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Side-by-side financial comparison of FORWARD AIR CORP (FWRD) and Savers Value Village, Inc. (SVV). Click either name above to swap in a different company.
FORWARD AIR CORP is the larger business by last-quarter revenue ($631.2M vs $426.9M, roughly 1.5× Savers Value Village, Inc.). Savers Value Village, Inc. runs the higher net margin — -3.3% vs -4.5%, a 1.2% gap on every dollar of revenue. On growth, Savers Value Village, Inc. posted the faster year-over-year revenue change (8.1% vs -0.3%). Over the past eight quarters, FORWARD AIR CORP's revenue compounded faster (7.9% CAGR vs 4.3%).
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.
Value Village Stores, Inc. was a Midwestern United States chain of retail stores aimed at the discount department-store market. Henry Horney, formerly of F.W. Woolworth Company founded a small, regional chain of discount stores located in the two states of Wisconsin and Illinois that opened in 1961 and operated into 1989. Horney also had a real estate company and often built small shopping malls adjoining the discount stores. The chain had no relation to the Savers Value Village chain of thri...
FWRD vs SVV — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $631.2M | $426.9M |
| Net Profit | $-28.3M | $-14.0M |
| Gross Margin | — | — |
| Operating Margin | -0.5% | 8.5% |
| Net Margin | -4.5% | -3.3% |
| Revenue YoY | -0.3% | 8.1% |
| Net Profit YoY | 22.2% | -164.6% |
| EPS (diluted) | $-0.90 | $-0.09 |
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 | — | ||
| Q3 25 | $631.8M | $426.9M | ||
| Q2 25 | $618.8M | $417.2M | ||
| Q1 25 | $613.3M | $370.1M | ||
| Q4 24 | $632.8M | $402.0M | ||
| Q3 24 | $655.9M | $394.8M | ||
| Q2 24 | $643.7M | $386.7M | ||
| Q1 24 | $541.8M | $354.2M |
| Q4 25 | $-28.3M | — | ||
| Q3 25 | $-16.3M | $-14.0M | ||
| Q2 25 | $-12.6M | $18.9M | ||
| Q1 25 | $-50.6M | $-4.7M | ||
| Q4 24 | $-36.4M | $-1.9M | ||
| Q3 24 | $-73.4M | $21.7M | ||
| Q2 24 | $-645.4M | $9.7M | ||
| Q1 24 | $-61.7M | $-467.0K |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 25.6% | ||
| Q2 24 | — | 26.6% | ||
| Q1 24 | — | 24.2% |
| Q4 25 | -0.5% | — | ||
| Q3 25 | 2.4% | 8.5% | ||
| Q2 25 | 3.2% | 8.2% | ||
| Q1 25 | 0.8% | 2.8% | ||
| Q4 24 | 12.0% | 8.2% | ||
| Q3 24 | 3.5% | 12.3% | ||
| Q2 24 | -170.2% | 8.3% | ||
| Q1 24 | -12.1% | 4.6% |
| Q4 25 | -4.5% | — | ||
| Q3 25 | -2.6% | -3.3% | ||
| Q2 25 | -2.0% | 4.5% | ||
| Q1 25 | -8.3% | -1.3% | ||
| Q4 24 | -5.8% | -0.5% | ||
| Q3 24 | -11.2% | 5.5% | ||
| Q2 24 | -100.3% | 2.5% | ||
| Q1 24 | -11.4% | -0.1% |
| Q4 25 | $-0.90 | — | ||
| Q3 25 | $-0.52 | $-0.09 | ||
| Q2 25 | $-0.41 | $0.12 | ||
| Q1 25 | $-1.68 | $-0.03 | ||
| Q4 24 | $-1.69 | $-0.02 | ||
| Q3 24 | $-2.66 | $0.13 | ||
