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

FORWARD AIR CORP is the larger business by last-quarter revenue ($631.2M vs $349.4M, roughly 1.8× INTERFACE INC). INTERFACE INC runs the higher net margin — 7.0% vs -4.5%, a 11.5% gap on every dollar of revenue. On growth, INTERFACE INC posted the faster year-over-year revenue change (4.3% vs -0.3%). Over the past eight quarters, INTERFACE INC's revenue compounded faster (9.8% 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.

Interface, Inc., headquartered in Atlanta, Georgia, is a global manufacturer of commercial flooring. The company sells modular carpet tiles, luxury vinyl tile, and Nora brand rubber flooring.

FWRD vs TILE — Head-to-Head

Bigger by revenue
FWRD
FWRD
1.8× larger
FWRD
$631.2M
$349.4M
TILE
Growing faster (revenue YoY)
TILE
TILE
+4.5% gap
TILE
4.3%
-0.3%
FWRD
Higher net margin
TILE
TILE
11.5% more per $
TILE
7.0%
-4.5%
FWRD
Faster 2-yr revenue CAGR
TILE
TILE
Annualised
TILE
9.8%
7.9%
FWRD

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FWRD
FWRD
TILE
TILE
Revenue
$631.2M
$349.4M
Net Profit
$-28.3M
$24.4M
Gross Margin
38.6%
Operating Margin
-0.5%
10.1%
Net Margin
-4.5%
7.0%
Revenue YoY
-0.3%
4.3%
Net Profit YoY
22.2%
12.1%
EPS (diluted)
$-0.90
$0.41

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
TILE
TILE
Q4 25
$631.2M
$349.4M
Q3 25
$631.8M
$364.5M
Q2 25
$618.8M
$375.5M
Q1 25
$613.3M
$297.4M
Q4 24
$632.8M
$335.0M
Q3 24
$655.9M
$344.3M
Q2 24
$643.7M
$346.6M
Q1 24
$541.8M
$289.7M
Net Profit
FWRD
FWRD
TILE
TILE
Q4 25
$-28.3M
$24.4M
Q3 25
$-16.3M
$46.1M
Q2 25
$-12.6M
$32.6M
Q1 25
$-50.6M
$13.0M
Q4 24
$-36.4M
$21.8M
Q3 24
$-73.4M
$28.4M
Q2 24
$-645.4M
$22.6M
Q1 24
$-61.7M
$14.2M
Gross Margin
FWRD
FWRD
TILE
TILE
Q4 25
38.6%
Q3 25
39.4%
Q2 25
39.4%
Q1 25
37.3%
Q4 24
36.5%
Q3 24
37.1%
Q2 24
35.4%
Q1 24
38.1%
Operating Margin
FWRD
FWRD
TILE
TILE
Q4 25
-0.5%
10.1%
Q3 25
2.4%
14.6%
Q2 25
3.2%
13.9%
Q1 25
0.8%
7.8%
Q4 24
12.0%
8.8%
Q3 24
3.5%
12.3%
Q2 24
-170.2%
11.0%
Q1 24
-12.1%
8.4%
Net Margin
FWRD
FWRD
TILE
TILE
Q4 25
-4.5%
7.0%
Q3 25
-2.6%
12.7%
Q2 25
-2.0%
8.7%
Q1 25
-8.3%
4.4%
Q4 24
-5.8%
6.5%
Q3 24
-11.2%
8.3%
Q2 24
-100.3%
6.5%
Q1 24
-11.4%
4.9%
EPS (diluted)
FWRD
FWRD
TILE
TILE
Q4 25
$-0.90
$0.41
Q3 25
$-0.52
$0.78
Q2 25
$-0.41
$0.55
Q1 25
$-1.68
$0.22
Q4 24
$-1.69
$0.38
Q3 24
$-2.66
$0.48
Q2 24
$-23.47
$0.38
Q1 24
$-2.81
$0.24

