vs
Fair Isaac（FICO）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Fair Isaac的1.2倍（$631.2M vs $512.0M），Fair Isaac净利率更高（30.9% vs -4.5%，领先35.4%），Fair Isaac同比增速更快（16.4% vs -0.3%），过去两年Fair Isaac的营收复合增速更高（8.6% vs 7.9%）
FICO（原Fair, Isaac and Company）是美国知名数据分析企业，1956年由比尔·费尔与厄尔·艾萨克创立，总部位于蒙大拿州博兹曼市，核心业务为信用评分服务，其推出的FICO信用分是评估消费者信贷风险的重要指标，目前已被美国消费信贷行业广泛采用。
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。
FICO vs FWRD — 直观对比
营收规模更大
FWRD
是对方的1.2倍
$512.0M
营收增速更快
FICO
高出16.6%
-0.3%
净利率更高
FICO
高出35.4%
-4.5%
两年增速更快
FICO
近两年复合增速
7.9%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $512.0M | $631.2M |
| 净利润 | $158.4M | $-28.3M |
| 毛利率 | 83.0% | — |
| 营业利润率 | 45.7% | -0.5% |
| 净利率 | 30.9% | -4.5% |
| 营收同比 | 16.4% | -0.3% |
| 净利润同比 | 3.8% | 22.2% |
| 每股收益（稀释后） | $6.61 | $-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FICOFWRD
| Q4 25 | $512.0M | $631.2M | ||
| Q3 25 | $515.8M | $631.8M | ||
| Q2 25 | $536.4M | $618.8M | ||
| Q1 25 | $498.7M | $613.3M | ||
| Q4 24 | $440.0M | $632.8M | ||
| Q3 24 | $453.8M | $655.9M | ||
| Q2 24 | $447.8M | $643.7M | ||
| Q1 24 | $433.8M | $541.8M |
净利润FICOFWRD
| Q4 25 | $158.4M | $-28.3M | ||
| Q3 25 | $155.0M | $-16.3M | ||
| Q2 25 | $181.8M | $-12.6M | ||
| Q1 25 | $162.6M | $-50.6M | ||
| Q4 24 | $152.5M | $-36.4M | ||
| Q3 24 | $135.7M | $-73.4M | ||
| Q2 24 | $126.3M | $-645.4M | ||
| Q1 24 | $129.8M | $-61.7M |
毛利率FICOFWRD
| Q4 25 | 83.0% | — | ||
| Q3 25 | 82.3% | — | ||
| Q2 25 | 83.7% | — | ||
| Q1 25 | 82.4% | — | ||
| Q4 24 | 80.1% | — | ||
| Q3 24 | 80.3% | — | ||
| Q2 24 | 80.3% | — | ||
| Q1 24 | 80.0% | — |
营业利润率FICOFWRD
| Q4 25 | 45.7% | -0.5% | ||
| Q3 25 | 46.0% | 2.4% | ||
| Q2 25 | 48.9% | 3.2% | ||
| Q1 25 | 49.3% | 0.8% | ||
| Q4 24 | 40.8% | 12.0% | ||
| Q3 24 | 43.4% | 3.5% | ||
| Q2 24 | 42.5% | -170.2% | ||
| Q1 24 | 44.9% | -12.1% |
净利率FICOFWRD
| Q4 25 | 30.9% | -4.5% | ||
| Q3 25 | 30.1% | -2.6% | ||
| Q2 25 | 33.9% | -2.0% | ||
| Q1 25 | 32.6% | -8.3% | ||
| Q4 24 | 34.7% | -5.8% | ||
| Q3 24 | 29.9% | -11.2% | ||
| Q2 24 | 28.2% | -100.3% | ||
| Q1 24 | 29.9% | -11.4% |
每股收益（稀释后）FICOFWRD
| Q4 25 | $6.61 | $-0.90 | ||
| Q3 25 | $6.41 | $-0.52 | ||
| Q2 25 | $7.40 | $-0.41 | ||
| Q1 25 | $6.59 | $-1.68 | ||
| Q4 24 | $6.14 | $-1.69 | ||
| Q3 24 | $5.44 | $-2.66 | ||
| Q2 24 | $5.05 | $-23.47 | ||
| Q1 24 | $5.16 | $-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 | $162.0M | $106.0M |
| 总债务越低越好 | $3.2B | $1.7B |
| 股东权益账面价值 | $-1.8B | $113.3M |
| 总资产 | $1.9B | $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FICOFWRD
| Q4 25 | $162.0M | $106.0M | ||
| Q3 25 | $134.1M | $140.4M | ||
| Q2 25 | $189.0M | $95.1M | ||
| Q1 25 | $146.6M | $116.3M | ||
| Q4 24 | $184.3M | $104.9M | ||
| Q3 24 | $150.7M | $136.6M | ||
