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FORWARD AIR CORP（FWRD）与IDACORP INC（IDA）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IDACORP INC的1.8倍（$631.2M vs $360.1M），IDACORP INC净利率更高（12.1% vs -4.5%，领先16.6%），FORWARD AIR CORP同比增速更快（-0.3% vs -4.2%），过去两年FORWARD AIR CORP的营收复合增速更高（7.9% vs -7.2%）
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。
IDACORP Inc是注册于美国爱达荷州、总部设在博伊西的电力控股企业，成立于1998年10月1日，旗下拥有爱达荷电力公司、IDACORP金融公司及Ida-West能源公司，业务覆盖电力供应、能源服务及相关配套金融服务领域。
FWRD vs IDA — 直观对比
营收规模更大
FWRD
是对方的1.8倍
$360.1M
营收增速更快
FWRD
高出3.9%
-4.2%
净利率更高
IDA
高出16.6%
-4.5%
两年增速更快
FWRD
近两年复合增速
-7.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $631.2M | $360.1M |
| 净利润 | $-28.3M | $43.6M |
| 毛利率 | — | — |
| 营业利润率 | -0.5% | 14.9% |
| 净利率 | -4.5% | 12.1% |
| 营收同比 | -0.3% | -4.2% |
| 净利润同比 | 22.2% | 15.1% |
| 每股收益（稀释后） | $-0.90 | $0.78 |
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FWRDIDA
| Q4 25 | $631.2M | $360.1M | ||
| Q3 25 | $631.8M | $526.4M | ||
| Q2 25 | $618.8M | $449.3M | ||
| Q1 25 | $613.3M | $411.1M | ||
| Q4 24 | $632.8M | $375.9M | ||
| Q3 24 | $655.9M | $532.5M | ||
| Q2 24 | $643.7M | $442.6M | ||
| Q1 24 | $541.8M | $417.9M |
净利润FWRDIDA
| Q4 25 | $-28.3M | $43.6M | ||
| Q3 25 | $-16.3M | $124.4M | ||
| Q2 25 | $-12.6M | $95.8M | ||
| Q1 25 | $-50.6M | $59.6M | ||
| Q4 24 | $-36.4M | $37.9M | ||
| Q3 24 | $-73.4M | $113.6M | ||
| Q2 24 | $-645.4M | $89.5M | ||
| Q1 24 | $-61.7M | $48.2M |
营业利润率FWRDIDA
| Q4 25 | -0.5% | 14.9% | ||
| Q3 25 | 2.4% | 27.5% | ||
| Q2 25 | 3.2% | 22.4% | ||
| Q1 25 | 0.8% | 13.4% | ||
| Q4 24 | 12.0% | 11.0% | ||
| Q3 24 | 3.5% | 25.1% | ||
| Q2 24 | -170.2% | 23.3% | ||
| Q1 24 | -12.1% | 11.9% |
净利率FWRDIDA
| Q4 25 | -4.5% | 12.1% | ||
| Q3 25 | -2.6% | 23.6% | ||
| Q2 25 | -2.0% | 21.3% | ||
| Q1 25 | -8.3% | 14.5% | ||
| Q4 24 | -5.8% | 10.1% | ||
| Q3 24 | -11.2% | 21.3% | ||
| Q2 24 | -100.3% | 20.2% | ||
| Q1 24 | -11.4% | 11.5% |
每股收益（稀释后）FWRDIDA
| Q4 25 | $-0.90 | $0.78 | ||
| Q3 25 | $-0.52 | $2.26 | ||
| Q2 25 | $-0.41 | $1.76 | ||
| Q1 25 | $-1.68 | $1.10 | ||
| Q4 24 | $-1.69 | $0.72 | ||
| Q3 24 | $-2.66 | $2.12 | ||
| Q2 24 | $-23.47 | $1.71 | ||
| Q1 24 | $-2.81 | $0.95 |
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 | $106.0M | $215.7M |
| 总债务越低越好 | $1.7B | $3.3B |
| 股东权益账面价值 | $113.3M | $3.6B |
| 总资产 | $2.7B | $10.2B |
| 负债/权益比越低杠杆越低 | 14.89× | 0.93× |
8季度趋势，按日历期对齐
现金及短期投资FWRDIDA
| Q4 25 | $106.0M | $215.7M | ||
| Q3 25 | $140.4M | $333.2M | ||
| Q2 25 | $95.1M | $474.5M | ||
| Q1 25 | $116.3M | $634.5M | ||
| Q4 24 | $104.9M | $368.9M | ||
| Q3 24 | $136.6M | $427.9M | ||
| Q2 24 | $84.9M | $169.6M | ||
| Q1 24 | $152.0M | $157.6M |
总债务FWRDIDA
