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FORWARD AIR CORP（FWRD）与OUTFRONT Media Inc.（OUT）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OUTFRONT Media Inc.的1.2倍（$631.2M vs $513.3M），OUTFRONT Media Inc.净利率更高（18.9% vs -4.5%，领先23.3%），OUTFRONT Media Inc.同比增速更快（4.1% vs -0.3%），过去两年OUTFRONT Media Inc.的营收复合增速更高（12.1% vs 7.9%）
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。
OUTFRONT Media Inc.是一家美国广告企业，业务覆盖美国本土，由首席执行官Nick Brien领导美洲区业务，核心经营广告牌及公共交通展示广告两大业务板块，是户外广告领域的重要参与者。
FWRD vs OUT — 直观对比
营收规模更大
FWRD
是对方的1.2倍
$513.3M
营收增速更快
OUT
高出4.3%
-0.3%
净利率更高
OUT
高出23.3%
-4.5%
两年增速更快
OUT
近两年复合增速
7.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $631.2M | $513.3M |
| 净利润 | $-28.3M | $96.8M |
| 毛利率 | — | — |
| 营业利润率 | -0.5% | 26.0% |
| 净利率 | -4.5% | 18.9% |
| 营收同比 | -0.3% | 4.1% |
| 净利润同比 | 22.2% | 30.8% |
| 每股收益（稀释后） | $-0.90 | $0.57 |
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FWRDOUT
| Q4 25 | $631.2M | $513.3M | ||
| Q3 25 | $631.8M | $467.5M | ||
| Q2 25 | $618.8M | $460.2M | ||
| Q1 25 | $613.3M | $390.7M | ||
| Q4 24 | $632.8M | $493.2M | ||
| Q3 24 | $655.9M | $451.9M | ||
| Q2 24 | $643.7M | $477.3M | ||
| Q1 24 | $541.8M | $408.5M |
净利润FWRDOUT
| Q4 25 | $-28.3M | $96.8M | ||
| Q3 25 | $-16.3M | $51.3M | ||
| Q2 25 | $-12.6M | $19.5M | ||
| Q1 25 | $-50.6M | $-20.6M | ||
| Q4 24 | $-36.4M | $74.0M | ||
| Q3 24 | $-73.4M | $34.6M | ||
| Q2 24 | $-645.4M | $176.8M | ||
| Q1 24 | $-61.7M | $-27.2M |
营业利润率FWRDOUT
| Q4 25 | -0.5% | 26.0% | ||
| Q3 25 | 2.4% | 19.2% | ||
| Q2 25 | 3.2% | 12.2% | ||
| Q1 25 | 0.8% | 3.6% | ||
| Q4 24 | 12.0% | 22.5% | ||
| Q3 24 | 3.5% | 15.8% | ||
| Q2 24 | -170.2% | 48.0% | ||
| Q1 24 | -12.1% | 3.4% |
净利率FWRDOUT
| Q4 25 | -4.5% | 18.9% | ||
| Q3 25 | -2.6% | 11.0% | ||
| Q2 25 | -2.0% | 4.2% | ||
| Q1 25 | -8.3% | -5.3% | ||
| Q4 24 | -5.8% | 15.0% | ||
| Q3 24 | -11.2% | 7.7% | ||
| Q2 24 | -100.3% | 37.0% | ||
| Q1 24 | -11.4% | -6.7% |
每股收益（稀释后）FWRDOUT
| Q4 25 | $-0.90 | $0.57 | ||
| Q3 25 | $-0.52 | $0.29 | ||
| Q2 25 | $-0.41 | $0.10 | ||
| Q1 25 | $-1.68 | $-0.14 | ||
| Q4 24 | $-1.69 | $0.49 | ||
| Q3 24 | $-2.66 | $0.19 | ||
| Q2 24 | $-23.47 | $1.01 | ||
| Q1 24 | $-2.81 | $-0.18 |
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 | $99.9M |
| 总债务越低越好 | $1.7B | — |
| 股东权益账面价值 | $113.3M | $710.4M |
| 总资产 | $2.7B | $5.3B |
| 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FWRDOUT
| Q4 25 | $106.0M | $99.9M | ||
