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

FORWARD AIR CORP is the larger business by last-quarter revenue ($631.2M vs $582.6M, roughly 1.1× VILLAGE SUPER MARKET INC). VILLAGE SUPER MARKET INC runs the higher net margin — 2.1% vs -4.5%, a 6.5% gap on every dollar of revenue. On growth, VILLAGE SUPER MARKET INC posted the faster year-over-year revenue change (4.5% vs -0.3%). Over the past eight quarters, FORWARD AIR CORP's revenue compounded faster (7.9% CAGR vs 0.6%).

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.

A supermarket is a self-service shop offering a wide variety of food, beverages and household products, organized into sections under one roof. The supermarket retail format first appeared around 1930 in the United States as the culmination of almost two decades of retail innovations to the grocery store, and began to spread to other countries after extensive worldwide publicity in 1956. In everyday American English usage, "grocery store" is often used interchangeably with "supermarket", whil...

FWRD vs VLGEA — Head-to-Head

Bigger by revenue
FWRD
FWRD
1.1× larger
FWRD
$631.2M
$582.6M
VLGEA
Growing faster (revenue YoY)
VLGEA
VLGEA
+4.7% gap
VLGEA
4.5%
-0.3%
FWRD
Higher net margin
VLGEA
VLGEA
6.5% more per $
VLGEA
2.1%
-4.5%
FWRD
Faster 2-yr revenue CAGR
FWRD
FWRD
Annualised
FWRD
7.9%
0.6%
VLGEA

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
FWRD
FWRD
VLGEA
VLGEA
Revenue
$631.2M
$582.6M
Net Profit
$-28.3M
$12.0M
Gross Margin
28.3%
Operating Margin
-0.5%
2.6%
Net Margin
-4.5%
2.1%
Revenue YoY
-0.3%
4.5%
Net Profit YoY
22.2%
-6.3%
EPS (diluted)
$-0.90

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
VLGEA
VLGEA
Q4 25
$631.2M
$582.6M
Q3 25
$631.8M
$599.7M
Q2 25
$618.8M
$563.7M
Q1 25
$613.3M
$599.7M
Q4 24
$632.8M
$557.7M
Q3 24
$655.9M
$578.2M
Q2 24
$643.7M
$546.4M
Q1 24
$541.8M
$575.6M
Net Profit
FWRD
FWRD
VLGEA
VLGEA
Q4 25
$-28.3M
$12.0M
Q3 25
$-16.3M
$15.5M
Q2 25
$-12.6M
$11.2M
Q1 25
$-50.6M
$16.9M
Q4 24
$-36.4M
$12.8M
Q3 24
$-73.4M
$15.4M
Q2 24
$-645.4M
$9.0M
Q1 24
$-61.7M
$14.5M
Gross Margin
FWRD
FWRD
VLGEA
VLGEA
Q4 25
28.3%
Q3 25
28.2%
Q2 25
28.8%
Q1 25
28.4%
Q4 24
29.0%
Q3 24
29.3%
Q2 24
28.5%
Q1 24
28.4%
Operating Margin
FWRD
FWRD
VLGEA
VLGEA
Q4 25
-0.5%
2.6%
Q3 25
2.4%
3.4%
Q2 25
3.2%
2.4%
Q1 25
0.8%
3.7%
Q4 24
12.0%
2.9%
Q3 24
3.5%
3.3%
Q2 24
-170.2%
1.9%
Q1 24
-12.1%
3.2%
Net Margin
FWRD
FWRD
VLGEA
VLGEA
Q4 25
-4.5%
2.1%
Q3 25
-2.6%
2.6%
Q2 25
-2.0%
2.0%
Q1 25
-8.3%
2.8%
Q4 24
-5.8%
2.3%
Q3 24
-11.2%
2.7%
Q2 24
-100.3%
1.6%
Q1 24
-11.4%
2.5%
EPS (diluted)
FWRD
FWRD
VLGEA
VLGEA
Q4 25
$-0.90
Q3 25
$-0.52
Q2 25
$-0.41
Q1 25
$-1.68
Q4 24
$-1.69
Q3 24
$-2.66
Q2 24
$-23.47
Q1 24
$-2.81

