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安朗杰（ALLE）与FORWARD AIR CORP（FWRD）财务数据对比。点击上方公司名可切换其他公司
安朗杰的季度营收约是FORWARD AIR CORP的1.6倍（$1.0B vs $631.2M）。安朗杰净利率更高（14.3% vs -4.5%，领先18.8%）。安朗杰同比增速更快（9.3% vs -0.3%）。过去两年FORWARD AIR CORP的营收复合增速更高（7.9% vs 7.5%）
安朗杰是全球知名的安防产品及解决方案供应商，面向全球生产销售机械与电子类安防产品，包括闭门器、出入口控制设备、锁具、电子门禁系统、考勤与人员效能管理系统、门体系统及相关配件，服务商业、公共机构、住宅等多领域终端用户
Forward Air Corp是北美领先的轻资产物流运输服务商，核心业务包括加急零担货运、最后一公里配送、多式联运、仓储及供应链解决方案，服务覆盖美加墨地区，主要服务电商、零售、制造、汽车等行业。
ALLE vs FWRD — 直观对比
营收规模更大
ALLE
是对方的1.6倍
$631.2M
营收增速更快
ALLE
高出9.5%
-0.3%
净利率更高
ALLE
高出18.8%
-4.5%
两年增速更快
FWRD
近两年复合增速
7.5%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $631.2M |
| 净利润 | $147.5M | $-28.3M |
| 毛利率 | 44.5% | — |
| 营业利润率 | 20.3% | -0.5% |
| 净利率 | 14.3% | -4.5% |
| 营收同比 | 9.3% | -0.3% |
| 净利润同比 | 2.4% | 22.2% |
| 每股收益（稀释后） | $1.70 | $-0.90 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收ALLEFWRD
| Q4 25 | $1.0B | $631.2M | ||
| Q3 25 | $1.1B | $631.8M | ||
| Q2 25 | $1.0B | $618.8M | ||
| Q1 25 | $941.9M | $613.3M | ||
| Q4 24 | $945.6M | $632.8M | ||
| Q3 24 | $967.1M | $655.9M | ||
| Q2 24 | $965.6M | $643.7M | ||
| Q1 24 | $893.9M | $541.8M |
净利润ALLEFWRD
| Q4 25 | $147.5M | $-28.3M | ||
| Q3 25 | $188.4M | $-16.3M | ||
| Q2 25 | $159.7M | $-12.6M | ||
| Q1 25 | $148.2M | $-50.6M | ||
| Q4 24 | $144.1M | $-36.4M | ||
| Q3 24 | $174.2M | $-73.4M | ||
| Q2 24 | $155.4M | $-645.4M | ||
| Q1 24 | $123.8M | $-61.7M |
毛利率ALLEFWRD
| Q4 25 | 44.5% | — | ||
| Q3 25 | 45.8% | — | ||
| Q2 25 | 45.6% | — | ||
| Q1 25 | 44.9% | — | ||
| Q4 24 | 44.1% | — | ||
| Q3 24 | 44.7% | — | ||
| Q2 24 | 44.4% | — | ||
| Q1 24 | 43.8% | — |
营业利润率ALLEFWRD
| Q4 25 | 20.3% | -0.5% | ||
| Q3 25 | 21.8% | 2.4% | ||
| Q2 25 | 21.5% | 3.2% | ||
| Q1 25 | 20.9% | 0.8% | ||
| Q4 24 | 19.5% | 12.0% | ||
| Q3 24 | 22.2% | 3.5% | ||
| Q2 24 | 21.6% | -170.2% | ||
| Q1 24 | 19.3% | -12.1% |
净利率ALLEFWRD
| Q4 25 | 14.3% | -4.5% | ||
| Q3 25 | 17.6% | -2.6% | ||
| Q2 25 | 15.6% | -2.0% | ||
| Q1 25 | 15.7% | -8.3% | ||
| Q4 24 | 15.2% | -5.8% | ||
| Q3 24 | 18.0% | -11.2% | ||
| Q2 24 | 16.1% | -100.3% | ||
| Q1 24 | 13.8% | -11.4% |
每股收益（稀释后）ALLEFWRD
| Q4 25 | $1.70 | $-0.90 | ||
| Q3 25 | $2.18 | $-0.52 | ||
| Q2 25 | $1.85 | $-0.41 | ||
| Q1 25 | $1.71 | $-1.68 | ||
| Q4 24 | $1.65 | $-1.69 | ||
| Q3 24 | $1.99 | $-2.66 | ||
| Q2 24 | $1.77 | $-23.47 | ||
| Q1 24 | $1.41 | $-2.81 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $356.2M | $106.0M |
| 总债务越低越好 | $2.0B | $1.7B |
| 股东权益账面价值 | $2.1B | $113.3M |
| 总资产 | $5.2B | $2.7B |
| 负债/权益比越低杠杆越低 | 0.96× | 14.89× |
8季度趋势，按日历期对齐
现金及短期投资ALLEFWRD
| Q4 25 | $356.2M | $106.0M | ||
| Q3 25 | $302.7M | $140.4M | ||
| Q2 25 | $656.8M | $95.1M | ||
| Q1 25 | $494.5M | $116.3M | ||
| Q4 24 | $503.8M | $104.9M | ||
