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BRIGHT HORIZONS FAMILY SOLUTIONS INC.（BFAM）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
BRIGHT HORIZONS FAMILY SOLUTIONS INC.的季度营收约是FORWARD AIR CORP的1.2倍（$733.7M vs $631.2M），BRIGHT HORIZONS FAMILY SOLUTIONS INC.同比增速更快（8.8% vs -0.3%），过去两年BRIGHT HORIZONS FAMILY SOLUTIONS INC.的营收复合增速更高（8.5% vs 7.9%）
Bright Horizons Family Solutions总部位于美国马萨诸塞州牛顿市，是美国规模最大的雇主赞助育儿服务运营商，除核心育儿服务外，还提供备用育儿、老人照护、学费项目管理、教育咨询、学生贷款偿还方案等多元服务，覆盖企业员工福利及教育支持领域。
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。
BFAM vs FWRD — 直观对比
营收规模更大
BFAM
是对方的1.2倍
$631.2M
营收增速更快
BFAM
高出9.1%
-0.3%
两年增速更快
BFAM
近两年复合增速
7.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $733.7M | $631.2M |
| 净利润 | — | $-28.3M |
| 毛利率 | 19.3% | — |
| 营业利润率 | 6.2% | -0.5% |
| 净利率 | — | -4.5% |
| 营收同比 | 8.8% | -0.3% |
| 净利润同比 | — | 22.2% |
| 每股收益（稀释后） | $0.38 | $-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BFAMFWRD
| Q4 25 | $733.7M | $631.2M | ||
| Q3 25 | $802.8M | $631.8M | ||
| Q2 25 | $731.6M | $618.8M | ||
| Q1 25 | $665.5M | $613.3M | ||
| Q4 24 | $674.1M | $632.8M | ||
| Q3 24 | $719.1M | $655.9M | ||
| Q2 24 | $670.1M | $643.7M | ||
| Q1 24 | $622.7M | $541.8M |
净利润BFAMFWRD
| Q4 25 | — | $-28.3M | ||
| Q3 25 | $78.6M | $-16.3M | ||
| Q2 25 | $54.8M | $-12.6M | ||
| Q1 25 | $38.0M | $-50.6M | ||
| Q4 24 | — | $-36.4M | ||
| Q3 24 | $54.9M | $-73.4M | ||
| Q2 24 | $39.2M | $-645.4M | ||
| Q1 24 | $17.0M | $-61.7M |
毛利率BFAMFWRD
| Q4 25 | 19.3% | — | ||
| Q3 25 | 27.0% | — | ||
| Q2 25 | 25.0% | — | ||
| Q1 25 | 23.4% | — | ||
| Q4 24 | 20.8% | — | ||
| Q3 24 | 25.2% | — | ||
| Q2 24 | 24.2% | — | ||
| Q1 24 | 21.7% | — |
营业利润率BFAMFWRD
| Q4 25 | 6.2% | -0.5% | ||
| Q3 25 | 15.1% | 2.4% | ||
| Q2 25 | 11.8% | 3.2% | ||
| Q1 25 | 9.4% | 0.8% | ||
| Q4 24 | 7.2% | 12.0% | ||
| Q3 24 | 12.4% | 3.5% | ||
| Q2 24 | 10.3% | -170.2% | ||
| Q1 24 | 6.4% | -12.1% |
净利率BFAMFWRD
| Q4 25 | — | -4.5% | ||
| Q3 25 | 9.8% | -2.6% | ||
| Q2 25 | 7.5% | -2.0% | ||
| Q1 25 | 5.7% | -8.3% | ||
| Q4 24 | — | -5.8% | ||
| Q3 24 | 7.6% | -11.2% | ||
| Q2 24 | 5.8% | -100.3% | ||
| Q1 24 | 2.7% | -11.4% |
每股收益（稀释后）BFAMFWRD
| Q4 25 | $0.38 | $-0.90 | ||
| Q3 25 | $1.37 | $-0.52 | ||
| Q2 25 | $0.95 | $-0.41 | ||
| Q1 25 | $0.66 | $-1.68 | ||
| Q4 24 | $0.50 | $-1.69 | ||
| Q3 24 | $0.94 | $-2.66 | ||
| Q2 24 | $0.67 | $-23.47 | ||
| Q1 24 | $0.29 | $-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 | $140.1M | $106.0M |
| 总债务越低越好 | $747.6M | $1.7B |
| 股东权益账面价值 | $1.3B | $113.3M |
| 总资产 | $3.9B | $2.7B |
| 负债/权益比越低杠杆越低 | 0.56× | 14.89× |
8季度趋势，按日历期对齐
现金及短期投资BFAMFWRD
| Q4 25 | $140.1M | $106.0M | ||
| Q3 25 | $116.6M | $140.4M | ||
| Q2 25 | $179.2M | $95.1M | ||
