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FORWARD AIR CORP（FWRD）与INTERPARFUMS INC（IPAR）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INTERPARFUMS INC的1.6倍（$631.2M vs $386.2M），INTERPARFUMS INC净利率更高（7.3% vs -4.5%，领先11.8%），INTERPARFUMS INC同比增速更快（6.8% vs -0.3%），过去两年INTERPARFUMS INC的营收复合增速更高（9.2% vs 7.9%）
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。
Inter Parfums Inc是全球知名的高端香水企业，开发、生产并销售多款授权香水、身体护理及相关美妆产品，与多家顶级奢侈时尚生活方式品牌合作推出联名香氛系列，产品覆盖全球主要市场，通过百货、美妆专营店及官方电商渠道触达消费者。
FWRD vs IPAR — 直观对比
营收规模更大
FWRD
是对方的1.6倍
$386.2M
营收增速更快
IPAR
高出7.1%
-0.3%
净利率更高
IPAR
高出11.8%
-4.5%
两年增速更快
IPAR
近两年复合增速
7.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $631.2M | $386.2M |
| 净利润 | $-28.3M | $28.1M |
| 毛利率 | — | 61.5% |
| 营业利润率 | -0.5% | 7.1% |
| 净利率 | -4.5% | 7.3% |
| 营收同比 | -0.3% | 6.8% |
| 净利润同比 | 22.2% | 16.0% |
| 每股收益（稀释后） | $-0.90 | $0.88 |
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FWRDIPAR
| Q4 25 | $631.2M | $386.2M | ||
| Q3 25 | $631.8M | $429.6M | ||
| Q2 25 | $618.8M | $333.9M | ||
| Q1 25 | $613.3M | $338.8M | ||
| Q4 24 | $632.8M | $361.5M | ||
| Q3 24 | $655.9M | $424.6M | ||
| Q2 24 | $643.7M | $342.2M | ||
| Q1 24 | $541.8M | $324.0M |
净利润FWRDIPAR
| Q4 25 | $-28.3M | $28.1M | ||
| Q3 25 | $-16.3M | $65.8M | ||
| Q2 25 | $-12.6M | $32.0M | ||
| Q1 25 | $-50.6M | $42.5M | ||
| Q4 24 | $-36.4M | $24.2M | ||
| Q3 24 | $-73.4M | $62.3M | ||
| Q2 24 | $-645.4M | $36.8M | ||
| Q1 24 | $-61.7M | $41.0M |
毛利率FWRDIPAR
| Q4 25 | — | 61.5% | ||
| Q3 25 | — | 63.5% | ||
| Q2 25 | — | 66.2% | ||
| Q1 25 | — | 63.7% | ||
| Q4 24 | — | 64.5% | ||
| Q3 24 | — | 63.9% | ||
| Q2 24 | — | 64.5% | ||
| Q1 24 | — | 62.5% |
营业利润率FWRDIPAR
| Q4 25 | -0.5% | 7.1% | ||
| Q3 25 | 2.4% | 25.3% | ||
| Q2 25 | 3.2% | 17.7% | ||
| Q1 25 | 0.8% | 22.2% | ||
| Q4 24 | 12.0% | 10.0% | ||
| Q3 24 | 3.5% | 25.0% | ||
| Q2 24 | -170.2% | 18.9% | ||
| Q1 24 | -12.1% | 21.0% |
净利率FWRDIPAR
| Q4 25 | -4.5% | 7.3% | ||
| Q3 25 | -2.6% | 15.3% | ||
| Q2 25 | -2.0% | 9.6% | ||
| Q1 25 | -8.3% | 12.5% | ||
| Q4 24 | -5.8% | 6.7% | ||
| Q3 24 | -11.2% | 14.7% | ||
| Q2 24 | -100.3% | 10.8% | ||
| Q1 24 | -11.4% | 12.7% |
每股收益（稀释后）FWRDIPAR
| Q4 25 | $-0.90 | $0.88 | ||
| Q3 25 | $-0.52 | $2.05 | ||
| Q2 25 | $-0.41 | $0.99 | ||
| Q1 25 | $-1.68 | $1.32 | ||
| Q4 24 | $-1.69 | $0.78 | ||
| Q3 24 | $-2.66 | $1.93 | ||
| Q2 24 | $-23.47 | $1.14 | ||
| Q1 24 | $-2.81 | $1.27 |
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 | $137.1M |
| 总债务越低越好 | $1.7B | $176.0M |
| 股东权益账面价值 | $113.3M | $880.7M |
| 总资产 | $2.7B | $1.6B |
| 负债/权益比越低杠杆越低 | 14.89× | 0.20× |
8季度趋势，按日历期对齐
现金及短期投资FWRDIPAR
| Q4 25 | $106.0M | $137.1M | ||
