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Side-by-side financial comparison of FRESH DEL MONTE PRODUCE INC (FDP) and FORWARD AIR CORP (FWRD). Click either name above to swap in a different company.
FRESH DEL MONTE PRODUCE INC is the larger business by last-quarter revenue ($1.0B vs $631.2M, roughly 1.6× FORWARD AIR CORP). FRESH DEL MONTE PRODUCE INC runs the higher net margin — 3.2% vs -4.5%, a 7.7% gap on every dollar of revenue. On growth, FRESH DEL MONTE PRODUCE INC posted the faster year-over-year revenue change (0.6% vs -0.3%). Over the past eight quarters, FORWARD AIR CORP's revenue compounded faster (7.9% CAGR vs -4.1%).
Fresh Del Monte Produce Incorporated is one of the world’s leading vertically integrated producers, distributors, and marketers of prepared, fresh and fresh-cut fruits and vegetables. Incorporated in George Town, Cayman Islands, its US executive office is located at 241 Sevilla Avenue, Coral Gables, Florida.
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.
FDP vs FWRD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.0B | $631.2M |
| Net Profit | $32.3M | $-28.3M |
| Gross Margin | 10.4% | — |
| Operating Margin | 4.5% | -0.5% |
| Net Margin | 3.2% | -4.5% |
| Revenue YoY | 0.6% | -0.3% |
| Net Profit YoY | 59.1% | 22.2% |
| EPS (diluted) | $0.67 | $-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 | $1.0B | $631.2M | ||
| Q3 25 | $1.0B | $631.8M | ||
| Q2 25 | $1.2B | $618.8M | ||
| Q1 25 | $1.1B | $613.3M | ||
| Q4 24 | $1.0B | $632.8M | ||
| Q3 24 | $1.0B | $655.9M | ||
| Q2 24 | $1.1B | $643.7M | ||
| Q1 24 | $1.1B | $541.8M |
| Q4 25 | $32.3M | $-28.3M | ||
| Q3 25 | $-29.1M | $-16.3M | ||
| Q2 25 | $56.8M | $-12.6M | ||
| Q1 25 | $31.1M | $-50.6M | ||
| Q4 24 | $20.3M | $-36.4M | ||
| Q3 24 | $42.1M | $-73.4M | ||
| Q2 24 | $53.6M | $-645.4M | ||
| Q1 24 | $26.1M | $-61.7M |
| Q4 25 | 10.4% | — | ||
| Q3 25 | 7.9% | — | ||
| Q2 25 | 10.2% | — | ||
| Q1 25 | 8.4% | — | ||
| Q4 24 | 6.8% | — | ||
| Q3 24 | 9.2% | — | ||
| Q2 24 | 9.9% | — | ||
| Q1 24 | 7.4% | — |
| Q4 25 | 4.5% | -0.5% | ||
| Q3 25 | -2.1% | 2.4% | ||
| Q2 25 | 5.8% | 3.2% | ||
| Q1 25 | 4.1% | 0.8% | ||
| Q4 24 | 3.0% | 12.0% | ||
| Q3 24 | 5.3% | 3.5% | ||
| Q2 24 | 6.0% | -170.2% | ||
| Q1 24 | 4.0% | -12.1% |
| Q4 25 | 3.2% | -4.5% | ||
| Q3 25 | -2.8% | -2.6% | ||
| Q2 25 | 4.8% | -2.0% | ||
| Q1 25 | 2.8% | -8.3% | ||
| Q4 24 | 2.0% | -5.8% | ||
| Q3 24 | 4.1% | -11.2% | ||
| Q2 24 | 4.7% | -100.3% | ||
| Q1 24 | 2.4% | -11.4% |
| Q4 25 | $0.67 | $-0.90 | ||
| Q3 25 | $-0.61 | $-0.52 | ||
| Q2 25 | $1.18 | $-0.41 | ||
| Q1 25 | $0.64 | $-1.68 | ||
| Q4 24 | $0.41 | $-1.69 | ||
| Q3 24 | $0.88 | $-2.66 | ||
| Q2 24 | $1.12 | $-23.47 | ||
| Q1 24 | $0.55 | $-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 | $35.7M | $106.0M |
| Total DebtLower is stronger | $176.2M | $1.7B |
| Stockholders' EquityBook value | $2.0B | $113.3M |
| Total Assets | $3.1B | $2.7B |
| Debt / EquityLower = less leverage | 0.09× | 14.89× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $35.7M | $106.0M | ||
