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Side-by-side financial comparison of FORWARD AIR CORP (FWRD) and SERVICE CORP INTERNATIONAL (SCI). Click either name above to swap in a different company.
SERVICE CORP INTERNATIONAL is the larger business by last-quarter revenue ($1.1B vs $631.2M, roughly 1.8× FORWARD AIR CORP). SERVICE CORP INTERNATIONAL runs the higher net margin — 14.3% vs -4.5%, a 18.8% gap on every dollar of revenue. On growth, SERVICE CORP INTERNATIONAL posted the faster year-over-year revenue change (1.7% vs -0.3%). Over the past eight quarters, FORWARD AIR CORP's revenue compounded faster (7.9% CAGR vs 3.1%).
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.
International Distribution Services Limited is a British company providing postal and courier services. IDS was created in 2013 by the UK government as a new holding company of Royal Mail, and a majority of its shares were then sold on the London Stock Exchange, with the government initially retaining a 30 per cent at the time. As of April 2025, IDS is owned and operated by Czech-based EP Group, owned by Daniel Křetínský.
FWRD vs SCI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $631.2M | $1.1B |
| Net Profit | $-28.3M | $159.4M |
| Gross Margin | — | 28.0% |
| Operating Margin | -0.5% | 24.8% |
| Net Margin | -4.5% | 14.3% |
| Revenue YoY | -0.3% | 1.7% |
| Net Profit YoY | 22.2% | 5.3% |
| EPS (diluted) | $-0.90 | $1.13 |
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 | $1.1B | ||
| Q3 25 | $631.8M | $1.1B | ||
| Q2 25 | $618.8M | $1.1B | ||
| Q1 25 | $613.3M | $1.1B | ||
| Q4 24 | $632.8M | $1.1B | ||
| Q3 24 | $655.9M | $1.0B | ||
| Q2 24 | $643.7M | $1.0B | ||
| Q1 24 | $541.8M | $1.0B |
| Q4 25 | $-28.3M | $159.4M | ||
| Q3 25 | $-16.3M | $117.5M | ||
| Q2 25 | $-12.6M | $122.9M | ||
| Q1 25 | $-50.6M | $142.9M | ||
| Q4 24 | $-36.4M | $151.4M | ||
| Q3 24 | $-73.4M | $117.8M | ||
| Q2 24 | $-645.4M | $118.2M | ||
| Q1 24 | $-61.7M | $131.3M |
| Q4 25 | — | 28.0% | ||
| Q3 25 | — | 25.1% | ||
| Q2 25 | — | 25.5% | ||
| Q1 25 | — | 27.1% | ||
| Q4 24 | — | 28.0% | ||
| Q3 24 | — | 24.9% | ||
| Q2 24 | — | 24.9% | ||
| Q1 24 | — | 26.2% |
| Q4 25 | -0.5% | 24.8% | ||
| Q3 25 | 2.4% | 21.4% | ||
| Q2 25 | 3.2% | 21.1% | ||
| Q1 25 | 0.8% | 23.4% | ||
| Q4 24 | 12.0% | 24.0% | ||
| Q3 24 | 3.5% | 20.9% | ||
| Q2 24 | -170.2% | 21.4% | ||
| Q1 24 | -12.1% | 22.2% |
| Q4 25 | -4.5% | 14.3% | ||
| Q3 25 | -2.6% | 11.1% | ||
| Q2 25 | -2.0% | 11.5% | ||
| Q1 25 | -8.3% | 13.3% | ||
| Q4 24 | -5.8% | 13.8% | ||
| Q3 24 | -11.2% | 11.6% | ||
| Q2 24 | -100.3% | 11.4% | ||
| Q1 24 | -11.4% | 12.6% |
| Q4 25 | $-0.90 | $1.13 | ||
| Q3 25 | $-0.52 | $0.83 | ||
| Q2 25 | $-0.41 | $0.86 | ||
| Q1 25 | $-1.68 | $0.98 | ||
| Q4 24 | $-1.69 | $1.02 | ||
| Q3 24 | $-2.66 | $0.81 | ||
| Q2 24 | $-23.47 | $0.81 | ||
| Q1 24 | $-2.81 | $0.89 |
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 | $243.6M |
| Total DebtLower is stronger | $1.7B | $5.1B |
| Stockholders' EquityBook value | $113.3M | $1.6B |
| Total Assets | $2.7B | $18.7B |
