vs
FORWARD AIR CORP（FWRD）与Sylvamo Corp（SLVM）财务数据对比。点击上方公司名可切换其他公司
Sylvamo Corp的季度营收约是FORWARD AIR CORP的1.4倍（$890.0M vs $631.2M），Sylvamo Corp净利率更高（3.7% vs -4.5%，领先8.2%），FORWARD AIR CORP同比增速更快（-0.3% vs -8.2%），过去两年FORWARD AIR CORP的营收复合增速更高（7.9% vs -0.8%）
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。
西尔瓦莫公司是全球领先的可持续纸浆与纸品生产商，核心产品包括非涂布印刷纸、包装纸及商用纸浆，业务覆盖北美、欧洲、拉美地区，服务办公耗材、出版、商业印刷、包装等多个领域。
FWRD vs SLVM — 直观对比
营收规模更大
SLVM
是对方的1.4倍
$631.2M
营收增速更快
FWRD
高出8.0%
-8.2%
净利率更高
SLVM
高出8.2%
-4.5%
两年增速更快
FWRD
近两年复合增速
-0.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $631.2M | $890.0M |
| 净利润 | $-28.3M | $33.0M |
| 毛利率 | — | — |
| 营业利润率 | -0.5% | 8.9% |
| 净利率 | -4.5% | 3.7% |
| 营收同比 | -0.3% | -8.2% |
| 净利润同比 | 22.2% | -59.3% |
| 每股收益（稀释后） | $-0.90 | $0.81 |
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FWRDSLVM
| Q4 25 | $631.2M | $890.0M | ||
| Q3 25 | $631.8M | $846.0M | ||
| Q2 25 | $618.8M | $794.0M | ||
| Q1 25 | $613.3M | $821.0M | ||
| Q4 24 | $632.8M | $970.0M | ||
| Q3 24 | $655.9M | $965.0M | ||
| Q2 24 | $643.7M | $933.0M | ||
| Q1 24 | $541.8M | $905.0M |
净利润FWRDSLVM
| Q4 25 | $-28.3M | $33.0M | ||
| Q3 25 | $-16.3M | $57.0M | ||
| Q2 25 | $-12.6M | $15.0M | ||
| Q1 25 | $-50.6M | $27.0M | ||
| Q4 24 | $-36.4M | $81.0M | ||
| Q3 24 | $-73.4M | $95.0M | ||
| Q2 24 | $-645.4M | $83.0M | ||
| Q1 24 | $-61.7M | $43.0M |
营业利润率FWRDSLVM
| Q4 25 | -0.5% | 8.9% | ||
| Q3 25 | 2.4% | 11.6% | ||
| Q2 25 | 3.2% | 3.8% | ||
| Q1 25 | 0.8% | 5.4% | ||
| Q4 24 | 12.0% | 11.2% | ||
| Q3 24 | 3.5% | 15.5% | ||
| Q2 24 | -170.2% | 13.1% | ||
| Q1 24 | -12.1% | 8.0% |
净利率FWRDSLVM
| Q4 25 | -4.5% | 3.7% | ||
| Q3 25 | -2.6% | 6.7% | ||
| Q2 25 | -2.0% | 1.9% | ||
| Q1 25 | -8.3% | 3.3% | ||
| Q4 24 | -5.8% | 8.4% | ||
| Q3 24 | -11.2% | 9.8% | ||
| Q2 24 | -100.3% | 8.9% | ||
| Q1 24 | -11.4% | 4.8% |
每股收益（稀释后）FWRDSLVM
| Q4 25 | $-0.90 | $0.81 | ||
| Q3 25 | $-0.52 | $1.41 | ||
| Q2 25 | $-0.41 | $0.37 | ||
| Q1 25 | $-1.68 | $0.65 | ||
| Q4 24 | $-1.69 | $1.91 | ||
| Q3 24 | $-2.66 | $2.27 | ||
| Q2 24 | $-23.47 | $1.98 | ||
| Q1 24 | $-2.81 | $1.02 |
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 | $198.0M |
| 总债务越低越好 | $1.7B | $763.0M |
| 股东权益账面价值 | $113.3M | $966.0M |
| 总资产 | $2.7B | $2.8B |
| 负债/权益比越低杠杆越低 | 14.89× | 0.79× |
8季度趋势，按日历期对齐
现金及短期投资FWRDSLVM
| Q4 25 | $106.0M | $198.0M | ||
| Q3 25 | $140.4M | $146.0M | ||
| Q2 25 | $95.1M | $183.0M | ||
| Q1 25 | $116.3M | $220.0M | ||
| Q4 24 | $104.9M | $309.0M | ||
| Q3 24 | $136.6M | $414.0M | ||
| Q2 24 | $84.9M | $213.0M | ||
