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Side-by-side financial comparison of FORWARD AIR CORP (FWRD) and Reynolds Consumer Products Inc. (REYN). Click either name above to swap in a different company.
Reynolds Consumer Products Inc. is the larger business by last-quarter revenue ($1.0B vs $631.2M, roughly 1.6× FORWARD AIR CORP). Reynolds Consumer Products Inc. runs the higher net margin — 11.4% vs -4.5%, a 15.9% gap on every dollar of revenue. On growth, Reynolds Consumer Products Inc. posted the faster year-over-year revenue change (1.2% vs -0.3%). Over the past eight quarters, Reynolds Consumer Products Inc.'s revenue compounded faster (11.4% 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.
The Rival Company is an American manufacturer of small appliances that produces products under the Bionaire, Crock-Pot, Fasco, Patton, Pollenex, Rival, Simer, and White Mountain brands. It became a wholly owned subsidiary of Holmes Products Corp. in 1999, and later became a brand of Sunbeam Products, a subsidiary of Jarden Corporation, which purchased Holmes in 2005. Jarden, in turn, merged with Newell Rubbermaid in 2016. It is now part of the Newell Brands company.
FWRD vs REYN — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $631.2M | $1.0B |
| Net Profit | $-28.3M | $118.0M |
| Gross Margin | — | 25.7% |
| Operating Margin | -0.5% | 14.8% |
| Net Margin | -4.5% | 11.4% |
| Revenue YoY | -0.3% | 1.2% |
| Net Profit YoY | 22.2% | -1.7% |
| EPS (diluted) | $-0.90 | $0.55 |
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 | $1.0B | ||
| Q3 25 | $631.8M | $931.0M | ||
| Q2 25 | $618.8M | $938.0M | ||
| Q1 25 | $613.3M | $818.0M | ||
| Q4 24 | $632.8M | $1.0B | ||
| Q3 24 | $655.9M | $910.0M | ||
| Q2 24 | $643.7M | $930.0M | ||
| Q1 24 | $541.8M | $833.0M |
| Q4 25 | $-28.3M | $118.0M | ||
| Q3 25 | $-16.3M | $79.0M | ||
| Q2 25 | $-12.6M | $73.0M | ||
| Q1 25 | $-50.6M | $31.0M | ||
| Q4 24 | $-36.4M | $120.0M | ||
| Q3 24 | $-73.4M | $86.0M | ||
| Q2 24 | $-645.4M | $97.0M | ||
| Q1 24 | $-61.7M | $49.0M |
| Q4 25 | — | 25.7% | ||
| Q3 25 | — | 25.0% | ||
| Q2 25 | — | 24.1% | ||
| Q1 25 | — | 23.1% | ||
| Q4 24 | — | 27.6% | ||
| Q3 24 | — | 26.3% | ||
| Q2 24 | — | 27.5% | ||
| Q1 24 | — | 24.1% |
| Q4 25 | -0.5% | 14.8% | ||
| Q3 25 | 2.4% | 11.0% | ||
| Q2 25 | 3.2% | 10.2% | ||
| Q1 25 | 0.8% | 5.1% | ||
| Q4 24 | 12.0% | 15.5% | ||
| Q3 24 | 3.5% | 12.4% | ||
| Q2 24 | -170.2% | 12.4% | ||
| Q1 24 | -12.1% | 7.8% |
| Q4 25 | -4.5% | 11.4% | ||
| Q3 25 | -2.6% | 8.5% | ||
| Q2 25 | -2.0% | 7.8% | ||
| Q1 25 | -8.3% | 3.8% | ||
| Q4 24 | -5.8% | 11.7% | ||
| Q3 24 | -11.2% | 9.5% | ||
| Q2 24 | -100.3% | 10.4% | ||
| Q1 24 | -11.4% | 5.9% |
| Q4 25 | $-0.90 | $0.55 | ||
| Q3 25 | $-0.52 | $0.38 | ||
| Q2 25 | $-0.41 | $0.35 | ||
| Q1 25 | $-1.68 | $0.15 | ||
| Q4 24 | $-1.69 | $0.57 | ||
| Q3 24 | $-2.66 | $0.41 | ||
| Q2 24 | $-23.47 | $0.46 | ||
| Q1 24 | $-2.81 | $0.23 |
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 | $147.0M |
| Total DebtLower is stronger | $1.7B | $1.6B |
