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Side-by-side financial comparison of FORWARD AIR CORP (FWRD) and GENESCO INC (GCO). Click either name above to swap in a different company.
FORWARD AIR CORP is the larger business by last-quarter revenue ($631.2M vs $616.2M, roughly 1.0× GENESCO INC). GENESCO INC runs the higher net margin — 0.9% vs -4.5%, a 5.4% gap on every dollar of revenue. On growth, GENESCO INC posted the faster year-over-year revenue change (3.3% vs -0.3%). Over the past eight quarters, FORWARD AIR CORP's revenue compounded faster (7.9% CAGR vs -8.7%).
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.
Genesco Inc. is an American publicly owned specialty retailer of branded footwear and accessories and is a wholesaler of branded and licensed footwear based in Nashville, Tennessee. Founded back in 1924 as Jarman Shoe Company, a footwear manufacturer, the company changed its name to General Shoe Corporation in 1933, and became a public company in 1939. By 1957, its stock would be included in the first S&P 500 Index. The company took its current name, Genesco—an acronym derived from its earlie...
FWRD vs GCO — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $631.2M | $616.2M |
| Net Profit | $-28.3M | $5.4M |
| Gross Margin | — | 46.8% |
| Operating Margin | -0.5% | 1.4% |
| Net Margin | -4.5% | 0.9% |
| Revenue YoY | -0.3% | 3.3% |
| Net Profit YoY | 22.2% | 128.3% |
| EPS (diluted) | $-0.90 | $0.50 |
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 | $631.2M | $616.2M | ||
| Q3 25 | $631.8M | $546.0M | ||
| Q2 25 | $618.8M | $474.0M | ||
| Q1 25 | $613.3M | $745.9M | ||
| Q4 24 | $632.8M | $596.3M | ||
| Q3 24 | $655.9M | $525.2M | ||
| Q2 24 | $643.7M | $457.6M | ||
| Q1 24 | $541.8M | $739.0M |
| Q4 25 | $-28.3M | $5.4M | ||
| Q3 25 | $-16.3M | $-18.5M | ||
| Q2 25 | $-12.6M | $-21.2M | ||
| Q1 25 | $-50.6M | $34.4M | ||
| Q4 24 | $-36.4M | $-18.9M | ||
| Q3 24 | $-73.4M | $-10.0M | ||
| Q2 24 | $-645.4M | $-24.3M | ||
| Q1 24 | $-61.7M | $27.2M |
| Q4 25 | — | 46.8% | ||
| Q3 25 | — | 45.8% | ||
| Q2 25 | — | 46.7% | ||
| Q1 25 | — | 46.9% | ||
| Q4 24 | — | 47.8% | ||
| Q3 24 | — | 46.8% | ||
| Q2 24 | — | 47.3% | ||
| Q1 24 | — | 46.3% |
| Q4 25 | -0.5% | 1.4% | ||
| Q3 25 | 2.4% | -2.6% | ||
| Q2 25 | 3.2% | -5.9% | ||
| Q1 25 | 0.8% | 6.2% | ||
| Q4 24 | 12.0% | 1.7% | ||
| Q3 24 | 3.5% | -2.0% | ||
| Q2 24 | -170.2% | -7.0% | ||
| Q1 24 | -12.1% | 5.0% |
| Q4 25 | -4.5% | 0.9% | ||
| Q3 25 | -2.6% | -3.4% | ||
| Q2 25 | -2.0% | -4.5% | ||
| Q1 25 | -8.3% | 4.6% | ||
| Q4 24 | -5.8% | -3.2% | ||
| Q3 24 | -11.2% | -1.9% | ||
| Q2 24 | -100.3% | -5.3% | ||
| Q1 24 | -11.4% | 3.7% |
| Q4 25 | $-0.90 | $0.50 | ||
| Q3 25 | $-0.52 | $-1.79 | ||
| Q2 25 | $-0.41 | $-2.02 | ||
| Q1 25 | $-1.68 | $3.16 | ||
| Q4 24 | $-1.69 | $-1.76 | ||
| Q3 24 | $-2.66 | $-0.91 | ||
| Q2 24 | $-23.47 | $-2.23 | ||
| Q1 24 | $-2.81 | $2.29 |
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 | $27.0M |
| Total DebtLower is stronger | $1.7B | $89.5M |
| Stockholders' EquityBook value | $113.3M | $513.8M |
