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达尔科技（DIOD）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的季度营收约是达尔科技的1.6倍（$631.2M vs $391.6M），达尔科技净利率更高（2.6% vs -4.5%，领先7.1%），达尔科技同比增速更快（15.4% vs -0.3%），过去两年达尔科技的营收复合增速更高（13.9% vs 7.9%）
达尔科技是一家全球性半导体制造商，主营分立器件、模拟及混合信号半导体产品的设计、生产与销售，产品广泛应用于汽车、工业、消费电子、计算及通信基础设施等核心领域，服务全球各地客户。
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。
DIOD vs FWRD — 直观对比
营收规模更大
FWRD
是对方的1.6倍
$391.6M
营收增速更快
DIOD
高出15.7%
-0.3%
净利率更高
DIOD
高出7.1%
-4.5%
两年增速更快
DIOD
近两年复合增速
7.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $391.6M | $631.2M |
| 净利润 | $10.2M | $-28.3M |
| 毛利率 | 31.1% | — |
| 营业利润率 | 3.4% | -0.5% |
| 净利率 | 2.6% | -4.5% |
| 营收同比 | 15.4% | -0.3% |
| 净利润同比 | 23.8% | 22.2% |
| 每股收益（稀释后） | $0.23 | $-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DIODFWRD
| Q4 25 | $391.6M | $631.2M | ||
| Q3 25 | $392.2M | $631.8M | ||
| Q2 25 | $366.2M | $618.8M | ||
| Q1 25 | $332.1M | $613.3M | ||
| Q4 24 | $339.3M | $632.8M | ||
| Q3 24 | $350.1M | $655.9M | ||
| Q2 24 | $319.8M | $643.7M | ||
| Q1 24 | $302.0M | $541.8M |
净利润DIODFWRD
| Q4 25 | $10.2M | $-28.3M | ||
| Q3 25 | $14.3M | $-16.3M | ||
| Q2 25 | $46.1M | $-12.6M | ||
| Q1 25 | $-4.4M | $-50.6M | ||
| Q4 24 | $8.2M | $-36.4M | ||
| Q3 24 | $13.7M | $-73.4M | ||
| Q2 24 | $8.0M | $-645.4M | ||
| Q1 24 | $14.0M | $-61.7M |
毛利率DIODFWRD
| Q4 25 | 31.1% | — | ||
| Q3 25 | 30.7% | — | ||
| Q2 25 | 31.5% | — | ||
| Q1 25 | 31.5% | — | ||
| Q4 24 | 32.7% | — | ||
| Q3 24 | 33.7% | — | ||
| Q2 24 | 33.6% | — | ||
| Q1 24 | 33.0% | — |
营业利润率DIODFWRD
| Q4 25 | 3.4% | -0.5% | ||
| Q3 25 | 3.0% | 2.4% | ||
| Q2 25 | 2.6% | 3.2% | ||
| Q1 25 | 0.4% | 0.8% | ||
| Q4 24 | 3.5% | 12.0% | ||
| Q3 24 | 6.2% | 3.5% | ||
| Q2 24 | 1.2% | -170.2% | ||
| Q1 24 | 4.3% | -12.1% |
净利率DIODFWRD
| Q4 25 | 2.6% | -4.5% | ||
| Q3 25 | 3.6% | -2.6% | ||
| Q2 25 | 12.6% | -2.0% | ||
| Q1 25 | -1.3% | -8.3% | ||
| Q4 24 | 2.4% | -5.8% | ||
| Q3 24 | 3.9% | -11.2% | ||
| Q2 24 | 2.5% | -100.3% | ||
| Q1 24 | 4.6% | -11.4% |
每股收益（稀释后）DIODFWRD
| Q4 25 | $0.23 | $-0.90 | ||
| Q3 25 | $0.31 | $-0.52 | ||
| Q2 25 | $0.99 | $-0.41 | ||
| Q1 25 | $-0.10 | $-1.68 | ||
| Q4 24 | $0.18 | $-1.69 | ||
| Q3 24 | $0.30 | $-2.66 | ||
| Q2 24 | $0.17 | $-23.47 | ||
| Q1 24 | $0.30 | $-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 | $377.0M | $106.0M |
| 总债务越低越好 | $25.7M | $1.7B |
| 股东权益账面价值 | $1.9B | $113.3M |
| 总资产 | $2.4B | $2.7B |
| 负债/权益比越低杠杆越低 | 0.01× | 14.89× |
8季度趋势，按日历期对齐
现金及短期投资DIODFWRD
| Q4 25 | $377.0M | $106.0M | ||
| Q3 25 | $386.4M | $140.4M | ||
| Q2 25 | $327.3M | $95.1M | ||
| Q1 25 | $343.9M | $116.3M | ||
| Q4 24 | $316.1M | $104.9M | ||
| Q3 24 | $319.3M | $136.6M | ||
