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FORWARD AIR CORP（FWRD）与OSI SYSTEMS INC（OSIS）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OSI SYSTEMS INC的1.4倍（$631.2M vs $464.1M），OSI SYSTEMS INC净利率更高（8.3% vs -4.5%，领先12.8%），OSI SYSTEMS INC同比增速更快（10.5% vs -0.3%），过去两年FORWARD AIR CORP的营收复合增速更高（7.9% vs 7.0%）
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。
OSI系统公司是总部位于美国加利福尼亚州的企业，主营安全检测系统、医疗设备及光电器件三大业务板块，产品涵盖机场安检X光机、金属探测器、医疗监护与麻醉系统等，旗下拥有Spacelabs Healthcare、Rapiscan Systems、OSI Optoelectronics等子公司，全球员工规模约3180人。
FWRD vs OSIS — 直观对比
营收规模更大
FWRD
是对方的1.4倍
$464.1M
营收增速更快
OSIS
高出10.8%
-0.3%
净利率更高
OSIS
高出12.8%
-4.5%
两年增速更快
FWRD
近两年复合增速
7.0%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $631.2M | $464.1M |
| 净利润 | $-28.3M | $38.7M |
| 毛利率 | — | 32.7% |
| 营业利润率 | -0.5% | 12.7% |
| 净利率 | -4.5% | 8.3% |
| 营收同比 | -0.3% | 10.5% |
| 净利润同比 | 22.2% | 2.3% |
| 每股收益（稀释后） | $-0.90 | $2.22 |
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FWRDOSIS
| Q4 25 | $631.2M | $464.1M | ||
| Q3 25 | $631.8M | $384.6M | ||
| Q2 25 | $618.8M | $505.0M | ||
| Q1 25 | $613.3M | $444.4M | ||
| Q4 24 | $632.8M | $419.8M | ||
| Q3 24 | $655.9M | $344.0M | ||
| Q2 24 | $643.7M | $480.9M | ||
| Q1 24 | $541.8M | $405.4M |
净利润FWRDOSIS
| Q4 25 | $-28.3M | $38.7M | ||
| Q3 25 | $-16.3M | $20.6M | ||
| Q2 25 | $-12.6M | $52.7M | ||
| Q1 25 | $-50.6M | $41.1M | ||
| Q4 24 | $-36.4M | $37.8M | ||
| Q3 24 | $-73.4M | $17.9M | ||
| Q2 24 | $-645.4M | $44.7M | ||
| Q1 24 | $-61.7M | $34.0M |
毛利率FWRDOSIS
| Q4 25 | — | 32.7% | ||
| Q3 25 | — | 32.0% | ||
| Q2 25 | — | 33.3% | ||
| Q1 25 | — | 33.8% | ||
| Q4 24 | — | 35.1% | ||
| Q3 24 | — | 35.3% | ||
| Q2 24 | — | 32.1% | ||
| Q1 24 | — | 33.6% |
营业利润率FWRDOSIS
| Q4 25 | -0.5% | 12.7% | ||
| Q3 25 | 2.4% | 8.6% | ||
| Q2 25 | 3.2% | 14.5% | ||
| Q1 25 | 0.8% | 12.7% | ||
| Q4 24 | 12.0% | 13.8% | ||
| Q3 24 | 3.5% | 8.8% | ||
| Q2 24 | -170.2% | 13.1% | ||
| Q1 24 | -12.1% | 12.7% |
净利率FWRDOSIS
| Q4 25 | -4.5% | 8.3% | ||
| Q3 25 | -2.6% | 5.3% | ||
| Q2 25 | -2.0% | 10.4% | ||
| Q1 25 | -8.3% | 9.3% | ||
| Q4 24 | -5.8% | 9.0% | ||
| Q3 24 | -11.2% | 5.2% | ||
| Q2 24 | -100.3% | 9.3% | ||
| Q1 24 | -11.4% | 8.4% |
每股收益（稀释后）FWRDOSIS
| Q4 25 | $-0.90 | $2.22 | ||
| Q3 25 | $-0.52 | $1.18 | ||
| Q2 25 | $-0.41 | $3.04 | ||
| Q1 25 | $-1.68 | $2.40 | ||
| Q4 24 | $-1.69 | $2.22 | ||
| Q3 24 | $-2.66 | $1.05 | ||
| Q2 24 | $-23.47 | $2.57 | ||
| Q1 24 | $-2.81 | $1.95 |
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 | $336.7M |
| 总债务越低越好 | $1.7B | $1.0B |
| 股东权益账面价值 | $113.3M | $845.5M |
| 总资产 | $2.7B | $2.5B |
| 负债/权益比越低杠杆越低 | 14.89× | 1.19× |
8季度趋势，按日历期对齐
现金及短期投资FWRDOSIS
| Q4 25 | $106.0M | $336.7M | ||
| Q3 25 | $140.4M | $124.4M | ||
| Q2 25 | $95.1M | $106.4M | ||
