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FORWARD AIR CORP（FWRD）与ROKU, INC（ROKU）财务数据对比。点击上方公司名可切换其他公司
ROKU, INC的季度营收约是FORWARD AIR CORP的2.0倍（$1.2B vs $631.2M），ROKU, INC净利率更高（-2.2% vs -4.5%，领先2.3%），FORWARD AIR CORP同比增速更快（-0.3% vs -18.3%），过去两年ROKU, INC的营收复合增速更高（13.6% 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。
Roku是美国流媒体技术企业，2002年由安东尼·伍德创立，主营数字媒体播放器、电视硬件生产，流媒体内容分发及平台广告运营。截至2024年覆盖用户达1.45亿，是美国流媒体视频分发领域的市场领导者，业务覆盖澳、加、法、德、英及拉美多国。
FWRD vs ROKU — 直观对比
营收规模更大
ROKU
是对方的2.0倍
$631.2M
营收增速更快
FWRD
高出18.0%
-18.3%
净利率更高
ROKU
高出2.3%
-4.5%
两年增速更快
ROKU
近两年复合增速
7.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $631.2M | $1.2B |
| 净利润 | $-28.3M | $-27.4M |
| 毛利率 | — | 35.6% |
| 营业利润率 | -0.5% | 59.7% |
| 净利率 | -4.5% | -2.2% |
| 营收同比 | -0.3% | -18.3% |
| 净利润同比 | 22.2% | -361.0% |
| 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FWRDROKU
| Q1 26 | — | $1.2B | ||
| Q4 25 | $631.2M | $1.4B | ||
| Q3 25 | $631.8M | $1.2B | ||
| Q2 25 | $618.8M | $1.1B | ||
| Q1 25 | $613.3M | $1.0B | ||
| Q4 24 | $632.8M | $1.2B | ||
| Q3 24 | $655.9M | $1.1B | ||
| Q2 24 | $643.7M | $968.2M |
净利润FWRDROKU
| Q1 26 | — | $-27.4M | ||
| Q4 25 | $-28.3M | $80.5M | ||
| Q3 25 | $-16.3M | $24.8M | ||
| Q2 25 | $-12.6M | $10.5M | ||
| Q1 25 | $-50.6M | $-27.4M | ||
| Q4 24 | $-36.4M | $-35.5M | ||
| Q3 24 | $-73.4M | $-9.0M | ||
| Q2 24 | $-645.4M | $-34.0M |
毛利率FWRDROKU
| Q1 26 | — | 35.6% | ||
| Q4 25 | — | 43.5% | ||
| Q3 25 | — | 43.4% | ||
| Q2 25 | — | 44.8% | ||
| Q1 25 | — | 43.6% | ||
| Q4 24 | — | 42.7% | ||
| Q3 24 | — | 45.2% | ||
| Q2 24 | — | 43.9% |
营业利润率FWRDROKU
| Q1 26 | — | 59.7% | ||
| Q4 25 | -0.5% | 4.7% | ||
| Q3 25 | 2.4% | 0.8% | ||
| Q2 25 | 3.2% | -2.1% | ||
| Q1 25 | 0.8% | -5.7% | ||
| Q4 24 | 12.0% | -3.3% | ||
| Q3 24 | 3.5% | -3.4% | ||
| Q2 24 | -170.2% | -7.4% |
净利率FWRDROKU
| Q1 26 | — | -2.2% | ||
| Q4 25 | -4.5% | 5.8% | ||
| Q3 25 | -2.6% | 2.0% | ||
| Q2 25 | -2.0% | 0.9% | ||
| Q1 25 | -8.3% | -2.7% | ||
| Q4 24 | -5.8% | -3.0% | ||
| Q3 24 | -11.2% | -0.9% | ||
| Q2 24 | -100.3% | -3.5% |
每股收益（稀释后）FWRDROKU
| Q1 26 | — | $0.57 | ||
| Q4 25 | $-0.90 | $0.55 | ||
| Q3 25 | $-0.52 | $0.16 | ||
| Q2 25 | $-0.41 | $0.07 | ||
| Q1 25 | $-1.68 | $-0.19 | ||
| Q4 24 | $-1.69 | $-0.24 | ||
| Q3 24 | $-2.66 | $-0.06 | ||
| Q2 24 | $-23.47 | $-0.24 |
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 | $2.4B |
| 总债务越低越好 | $1.7B | — |
| 股东权益账面价值 | $113.3M | $2.7B |
| 总资产 | $2.7B | $4.4B |
