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Side-by-side financial comparison of FORWARD AIR CORP (FWRD) and Park Hotels & Resorts Inc. (PK). Click either name above to swap in a different company.
FORWARD AIR CORP is the larger business by last-quarter revenue ($631.2M vs $630.0M, roughly 1.0× Park Hotels & Resorts Inc.). Park Hotels & Resorts Inc. runs the higher net margin — 1.9% vs -4.5%, a 6.4% gap on every dollar of revenue. On growth, FORWARD AIR CORP posted the faster year-over-year revenue change (-0.3% vs -1.3%). Over the past eight quarters, FORWARD AIR CORP's revenue compounded faster (7.9% CAGR vs -4.2%).
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.
Park Hotels & Resorts is an American real estate investment trust (REIT) focused on hotel properties, based in Tysons, Virginia. It was formed in 2017 as a spin-off from Hilton Worldwide.
FWRD vs PK — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $631.2M | $630.0M |
| Net Profit | $-28.3M | $12.0M |
| Gross Margin | — | — |
| Operating Margin | -0.5% | 9.8% |
| Net Margin | -4.5% | 1.9% |
| Revenue YoY | -0.3% | -1.3% |
| Net Profit YoY | 22.2% | 121.1% |
| EPS (diluted) | $-0.90 | $0.05 |
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 | — | $630.0M | ||
| Q4 25 | $631.2M | $629.0M | ||
| Q3 25 | $631.8M | $610.0M | ||
| Q2 25 | $618.8M | $672.0M | ||
| Q1 25 | $613.3M | $630.0M | ||
| Q4 24 | $632.8M | $625.0M | ||
| Q3 24 | $655.9M | $649.0M | ||
| Q2 24 | $643.7M | $686.0M |
| Q1 26 | — | $12.0M | ||
| Q4 25 | $-28.3M | $-205.0M | ||
| Q3 25 | $-16.3M | $-16.0M | ||
| Q2 25 | $-12.6M | $-5.0M | ||
| Q1 25 | $-50.6M | $-57.0M | ||
| Q4 24 | $-36.4M | $66.0M | ||
| Q3 24 | $-73.4M | $54.0M | ||
| Q2 24 | $-645.4M | $64.0M |
| Q1 26 | — | 9.8% | ||
| Q4 25 | -0.5% | -26.1% | ||
| Q3 25 | 2.4% | 9.7% | ||
| Q2 25 | 3.2% | 9.7% | ||
| Q1 25 | 0.8% | 1.1% | ||
| Q4 24 | 12.0% | 13.3% | ||
| Q3 24 | 3.5% | 14.6% | ||
| Q2 24 | -170.2% | 17.6% |
| Q1 26 | — | 1.9% | ||
| Q4 25 | -4.5% | -32.6% | ||
| Q3 25 | -2.6% | -2.6% | ||
| Q2 25 | -2.0% | -0.7% | ||
| Q1 25 | -8.3% | -9.0% | ||
| Q4 24 | -5.8% | 10.6% | ||
| Q3 24 | -11.2% | 8.3% | ||
| Q2 24 | -100.3% | 9.3% |
| Q1 26 | — | $0.05 | ||
| Q4 25 | $-0.90 | $-1.04 | ||
| Q3 25 | $-0.52 | $-0.08 | ||
| Q2 25 | $-0.41 | $-0.02 | ||
| Q1 25 | $-1.68 | $-0.29 | ||
| Q4 24 | $-1.69 | $0.32 | ||
| Q3 24 | $-2.66 | $0.26 | ||
| Q2 24 | $-23.47 | $0.30 |
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 | $156.0M |
| Total DebtLower is stronger | $1.7B | — |
| Stockholders' EquityBook value | $113.3M | $3.1B |
| Total Assets | $2.7B | — |
| Debt / EquityLower = less leverage | 14.89× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $156.0M | ||
| Q4 25 | $106.0M | $232.0M | ||
| Q3 25 | $140.4M | $278.0M | ||
| Q2 25 | $95.1M | $319.0M | ||
| Q1 25 | $116.3M | $233.0M | ||
| Q4 24 | $104.9M | $402.0M | ||
| Q3 24 | $136.6M | $480.0M | ||
| Q2 24 | $84.9M | $449.0M |
| Q1 26 | — | — | ||
| Q4 25 | $1.7B | $3.9B | ||
| Q3 25 | $1.7B | $3.9B | ||
| Q2 25 | — | $3.9B | ||
| Q1 25 | — | $3.9B | ||
| Q4 24 | — | $3.9B | ||
| Q3 24 | — | $3.9B | ||
| Q2 24 | — | $3.9B |
| Q1 26 | — | $3.1B | ||
| Q4 25 | $113.3M | $3.1B | ||
| Q3 25 | $139.8M | $3.4B | ||
| Q2 25 | $151.8M | $3.4B | ||
| Q1 25 | $154.6M | $3.5B | ||
| Q4 24 | $201.7M | $3.6B | ||
| Q3 24 | $226.1M | $3.8B | ||
| Q2 24 | $283.8M | $3.8B |
| Q1 26 | — | — | ||
| Q4 25 | $2.7B | $7.7B | ||
| Q3 25 | $2.8B | $8.8B | ||
| Q2 25 | $2.8B | $8.9B | ||
| Q1 25 | $2.8B | $8.9B | ||
| Q4 24 | $2.8B | $9.2B | ||
| Q3 24 | $3.1B | $9.2B | ||
| Q2 24 | $3.1B | $9.2B |
| Q1 26 | — | — | ||
| Q4 25 | 14.89× | 1.23× | ||
| Q3 25 | 12.05× | 1.14× | ||
| Q2 25 | — | 1.12× | ||
| Q1 25 | — | 1.11× | ||
| Q4 24 | — | 1.06× | ||
| Q3 24 | — | 1.03× | ||
| Q2 24 | — | 1.03× |
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% |
PK
| Comparable Hotel Revenues | $617.0M | 98% |
| Other | $13.0M | 2% |
