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Concentra Group Holdings Parent, Inc.（CON）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Concentra Group Holdings Parent, Inc.的1.2倍（$631.2M vs $539.1M），Concentra Group Holdings Parent, Inc.净利率更高（6.4% vs -4.5%，领先10.9%）
Concentra是美国的职业医疗服务商，1979年成立于得克萨斯州阿马里洛，总部位于得克萨斯州艾迪生。业务覆盖美国47个州，运营627家职业医疗中心和410个雇主驻地现场诊所，美国每7起职业伤害案例中就有1起由该机构提供诊疗服务。
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。
CON vs FWRD — 直观对比
营收规模更大
FWRD
是对方的1.2倍
$539.1M
净利率更高
CON
高出10.9%
-4.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $539.1M | $631.2M |
| 净利润 | $34.7M | $-28.3M |
| 毛利率 | — | — |
| 营业利润率 | 12.9% | -0.5% |
| 净利率 | 6.4% | -4.5% |
| 营收同比 | — | -0.3% |
| 净利润同比 | — | 22.2% |
| 每股收益（稀释后） | $0.27 | $-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CONFWRD
| Q4 25 | $539.1M | $631.2M | ||
| Q3 25 | $572.8M | $631.8M | ||
| Q2 25 | $550.8M | $618.8M | ||
| Q1 25 | $500.8M | $613.3M | ||
| Q4 24 | — | $632.8M | ||
| Q3 24 | $489.6M | $655.9M | ||
| Q2 24 | $477.9M | $643.7M | ||
| Q1 24 | — | $541.8M |
净利润CONFWRD
| Q4 25 | $34.7M | $-28.3M | ||
| Q3 25 | $48.3M | $-16.3M | ||
| Q2 25 | $44.6M | $-12.6M | ||
| Q1 25 | $38.9M | $-50.6M | ||
| Q4 24 | — | $-36.4M | ||
| Q3 24 | $44.3M | $-73.4M | ||
| Q2 24 | $51.7M | $-645.4M | ||
| Q1 24 | — | $-61.7M |
营业利润率CONFWRD
| Q4 25 | 12.9% | -0.5% | ||
| Q3 25 | 16.5% | 2.4% | ||
| Q2 25 | 16.3% | 3.2% | ||
| Q1 25 | 16.0% | 0.8% | ||
| Q4 24 | — | 12.0% | ||
| Q3 24 | 17.6% | 3.5% | ||
| Q2 24 | 17.6% | -170.2% | ||
| Q1 24 | — | -12.1% |
净利率CONFWRD
| Q4 25 | 6.4% | -4.5% | ||
| Q3 25 | 8.4% | -2.6% | ||
| Q2 25 | 8.1% | -2.0% | ||
| Q1 25 | 7.8% | -8.3% | ||
| Q4 24 | — | -5.8% | ||
| Q3 24 | 9.1% | -11.2% | ||
| Q2 24 | 10.8% | -100.3% | ||
| Q1 24 | — | -11.4% |
每股收益（稀释后）CONFWRD
| Q4 25 | $0.27 | $-0.90 | ||
| Q3 25 | $0.38 | $-0.52 | ||
| Q2 25 | $0.35 | $-0.41 | ||
| Q1 25 | $0.30 | $-1.68 | ||
| Q4 24 | — | $-1.69 | ||
| Q3 24 | $0.37 | $-2.66 | ||
| Q2 24 | $0.50 | $-23.47 | ||
| Q1 24 | — | $-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 | $79.9M | $106.0M |
| 总债务越低越好 | $1.6B | $1.7B |
| 股东权益账面价值 | $393.3M | $113.3M |
| 总资产 | $2.9B | $2.7B |
| 负债/权益比越低杠杆越低 | 3.98× | 14.89× |
8季度趋势，按日历期对齐
现金及短期投资CONFWRD
| Q4 25 | $79.9M | $106.0M | ||
| Q3 25 | $49.9M | $140.4M | ||
| Q2 25 | $73.9M | $95.1M | ||
| Q1 25 | $52.1M | $116.3M | ||
| Q4 24 | — | $104.9M | ||
| Q3 24 | $136.8M | $136.6M | ||
| Q2 24 | $50.7M | $84.9M | ||
| Q1 24 | — | $152.0M |
总债务CONFWRD
| Q4 25 | $1.6B | $1.7B | ||
| Q3 25 | $1.6B | $1.7B | ||
| Q2 25 | $1.7B | — | ||
| Q1 25 | $1.6B | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $1.5B | — | ||
