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FIVE BELOW, INC（FIVE）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
FIVE BELOW, INC的季度营收约是FORWARD AIR CORP的1.6倍（$1.0B vs $631.2M），FIVE BELOW, INC净利率更高（3.5% vs -4.5%，领先8.0%），FIVE BELOW, INC同比增速更快（23.1% vs -0.3%），过去两年FORWARD AIR CORP的营收复合增速更高（7.9% vs -11.9%）
Five Below是美国特色折扣礼品连锁品牌，2002年成立，总部位于宾夕法尼亚州费城，主要面向青少年消费群体，旗下绝大多数商品定价不超过5美元，另有少量精选商品最高定价40美元，目前在全美拥有超过1850家线下门店。
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。
FIVE vs FWRD — 直观对比
营收规模更大
FIVE
是对方的1.6倍
$631.2M
营收增速更快
FIVE
高出23.3%
-0.3%
净利率更高
FIVE
高出8.0%
-4.5%
两年增速更快
FWRD
近两年复合增速
-11.9%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $631.2M |
| 净利润 | $36.5M | $-28.3M |
| 毛利率 | 33.8% | — |
| 营业利润率 | 4.2% | -0.5% |
| 净利率 | 3.5% | -4.5% |
| 营收同比 | 23.1% | -0.3% |
| 净利润同比 | 2063.9% | 22.2% |
| 每股收益（稀释后） | $0.66 | $-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FIVEFWRD
| Q4 25 | $1.0B | $631.2M | ||
| Q3 25 | $1.0B | $631.8M | ||
| Q2 25 | $970.5M | $618.8M | ||
| Q1 25 | $1.4B | $613.3M | ||
| Q4 24 | $843.7M | $632.8M | ||
| Q3 24 | $830.1M | $655.9M | ||
| Q2 24 | $811.9M | $643.7M | ||
| Q1 24 | $1.3B | $541.8M |
净利润FIVEFWRD
| Q4 25 | $36.5M | $-28.3M | ||
| Q3 25 | $42.8M | $-16.3M | ||
| Q2 25 | $41.1M | $-12.6M | ||
| Q1 25 | $187.5M | $-50.6M | ||
| Q4 24 | $1.7M | $-36.4M | ||
| Q3 24 | $33.0M | $-73.4M | ||
| Q2 24 | $31.5M | $-645.4M | ||
| Q1 24 | $202.2M | $-61.7M |
毛利率FIVEFWRD
| Q4 25 | 33.8% | — | ||
| Q3 25 | 33.3% | — | ||
| Q2 25 | 33.4% | — | ||
| Q1 25 | 40.2% | — | ||
| Q4 24 | 30.6% | — | ||
| Q3 24 | 32.7% | — | ||
| Q2 24 | 32.5% | — | ||
| Q1 24 | 41.2% | — |
营业利润率FIVEFWRD
| Q4 25 | 4.2% | -0.5% | ||
| Q3 25 | 5.1% | 2.4% | ||
| Q2 25 | 5.2% | 3.2% | ||
| Q1 25 | 17.7% | 0.8% | ||
| Q4 24 | -0.1% | 12.0% | ||
| Q3 24 | 5.0% | 3.5% | ||
| Q2 24 | 4.5% | -170.2% | ||
| Q1 24 | 20.1% | -12.1% |
净利率FIVEFWRD
| Q4 25 | 3.5% | -4.5% | ||
| Q3 25 | 4.2% | -2.6% | ||
| Q2 25 | 4.2% | -2.0% | ||
| Q1 25 | 13.5% | -8.3% | ||
| Q4 24 | 0.2% | -5.8% | ||
| Q3 24 | 4.0% | -11.2% | ||
| Q2 24 | 3.9% | -100.3% | ||
| Q1 24 | 15.1% | -11.4% |
每股收益（稀释后）FIVEFWRD
| Q4 25 | $0.66 | $-0.90 | ||
| Q3 25 | $0.77 | $-0.52 | ||
| Q2 25 | $0.75 | $-0.41 | ||
| Q1 25 | $3.40 | $-1.68 | ||
| Q4 24 | $0.03 | $-1.69 | ||
| Q3 24 | $0.60 | $-2.66 | ||
| Q2 24 | $0.57 | $-23.47 | ||
| Q1 24 | $3.64 | $-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 | $524.5M | $106.0M |
| 总债务越低越好 | — | $1.7B |
| 股东权益账面价值 | $2.0B | $113.3M |
| 总资产 | $4.8B | $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FIVEFWRD
