vs
FORWARD AIR CORP（FWRD）与Liberty Global Ltd.（LBTYA）财务数据对比。点击上方公司名可切换其他公司
Liberty Global Ltd.的季度营收约是FORWARD AIR CORP的2.0倍（$1.2B vs $631.2M），FORWARD AIR CORP净利率更高（-4.5% vs -237.0%，领先232.5%），Liberty Global Ltd.同比增速更快（187.2% vs -0.3%），过去两年FORWARD AIR CORP的营收复合增速更高（7.9% vs -20.4%）
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。
自由全球有限公司是一家英荷美合资的跨国电信企业，注册地位于百慕大，在伦敦、阿姆斯特丹和丹佛均设有总部。公司旗下拥有英国自由全球控股有限公司、荷兰自由全球有限公司及美国自由全球公司三大主体，其中英国主体为上市实体。企业由自由媒体国际业务部与UnitedGlobalCom于2005年合并成立，在全球电信服务领域拥有深厚的行业积累。
FWRD vs LBTYA — 直观对比
营收规模更大
LBTYA
是对方的2.0倍
$631.2M
营收增速更快
LBTYA
高出187.4%
-0.3%
净利率更高
FWRD
高出232.5%
-237.0%
两年增速更快
FWRD
近两年复合增速
-20.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $631.2M | $1.2B |
| 净利润 | $-28.3M | $-2.9B |
| 毛利率 | — | 66.8% |
| 营业利润率 | -0.5% | -8.6% |
| 净利率 | -4.5% | -237.0% |
| 营收同比 | -0.3% | 187.2% |
| 净利润同比 | 22.2% | -230.0% |
| 每股收益（稀释后） | $-0.90 | $-8.66 |
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FWRDLBTYA
| Q4 25 | $631.2M | $1.2B | ||
| Q3 25 | $631.8M | $1.2B | ||
| Q2 25 | $618.8M | $1.3B | ||
| Q1 25 | $613.3M | $1.2B | ||
| Q4 24 | $632.8M | $-1.4B | ||
| Q3 24 | $655.9M | $1.9B | ||
| Q2 24 | $643.7M | $1.9B | ||
| Q1 24 | $541.8M | $1.9B |
净利润FWRDLBTYA
| Q4 25 | $-28.3M | $-2.9B | ||
| Q3 25 | $-16.3M | $-90.7M | ||
| Q2 25 | $-12.6M | $-2.8B | ||
| Q1 25 | $-50.6M | $-1.3B | ||
| Q4 24 | $-36.4M | $2.2B | ||
| Q3 24 | $-73.4M | $-1.4B | ||
| Q2 24 | $-645.4M | $268.1M | ||
| Q1 24 | $-61.7M | $510.0M |
毛利率FWRDLBTYA
| Q4 25 | — | 66.8% | ||
| Q3 25 | — | 67.5% | ||
| Q2 25 | — | 63.3% | ||
| Q1 25 | — | 65.6% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 69.4% | ||
| Q2 24 | — | 68.5% | ||
| Q1 24 | — | 65.4% |
营业利润率FWRDLBTYA
| Q4 25 | -0.5% | -8.6% | ||
| Q3 25 | 2.4% | -0.7% | ||
| Q2 25 | 3.2% | 2.3% | ||
| Q1 25 | 0.8% | 5.2% | ||
| Q4 24 | 12.0% | — | ||
| Q3 24 | 3.5% | 5.2% | ||
| Q2 24 | -170.2% | 1.0% | ||
| Q1 24 | -12.1% | 1.2% |
净利率FWRDLBTYA
| Q4 25 | -4.5% | -237.0% | ||
| Q3 25 | -2.6% | -7.5% | ||
| Q2 25 | -2.0% | -220.1% | ||
| Q1 25 | -8.3% | -114.2% | ||
| Q4 24 | -5.8% | -158.9% | ||
| Q3 24 | -11.2% | -74.1% | ||
| Q2 24 | -100.3% | 14.3% | ||
| Q1 24 | -11.4% | 26.2% |
每股收益（稀释后）FWRDLBTYA
| Q4 25 | $-0.90 | $-8.66 | ||
| Q3 25 | $-0.52 | $-0.27 | ||
| Q2 25 | $-0.41 | $-8.09 | ||
| Q1 25 | $-1.68 | $-3.84 | ||
| Q4 24 | $-1.69 | $6.15 | ||
| Q3 24 | $-2.66 | $-3.95 | ||
| Q2 24 | $-23.47 | $0.71 | ||
| Q1 24 | $-2.81 | $1.32 |
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 | $2.2B |
| 总债务越低越好 | $1.7B | $7.8B |
| 股东权益账面价值 | $113.3M | $9.7B |
| 总资产 | $2.7B | $22.6B |
| 负债/权益比越低杠杆越低 | 14.89× | 0.80× |
8季度趋势，按日历期对齐
现金及短期投资FWRDLBTYA
| Q4 25 | $106.0M | $2.2B | ||
