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Side-by-side financial comparison of FORWARD AIR CORP (FWRD) and RANGE RESOURCES CORP (RRC). Click either name above to swap in a different company.
RANGE RESOURCES CORP is the larger business by last-quarter revenue ($786.9M vs $631.2M, roughly 1.2× FORWARD AIR CORP). RANGE RESOURCES CORP runs the higher net margin — 22.8% vs -4.5%, a 27.2% gap on every dollar of revenue. On growth, RANGE RESOURCES CORP posted the faster year-over-year revenue change (18.0% vs -0.3%). Over the past eight quarters, RANGE RESOURCES CORP's revenue compounded faster (14.6% 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.
Range Resources Corporation is a natural gas exploration and production company, the headquartered is in Fort Worth, Texas. It operates in the Marcellus Formation, where it is the largest land owners.
FWRD vs RRC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $631.2M | $786.9M |
| Net Profit | $-28.3M | $179.1M |
| Gross Margin | — | 94.5% |
| Operating Margin | -0.5% | — |
| Net Margin | -4.5% | 22.8% |
| Revenue YoY | -0.3% | 18.0% |
| Net Profit YoY | 22.2% | 88.8% |
| EPS (diluted) | $-0.90 | $0.75 |
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 | $786.9M | ||
| Q3 25 | $631.8M | $655.3M | ||
| Q2 25 | $618.8M | $699.6M | ||
| Q1 25 | $613.3M | $846.3M | ||
| Q4 24 | $632.8M | $667.0M | ||
| Q3 24 | $655.9M | $567.9M | ||
| Q2 24 | $643.7M | $513.2M | ||
| Q1 24 | $541.8M | $598.8M |
| Q4 25 | $-28.3M | $179.1M | ||
| Q3 25 | $-16.3M | $144.3M | ||
| Q2 25 | $-12.6M | $237.6M | ||
| Q1 25 | $-50.6M | $97.1M | ||
| Q4 24 | $-36.4M | $94.8M | ||
| Q3 24 | $-73.4M | $50.7M | ||
| Q2 24 | $-645.4M | $28.7M | ||
| Q1 24 | $-61.7M | $92.1M |
| Q4 25 | — | 94.5% | ||
| Q3 25 | — | 92.5% | ||
| Q2 25 | — | 95.0% | ||
| Q1 25 | — | 93.1% | ||
| Q4 24 | — | 93.7% | ||
| Q3 24 | — | 94.3% | ||
| Q2 24 | — | 93.4% | ||
| Q1 24 | — | 94.7% |
| Q4 25 | -0.5% | — | ||
| Q3 25 | 2.4% | — | ||
| Q2 25 | 3.2% | — | ||
| Q1 25 | 0.8% | — | ||
| Q4 24 | 12.0% | — | ||
| Q3 24 | 3.5% | — | ||
| Q2 24 | -170.2% | — | ||
| Q1 24 | -12.1% | — |
| Q4 25 | -4.5% | 22.8% | ||
| Q3 25 | -2.6% | 22.0% | ||
| Q2 25 | -2.0% | 34.0% | ||
| Q1 25 | -8.3% | 11.5% | ||
| Q4 24 | -5.8% | 14.2% | ||
| Q3 24 | -11.2% | 8.9% | ||
| Q2 24 | -100.3% | 5.6% | ||
| Q1 24 | -11.4% | 15.4% |
| Q4 25 | $-0.90 | $0.75 | ||
| Q3 25 | $-0.52 | $0.60 | ||
| Q2 25 | $-0.41 | $0.99 | ||
| Q1 25 | $-1.68 | $0.40 | ||
| Q4 24 | $-1.69 | $0.38 | ||
| Q3 24 | $-2.66 | $0.21 | ||
| Q2 24 | $-23.47 | $0.12 | ||
| Q1 24 | $-2.81 | $0.38 |
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 | $204.0K |
| Total DebtLower is stronger | $1.7B | $1.2B |
| Stockholders' EquityBook value | $113.3M | $4.3B |