| Q3 24 | $878.9M | $136.6M | ||
| Q2 24 | $747.5M | $84.9M | ||
| Q1 24 | $391.8M | $152.0M |
总债务ALLEFWRD
| Q4 25 | $2.0B | $1.7B | ||
| Q3 25 | $2.1B | $1.7B | ||
| Q2 25 | $2.1B | — | ||
| Q1 25 | $2.0B | — | ||
| Q4 24 | $2.0B | — | ||
| Q3 24 | $2.4B | — | ||
| Q2 24 | $2.4B | — | ||
| Q1 24 | $2.0B | $1.7B |
股东权益ALLEFWRD
| Q4 25 | $2.1B | $113.3M | ||
| Q3 25 | $1.9B | $139.8M | ||
| Q2 25 | $1.8B | $151.8M | ||
| Q1 25 | $1.6B | $154.6M | ||
| Q4 24 | $1.5B | $201.7M | ||
| Q3 24 | $1.6B | $226.1M | ||
| Q2 24 | $1.4B | $283.8M | ||
| Q1 24 | $1.4B | $926.1M |
总资产ALLEFWRD
| Q4 25 | $5.2B | $2.7B | ||
| Q3 25 | $5.2B | $2.8B | ||
| Q2 25 | $4.9B | $2.8B | ||
| Q1 25 | $4.6B | $2.8B | ||
| Q4 24 | $4.5B | $2.8B | ||
| Q3 24 | $5.0B | $3.1B | ||
| Q2 24 | $4.8B | $3.1B | ||
| Q1 24 | $4.3B | $4.0B |
负债/权益比ALLEFWRD
| Q4 25 | 0.96× | 14.89× | ||
| Q3 25 | 1.07× | 12.05× | ||
| Q2 25 | 1.16× | — | ||
| Q1 25 | 1.24× | — | ||
| Q4 24 | 1.33× | — | ||
| Q3 24 | 1.53× | — | ||
| Q2 24 | 1.69× | — | ||
| Q1 24 | 1.49× | 1.81× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $240.1M | — |
| 自由现金流经营现金流 - 资本支出 | $200.5M | — |
| 自由现金流率自由现金流/营收 | 19.4% | — |
| 资本支出强度资本支出/营收 | 3.8% | 1.3% |
| 现金转化率经营现金流/净利润 | 1.63× | — |
| 过去12个月自由现金流最近4个季度 | $685.7M | — |
8季度趋势，按日历期对齐
经营现金流ALLEFWRD
| Q4 25 | $240.1M | — | ||
| Q3 25 | $229.5M | $52.7M | ||
| Q2 25 | $209.7M | — | ||
| Q1 25 | $104.5M | $27.6M | ||
| Q4 24 | $219.0M | $-23.2M | ||
| Q3 24 | $231.9M | $51.2M | ||
| Q2 24 | $173.0M | $-45.2M | ||
| Q1 24 | $51.1M | $-51.7M |
自由现金流ALLEFWRD
| Q4 25 | $200.5M | — | ||
| Q3 25 | $209.8M | $48.6M | ||
| Q2 25 | $192.0M | — | ||
| Q1 25 | $83.4M | $15.7M | ||
| Q4 24 | $194.9M | $-30.5M | ||
| Q3 24 | $212.0M | $40.7M | ||
| Q2 24 | $152.1M | $-59.6M | ||
| Q1 24 | $23.9M | $-56.7M |
自由现金流率ALLEFWRD
| Q4 25 | 19.4% | — | ||
| Q3 25 | 19.6% | 7.7% | ||
| Q2 25 | 18.8% | — | ||
| Q1 25 | 8.9% | 2.6% | ||
| Q4 24 | 20.6% | -4.8% | ||
| Q3 24 | 21.9% | 6.2% | ||
| Q2 24 | 15.8% | -9.3% | ||
| Q1 24 | 2.7% | -10.5% |
资本支出强度ALLEFWRD
| Q4 25 | 3.8% | 1.3% | ||
| Q3 25 | 1.8% | 0.7% | ||
| Q2 25 | 1.7% | 0.8% | ||
| Q1 25 | 2.2% | 1.9% | ||
| Q4 24 | 2.5% | 1.1% | ||
| Q3 24 | 2.1% | 1.6% | ||
| Q2 24 | 2.2% | 2.2% | ||
| Q1 24 | 3.0% | 0.9% |
现金转化率ALLEFWRD
| Q4 25 | 1.63× | — | ||
| Q3 25 | 1.22× | — | ||
| Q2 25 | 1.31× | — | ||
| Q1 25 | 0.71× | — | ||
| Q4 24 | 1.52× | — | ||
| Q3 24 | 1.33× | — | ||
| Q2 24 | 1.11× | — | ||
| Q1 24 | 0.41× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
ALLE
| Products | $750.2M | 73% |
| Allegion International | $237.7M | 23% |
| Services | $45.2M | 4% |
FWRD
| Omni Logistics Segment | $359.8M | 57% |
| Network | $183.9M | 29% |
| Intermodal Segment | $50.2M | 8% |
| Truckload | $41.6M | 7% |
