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FORWARD AIR CORP（FWRD）与J&J SNACK FOODS CORP（JJSF）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J&J SNACK FOODS CORP的1.8倍（$631.2M vs $343.8M），J&J SNACK FOODS CORP净利率更高（0.3% vs -4.5%，领先4.7%），FORWARD AIR CORP同比增速更快（-0.3% vs -5.2%），过去两年FORWARD AIR CORP的营收复合增速更高（7.9% vs -2.2%）
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。
强生休闲食品公司（J&J Snack Foods Corp.）是美国知名的品牌休闲食品与冷冻饮品生产商、营销商及分销商，总部位于新泽西州芒特劳雷尔，在全美44个州、墨西哥及加拿大设有超175个生产、仓储及配送设施，于纳斯达克全球精选市场上市，业务覆盖国内外市场。
FWRD vs JJSF — 直观对比
营收规模更大
FWRD
是对方的1.8倍
$343.8M
营收增速更快
FWRD
高出4.9%
-5.2%
净利率更高
JJSF
高出4.7%
-4.5%
两年增速更快
FWRD
近两年复合增速
-2.2%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $631.2M | $343.8M |
| 净利润 | $-28.3M | $883.0K |
| 毛利率 | — | 27.9% |
| 营业利润率 | -0.5% | 0.2% |
| 净利率 | -4.5% | 0.3% |
| 营收同比 | -0.3% | -5.2% |
| 净利润同比 | 22.2% | -82.8% |
| 每股收益（稀释后） | $-0.90 | $0.05 |
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FWRDJJSF
| Q4 25 | $631.2M | $343.8M | ||
| Q3 25 | $631.8M | $410.2M | ||
| Q2 25 | $618.8M | $454.3M | ||
| Q1 25 | $613.3M | $356.1M | ||
| Q4 24 | $632.8M | $362.6M | ||
| Q3 24 | $655.9M | $426.8M | ||
| Q2 24 | $643.7M | $440.0M | ||
| Q1 24 | $541.8M | $359.7M |
净利润FWRDJJSF
| Q4 25 | $-28.3M | $883.0K | ||
| Q3 25 | $-16.3M | $11.4M | ||
| Q2 25 | $-12.6M | $44.2M | ||
| Q1 25 | $-50.6M | $4.8M | ||
| Q4 24 | $-36.4M | $5.1M | ||
| Q3 24 | $-73.4M | $29.6M | ||
| Q2 24 | $-645.4M | $36.3M | ||
| Q1 24 | $-61.7M | $13.3M |
毛利率FWRDJJSF
| Q4 25 | — | 27.9% | ||
| Q3 25 | — | 31.7% | ||
| Q2 25 | — | 33.0% | ||
| Q1 25 | — | 26.9% | ||
| Q4 24 | — | 25.9% | ||
| Q3 24 | — | 31.8% | ||
| Q2 24 | — | 33.6% | ||
| Q1 24 | — | 30.1% |
营业利润率FWRDJJSF
| Q4 25 | -0.5% | 0.2% | ||
| Q3 25 | 2.4% | 2.8% | ||
| Q2 25 | 3.2% | 13.3% | ||
| Q1 25 | 0.8% | 1.7% | ||
| Q4 24 | 12.0% | 1.7% | ||
| Q3 24 | 3.5% | 9.3% | ||
| Q2 24 | -170.2% | 11.4% | ||
| Q1 24 | -12.1% | 5.0% |
净利率FWRDJJSF
| Q4 25 | -4.5% | 0.3% | ||
| Q3 25 | -2.6% | 2.8% | ||
| Q2 25 | -2.0% | 9.7% | ||
| Q1 25 | -8.3% | 1.4% | ||
| Q4 24 | -5.8% | 1.4% | ||
| Q3 24 | -11.2% | 6.9% | ||
| Q2 24 | -100.3% | 8.3% | ||
| Q1 24 | -11.4% | 3.7% |
每股收益（稀释后）FWRDJJSF
| Q4 25 | $-0.90 | $0.05 | ||
| Q3 25 | $-0.52 | $0.59 | ||
| Q2 25 | $-0.41 | $2.26 | ||
| Q1 25 | $-1.68 | $0.25 | ||
| Q4 24 | $-1.69 | $0.26 | ||
| Q3 24 | $-2.66 | $1.52 | ||
| Q2 24 | $-23.47 | $1.87 | ||
| Q1 24 | $-2.81 | $0.69 |
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 | $66.8M |
| 总债务越低越好 | $1.7B | — |
| 股东权益账面价值 | $113.3M | $912.9M |
| 总资产 | $2.7B | $1.3B |