| Stockholders' EquityBook value | $113.3M | $2.3B |
| Total Assets | $2.7B | $4.9B |
| Debt / EquityLower = less leverage | 14.89× | 0.70× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $106.0M | $147.0M | ||
| Q3 25 | $140.4M | $53.0M | ||
| Q2 25 | $95.1M | $57.0M | ||
| Q1 25 | $116.3M | $58.0M | ||
| Q4 24 | $104.9M | $137.0M | ||
| Q3 24 | $136.6M | $96.0M | ||
| Q2 24 | $84.9M | $101.0M | ||
| Q1 24 | $152.0M | $135.0M |
| Q4 25 | $1.7B | $1.6B | ||
| Q3 25 | $1.7B | $1.6B | ||
| Q2 25 | — | $1.6B | ||
| Q1 25 | — | $1.6B | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | — | $1.7B | ||
| Q2 24 | — | $1.8B | ||
| Q1 24 | $1.7B | $1.8B |
| Q4 25 | $113.3M | $2.3B | ||
| Q3 25 | $139.8M | $2.2B | ||
| Q2 25 | $151.8M | $2.1B | ||
| Q1 25 | $154.6M | $2.1B | ||
| Q4 24 | $201.7M | $2.1B | ||
| Q3 24 | $226.1M | $2.1B | ||
| Q2 24 | $283.8M | $2.0B | ||
| Q1 24 | $926.1M | $2.0B |
| Q4 25 | $2.7B | $4.9B | ||
| Q3 25 | $2.8B | $4.9B | ||
| Q2 25 | $2.8B | $4.9B | ||
| Q1 25 | $2.8B | $4.8B | ||
| Q4 24 | $2.8B | $4.9B | ||
| Q3 24 | $3.1B | $4.8B | ||
| Q2 24 | $3.1B | $4.9B | ||
| Q1 24 | $4.0B | $4.9B |
| Q4 25 | 14.89× | 0.70× | ||
| Q3 25 | 12.05× | 0.75× | ||
| Q2 25 | — | 0.76× | ||
| Q1 25 | — | 0.77× | ||
| Q4 24 | — | 0.79× | ||
| Q3 24 | — | 0.84× | ||
| Q2 24 | — | 0.87× | ||
| Q1 24 | 1.81× | 0.92× |
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 | — | $237.0M |
| Free Cash FlowOCF − Capex | — | $200.0M |
| FCF MarginFCF / Revenue | — | 19.3% |
| Capex IntensityCapex / Revenue | 1.3% | 3.6% |
| Cash ConversionOCF / Net Profit | — | 2.01× |
| TTM Free Cash FlowTrailing 4 quarters | — | $316.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $237.0M | ||
| Q3 25 | $52.7M | $93.0M | ||
| Q2 25 | — | $91.0M | ||
| Q1 25 | $27.6M | $56.0M | ||
| Q4 24 | $-23.2M | $182.0M | ||
| Q3 24 | $51.2M | $124.0M | ||
| Q2 24 | $-45.2M | $84.0M | ||
| Q1 24 | $-51.7M | $99.0M |
| Q4 25 | — | $200.0M | ||
| Q3 25 | $48.6M | $48.0M | ||
| Q2 25 | — | $51.0M | ||
| Q1 25 | $15.7M | $17.0M | ||
| Q4 24 | $-30.5M | $141.0M | ||
| Q3 24 | $40.7M | $93.0M | ||
| Q2 24 | $-59.6M | $65.0M | ||
| Q1 24 | $-56.7M | $70.0M |
| Q4 25 | — | 19.3% | ||
| Q3 25 | 7.7% | 5.2% | ||
| Q2 25 | — | 5.4% | ||
| Q1 25 | 2.6% | 2.1% | ||
| Q4 24 | -4.8% | 13.8% | ||
| Q3 24 | 6.2% | 10.2% | ||
| Q2 24 | -9.3% | 7.0% | ||
| Q1 24 | -10.5% | 8.4% |
| Q4 25 | 1.3% | 3.6% | ||
| Q3 25 | 0.7% | 4.8% | ||
| Q2 25 | 0.8% | 4.3% | ||
| Q1 25 | 1.9% | 4.8% | ||
| Q4 24 | 1.1% | 4.0% | ||
| Q3 24 | 1.6% | 3.4% | ||
| Q2 24 | 2.2% | 2.0% | ||
| Q1 24 | 0.9% | 3.5% |
| Q4 25 | — | 2.01× | ||
| Q3 25 | — | 1.18× | ||
| Q2 25 | — | 1.25× | ||
| Q1 25 | — | 1.81× | ||
| Q4 24 | — | 1.52× | ||
| Q3 24 | — | 1.44× | ||
| Q2 24 | — | 0.87× | ||
| Q1 24 | — | 2.02× |
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% |
REYN
| Reynolds Cooking And Baking | $397.0M | 38% |
| Hefty Waste And Storage | $247.0M | 24% |
| Tableware Products | $229.0M | 22% |
| Presto Products | $164.0M | 16% |
