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FORWARD AIR CORP（FWRD）与Real Brokerage Inc（REAX）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Real Brokerage Inc的1.1倍（$631.2M vs $568.5M），Real Brokerage Inc净利率更高（-0.1% vs -4.5%，领先4.4%），Real Brokerage Inc同比增速更快（52.6% vs -0.3%）
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。
该企业是美国房产服务企业，主营房产经纪业务运营与品牌特许经营，业务覆盖房产中介、 relocation服务、产权服务、保险及结算服务，旗下拥有Better Homes and Gardens Real Estate、21世纪不动产、Coldwell Banker、Corcoran Group、ERA房地产以及苏富比国际地产等多个知名品牌，2026年被Compass, Inc.收购。
FWRD vs REAX — 直观对比
营收规模更大
FWRD
是对方的1.1倍
$568.5M
营收增速更快
REAX
高出52.9%
-0.3%
净利率更高
REAX
高出4.4%
-4.5%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $631.2M | $568.5M |
| 净利润 | $-28.3M | $-447.0K |
| 毛利率 | — | 7.9% |
| 营业利润率 | -0.5% | -0.1% |
| 净利率 | -4.5% | -0.1% |
| 营收同比 | -0.3% | 52.6% |
| 净利润同比 | 22.2% | 82.7% |
| 每股收益（稀释后） | $-0.90 | $0.00 |
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FWRDREAX
| Q4 25 | $631.2M | — | ||
| Q3 25 | $631.8M | $568.5M | ||
| Q2 25 | $618.8M | $540.7M | ||
| Q1 25 | $613.3M | $354.0M | ||
| Q4 24 | $632.8M | — | ||
| Q3 24 | $655.9M | $372.5M | ||
| Q2 24 | $643.7M | — | ||
| Q1 24 | $541.8M | $200.7M |
净利润FWRDREAX
| Q4 25 | $-28.3M | — | ||
| Q3 25 | $-16.3M | $-447.0K | ||
| Q2 25 | $-12.6M | $1.5M | ||
| Q1 25 | $-50.6M | $-5.0M | ||
| Q4 24 | $-36.4M | — | ||
| Q3 24 | $-73.4M | $-2.6M | ||
| Q2 24 | $-645.4M | — | ||
| Q1 24 | $-61.7M | $-16.1M |
毛利率FWRDREAX
| Q4 25 | — | — | ||
| Q3 25 | — | 7.9% | ||
| Q2 25 | — | 8.9% | ||
| Q1 25 | — | 9.6% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 8.6% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 10.3% |
营业利润率FWRDREAX
| Q4 25 | -0.5% | — | ||
| Q3 25 | 2.4% | -0.1% | ||
| Q2 25 | 3.2% | 0.3% | ||
| Q1 25 | 0.8% | -1.5% | ||
| Q4 24 | 12.0% | — | ||
| Q3 24 | 3.5% | -0.7% | ||
| Q2 24 | -170.2% | — | ||
| Q1 24 | -12.1% | -7.8% |
净利率FWRDREAX
| Q4 25 | -4.5% | — | ||
| Q3 25 | -2.6% | -0.1% | ||
| Q2 25 | -2.0% | 0.3% | ||
| Q1 25 | -8.3% | -1.4% | ||
| Q4 24 | -5.8% | — | ||
| Q3 24 | -11.2% | -0.7% | ||
| Q2 24 | -100.3% | — | ||
| Q1 24 | -11.4% | -8.0% |
每股收益（稀释后）FWRDREAX
| Q4 25 | $-0.90 | — | ||
| Q3 25 | $-0.52 | $0.00 | ||
| Q2 25 | $-0.41 | $0.01 | ||
| Q1 25 | $-1.68 | $-0.02 | ||
| Q4 24 | $-1.69 | — | ||
| Q3 24 | $-2.66 | $-0.01 | ||
| Q2 24 | $-23.47 | — | ||
| Q1 24 | $-2.81 | $-0.09 |
