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Side-by-side financial comparison of FULTON FINANCIAL CORP (FULT) 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 $336.2M, roughly 1.9× FULTON FINANCIAL CORP). FULTON FINANCIAL CORP runs the higher net margin — 28.2% vs -4.5%, a 32.7% gap on every dollar of revenue. On growth, FULTON FINANCIAL CORP posted the faster year-over-year revenue change (4.2% vs -0.3%). Over the past eight quarters, FORWARD AIR CORP's revenue compounded faster (7.9% CAGR vs 0.2%).
Fulton Financial Corporation is an American regional financial services holding company, headquartered in Lancaster, Pennsylvania.
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.
FULT vs FWRD — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $336.2M | $631.2M |
| Net Profit | $94.8M | $-28.3M |
| Gross Margin | — | — |
| Operating Margin | — | -0.5% |
| Net Margin | 28.2% | -4.5% |
| Revenue YoY | 4.2% | -0.3% |
| Net Profit YoY | 1.9% | 22.2% |
| EPS (diluted) | $0.55 | $-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 | $336.2M | — | ||
| Q4 25 | $336.0M | $631.2M | ||
| Q3 25 | $334.6M | $631.8M | ||
| Q2 25 | $324.1M | $618.8M | ||
| Q1 25 | $318.4M | $613.3M | ||
| Q4 24 | $319.6M | $632.8M | ||
| Q3 24 | $317.7M | $655.9M | ||
| Q2 24 | $334.7M | $643.7M |
| Q1 26 | $94.8M | — | ||
| Q4 25 | $99.0M | $-28.3M | ||
| Q3 25 | $100.5M | $-16.3M | ||
| Q2 25 | $99.2M | $-12.6M | ||
| Q1 25 | $93.0M | $-50.6M | ||
| Q4 24 | $68.6M | $-36.4M | ||
| Q3 24 | $63.2M | $-73.4M | ||
| Q2 24 | $95.0M | $-645.4M |
| Q1 26 | — | — | ||
| Q4 25 | 35.7% | -0.5% | ||
| Q3 25 | 38.2% | 2.4% | ||
| Q2 25 | 37.8% | 3.2% | ||
| Q1 25 | 36.1% | 0.8% | ||
| Q4 24 | 27.0% | 12.0% | ||
| Q3 24 | 25.1% | 3.5% | ||
| Q2 24 | 30.8% | -170.2% |
| Q1 26 | 28.2% | — | ||
| Q4 25 | 29.5% | -4.5% | ||
| Q3 25 | 30.0% | -2.6% | ||
| Q2 25 | 30.6% | -2.0% | ||
| Q1 25 | 29.2% | -8.3% | ||
| Q4 24 | 21.5% | -5.8% | ||
| Q3 24 | 19.9% | -11.2% | ||
| Q2 24 | 28.4% | -100.3% |
| Q1 26 | $0.55 | — | ||
| Q4 25 | $0.53 | $-0.90 | ||
| Q3 25 | $0.53 | $-0.52 | ||
| Q2 25 | $0.53 | $-0.41 | ||
| Q1 25 | $0.49 | $-1.68 | ||
| Q4 24 | $0.36 | $-1.69 | ||
| Q3 24 | $0.33 | $-2.66 | ||
| Q2 24 | $0.52 | $-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 | — | $106.0M |
| Total DebtLower is stronger | — | $1.7B |
| Stockholders' EquityBook value | $3.5B | $113.3M |
| Total Assets | $32.2B | $2.7B |
| Debt / EquityLower = less leverage | — | 14.89× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $106.0M | ||
| Q3 25 | — | $140.4M | ||
| Q2 25 | — | $95.1M | ||
| Q1 25 | — | $116.3M | ||
| Q4 24 | — | $104.9M | ||
| Q3 24 | — | $136.6M | ||
| Q2 24 | — | $84.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | $1.7B | ||
| Q3 25 | — | $1.7B | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $3.5B | — | ||
| Q4 25 | $3.5B | $113.3M | ||
| Q3 25 | $3.4B | $139.8M | ||
| Q2 25 | $3.3B | $151.8M | ||
| Q1 25 | $3.3B | $154.6M | ||
| Q4 24 | $3.2B | $201.7M | ||
| Q3 24 | $3.2B | $226.1M | ||
| Q2 24 | $3.1B | $283.8M |
| Q1 26 | $32.2B | — | ||
| Q4 25 | $32.1B | $2.7B | ||
| Q3 25 | $32.0B | $2.8B | ||
| Q2 25 | $32.0B | $2.8B | ||
| Q1 25 | $32.1B | $2.8B | ||
| Q4 24 | $32.1B | $2.8B | ||
| Q3 24 | $32.2B | $3.1B | ||
| Q2 24 | $31.8B | $3.1B |
| Q1 26 | — | — | ||
| Q4 25 | — | 14.89× | ||
| Q3 25 | — | 12.05× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FULT
Segment breakdown not available.
FWRD
| Omni Logistics Segment | $359.8M | 57% |
| Network | $183.9M | 29% |
| Intermodal Segment | $50.2M | 8% |
| Truckload | $41.6M | 7% |
