vs
AvalonBay Communities（AVB）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
AvalonBay Communities的季度营收约是FORWARD AIR CORP的1.2倍（$767.9M vs $631.2M），AvalonBay Communities净利率更高（9040.6% vs -4.5%，领先9045.1%），AvalonBay Communities同比增速更快（3.7% vs -0.3%），过去两年FORWARD AIR CORP的营收复合增速更高（7.9% vs 3.8%）
AvalonBay Communities是一家公开上市的房地产投资信托（REIT），核心业务聚焦公寓类不动产的投资与运营，旗下持有并管理大量区位优质的公寓项目，为租户提供高品质居住服务，在北美住宅地产投资领域拥有较高知名度。
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。
AVB vs FWRD — 直观对比
营收规模更大
AVB
是对方的1.2倍
$631.2M
营收增速更快
AVB
高出3.9%
-0.3%
净利率更高
AVB
高出9045.1%
-4.5%
两年增速更快
FWRD
近两年复合增速
3.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $767.9M | $631.2M |
| 净利润 | $166.0M | $-28.3M |
| 毛利率 | — | — |
| 营业利润率 | 64.2% | -0.5% |
| 净利率 | 9040.6% | -4.5% |
| 营收同比 | 3.7% | -0.3% |
| 净利润同比 | -41.2% | 22.2% |
| 每股收益（稀释后） | $1.18 | $-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AVBFWRD
| Q4 25 | $767.9M | $631.2M | ||
| Q3 25 | $766.8M | $631.8M | ||
| Q2 25 | $760.2M | $618.8M | ||
| Q1 25 | $745.9M | $613.3M | ||
| Q4 24 | $740.5M | $632.8M | ||
| Q3 24 | $734.3M | $655.9M | ||
| Q2 24 | $726.0M | $643.7M | ||
| Q1 24 | $712.9M | $541.8M |
净利润AVBFWRD
| Q4 25 | $166.0M | $-28.3M | ||
| Q3 25 | $381.3M | $-16.3M | ||
| Q2 25 | $268.7M | $-12.6M | ||
| Q1 25 | $236.6M | $-50.6M | ||
| Q4 24 | $282.1M | $-36.4M | ||
| Q3 24 | $372.5M | $-73.4M | ||
| Q2 24 | $253.9M | $-645.4M | ||
| Q1 24 | $173.4M | $-61.7M |
营业利润率AVBFWRD
| Q4 25 | 64.2% | -0.5% | ||
| Q3 25 | 65.7% | 2.4% | ||
| Q2 25 | 67.6% | 3.2% | ||
| Q1 25 | 68.5% | 0.8% | ||
| Q4 24 | 63.1% | 12.0% | ||
| Q3 24 | 65.4% | 3.5% | ||
| Q2 24 | 66.6% | -170.2% | ||
| Q1 24 | 67.2% | -12.1% |
净利率AVBFWRD
| Q4 25 | 9040.6% | -4.5% | ||
| Q3 25 | 49.7% | -2.6% | ||
| Q2 25 | 35.3% | -2.0% | ||
| Q1 25 | 31.7% | -8.3% | ||
| Q4 24 | 38.1% | -5.8% | ||
| Q3 24 | 50.7% | -11.2% | ||
| Q2 24 | 35.0% | -100.3% | ||
| Q1 24 | 24.3% | -11.4% |
每股收益（稀释后）AVBFWRD
| Q4 25 | $1.18 | $-0.90 | ||
| Q3 25 | $2.68 | $-0.52 | ||
| Q2 25 | $1.88 | $-0.41 | ||
| Q1 25 | $1.66 | $-1.68 | ||
| Q4 24 | $1.99 | $-1.69 | ||
| Q3 24 | $2.61 | $-2.66 | ||
| Q2 24 | $1.78 | $-23.47 | ||
| Q1 24 | $1.22 | $-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 | $187.2M | $106.0M |
| 总债务越低越好 | $9.3B | $1.7B |
| 股东权益账面价值 | $11.6B | $113.3M |
| 总资产 | $22.2B | $2.7B |
| 负债/权益比越低杠杆越低 | 0.80× | 14.89× |
8季度趋势，按日历期对齐
现金及短期投资AVBFWRD
| Q4 25 | $187.2M | $106.0M | ||
| Q3 25 | $123.3M | $140.4M | ||
| Q2 25 | $102.8M | $95.1M | ||
| Q1 25 | $53.3M | $116.3M | ||
| Q4 24 | $108.6M | $104.9M | ||
| Q3 24 | $552.4M | $136.6M | ||