| 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FWRDROKU
| Q1 26 | — | $2.4B | ||
| Q4 25 | $106.0M | $2.3B | ||
| Q3 25 | $140.4M | $2.3B | ||
| Q2 25 | $95.1M | $2.3B | ||
| Q1 25 | $116.3M | $2.3B | ||
| Q4 24 | $104.9M | $2.2B | ||
| Q3 24 | $136.6M | $2.1B | ||
| Q2 24 | $84.9M | $2.1B |
总债务FWRDROKU
| Q1 26 | — | — | ||
| Q4 25 | $1.7B | — | ||
| Q3 25 | $1.7B | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益FWRDROKU
| Q1 26 | — | $2.7B | ||
| Q4 25 | $113.3M | $2.7B | ||
| Q3 25 | $139.8M | $2.6B | ||
| Q2 25 | $151.8M | $2.6B | ||
| Q1 25 | $154.6M | $2.5B | ||
| Q4 24 | $201.7M | $2.5B | ||
| Q3 24 | $226.1M | $2.5B | ||
| Q2 24 | $283.8M | $2.4B |
总资产FWRDROKU
| Q1 26 | — | $4.4B | ||
| Q4 25 | $2.7B | $4.4B | ||
| Q3 25 | $2.8B | $4.4B | ||
| Q2 25 | $2.8B | $4.3B | ||
| Q1 25 | $2.8B | $4.2B | ||
| Q4 24 | $2.8B | $4.3B | ||
| Q3 24 | $3.1B | $4.3B | ||
| Q2 24 | $3.1B | $4.1B |
负债/权益比FWRDROKU
| Q1 26 | — | — | ||
| Q4 25 | 14.89× | — | ||
| Q3 25 | 12.05× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | — | $199.1M |
| 自由现金流经营现金流 - 资本支出 | — | $298.4M |
| 自由现金流率自由现金流/营收 | — | 23.9% |
| 资本支出强度资本支出/营收 | 1.3% | — |
| 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 | — | $640.0M |
8季度趋势，按日历期对齐
经营现金流FWRDROKU
| Q1 26 | — | $199.1M | ||
| Q4 25 | — | $107.7M | ||
| Q3 25 | $52.7M | $127.6M | ||
| Q2 25 | — | $109.7M | ||
| Q1 25 | $27.6M | $138.7M | ||
| Q4 24 | $-23.2M | $79.3M | ||
| Q3 24 | $51.2M | $68.7M | ||
| Q2 24 | $-45.2M | $23.4M |
自由现金流FWRDROKU
| Q1 26 | — | $298.4M | ||
| Q4 25 | — | $106.6M | ||
| Q3 25 | $48.6M | $126.5M | ||
| Q2 25 | — | $108.6M | ||
| Q1 25 | $15.7M | $136.8M | ||
| Q4 24 | $-30.5M | $76.8M | ||
| Q3 24 | $40.7M | $67.6M | ||
| Q2 24 | $-59.6M | $22.5M |
自由现金流率FWRDROKU
| Q1 26 | — | 23.9% | ||
| Q4 25 | — | 7.6% | ||
| Q3 25 | 7.7% | 10.4% | ||
| Q2 25 | — | 9.8% | ||
| Q1 25 | 2.6% | 13.4% | ||
| Q4 24 | -4.8% | 6.4% | ||
| Q3 24 | 6.2% | 6.4% | ||
| Q2 24 | -9.3% | 2.3% |
资本支出强度FWRDROKU
| Q1 26 | — | — | ||
| Q4 25 | 1.3% | 0.1% | ||
| Q3 25 | 0.7% | 0.1% | ||
| Q2 25 | 0.8% | 0.1% | ||
| Q1 25 | 1.9% | 0.2% | ||
| Q4 24 | 1.1% | 0.2% | ||
| Q3 24 | 1.6% | 0.1% | ||
| Q2 24 | 2.2% | 0.1% |
现金转化率FWRDROKU
| Q1 26 | — | — | ||
| Q4 25 | — | 1.34× | ||
| Q3 25 | — | 5.14× | ||
| Q2 25 | — | 10.45× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 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% |
ROKU
| Advertising | $612.7M | 49% |
| Subscriptions | $518.5M | 42% |
| Devices | $117.6M | 9% |
