vs
FORWARD AIR CORP（FWRD）与LOUISIANA-PACIFIC CORP（LPX）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LOUISIANA-PACIFIC CORP的1.1倍（$631.2M vs $566.0M），LOUISIANA-PACIFIC CORP净利率更高（-1.4% vs -4.5%，领先3.1%），FORWARD AIR CORP同比增速更快（-0.3% vs -16.9%），过去两年FORWARD AIR CORP的营收复合增速更高（7.9% vs -11.6%）
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。
路易斯安那-太平洋公司（简称LP）是美国知名建材制造商，成立于1973年，是美国定向结构刨花板（OSB）生产的开创者，总部现位于田纳西州纳什维尔。作为全球最大的OSB生产商，公司还生产工程木建材产品，通过建材分销商、经销商及家居零售中心向建筑商和业主供货。
FWRD vs LPX — 直观对比
营收规模更大
FWRD
是对方的1.1倍
$566.0M
营收增速更快
FWRD
高出16.6%
-16.9%
净利率更高
LPX
高出3.1%
-4.5%
两年增速更快
FWRD
近两年复合增速
-11.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $631.2M | $566.0M |
| 净利润 | $-28.3M | $-8.0M |
| 毛利率 | — | 15.0% |
| 营业利润率 | -0.5% | -1.6% |
| 净利率 | -4.5% | -1.4% |
| 营收同比 | -0.3% | -16.9% |
| 净利润同比 | 22.2% | -112.9% |
| 每股收益（稀释后） | $-0.90 | $-0.12 |
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FWRDLPX
| Q4 25 | $631.2M | $566.0M | ||
| Q3 25 | $631.8M | $663.0M | ||
| Q2 25 | $618.8M | $755.0M | ||
| Q1 25 | $613.3M | $724.0M | ||
| Q4 24 | $632.8M | $681.0M | ||
| Q3 24 | $655.9M | $722.0M | ||
| Q2 24 | $643.7M | $814.0M | ||
| Q1 24 | $541.8M | $724.0M |
净利润FWRDLPX
| Q4 25 | $-28.3M | $-8.0M | ||
| Q3 25 | $-16.3M | $9.0M | ||
| Q2 25 | $-12.6M | $54.0M | ||
| Q1 25 | $-50.6M | $91.0M | ||
| Q4 24 | $-36.4M | $62.0M | ||
| Q3 24 | $-73.4M | $90.0M | ||
| Q2 24 | $-645.4M | $160.0M | ||
| Q1 24 | $-61.7M | $108.0M |
毛利率FWRDLPX
| Q4 25 | — | 15.0% | ||
| Q3 25 | — | 19.5% | ||
| Q2 25 | — | 23.6% | ||
| Q1 25 | — | 27.2% | ||
| Q4 24 | — | 23.8% | ||
| Q3 24 | — | 26.7% | ||
| Q2 24 | — | 32.3% | ||
| Q1 24 | — | 29.6% |
营业利润率FWRDLPX
| Q4 25 | -0.5% | -1.6% | ||
| Q3 25 | 2.4% | 2.7% | ||
| Q2 25 | 3.2% | 10.6% | ||
| Q1 25 | 0.8% | 16.6% | ||
| Q4 24 | 12.0% | 11.0% | ||
| Q3 24 | 3.5% | 16.1% | ||
| Q2 24 | -170.2% | 23.8% | ||
| Q1 24 | -12.1% | 20.0% |
净利率FWRDLPX
| Q4 25 | -4.5% | -1.4% | ||
| Q3 25 | -2.6% | 1.4% | ||
| Q2 25 | -2.0% | 7.2% | ||
| Q1 25 | -8.3% | 12.6% | ||
| Q4 24 | -5.8% | 9.1% | ||
| Q3 24 | -11.2% | 12.5% | ||
| Q2 24 | -100.3% | 19.7% | ||
| Q1 24 | -11.4% | 14.9% |
每股收益（稀释后）FWRDLPX
| Q4 25 | $-0.90 | $-0.12 | ||
| Q3 25 | $-0.52 | $0.13 | ||
| Q2 25 | $-0.41 | $0.77 | ||
| Q1 25 | $-1.68 | $1.30 | ||
| Q4 24 | $-1.69 | $0.90 | ||
| Q3 24 | $-2.66 | $1.28 | ||
| Q2 24 | $-23.47 | $2.23 | ||
| Q1 24 | $-2.81 | $1.48 |
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 | $292.0M |
| 总债务越低越好 | $1.7B | $348.0M |
| 股东权益账面价值 | $113.3M | $1.7B |
| 总资产 | $2.7B | $2.6B |
| 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FWRDLPX
| Q4 25 | $106.0M | $292.0M | ||
| Q3 25 | $140.4M | $316.0M | ||
| Q2 25 | $95.1M | $333.0M | ||
