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COMPASS MINERALS INTERNATIONAL INC（CMP）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COMPASS MINERALS INTERNATIONAL INC的1.6倍（$631.2M vs $396.1M），COMPASS MINERALS INTERNATIONAL INC净利率更高（4.7% vs -4.5%，领先9.2%），COMPASS MINERALS INTERNATIONAL INC同比增速更快（28.9% vs -0.3%），过去两年FORWARD AIR CORP的营收复合增速更高（7.9% vs 4.3%）
指南针矿产国际是一家美国上市矿产企业，总部位于堪萨斯州欧弗兰帕克，是盐、氯化镁和硫酸钾等产品的领先生产商。公司面向北美和英国客户供应经处理与未经处理的散装道路除冰盐，同时向全球种植者提供植物营养产品，此外也生产民用除冰、水质调节产品及相关商用产品。
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。
CMP vs FWRD — 直观对比
营收规模更大
FWRD
是对方的1.6倍
$396.1M
营收增速更快
CMP
高出29.2%
-0.3%
净利率更高
CMP
高出9.2%
-4.5%
两年增速更快
FWRD
近两年复合增速
4.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $396.1M | $631.2M |
| 净利润 | $18.6M | $-28.3M |
| 毛利率 | 16.0% | — |
| 营业利润率 | 9.2% | -0.5% |
| 净利率 | 4.7% | -4.5% |
| 营收同比 | 28.9% | -0.3% |
| 净利润同比 | 178.8% | 22.2% |
| 每股收益（稀释后） | $0.43 | $-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CMPFWRD
| Q4 25 | $396.1M | $631.2M | ||
| Q3 25 | $227.5M | $631.8M | ||
| Q2 25 | $214.6M | $618.8M | ||
| Q1 25 | $494.6M | $613.3M | ||
| Q4 24 | $307.2M | $632.8M | ||
| Q3 24 | $208.8M | $655.9M | ||
| Q2 24 | $202.9M | $643.7M | ||
| Q1 24 | $364.0M | $541.8M |
净利润CMPFWRD
| Q4 25 | $18.6M | $-28.3M | ||
| Q3 25 | $-7.2M | $-16.3M | ||
| Q2 25 | $-17.0M | $-12.6M | ||
| Q1 25 | $-32.0M | $-50.6M | ||
| Q4 24 | $-23.6M | $-36.4M | ||
| Q3 24 | $-48.3M | $-73.4M | ||
| Q2 24 | $-43.6M | $-645.4M | ||
| Q1 24 | $-38.9M | $-61.7M |
毛利率CMPFWRD
| Q4 25 | 16.0% | — | ||
| Q3 25 | 16.9% | — | ||
| Q2 25 | 19.2% | — | ||
| Q1 25 | 15.5% | — | ||
| Q4 24 | 11.2% | — | ||
| Q3 24 | 9.3% | — | ||
| Q2 24 | 16.1% | — | ||
| Q1 24 | 19.7% | — |
营业利润率CMPFWRD
| Q4 25 | 9.2% | -0.5% | ||
| Q3 25 | 5.3% | 2.4% | ||
| Q2 25 | 7.4% | 3.2% | ||
| Q1 25 | -0.6% | 0.8% | ||
| Q4 24 | 0.2% | 12.0% | ||
| Q3 24 | -14.3% | 3.5% | ||
| Q2 24 | 2.9% | -170.2% | ||
| Q1 24 | -10.8% | -12.1% |
净利率CMPFWRD
| Q4 25 | 4.7% | -4.5% | ||
| Q3 25 | -3.2% | -2.6% | ||
| Q2 25 | -7.9% | -2.0% | ||
| Q1 25 | -6.5% | -8.3% | ||
| Q4 24 | -7.7% | -5.8% | ||
| Q3 24 | -23.1% | -11.2% | ||
| Q2 24 | -21.5% | -100.3% | ||
| Q1 24 | -10.7% | -11.4% |
每股收益（稀释后）CMPFWRD
| Q4 25 | $0.43 | $-0.90 | ||
| Q3 25 | — | $-0.52 | ||
| Q2 25 | $-0.41 | $-0.41 | ||
| Q1 25 | $-0.77 | $-1.68 | ||
| Q4 24 | $-0.57 | $-1.69 | ||
| Q3 24 | $-1.17 | $-2.66 | ||
| Q2 24 | $-1.05 | $-23.47 | ||
| Q1 24 | $-0.94 | $-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 | $46.7M | $106.0M |
| 总债务越低越好 | $890.0M | $1.7B |
| 股东权益账面价值 | $260.5M | $113.3M |
| 总资产 | $1.5B | $2.7B |
| 负债/权益比越低杠杆越低 | 3.42× | 14.89× |
8季度趋势，按日历期对齐
现金及短期投资CMPFWRD
| Q4 25 | $46.7M | $106.0M | ||
| Q3 25 | $59.7M | $140.4M | ||
| Q2 25 | $79.4M | $95.1M | ||
| Q1 25 | $49.5M | $116.3M | ||
