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FORWARD AIR CORP（FWRD）与RANGE RESOURCES CORP（RRC）财务数据对比。点击上方公司名可切换其他公司
RANGE RESOURCES CORP的季度营收约是FORWARD AIR CORP的1.2倍（$786.9M vs $631.2M），RANGE RESOURCES CORP净利率更高（22.8% vs -4.5%，领先27.2%），RANGE RESOURCES CORP同比增速更快（18.0% vs -0.3%），过去两年RANGE RESOURCES CORP的营收复合增速更高（14.6% 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。
Range Resources Corporation是一家总部位于美国得克萨斯州沃斯堡的天然气勘探开采企业，核心运营区域为马塞勒斯页岩地层，是该地区拥有土地面积最大的运营商，专注于天然气资源的勘探、开发与生产业务，在北美油气开发领域具备深厚的行业积累。
FWRD vs RRC — 直观对比
营收规模更大
RRC
是对方的1.2倍
$631.2M
营收增速更快
RRC
高出18.2%
-0.3%
净利率更高
RRC
高出27.2%
-4.5%
两年增速更快
RRC
近两年复合增速
7.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $631.2M | $786.9M |
| 净利润 | $-28.3M | $179.1M |
| 毛利率 | — | 94.5% |
| 营业利润率 | -0.5% | — |
| 净利率 | -4.5% | 22.8% |
| 营收同比 | -0.3% | 18.0% |
| 净利润同比 | 22.2% | 88.8% |
| 每股收益（稀释后） | $-0.90 | $0.75 |
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FWRDRRC
| Q4 25 | $631.2M | $786.9M | ||
| Q3 25 | $631.8M | $655.3M | ||
| Q2 25 | $618.8M | $699.6M | ||
| Q1 25 | $613.3M | $846.3M | ||
| Q4 24 | $632.8M | $667.0M | ||
| Q3 24 | $655.9M | $567.9M | ||
| Q2 24 | $643.7M | $513.2M | ||
| Q1 24 | $541.8M | $598.8M |
净利润FWRDRRC
| Q4 25 | $-28.3M | $179.1M | ||
| Q3 25 | $-16.3M | $144.3M | ||
| Q2 25 | $-12.6M | $237.6M | ||
| Q1 25 | $-50.6M | $97.1M | ||
| Q4 24 | $-36.4M | $94.8M | ||
| Q3 24 | $-73.4M | $50.7M | ||
| Q2 24 | $-645.4M | $28.7M | ||
| Q1 24 | $-61.7M | $92.1M |
毛利率FWRDRRC
| Q4 25 | — | 94.5% | ||
| Q3 25 | — | 92.5% | ||
| Q2 25 | — | 95.0% | ||
| Q1 25 | — | 93.1% | ||
| Q4 24 | — | 93.7% | ||
| Q3 24 | — | 94.3% | ||
| Q2 24 | — | 93.4% | ||
| Q1 24 | — | 94.7% |
营业利润率FWRDRRC
| Q4 25 | -0.5% | — | ||
| Q3 25 | 2.4% | — | ||
| Q2 25 | 3.2% | — | ||
| Q1 25 | 0.8% | — | ||
| Q4 24 | 12.0% | — | ||
| Q3 24 | 3.5% | — | ||
| Q2 24 | -170.2% | — | ||
| Q1 24 | -12.1% | — |
净利率FWRDRRC
| Q4 25 | -4.5% | 22.8% | ||
| Q3 25 | -2.6% | 22.0% | ||
| Q2 25 | -2.0% | 34.0% | ||
| Q1 25 | -8.3% | 11.5% | ||
| Q4 24 | -5.8% | 14.2% | ||
| Q3 24 | -11.2% | 8.9% | ||
| Q2 24 | -100.3% | 5.6% | ||
| Q1 24 | -11.4% | 15.4% |
每股收益（稀释后）FWRDRRC
| Q4 25 | $-0.90 | $0.75 | ||
| Q3 25 | $-0.52 | $0.60 | ||
| Q2 25 | $-0.41 | $0.99 | ||
| Q1 25 | $-1.68 | $0.40 | ||
| Q4 24 | $-1.69 | $0.38 | ||
| Q3 24 | $-2.66 | $0.21 | ||
| Q2 24 | $-23.47 | $0.12 | ||
| Q1 24 | $-2.81 | $0.38 |
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 | $204.0K |
| 总债务越低越好 | $1.7B | $1.2B |
| 股东权益账面价值 | $113.3M | $4.3B |
| 总资产 | $2.7B | $7.4B |
| 负债/权益比越低杠杆越低 | 14.89× | 0.28× |
8季度趋势，按日历期对齐
现金及短期投资FWRDRRC
| Q4 25 | $106.0M | $204.0K | ||
| Q3 25 | $140.4M | $175.0K | ||
| Q2 25 | $95.1M | $134.0K | ||