| Q3 25 | $97.2M | $140.4M | ||
| Q2 25 | $85.5M | $95.1M | ||
| Q1 25 | $34.4M | $116.3M | ||
| Q4 24 | $32.6M | $104.9M | ||
| Q3 24 | $50.8M | $136.6M | ||
| Q2 24 | $37.8M | $84.9M | ||
| Q1 24 | $42.2M | $152.0M |
| Q4 25 | $176.2M | $1.7B | ||
| Q3 25 | $176.7M | $1.7B | ||
| Q2 25 | $205.2M | — | ||
| Q1 25 | $237.4M | — | ||
| Q4 24 | $248.9M | — | ||
| Q3 24 | $274.8M | — | ||
| Q2 24 | $290.4M | — | ||
| Q1 24 | $405.8M | $1.7B |
| Q4 25 | $2.0B | $113.3M | ||
| Q3 25 | $2.0B | $139.8M | ||
| Q2 25 | $2.1B | $151.8M | ||
| Q1 25 | $2.0B | $154.6M | ||
| Q4 24 | $2.0B | $201.7M | ||
| Q3 24 | $2.0B | $226.1M | ||
| Q2 24 | $2.0B | $283.8M | ||
| Q1 24 | $1.9B | $926.1M |
| Q4 25 | $3.1B | $2.7B | ||
| Q3 25 | $3.1B | $2.8B | ||
| Q2 25 | $3.2B | $2.8B | ||
| Q1 25 | $3.2B | $2.8B | ||
| Q4 24 | $3.1B | $2.8B | ||
| Q3 24 | $3.2B | $3.1B | ||
| Q2 24 | $3.1B | $3.1B | ||
| Q1 24 | $3.2B | $4.0B |
| Q4 25 | 0.09× | 14.89× | ||
| Q3 25 | 0.09× | 12.05× | ||
| Q2 25 | 0.10× | — | ||
| Q1 25 | 0.12× | — | ||
| Q4 24 | 0.13× | — | ||
| Q3 24 | 0.14× | — | ||
| Q2 24 | 0.15× | — | ||
| Q1 24 | 0.21× | 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 | $10.9M | — |
| Free Cash FlowOCF − Capex | $-17.2M | — |
| FCF MarginFCF / Revenue | -1.7% | — |
| Capex IntensityCapex / Revenue | 2.8% | 1.3% |
| Cash ConversionOCF / Net Profit | 0.34× | — |
| TTM Free Cash FlowTrailing 4 quarters | $181.3M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $10.9M | — | ||
| Q3 25 | $75.0M | $52.7M | ||
| Q2 25 | $113.1M | — | ||
| Q1 25 | $46.1M | $27.6M | ||
| Q4 24 | $-4.7M | $-23.2M | ||
| Q3 24 | $43.5M | $51.2M | ||
| Q2 24 | $125.0M | $-45.2M | ||
| Q1 24 | $18.7M | $-51.7M |
| Q4 25 | $-17.2M | — | ||
| Q3 25 | $60.9M | $48.6M | ||
| Q2 25 | $101.5M | — | ||
| Q1 25 | $36.1M | $15.7M | ||
| Q4 24 | $-22.3M | $-30.5M | ||
| Q3 24 | $30.1M | $40.7M | ||
| Q2 24 | $117.0M | $-59.6M | ||
| Q1 24 | $6.0M | $-56.7M |
| Q4 25 | -1.7% | — | ||
| Q3 25 | 6.0% | 7.7% | ||
| Q2 25 | 8.6% | — | ||
| Q1 25 | 3.3% | 2.6% | ||
| Q4 24 | -2.2% | -4.8% | ||
| Q3 24 | 3.0% | 6.2% | ||
| Q2 24 | 10.3% | -9.3% | ||
| Q1 24 | 0.5% | -10.5% |
| Q4 25 | 2.8% | 1.3% | ||
| Q3 25 | 1.4% | 0.7% | ||
| Q2 25 | 1.0% | 0.8% | ||
| Q1 25 | 0.9% | 1.9% | ||
| Q4 24 | 1.7% | 1.1% | ||
| Q3 24 | 1.3% | 1.6% | ||
| Q2 24 | 0.7% | 2.2% | ||
| Q1 24 | 1.1% | 0.9% |
| Q4 25 | 0.34× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 1.99× | — | ||
| Q1 25 | 1.48× | — | ||
| Q4 24 | -0.23× | — | ||
| Q3 24 | 1.03× | — | ||
| Q2 24 | 2.33× | — | ||
| Q1 24 | 0.72× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FDP
| Other | $482.7M | 47% |
| Gold Pineapples | $184.9M | 18% |
| Fresh Cut Fruit | $126.4M | 12% |
| Fresh Cut Vegetables | $69.3M | 7% |
| Avocados | $66.9M | 7% |
| Other Fruit Productsand Services | $26.1M | 3% |
| Non Tropical Fruit | $23.0M | 2% |
| Melons | $20.6M | 2% |
| Vegetables | $19.6M | 2% |
FWRD
| Omni Logistics Segment | $359.8M | 57% |
| Network | $183.9M | 29% |
| Intermodal Segment | $50.2M | 8% |
| Truckload | $41.6M | 7% |
