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AFFILIATED MANAGERS GROUP, INC.（AMG）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
FORWARD AIR CORP的季度营收约是AFFILIATED MANAGERS GROUP, INC.的1.1倍（$631.2M vs $556.6M），AFFILIATED MANAGERS GROUP, INC.净利率更高（62.4% vs -4.5%，领先66.9%），AFFILIATED MANAGERS GROUP, INC.同比增速更快（6.2% vs -0.3%），过去两年FORWARD AIR CORP的营收复合增速更高（7.9% vs 5.5%）
Affiliated Managers Group（简称AMG）是一家成立于1993年的美国金融服务企业，总部位于佛罗里达州西棕榈滩。公司股票在纽约证券交易所挂牌交易，代码为AMG，同时是标普400美国中型企业指数的成份股。
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。
AMG vs FWRD — 直观对比
营收规模更大
FWRD
是对方的1.1倍
$556.6M
营收增速更快
AMG
高出6.4%
-0.3%
净利率更高
AMG
高出66.9%
-4.5%
两年增速更快
FWRD
近两年复合增速
5.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $556.6M | $631.2M |
| 净利润 | $347.5M | $-28.3M |
| 毛利率 | — | — |
| 营业利润率 | 94.4% | -0.5% |
| 净利率 | 62.4% | -4.5% |
| 营收同比 | 6.2% | -0.3% |
| 净利润同比 | 114.2% | 22.2% |
| 每股收益（稀释后） | $10.87 | $-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AMGFWRD
| Q4 25 | $556.6M | $631.2M | ||
| Q3 25 | $528.0M | $631.8M | ||
| Q2 25 | $493.2M | $618.8M | ||
| Q1 25 | $496.6M | $613.3M | ||
| Q4 24 | $524.3M | $632.8M | ||
| Q3 24 | $516.4M | $655.9M | ||
| Q2 24 | $500.3M | $643.7M | ||
| Q1 24 | $499.9M | $541.8M |
净利润AMGFWRD
| Q4 25 | $347.5M | $-28.3M | ||
| Q3 25 | $212.4M | $-16.3M | ||
| Q2 25 | $84.3M | $-12.6M | ||
| Q1 25 | $72.4M | $-50.6M | ||
| Q4 24 | $162.2M | $-36.4M | ||
| Q3 24 | $123.6M | $-73.4M | ||
| Q2 24 | $76.0M | $-645.4M | ||
| Q1 24 | $149.8M | $-61.7M |
营业利润率AMGFWRD
| Q4 25 | 94.4% | -0.5% | ||
| Q3 25 | 68.7% | 2.4% | ||
| Q2 25 | 34.8% | 3.2% | ||
| Q1 25 | 25.5% | 0.8% | ||
| Q4 24 | 52.2% | 12.0% | ||
| Q3 24 | 42.0% | 3.5% | ||
| Q2 24 | 35.6% | -170.2% | ||
| Q1 24 | 50.8% | -12.1% |
净利率AMGFWRD
| Q4 25 | 62.4% | -4.5% | ||
| Q3 25 | 40.2% | -2.6% | ||
| Q2 25 | 17.1% | -2.0% | ||
| Q1 25 | 14.6% | -8.3% | ||
| Q4 24 | 30.9% | -5.8% | ||
| Q3 24 | 23.9% | -11.2% | ||
| Q2 24 | 15.2% | -100.3% | ||
| Q1 24 | 30.0% | -11.4% |
每股收益（稀释后）AMGFWRD
| Q4 25 | $10.87 | $-0.90 | ||
| Q3 25 | $6.87 | $-0.52 | ||
| Q2 25 | $2.80 | $-0.41 | ||
| Q1 25 | $2.20 | $-1.68 | ||
| Q4 24 | $4.95 | $-1.69 | ||
| Q3 24 | $3.78 | $-2.66 | ||
| Q2 24 | $2.26 | $-23.47 | ||
| Q1 24 | $4.14 | $-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 | $586.0M | $106.0M |
| 总债务越低越好 | $2.7B | $1.7B |
| 股东权益账面价值 | $3.2B | $113.3M |
| 总资产 | $9.2B | $2.7B |
| 负债/权益比越低杠杆越低 | 0.83× | 14.89× |
8季度趋势，按日历期对齐
现金及短期投资AMGFWRD
| Q4 25 | $586.0M | $106.0M | ||
| Q3 25 | $476.1M | $140.4M | ||
| Q2 25 | $361.0M | $95.1M | ||
| Q1 25 | $816.5M | $116.3M | ||
| Q4 24 | $950.0M | $104.9M | ||
| Q3 24 | $1.0B | $136.6M | ||