| Q2 24 | $545.8M | $84.9M | ||
| Q1 24 | $287.9M | $152.0M |
总债务AVBFWRD
| Q4 25 | $9.3B | $1.7B | ||
| Q3 25 | $8.7B | $1.7B | ||
| Q2 25 | $8.7B | — | ||
| Q1 25 | $8.3B | — | ||
| Q4 24 | $8.1B | — | ||
| Q3 24 | $8.4B | — | ||
| Q2 24 | $8.4B | — | ||
| Q1 24 | $8.0B | $1.7B |
股东权益AVBFWRD
| Q4 25 | $11.6B | $113.3M | ||
| Q3 25 | $11.9B | $139.8M | ||
| Q2 25 | $11.9B | $151.8M | ||
| Q1 25 | $11.9B | $154.6M | ||
| Q4 24 | $11.9B | $201.7M | ||
| Q3 24 | $11.9B | $226.1M | ||
| Q2 24 | $11.7B | $283.8M | ||
| Q1 24 | $11.7B | $926.1M |
总资产AVBFWRD
| Q4 25 | $22.2B | $2.7B | ||
| Q3 25 | $21.9B | $2.8B | ||
| Q2 25 | $21.8B | $2.8B | ||
| Q1 25 | $21.2B | $2.8B | ||
| Q4 24 | $21.0B | $2.8B | ||
| Q3 24 | $21.3B | $3.1B | ||
| Q2 24 | $21.0B | $3.1B | ||
| Q1 24 | $20.6B | $4.0B |
负债/权益比AVBFWRD
| Q4 25 | 0.80× | 14.89× | ||
| Q3 25 | 0.73× | 12.05× | ||
| Q2 25 | 0.72× | — | ||
| Q1 25 | 0.70× | — | ||
| Q4 24 | 0.68× | — | ||
| Q3 24 | 0.70× | — | ||
| Q2 24 | 0.71× | — | ||
| Q1 24 | 0.68× | 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 | $1.7B | — |
| 自由现金流经营现金流 - 资本支出 | $1.4B | — |
| 自由现金流率自由现金流/营收 | 183.5% | — |
| 资本支出强度资本支出/营收 | 34.1% | 1.3% |
| 现金转化率经营现金流/净利润 | 10.07× | — |
| 过去12个月自由现金流最近4个季度 | $2.5B | — |
8季度趋势，按日历期对齐
经营现金流AVBFWRD
| Q4 25 | $1.7B | — | ||
| Q3 25 | $477.0M | $52.7M | ||
| Q2 25 | $377.8M | — | ||
| Q1 25 | $415.9M | $27.6M | ||
| Q4 24 | $1.6B | $-23.2M | ||
| Q3 24 | $486.2M | $51.2M | ||
| Q2 24 | $380.0M | $-45.2M | ||
| Q1 24 | $412.9M | $-51.7M |
自由现金流AVBFWRD
| Q4 25 | $1.4B | — | ||
| Q3 25 | $402.2M | $48.6M | ||
| Q2 25 | $317.1M | — | ||
| Q1 25 | $367.5M | $15.7M | ||
| Q4 24 | $1.4B | $-30.5M | ||
| Q3 24 | $434.2M | $40.7M | ||
| Q2 24 | $333.0M | $-59.6M | ||
| Q1 24 | $375.4M | $-56.7M |
自由现金流率AVBFWRD
| Q4 25 | 183.5% | — | ||
| Q3 25 | 52.5% | 7.7% | ||
| Q2 25 | 41.7% | — | ||
| Q1 25 | 49.3% | 2.6% | ||
| Q4 24 | 191.0% | -4.8% | ||
| Q3 24 | 59.1% | 6.2% | ||
| Q2 24 | 45.9% | -9.3% | ||
| Q1 24 | 52.7% | -10.5% |
资本支出强度AVBFWRD
| Q4 25 | 34.1% | 1.3% | ||
| Q3 25 | 9.8% | 0.7% | ||
| Q2 25 | 8.0% | 0.8% | ||
| Q1 25 | 6.5% | 1.9% | ||
| Q4 24 | 26.1% | 1.1% | ||
| Q3 24 | 7.1% | 1.6% | ||
| Q2 24 | 6.5% | 2.2% | ||
| Q1 24 | 5.3% | 0.9% |
现金转化率AVBFWRD
| Q4 25 | 10.07× | — | ||
| Q3 25 | 1.25× | — | ||
| Q2 25 | 1.41× | — | ||
| Q1 25 | 1.76× | — | ||
| Q4 24 | 5.70× | — | ||
| Q3 24 | 1.31× | — | ||
| Q2 24 | 1.50× | — | ||
| Q1 24 | 2.38× | — |
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
AVB
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% |
