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EAGLE MATERIALS INC（EXP）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EAGLE MATERIALS INC的1.1倍（$631.2M vs $556.0M），EAGLE MATERIALS INC净利率更高（18.5% vs -4.5%，领先23.0%），FORWARD AIR CORP同比增速更快（-0.3% vs -0.4%），过去两年EAGLE MATERIALS INC的营收复合增速更高（8.0% vs 7.9%）
Eagle Materials Inc.是总部位于美国得克萨斯州达拉斯的建筑材料生产企业，主营产品包括水泥、混凝土、建筑骨料、石膏、墙板、纸板以及水力压裂作业专用砂，产品广泛应用于建筑施工、能源开发等多个领域。
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。
EXP vs FWRD — 直观对比
营收规模更大
FWRD
是对方的1.1倍
$556.0M
营收增速更快
FWRD
高出0.1%
-0.4%
净利率更高
EXP
高出23.0%
-4.5%
两年增速更快
EXP
近两年复合增速
7.9%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $556.0M | $631.2M |
| 净利润 | $102.9M | $-28.3M |
| 毛利率 | 28.9% | — |
| 营业利润率 | — | -0.5% |
| 净利率 | 18.5% | -4.5% |
| 营收同比 | -0.4% | -0.3% |
| 净利润同比 | -13.9% | 22.2% |
| 每股收益（稀释后） | $3.22 | $-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EXPFWRD
| Q4 25 | $556.0M | $631.2M | ||
| Q3 25 | $638.9M | $631.8M | ||
| Q2 25 | $634.7M | $618.8M | ||
| Q1 25 | $470.2M | $613.3M | ||
| Q4 24 | $558.0M | $632.8M | ||
| Q3 24 | $623.6M | $655.9M | ||
| Q2 24 | $608.7M | $643.7M | ||
| Q1 24 | $476.7M | $541.8M |
净利润EXPFWRD
| Q4 25 | $102.9M | $-28.3M | ||
| Q3 25 | $137.4M | $-16.3M | ||
| Q2 25 | $123.4M | $-12.6M | ||
| Q1 25 | $66.5M | $-50.6M | ||
| Q4 24 | $119.6M | $-36.4M | ||
| Q3 24 | $143.5M | $-73.4M | ||
| Q2 24 | $133.8M | $-645.4M | ||
| Q1 24 | $77.1M | $-61.7M |
毛利率EXPFWRD
| Q4 25 | 28.9% | — | ||
| Q3 25 | 31.3% | — | ||
| Q2 25 | 29.2% | — | ||
| Q1 25 | 22.2% | — | ||
| Q4 24 | 31.9% | — | ||
| Q3 24 | 32.7% | — | ||
| Q2 24 | 30.7% | — | ||
| Q1 24 | 25.1% | — |
营业利润率EXPFWRD
| Q4 25 | — | -0.5% | ||
| Q3 25 | — | 2.4% | ||
| Q2 25 | — | 3.2% | ||
| Q1 25 | — | 0.8% | ||
| Q4 24 | 32.8% | 12.0% | ||
| Q3 24 | 34.2% | 3.5% | ||
| Q2 24 | 32.0% | -170.2% | ||
| Q1 24 | 26.9% | -12.1% |
净利率EXPFWRD
| Q4 25 | 18.5% | -4.5% | ||
| Q3 25 | 21.5% | -2.6% | ||
| Q2 25 | 19.4% | -2.0% | ||
| Q1 25 | 14.1% | -8.3% | ||
| Q4 24 | 21.4% | -5.8% | ||
| Q3 24 | 23.0% | -11.2% | ||
| Q2 24 | 22.0% | -100.3% | ||
| Q1 24 | 16.2% | -11.4% |
每股收益（稀释后）EXPFWRD
| Q4 25 | $3.22 | $-0.90 | ||
| Q3 25 | $4.23 | $-0.52 | ||
| Q2 25 | $3.76 | $-0.41 | ||
| Q1 25 | $2.01 | $-1.68 | ||
| Q4 24 | $3.56 | $-1.69 | ||
| Q3 24 | $4.26 | $-2.66 | ||
| Q2 24 | $3.94 | $-23.47 | ||
| Q1 24 | $2.23 | $-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 | $419.0M | $106.0M |
| 总债务越低越好 | — | $1.7B |
| 股东权益账面价值 | $1.5B | $113.3M |
| 总资产 | $3.8B | $2.7B |
| 负债/权益比越低杠杆越低 | — | 14.89× |
8季度趋势，按日历期对齐
现金及短期投资EXPFWRD
| Q4 25 | $419.0M | $106.0M | ||
| Q3 25 | $35.0M | $140.4M | ||
| Q2 25 | $59.7M | $95.1M | ||
| Q1 25 | $20.4M | $116.3M | ||
| Q4 24 | $31.2M | $104.9M | ||
| Q3 24 | $93.9M | $136.6M | ||
