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Side-by-side financial comparison of FORWARD AIR CORP (FWRD) and WEBSTER FINANCIAL CORP (WBS). Click either name above to swap in a different company.
WEBSTER FINANCIAL CORP is the larger business by last-quarter revenue ($735.9M vs $631.2M, roughly 1.2× FORWARD AIR CORP). WEBSTER FINANCIAL CORP runs the higher net margin — 33.5% vs -4.5%, a 37.9% gap on every dollar of revenue. Over the past eight quarters, WEBSTER FINANCIAL CORP's revenue compounded faster (9.4% 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.
Webster Bank is an American commercial bank based in Stamford, Connecticut. It has 177 branches and 316 ATMs located in Connecticut; Massachusetts; Rhode Island; New Jersey; Westchester, Orange, Ulster, and Rockland counties in New York as well as New York City.
FWRD vs WBS — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $631.2M | $735.9M |
| Net Profit | $-28.3M | $246.2M |
| Gross Margin | — | — |
| Operating Margin | -0.5% | — |
| Net Margin | -4.5% | 33.5% |
| Revenue YoY | -0.3% | — |
| Net Profit YoY | 22.2% | 8.5% |
| EPS (diluted) | $-0.90 | $1.50 |
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 | — | $735.9M | ||
| Q4 25 | $631.2M | $746.2M | ||
| Q3 25 | $631.8M | $732.6M | ||
| Q2 25 | $618.8M | $715.8M | ||
| Q1 25 | $613.3M | $704.8M | ||
| Q4 24 | $632.8M | $661.0M | ||
| Q3 24 | $655.9M | $647.6M | ||
| Q2 24 | $643.7M | $614.6M |
| Q1 26 | — | $246.2M | ||
| Q4 25 | $-28.3M | $255.8M | ||
| Q3 25 | $-16.3M | $261.2M | ||
| Q2 25 | $-12.6M | $258.8M | ||
| Q1 25 | $-50.6M | $226.9M | ||
| Q4 24 | $-36.4M | $177.8M | ||
| Q3 24 | $-73.4M | $193.0M | ||
| Q2 24 | $-645.4M | $181.6M |
| Q1 26 | — | — | ||
| Q4 25 | -0.5% | 48.6% | ||
| Q3 25 | 2.4% | 51.3% | ||
| Q2 25 | 3.2% | 51.7% | ||
| Q1 25 | 0.8% | 51.2% | ||
| Q4 24 | 12.0% | 48.5% | ||
| Q3 24 | 3.5% | 46.1% | ||
| Q2 24 | -170.2% | 47.0% |
| Q1 26 | — | 33.5% | ||
| Q4 25 | -4.5% | 34.3% | ||
| Q3 25 | -2.6% | 35.7% | ||
| Q2 25 | -2.0% | 36.2% | ||
| Q1 25 | -8.3% | 32.2% | ||
| Q4 24 | -5.8% | 26.9% | ||
| Q3 24 | -11.2% | 29.8% | ||
| Q2 24 | -100.3% | 29.6% |
| Q1 26 | — | $1.50 | ||
| Q4 25 | $-0.90 | $1.54 | ||
| Q3 25 | $-0.52 | $1.54 | ||
| Q2 25 | $-0.41 | $1.52 | ||
| Q1 25 | $-1.68 | $1.30 | ||
| Q4 24 | $-1.69 | $1.01 | ||
| Q3 24 | $-2.66 | $1.10 | ||
| Q2 24 | $-23.47 | $1.03 |
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 | — |
| Total DebtLower is stronger | $1.7B | $738.3M |
| Stockholders' EquityBook value | $113.3M | $9.6B |
| Total Assets | $2.7B | $85.6B |
| Debt / EquityLower = less leverage | 14.89× | 0.08× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $106.0M | — | ||
| Q3 25 | $140.4M | — | ||
| Q2 25 | $95.1M | — | ||
| Q1 25 | $116.3M | — | ||
| Q4 24 | $104.9M | — | ||
| Q3 24 | $136.6M | — | ||
| Q2 24 | $84.9M | — |
| Q1 26 | — | $738.3M | ||
| Q4 25 | $1.7B | $739.5M | ||
| Q3 25 | $1.7B | $1.2B | ||
| Q2 25 | — | $905.6M | ||
| Q1 25 | — | $907.4M | ||
| Q4 24 | — | $909.2M | ||
| Q3 24 | — | $911.0M | ||
| Q2 24 | — | $912.7M |
| Q1 26 | — | $9.6B | ||
| Q4 25 | $113.3M | $9.5B | ||
| Q3 25 | $139.8M | $9.5B | ||
| Q2 25 | $151.8M | $9.3B | ||
| Q1 25 | $154.6M | $9.2B | ||
| Q4 24 | $201.7M | $9.1B | ||
| Q3 24 | $226.1M | $9.2B | ||
| Q2 24 | $283.8M | $8.8B |
| Q1 26 | — | $85.6B | ||
| Q4 25 | $2.7B | $84.1B | ||
| Q3 25 | $2.8B | $83.2B | ||
| Q2 25 | $2.8B | $81.9B | ||
| Q1 25 | $2.8B | $80.3B | ||
| Q4 24 | $2.8B | $79.0B | ||
| Q3 24 | $3.1B | $79.5B | ||
| Q2 24 | $3.1B | $76.8B |
| Q1 26 | — | 0.08× | ||
| Q4 25 | 14.89× | 0.08× | ||
| Q3 25 | 12.05× | 0.13× | ||
| Q2 25 | — | 0.10× | ||
| Q1 25 | — | 0.10× | ||
| Q4 24 | — | 0.10× | ||
| Q3 24 | — | 0.10× | ||
| Q2 24 | — | 0.10× |
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% |
WBS
| Net Interest Income | $634.4M | 86% |
| Noninterest Income | $101.5M | 14% |
