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Side-by-side financial comparison of FORWARD AIR CORP (FWRD) and KEMPER Corp (KMPR). Click either name above to swap in a different company.
KEMPER Corp is the larger business by last-quarter revenue ($1.1B vs $631.2M, roughly 1.8× FORWARD AIR CORP). KEMPER Corp runs the higher net margin — -0.7% vs -4.5%, a 3.8% gap on every dollar of revenue. On growth, FORWARD AIR CORP posted the faster year-over-year revenue change (-0.3% vs -4.7%). Over the past eight quarters, FORWARD AIR CORP's revenue compounded faster (7.9% CAGR vs -0.5%).
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.
Kemper Corporation is an American insurance provider with corporate headquarters located in Chicago, Illinois. With nearly $13 billion in assets, the Kemper family of companies provides insurance to individuals, families, and businesses.
FWRD vs KMPR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $631.2M | $1.1B |
| Net Profit | $-28.3M | $-8.0M |
| Gross Margin | — | — |
| Operating Margin | -0.5% | — |
| Net Margin | -4.5% | -0.7% |
| Revenue YoY | -0.3% | -4.7% |
| Net Profit YoY | 22.2% | -108.2% |
| EPS (diluted) | $-0.90 | $-0.03 |
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 | $1.1B | ||
| Q3 25 | $631.8M | $1.2B | ||
| Q2 25 | $618.8M | $1.2B | ||
| Q1 25 | $613.3M | $1.2B | ||
| Q4 24 | $632.8M | $1.2B | ||
| Q3 24 | $655.9M | $1.2B | ||
| Q2 24 | $643.7M | $1.1B | ||
| Q1 24 | $541.8M | $1.1B |
| Q4 25 | $-28.3M | $-8.0M | ||
| Q3 25 | $-16.3M | $-21.0M | ||
| Q2 25 | $-12.6M | $72.6M | ||
| Q1 25 | $-50.6M | $99.7M | ||
| Q4 24 | $-36.4M | $97.4M | ||
| Q3 24 | $-73.4M | $73.7M | ||
| Q2 24 | $-645.4M | $75.4M | ||
| Q1 24 | $-61.7M | $71.3M |
| Q4 25 | -0.5% | — | ||
| Q3 25 | 2.4% | — | ||
| Q2 25 | 3.2% | — | ||
| Q1 25 | 0.8% | — | ||
| Q4 24 | 12.0% | — | ||
| Q3 24 | 3.5% | 11.2% | ||
| Q2 24 | -170.2% | 10.1% | ||
| Q1 24 | -12.1% | 7.6% |
| Q4 25 | -4.5% | -0.7% | ||
| Q3 25 | -2.6% | -1.7% | ||
| Q2 25 | -2.0% | 5.9% | ||
| Q1 25 | -8.3% | 8.4% | ||
| Q4 24 | -5.8% | 8.2% | ||
| Q3 24 | -11.2% | 6.3% | ||
| Q2 24 | -100.3% | 6.7% | ||
| Q1 24 | -11.4% | 6.2% |
| Q4 25 | $-0.90 | $-0.03 | ||
| Q3 25 | $-0.52 | $-0.34 | ||
| Q2 25 | $-0.41 | $1.12 | ||
| Q1 25 | $-1.68 | $1.54 | ||
| Q4 24 | $-1.69 | $1.51 | ||
| Q3 24 | $-2.66 | $1.14 | ||
| Q2 24 | $-23.47 | $1.16 | ||
| Q1 24 | $-2.81 | $1.10 |
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 | $943.5M |
| Stockholders' EquityBook value | $113.3M | $2.7B |
| Total Assets | $2.7B | $12.5B |
| Debt / EquityLower = less leverage | 14.89× | 0.35× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $106.0M | — | ||
| Q3 25 | $140.4M | $371.2M | ||