| Q1 25 | $112.0M | $116.3M | ||
| Q4 24 | $110.3M | $104.9M | ||
| Q3 24 | $109.9M | $136.6M | ||
| Q2 24 | $140.2M | $84.9M | ||
| Q1 24 | $63.7M | $152.0M |
总债务BFAMFWRD
| Q4 25 | $747.6M | $1.7B | ||
| Q3 25 | $747.5M | $1.7B | ||
| Q2 25 | $797.0M | — | ||
| Q1 25 | $872.7M | — | ||
| Q4 24 | $918.4M | — | ||
| Q3 24 | $925.7M | — | ||
| Q2 24 | $931.9M | — | ||
| Q1 24 | $938.1M | $1.7B |
股东权益BFAMFWRD
| Q4 25 | $1.3B | $113.3M | ||
| Q3 25 | $1.4B | $139.8M | ||
| Q2 25 | $1.4B | $151.8M | ||
| Q1 25 | $1.3B | $154.6M | ||
| Q4 24 | $1.3B | $201.7M | ||
| Q3 24 | $1.4B | $226.1M | ||
| Q2 24 | $1.3B | $283.8M | ||
| Q1 24 | $1.2B | $926.1M |
总资产BFAMFWRD
| Q4 25 | $3.9B | $2.7B | ||
| Q3 25 | $3.9B | $2.8B | ||
| Q2 25 | $3.9B | $2.8B | ||
| Q1 25 | $3.8B | $2.8B | ||
| Q4 24 | $3.9B | $2.8B | ||
| Q3 24 | $3.9B | $3.1B | ||
| Q2 24 | $3.8B | $3.1B | ||
| Q1 24 | $3.8B | $4.0B |
负债/权益比BFAMFWRD
| Q4 25 | 0.56× | 14.89× | ||
| Q3 25 | 0.52× | 12.05× | ||
| Q2 25 | 0.57× | — | ||
| Q1 25 | 0.66× | — | ||
| Q4 24 | 0.72× | — | ||
| Q3 24 | 0.66× | — | ||
| Q2 24 | 0.73× | — | ||
| Q1 24 | 0.76× | 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 | $350.7M | — |
| 自由现金流经营现金流 - 资本支出 | $258.5M | — |
| 自由现金流率自由现金流/营收 | 35.2% | — |
| 资本支出强度资本支出/营收 | 12.6% | 1.3% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $402.4M | — |
8季度趋势，按日历期对齐
经营现金流BFAMFWRD
| Q4 25 | $350.7M | — | ||
| Q3 25 | $-17.6M | $52.7M | ||
| Q2 25 | $134.2M | — | ||
| Q1 25 | $86.2M | $27.6M | ||
| Q4 24 | $337.5M | $-23.2M | ||
| Q3 24 | $-8.9M | $51.2M | ||
| Q2 24 | $109.4M | $-45.2M | ||
| Q1 24 | $116.3M | $-51.7M |
自由现金流BFAMFWRD
| Q4 25 | $258.5M | — | ||
| Q3 25 | $-42.4M | $48.6M | ||
| Q2 25 | $115.4M | — | ||
| Q1 25 | $70.9M | $15.7M | ||
| Q4 24 | $240.2M | $-30.5M | ||
| Q3 24 | $-32.2M | $40.7M | ||
| Q2 24 | $86.8M | $-59.6M | ||
| Q1 24 | $96.9M | $-56.7M |
自由现金流率BFAMFWRD
| Q4 25 | 35.2% | — | ||
| Q3 25 | -5.3% | 7.7% | ||
| Q2 25 | 15.8% | — | ||
| Q1 25 | 10.7% | 2.6% | ||
| Q4 24 | 35.6% | -4.8% | ||
| Q3 24 | -4.5% | 6.2% | ||
| Q2 24 | 13.0% | -9.3% | ||
| Q1 24 | 15.6% | -10.5% |
资本支出强度BFAMFWRD
| Q4 25 | 12.6% | 1.3% | ||
| Q3 25 | 3.1% | 0.7% | ||
| Q2 25 | 2.6% | 0.8% | ||
| Q1 25 | 2.3% | 1.9% | ||
| Q4 24 | 14.4% | 1.1% | ||
| Q3 24 | 3.2% | 1.6% | ||
| Q2 24 | 3.4% | 2.2% | ||
| Q1 24 | 3.1% | 0.9% |
现金转化率BFAMFWRD
| Q4 25 | — | — | ||
| Q3 25 | -0.22× | — | ||
| Q2 25 | 2.45× | — | ||
| Q1 25 | 2.26× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -0.16× | — | ||
| Q2 24 | 2.79× | — | ||
| Q1 24 | 6.85× | — |
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
BFAM
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% |
