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FORWARD AIR CORP（FWRD）与KRONOS WORLDWIDE INC（KRO）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KRONOS WORLDWIDE INC的1.5倍（$631.2M vs $418.3M），FORWARD AIR CORP净利率更高（-4.5% vs -19.8%，领先15.3%），FORWARD AIR CORP同比增速更快（-0.3% vs -1.1%），过去两年FORWARD AIR CORP的营收复合增速更高（7.9% vs -6.5%）
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。
克罗诺斯全球（原克罗诺斯公司）是一家美国跨国企业，总部位于美国马萨诸塞州洛厄尔，专注于提供劳动力管理与人力资本管理云服务，在全球拥有超过6000名员工，是该领域知名的服务提供商。
FWRD vs KRO — 直观对比
营收规模更大
FWRD
是对方的1.5倍
$418.3M
营收增速更快
FWRD
高出0.9%
-1.1%
净利率更高
FWRD
高出15.3%
-19.8%
两年增速更快
FWRD
近两年复合增速
-6.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $631.2M | $418.3M |
| 净利润 | $-28.3M | $-82.8M |
| 毛利率 | — | -0.9% |
| 营业利润率 | -0.5% | -15.1% |
| 净利率 | -4.5% | -19.8% |
| 营收同比 | -0.3% | -1.1% |
| 净利润同比 | 22.2% | -527.3% |
| 每股收益（稀释后） | $-0.90 | $-0.72 |
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FWRDKRO
| Q4 25 | $631.2M | $418.3M | ||
| Q3 25 | $631.8M | $456.9M | ||
| Q2 25 | $618.8M | $494.4M | ||
| Q1 25 | $613.3M | $489.8M | ||
| Q4 24 | $632.8M | $423.1M | ||
| Q3 24 | $655.9M | $484.7M | ||
| Q2 24 | $643.7M | $500.5M | ||
| Q1 24 | $541.8M | $478.8M |
净利润FWRDKRO
| Q4 25 | $-28.3M | $-82.8M | ||
| Q3 25 | $-16.3M | $-37.0M | ||
| Q2 25 | $-12.6M | $-9.2M | ||
| Q1 25 | $-50.6M | $18.1M | ||
| Q4 24 | $-36.4M | $-13.2M | ||
| Q3 24 | $-73.4M | $71.8M | ||
| Q2 24 | $-645.4M | $19.5M | ||
| Q1 24 | $-61.7M | $8.1M |
毛利率FWRDKRO
| Q4 25 | — | -0.9% | ||
| Q3 25 | — | 10.3% | ||
| Q2 25 | — | 12.7% | ||
| Q1 25 | — | 21.8% | ||
| Q4 24 | — | 20.4% | ||
| Q3 24 | — | 20.9% | ||
| Q2 24 | — | 20.0% | ||
| Q1 24 | — | 14.9% |
营业利润率FWRDKRO
| Q4 25 | -0.5% | -15.1% | ||
| Q3 25 | 2.4% | -4.2% | ||
| Q2 25 | 3.2% | 1.5% | ||
| Q1 25 | 0.8% | 7.8% | ||
| Q4 24 | 12.0% | 6.8% | ||
| Q3 24 | 3.5% | 8.0% | ||
| Q2 24 | -170.2% | 7.2% | ||
| Q1 24 | -12.1% | 4.1% |
净利率FWRDKRO
| Q4 25 | -4.5% | -19.8% | ||
| Q3 25 | -2.6% | -8.1% | ||
| Q2 25 | -2.0% | -1.9% | ||
| Q1 25 | -8.3% | 3.7% | ||
| Q4 24 | -5.8% | -3.1% | ||
| Q3 24 | -11.2% | 14.8% | ||
| Q2 24 | -100.3% | 3.9% | ||
| Q1 24 | -11.4% | 1.7% |
每股收益（稀释后）FWRDKRO
| Q4 25 | $-0.90 | $-0.72 | ||
| Q3 25 | $-0.52 | $-0.32 | ||
| Q2 25 | $-0.41 | $-0.08 | ||
| Q1 25 | $-1.68 | $0.16 | ||
| Q4 24 | $-1.69 | $-0.11 | ||
| Q3 24 | $-2.66 | $0.62 | ||
| Q2 24 | $-23.47 | $0.17 | ||
| Q1 24 | $-2.81 | $0.07 |
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 | $33.2M |
| 总债务越低越好 | $1.7B | $557.4M |
| 股东权益账面价值 | $113.3M | $751.1M |
| 总资产 | $2.7B | $1.8B |
| 负债/权益比越低杠杆越低 | 14.89× | 0.74× |
8季度趋势，按日历期对齐
现金及短期投资FWRDKRO
| Q4 25 | $106.0M | $33.2M | ||
