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Side-by-side financial comparison of Fortune Brands Innovations, Inc. (FBIN) and FORWARD AIR CORP (FWRD). Click either name above to swap in a different company.
Fortune Brands Innovations, Inc. is the larger business by last-quarter revenue ($1.1B vs $631.2M, roughly 1.7× FORWARD AIR CORP). Fortune Brands Innovations, Inc. runs the higher net margin — 7.1% vs -4.5%, a 11.6% gap on every dollar of revenue. On growth, FORWARD AIR CORP posted the faster year-over-year revenue change (-0.3% vs -2.4%). Over the past eight quarters, FORWARD AIR CORP's revenue compounded faster (7.9% CAGR vs -1.5%).
Fortune Brands Innovations, Inc. is an American manufacturer of home and security products, headquartered in Deerfield, Illinois. Its portfolio of businesses and brands includes Moen and the House of Rohl; outdoor living and security products from Therma-Tru, Larson, Fiberon, Master Lock and SentrySafe; and MasterBrand Cabinets. Fortune Brands is a Fortune 500 company and part of the S&P 400 Index. As of December 31, 2021, the company reported employing approximately 28,000 associates and pos...
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.
FBIN vs FWRD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.1B | $631.2M |
| Net Profit | $76.3M | $-28.3M |
| Gross Margin | 43.8% | — |
| Operating Margin | 11.3% | -0.5% |
| Net Margin | 7.1% | -4.5% |
| Revenue YoY | -2.4% | -0.3% |
| Net Profit YoY | -27.3% | 22.2% |
| EPS (diluted) | $0.63 | $-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 | $1.1B | $631.2M | ||
| Q3 25 | $1.1B | $631.8M | ||
| Q2 25 | $1.2B | $618.8M | ||
| Q1 25 | $1.0B | $613.3M | ||
| Q4 24 | $1.1B | $632.8M | ||
| Q3 24 | $1.2B | $655.9M | ||
| Q2 24 | $1.2B | $643.7M | ||
| Q1 24 | $1.1B | $541.8M |
| Q4 25 | $76.3M | $-28.3M | ||
| Q3 25 | $70.8M | $-16.3M | ||
| Q2 25 | $100.3M | $-12.6M | ||
| Q1 25 | $51.4M | $-50.6M | ||
| Q4 24 | $105.0M | $-36.4M | ||
| Q3 24 | $136.6M | $-73.4M | ||
| Q2 24 | $133.9M | $-645.4M | ||
| Q1 24 | $96.4M | $-61.7M |
| Q4 25 | 43.8% | — | ||
| Q3 25 | 45.2% | — | ||
| Q2 25 | 45.1% | — | ||
| Q1 25 | 44.0% | — | ||
| Q4 24 | 46.0% | — | ||
| Q3 24 | 45.9% | — | ||
| Q2 24 | 43.6% | — | ||
| Q1 24 | 43.9% | — |
| Q4 25 | 11.3% | -0.5% | ||
| Q3 25 | 11.0% | 2.4% | ||
| Q2 25 | 14.3% | 3.2% | ||
| Q1 25 | 9.4% | 0.8% | ||
| Q4 24 | 16.1% | 12.0% | ||
| Q3 24 | 17.8% | 3.5% | ||
| Q2 24 | 16.1% | -170.2% | ||
| Q1 24 | 14.0% | -12.1% |
| Q4 25 | 7.1% | -4.5% | ||
| Q3 25 | 6.2% | -2.6% | ||
| Q2 25 | 8.3% | -2.0% | ||
| Q1 25 | 5.0% | -8.3% | ||
| Q4 24 | 9.5% | -5.8% | ||
| Q3 24 | 11.8% | -11.2% | ||
| Q2 24 | 10.8% | -100.3% | ||
| Q1 24 | 8.7% | -11.4% |
| Q4 25 | $0.63 | $-0.90 | ||
| Q3 25 | $0.59 | $-0.52 | ||
| Q2 25 | $0.83 | $-0.41 | ||
| Q1 25 | $0.42 | $-1.68 | ||
| Q4 24 | $0.84 | $-1.69 | ||
| Q3 24 | $1.09 | $-2.66 | ||
| Q2 24 | $1.06 | $-23.47 | ||
| Q1 24 | $0.76 | $-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 | $264.0M | $106.0M |
| Total DebtLower is stronger | $2.5B | $1.7B |
| Stockholders' EquityBook value | $2.4B | $113.3M |