| Q1 25 | $116.3M | $95.8M | ||
| Q4 24 | $104.9M | $101.6M | ||
| Q3 24 | $136.6M | $85.1M | ||
| Q2 24 | $84.9M | $95.4M | ||
| Q1 24 | $152.0M | $101.4M |
总债务FWRDOSIS
| Q4 25 | $1.7B | $1.0B | ||
| Q3 25 | $1.7B | $442.2M | ||
| Q2 25 | — | $471.6M | ||
| Q1 25 | — | $473.2M | ||
| Q4 24 | — | $474.8M | ||
| Q3 24 | — | $476.3M | ||
| Q2 24 | — | $137.6M | ||
| Q1 24 | $1.7B | — |
股东权益FWRDOSIS
| Q4 25 | $113.3M | $845.5M | ||
| Q3 25 | $139.8M | $946.0M | ||
| Q2 25 | $151.8M | $951.1M | ||
| Q1 25 | $154.6M | $879.3M | ||
| Q4 24 | $201.7M | $825.8M | ||
| Q3 24 | $226.1M | $786.5M | ||
| Q2 24 | $283.8M | $863.5M | ||
| Q1 24 | $926.1M | $813.4M |
总资产FWRDOSIS
| Q4 25 | $2.7B | $2.5B | ||
| Q3 25 | $2.8B | $2.3B | ||
| Q2 25 | $2.8B | $2.2B | ||
| Q1 25 | $2.8B | $2.1B | ||
| Q4 24 | $2.8B | $2.1B | ||
| Q3 24 | $3.1B | $2.1B | ||
| Q2 24 | $3.1B | $1.9B | ||
| Q1 24 | $4.0B | $1.8B |
负债/权益比FWRDOSIS
| Q4 25 | 14.89× | 1.19× | ||
| Q3 25 | 12.05× | 0.47× | ||
| Q2 25 | — | 0.50× | ||
| Q1 25 | — | 0.54× | ||
| Q4 24 | — | 0.57× | ||
| Q3 24 | — | 0.61× | ||
| Q2 24 | — | 0.16× | ||
| 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 | — | $62.2M |
| 自由现金流经营现金流 - 资本支出 | — | $55.5M |
| 自由现金流率自由现金流/营收 | — | 12.0% |
| 资本支出强度资本支出/营收 | 1.3% | 1.4% |
| 现金转化率经营现金流/净利润 | — | 1.61× |
| 过去12个月自由现金流最近4个季度 | — | $137.2M |
8季度趋势，按日历期对齐
经营现金流FWRDOSIS
| Q4 25 | — | $62.2M | ||
| Q3 25 | $52.7M | $17.1M | ||
| Q2 25 | — | $562.0K | ||
| Q1 25 | $27.6M | $81.6M | ||
| Q4 24 | $-23.2M | $52.5M | ||
| Q3 24 | $51.2M | $-37.2M | ||
| Q2 24 | $-45.2M | $-29.0M | ||
| Q1 24 | $-51.7M | $-52.1M |
自由现金流FWRDOSIS
| Q4 25 | — | $55.5M | ||
| Q3 25 | $48.6M | $10.1M | ||
| Q2 25 | — | $-5.6M | ||
| Q1 25 | $15.7M | $77.1M | ||
| Q4 24 | $-30.5M | $47.1M | ||
| Q3 24 | $40.7M | $-44.9M | ||
| Q2 24 | $-59.6M | $-37.5M | ||
| Q1 24 | $-56.7M | $-57.0M |
自由现金流率FWRDOSIS
| Q4 25 | — | 12.0% | ||
| Q3 25 | 7.7% | 2.6% | ||
| Q2 25 | — | -1.1% | ||
| Q1 25 | 2.6% | 17.4% | ||
| Q4 24 | -4.8% | 11.2% | ||
| Q3 24 | 6.2% | -13.0% | ||
| Q2 24 | -9.3% | -7.8% | ||
| Q1 24 | -10.5% | -14.1% |
资本支出强度FWRDOSIS
| Q4 25 | 1.3% | 1.4% | ||
| Q3 25 | 0.7% | 1.8% | ||
| Q2 25 | 0.8% | 1.2% | ||
| Q1 25 | 1.9% | 1.0% | ||
| Q4 24 | 1.1% | 1.3% | ||
| Q3 24 | 1.6% | 2.2% | ||
| Q2 24 | 2.2% | 1.8% | ||
| Q1 24 | 0.9% | 1.2% |
现金转化率FWRDOSIS
| Q4 25 | — | 1.61× | ||
| Q3 25 | — | 0.83× | ||
| Q2 25 | — | 0.01× | ||
| Q1 25 | — | 1.98× | ||
| Q4 24 | — | 1.39× | ||
| Q3 24 | — | -2.07× | ||
| Q2 24 | — | -0.65× | ||
| Q1 24 | — | -1.53× |
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% |
OSIS
| Security Division | $334.7M | 72% |
| Optoelectronics And Manufacturing Division | $92.8M | 20% |
| Healthcare Division | $36.5M | 8% |
