vs
Clearwater Paper Corp（CLW）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Clearwater Paper Corp的1.8倍（$631.2M vs $360.3M），Clearwater Paper Corp净利率更高（-3.6% vs -4.5%，领先0.9%），FORWARD AIR CORP同比增速更快（-0.3% vs -4.7%），过去两年FORWARD AIR CORP的营收复合增速更高（7.9% vs 2.3%）
净水纸业公司是美国的一家纸浆与纸板制造商，总部位于华盛顿州斯波坎。公司于2008年12月9日从波特拉奇公司分拆设立，专注于纸浆及纸板产品的研发生产与销售，是北美地区该领域颇具影响力的生产企业。
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。
CLW vs FWRD — 直观对比
营收规模更大
FWRD
是对方的1.8倍
$360.3M
营收增速更快
FWRD
高出4.5%
-4.7%
净利率更高
CLW
高出0.9%
-4.5%
两年增速更快
FWRD
近两年复合增速
2.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $360.3M | $631.2M |
| 净利润 | $-12.8M | $-28.3M |
| 毛利率 | -0.2% | — |
| 营业利润率 | — | -0.5% |
| 净利率 | -3.6% | -4.5% |
| 营收同比 | -4.7% | -0.3% |
| 净利润同比 | -103.2% | 22.2% |
| 每股收益（稀释后） | — | $-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CLWFWRD
| Q1 26 | $360.3M | — | ||
| Q4 25 | $386.4M | $631.2M | ||
| Q3 25 | $399.0M | $631.8M | ||
| Q2 25 | $391.8M | $618.8M | ||
| Q1 25 | $378.2M | $613.3M | ||
| Q4 24 | $387.1M | $632.8M | ||
| Q3 24 | $393.3M | $655.9M | ||
| Q2 24 | $344.4M | $643.7M |
净利润CLWFWRD
| Q1 26 | $-12.8M | — | ||
| Q4 25 | $38.3M | $-28.3M | ||
| Q3 25 | $-53.3M | $-16.3M | ||
| Q2 25 | $2.7M | $-12.6M | ||
| Q1 25 | $-6.3M | $-50.6M | ||
| Q4 24 | $199.1M | $-36.4M | ||
| Q3 24 | $5.8M | $-73.4M | ||
| Q2 24 | $-25.8M | $-645.4M |
毛利率CLWFWRD
| Q1 26 | -0.2% | — | ||
| Q4 25 | 4.5% | — | ||
| Q3 25 | 4.7% | — | ||
| Q2 25 | 11.0% | — | ||
| Q1 25 | 9.7% | — | ||
| Q4 24 | 3.8% | — | ||
| Q3 24 | 7.7% | — | ||
| Q2 24 | -0.6% | — |
营业利润率CLWFWRD
| Q1 26 | — | — | ||
| Q4 25 | 1.9% | -0.5% | ||
| Q3 25 | -13.9% | 2.4% | ||
| Q2 25 | 2.5% | 3.2% | ||
| Q1 25 | -1.1% | 0.8% | ||
| Q4 24 | -4.0% | 12.0% | ||
| Q3 24 | -0.3% | 3.5% | ||
| Q2 24 | -13.6% | -170.2% |
净利率CLWFWRD
| Q1 26 | -3.6% | — | ||
| Q4 25 | 9.9% | -4.5% | ||
| Q3 25 | -13.4% | -2.6% | ||
| Q2 25 | 0.7% | -2.0% | ||
| Q1 25 | -1.7% | -8.3% | ||
| Q4 24 | 51.4% | -5.8% | ||
| Q3 24 | 1.5% | -11.2% | ||
| Q2 24 | -7.5% | -100.3% |
每股收益（稀释后）CLWFWRD
| Q1 26 | — | — | ||
| Q4 25 | $2.36 | $-0.90 | ||
| Q3 25 | $-3.30 | $-0.52 | ||
| Q2 25 | $0.17 | $-0.41 | ||
| Q1 25 | $-0.38 | $-1.68 | ||
| Q4 24 | $11.87 | $-1.69 | ||
| Q3 24 | $0.35 | $-2.66 | ||
| Q2 24 | $-1.55 | $-23.47 |
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 | $36.5M | $106.0M |
| 总债务越低越好 | $361.1M | $1.7B |
| 股东权益账面价值 | $813.8M | $113.3M |
| 总资产 | $1.6B | $2.7B |
| 负债/权益比越低杠杆越低 | 0.44× | 14.89× |
8季度趋势，按日历期对齐
现金及短期投资CLWFWRD
| Q1 26 | $36.5M | — | ||
| Q4 25 | $30.7M | $106.0M | ||
| Q3 25 | $34.4M | $140.4M | ||
| Q2 25 | $46.7M | $95.1M | ||
| Q1 25 | $44.0M | $116.3M | ||
| Q4 24 | $79.6M | $104.9M | ||
| Q3 24 | $35.5M | $136.6M | ||
| Q2 24 | $39.6M | $84.9M |
总债务CLWFWRD
| Q1 26 | $361.1M | — | ||
| Q4 25 | $346.8M | $1.7B | ||
| Q3 25 | $337.0M | $1.7B | ||
| Q2 25 | $330.1M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $283.4M | — | ||
| Q3 24 | $1.2B | — | ||
| Q2 24 | $1.1B | — |
股东权益CLWFWRD
| Q1 26 | $813.8M | — | ||
| Q4 25 | $825.3M | $113.3M | ||
| Q3 25 | $783.0M | $139.8M | ||
| Q2 25 | $836.8M | $151.8M | ||
| Q1 25 | $836.6M | $154.6M | ||
| Q4 24 | $854.6M | $201.7M | ||
| Q3 24 | $664.6M | $226.1M | ||
| Q2 24 | $658.6M | $283.8M |
总资产CLWFWRD
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | $2.7B | ||
| Q3 25 | $1.6B | $2.8B | ||
| Q2 25 | $1.6B | $2.8B | ||
| Q1 25 | $1.6B | $2.8B | ||
| Q4 24 | $1.7B | $2.8B | ||
| Q3 24 | $2.5B | $3.1B | ||
| Q2 24 | $2.5B | $3.1B |
负债/权益比CLWFWRD
| Q1 26 | 0.44× | — | ||
| Q4 25 | 0.42× | 14.89× | ||
| Q3 25 | 0.43× | 12.05× | ||
| Q2 25 | 0.39× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.33× | — | ||
| Q3 24 | 1.73× | — | ||
| Q2 24 | 1.74× | — |
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
CLW
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% |