| Q2 24 | $273.9M | $84.9M | ||
| Q1 24 | $276.0M | $152.0M |
总债务DIODFWRD
| Q4 25 | $25.7M | $1.7B | ||
| Q3 25 | $24.9M | $1.7B | ||
| Q2 25 | $26.4M | — | ||
| Q1 25 | $20.5M | — | ||
| Q4 24 | $20.7M | — | ||
| Q3 24 | $22.2M | — | ||
| Q2 24 | $20.3M | — | ||
| Q1 24 | $20.9M | $1.7B |
股东权益DIODFWRD
| Q4 25 | $1.9B | $113.3M | ||
| Q3 25 | $1.9B | $139.8M | ||
| Q2 25 | $1.9B | $151.8M | ||
| Q1 25 | $1.8B | $154.6M | ||
| Q4 24 | $1.8B | $201.7M | ||
| Q3 24 | $1.8B | $226.1M | ||
| Q2 24 | $1.8B | $283.8M | ||
| Q1 24 | $1.7B | $926.1M |
总资产DIODFWRD
| Q4 25 | $2.4B | $2.7B | ||
| Q3 25 | $2.5B | $2.8B | ||
| Q2 25 | $2.5B | $2.8B | ||
| Q1 25 | $2.4B | $2.8B | ||
| Q4 24 | $2.4B | $2.8B | ||
| Q3 24 | $2.4B | $3.1B | ||
| Q2 24 | $2.4B | $3.1B | ||
| Q1 24 | $2.4B | $4.0B |
负债/权益比DIODFWRD
| Q4 25 | 0.01× | 14.89× | ||
| Q3 25 | 0.01× | 12.05× | ||
| Q2 25 | 0.01× | — | ||
| Q1 25 | 0.01× | — | ||
| Q4 24 | 0.01× | — | ||
| Q3 24 | 0.01× | — | ||
| Q2 24 | 0.01× | — | ||
| Q1 24 | 0.01× | 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 | $38.1M | — |
| 自由现金流经营现金流 - 资本支出 | $12.4M | — |
| 自由现金流率自由现金流/营收 | 3.2% | — |
| 资本支出强度资本支出/营收 | 6.6% | 1.3% |
| 现金转化率经营现金流/净利润 | 3.74× | — |
| 过去12个月自由现金流最近4个季度 | $137.2M | — |
8季度趋势，按日历期对齐
经营现金流DIODFWRD
| Q4 25 | $38.1M | — | ||
| Q3 25 | $79.1M | $52.7M | ||
| Q2 25 | $41.5M | — | ||
| Q1 25 | $56.7M | $27.6M | ||
| Q4 24 | $81.8M | $-23.2M | ||
| Q3 24 | $54.4M | $51.2M | ||
| Q2 24 | $14.4M | $-45.2M | ||
| Q1 24 | $-31.1M | $-51.7M |
自由现金流DIODFWRD
| Q4 25 | $12.4M | — | ||
| Q3 25 | $62.8M | $48.6M | ||
| Q2 25 | $21.1M | — | ||
| Q1 25 | $40.8M | $15.7M | ||
| Q4 24 | $62.1M | $-30.5M | ||
| Q3 24 | $39.4M | $40.7M | ||
| Q2 24 | $-3.5M | $-59.6M | ||
| Q1 24 | $-51.5M | $-56.7M |
自由现金流率DIODFWRD
| Q4 25 | 3.2% | — | ||
| Q3 25 | 16.0% | 7.7% | ||
| Q2 25 | 5.8% | — | ||
| Q1 25 | 12.3% | 2.6% | ||
| Q4 24 | 18.3% | -4.8% | ||
| Q3 24 | 11.2% | 6.2% | ||
| Q2 24 | -1.1% | -9.3% | ||
| Q1 24 | -17.1% | -10.5% |
资本支出强度DIODFWRD
| Q4 25 | 6.6% | 1.3% | ||
| Q3 25 | 4.2% | 0.7% | ||
| Q2 25 | 5.6% | 0.8% | ||
| Q1 25 | 4.8% | 1.9% | ||
| Q4 24 | 5.8% | 1.1% | ||
| Q3 24 | 4.3% | 1.6% | ||
| Q2 24 | 5.6% | 2.2% | ||
| Q1 24 | 6.7% | 0.9% |
现金转化率DIODFWRD
| Q4 25 | 3.74× | — | ||
| Q3 25 | 5.54× | — | ||
| Q2 25 | 0.90× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 9.93× | — | ||
| Q3 24 | 3.95× | — | ||
| Q2 24 | 1.80× | — | ||
| Q1 24 | -2.22× | — |
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
DIOD
| Distributor | $253.1M | 65% |
| Direct Sales | $138.5M | 35% |
FWRD
| Omni Logistics Segment | $359.8M | 57% |
| Network | $183.9M | 29% |
| Intermodal Segment | $50.2M | 8% |
| Truckload | $41.6M | 7% |