| Q2 24 | $156.0M | $84.9M | ||
| Q1 24 | $135.7M | $152.0M |
总债务FICOFWRD
| Q4 25 | $3.2B | $1.7B | ||
| Q3 25 | $3.1B | $1.7B | ||
| Q2 25 | $2.8B | — | ||
| Q1 25 | $2.5B | — | ||
| Q4 24 | $2.4B | — | ||
| Q3 24 | $2.2B | — | ||
| Q2 24 | $2.1B | — | ||
| Q1 24 | $2.0B | $1.7B |
股东权益FICOFWRD
| Q4 25 | $-1.8B | $113.3M | ||
| Q3 25 | $-1.7B | $139.8M | ||
| Q2 25 | $-1.4B | $151.8M | ||
| Q1 25 | $-1.1B | $154.6M | ||
| Q4 24 | $-1.1B | $201.7M | ||
| Q3 24 | $-962.7M | $226.1M | ||
| Q2 24 | $-829.3M | $283.8M | ||
| Q1 24 | $-735.7M | $926.1M |
总资产FICOFWRD
| Q4 25 | $1.9B | $2.7B | ||
| Q3 25 | $1.9B | $2.8B | ||
| Q2 25 | $1.9B | $2.8B | ||
| Q1 25 | $1.8B | $2.8B | ||
| Q4 24 | $1.7B | $2.8B | ||
| Q3 24 | $1.7B | $3.1B | ||
| Q2 24 | $1.7B | $3.1B | ||
| Q1 24 | $1.7B | $4.0B |
负债/权益比FICOFWRD
| Q4 25 | — | 14.89× | ||
| Q3 25 | — | 12.05× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| 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 | $174.1M | — |
| 自由现金流经营现金流 - 资本支出 | $173.9M | — |
| 自由现金流率自由现金流/营收 | 34.0% | — |
| 资本支出强度资本支出/营收 | 0.0% | 1.3% |
| 现金转化率经营现金流/净利润 | 1.10× | — |
| 过去12个月自由现金流最近4个季度 | $750.6M | — |
8季度趋势，按日历期对齐
经营现金流FICOFWRD
| Q4 25 | $174.1M | — | ||
| Q3 25 | $223.7M | $52.7M | ||
| Q2 25 | $286.2M | — | ||
| Q1 25 | $74.9M | $27.6M | ||
| Q4 24 | $194.0M | $-23.2M | ||
| Q3 24 | $226.5M | $51.2M | ||
| Q2 24 | $213.3M | $-45.2M | ||
| Q1 24 | $71.0M | $-51.7M |
自由现金流FICOFWRD
| Q4 25 | $173.9M | — | ||
| Q3 25 | $219.5M | $48.6M | ||
| Q2 25 | $284.4M | — | ||
| Q1 25 | $72.8M | $15.7M | ||
| Q4 24 | $193.2M | $-30.5M | ||
| Q3 24 | $224.7M | $40.7M | ||
| Q2 24 | $211.6M | $-59.6M | ||
| Q1 24 | $67.0M | $-56.7M |
自由现金流率FICOFWRD
| Q4 25 | 34.0% | — | ||
| Q3 25 | 42.6% | 7.7% | ||
| Q2 25 | 53.0% | — | ||
| Q1 25 | 14.6% | 2.6% | ||
| Q4 24 | 43.9% | -4.8% | ||
| Q3 24 | 49.5% | 6.2% | ||
| Q2 24 | 47.2% | -9.3% | ||
| Q1 24 | 15.4% | -10.5% |
资本支出强度FICOFWRD
| Q4 25 | 0.0% | 1.3% | ||
| Q3 25 | 0.8% | 0.7% | ||
| Q2 25 | 0.3% | 0.8% | ||
| Q1 25 | 0.4% | 1.9% | ||
| Q4 24 | 0.2% | 1.1% | ||
| Q3 24 | 0.4% | 1.6% | ||
| Q2 24 | 0.4% | 2.2% | ||
| Q1 24 | 0.9% | 0.9% |
现金转化率FICOFWRD
| Q4 25 | 1.10× | — | ||
| Q3 25 | 1.44× | — | ||
| Q2 25 | 1.57× | — | ||
| Q1 25 | 0.46× | — | ||
| Q4 24 | 1.27× | — | ||
| Q3 24 | 1.67× | — | ||
| Q2 24 | 1.69× | — | ||
| Q1 24 | 0.55× | — |
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
FICO
| Business To Business Scores | $248.6M | 49% |
| Saa S Products | $115.7M | 23% |
| Platform Software | $73.9M | 14% |
| Business To Consumer Scores | $55.9M | 11% |
| Technology Service | $19.2M | 4% |
FWRD
| Omni Logistics Segment | $359.8M | 57% |
| Network | $183.9M | 29% |
| Intermodal Segment | $50.2M | 8% |
| Truckload | $41.6M | 7% |