| Q2 24 | $-23.47 | $0.06 | ||
| Q1 24 | $-2.81 | $0.00 |
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 | $63.5M |
| Total DebtLower is stronger | $1.7B | $750.0M |
| Stockholders' EquityBook value | $113.3M | $414.6M |
| Total Assets | $2.7B | $2.0B |
| Debt / EquityLower = less leverage | 14.89× | 1.81× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $106.0M | — | ||
| Q3 25 | $140.4M | $63.5M | ||
| Q2 25 | $95.1M | $70.5M | ||
| Q1 25 | $116.3M | $73.0M | ||
| Q4 24 | $104.9M | $150.0M | ||
| Q3 24 | $136.6M | $137.7M | ||
| Q2 24 | $84.9M | $160.7M | ||
| Q1 24 | $152.0M | $102.2M |
| Q4 25 | $1.7B | — | ||
| Q3 25 | $1.7B | $750.0M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $1.7B | — |
| Q4 25 | $113.3M | — | ||
| Q3 25 | $139.8M | $414.6M | ||
| Q2 25 | $151.8M | $423.5M | ||
| Q1 25 | $154.6M | $413.8M | ||
| Q4 24 | $201.7M | $421.7M | ||
| Q3 24 | $226.1M | $432.9M | ||
| Q2 24 | $283.8M | $419.5M | ||
| Q1 24 | $926.1M | $395.0M |
| Q4 25 | $2.7B | — | ||
| Q3 25 | $2.8B | $2.0B | ||
| Q2 25 | $2.8B | $1.9B | ||
| Q1 25 | $2.8B | $1.9B | ||
| Q4 24 | $2.8B | $1.9B | ||
| Q3 24 | $3.1B | $1.9B | ||
| Q2 24 | $3.1B | $1.9B | ||
| Q1 24 | $4.0B | $1.8B |
| Q4 25 | 14.89× | — | ||
| Q3 25 | 12.05× | 1.81× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 1.81× | — |
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 | — | $21.6M |
| Free Cash FlowOCF − Capex | — | $-6.3M |
| FCF MarginFCF / Revenue | — | -1.5% |
| Capex IntensityCapex / Revenue | 1.3% | 6.5% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $25.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | — | ||
| Q3 25 | $52.7M | $21.6M | ||
| Q2 25 | — | $54.4M | ||
| Q1 25 | $27.6M | $419.0K | ||
| Q4 24 | $-23.2M | $55.8M | ||
| Q3 24 | $51.2M | $23.9M | ||
| Q2 24 | $-45.2M | $60.4M | ||
| Q1 24 | $-51.7M | $-5.8M |
| Q4 25 | — | — | ||
| Q3 25 | $48.6M | $-6.3M | ||
| Q2 25 | — | $21.9M | ||
| Q1 25 | $15.7M | $-20.2M | ||
| Q4 24 | $-30.5M | $30.1M | ||
| Q3 24 | $40.7M | $-3.0M | ||
| Q2 24 | $-59.6M | $29.6M | ||
| Q1 24 | $-56.7M | $-28.3M |
| Q4 25 | — | — | ||
| Q3 25 | 7.7% | -1.5% | ||
| Q2 25 | — | 5.2% | ||
| Q1 25 | 2.6% | -5.4% | ||
| Q4 24 | -4.8% | 7.5% | ||
| Q3 24 | 6.2% | -0.8% | ||
| Q2 24 | -9.3% | 7.6% | ||
| Q1 24 | -10.5% | -8.0% |
| Q4 25 | 1.3% | — | ||
| Q3 25 | 0.7% | 6.5% | ||
| Q2 25 | 0.8% | 7.8% | ||
| Q1 25 | 1.9% | 5.6% | ||
| Q4 24 | 1.1% | 6.4% | ||
| Q3 24 | 1.6% | 6.8% | ||
| Q2 24 | 2.2% | 8.0% | ||
| Q1 24 | 0.9% | 6.4% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 2.88× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.10× | ||
| Q2 24 | — | 6.22× | ||
| Q1 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% |
SVV
| Sales Channel Directly To Consumer | $408.3M | 96% |
| Sales Channel Through Intermediary | $18.6M | 4% |