| Total Assets | $6.5B | $2.7B |
| Debt / EquityLower = less leverage | 1.07× | 14.89× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $264.0M | $106.0M | ||
| Q3 25 | $223.9M | $140.4M | ||
| Q2 25 | $234.7M | $95.1M | ||
| Q1 25 | $340.0M | $116.3M | ||
| Q4 24 | $381.1M | $104.9M | ||
| Q3 24 | $344.8M | $136.6M | ||
| Q2 24 | $352.6M | $84.9M | ||
| Q1 24 | $359.7M | $152.0M |
| Q4 25 | $2.5B | $1.7B | ||
| Q3 25 | $2.2B | $1.7B | ||
| Q2 25 | $2.2B | — | ||
| Q1 25 | $2.7B | — | ||
| Q4 24 | $2.7B | — | ||
| Q3 24 | $2.7B | — | ||
| Q2 24 | $2.7B | — | ||
| Q1 24 | $2.7B | $1.7B |
| Q4 25 | $2.4B | $113.3M | ||
| Q3 25 | $2.4B | $139.8M | ||
| Q2 25 | $2.3B | $151.8M | ||
| Q1 25 | $2.3B | $154.6M | ||
| Q4 24 | $2.4B | $201.7M | ||
| Q3 24 | $2.4B | $226.1M | ||
| Q2 24 | $2.3B | $283.8M | ||
| Q1 24 | $2.3B | $926.1M |
| Q4 25 | $6.5B | $2.7B | ||
| Q3 25 | $6.5B | $2.8B | ||
| Q2 25 | $6.6B | $2.8B | ||
| Q1 25 | $6.6B | $2.8B | ||
| Q4 24 | $6.6B | $2.8B | ||
| Q3 24 | $6.6B | $3.1B | ||
| Q2 24 | $6.7B | $3.1B | ||
| Q1 24 | $6.8B | $4.0B |
| Q4 25 | 1.07× | 14.89× | ||
| Q3 25 | 0.91× | 12.05× | ||
| Q2 25 | 0.93× | — | ||
| Q1 25 | 1.16× | — | ||
| Q4 24 | 1.10× | — | ||
| Q3 24 | 1.12× | — | ||
| Q2 24 | 1.15× | — | ||
| Q1 24 | 1.17× | 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 | $208.2M | — |
| Free Cash FlowOCF − Capex | $183.7M | — |
| FCF MarginFCF / Revenue | 17.0% | — |
| Capex IntensityCapex / Revenue | 2.3% | 1.3% |
| Cash ConversionOCF / Net Profit | 2.73× | — |
| TTM Free Cash FlowTrailing 4 quarters | $366.8M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $208.2M | — | ||
| Q3 25 | $204.4M | $52.7M | ||
| Q2 25 | $149.4M | — | ||
| Q1 25 | $-83.4M | $27.6M | ||
| Q4 24 | $272.3M | $-23.2M | ||
| Q3 24 | $205.3M | $51.2M | ||
| Q2 24 | $261.5M | $-45.2M | ||
| Q1 24 | $-71.3M | $-51.7M |
| Q4 25 | $183.7M | — | ||
| Q3 25 | $177.0M | $48.6M | ||
| Q2 25 | $118.7M | — | ||
| Q1 25 | $-112.6M | $15.7M | ||
| Q4 24 | $212.1M | $-30.5M | ||
| Q3 24 | $175.6M | $40.7M | ||
| Q2 24 | $222.7M | $-59.6M | ||
| Q1 24 | $-135.9M | $-56.7M |
| Q4 25 | 17.0% | — | ||
| Q3 25 | 15.4% | 7.7% | ||
| Q2 25 | 9.9% | — | ||
| Q1 25 | -10.9% | 2.6% | ||
| Q4 24 | 19.2% | -4.8% | ||
| Q3 24 | 15.2% | 6.2% | ||
| Q2 24 | 18.0% | -9.3% | ||
| Q1 24 | -12.2% | -10.5% |
| Q4 25 | 2.3% | 1.3% | ||
| Q3 25 | 2.4% | 0.7% | ||
| Q2 25 | 2.6% | 0.8% | ||
| Q1 25 | 2.8% | 1.9% | ||
| Q4 24 | 5.5% | 1.1% | ||
| Q3 24 | 2.6% | 1.6% | ||
| Q2 24 | 3.1% | 2.2% | ||
| Q1 24 | 5.8% | 0.9% |
| Q4 25 | 2.73× | — | ||
| Q3 25 | 2.89× | — | ||
| Q2 25 | 1.49× | — | ||
| Q1 25 | -1.62× | — | ||
| Q4 24 | 2.59× | — | ||
| Q3 24 | 1.50× | — | ||
| Q2 24 | 1.95× | — | ||
| Q1 24 | -0.74× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FBIN
| Wholesale Retail Trade | $526.7M | 49% |
| Home Center Retailer | $257.1M | 24% |
| Security Segment | $165.8M | 15% |
| Other Retailer | $118.2M | 11% |
FWRD
| Omni Logistics Segment | $359.8M | 57% |
| Network | $183.9M | 29% |
| Intermodal Segment | $50.2M | 8% |
| Truckload | $41.6M | 7% |