| Q1 25 | $116.3M | $256.0M | ||
| Q4 24 | $104.9M | $340.0M | ||
| Q3 24 | $136.6M | $346.0M | ||
| Q2 24 | $84.9M | $317.0M | ||
| Q1 24 | $152.0M | $244.0M |
总债务FWRDLPX
| Q4 25 | $1.7B | $348.0M | ||
| Q3 25 | $1.7B | $348.0M | ||
| Q2 25 | — | $348.0M | ||
| Q1 25 | — | $348.0M | ||
| Q4 24 | — | $348.0M | ||
| Q3 24 | — | $347.0M | ||
| Q2 24 | — | $347.0M | ||
| Q1 24 | $1.7B | $347.0M |
股东权益FWRDLPX
| Q4 25 | $113.3M | $1.7B | ||
| Q3 25 | $139.8M | $1.7B | ||
| Q2 25 | $151.8M | $1.7B | ||
| Q1 25 | $154.6M | $1.7B | ||
| Q4 24 | $201.7M | $1.7B | ||
| Q3 24 | $226.1M | $1.7B | ||
| Q2 24 | $283.8M | $1.7B | ||
| Q1 24 | $926.1M | $1.6B |
总资产FWRDLPX
| Q4 25 | $2.7B | $2.6B | ||
| Q3 25 | $2.8B | $2.6B | ||
| Q2 25 | $2.8B | $2.7B | ||
| Q1 25 | $2.8B | $2.6B | ||
| Q4 24 | $2.8B | $2.6B | ||
| Q3 24 | $3.1B | $2.6B | ||
| Q2 24 | $3.1B | $2.5B | ||
| Q1 24 | $4.0B | $2.5B |
负债/权益比FWRDLPX
| Q4 25 | 14.89× | 0.20× | ||
| Q3 25 | 12.05× | 0.20× | ||
| Q2 25 | — | 0.20× | ||
| Q1 25 | — | 0.21× | ||
| Q4 24 | — | 0.21× | ||
| Q3 24 | — | 0.21× | ||
| Q2 24 | — | 0.21× | ||
| Q1 24 | 1.81× | 0.21× |
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 | — | $67.0M |
| 自由现金流经营现金流 - 资本支出 | — | $-8.0M |
| 自由现金流率自由现金流/营收 | — | -1.4% |
| 资本支出强度资本支出/营收 | 1.3% | 13.3% |
| 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 | — | $91.0M |
8季度趋势，按日历期对齐
经营现金流FWRDLPX
| Q4 25 | — | $67.0M | ||
| Q3 25 | $52.7M | $89.0M | ||
| Q2 25 | — | $162.0M | ||
| Q1 25 | $27.6M | $64.0M | ||
| Q4 24 | $-23.2M | $105.0M | ||
| Q3 24 | $51.2M | $183.0M | ||
| Q2 24 | $-45.2M | $212.0M | ||
| Q1 24 | $-51.7M | $105.0M |
自由现金流FWRDLPX
| Q4 25 | — | $-8.0M | ||
| Q3 25 | $48.6M | $5.0M | ||
| Q2 25 | — | $94.0M | ||
| Q1 25 | $15.7M | $0 | ||
| Q4 24 | $-30.5M | $43.0M | ||
| Q3 24 | $40.7M | $139.0M | ||
| Q2 24 | $-59.6M | $176.0M | ||
| Q1 24 | $-56.7M | $64.0M |
自由现金流率FWRDLPX
| Q4 25 | — | -1.4% | ||
| Q3 25 | 7.7% | 0.8% | ||
| Q2 25 | — | 12.5% | ||
| Q1 25 | 2.6% | 0.0% | ||
| Q4 24 | -4.8% | 6.3% | ||
| Q3 24 | 6.2% | 19.3% | ||
| Q2 24 | -9.3% | 21.6% | ||
| Q1 24 | -10.5% | 8.8% |
资本支出强度FWRDLPX
| Q4 25 | 1.3% | 13.3% | ||
| Q3 25 | 0.7% | 12.7% | ||
| Q2 25 | 0.8% | 9.0% | ||
| Q1 25 | 1.9% | 8.8% | ||
| Q4 24 | 1.1% | 9.1% | ||
| Q3 24 | 1.6% | 6.1% | ||
| Q2 24 | 2.2% | 4.4% | ||
| Q1 24 | 0.9% | 5.7% |
现金转化率FWRDLPX
| Q4 25 | — | — | ||
| Q3 25 | — | 9.89× | ||
| Q2 25 | — | 3.00× | ||
| Q1 25 | — | 0.70× | ||
| Q4 24 | — | 1.69× | ||
| Q3 24 | — | 2.03× | ||
| Q2 24 | — | 1.32× | ||
| Q1 24 | — | 0.97× |
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% |
LPX
| OS Bvalueadd | $472.0M | 83% |
| Other | $84.0M | 15% |
| Otherproducts | $10.0M | 2% |