| Q3 25 | $140.4M | $1.7B | ||
| Q2 25 | $95.1M | $3.1B | ||
| Q1 25 | $116.3M | $2.0B | ||
| Q4 24 | $104.9M | $2.2B | ||
| Q3 24 | $136.6M | $3.3B | ||
| Q2 24 | $84.9M | $3.2B | ||
| Q1 24 | $152.0M | $2.8B |
总债务FWRDLBTYA
| Q4 25 | $1.7B | $7.8B | ||
| Q3 25 | $1.7B | $7.8B | ||
| Q2 25 | — | $7.8B | ||
| Q1 25 | — | $8.2B | ||
| Q4 24 | — | $8.2B | ||
| Q3 24 | — | $14.9B | ||
| Q2 24 | — | $14.7B | ||
| Q1 24 | $1.7B | $14.8B |
股东权益FWRDLBTYA
| Q4 25 | $113.3M | $9.7B | ||
| Q3 25 | $139.8M | $12.7B | ||
| Q2 25 | $151.8M | $13.0B | ||
| Q1 25 | $154.6M | $12.6B | ||
| Q4 24 | $201.7M | $12.4B | ||
| Q3 24 | $226.1M | $18.7B | ||
| Q2 24 | $283.8M | $18.3B | ||
| Q1 24 | $926.1M | $18.4B |
总资产FWRDLBTYA
| Q4 25 | $2.7B | $22.6B | ||
| Q3 25 | $2.8B | $25.4B | ||
| Q2 25 | $2.8B | $27.2B | ||
| Q1 25 | $2.8B | $26.0B | ||
| Q4 24 | $2.8B | $25.4B | ||
| Q3 24 | $3.1B | $41.8B | ||
| Q2 24 | $3.1B | $40.8B | ||
| Q1 24 | $4.0B | $40.6B |
负债/权益比FWRDLBTYA
| Q4 25 | 14.89× | 0.80× | ||
| Q3 25 | 12.05× | 0.61× | ||
| Q2 25 | — | 0.60× | ||
| Q1 25 | — | 0.65× | ||
| Q4 24 | — | 0.66× | ||
| Q3 24 | — | 0.80× | ||
| Q2 24 | — | 0.80× | ||
| Q1 24 | 1.81× | 0.80× |
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 | — | $630.9M |
| 自由现金流经营现金流 - 资本支出 | — | $193.3M |
| 自由现金流率自由现金流/营收 | — | 15.7% |
| 资本支出强度资本支出/营收 | 1.3% | 35.5% |
| 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 | — | $-132.0M |
8季度趋势，按日历期对齐
经营现金流FWRDLBTYA
| Q4 25 | — | $630.9M | ||
| Q3 25 | $52.7M | $301.8M | ||
| Q2 25 | — | $149.2M | ||
| Q1 25 | $27.6M | $129.2M | ||
| Q4 24 | $-23.2M | $791.6M | ||
| Q3 24 | $51.2M | $449.5M | ||
| Q2 24 | $-45.2M | $546.1M | ||
| Q1 24 | $-51.7M | $245.7M |
自由现金流FWRDLBTYA
| Q4 25 | — | $193.3M | ||
| Q3 25 | $48.6M | $-41.1M | ||
| Q2 25 | — | $-170.1M | ||
| Q1 25 | $15.7M | $-114.1M | ||
| Q4 24 | $-30.5M | $712.9M | ||
| Q3 24 | $40.7M | $102.4M | ||
| Q2 24 | $-59.6M | $256.8M | ||
| Q1 24 | $-56.7M | $-105.1M |
自由现金流率FWRDLBTYA
| Q4 25 | — | 15.7% | ||
| Q3 25 | 7.7% | -3.4% | ||
| Q2 25 | — | -13.4% | ||
| Q1 25 | 2.6% | -9.7% | ||
| Q4 24 | -4.8% | -50.5% | ||
| Q3 24 | 6.2% | 5.3% | ||
| Q2 24 | -9.3% | 13.7% | ||
| Q1 24 | -10.5% | -5.4% |
资本支出强度FWRDLBTYA
| Q4 25 | 1.3% | 35.5% | ||
| Q3 25 | 0.7% | 28.4% | ||
| Q2 25 | 0.8% | 25.2% | ||
| Q1 25 | 1.9% | 20.8% | ||
| Q4 24 | 1.1% | -5.6% | ||
| Q3 24 | 1.6% | 17.9% | ||
| Q2 24 | 2.2% | 15.4% | ||
| Q1 24 | 0.9% | 18.0% |
现金转化率FWRDLBTYA
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.35× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 2.04× | ||
| Q1 24 | — | 0.48× |
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% |
LBTYA
暂无分部数据