| Total Assets | $2.7B | $1.5B |
| Debt / EquityLower = less leverage | 14.89× | 0.17× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $106.0M | $27.0M | ||
| Q3 25 | $140.4M | $41.0M | ||
| Q2 25 | $95.1M | $21.7M | ||
| Q1 25 | $116.3M | $34.0M | ||
| Q4 24 | $104.9M | $33.6M | ||
| Q3 24 | $136.6M | $45.9M | ||
| Q2 24 | $84.9M | $19.2M | ||
| Q1 24 | $152.0M | $35.2M |
| Q4 25 | $1.7B | $89.5M | ||
| Q3 25 | $1.7B | $71.0M | ||
| Q2 25 | — | $121.0M | ||
| Q1 25 | — | $0 | ||
| Q4 24 | — | $100.1M | ||
| Q3 24 | — | $77.8M | ||
| Q2 24 | — | $59.4M | ||
| Q1 24 | $1.7B | $34.7M |
| Q4 25 | $113.3M | $513.8M | ||
| Q3 25 | $139.8M | $506.4M | ||
| Q2 25 | $151.8M | $522.2M | ||
| Q1 25 | $154.6M | $547.0M | ||
| Q4 24 | $201.7M | $516.9M | ||
| Q3 24 | $226.1M | $532.6M | ||
| Q2 24 | $283.8M | $548.5M | ||
| Q1 24 | $926.1M | $571.2M |
| Q4 25 | $2.7B | $1.5B | ||
| Q3 25 | $2.8B | $1.4B | ||
| Q2 25 | $2.8B | $1.4B | ||
| Q1 25 | $2.8B | $1.3B | ||
| Q4 24 | $2.8B | $1.4B | ||
| Q3 24 | $3.1B | $1.4B | ||
| Q2 24 | $3.1B | $1.3B | ||
| Q1 24 | $4.0B | $1.3B |
| Q4 25 | 14.89× | 0.17× | ||
| Q3 25 | 12.05× | 0.14× | ||
| Q2 25 | — | 0.23× | ||
| Q1 25 | — | 0.00× | ||
| Q4 24 | — | 0.19× | ||
| Q3 24 | — | 0.15× | ||
| Q2 24 | — | 0.11× | ||
| Q1 24 | 1.81× | 0.06× |
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 | — | $-12.9M |
| Free Cash FlowOCF − Capex | — | $-31.5M |
| FCF MarginFCF / Revenue | — | -5.1% |
| Capex IntensityCapex / Revenue | 1.3% | 3.0% |
| Cash ConversionOCF / Net Profit | — | -2.41× |
| TTM Free Cash FlowTrailing 4 quarters | — | $23.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-12.9M | ||
| Q3 25 | $52.7M | $86.3M | ||
| Q2 25 | — | $-101.0M | ||
| Q1 25 | $27.6M | $117.0M | ||
| Q4 24 | $-23.2M | $-23.1M | ||
| Q3 24 | $51.2M | $27.7M | ||
| Q2 24 | $-45.2M | $-33.7M | ||
| Q1 24 | $-51.7M | $118.3M |
| Q4 25 | — | $-31.5M | ||
| Q3 25 | $48.6M | $71.7M | ||
| Q2 25 | — | $-119.9M | ||
| Q1 25 | $15.7M | $103.3M | ||
| Q4 24 | $-30.5M | $-36.2M | ||
| Q3 24 | $40.7M | $19.8M | ||
| Q2 24 | $-59.6M | $-40.1M | ||
| Q1 24 | $-56.7M | $107.8M |
| Q4 25 | — | -5.1% | ||
| Q3 25 | 7.7% | 13.1% | ||
| Q2 25 | — | -25.3% | ||
| Q1 25 | 2.6% | 13.8% | ||
| Q4 24 | -4.8% | -6.1% | ||
| Q3 24 | 6.2% | 3.8% | ||
| Q2 24 | -9.3% | -8.8% | ||
| Q1 24 | -10.5% | 14.6% |
| Q4 25 | 1.3% | 3.0% | ||
| Q3 25 | 0.7% | 2.7% | ||
| Q2 25 | 0.8% | 4.0% | ||
| Q1 25 | 1.9% | 1.8% | ||
| Q4 24 | 1.1% | 2.2% | ||
| Q3 24 | 1.6% | 1.5% | ||
| Q2 24 | 2.2% | 1.4% | ||
| Q1 24 | 0.9% | 1.4% |
| Q4 25 | — | -2.41× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 3.40× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 4.35× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FWRD
| Omni Logistics Segment | $359.8M | 57% |
| Network | $183.9M | 29% |
| Intermodal Segment | $50.2M | 8% |
| Truckload | $41.6M | 7% |
GCO
| Journeys Group Segment | $376.7M | 61% |
| Schuh Group Segment | $123.8M | 20% |
| Johnston And Murphy Group Segment | $81.2M | 13% |
| Genesco Brands Segment | $34.6M | 6% |
| Store Restructuring | $3.9M | 1% |
