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Side-by-side financial comparison of FORWARD AIR CORP (FWRD) and Mobileye Global Inc. (MBLY). Click either name above to swap in a different company.
FORWARD AIR CORP is the larger business by last-quarter revenue ($631.2M vs $558.0M, roughly 1.1× Mobileye Global Inc.). On growth, Mobileye Global Inc. posted the faster year-over-year revenue change (27.4% vs -0.3%). Over the past eight quarters, Mobileye Global Inc.'s revenue compounded faster (12.7% CAGR vs 7.9%).
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.
Mobileye Global Inc. is a United States-domiciled, Israel-headquartered autonomous driving company. It is developing self-driving technologies and advanced driver-assistance systems (ADAS) including cameras, computer chips, and software. Mobileye was acquired by Intel in 2017 and went public again in 2022.
FWRD vs MBLY — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $631.2M | $558.0M |
| Net Profit | $-28.3M | — |
| Gross Margin | — | 49.3% |
| Operating Margin | -0.5% | -647.5% |
| Net Margin | -4.5% | — |
| Revenue YoY | -0.3% | 27.4% |
| 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.
| Q1 26 | — | $558.0M | ||
| Q4 25 | $631.2M | $446.0M | ||
| Q3 25 | $631.8M | $504.0M | ||
| Q2 25 | $618.8M | $506.0M | ||
| Q1 25 | $613.3M | $438.0M | ||
| Q4 24 | $632.8M | $490.0M | ||
| Q3 24 | $655.9M | $486.0M | ||
| Q2 24 | $643.7M | $439.0M |
| Q1 26 | — | — | ||
| Q4 25 | $-28.3M | $-127.0M | ||
| Q3 25 | $-16.3M | $-96.0M | ||
| Q2 25 | $-12.6M | $-67.0M | ||
| Q1 25 | $-50.6M | $-102.0M | ||
| Q4 24 | $-36.4M | $-71.0M | ||
| Q3 24 | $-73.4M | $-2.7B | ||
| Q2 24 | $-645.4M | $-86.0M |
| Q1 26 | — | 49.3% | ||
| Q4 25 | — | 45.3% | ||
| Q3 25 | — | 48.2% | ||
| Q2 25 | — | 49.8% | ||
| Q1 25 | — | 47.3% | ||
| Q4 24 | — | 49.2% | ||
| Q3 24 | — | 48.8% | ||
| Q2 24 | — | 47.6% |
| Q1 26 | — | -647.5% | ||
| Q4 25 | -0.5% | -31.4% | ||
| Q3 25 | 2.4% | -21.6% | ||
| Q2 25 | 3.2% | -14.6% | ||
| Q1 25 | 0.8% | -26.7% | ||
| Q4 24 | 12.0% | -17.6% | ||
| Q3 24 | 3.5% | -577.6% | ||
| Q2 24 | -170.2% | -21.4% |
| Q1 26 | — | — | ||
| Q4 25 | -4.5% | -28.5% | ||
| Q3 25 | -2.6% | -19.0% | ||
| Q2 25 | -2.0% | -13.2% | ||
| Q1 25 | -8.3% | -23.3% | ||
| Q4 24 | -5.8% | -14.5% | ||
| Q3 24 | -11.2% | -558.6% | ||
| Q2 24 | -100.3% | -19.6% |
| Q1 26 | — | — | ||
| Q4 25 | $-0.90 | $-0.15 | ||
| Q3 25 | $-0.52 | $-0.12 | ||
| Q2 25 | $-0.41 | $-0.08 | ||
| Q1 25 | $-1.68 | $-0.13 | ||
| Q4 24 | $-1.69 | $-0.09 | ||
| Q3 24 | $-2.66 | $-3.35 | ||
| Q2 24 | $-23.47 | $-0.11 |
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 | $1.2B |
| Total DebtLower is stronger | $1.7B | — |
| Stockholders' EquityBook value | $113.3M | $8.2B |
| Total Assets | $2.7B | $8.7B |
| Debt / EquityLower = less leverage | 14.89× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $1.2B | ||
| Q4 25 | $106.0M | $1.8B | ||
| Q3 25 | $140.4M | $1.7B | ||
| Q2 25 | $95.1M | $1.7B | ||
| Q1 25 | $116.3M | $1.5B | ||
| Q4 24 | $104.9M | $1.4B | ||
| Q3 24 | $136.6M | $1.3B | ||
| Q2 24 | $84.9M | $1.2B |
| Q1 26 | — | — | ||
| Q4 25 | $1.7B | — | ||
| Q3 25 | $1.7B | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $8.2B | ||
| Q4 25 | $113.3M | $11.9B | ||
| Q3 25 | $139.8M | $11.9B | ||
| Q2 25 | $151.8M | $12.1B | ||
| Q1 25 | $154.6M | $12.0B | ||
| Q4 24 | $201.7M | $12.1B | ||
| Q3 24 | $226.1M | $12.1B | ||
| Q2 24 | $283.8M | $14.7B |
| Q1 26 | — | $8.7B | ||
| Q4 25 | $2.7B | $12.5B | ||
| Q3 25 | $2.8B | $12.5B | ||
| 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 | $15.3B |
| Q1 26 | — | — | ||
| Q4 25 | 14.89× | — | ||
| Q3 25 | 12.05× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | — | $75.0M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | 1.3% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $75.0M | ||
| Q4 25 | — | $113.0M | ||
| Q3 25 | $52.7M | $167.0M | ||
| Q2 25 | — | $213.0M | ||
| Q1 25 | $27.6M | $109.0M | ||
| Q4 24 | $-23.2M | $204.0M | ||
| Q3 24 | $51.2M | $126.0M | ||
| Q2 24 | $-45.2M | $30.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $86.0M | ||
| Q3 25 | $48.6M | $143.0M | ||
| Q2 25 | — | $199.0M | ||
| Q1 25 | $15.7M | $95.0M | ||
| Q4 24 | $-30.5M | $191.0M | ||
| Q3 24 | $40.7M | $104.0M | ||
| Q2 24 | $-59.6M | $6.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 19.3% | ||
| Q3 25 | 7.7% | 28.4% | ||
| Q2 25 | — | 39.3% | ||
| Q1 25 | 2.6% | 21.7% | ||
| Q4 24 | -4.8% | 39.0% | ||
| Q3 24 | 6.2% | 21.4% | ||
| Q2 24 | -9.3% | 1.4% |
| Q1 26 | — | — | ||
| Q4 25 | 1.3% | 6.1% | ||
| Q3 25 | 0.7% | 4.8% | ||
| Q2 25 | 0.8% | 2.8% | ||
| Q1 25 | 1.9% | 3.2% | ||
| Q4 24 | 1.1% | 2.7% | ||
| Q3 24 | 1.6% | 4.5% | ||
| Q2 24 | 2.2% | 5.5% |
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% |
MBLY
Segment breakdown not available.