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 | $38.7M |
| 总债务越低越好 | $1.7B | — |
| 股东权益账面价值 | $113.3M | $53.6M |
| 总资产 | $2.7B | $145.2M |
| 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FWRDREAX
| Q4 25 | $106.0M | — | ||
| Q3 25 | $140.4M | $38.7M | ||
| Q2 25 | $95.1M | $49.7M | ||
| Q1 25 | $116.3M | $24.7M | ||
| Q4 24 | $104.9M | — | ||
| Q3 24 | $136.6M | $22.6M | ||
| Q2 24 | $84.9M | — | ||
| Q1 24 | $152.0M | $20.1M |
总债务FWRDREAX
| 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FWRDREAX
| Q4 25 | $113.3M | — | ||
| Q3 25 | $139.8M | $53.6M | ||
| Q2 25 | $151.8M | $49.2M | ||
| Q1 25 | $154.6M | $32.8M | ||
| Q4 24 | $201.7M | — | ||
| Q3 24 | $226.1M | $29.8M | ||
| Q2 24 | $283.8M | — | ||
| Q1 24 | $926.1M | $25.6M |
总资产FWRDREAX
| Q4 25 | $2.7B | — | ||
| Q3 25 | $2.8B | $145.2M | ||
| Q2 25 | $2.8B | $149.4M | ||
| Q1 25 | $2.8B | $100.5M | ||
| Q4 24 | $2.8B | — | ||
| Q3 24 | $3.1B | $102.5M | ||
| Q2 24 | $3.1B | — | ||
| Q1 24 | $4.0B | — |
负债/权益比FWRDREAX
| 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 | — | $8.8M |
| 自由现金流经营现金流 - 资本支出 | — | $8.4M |
| 自由现金流率自由现金流/营收 | — | 1.5% |
| 资本支出强度资本支出/营收 | 1.3% | 0.1% |
| 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 | — | $71.7M |
8季度趋势，按日历期对齐
经营现金流FWRDREAX
| Q4 25 | — | — | ||
| Q3 25 | $52.7M | $8.8M | ||
| Q2 25 | — | $41.0M | ||
| Q1 25 | $27.6M | $15.9M | ||
| Q4 24 | $-23.2M | — | ||
| Q3 24 | $51.2M | $7.2M | ||
| Q2 24 | $-45.2M | — | ||
| Q1 24 | $-51.7M | $21.5M |
自由现金流FWRDREAX
| Q4 25 | — | — | ||
| Q3 25 | $48.6M | $8.4M | ||
| Q2 25 | — | $40.8M | ||
| Q1 25 | $15.7M | $15.7M | ||
| Q4 24 | $-30.5M | — | ||
| Q3 24 | $40.7M | $6.8M | ||
| Q2 24 | $-59.6M | — | ||
| Q1 24 | $-56.7M | $21.4M |
自由现金流率FWRDREAX
| Q4 25 | — | — | ||
| Q3 25 | 7.7% | 1.5% | ||
| Q2 25 | — | 7.5% | ||
| Q1 25 | 2.6% | 4.4% | ||
| Q4 24 | -4.8% | — | ||
| Q3 24 | 6.2% | 1.8% | ||
| Q2 24 | -9.3% | — | ||
| Q1 24 | -10.5% | 10.7% |
资本支出强度FWRDREAX
| Q4 25 | 1.3% | — | ||
| Q3 25 | 0.7% | 0.1% | ||
| Q2 25 | 0.8% | 0.0% | ||
| Q1 25 | 1.9% | 0.1% | ||
| Q4 24 | 1.1% | — | ||
| Q3 24 | 1.6% | 0.1% | ||
| Q2 24 | 2.2% | — | ||
| Q1 24 | 0.9% | 0.0% |
现金转化率FWRDREAX
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 27.13× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| 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% |
REAX
暂无分部数据