| Q1 25 | $116.3M | $344.6M | ||
| Q4 24 | $104.9M | $304.5M | ||
| Q3 24 | $136.6M | $277.4M | ||
| Q2 24 | $84.9M | $251.1M | ||
| Q1 24 | $152.0M | $343.1M |
总债务FWRDRRC
| Q4 25 | $1.7B | $1.2B | ||
| Q3 25 | $1.7B | $1.2B | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | — | $1.7B | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | — | $1.7B | ||
| Q2 24 | — | $1.7B | ||
| Q1 24 | $1.7B | $1.8B |
股东权益FWRDRRC
| Q4 25 | $113.3M | $4.3B | ||
| Q3 25 | $139.8M | $4.2B | ||
| Q2 25 | $151.8M | $4.1B | ||
| Q1 25 | $154.6M | $3.9B | ||
| Q4 24 | $201.7M | $3.9B | ||
| Q3 24 | $226.1M | $3.9B | ||
| Q2 24 | $283.8M | $3.9B | ||
| Q1 24 | $926.1M | $3.8B |
总资产FWRDRRC
| Q4 25 | $2.7B | $7.4B | ||
| Q3 25 | $2.8B | $7.2B | ||
| Q2 25 | $2.8B | $7.1B | ||
| Q1 25 | $2.8B | $7.4B | ||
| Q4 24 | $2.8B | $7.3B | ||
| Q3 24 | $3.1B | $7.2B | ||
| Q2 24 | $3.1B | $7.3B | ||
| Q1 24 | $4.0B | $7.4B |
负债/权益比FWRDRRC
| Q4 25 | 14.89× | 0.28× | ||
| Q3 25 | 12.05× | 0.29× | ||
| Q2 25 | — | 0.29× | ||
| Q1 25 | — | 0.43× | ||
| Q4 24 | — | 0.43× | ||
| Q3 24 | — | 0.44× | ||
| Q2 24 | — | 0.44× | ||
| Q1 24 | 1.81× | 0.46× |
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 | — | $257.5M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 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 | — | 1.44× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流FWRDRRC
| Q4 25 | — | $257.5M | ||
| Q3 25 | $52.7M | $247.5M | ||
| Q2 25 | — | $336.2M | ||
| Q1 25 | $27.6M | $330.1M | ||
| Q4 24 | $-23.2M | $217.9M | ||
| Q3 24 | $51.2M | $245.9M | ||
| Q2 24 | $-45.2M | $148.8M | ||
| Q1 24 | $-51.7M | $331.9M |
自由现金流FWRDRRC
| Q4 25 | — | — | ||
| Q3 25 | $48.6M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $15.7M | — | ||
| Q4 24 | $-30.5M | — | ||
| Q3 24 | $40.7M | — | ||
| Q2 24 | $-59.6M | — | ||
| Q1 24 | $-56.7M | — |
自由现金流率FWRDRRC
| Q4 25 | — | — | ||
| Q3 25 | 7.7% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 2.6% | — | ||
| Q4 24 | -4.8% | — | ||
| Q3 24 | 6.2% | — | ||
| Q2 24 | -9.3% | — | ||
| Q1 24 | -10.5% | — |
资本支出强度FWRDRRC
| Q4 25 | 1.3% | — | ||
| Q3 25 | 0.7% | — | ||
| Q2 25 | 0.8% | — | ||
| Q1 25 | 1.9% | — | ||
| Q4 24 | 1.1% | — | ||
| Q3 24 | 1.6% | — | ||
| Q2 24 | 2.2% | — | ||
| Q1 24 | 0.9% | — |
现金转化率FWRDRRC
| Q4 25 | — | 1.44× | ||
| Q3 25 | — | 1.72× | ||
| Q2 25 | — | 1.42× | ||
| Q1 25 | — | 3.40× | ||
| Q4 24 | — | 2.30× | ||
| Q3 24 | — | 4.85× | ||
| Q2 24 | — | 5.18× | ||
| Q1 24 | — | 3.60× |
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% |
RRC
| Natural Gas Natural Gas Liquids And Oil Sales | $745.5M | 95% |
| Brokered Natural Gas And Marketing | $41.3M | 5% |