| Q3 25 | $140.4M | $63.0M | ||
| Q2 25 | $95.1M | $28.5M | ||
| Q1 25 | $116.3M | $30.5M | ||
| Q4 24 | $104.9M | $46.9M | ||
| Q3 24 | $136.6M | $28.0M | ||
| Q2 24 | $84.9M | $49.6M | ||
| Q1 24 | $152.0M | $42.4M |
总债务FWRDOUT
| 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FWRDOUT
| Q4 25 | $113.3M | $710.4M | ||
| Q3 25 | $139.8M | $542.6M | ||
| Q2 25 | $151.8M | $539.1M | ||
| Q1 25 | $154.6M | $566.9M | ||
| Q4 24 | $201.7M | $649.0M | ||
| Q3 24 | $226.1M | $618.2M | ||
| Q2 24 | $283.8M | $664.9M | ||
| Q1 24 | $926.1M | $524.2M |
总资产FWRDOUT
| Q4 25 | $2.7B | $5.3B | ||
| Q3 25 | $2.8B | $5.2B | ||
| Q2 25 | $2.8B | $5.1B | ||
| Q1 25 | $2.8B | $5.1B | ||
| Q4 24 | $2.8B | $5.2B | ||
| Q3 24 | $3.1B | $5.2B | ||
| Q2 24 | $3.1B | $5.3B | ||
| Q1 24 | $4.0B | $5.5B |
负债/权益比FWRDOUT
| 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 | — | $118.1M |
| 自由现金流经营现金流 - 资本支出 | — | $93.3M |
| 自由现金流率自由现金流/营收 | — | 18.2% |
| 资本支出强度资本支出/营收 | 1.3% | 4.8% |
| 现金转化率经营现金流/净利润 | — | 1.22× |
| 过去12个月自由现金流最近4个季度 | — | $218.8M |
8季度趋势，按日历期对齐
经营现金流FWRDOUT
| Q4 25 | — | $118.1M | ||
| Q3 25 | $52.7M | $88.8M | ||
| Q2 25 | — | $67.1M | ||
| Q1 25 | $27.6M | $33.6M | ||
| Q4 24 | $-23.2M | $124.5M | ||
| Q3 24 | $51.2M | $73.1M | ||
| Q2 24 | $-45.2M | $71.0M | ||
| Q1 24 | $-51.7M | $30.6M |
自由现金流FWRDOUT
| Q4 25 | — | $93.3M | ||
| Q3 25 | $48.6M | $67.7M | ||
| Q2 25 | — | $41.4M | ||
| Q1 25 | $15.7M | $16.4M | ||
| Q4 24 | $-30.5M | $106.3M | ||
| Q3 24 | $40.7M | $55.5M | ||
| Q2 24 | $-59.6M | $47.1M | ||
| Q1 24 | $-56.7M | $12.2M |
自由现金流率FWRDOUT
| Q4 25 | — | 18.2% | ||
| Q3 25 | 7.7% | 14.5% | ||
| Q2 25 | — | 9.0% | ||
| Q1 25 | 2.6% | 4.2% | ||
| Q4 24 | -4.8% | 21.6% | ||
| Q3 24 | 6.2% | 12.3% | ||
| Q2 24 | -9.3% | 9.9% | ||
| Q1 24 | -10.5% | 3.0% |
资本支出强度FWRDOUT
| Q4 25 | 1.3% | 4.8% | ||
| Q3 25 | 0.7% | 4.5% | ||
| Q2 25 | 0.8% | 5.6% | ||
| Q1 25 | 1.9% | 4.4% | ||
| Q4 24 | 1.1% | 3.7% | ||
| Q3 24 | 1.6% | 3.9% | ||
| Q2 24 | 2.2% | 5.0% | ||
| Q1 24 | 0.9% | 4.5% |
现金转化率FWRDOUT
| Q4 25 | — | 1.22× | ||
| Q3 25 | — | 1.73× | ||
| Q2 25 | — | 3.44× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.68× | ||
| Q3 24 | — | 2.11× | ||
| Q2 24 | — | 0.40× | ||
| Q1 24 | — | — |
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% |
OUT
| Static Displays | $236.3M | 46% |
| Other | $134.8M | 26% |
| Digital Displays | $125.3M | 24% |
| Other Revenues | $1.9M | 0% |
