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Side-by-side financial comparison of FORWARD AIR CORP (FWRD) and PROSPERITY BANCSHARES INC (PB). Click either name above to swap in a different company.
FORWARD AIR CORP is the larger business by last-quarter revenue ($631.2M vs $367.6M, roughly 1.7× PROSPERITY BANCSHARES INC). PROSPERITY BANCSHARES INC runs the higher net margin — 31.6% vs -4.5%, a 36.1% gap on every dollar of revenue. Over the past eight quarters, PROSPERITY BANCSHARES INC's revenue compounded faster (19.2% 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.
Prosperity Bancshares, Inc. is a bank holding company headquartered in Houston, Texas with operations in Texas and central Oklahoma. As of December 31, 2019, the company operated 285 branches: 65 in the Houston area, including The Woodlands, Texas; 30 in South Texas, including Corpus Christi, Texas and Victoria, Texas; 75 in the Dallas–Fort Worth metroplex; 22 in East Texas; 29 in Central Texas, including Austin, Texas and San Antonio; 34 in West Texas, including Lubbock, Texas, Midland–Odess...
FWRD vs PB — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $631.2M | $367.6M |
| Net Profit | $-28.3M | $116.3M |
| Gross Margin | — | — |
| Operating Margin | -0.5% | — |
| Net Margin | -4.5% | 31.6% |
| Revenue YoY | -0.3% | — |
| Net Profit YoY | 22.2% | -10.7% |
| EPS (diluted) | $-0.90 | $1.16 |
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 | — | $367.6M | ||
| Q4 25 | $631.2M | $275.0M | ||
| Q3 25 | $631.8M | $273.4M | ||
| Q2 25 | $618.8M | $267.7M | ||
| Q1 25 | $613.3M | $265.4M | ||
| Q4 24 | $632.8M | $267.8M | ||
| Q3 24 | $655.9M | $261.7M | ||
| Q2 24 | $643.7M | $258.8M |
| Q1 26 | — | $116.3M | ||
| Q4 25 | $-28.3M | $139.9M | ||
| Q3 25 | $-16.3M | $137.6M | ||
| Q2 25 | $-12.6M | $135.2M | ||
| Q1 25 | $-50.6M | $130.2M | ||
| Q4 24 | $-36.4M | $130.1M | ||
| Q3 24 | $-73.4M | $127.3M | ||
| Q2 24 | $-645.4M | $111.6M |
| Q1 26 | — | — | ||
| Q4 25 | -0.5% | 65.1% | ||
| Q3 25 | 2.4% | 64.4% | ||
| Q2 25 | 3.2% | 64.3% | ||
| Q1 25 | 0.8% | 62.7% | ||
| Q4 24 | 12.0% | 62.0% | ||
| Q3 24 | 3.5% | 62.1% | ||
| Q2 24 | -170.2% | 55.2% |
| Q1 26 | — | 31.6% | ||
| Q4 25 | -4.5% | 50.9% | ||
| Q3 25 | -2.6% | 50.3% | ||
| Q2 25 | -2.0% | 50.5% | ||
| Q1 25 | -8.3% | 49.1% | ||
| Q4 24 | -5.8% | 48.6% | ||
| Q3 24 | -11.2% | 48.6% | ||
| Q2 24 | -100.3% | 43.1% |
| Q1 26 | — | $1.16 | ||
| Q4 25 | $-0.90 | $1.48 | ||
| Q3 25 | $-0.52 | $1.45 | ||
| Q2 25 | $-0.41 | $1.42 | ||
| Q1 25 | $-1.68 | $1.37 | ||
| Q4 24 | $-1.69 | $1.36 | ||
| Q3 24 | $-2.66 | $1.34 | ||
| Q2 24 | $-23.47 | $1.17 |
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 | $113.3M | $8.2B |
| Total Assets | $2.7B | $43.6B |
| 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 | — | $8.2B | ||
| Q4 25 | $113.3M | $7.6B | ||
| Q3 25 | $139.8M | $7.7B | ||
| Q2 25 | $151.8M | $7.6B | ||
| Q1 25 | $154.6M | $7.5B | ||
| Q4 24 | $201.7M | $7.4B | ||
| Q3 24 | $226.1M | $7.4B | ||
| Q2 24 | $283.8M | $7.3B |
| Q1 26 | — | $43.6B | ||
| Q4 25 | $2.7B | $38.5B | ||
| Q3 25 | $2.8B | $38.3B | ||
| Q2 25 | $2.8B | $38.4B | ||
| Q1 25 | $2.8B | $38.8B | ||
| Q4 24 | $2.8B | $39.6B | ||
| Q3 24 | $3.1B | $40.1B | ||
| Q2 24 | $3.1B | $39.8B |
| 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
FWRD
| Omni Logistics Segment | $359.8M | 57% |
| Network | $183.9M | 29% |
| Intermodal Segment | $50.2M | 8% |
| Truckload | $41.6M | 7% |
PB
| Net Interest Income | $321.1M | 87% |
| Noninterest Income | $46.5M | 13% |
