vs
Apple Hospitality REIT, Inc.（APLE）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Apple Hospitality REIT, Inc.的1.9倍（$631.2M vs $326.4M），Apple Hospitality REIT, Inc.净利率更高（9.1% vs -4.5%，领先13.6%），FORWARD AIR CORP同比增速更快（-0.3% vs -2.0%），过去两年FORWARD AIR CORP的营收复合增速更高（7.9% vs -0.5%）
莱曼 hospitality properties是一家深耕酒店、度假村、娱乐及媒体领域的企业，得名于旗下核心资产——位于田纳西州纳什维尔的国家历史地标莱曼礼堂。公司历史可追溯至曾作为爱德华·盖洛德旗下俄克拉荷马出版公司子公司的时期，1983年收购WSM公司后，拿下大奥普里等知名IP，奠定了如今的业务发展基础。
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。
APLE vs FWRD — 直观对比
营收规模更大
FWRD
是对方的1.9倍
$326.4M
营收增速更快
FWRD
高出1.7%
-2.0%
净利率更高
APLE
高出13.6%
-4.5%
两年增速更快
FWRD
近两年复合增速
-0.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $326.4M | $631.2M |
| 净利润 | $29.6M | $-28.3M |
| 毛利率 | 37.2% | — |
| 营业利润率 | 15.2% | -0.5% |
| 净利率 | 9.1% | -4.5% |
| 营收同比 | -2.0% | -0.3% |
| 净利润同比 | -0.7% | 22.2% |
| 每股收益（稀释后） | $0.13 | $-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APLEFWRD
| Q4 25 | $326.4M | $631.2M | ||
| Q3 25 | $373.9M | $631.8M | ||
| Q2 25 | $384.4M | $618.8M | ||
| Q1 25 | $327.7M | $613.3M | ||
| Q4 24 | $333.0M | $632.8M | ||
| Q3 24 | $378.8M | $655.9M | ||
| Q2 24 | $390.1M | $643.7M | ||
| Q1 24 | $329.5M | $541.8M |
净利润APLEFWRD
| Q4 25 | $29.6M | $-28.3M | ||
| Q3 25 | $50.9M | $-16.3M | ||
| Q2 25 | $63.6M | $-12.6M | ||
| Q1 25 | $31.2M | $-50.6M | ||
| Q4 24 | $29.8M | $-36.4M | ||
| Q3 24 | $56.3M | $-73.4M | ||
| Q2 24 | $73.9M | $-645.4M | ||
| Q1 24 | $54.0M | $-61.7M |
毛利率APLEFWRD
| Q4 25 | 37.2% | — | ||
| Q3 25 | 40.6% | — | ||
| Q2 25 | 42.6% | — | ||
| Q1 25 | 39.0% | — | ||
| Q4 24 | 38.6% | — | ||
| Q3 24 | 41.9% | — | ||
| Q2 24 | 44.6% | — | ||
| Q1 24 | 40.1% | — |
营业利润率APLEFWRD
| Q4 25 | 15.2% | -0.5% | ||
| Q3 25 | 19.4% | 2.4% | ||
| Q2 25 | 22.1% | 3.2% | ||
| Q1 25 | 15.5% | 0.8% | ||
| Q4 24 | 15.0% | 12.0% | ||
| Q3 24 | 20.5% | 3.5% | ||
| Q2 24 | 24.0% | -170.2% | ||
| Q1 24 | 21.7% | -12.1% |
净利率APLEFWRD
| Q4 25 | 9.1% | -4.5% | ||
| Q3 25 | 13.6% | -2.6% | ||
| Q2 25 | 16.6% | -2.0% | ||
| Q1 25 | 9.5% | -8.3% | ||
| Q4 24 | 9.0% | -5.8% | ||
| Q3 24 | 14.9% | -11.2% | ||
| Q2 24 | 19.0% | -100.3% | ||
| Q1 24 | 16.4% | -11.4% |
每股收益（稀释后）APLEFWRD
| Q4 25 | $0.13 | $-0.90 | ||
| Q3 25 | $0.21 | $-0.52 | ||
| Q2 25 | $0.27 | $-0.41 | ||
| Q1 25 | $0.13 | $-1.68 | ||
| Q4 24 | $0.13 | $-1.69 | ||
| Q3 24 | $0.23 | $-2.66 | ||
| Q2 24 | $0.31 | $-23.47 | ||
| Q1 24 | $0.22 | $-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 | $8.5M | $106.0M |
| 总债务越低越好 | $1.5B | $1.7B |
| 股东权益账面价值 | $3.1B | $113.3M |
| 总资产 | $4.9B | $2.7B |
| 负债/权益比越低杠杆越低 | 0.49× | 14.89× |
8季度趋势，按日历期对齐
现金及短期投资APLEFWRD
| Q4 25 | $8.5M | $106.0M | ||
| Q3 25 | $50.3M | $140.4M | ||
| Q2 25 | $7.9M | $95.1M | ||
