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FORWARD AIR CORP（FWRD）与Penguin Solutions, Inc.（PENG）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Penguin Solutions, Inc.的1.8倍（$631.2M vs $343.1M），Penguin Solutions, Inc.净利率更高（1.5% vs -4.5%，领先6.0%），Penguin Solutions, Inc.同比增速更快（0.6% vs -0.3%），过去两年Penguin Solutions, Inc.的营收复合增速更高（11.8% 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。
企鹅解决方案公司旗下的兰波集团以拉姆齐解决方案品牌开展业务，是一家美国企业，业务涵盖个人理财、领导力发展、人际关系管理与职业发展相关产品与服务。该公司由戴夫·拉姆齐与妻子莎伦于1991年创立，总部位于田纳西州富兰克林。
FWRD vs PENG — 直观对比
营收规模更大
FWRD
是对方的1.8倍
$343.1M
营收增速更快
PENG
高出0.8%
-0.3%
净利率更高
PENG
高出6.0%
-4.5%
两年增速更快
PENG
近两年复合增速
7.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $631.2M | $343.1M |
| 净利润 | $-28.3M | $5.3M |
| 毛利率 | — | 28.0% |
| 营业利润率 | -0.5% | 5.7% |
| 净利率 | -4.5% | 1.5% |
| 营收同比 | -0.3% | 0.6% |
| 净利润同比 | 22.2% | 1.0% |
| 每股收益（稀释后） | $-0.90 | $0.04 |
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FWRDPENG
| Q4 25 | $631.2M | $343.1M | ||
| Q3 25 | $631.8M | $337.9M | ||
| Q2 25 | $618.8M | $324.3M | ||
| Q1 25 | $613.3M | $365.5M | ||
| Q4 24 | $632.8M | $341.1M | ||
| Q3 24 | $655.9M | $284.8M | ||
| Q2 24 | $643.7M | $300.6M | ||
| Q1 24 | $541.8M | — |
净利润FWRDPENG
| Q4 25 | $-28.3M | $5.3M | ||
| Q3 25 | $-16.3M | $9.4M | ||
| Q2 25 | $-12.6M | $2.7M | ||
| Q1 25 | $-50.6M | $8.1M | ||
| Q4 24 | $-36.4M | $5.2M | ||
| Q3 24 | $-73.4M | — | ||
| Q2 24 | $-645.4M | $5.6M | ||
| Q1 24 | $-61.7M | — |
毛利率FWRDPENG
| Q4 25 | — | 28.0% | ||
| Q3 25 | — | 28.6% | ||
| Q2 25 | — | 29.3% | ||
| Q1 25 | — | 28.6% | ||
| Q4 24 | — | 28.7% | ||
| Q3 24 | — | 28.8% | ||
| Q2 24 | — | 29.6% | ||
| Q1 24 | — | — |
营业利润率FWRDPENG
| Q4 25 | -0.5% | 5.7% | ||
| Q3 25 | 2.4% | 3.7% | ||
| Q2 25 | 3.2% | 3.0% | ||
| Q1 25 | 0.8% | 5.1% | ||
| Q4 24 | 12.0% | 5.1% | ||
| Q3 24 | 3.5% | -1.2% | ||
| Q2 24 | -170.2% | 3.8% | ||
| Q1 24 | -12.1% | — |
净利率FWRDPENG
| Q4 25 | -4.5% | 1.5% | ||
| Q3 25 | -2.6% | 2.8% | ||
| Q2 25 | -2.0% | 0.8% | ||
| Q1 25 | -8.3% | 2.2% | ||
| Q4 24 | -5.8% | 1.5% | ||
| Q3 24 | -11.2% | — | ||
| Q2 24 | -100.3% | 1.9% | ||
| Q1 24 | -11.4% | — |
每股收益（稀释后）FWRDPENG
| Q4 25 | $-0.90 | $0.04 | ||
| Q3 25 | $-0.52 | $0.10 | ||
| Q2 25 | $-0.41 | $-0.01 | ||
| Q1 25 | $-1.68 | $0.09 | ||
| Q4 24 | $-1.69 | $0.10 | ||
| Q3 24 | $-2.66 | — | ||
| Q2 24 | $-23.47 | $0.10 | ||
| Q1 24 | $-2.81 | — |
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 | $461.5M |
| 总债务越低越好 | $1.7B | $462.3M |
| 股东权益账面价值 | $113.3M | $389.7M |
| 总资产 | $2.7B | $1.6B |
| 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FWRDPENG
| Q4 25 | $106.0M | $461.5M | ||
| Q3 25 | $140.4M | $453.8M | ||
| Q2 25 | $95.1M | $735.5M | ||