| Q2 24 | $865.5M | $84.9M | ||
| Q1 24 | $793.4M | $152.0M |
总债务AMGFWRD
| Q4 25 | $2.7B | $1.7B | ||
| Q3 25 | $2.4B | $1.7B | ||
| Q2 25 | $2.6B | — | ||
| Q1 25 | $2.6B | — | ||
| Q4 24 | $2.6B | — | ||
| Q3 24 | $2.6B | — | ||
| Q2 24 | $2.5B | — | ||
| Q1 24 | $2.5B | $1.7B |
股东权益AMGFWRD
| Q4 25 | $3.2B | $113.3M | ||
| Q3 25 | $3.3B | $139.8M | ||
| Q2 25 | $3.2B | $151.8M | ||
| Q1 25 | $3.2B | $154.6M | ||
| Q4 24 | $3.3B | $201.7M | ||
| Q3 24 | $3.3B | $226.1M | ||
| Q2 24 | $3.3B | $283.8M | ||
| Q1 24 | $3.6B | $926.1M |
总资产AMGFWRD
| Q4 25 | $9.2B | $2.7B | ||
| Q3 25 | $8.9B | $2.8B | ||
| Q2 25 | $8.8B | $2.8B | ||
| Q1 25 | $8.7B | $2.8B | ||
| Q4 24 | $8.8B | $2.8B | ||
| Q3 24 | $8.9B | $3.1B | ||
| Q2 24 | $8.8B | $3.1B | ||
| Q1 24 | $9.0B | $4.0B |
负债/权益比AMGFWRD
| Q4 25 | 0.83× | 14.89× | ||
| Q3 25 | 0.71× | 12.05× | ||
| Q2 25 | 0.81× | — | ||
| Q1 25 | 0.82× | — | ||
| Q4 24 | 0.78× | — | ||
| Q3 24 | 0.79× | — | ||
| Q2 24 | 0.76× | — | ||
| Q1 24 | 0.70× | 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 | $256.4M | — |
| 自由现金流经营现金流 - 资本支出 | $254.5M | — |
| 自由现金流率自由现金流/营收 | 45.7% | — |
| 资本支出强度资本支出/营收 | 0.3% | 1.3% |
| 现金转化率经营现金流/净利润 | 0.74× | — |
| 过去12个月自由现金流最近4个季度 | $967.1M | — |
8季度趋势，按日历期对齐
经营现金流AMGFWRD
| Q4 25 | $256.4M | — | ||
| Q3 25 | $277.1M | $52.7M | ||
| Q2 25 | $230.8M | — | ||
| Q1 25 | $208.9M | $27.6M | ||
| Q4 24 | $212.5M | $-23.2M | ||
| Q3 24 | $265.2M | $51.2M | ||
| Q2 24 | $245.2M | $-45.2M | ||
| Q1 24 | $209.2M | $-51.7M |
自由现金流AMGFWRD
| Q4 25 | $254.5M | — | ||
| Q3 25 | $275.9M | $48.6M | ||
| Q2 25 | $229.4M | — | ||
| Q1 25 | $207.3M | $15.7M | ||
| Q4 24 | $211.4M | $-30.5M | ||
| Q3 24 | $264.5M | $40.7M | ||
| Q2 24 | $244.6M | $-59.6M | ||
| Q1 24 | $208.2M | $-56.7M |
自由现金流率AMGFWRD
| Q4 25 | 45.7% | — | ||
| Q3 25 | 52.3% | 7.7% | ||
| Q2 25 | 46.5% | — | ||
| Q1 25 | 41.7% | 2.6% | ||
| Q4 24 | 40.3% | -4.8% | ||
| Q3 24 | 51.2% | 6.2% | ||
| Q2 24 | 48.9% | -9.3% | ||
| Q1 24 | 41.6% | -10.5% |
资本支出强度AMGFWRD
| Q4 25 | 0.3% | 1.3% | ||
| Q3 25 | 0.2% | 0.7% | ||
| Q2 25 | 0.3% | 0.8% | ||
| Q1 25 | 0.3% | 1.9% | ||
| Q4 24 | 0.2% | 1.1% | ||
| Q3 24 | 0.1% | 1.6% | ||
| Q2 24 | 0.1% | 2.2% | ||
| Q1 24 | 0.2% | 0.9% |
现金转化率AMGFWRD
| Q4 25 | 0.74× | — | ||
| Q3 25 | 1.30× | — | ||
| Q2 25 | 2.74× | — | ||
| Q1 25 | 2.89× | — | ||
| Q4 24 | 1.31× | — | ||
| Q3 24 | 2.15× | — | ||
| Q2 24 | 3.23× | — | ||
| Q1 24 | 1.40× | — |
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
AMG
暂无分部数据
FWRD
| Omni Logistics Segment | $359.8M | 57% |
| Network | $183.9M | 29% |
| Intermodal Segment | $50.2M | 8% |
| Truckload | $41.6M | 7% |