| Q3 25 | $140.4M | $27.7M | ||
| Q2 25 | $95.1M | $18.9M | ||
| Q1 25 | $116.3M | $20.5M | ||
| Q4 24 | $104.9M | $106.7M | ||
| Q3 24 | $136.6M | $94.8M | ||
| Q2 24 | $84.9M | $133.8M | ||
| Q1 24 | $152.0M | $120.7M |
总债务FWRDKRO
| Q4 25 | $1.7B | $557.4M | ||
| Q3 25 | $1.7B | $626.2M | ||
| Q2 25 | — | $589.3M | ||
| Q1 25 | — | $557.2M | ||
| Q4 24 | — | $507.4M | ||
| Q3 24 | — | $554.3M | ||
| Q2 24 | — | $423.7M | ||
| Q1 24 | $1.7B | $426.9M |
股东权益FWRDKRO
| Q4 25 | $113.3M | $751.1M | ||
| Q3 25 | $139.8M | $804.7M | ||
| Q2 25 | $151.8M | $846.8M | ||
| Q1 25 | $154.6M | $847.0M | ||
| Q4 24 | $201.7M | $817.0M | ||
| Q3 24 | $226.1M | $847.4M | ||
| Q2 24 | $283.8M | $774.6M | ||
| Q1 24 | $926.1M | $774.4M |
总资产FWRDKRO
| Q4 25 | $2.7B | $1.8B | ||
| Q3 25 | $2.8B | $1.9B | ||
| Q2 25 | $2.8B | $1.9B | ||
| Q1 25 | $2.8B | $1.9B | ||
| Q4 24 | $2.8B | $1.9B | ||
| Q3 24 | $3.1B | $1.9B | ||
| Q2 24 | $3.1B | $1.7B | ||
| Q1 24 | $4.0B | $1.7B |
负债/权益比FWRDKRO
| Q4 25 | 14.89× | 0.74× | ||
| Q3 25 | 12.05× | 0.78× | ||
| Q2 25 | — | 0.70× | ||
| Q1 25 | — | 0.66× | ||
| Q4 24 | — | 0.62× | ||
| Q3 24 | — | 0.65× | ||
| Q2 24 | — | 0.55× | ||
| Q1 24 | 1.81× | 0.55× |
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 | — | $92.1M |
| 自由现金流经营现金流 - 资本支出 | — | $81.9M |
| 自由现金流率自由现金流/营收 | — | 19.6% |
| 资本支出强度资本支出/营收 | 1.3% | 2.4% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | — | $-40.4M |
8季度趋势，按日历期对齐
经营现金流FWRDKRO
| Q4 25 | — | $92.1M | ||
| Q3 25 | $52.7M | $-7.9M | ||
| Q2 25 | — | $20.7M | ||
| Q1 25 | $27.6M | $-102.4M | ||
| Q4 24 | $-23.2M | $49.3M | ||
| Q3 24 | $51.2M | $28.3M | ||
| Q2 24 | $-45.2M | $38.2M | ||
| Q1 24 | $-51.7M | $-43.3M |
自由现金流FWRDKRO
| Q4 25 | — | $81.9M | ||
| Q3 25 | $48.6M | $-17.4M | ||
| Q2 25 | — | $9.5M | ||
| Q1 25 | $15.7M | $-114.4M | ||
| Q4 24 | $-30.5M | $37.0M | ||
| Q3 24 | $40.7M | $19.2M | ||
| Q2 24 | $-59.6M | $34.8M | ||
| Q1 24 | $-56.7M | $-48.0M |
自由现金流率FWRDKRO
| Q4 25 | — | 19.6% | ||
| Q3 25 | 7.7% | -3.8% | ||
| Q2 25 | — | 1.9% | ||
| Q1 25 | 2.6% | -23.4% | ||
| Q4 24 | -4.8% | 8.7% | ||
| Q3 24 | 6.2% | 4.0% | ||
| Q2 24 | -9.3% | 7.0% | ||
| Q1 24 | -10.5% | -10.0% |
资本支出强度FWRDKRO
| Q4 25 | 1.3% | 2.4% | ||
| Q3 25 | 0.7% | 2.1% | ||
| Q2 25 | 0.8% | 2.3% | ||
| Q1 25 | 1.9% | 2.4% | ||
| Q4 24 | 1.1% | 2.9% | ||
| Q3 24 | 1.6% | 1.9% | ||
| Q2 24 | 2.2% | 0.7% | ||
| Q1 24 | 0.9% | 1.0% |
现金转化率FWRDKRO
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -5.66× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.39× | ||
| Q2 24 | — | 1.96× | ||
| Q1 24 | — | -5.35× |
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% |
KRO
暂无分部数据