| Q1 25 | $116.3M | $647.0M | ||
| Q4 24 | $104.9M | $393.7M | ||
| Q3 24 | $136.6M | $389.5M | ||
| Q2 24 | $84.9M | $467.5M | ||
| Q1 24 | $152.0M | — |
总债务FWRDPENG
| Q4 25 | $1.7B | $462.3M | ||
| Q3 25 | $1.7B | $461.8M | ||
| Q2 25 | — | $659.5M | ||
| Q1 25 | — | $658.8M | ||
| Q4 24 | — | $658.1M | ||
| Q3 24 | — | $657.3M | ||
| Q2 24 | — | $667.0M | ||
| Q1 24 | $1.7B | — |
股东权益FWRDPENG
| Q4 25 | $113.3M | $389.7M | ||
| Q3 25 | $139.8M | $394.2M | ||
| Q2 25 | $151.8M | $584.8M | ||
| Q1 25 | $154.6M | $602.5M | ||
| Q4 24 | $201.7M | $400.4M | ||
| Q3 24 | $226.1M | $391.4M | ||
| Q2 24 | $283.8M | $423.4M | ||
| Q1 24 | $926.1M | — |
总资产FWRDPENG
| Q4 25 | $2.7B | $1.6B | ||
| Q3 25 | $2.8B | $1.6B | ||
| Q2 25 | $2.8B | $1.8B | ||
| Q1 25 | $2.8B | $1.8B | ||
| Q4 24 | $2.8B | $1.6B | ||
| Q3 24 | $3.1B | $1.5B | ||
| Q2 24 | $3.1B | $1.5B | ||
| Q1 24 | $4.0B | — |
负债/权益比FWRDPENG
| Q4 25 | 14.89× | 1.19× | ||
| Q3 25 | 12.05× | 1.17× | ||
| Q2 25 | — | 1.13× | ||
| Q1 25 | — | 1.09× | ||
| Q4 24 | — | 1.64× | ||
| Q3 24 | — | 1.68× | ||
| Q2 24 | — | 1.58× | ||
| 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 | — | $31.1M |
| 自由现金流经营现金流 - 资本支出 | — | $28.2M |
| 自由现金流率自由现金流/营收 | — | 8.2% |
| 资本支出强度资本支出/营收 | 1.3% | 0.8% |
| 现金转化率经营现金流/净利润 | — | 5.89× |
| 过去12个月自由现金流最近4个季度 | — | $116.3M |
8季度趋势，按日历期对齐
经营现金流FWRDPENG
| Q4 25 | — | $31.1M | ||
| Q3 25 | $52.7M | $-70.4M | ||
| Q2 25 | — | $92.8M | ||
| Q1 25 | $27.6M | $72.9M | ||
| Q4 24 | $-23.2M | $13.8M | ||
| Q3 24 | $51.2M | — | ||
| Q2 24 | $-45.2M | $57.9M | ||
| Q1 24 | $-51.7M | — |
自由现金流FWRDPENG
| Q4 25 | — | $28.2M | ||
| Q3 25 | $48.6M | $-73.4M | ||
| Q2 25 | — | $90.9M | ||
| Q1 25 | $15.7M | $70.5M | ||
| Q4 24 | $-30.5M | $12.0M | ||
| Q3 24 | $40.7M | — | ||
| Q2 24 | $-59.6M | $48.9M | ||
| Q1 24 | $-56.7M | — |
自由现金流率FWRDPENG
| Q4 25 | — | 8.2% | ||
| Q3 25 | 7.7% | -21.7% | ||
| Q2 25 | — | 28.0% | ||
| Q1 25 | 2.6% | 19.3% | ||
| Q4 24 | -4.8% | 3.5% | ||
| Q3 24 | 6.2% | — | ||
| Q2 24 | -9.3% | 16.3% | ||
| Q1 24 | -10.5% | — |
资本支出强度FWRDPENG
| Q4 25 | 1.3% | 0.8% | ||
| Q3 25 | 0.7% | 0.9% | ||
| Q2 25 | 0.8% | 0.6% | ||
| Q1 25 | 1.9% | 0.6% | ||
| Q4 24 | 1.1% | 0.5% | ||
| Q3 24 | 1.6% | — | ||
| Q2 24 | 2.2% | 3.0% | ||
| Q1 24 | 0.9% | — |
现金转化率FWRDPENG
| Q4 25 | — | 5.89× | ||
| Q3 25 | — | -7.47× | ||
| Q2 25 | — | 34.88× | ||
| Q1 25 | — | 9.02× | ||
| Q4 24 | — | 2.65× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 10.30× | ||
| 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% |
PENG
| Integrated Memory Segment | $171.6M | 50% |
| Advanced Computing Segment | $115.7M | 34% |
| Optimized LED Segment | $55.7M | 16% |