| Q2 25 | $95.1M | $407.6M | ||
| Q1 25 | $116.3M | $545.3M | ||
| Q4 24 | $104.9M | $1.0B | ||
| Q3 24 | $136.6M | $696.9M | ||
| Q2 24 | $84.9M | $539.1M | ||
| Q1 24 | $152.0M | $520.7M |
| Q4 25 | $1.7B | $943.5M | ||
| Q3 25 | $1.7B | $943.1M | ||
| Q2 25 | — | $942.6M | ||
| Q1 25 | — | $942.1M | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | — | $1.4B | ||
| Q2 24 | — | $1.4B | ||
| Q1 24 | $1.7B | $1.4B |
| Q4 25 | $113.3M | $2.7B | ||
| Q3 25 | $139.8M | $2.7B | ||
| Q2 25 | $151.8M | $370.0M | ||
| Q1 25 | $154.6M | $366.0M | ||
| Q4 24 | $201.7M | $2.8B | ||
| Q3 24 | $226.1M | $2.8B | ||
| Q2 24 | $283.8M | $358.0M | ||
| Q1 24 | $926.1M | $2.6B |
| Q4 25 | $2.7B | $12.5B | ||
| Q3 25 | $2.8B | $12.4B | ||
| Q2 25 | $2.8B | $12.6B | ||
| Q1 25 | $2.8B | $12.5B | ||
| Q4 24 | $2.8B | $12.6B | ||
| Q3 24 | $3.1B | $12.6B | ||
| Q2 24 | $3.1B | $12.6B | ||
| Q1 24 | $4.0B | $12.6B |
| Q4 25 | 14.89× | 0.35× | ||
| Q3 25 | 12.05× | 0.35× | ||
| Q2 25 | — | 2.55× | ||
| Q1 25 | — | 2.57× | ||
| Q4 24 | — | 0.50× | ||
| Q3 24 | — | 0.50× | ||
| Q2 24 | — | 3.88× | ||
| Q1 24 | 1.81× | 0.54× |
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 | — | $175.0M |
| Free Cash FlowOCF − Capex | — | $166.2M |
| FCF MarginFCF / Revenue | — | 14.7% |
| Capex IntensityCapex / Revenue | 1.3% | 0.8% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $553.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $175.0M | ||
| Q3 25 | $52.7M | $139.9M | ||
| Q2 25 | — | $89.6M | ||
| Q1 25 | $27.6M | $180.0M | ||
| Q4 24 | $-23.2M | $175.1M | ||
| Q3 24 | $51.2M | $141.9M | ||
| Q2 24 | $-45.2M | $22.9M | ||
| Q1 24 | $-51.7M | $43.0M |
| Q4 25 | — | $166.2M | ||
| Q3 25 | $48.6M | $133.4M | ||
| Q2 25 | — | $82.0M | ||
| Q1 25 | $15.7M | $172.3M | ||
| Q4 24 | $-30.5M | $165.4M | ||
| Q3 24 | $40.7M | $131.4M | ||
| Q2 24 | $-59.6M | $5.2M | ||
| Q1 24 | $-56.7M | $27.7M |
| Q4 25 | — | 14.7% | ||
| Q3 25 | 7.7% | 10.8% | ||
| Q2 25 | — | 6.7% | ||
| Q1 25 | 2.6% | 14.4% | ||
| Q4 24 | -4.8% | 13.9% | ||
| Q3 24 | 6.2% | 11.1% | ||
| Q2 24 | -9.3% | 0.5% | ||
| Q1 24 | -10.5% | 2.4% |
| Q4 25 | 1.3% | 0.8% | ||
| Q3 25 | 0.7% | 0.5% | ||
| Q2 25 | 0.8% | 0.6% | ||
| Q1 25 | 1.9% | 0.6% | ||
| Q4 24 | 1.1% | 0.8% | ||
| Q3 24 | 1.6% | 0.9% | ||
| Q2 24 | 2.2% | 1.6% | ||
| Q1 24 | 0.9% | 1.3% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 1.23× | ||
| Q1 25 | — | 1.81× | ||
| Q4 24 | — | 1.80× | ||
| Q3 24 | — | 1.93× | ||
| Q2 24 | — | 0.30× | ||
| Q1 24 | — | 0.60× |
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% |
KMPR
| Specialty Property Casualty Insurance Segment | $995.1M | 88% |
| Life Insurance Segment1 | $140.7M | 12% |
