | ||
| Q3 24 | $-388.3M | $51.2M | ||
| Q2 24 | $101.2M | $-45.2M | ||
| Q1 24 | $129.0M | $-51.7M |
| Q4 25 | $-137.5M | — | ||
| Q3 25 | $46.5M | $48.6M | ||
| Q2 25 | $99.3M | — | ||
| Q1 25 | $28.0M | $15.7M | ||
| Q4 24 | $-132.4M | $-30.5M | ||
| Q3 24 | $-414.2M | $40.7M | ||
| Q2 24 | $88.6M | $-59.6M | ||
| Q1 24 | $117.5M | $-56.7M |
| Q4 25 | -32.5% | — | ||
| Q3 25 | 7.7% | 7.7% | ||
| Q2 25 | 15.8% | — | ||
| Q1 25 | 4.8% | 2.6% | ||
| Q4 24 | -31.9% | -4.8% | ||
| Q3 24 | -80.0% | 6.2% | ||
| Q2 24 | 13.7% | -9.3% | ||
| Q1 24 | 19.6% | -10.5% |
| Q4 25 | 2.7% | 1.3% | ||
| Q3 25 | 4.6% | 0.7% | ||
| Q2 25 | 2.5% | 0.8% | ||
| Q1 25 | 2.9% | 1.9% | ||
| Q4 24 | 4.0% | 1.1% | ||
| Q3 24 | 5.0% | 1.6% | ||
| Q2 24 | 1.9% | 2.2% | ||
| Q1 24 | 1.9% | 0.9% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 3.95× | — | ||
| Q1 25 | 1.56× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -44.13× | — | ||
| Q2 24 | 2.07× | — | ||
| Q1 24 | 3.58× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EPC
| Other | $242.0M | 57% |
| Sunand Skin Care Segment | $131.5M | 31% |
| Shavinggelsandcreams | $32.3M | 8% |
| Wipes And Other Skin Care Products | $17.0M | 4% |
FWRD
| Omni Logistics Segment | $359.8M | 57% |
| Network | $183.9M | 29% |
| Intermodal Segment | $50.2M | 8% |
| Truckload | $41.6M | 7% |