Balance Sheet & Financial Strength

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

Metric
FWRD
FWRD
VLGEA
VLGEA
Cash + ST InvestmentsLiquidity on hand
$106.0M
$117.7M
Total DebtLower is stronger
$1.7B
$55.7M
Stockholders' EquityBook value
$113.3M
$501.1M
Total Assets
$2.7B
$1.0B
Debt / EquityLower = less leverage
14.89×
0.11×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FWRD
FWRD
VLGEA
VLGEA
Q4 25
$106.0M
$117.7M
Q3 25
$140.4M
$110.7M
Q2 25
$95.1M
$115.4M
Q1 25
$116.3M
$133.9M
Q4 24
$104.9M
$117.2M
Q3 24
$136.6M
$117.3M
Q2 24
$84.9M
$113.9M
Q1 24
$152.0M
$133.3M
Total Debt
FWRD
FWRD
VLGEA
VLGEA
Q4 25
$1.7B
$55.7M
Q3 25
$1.7B
$58.0M
Q2 25
$60.3M
Q1 25
$62.7M
Q4 24
$69.9M
Q3 24
$72.2M
Q2 24
$74.6M
Q1 24
$1.7B
$77.0M
Stockholders' Equity
FWRD
FWRD
VLGEA
VLGEA
Q4 25
$113.3M
$501.1M
Q3 25
$139.8M
$492.0M
Q2 25
$151.8M
$479.7M
Q1 25
$154.6M
$472.0M
Q4 24
$201.7M
$457.5M
Q3 24
$226.1M
$447.6M
Q2 24
$283.8M
$436.2M
Q1 24
$926.1M
$429.1M
Total Assets
FWRD
FWRD
VLGEA
VLGEA
Q4 25
$2.7B
$1.0B
Q3 25
$2.8B
$1.0B
Q2 25
$2.8B
$995.6M
Q1 25
$2.8B
$1.0B
Q4 24
$2.8B
$990.3M
Q3 24
$3.1B
$981.7M
Q2 24
$3.1B
$970.2M
Q1 24
$4.0B
$970.4M
Debt / Equity
FWRD
FWRD
VLGEA
VLGEA
Q4 25
14.89×
0.11×
Q3 25
12.05×
0.12×
Q2 25
0.13×
Q1 25
0.13×
Q4 24
0.15×
Q3 24
0.16×
Q2 24
0.17×
Q1 24
1.81×
0.18×

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
VLGEA
VLGEA
Operating Cash FlowLast quarter
$19.7M
Free Cash FlowOCF − Capex
$10.7M
FCF MarginFCF / Revenue
1.8%
Capex IntensityCapex / Revenue
1.3%
1.5%
Cash ConversionOCF / Net Profit
1.64×
TTM Free Cash FlowTrailing 4 quarters
$36.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FWRD
FWRD
VLGEA
VLGEA
Q4 25
$19.7M
Q3 25
$52.7M
$21.7M
Q2 25
$10.6M
Q1 25
$27.6M
$40.8M
Q4 24
$-23.2M
$20.2M
Q3 24
$51.2M
$22.8M
Q2 24
$-45.2M
$9.4M
Q1 24
$-51.7M
$30.3M
Free Cash Flow
FWRD
FWRD
VLGEA
VLGEA
Q4 25
$10.7M
Q3 25
$48.6M
$11.6M
Q2 25
$-10.6M
Q1 25
$15.7M
$24.9M
Q4 24
$-30.5M
$8.5M
Q3 24
$40.7M
$13.8M
Q2 24
$-59.6M
$-10.0M
Q1 24
$-56.7M
$9.3M
FCF Margin
FWRD
FWRD
VLGEA
VLGEA
Q4 25
1.8%
Q3 25
7.7%
1.9%
Q2 25
-1.9%
Q1 25
2.6%
4.2%
Q4 24
-4.8%
1.5%
Q3 24
6.2%
2.4%
Q2 24
-9.3%
-1.8%
Q1 24
-10.5%
1.6%
Capex Intensity
FWRD
FWRD
VLGEA
VLGEA
Q4 25
1.3%
1.5%
Q3 25
0.7%
1.7%
Q2 25
0.8%
3.8%
Q1 25
1.9%
2.6%
Q4 24
1.1%
2.1%
Q3 24
1.6%
1.6%
Q2 24
2.2%
3.5%
Q1 24
0.9%
3.7%
Cash Conversion
FWRD
FWRD
VLGEA
VLGEA
Q4 25
1.64×
Q3 25
1.40×
Q2 25
0.95×
Q1 25
2.41×
Q4 24
1.58×
Q3 24
1.48×
Q2 24
1.04×
Q1 24
2.09×

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%

VLGEA
VLGEA

Center Store$342.7M59%
Fresh$211.0M36%
Pharmacy$26.3M5%
Other Product$2.6M0%

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