| Q1 24 | $152.0M | $218.0M |
总债务FWRDSLVM
| Q4 25 | $1.7B | $763.0M | ||
| Q3 25 | $1.7B | $778.0M | ||
| Q2 25 | — | $767.0M | ||
| Q1 25 | — | $794.0M | ||
| Q4 24 | — | $782.0M | ||
| Q3 24 | — | $883.0M | ||
| Q2 24 | — | $894.0M | ||
| Q1 24 | $1.7B | $921.0M |
股东权益FWRDSLVM
| Q4 25 | $113.3M | $966.0M | ||
| Q3 25 | $139.8M | $977.0M | ||
| Q2 25 | $151.8M | $959.0M | ||
| Q1 25 | $154.6M | $908.0M | ||
| Q4 24 | $201.7M | $847.0M | ||
| Q3 24 | $226.1M | $937.0M | ||
| Q2 24 | $283.8M | $830.0M | ||
| Q1 24 | $926.1M | $889.0M |
总资产FWRDSLVM
| Q4 25 | $2.7B | $2.8B | ||
| Q3 25 | $2.8B | $2.7B | ||
| Q2 25 | $2.8B | $2.7B | ||
| Q1 25 | $2.8B | $2.6B | ||
| Q4 24 | $2.8B | $2.6B | ||
| Q3 24 | $3.1B | $2.9B | ||
| Q2 24 | $3.1B | $2.7B | ||
| Q1 24 | $4.0B | $2.6B |
负债/权益比FWRDSLVM
| Q4 25 | 14.89× | 0.79× | ||
| Q3 25 | 12.05× | 0.80× | ||
| Q2 25 | — | 0.80× | ||
| Q1 25 | — | 0.87× | ||
| Q4 24 | — | 0.92× | ||
| Q3 24 | — | 0.94× | ||
| Q2 24 | — | 1.08× | ||
| Q1 24 | 1.81× | 1.04× |
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 | — | $94.0M |
| 自由现金流经营现金流 - 资本支出 | — | $38.0M |
| 自由现金流率自由现金流/营收 | — | 4.3% |
| 资本支出强度资本支出/营收 | 1.3% | 6.3% |
| 现金转化率经营现金流/净利润 | — | 2.85× |
| 过去12个月自由现金流最近4个季度 | — | $44.0M |
8季度趋势，按日历期对齐
经营现金流FWRDSLVM
| Q4 25 | — | $94.0M | ||
| Q3 25 | $52.7M | $87.0M | ||
| Q2 25 | — | $64.0M | ||
| Q1 25 | $27.6M | $23.0M | ||
| Q4 24 | $-23.2M | $164.0M | ||
| Q3 24 | $51.2M | $163.0M | ||
| Q2 24 | $-45.2M | $115.0M | ||
| Q1 24 | $-51.7M | $27.0M |
自由现金流FWRDSLVM
| Q4 25 | — | $38.0M | ||
| Q3 25 | $48.6M | $33.0M | ||
| Q2 25 | — | $-2.0M | ||
| Q1 25 | $15.7M | $-25.0M | ||
| Q4 24 | $-30.5M | $100.0M | ||
| Q3 24 | $40.7M | $119.0M | ||
| Q2 24 | $-59.6M | $62.0M | ||
| Q1 24 | $-56.7M | $-33.0M |
自由现金流率FWRDSLVM
| Q4 25 | — | 4.3% | ||
| Q3 25 | 7.7% | 3.9% | ||
| Q2 25 | — | -0.3% | ||
| Q1 25 | 2.6% | -3.0% | ||
| Q4 24 | -4.8% | 10.3% | ||
| Q3 24 | 6.2% | 12.3% | ||
| Q2 24 | -9.3% | 6.6% | ||
| Q1 24 | -10.5% | -3.6% |
资本支出强度FWRDSLVM
| Q4 25 | 1.3% | 6.3% | ||
| Q3 25 | 0.7% | 6.4% | ||
| Q2 25 | 0.8% | 8.3% | ||
| Q1 25 | 1.9% | 5.8% | ||
| Q4 24 | 1.1% | 6.6% | ||
| Q3 24 | 1.6% | 4.6% | ||
| Q2 24 | 2.2% | 5.7% | ||
| Q1 24 | 0.9% | 6.6% |
现金转化率FWRDSLVM
| Q4 25 | — | 2.85× | ||
| Q3 25 | — | 1.53× | ||
| Q2 25 | — | 4.27× | ||
| Q1 25 | — | 0.85× | ||
| Q4 24 | — | 2.02× | ||
| Q3 24 | — | 1.72× | ||
| Q2 24 | — | 1.39× | ||
| Q1 24 | — | 0.63× |
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% |
SLVM
暂无分部数据