| Q4 25 | $524.5M | $106.0M | ||
| Q3 25 | $670.2M | $140.4M | ||
| Q2 25 | $624.0M | $95.1M | ||
| Q1 25 | $528.8M | $116.3M | ||
| Q4 24 | $216.6M | $104.9M | ||
| Q3 24 | $327.7M | $136.6M | ||
| Q2 24 | $369.6M | $84.9M | ||
| Q1 24 | $460.1M | $152.0M |
总债务FIVEFWRD
| Q4 25 | — | $1.7B | ||
| Q3 25 | — | $1.7B | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $1.7B |
股东权益FIVEFWRD
| Q4 25 | $2.0B | $113.3M | ||
| Q3 25 | $1.9B | $139.8M | ||
| Q2 25 | $1.9B | $151.8M | ||
| Q1 25 | $1.8B | $154.6M | ||
| Q4 24 | $1.6B | $201.7M | ||
| Q3 24 | $1.6B | $226.1M | ||
| Q2 24 | $1.6B | $283.8M | ||
| Q1 24 | $1.6B | $926.1M |
总资产FIVEFWRD
| Q4 25 | $4.8B | $2.7B | ||
| Q3 25 | $4.6B | $2.8B | ||
| Q2 25 | $4.5B | $2.8B | ||
| Q1 25 | $4.3B | $2.8B | ||
| Q4 24 | $4.2B | $2.8B | ||
| Q3 24 | $4.0B | $3.1B | ||
| Q2 24 | $3.9B | $3.1B | ||
| Q1 24 | $3.9B | $4.0B |
负债/权益比FIVEFWRD
| 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 | $-80.1M | — |
| 自由现金流经营现金流 - 资本支出 | $-133.2M | — |
| 自由现金流率自由现金流/营收 | -12.8% | — |
| 资本支出强度资本支出/营收 | 5.1% | 1.3% |
| 现金转化率经营现金流/净利润 | -2.19× | — |
| 过去12个月自由现金流最近4个季度 | $323.0M | — |
8季度趋势，按日历期对齐
经营现金流FIVEFWRD
| Q4 25 | $-80.1M | — | ||
| Q3 25 | $93.0M | $52.7M | ||
| Q2 25 | $132.7M | — | ||
| Q1 25 | $363.5M | $27.6M | ||
| Q4 24 | $-30.6M | $-23.2M | ||
| Q3 24 | $71.3M | $51.2M | ||
| Q2 24 | $26.4M | $-45.2M | ||
| Q1 24 | $407.7M | $-51.7M |
自由现金流FIVEFWRD
| Q4 25 | $-133.2M | — | ||
| Q3 25 | $48.3M | $48.6M | ||
| Q2 25 | $96.5M | — | ||
| Q1 25 | $311.4M | $15.7M | ||
| Q4 24 | $-111.0M | $-30.5M | ||
| Q3 24 | $-32.4M | $40.7M | ||
| Q2 24 | $-61.4M | $-59.6M | ||
| Q1 24 | $304.6M | $-56.7M |
自由现金流率FIVEFWRD
| Q4 25 | -12.8% | — | ||
| Q3 25 | 4.7% | 7.7% | ||
| Q2 25 | 9.9% | — | ||
| Q1 25 | 22.4% | 2.6% | ||
| Q4 24 | -13.2% | -4.8% | ||
| Q3 24 | -3.9% | 6.2% | ||
| Q2 24 | -7.6% | -9.3% | ||
| Q1 24 | 22.8% | -10.5% |
资本支出强度FIVEFWRD
| Q4 25 | 5.1% | 1.3% | ||
| Q3 25 | 4.4% | 0.7% | ||
| Q2 25 | 3.7% | 0.8% | ||
| Q1 25 | 3.7% | 1.9% | ||
| Q4 24 | 9.5% | 1.1% | ||
| Q3 24 | 12.5% | 1.6% | ||
| Q2 24 | 10.8% | 2.2% | ||
| Q1 24 | 7.7% | 0.9% |
现金转化率FIVEFWRD
| Q4 25 | -2.19× | — | ||
| Q3 25 | 2.17× | — | ||
| Q2 25 | 3.22× | — | ||
| Q1 25 | 1.94× | — | ||
| Q4 24 | -18.13× | — | ||
| Q3 24 | 2.16× | — | ||
| Q2 24 | 0.84× | — | ||
| Q1 24 | 2.02× | — |
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
FIVE
暂无分部数据
FWRD
| Omni Logistics Segment | $359.8M | 57% |
| Network | $183.9M | 29% |
| Intermodal Segment | $50.2M | 8% |
| Truckload | $41.6M | 7% |