| Total Assets | $2.7B | $7.4B |
| Debt / EquityLower = less leverage | 14.89× | 0.28× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $106.0M | $204.0K | ||
| Q3 25 | $140.4M | $175.0K | ||
| Q2 25 | $95.1M | $134.0K | ||
| Q1 25 | $116.3M | $344.6M | ||
| Q4 24 | $104.9M | $304.5M | ||
| Q3 24 | $136.6M | $277.4M | ||
| Q2 24 | $84.9M | $251.1M | ||
| Q1 24 | $152.0M | $343.1M |
| Q4 25 | $1.7B | $1.2B | ||
| Q3 25 | $1.7B | $1.2B | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | — | $1.7B | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | — | $1.7B | ||
| Q2 24 | — | $1.7B | ||
| Q1 24 | $1.7B | $1.8B |
| Q4 25 | $113.3M | $4.3B | ||
| Q3 25 | $139.8M | $4.2B | ||
| Q2 25 | $151.8M | $4.1B | ||
| Q1 25 | $154.6M | $3.9B | ||
| Q4 24 | $201.7M | $3.9B | ||
| Q3 24 | $226.1M | $3.9B | ||
| Q2 24 | $283.8M | $3.9B | ||
| Q1 24 | $926.1M | $3.8B |
| Q4 25 | $2.7B | $7.4B | ||
| Q3 25 | $2.8B | $7.2B | ||
| Q2 25 | $2.8B | $7.1B | ||
| Q1 25 | $2.8B | $7.4B | ||
| Q4 24 | $2.8B | $7.3B | ||
| Q3 24 | $3.1B | $7.2B | ||
| Q2 24 | $3.1B | $7.3B | ||
| Q1 24 | $4.0B | $7.4B |
| Q4 25 | 14.89× | 0.28× | ||
| Q3 25 | 12.05× | 0.29× | ||
| Q2 25 | — | 0.29× | ||
| Q1 25 | — | 0.43× | ||
| Q4 24 | — | 0.43× | ||
| Q3 24 | — | 0.44× | ||
| Q2 24 | — | 0.44× | ||
| Q1 24 | 1.81× | 0.46× |
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 | — | $257.5M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | 1.3% | — |
| Cash ConversionOCF / Net Profit | — | 1.44× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $257.5M | ||
| Q3 25 | $52.7M | $247.5M | ||
| Q2 25 | — | $336.2M | ||
| Q1 25 | $27.6M | $330.1M | ||
| Q4 24 | $-23.2M | $217.9M | ||
| Q3 24 | $51.2M | $245.9M | ||
| Q2 24 | $-45.2M | $148.8M | ||
| Q1 24 | $-51.7M | $331.9M |
| Q4 25 | — | — | ||
| Q3 25 | $48.6M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $15.7M | — | ||
| Q4 24 | $-30.5M | — | ||
| Q3 24 | $40.7M | — | ||
| Q2 24 | $-59.6M | — | ||
| Q1 24 | $-56.7M | — |
| Q4 25 | — | — | ||
| Q3 25 | 7.7% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 2.6% | — | ||
| Q4 24 | -4.8% | — | ||
| Q3 24 | 6.2% | — | ||
| Q2 24 | -9.3% | — | ||
| Q1 24 | -10.5% | — |
| Q4 25 | 1.3% | — | ||
| Q3 25 | 0.7% | — | ||
| Q2 25 | 0.8% | — | ||
| Q1 25 | 1.9% | — | ||
| Q4 24 | 1.1% | — | ||
| Q3 24 | 1.6% | — | ||
| Q2 24 | 2.2% | — | ||
| Q1 24 | 0.9% | — |
| Q4 25 | — | 1.44× | ||
| Q3 25 | — | 1.72× | ||
| Q2 25 | — | 1.42× | ||
| Q1 25 | — | 3.40× | ||
| Q4 24 | — | 2.30× | ||
| Q3 24 | — | 4.85× | ||
| Q2 24 | — | 5.18× | ||
| Q1 24 | — | 3.60× |
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% |
RRC
| Natural Gas Natural Gas Liquids And Oil Sales | $745.5M | 95% |
| Brokered Natural Gas And Marketing | $41.3M | 5% |