| 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FWRDJJSF
| Q4 25 | $106.0M | $66.8M | ||
| Q3 25 | $140.4M | $105.9M | ||
| Q2 25 | $95.1M | $77.4M | ||
| Q1 25 | $116.3M | $48.5M | ||
| Q4 24 | $104.9M | $73.6M | ||
| Q3 24 | $136.6M | $73.4M | ||
| Q2 24 | $84.9M | $64.0M | ||
| Q1 24 | $152.0M | $43.6M |
总债务FWRDJJSF
| 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FWRDJJSF
| Q4 25 | $113.3M | $912.9M | ||
| Q3 25 | $139.8M | $966.7M | ||
| Q2 25 | $151.8M | $969.9M | ||
| Q1 25 | $154.6M | $935.0M | ||
| Q4 24 | $201.7M | $946.8M | ||
| Q3 24 | $226.1M | $957.0M | ||
| Q2 24 | $283.8M | $937.9M | ||
| Q1 24 | $926.1M | $915.7M |
总资产FWRDJJSF
| Q4 25 | $2.7B | $1.3B | ||
| Q3 25 | $2.8B | $1.4B | ||
| Q2 25 | $2.8B | $1.4B | ||
| Q1 25 | $2.8B | $1.4B | ||
| Q4 24 | $2.8B | $1.3B | ||
| Q3 24 | $3.1B | $1.4B | ||
| Q2 24 | $3.1B | $1.4B | ||
| Q1 24 | $4.0B | $1.3B |
负债/权益比FWRDJJSF
| 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 | — | $36.0M |
| 自由现金流经营现金流 - 资本支出 | — | $17.0M |
| 自由现金流率自由现金流/营收 | — | 4.9% |
| 资本支出强度资本支出/营收 | 1.3% | 5.5% |
| 现金转化率经营现金流/净利润 | — | 40.73× |
| 过去12个月自由现金流最近4个季度 | — | $83.1M |
8季度趋势，按日历期对齐
经营现金流FWRDJJSF
| Q4 25 | — | $36.0M | ||
| Q3 25 | $52.7M | $66.4M | ||
| Q2 25 | — | $51.2M | ||
| Q1 25 | $27.6M | $12.3M | ||
| Q4 24 | $-23.2M | $35.2M | ||
| Q3 24 | $51.2M | $46.3M | ||
| Q2 24 | $-45.2M | $65.0M | ||
| Q1 24 | $-51.7M | $12.7M |
自由现金流FWRDJJSF
| Q4 25 | — | $17.0M | ||
| Q3 25 | $48.6M | $44.8M | ||
| Q2 25 | — | $28.5M | ||
| Q1 25 | $15.7M | $-7.2M | ||
| Q4 24 | $-30.5M | $16.1M | ||
| Q3 24 | $40.7M | $29.1M | ||
| Q2 24 | $-59.6M | $45.3M | ||
| Q1 24 | $-56.7M | $-4.0M |
自由现金流率FWRDJJSF
| Q4 25 | — | 4.9% | ||
| Q3 25 | 7.7% | 10.9% | ||
| Q2 25 | — | 6.3% | ||
| Q1 25 | 2.6% | -2.0% | ||
| Q4 24 | -4.8% | 4.4% | ||
| Q3 24 | 6.2% | 6.8% | ||
| Q2 24 | -9.3% | 10.3% | ||
| Q1 24 | -10.5% | -1.1% |
资本支出强度FWRDJJSF
| Q4 25 | 1.3% | 5.5% | ||
| Q3 25 | 0.7% | 5.3% | ||
| Q2 25 | 0.8% | 5.0% | ||
| Q1 25 | 1.9% | 5.5% | ||
| Q4 24 | 1.1% | 5.3% | ||
| Q3 24 | 1.6% | 4.0% | ||
| Q2 24 | 2.2% | 4.5% | ||
| Q1 24 | 0.9% | 4.6% |
现金转化率FWRDJJSF
| Q4 25 | — | 40.73× | ||
| Q3 25 | — | 5.84× | ||
| Q2 25 | — | 1.16× | ||
| Q1 25 | — | 2.55× | ||
| Q4 24 | — | 6.84× | ||
| Q3 24 | — | 1.56× | ||
| Q2 24 | — | 1.79× | ||
| Q1 24 | — | 0.96× |
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% |
JJSF
| Food Service | $219.2M | 64% |
| Frozen Beverages | $78.7M | 23% |
| Repair And Maintenance Service | $22.5M | 7% |
| Other | $12.7M | 4% |
| Machine Sales | $10.7M | 3% |
