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Side-by-side financial comparison of FORWARD AIR CORP (FWRD) and IAMGOLD CORP (IAG). Click either name above to swap in a different company.

IAMGOLD CORP is the larger business by last-quarter revenue ($724.2M vs $631.2M, roughly 1.1× FORWARD AIR CORP).

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.

Iamgold Corporation is a Canadian company that owns and operates gold mines in Burkina Faso and Canada. Headquartered in Toronto, the company was incorporated in 1990, and went public on the Toronto Stock Exchange in 1996, with additional shares being listed on the New York Stock Exchange beginning in 2005. The company formerly owned or had stakes in the Sadiola and Yatela gold mines in Mali, the Mupane gold mine in Botswana, the Niobec niobium mine in Quebec, as well as a royalty in the Diav...

FWRD vs IAG — Head-to-Head

Bigger by revenue
IAG
IAG
1.1× larger
IAG
$724.2M
$631.2M
FWRD

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
FWRD
FWRD
IAG
IAG
Revenue
$631.2M
$724.2M
Net Profit
$-28.3M
Gross Margin
35.4%
Operating Margin
-0.5%
Net Margin
-4.5%
Revenue YoY
-0.3%
Net Profit YoY
22.2%
EPS (diluted)
$-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.

Revenue
FWRD
FWRD
IAG
IAG
Q4 25
$631.2M
Q3 25
$631.8M
Q2 25
$618.8M
$724.2M
Q1 25
$613.3M
$338.9M
Q4 24
$632.8M
Q3 24
$655.9M
Q2 24
$643.7M
$465.0M
Q1 24
$541.8M
$226.2M
Net Profit
FWRD
FWRD
IAG
IAG
Q4 25
$-28.3M
Q3 25
$-16.3M
Q2 25
$-12.6M
Q1 25
$-50.6M
Q4 24
$-36.4M
Q3 24
$-73.4M
Q2 24
$-645.4M
Q1 24
$-61.7M
Gross Margin
FWRD
FWRD
IAG
IAG
Q4 25
Q3 25
Q2 25
35.4%
Q1 25
31.2%
Q4 24
Q3 24
Q2 24
15.0%
Q1 24
19.1%
Operating Margin
FWRD
FWRD
IAG
IAG
Q4 25
-0.5%
Q3 25
2.4%
Q2 25
3.2%
Q1 25
0.8%
Q4 24
12.0%
Q3 24
3.5%
Q2 24
-170.2%
Q1 24
-12.1%
Net Margin
FWRD
FWRD
IAG
IAG
Q4 25
-4.5%
Q3 25
-2.6%
Q2 25
-2.0%
Q1 25
-8.3%
Q4 24
-5.8%
Q3 24
-11.2%
Q2 24
-100.3%
Q1 24
-11.4%
EPS (diluted)
FWRD
FWRD
IAG
IAG
Q4 25
$-0.90
Q3 25
$-0.52
Q2 25
$-0.41
Q1 25
$-1.68
Q4 24
$-1.69
Q3 24
$-2.66
Q2 24
$-23.47
Q1 24
$-2.81

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
FWRD
FWRD
IAG
IAG
Cash + ST InvestmentsLiquidity on hand
$106.0M
Total DebtLower is stronger
$1.7B
Stockholders' EquityBook value
$113.3M
Total Assets
$2.7B
Debt / EquityLower = less leverage
14.89×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FWRD
FWRD
IAG
IAG
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 24
$152.0M
Total Debt
FWRD
FWRD
IAG
IAG
Q4 25
$1.7B
Q3 25
$1.7B
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
$1.7B
Stockholders' Equity
FWRD
FWRD
IAG
IAG
Q4 25
$113.3M
Q3 25
$139.8M
Q2 25
$151.8M
Q1 25
$154.6M
Q4 24
$201.7M
Q3 24
$226.1M
Q2 24
$283.8M
Q1 24
$926.1M
Total Assets
FWRD
FWRD
IAG
IAG
Q4 25
$2.7B
Q3 25
$2.8B
Q2 25
$2.8B
Q1 25
$2.8B
Q4 24
$2.8B
Q3 24
$3.1B
Q2 24
$3.1B
Q1 24
$4.0B
Debt / Equity
FWRD
FWRD
IAG
IAG
Q4 25
14.89×
Q3 25
12.05×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
1.81×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

FWRD
FWRD

Omni Logistics Segment$359.8M57%
Network$183.9M29%
Intermodal Segment$50.2M8%
Truckload$41.6M7%

IAG
IAG

Segment breakdown not available.

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