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Enovis CORP（ENOV）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Enovis CORP的1.1倍（$631.2M vs $548.9M），FORWARD AIR CORP净利率更高（-4.5% vs -104.1%，领先99.6%），FORWARD AIR CORP同比增速更快（-0.3% vs -2.2%），过去两年Enovis CORP的营收复合增速更高（9.8% vs 7.9%）
Enovis是一家专注于骨科领域的医疗科技企业，其前身是1995年由米切尔·雷尔斯和史蒂文·雷尔斯兄弟创立的科尔法克斯公司。公司总部位于特拉华州威尔明顿，目前在全球12个地点开展业务，拥有超过5000名员工，于纽约证券交易所上市，股票代码为ENOV。
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。
ENOV vs FWRD — 直观对比
营收规模更大
FWRD
是对方的1.1倍
$548.9M
营收增速更快
FWRD
高出1.9%
-2.2%
净利率更高
FWRD
高出99.6%
-104.1%
两年增速更快
ENOV
近两年复合增速
7.9%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $548.9M | $631.2M |
| 净利润 | $-571.1M | $-28.3M |
| 毛利率 | 59.9% | — |
| 营业利润率 | -101.7% | -0.5% |
| 净利率 | -104.1% | -4.5% |
| 营收同比 | -2.2% | -0.3% |
| 净利润同比 | 18.8% | 22.2% |
| 每股收益（稀释后） | $-9.99 | $-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ENOVFWRD
| Q4 25 | $548.9M | $631.2M | ||
| Q3 25 | $564.5M | $631.8M | ||
| Q2 25 | $558.8M | $618.8M | ||
| Q1 25 | — | $613.3M | ||
| Q4 24 | $561.0M | $632.8M | ||
| Q3 24 | $505.2M | $655.9M | ||
| Q2 24 | $525.2M | $643.7M | ||
| Q1 24 | $516.3M | $541.8M |
净利润ENOVFWRD
| Q4 25 | $-571.1M | $-28.3M | ||
| Q3 25 | $-36.7M | $-16.3M | ||
| Q2 25 | $-56.0M | $-12.6M | ||
| Q1 25 | — | $-50.6M | ||
| Q4 24 | $-703.2M | $-36.4M | ||
| Q3 24 | $-31.5M | $-73.4M | ||
| Q2 24 | $-18.6M | $-645.4M | ||
| Q1 24 | $-72.0M | $-61.7M |
毛利率ENOVFWRD
| Q4 25 | 59.9% | — | ||
| Q3 25 | 59.3% | — | ||
| Q2 25 | 59.5% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 54.8% | — | ||
| Q3 24 | 56.7% | — | ||
| Q2 24 | 55.0% | — | ||
| Q1 24 | 57.7% | — |
营业利润率ENOVFWRD
| Q4 25 | -101.7% | -0.5% | ||
| Q3 25 | -3.0% | 2.4% | ||
| Q2 25 | -8.4% | 3.2% | ||
| Q1 25 | — | 0.8% | ||
| Q4 24 | -118.5% | 12.0% | ||
| Q3 24 | -6.3% | 3.5% | ||
| Q2 24 | -8.4% | -170.2% | ||
| Q1 24 | -6.8% | -12.1% |
净利率ENOVFWRD
| Q4 25 | -104.1% | -4.5% | ||
| Q3 25 | -6.5% | -2.6% | ||
| Q2 25 | -10.0% | -2.0% | ||
| Q1 25 | — | -8.3% | ||
| Q4 24 | -125.4% | -5.8% | ||
| Q3 24 | -6.2% | -11.2% | ||
| Q2 24 | -3.5% | -100.3% | ||
| Q1 24 | -13.9% | -11.4% |
每股收益（稀释后）ENOVFWRD
| Q4 25 | $-9.99 | $-0.90 | ||
| Q3 25 | $-0.64 | $-0.52 | ||
| Q2 25 | $-0.98 | $-0.41 | ||
| Q1 25 | — | $-1.68 | ||
| Q4 24 | $-12.69 | $-1.69 | ||
| Q3 24 | $-0.58 | $-2.66 | ||
| Q2 24 | $-0.34 | $-23.47 | ||
| Q1 24 | $-1.32 | $-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 | $33.6M | $106.0M |
| 总债务越低越好 | $1.4B | $1.7B |
| 股东权益账面价值 | $2.0B | $113.3M |
| 总资产 | $4.4B | $2.7B |
| 负债/权益比越低杠杆越低 | 0.67× | 14.89× |
8季度趋势，按日历期对齐
现金及短期投资ENOVFWRD
| Q4 25 | $33.6M | $106.0M | ||
| Q3 25 | $44.1M | $140.4M | ||
