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FORWARD AIR CORP（FWRD）与SLM Corp（SLM）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SLM Corp的1.1倍（$631.2M vs $560.0M），SLM Corp净利率更高（55.0% vs -4.5%，领先59.5%），过去两年SLM Corp的营收复合增速更高（22.7% 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。
尼康旗下SLM Solutions AG总部位于德国吕贝克，是金属3D打印机领域的上市生产商，共同拥有SLM文字商标，集团股份自2014年5月9日起在法兰克福证券交易所高级市场板块挂牌交易。
FWRD vs SLM — 直观对比
营收规模更大
FWRD
是对方的1.1倍
$560.0M
净利率更高
SLM
高出59.5%
-4.5%
两年增速更快
SLM
近两年复合增速
7.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $631.2M | $560.0M |
| 净利润 | $-28.3M | $308.0M |
| 毛利率 | — | — |
| 营业利润率 | -0.5% | 69.6% |
| 净利率 | -4.5% | 55.0% |
| 营收同比 | -0.3% | — |
| 净利润同比 | 22.2% | 1.0% |
| 每股收益（稀释后） | $-0.90 | $1.54 |
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FWRDSLM
| Q1 26 | — | $560.0M | ||
| Q4 25 | $631.2M | $377.1M | ||
| Q3 25 | $631.8M | $373.0M | ||
| Q2 25 | $618.8M | $376.8M | ||
| Q1 25 | $613.3M | $375.0M | ||
| Q4 24 | $632.8M | $362.2M | ||
| Q3 24 | $655.9M | $359.4M | ||
| Q2 24 | $643.7M | $372.2M |
净利润FWRDSLM
| Q1 26 | — | $308.0M | ||
| Q4 25 | $-28.3M | $233.2M | ||
| Q3 25 | $-16.3M | $135.8M | ||
| Q2 25 | $-12.6M | $71.3M | ||
| Q1 25 | $-50.6M | $304.5M | ||
| Q4 24 | $-36.4M | $111.6M | ||
| Q3 24 | $-73.4M | $-45.2M | ||
| Q2 24 | $-645.4M | $252.0M |
营业利润率FWRDSLM
| Q1 26 | — | 69.6% | ||
| Q4 25 | -0.5% | 83.8% | ||
| Q3 25 | 2.4% | 49.8% | ||
| Q2 25 | 3.2% | 23.3% | ||
| Q1 25 | 0.8% | — | ||
| Q4 24 | 12.0% | 36.5% | ||
| Q3 24 | 3.5% | -16.6% | ||
| Q2 24 | -170.2% | 91.0% |
净利率FWRDSLM
| Q1 26 | — | 55.0% | ||
| Q4 25 | -4.5% | 61.8% | ||
| Q3 25 | -2.6% | 36.4% | ||
| Q2 25 | -2.0% | 18.9% | ||
| Q1 25 | -8.3% | 81.2% | ||
| Q4 24 | -5.8% | 30.8% | ||
| Q3 24 | -11.2% | -12.6% | ||
| Q2 24 | -100.3% | 67.7% |
每股收益（稀释后）FWRDSLM
| Q1 26 | — | $1.54 | ||
| Q4 25 | $-0.90 | $1.11 | ||
| Q3 25 | $-0.52 | $0.63 | ||
| Q2 25 | $-0.41 | $0.32 | ||
| Q1 25 | $-1.68 | $1.40 | ||
| Q4 24 | $-1.69 | $0.53 | ||
| Q3 24 | $-2.66 | $-0.23 | ||
| Q2 24 | $-23.47 | $1.11 |
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 | $5.2B |
| 总债务越低越好 | $1.7B | $6.2B |
| 股东权益账面价值 | $113.3M | $2.4B |
| 总资产 | $2.7B | $29.4B |
| 负债/权益比越低杠杆越低 | 14.89× | 2.53× |
8季度趋势，按日历期对齐
现金及短期投资FWRDSLM
| Q1 26 | — | $5.2B | ||
| Q4 25 | $106.0M | $4.2B | ||
| Q3 25 | $140.4M | $3.5B | ||
| Q2 25 | $95.1M | $4.1B | ||
| Q1 25 | $116.3M | $3.7B | ||
| Q4 24 | $104.9M | $4.7B | ||
| Q3 24 | $136.6M | $4.5B | ||
| Q2 24 | $84.9M | $5.3B |
总债务FWRDSLM
| Q1 26 | — | $6.2B | ||
| Q4 25 | $1.7B | $5.4B | ||
| Q3 25 | $1.7B | $6.8B | ||
| Q2 25 | — | $6.4B | ||
| Q1 25 | — | $6.1B | ||
| Q4 24 | — | $6.4B | ||
| Q3 24 | — | $6.0B | ||
| Q2 24 | — | $5.4B |
股东权益FWRDSLM
| Q1 26 | — | $2.4B | ||
| Q4 25 | $113.3M | $2.5B | ||
| Q3 25 | $139.8M | $2.3B | ||
| Q2 25 | $151.8M | $2.4B | ||
| Q1 25 | $154.6M | $2.4B | ||
| Q4 24 | $201.7M | $2.2B | ||
| Q3 24 | $226.1M | $2.1B | ||
| Q2 24 | $283.8M | $2.3B |
总资产FWRDSLM
| Q1 26 | — | $29.4B | ||
| Q4 25 | $2.7B | $29.7B | ||
| Q3 25 | $2.8B | $29.6B | ||
| Q2 25 | $2.8B | $29.6B | ||
| Q1 25 | $2.8B | $28.9B | ||
| Q4 24 | $2.8B | $30.1B | ||
| Q3 24 | $3.1B | $30.0B | ||
| Q2 24 | $3.1B | $28.8B |
负债/权益比FWRDSLM
| Q1 26 | — | 2.53× | ||
| Q4 25 | 14.89× | 2.19× | ||
| Q3 25 | 12.05× | 2.92× | ||
| Q2 25 | — | 2.70× | ||
| Q1 25 | — | 2.56× | ||
| Q4 24 | — | 2.98× | ||
| Q3 24 | — | 2.83× | ||
| Q2 24 | — | 2.37× |
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% |
SLM
| Net Interest Income | $375.0M | 67% |
| Noninterest Income | $185.0M | 33% |