| Q1 25 | $14.9M | $116.3M | ||
| Q4 24 | $10.3M | $104.9M | ||
| Q3 24 | $6.1M | $136.6M | ||
| Q2 24 | $7.2M | $84.9M | ||
| Q1 24 | $4.9M | $152.0M |
总债务APLEFWRD
| Q4 25 | $1.5B | $1.7B | ||
| Q3 25 | $1.5B | $1.7B | ||
| Q2 25 | $1.5B | — | ||
| Q1 25 | $1.5B | — | ||
| Q4 24 | $1.5B | — | ||
| Q3 24 | $1.5B | — | ||
| Q2 24 | $1.5B | — | ||
| Q1 24 | $1.5B | $1.7B |
股东权益APLEFWRD
| Q4 25 | $3.1B | $113.3M | ||
| Q3 25 | $3.2B | $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 | $3.3B | $926.1M |
总资产APLEFWRD
| Q4 25 | $4.9B | $2.7B | ||
| Q3 25 | $4.9B | $2.8B | ||
| Q2 25 | $4.9B | $2.8B | ||
| Q1 25 | $4.9B | $2.8B | ||
| Q4 24 | $5.0B | $2.8B | ||
| Q3 24 | $5.0B | $3.1B | ||
| Q2 24 | $5.1B | $3.1B | ||
| Q1 24 | $5.0B | $4.0B |
负债/权益比APLEFWRD
| Q4 25 | 0.49× | 14.89× | ||
| Q3 25 | 0.47× | 12.05× | ||
| Q2 25 | 0.48× | — | ||
| Q1 25 | 0.48× | — | ||
| Q4 24 | 0.45× | — | ||
| Q3 24 | 0.46× | — | ||
| Q2 24 | 0.46× | — | ||
| Q1 24 | 0.45× | 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 | $370.2M | — |
| 自由现金流经营现金流 - 资本支出 | $282.0M | — |
| 自由现金流率自由现金流/营收 | 86.4% | — |
| 资本支出强度资本支出/营收 | 27.0% | 1.3% |
| 现金转化率经营现金流/净利润 | 12.50× | — |
| 过去12个月自由现金流最近4个季度 | $516.8M | — |
8季度趋势，按日历期对齐
经营现金流APLEFWRD
| Q4 25 | $370.2M | — | ||
| Q3 25 | $126.4M | $52.7M | ||
| Q2 25 | $108.8M | — | ||
| Q1 25 | $49.1M | $27.6M | ||
| Q4 24 | $405.4M | $-23.2M | ||
| Q3 24 | $128.2M | $51.2M | ||
| Q2 24 | $127.3M | $-45.2M | ||
| Q1 24 | $54.7M | $-51.7M |
自由现金流APLEFWRD
| Q4 25 | $282.0M | — | ||
| Q3 25 | $109.0M | $48.6M | ||
| Q2 25 | $96.2M | — | ||
| Q1 25 | $29.5M | $15.7M | ||
| Q4 24 | $327.1M | $-30.5M | ||
| Q3 24 | $113.1M | $40.7M | ||
| Q2 24 | $115.0M | $-59.6M | ||
| Q1 24 | $34.4M | $-56.7M |
自由现金流率APLEFWRD
| Q4 25 | 86.4% | — | ||
| Q3 25 | 29.2% | 7.7% | ||
| Q2 25 | 25.0% | — | ||
| Q1 25 | 9.0% | 2.6% | ||
| Q4 24 | 98.2% | -4.8% | ||
| Q3 24 | 29.9% | 6.2% | ||
| Q2 24 | 29.5% | -9.3% | ||
| Q1 24 | 10.4% | -10.5% |
资本支出强度APLEFWRD
| Q4 25 | 27.0% | 1.3% | ||
| Q3 25 | 4.7% | 0.7% | ||
| Q2 25 | 3.3% | 0.8% | ||
| Q1 25 | 6.0% | 1.9% | ||
| Q4 24 | 23.5% | 1.1% | ||
| Q3 24 | 4.0% | 1.6% | ||
| Q2 24 | 3.2% | 2.2% | ||
| Q1 24 | 6.2% | 0.9% |
现金转化率APLEFWRD
| Q4 25 | 12.50× | — | ||
| Q3 25 | 2.49× | — | ||
| Q2 25 | 1.71× | — | ||
| Q1 25 | 1.57× | — | ||
| Q4 24 | 13.59× | — | ||
| Q3 24 | 2.28× | — | ||
| Q2 24 | 1.72× | — | ||
| Q1 24 | 1.01× | — |
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
APLE
| Occupancy | $293.0M | 90% |
| Hotel Other | $17.2M | 5% |
| Food And Beverage | $16.3M | 5% |
FWRD
| Omni Logistics Segment | $359.8M | 57% |
| Network | $183.9M | 29% |
| Intermodal Segment | $50.2M | 8% |
| Truckload | $41.6M | 7% |