| Q2 24 | $3.0M | — | ||
| Q1 24 | — | $1.7B |
股东权益CONFWRD
| Q4 25 | $393.3M | $113.3M | ||
| Q3 25 | $385.5M | $139.8M | ||
| Q2 25 | $342.6M | $151.8M | ||
| Q1 25 | $307.1M | $154.6M | ||
| Q4 24 | — | $201.7M | ||
| Q3 24 | $277.8M | $226.1M | ||
| Q2 24 | $1.2B | $283.8M | ||
| Q1 24 | — | $926.1M |
总资产CONFWRD
| Q4 25 | $2.9B | $2.7B | ||
| Q3 25 | $2.8B | $2.8B | ||
| Q2 25 | $2.8B | $2.8B | ||
| Q1 25 | $2.7B | $2.8B | ||
| Q4 24 | — | $2.8B | ||
| Q3 24 | $2.5B | $3.1B | ||
| Q2 24 | $2.4B | $3.1B | ||
| Q1 24 | — | $4.0B |
负债/权益比CONFWRD
| Q4 25 | 3.98× | 14.89× | ||
| Q3 25 | 4.15× | 12.05× | ||
| Q2 25 | 4.82× | — | ||
| Q1 25 | 5.27× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 5.30× | — | ||
| Q2 24 | 0.00× | — | ||
| Q1 24 | — | 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 | $118.7M | — |
| 自由现金流经营现金流 - 资本支出 | $98.5M | — |
| 自由现金流率自由现金流/营收 | 18.3% | — |
| 资本支出强度资本支出/营收 | 3.7% | 1.3% |
| 现金转化率经营现金流/净利润 | 3.42× | — |
| 过去12个月自由现金流最近4个季度 | $197.1M | — |
8季度趋势，按日历期对齐
经营现金流CONFWRD
| Q4 25 | $118.7M | — | ||
| Q3 25 | $60.6M | $52.7M | ||
| Q2 25 | $88.4M | — | ||
| Q1 25 | $11.7M | $27.6M | ||
| Q4 24 | — | $-23.2M | ||
| Q3 24 | $65.9M | $51.2M | ||
| Q2 24 | — | $-45.2M | ||
| Q1 24 | — | $-51.7M |
自由现金流CONFWRD
| Q4 25 | $98.5M | — | ||
| Q3 25 | $39.4M | $48.6M | ||
| Q2 25 | $63.2M | — | ||
| Q1 25 | $-4.0M | $15.7M | ||
| Q4 24 | — | $-30.5M | ||
| Q3 24 | $50.8M | $40.7M | ||
| Q2 24 | — | $-59.6M | ||
| Q1 24 | — | $-56.7M |
自由现金流率CONFWRD
| Q4 25 | 18.3% | — | ||
| Q3 25 | 6.9% | 7.7% | ||
| Q2 25 | 11.5% | — | ||
| Q1 25 | -0.8% | 2.6% | ||
| Q4 24 | — | -4.8% | ||
| Q3 24 | 10.4% | 6.2% | ||
| Q2 24 | — | -9.3% | ||
| Q1 24 | — | -10.5% |
资本支出强度CONFWRD
| Q4 25 | 3.7% | 1.3% | ||
| Q3 25 | 3.7% | 0.7% | ||
| Q2 25 | 4.6% | 0.8% | ||
| Q1 25 | 3.1% | 1.9% | ||
| Q4 24 | — | 1.1% | ||
| Q3 24 | 3.1% | 1.6% | ||
| Q2 24 | — | 2.2% | ||
| Q1 24 | — | 0.9% |
现金转化率CONFWRD
| Q4 25 | 3.42× | — | ||
| Q3 25 | 1.26× | — | ||
| Q2 25 | 1.98× | — | ||
| Q1 25 | 0.30× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.49× | — | ||
| 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
CON
| Occupational Health Center Workers Compensation | $328.5M | 61% |
| Occupational Health Center Employer Services | $151.9M | 28% |
| Onsite Health Clinics | $36.2M | 7% |
| Other Businesses | $12.3M | 2% |
| Occupational Health Center Consumer Health | $8.1M | 2% |
| Occupational Health Center Other | $2.1M | 0% |
FWRD
| Omni Logistics Segment | $359.8M | 57% |
| Network | $183.9M | 29% |
| Intermodal Segment | $50.2M | 8% |
| Truckload | $41.6M | 7% |
