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Side-by-side financial comparison of FORWARD AIR CORP (FWRD) and SoFi Technologies, Inc. (SOFI). Click either name above to swap in a different company.
SoFi Technologies, Inc. is the larger business by last-quarter revenue ($1.1B vs $631.2M, roughly 1.7× FORWARD AIR CORP). SoFi Technologies, Inc. runs the higher net margin — 15.2% vs -4.5%, a 19.6% gap on every dollar of revenue. On growth, SoFi Technologies, Inc. posted the faster year-over-year revenue change (42.6% vs -0.3%). Over the past eight quarters, SoFi Technologies, Inc.'s revenue compounded faster (35.6% 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.
SoFi Technologies, Inc. is an American financial technology company. Founded in 2011 by Stanford University students, it operates as a nationally chartered online bank and is a technology provider to other financial institutions. SoFi is the largest U.S. based online lender, and has 13.7 million customers as of 2025.
FWRD vs SOFI — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $631.2M | $1.1B |
| Net Profit | $-28.3M | $166.7M |
| Gross Margin | — | — |
| Operating Margin | -0.5% | — |
| Net Margin | -4.5% | 15.2% |
| Revenue YoY | -0.3% | 42.6% |
| Net Profit YoY | 22.2% | 897.2% |
| EPS (diluted) | $-0.90 | $0.12 |
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 | — | $1.1B | ||
| Q4 25 | $631.2M | $1.0B | ||
| Q3 25 | $631.8M | $961.6M | ||
| Q2 25 | $618.8M | $854.9M | ||
| Q1 25 | $613.3M | $771.8M | ||
| Q4 24 | $632.8M | $734.1M | ||
| Q3 24 | $655.9M | $697.1M | ||
| Q2 24 | $643.7M | $598.6M |
| Q1 26 | — | $166.7M | ||
| Q4 25 | $-28.3M | $173.5M | ||
| Q3 25 | $-16.3M | $139.4M | ||
| Q2 25 | $-12.6M | $97.3M | ||
| Q1 25 | $-50.6M | $71.1M | ||
| Q4 24 | $-36.4M | $332.5M | ||
| Q3 24 | $-73.4M | $60.7M | ||
| Q2 24 | $-645.4M | $17.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | 84.2% | ||
| Q3 25 | — | 83.2% | ||
| Q2 25 | — | 82.4% | ||
| Q1 25 | — | 82.4% | ||
| Q4 24 | — | 82.5% | ||
| Q3 24 | — | 82.3% | ||
| Q2 24 | — | 81.7% |
| Q1 26 | — | — | ||
| Q4 25 | -0.5% | 18.1% | ||
| Q3 25 | 2.4% | 15.4% | ||
| Q2 25 | 3.2% | 13.1% | ||
| Q1 25 | 0.8% | 10.3% | ||
| Q4 24 | 12.0% | 8.2% | ||
| Q3 24 | 3.5% | 9.2% | ||
| Q2 24 | -170.2% | 2.6% |
| Q1 26 | — | 15.2% | ||
| Q4 25 | -4.5% | 16.9% | ||
| Q3 25 | -2.6% | 14.5% | ||
| Q2 25 | -2.0% | 11.4% | ||
| Q1 25 | -8.3% | 9.2% | ||
| Q4 24 | -5.8% | 45.3% | ||
| Q3 24 | -11.2% | 8.7% | ||
| Q2 24 | -100.3% | 2.9% |
| Q1 26 | — | $0.12 | ||
| Q4 25 | $-0.90 | $0.14 | ||
| Q3 25 | $-0.52 | $0.11 | ||
| Q2 25 | $-0.41 | $0.08 | ||
| Q1 25 | $-1.68 | $0.06 | ||
| Q4 24 | $-1.69 | $0.31 | ||
| Q3 24 | $-2.66 | $0.05 | ||
| Q2 24 | $-23.47 | $0.01 |
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 | $3.4B |
| Total DebtLower is stronger | $1.7B | — |
| Stockholders' EquityBook value | $113.3M | $10.8B |
| Total Assets | $2.7B | $53.7B |
| Debt / EquityLower = less leverage | 14.89× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $3.4B | ||
| Q4 25 | $106.0M | $4.9B | ||
| Q3 25 | $140.4M | $3.2B | ||
| Q2 25 | $95.1M | $2.1B | ||
| Q1 25 | $116.3M | $2.1B | ||
| Q4 24 | $104.9M | $2.5B | ||
| Q3 24 | $136.6M | $2.4B | ||
| Q2 24 | $84.9M | $2.3B |
| Q1 26 | — | — | ||
| Q4 25 | $1.7B | — | ||
| Q3 25 | $1.7B | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $10.8B | ||
| Q4 25 | $113.3M | $10.5B | ||
| Q3 25 | $139.8M | $8.8B | ||
| Q2 25 | $151.8M | $6.9B | ||
| Q1 25 | $154.6M | $6.7B | ||
| Q4 24 | $201.7M | $6.5B | ||
| Q3 24 | $226.1M | $6.1B | ||
| Q2 24 | $283.8M | $5.9B |
| Q1 26 | — | $53.7B | ||
| Q4 25 | $2.7B | $50.7B | ||
| Q3 25 | $2.8B | $45.3B | ||
| Q2 25 | $2.8B | $41.1B | ||
| Q1 25 | $2.8B | $37.7B | ||
| Q4 24 | $2.8B | $36.3B | ||
| Q3 24 | $3.1B | $34.4B | ||
| Q2 24 | $3.1B | $32.6B |
| 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% |
SOFI
| Loans and securitizations | $932.2M | 85% |
| Loan origination, sales, securitizations and servicing | $142.2M | 13% |
| Corporate borrowings | $10.7M | 1% |
| Securitizations and warehouses | $10.1M | 1% |