| Q4 24 | $45.8M | $104.9M | ||
| Q3 24 | $20.2M | $136.6M | ||
| Q2 24 | $12.8M | $84.9M | ||
| Q1 24 | $38.3M | $152.0M |
总债务CMPFWRD
| Q4 25 | $890.0M | $1.7B | ||
| Q3 25 | $839.8M | $1.7B | ||
| Q2 25 | $833.4M | — | ||
| Q1 25 | $807.6M | — | ||
| Q4 24 | $974.4M | — | ||
| Q3 24 | $921.2M | — | ||
| Q2 24 | $875.1M | — | ||
| Q1 24 | $877.2M | $1.7B |
股东权益CMPFWRD
| Q4 25 | $260.5M | $113.3M | ||
| Q3 25 | $234.1M | $139.8M | ||
| Q2 25 | $249.8M | $151.8M | ||
| Q1 25 | $236.5M | $154.6M | ||
| Q4 24 | $263.0M | $201.7M | ||
| Q3 24 | $316.6M | $226.1M | ||
| Q2 24 | $352.1M | $283.8M | ||
| Q1 24 | $400.4M | $926.1M |
总资产CMPFWRD
| Q4 25 | $1.5B | $2.7B | ||
| Q3 25 | $1.5B | $2.8B | ||
| Q2 25 | $1.5B | $2.8B | ||
| Q1 25 | $1.5B | $2.8B | ||
| Q4 24 | $1.7B | $2.8B | ||
| Q3 24 | $1.6B | $3.1B | ||
| Q2 24 | $1.6B | $3.1B | ||
| Q1 24 | $1.7B | $4.0B |
负债/权益比CMPFWRD
| Q4 25 | 3.42× | 14.89× | ||
| Q3 25 | 3.59× | 12.05× | ||
| Q2 25 | 3.34× | — | ||
| Q1 25 | 3.41× | — | ||
| Q4 24 | 3.70× | — | ||
| Q3 24 | 2.91× | — | ||
| Q2 24 | 2.49× | — | ||
| Q1 24 | 2.19× | 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 | $-37.0M | — |
| 自由现金流经营现金流 - 资本支出 | $-59.8M | — |
| 自由现金流率自由现金流/营收 | -15.1% | — |
| 资本支出强度资本支出/营收 | 5.8% | 1.3% |
| 现金转化率经营现金流/净利润 | -1.99× | — |
| 过去12个月自由现金流最近4个季度 | $94.1M | — |
8季度趋势，按日历期对齐
经营现金流CMPFWRD
| Q4 25 | $-37.0M | — | ||
| Q3 25 | $-6.9M | $52.7M | ||
| Q2 25 | $21.8M | — | ||
| Q1 25 | $186.9M | $27.6M | ||
| Q4 24 | $-4.1M | $-23.2M | ||
| Q3 24 | $-12.7M | $51.2M | ||
| Q2 24 | $-6.8M | $-45.2M | ||
| Q1 24 | $86.2M | $-51.7M |
自由现金流CMPFWRD
| Q4 25 | $-59.8M | — | ||
| Q3 25 | $-22.8M | $48.6M | ||
| Q2 25 | $3.8M | — | ||
| Q1 25 | $172.9M | $15.7M | ||
| Q4 24 | $-25.9M | $-30.5M | ||
| Q3 24 | $-33.6M | $40.7M | ||
| Q2 24 | $-21.5M | $-59.6M | ||
| Q1 24 | $56.2M | $-56.7M |
自由现金流率CMPFWRD
| Q4 25 | -15.1% | — | ||
| Q3 25 | -10.0% | 7.7% | ||
| Q2 25 | 1.8% | — | ||
| Q1 25 | 35.0% | 2.6% | ||
| Q4 24 | -8.4% | -4.8% | ||
| Q3 24 | -16.1% | 6.2% | ||
| Q2 24 | -10.6% | -9.3% | ||
| Q1 24 | 15.4% | -10.5% |
资本支出强度CMPFWRD
| Q4 25 | 5.8% | 1.3% | ||
| Q3 25 | 7.0% | 0.7% | ||
| Q2 25 | 8.4% | 0.8% | ||
| Q1 25 | 2.8% | 1.9% | ||
| Q4 24 | 7.1% | 1.1% | ||
| Q3 24 | 10.0% | 1.6% | ||
| Q2 24 | 7.2% | 2.2% | ||
| Q1 24 | 8.2% | 0.9% |
现金转化率CMPFWRD
| Q4 25 | -1.99× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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
CMP
| Highway Deicing Salt | $210.8M | 53% |
| Consumer Industrial Salt | $120.7M | 30% |
| Plant Nutrition | $60.8M | 15% |
| Transferred Over Time | $2.8M | 1% |
| Other | $1.0M | 0% |
FWRD
| Omni Logistics Segment | $359.8M | 57% |
| Network | $183.9M | 29% |
| Intermodal Segment | $50.2M | 8% |
| Truckload | $41.6M | 7% |