| Q4 25 | $1.7B | $3.3B | ||
| Q3 25 | $1.7B | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $3.1B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $1.7B | — |
股东权益FWRDIDA
| Q4 25 | $113.3M | $3.6B | ||
| Q3 25 | $139.8M | $3.5B | ||
| Q2 25 | $151.8M | $3.4B | ||
| Q1 25 | $154.6M | $3.3B | ||
| Q4 24 | $201.7M | $3.3B | ||
| Q3 24 | $226.1M | $3.3B | ||
| Q2 24 | $283.8M | $3.2B | ||
| Q1 24 | $926.1M | $2.9B |
总资产FWRDIDA
| Q4 25 | $2.7B | $10.2B | ||
| Q3 25 | $2.8B | $10.1B | ||
| Q2 25 | $2.8B | $9.9B | ||
| Q1 25 | $2.8B | $9.6B | ||
| Q4 24 | $2.8B | $9.2B | ||
| Q3 24 | $3.1B | $9.1B | ||
| Q2 24 | $3.1B | $8.7B | ||
| Q1 24 | $4.0B | $8.3B |
负债/权益比FWRDIDA
| Q4 25 | 14.89× | 0.93× | ||
| Q3 25 | 12.05× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.92× | ||
| 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 | — | $137.8M |
| 自由现金流经营现金流 - 资本支出 | — | $-216.2M |
| 自由现金流率自由现金流/营收 | — | -60.0% |
| 资本支出强度资本支出/营收 | 1.3% | 98.3% |
| 现金转化率经营现金流/净利润 | — | 3.16× |
| 过去12个月自由现金流最近4个季度 | — | $-577.5M |
8季度趋势，按日历期对齐
经营现金流FWRDIDA
| Q4 25 | — | $137.8M | ||
| Q3 25 | $52.7M | $162.8M | ||
| Q2 25 | — | $176.9M | ||
| Q1 25 | $27.6M | $124.3M | ||
| Q4 24 | $-23.2M | $136.4M | ||
| Q3 24 | $51.2M | $201.9M | ||
| Q2 24 | $-45.2M | $146.4M | ||
| Q1 24 | $-51.7M | $109.7M |
自由现金流FWRDIDA
| Q4 25 | — | $-216.2M | ||
| Q3 25 | $48.6M | $-127.9M | ||
| Q2 25 | — | $-156.4M | ||
| Q1 25 | $15.7M | $-77.0M | ||
| Q4 24 | $-30.5M | $-48.9M | ||
| Q3 24 | $40.7M | $-16.1M | ||
| Q2 24 | $-59.6M | $-199.6M | ||
| Q1 24 | $-56.7M | $-150.3M |
自由现金流率FWRDIDA
| Q4 25 | — | -60.0% | ||
| Q3 25 | 7.7% | -24.3% | ||
| Q2 25 | — | -34.8% | ||
| Q1 25 | 2.6% | -18.7% | ||
| Q4 24 | -4.8% | -13.0% | ||
| Q3 24 | 6.2% | -3.0% | ||
| Q2 24 | -9.3% | -45.1% | ||
| Q1 24 | -10.5% | -36.0% |
资本支出强度FWRDIDA
| Q4 25 | 1.3% | 98.3% | ||
| Q3 25 | 0.7% | 55.2% | ||
| Q2 25 | 0.8% | 74.2% | ||
| Q1 25 | 1.9% | 49.0% | ||
| Q4 24 | 1.1% | 49.3% | ||
| Q3 24 | 1.6% | 41.0% | ||
| Q2 24 | 2.2% | 78.2% | ||
| Q1 24 | 0.9% | 62.2% |
现金转化率FWRDIDA
| Q4 25 | — | 3.16× | ||
| Q3 25 | — | 1.31× | ||
| Q2 25 | — | 1.85× | ||
| Q1 25 | — | 2.08× | ||
| Q4 24 | — | 3.60× | ||
| Q3 24 | — | 1.78× | ||
| Q2 24 | — | 1.63× | ||
| Q1 24 | — | 2.28× |
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
FWRD
| Omni Logistics Segment | $359.8M | 57% |
| Network | $183.9M | 29% |
| Intermodal Segment | $50.2M | 8% |
| Truckload | $41.6M | 7% |
IDA
| Retailrevenues | $323.0M | 90% |
| Transmissionserviceswheeling | $18.6M | 5% |
| Energyefficiencyprogramrevenues | $11.7M | 3% |
| Wholesaleenergysales | $10.5M | 3% |
| Otherrevenues | $9.5M | 3% |