| Debt / EquityLower = less leverage | 14.89× | 3.10× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $106.0M | $243.6M | ||
| Q3 25 | $140.4M | $241.3M | ||
| Q2 25 | $95.1M | $255.4M | ||
| Q1 25 | $116.3M | $227.2M | ||
| Q4 24 | $104.9M | $218.8M | ||
| Q3 24 | $136.6M | $185.4M | ||
| Q2 24 | $84.9M | $184.4M | ||
| Q1 24 | $152.0M | $205.6M |
| Q4 25 | $1.7B | $5.1B | ||
| Q3 25 | $1.7B | $5.0B | ||
| Q2 25 | — | $5.0B | ||
| Q1 25 | — | $4.7B | ||
| Q4 24 | — | $4.8B | ||
| Q3 24 | — | $4.7B | ||
| Q2 24 | — | $4.7B | ||
| Q1 24 | $1.7B | $4.6B |
| Q4 25 | $113.3M | $1.6B | ||
| Q3 25 | $139.8M | $1.6B | ||
| Q2 25 | $151.8M | $1.6B | ||
| Q1 25 | $154.6M | $1.7B | ||
| Q4 24 | $201.7M | $1.7B | ||
| Q3 24 | $226.1M | $1.6B | ||
| Q2 24 | $283.8M | $1.5B | ||
| Q1 24 | $926.1M | $1.6B |
| Q4 25 | $2.7B | $18.7B | ||
| Q3 25 | $2.8B | $18.4B | ||
| Q2 25 | $2.8B | $18.0B | ||
| Q1 25 | $2.8B | $17.3B | ||
| Q4 24 | $2.8B | $17.4B | ||
| Q3 24 | $3.1B | $17.4B | ||
| Q2 24 | $3.1B | $16.8B | ||
| Q1 24 | $4.0B | $16.7B |
| Q4 25 | 14.89× | 3.10× | ||
| Q3 25 | 12.05× | 3.17× | ||
| Q2 25 | — | 3.19× | ||
| Q1 25 | — | 2.87× | ||
| Q4 24 | — | 2.83× | ||
| Q3 24 | — | 2.92× | ||
| Q2 24 | — | 3.05× | ||
| Q1 24 | 1.81× | 2.90× |
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 | — | $212.9M |
| Free Cash FlowOCF − Capex | — | $87.2M |
| FCF MarginFCF / Revenue | — | 7.8% |
| Capex IntensityCapex / Revenue | 1.3% | 11.3% |
| Cash ConversionOCF / Net Profit | — | 1.34× |
| TTM Free Cash FlowTrailing 4 quarters | — | $554.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $212.9M | ||
| Q3 25 | $52.7M | $252.3M | ||
| Q2 25 | — | $166.4M | ||
| Q1 25 | $27.6M | $311.1M | ||
| Q4 24 | $-23.2M | $264.1M | ||
| Q3 24 | $51.2M | $263.8M | ||
| Q2 24 | $-45.2M | $196.9M | ||
| Q1 24 | $-51.7M | $220.1M |
| Q4 25 | — | $87.2M | ||
| Q3 25 | $48.6M | $150.7M | ||
| Q2 25 | — | $83.4M | ||
| Q1 25 | $15.7M | $233.0M | ||
| Q4 24 | $-30.5M | $151.8M | ||
| Q3 24 | $40.7M | $162.8M | ||
| Q2 24 | $-59.6M | $100.8M | ||
| Q1 24 | $-56.7M | $140.3M |
| Q4 25 | — | 7.8% | ||
| Q3 25 | 7.7% | 14.2% | ||
| Q2 25 | — | 7.8% | ||
| Q1 25 | 2.6% | 21.7% | ||
| Q4 24 | -4.8% | 13.9% | ||
| Q3 24 | 6.2% | 16.1% | ||
| Q2 24 | -9.3% | 9.7% | ||
| Q1 24 | -10.5% | 13.4% |
| Q4 25 | 1.3% | 11.3% | ||
| Q3 25 | 0.7% | 9.6% | ||
| Q2 25 | 0.8% | 7.8% | ||
| Q1 25 | 1.9% | 7.3% | ||
| Q4 24 | 1.1% | 10.3% | ||
| Q3 24 | 1.6% | 10.0% | ||
| Q2 24 | 2.2% | 9.3% | ||
| Q1 24 | 0.9% | 7.6% |
| Q4 25 | — | 1.34× | ||
| Q3 25 | — | 2.15× | ||
| Q2 25 | — | 1.35× | ||
| Q1 25 | — | 2.18× | ||
| Q4 24 | — | 1.75× | ||
| Q3 24 | — | 2.24× | ||
| Q2 24 | — | 1.67× | ||
| Q1 24 | — | 1.68× |
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% |
SCI
| Cemetery | $510.9M | 46% |
| Funeral Matured Preneed Revenue | $196.5M | 18% |
| Cemetery Recognized Preneed Merchandise And Service Revenue | $107.4M | 10% |
| Cemetery Atneed Revenue | $104.9M | 9% |
| CA | $56.4M | 5% |
| Funeral Other Revenue | $54.6M | 5% |
| Cemetery Other Revenue | $40.2M | 4% |
| Nonfuneral Home Revenue | $28.1M | 3% |
| Non Funeral Home Preneed Sales Revenue | $22.0M | 2% |