| Q2 25 | $38.5M | $95.1M | ||
| Q1 25 | — | $116.3M | ||
| Q4 24 | $48.2M | $104.9M | ||
| Q3 24 | $35.4M | $136.6M | ||
| Q2 24 | $35.0M | $84.9M | ||
| Q1 24 | $66.3M | $152.0M |
总债务ENOVFWRD
| Q4 25 | $1.4B | $1.7B | ||
| Q3 25 | $1.4B | $1.7B | ||
| Q2 25 | $1.4B | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | $1.3B | — | ||
| Q2 24 | $1.3B | — | ||
| Q1 24 | $1.3B | $1.7B |
股东权益ENOVFWRD
| Q4 25 | $2.0B | $113.3M | ||
| Q3 25 | $2.6B | $139.8M | ||
| Q2 25 | $2.6B | $151.8M | ||
| Q1 25 | — | $154.6M | ||
| Q4 24 | $2.6B | $201.7M | ||
| Q3 24 | $3.3B | $226.1M | ||
| Q2 24 | $3.3B | $283.8M | ||
| Q1 24 | $3.3B | $926.1M |
总资产ENOVFWRD
| Q4 25 | $4.4B | $2.7B | ||
| Q3 25 | $5.0B | $2.8B | ||
| Q2 25 | $4.9B | $2.8B | ||
| Q1 25 | — | $2.8B | ||
| Q4 24 | $4.7B | $2.8B | ||
| Q3 24 | $5.6B | $3.1B | ||
| Q2 24 | $5.4B | $3.1B | ||
| Q1 24 | $5.5B | $4.0B |
负债/权益比ENOVFWRD
| Q4 25 | 0.67× | 14.89× | ||
| Q3 25 | 0.54× | 12.05× | ||
| Q2 25 | 0.53× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.52× | — | ||
| Q3 24 | 0.40× | — | ||
| Q2 24 | 0.41× | — | ||
| Q1 24 | 0.40× | 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 | $82.6M | — |
| 自由现金流经营现金流 - 资本支出 | $29.1M | — |
| 自由现金流率自由现金流/营收 | 5.3% | — |
| 资本支出强度资本支出/营收 | 9.7% | 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 | $22.8M | — |
8季度趋势，按日历期对齐
经营现金流ENOVFWRD
| Q4 25 | $82.6M | — | ||
| Q3 25 | $47.8M | $52.7M | ||
| Q2 25 | $-1.6M | — | ||
| Q1 25 | — | $27.6M | ||
| Q4 24 | $88.3M | $-23.2M | ||
| Q3 24 | $53.6M | $51.2M | ||
| Q2 24 | $7.8M | $-45.2M | ||
| Q1 24 | $-36.2M | $-51.7M |
自由现金流ENOVFWRD
| Q4 25 | $29.1M | — | ||
| Q3 25 | $3.4M | $48.6M | ||
| Q2 25 | $-44.9M | — | ||
| Q1 25 | — | $15.7M | ||
| Q4 24 | $35.1M | $-30.5M | ||
| Q3 24 | $2.4M | $40.7M | ||
| Q2 24 | $-31.6M | $-59.6M | ||
| Q1 24 | $-73.1M | $-56.7M |
自由现金流率ENOVFWRD
| Q4 25 | 5.3% | — | ||
| Q3 25 | 0.6% | 7.7% | ||
| Q2 25 | -8.0% | — | ||
| Q1 25 | — | 2.6% | ||
| Q4 24 | 6.3% | -4.8% | ||
| Q3 24 | 0.5% | 6.2% | ||
| Q2 24 | -6.0% | -9.3% | ||
| Q1 24 | -14.2% | -10.5% |
资本支出强度ENOVFWRD
| Q4 25 | 9.7% | 1.3% | ||
| Q3 25 | 7.9% | 0.7% | ||
| Q2 25 | 7.7% | 0.8% | ||
| Q1 25 | — | 1.9% | ||
| Q4 24 | 9.5% | 1.1% | ||
| Q3 24 | 10.1% | 1.6% | ||
| Q2 24 | 7.5% | 2.2% | ||
| Q1 24 | 7.2% | 0.9% |
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
ENOV
| Reconstructive Segment | $258.0M | 47% |
| Surgical | $129.0M | 23% |
| Prevention And Recovery | $92.6M | 17% |
| Other Prevention And Recovery | $71.4M | 13% |
FWRD
| Omni Logistics Segment | $359.8M | 57% |
| Network | $183.9M | 29% |
| Intermodal Segment | $50.2M | 8% |
| Truckload | $41.6M | 7% |