Balance Sheet & Financial Strength

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

Metric
FWRD
FWRD
TILE
TILE
Cash + ST InvestmentsLiquidity on hand
$106.0M
$71.3M
Total DebtLower is stronger
$1.7B
$181.6M
Stockholders' EquityBook value
$113.3M
$640.7M
Total Assets
$2.7B
$1.2B
Debt / EquityLower = less leverage
14.89×
0.28×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FWRD
FWRD
TILE
TILE
Q4 25
$106.0M
$71.3M
Q3 25
$140.4M
$187.4M
Q2 25
$95.1M
$121.7M
Q1 25
$116.3M
$97.8M
Q4 24
$104.9M
$99.2M
Q3 24
$136.6M
$115.6M
Q2 24
$84.9M
$94.2M
Q1 24
$152.0M
$89.8M
Total Debt
FWRD
FWRD
TILE
TILE
Q4 25
$1.7B
$181.6M
Q3 25
$1.7B
$307.8M
Q2 25
$304.4M
Q1 25
$302.9M
Q4 24
$302.8M
Q3 24
$337.9M
Q2 24
$387.6M
Q1 24
$1.7B
$391.8M
Stockholders' Equity
FWRD
FWRD
TILE
TILE
Q4 25
$113.3M
$640.7M
Q3 25
$139.8M
$621.0M
Q2 25
$151.8M
$575.0M
Q1 25
$154.6M
$513.1M
Q4 24
$201.7M
$489.1M
Q3 24
$226.1M
$501.6M
Q2 24
$283.8M
$451.2M
Q1 24
$926.1M
$428.5M
Total Assets
FWRD
FWRD
TILE
TILE
Q4 25
$2.7B
$1.2B
Q3 25
$2.8B
$1.3B
Q2 25
$2.8B
$1.3B
Q1 25
$2.8B
$1.2B
Q4 24
$2.8B
$1.2B
Q3 24
$3.1B
$1.2B
Q2 24
$3.1B
$1.2B
Q1 24
$4.0B
$1.2B
Debt / Equity
FWRD
FWRD
TILE
TILE
Q4 25
14.89×
0.28×
Q3 25
12.05×
0.50×
Q2 25
0.53×
Q1 25
0.59×
Q4 24
0.62×
Q3 24
0.67×
Q2 24
0.86×
Q1 24
1.81×
0.91×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
FWRD
FWRD
TILE
TILE
Operating Cash FlowLast quarter
$49.3M
Free Cash FlowOCF − Capex
$28.6M
FCF MarginFCF / Revenue
8.2%
Capex IntensityCapex / Revenue
1.3%
5.9%
Cash ConversionOCF / Net Profit
2.02×
TTM Free Cash FlowTrailing 4 quarters
$121.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FWRD
FWRD
TILE
TILE
Q4 25
$49.3M
Q3 25
$52.7M
$76.7M
Q2 25
$30.1M
Q1 25
$27.6M
$11.7M
Q4 24
$-23.2M
$38.0M
Q3 24
$51.2M
$76.2M
Q2 24
$-45.2M
$21.5M
Q1 24
$-51.7M
$12.6M
Free Cash Flow
FWRD
FWRD
TILE
TILE
Q4 25
$28.6M
Q3 25
$48.6M
$66.1M
Q2 25
$22.8M
Q1 25
$15.7M
$4.3M
Q4 24
$-30.5M
$24.4M
Q3 24
$40.7M
$69.7M
Q2 24
$-59.6M
$12.0M
Q1 24
$-56.7M
$8.6M
FCF Margin
FWRD
FWRD
TILE
TILE
Q4 25
8.2%
Q3 25
7.7%
18.1%
Q2 25
6.1%
Q1 25
2.6%
1.4%
Q4 24
-4.8%
7.3%
Q3 24
6.2%
20.3%
Q2 24
-9.3%
3.5%
Q1 24
-10.5%
3.0%
Capex Intensity
FWRD
FWRD
TILE
TILE
Q4 25
1.3%
5.9%
Q3 25
0.7%
2.9%
Q2 25
0.8%
2.0%
Q1 25
1.9%
2.5%
Q4 24
1.1%
4.1%
Q3 24
1.6%
1.9%
Q2 24
2.2%
2.8%
Q1 24
0.9%
1.4%
Cash Conversion
FWRD
FWRD
TILE
TILE
Q4 25
2.02×
Q3 25
1.66×
Q2 25
0.93×
Q1 25
0.90×
Q4 24
1.75×
Q3 24
2.68×
Q2 24
0.95×
Q1 24
0.89×

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%

TILE
TILE

AMS$205.9M59%
EAAA$143.5M41%

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