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Side-by-side financial comparison of FORWARD AIR CORP (FWRD) and SENSIENT TECHNOLOGIES CORP (SXT). Click either name above to swap in a different company.

FORWARD AIR CORP is the larger business by last-quarter revenue ($631.2M vs $435.8M, roughly 1.4× SENSIENT TECHNOLOGIES CORP). SENSIENT TECHNOLOGIES CORP runs the higher net margin — 10.1% vs -4.5%, a 14.6% gap on every dollar of revenue. On growth, SENSIENT TECHNOLOGIES CORP posted the faster year-over-year revenue change (11.1% vs -0.3%). Over the past eight quarters, FORWARD AIR CORP's revenue compounded faster (7.9% CAGR vs 3.9%).

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.

Sensient Technologies is a global manufacturer and marketer of colors, flavors and fragrances based in Milwaukee, Wisconsin. Their products are used in many foods and beverages, pharmaceuticals, cosmetics, home and personal care products, specialty printing and imaging products, computer imaging and industrial colors. Sensient reported revenue of $1,468 million in 2013. Subdivisions include the Sensient Flavors & Fragrances Group and the Sensient Color Group. Within the Flavors & Fragrances G...

FWRD vs SXT — Head-to-Head

Bigger by revenue
FWRD
FWRD
1.4× larger
FWRD
$631.2M
$435.8M
SXT
Growing faster (revenue YoY)
SXT
SXT
+11.3% gap
SXT
11.1%
-0.3%
FWRD
Higher net margin
SXT
SXT
14.6% more per $
SXT
10.1%
-4.5%
FWRD
Faster 2-yr revenue CAGR
FWRD
FWRD
Annualised
FWRD
7.9%
3.9%
SXT

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
FWRD
FWRD
SXT
SXT
Revenue
$631.2M
$435.8M
Net Profit
$-28.3M
$44.2M
Gross Margin
Operating Margin
-0.5%
15.3%
Net Margin
-4.5%
10.1%
Revenue YoY
-0.3%
11.1%
Net Profit YoY
22.2%
28.2%
EPS (diluted)
$-0.90
$1.04

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.

Revenue
FWRD
FWRD
SXT
SXT
Q1 26
$435.8M
Q4 25
$631.2M
$393.4M
Q3 25
$631.8M
$412.1M
Q2 25
$618.8M
$414.2M
Q1 25
$613.3M
$392.3M
Q4 24
$632.8M
$376.4M
Q3 24
$655.9M
$392.6M
Q2 24
$643.7M
$403.5M
Net Profit
FWRD
FWRD
SXT
SXT
Q1 26
$44.2M
Q4 25
$-28.3M
$25.5M
Q3 25
$-16.3M
$37.0M
Q2 25
$-12.6M
$37.6M
Q1 25
$-50.6M
$34.5M
Q4 24
$-36.4M
$30.1M
Q3 24
$-73.4M
$32.7M
Q2 24
$-645.4M
$30.9M
Gross Margin
FWRD
FWRD
SXT
SXT
Q1 26
Q4 25
31.4%
Q3 25
34.3%
Q2 25
34.5%
Q1 25
33.6%
Q4 24
31.7%
Q3 24
33.2%
Q2 24
32.4%
Operating Margin
FWRD
FWRD
SXT
SXT
Q1 26
15.3%
Q4 25
-0.5%
9.7%
Q3 25
2.4%
14.0%
Q2 25
3.2%
13.9%
Q1 25
0.8%
13.6%
Q4 24
12.0%
11.2%
Q3 24
3.5%
12.9%
Q2 24
-170.2%
12.3%
Net Margin
FWRD
FWRD
SXT
SXT
Q1 26
10.1%
Q4 25
-4.5%
6.5%
Q3 25
-2.6%
9.0%
Q2 25
-2.0%
9.1%
Q1 25
-8.3%
8.8%
Q4 24
-5.8%
8.0%
Q3 24
-11.2%
8.3%
Q2 24
-100.3%
7.7%
EPS (diluted)
FWRD
FWRD
SXT
SXT
Q1 26
$1.04
Q4 25
$-0.90
$0.60
Q3 25
$-0.52
$0.87
Q2 25
$-0.41
$0.88
Q1 25
$-1.68
$0.81
Q4 24
$-1.69
$0.71
Q3 24
$-2.66
$0.77
Q2 24
$-23.47
$0.73

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
FWRD
FWRD
SXT
SXT
Cash + ST InvestmentsLiquidity on hand
$106.0M
$38.5M
Total DebtLower is stronger
$1.7B
$767.8M
Stockholders' EquityBook value
$113.3M
$1.2B
Total Assets
$2.7B
$2.3B
Debt / EquityLower = less leverage
14.89×
0.63×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FWRD
FWRD
SXT
SXT
Q1 26
$38.5M
Q4 25
$106.0M
$36.5M
Q3 25
$140.4M
$42.7M
Q2 25
$95.1M
$56.7M
Q1 25
$116.3M
$32.6M
Q4 24
$104.9M
$26.6M
Q3 24
$136.6M
$37.0M
Q2 24
$84.9M
$30.3M
Total Debt
FWRD
FWRD
SXT
SXT
Q1 26
$767.8M
Q4 25
$1.7B
$709.2M
Q3 25
$1.7B
Q2 25
Q1 25
Q4 24
$613.5M
Q3 24
Q2 24
Stockholders' Equity
FWRD
FWRD
SXT
SXT
Q1 26
$1.2B
Q4 25
$113.3M
$1.2B
Q3 25
$139.8M
$1.2B
Q2 25
$151.8M
$1.2B
Q1 25
$154.6M
$1.1B
Q4 24
$201.7M
$1.1B
Q3 24
$226.1M
$1.1B
Q2 24
$283.8M
$1.1B
Total Assets
FWRD
FWRD
SXT
SXT
Q1 26
$2.3B
Q4 25
$2.7B
$2.2B
Q3 25
$2.8B
$2.2B
Q2 25
$2.8B
$2.2B
Q1 25
$2.8B
$2.1B
Q4 24
$2.8B
$2.0B
Q3 24
$3.1B
$2.0B
Q2 24
$3.1B
$2.0B
Debt / Equity
FWRD
FWRD
SXT
SXT
Q1 26
0.63×
Q4 25
14.89×
0.59×
Q3 25
12.05×
Q2 25
Q1 25
Q4 24
0.58×
Q3 24
Q2 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

FWRD
FWRD

Omni Logistics Segment$359.8M57%
Network$183.9M29%
Intermodal Segment$50.2M8%
Truckload$41.6M7%

SXT
SXT

Segment breakdown not available.

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