| Q2 24 | $46.5M | $84.9M | ||
| Q1 24 | $34.9M | $152.0M |
总债务EXPFWRD
| Q4 25 | — | $1.7B | ||
| Q3 25 | — | $1.7B | ||
| Q2 25 | — | — | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $1.1B | $1.7B |
股东权益EXPFWRD
| Q4 25 | $1.5B | $113.3M | ||
| Q3 25 | $1.5B | $139.8M | ||
| Q2 25 | $1.5B | $151.8M | ||
| Q1 25 | $1.5B | $154.6M | ||
| Q4 24 | $1.5B | $201.7M | ||
| Q3 24 | $1.4B | $226.1M | ||
| Q2 24 | $1.4B | $283.8M | ||
| Q1 24 | $1.3B | $926.1M |
总资产EXPFWRD
| Q4 25 | $3.8B | $2.7B | ||
| Q3 25 | $3.4B | $2.8B | ||
| Q2 25 | $3.4B | $2.8B | ||
| Q1 25 | $3.3B | $2.8B | ||
| Q4 24 | $3.0B | $2.8B | ||
| Q3 24 | $3.1B | $3.1B | ||
| Q2 24 | $3.0B | $3.1B | ||
| Q1 24 | $2.9B | $4.0B |
负债/权益比EXPFWRD
| Q4 25 | — | 14.89× | ||
| Q3 25 | — | 12.05× | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.86× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.84× | 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 | $170.8M | — |
| 自由现金流经营现金流 - 资本支出 | $60.8M | — |
| 自由现金流率自由现金流/营收 | 10.9% | — |
| 资本支出强度资本支出/营收 | 19.8% | 1.3% |
| 现金转化率经营现金流/净利润 | 1.66× | — |
| 过去12个月自由现金流最近4个季度 | $231.8M | — |
8季度趋势，按日历期对齐
经营现金流EXPFWRD
| Q4 25 | $170.8M | — | ||
| Q3 25 | $204.6M | $52.7M | ||
| Q2 25 | $136.6M | — | ||
| Q1 25 | $62.8M | $27.6M | ||
| Q4 24 | $119.9M | $-23.2M | ||
| Q3 24 | $233.3M | $51.2M | ||
| Q2 24 | $132.6M | $-45.2M | ||
| Q1 24 | $63.4M | $-51.7M |
自由现金流EXPFWRD
| Q4 25 | $60.8M | — | ||
| Q3 25 | $96.1M | $48.6M | ||
| Q2 25 | $60.5M | — | ||
| Q1 25 | $14.5M | $15.7M | ||
| Q4 24 | $72.5M | $-30.5M | ||
| Q3 24 | $166.8M | $40.7M | ||
| Q2 24 | $99.5M | $-59.6M | ||
| Q1 24 | $30.9M | $-56.7M |
自由现金流率EXPFWRD
| Q4 25 | 10.9% | — | ||
| Q3 25 | 15.0% | 7.7% | ||
| Q2 25 | 9.5% | — | ||
| Q1 25 | 3.1% | 2.6% | ||
| Q4 24 | 13.0% | -4.8% | ||
| Q3 24 | 26.7% | 6.2% | ||
| Q2 24 | 16.3% | -9.3% | ||
| Q1 24 | 6.5% | -10.5% |
资本支出强度EXPFWRD
| Q4 25 | 19.8% | 1.3% | ||
| Q3 25 | 17.0% | 0.7% | ||
| Q2 25 | 12.0% | 0.8% | ||
| Q1 25 | 10.3% | 1.9% | ||
| Q4 24 | 8.5% | 1.1% | ||
| Q3 24 | 10.7% | 1.6% | ||
| Q2 24 | 5.4% | 2.2% | ||
| Q1 24 | 6.8% | 0.9% |
现金转化率EXPFWRD
| Q4 25 | 1.66× | — | ||
| Q3 25 | 1.49× | — | ||
| Q2 25 | 1.11× | — | ||
| Q1 25 | 0.94× | — | ||
| Q4 24 | 1.00× | — | ||
| Q3 24 | 1.63× | — | ||
| Q2 24 | 0.99× | — | ||
| Q1 24 | 0.82× | — |
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
EXP
| External Customers | $283.5M | 51% |
| Gypsum Wallboard | $175.9M | 32% |
| Recycled Paperboard | $47.8M | 9% |
| Corporate Joint Venture | $29.4M | 5% |
| Other | $11.8M | 2% |
| Western Pennsylvania Acquisition | $7.6M | 1% |
FWRD
| Omni Logistics Segment | $359.8M | 57% |
| Network | $183.9M | 29% |
| Intermodal Segment | $50.2M | 8% |
| Truckload | $41.6M | 7% |