| Q3 25 | $140.4M | $77.5M | ||
| Q2 25 | $95.1M | $53.9M | ||
| Q1 25 | $116.3M | $75.3M | ||
| Q4 24 | $104.9M | $109.3M | ||
| Q3 24 | $136.6M | $78.8M | ||
| Q2 24 | $84.9M | $37.7M | ||
| Q1 24 | $152.0M | $76.1M |
总债务FWRDIPAR
| Q4 25 | $1.7B | $176.0M | ||
| Q3 25 | $1.7B | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $157.3M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $1.7B | — |
股东权益FWRDIPAR
| Q4 25 | $113.3M | $880.7M | ||
| Q3 25 | $139.8M | $870.9M | ||
| Q2 25 | $151.8M | $839.4M | ||
| Q1 25 | $154.6M | $788.6M | ||
| Q4 24 | $201.7M | $744.9M | ||
| Q3 24 | $226.1M | $778.5M | ||
| Q2 24 | $283.8M | $717.1M | ||
| Q1 24 | $926.1M | $708.1M |
总资产FWRDIPAR
| Q4 25 | $2.7B | $1.6B | ||
| Q3 25 | $2.8B | $1.6B | ||
| Q2 25 | $2.8B | $1.6B | ||
| Q1 25 | $2.8B | $1.4B | ||
| Q4 24 | $2.8B | $1.4B | ||
| Q3 24 | $3.1B | $1.5B | ||
| Q2 24 | $3.1B | $1.4B | ||
| Q1 24 | $4.0B | $1.3B |
负债/权益比FWRDIPAR
| Q4 25 | 14.89× | 0.20× | ||
| Q3 25 | 12.05× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.21× | ||
| 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 | — | $146.5M |
| 自由现金流经营现金流 - 资本支出 | — | $145.0M |
| 自由现金流率自由现金流/营收 | — | 37.5% |
| 资本支出强度资本支出/营收 | 1.3% | 0.4% |
| 现金转化率经营现金流/净利润 | — | 5.21× |
| 过去12个月自由现金流最近4个季度 | — | $190.5M |
8季度趋势，按日历期对齐
经营现金流FWRDIPAR
| Q4 25 | — | $146.5M | ||
| Q3 25 | $52.7M | $63.9M | ||
| Q2 25 | — | $11.9M | ||
| Q1 25 | $27.6M | $-7.4M | ||
| Q4 24 | $-23.2M | $138.0M | ||
| Q3 24 | $51.2M | $76.1M | ||
| Q2 24 | $-45.2M | $25.5M | ||
| Q1 24 | $-51.7M | $-52.0M |
自由现金流FWRDIPAR
| Q4 25 | — | $145.0M | ||
| Q3 25 | $48.6M | $57.6M | ||
| Q2 25 | — | $-3.3M | ||
| Q1 25 | $15.7M | $-8.8M | ||
| Q4 24 | $-30.5M | $136.1M | ||
| Q3 24 | $40.7M | $75.4M | ||
| Q2 24 | $-59.6M | $24.4M | ||
| Q1 24 | $-56.7M | $-53.0M |
自由现金流率FWRDIPAR
| Q4 25 | — | 37.5% | ||
| Q3 25 | 7.7% | 13.4% | ||
| Q2 25 | — | -1.0% | ||
| Q1 25 | 2.6% | -2.6% | ||
| Q4 24 | -4.8% | 37.7% | ||
| Q3 24 | 6.2% | 17.8% | ||
| Q2 24 | -9.3% | 7.1% | ||
| Q1 24 | -10.5% | -16.4% |
资本支出强度FWRDIPAR
| Q4 25 | 1.3% | 0.4% | ||
| Q3 25 | 0.7% | 1.5% | ||
| Q2 25 | 0.8% | 4.5% | ||
| Q1 25 | 1.9% | 0.4% | ||
| Q4 24 | 1.1% | 0.5% | ||
| Q3 24 | 1.6% | 0.2% | ||
| Q2 24 | 2.2% | 0.3% | ||
| Q1 24 | 0.9% | 0.3% |
现金转化率FWRDIPAR
| Q4 25 | — | 5.21× | ||
| Q3 25 | — | 0.97× | ||
| Q2 25 | — | 0.37× | ||
| Q1 25 | — | -0.17× | ||
| Q4 24 | — | 5.69× | ||
| Q3 24 | — | 1.22× | ||
| Q2 24 | — | 0.69× | ||
| Q1 24 | — | -1.27× |
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% |
IPAR
| European Based Operations | $232.7M | 60% |
| United States Based Operations | $155.2M | 40% |
