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FORWARD AIR CORP（FWRD）与全食超市（SMPL）财务数据对比。点击上方公司名可切换其他公司
FORWARD AIR CORP的季度营收约是全食超市的1.9倍（$631.2M vs $340.2M），全食超市净利率更高（7.4% vs -4.5%，领先11.9%），FORWARD AIR CORP同比增速更快（-0.3% vs -0.3%），过去两年FORWARD AIR CORP的营收复合增速更高（7.9% vs 3.0%）
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。
全食超市是总部位于美国得克萨斯州奥斯汀的跨国连锁超市，现为亚马逊全资旗下品牌。门店主打无氢化脂肪、人工色素、人工香精、防腐剂的天然食品，是美国农业部认证的有机食品零售商，以丰富的有机商品选择深受消费者欢迎。
FWRD vs SMPL — 直观对比
营收规模更大
FWRD
是对方的1.9倍
$340.2M
营收增速更快
FWRD
高出0.1%
-0.3%
净利率更高
SMPL
高出11.9%
-4.5%
两年增速更快
FWRD
近两年复合增速
3.0%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $631.2M | $340.2M |
| 净利润 | $-28.3M | $25.3M |
| 毛利率 | — | 32.3% |
| 营业利润率 | -0.5% | 11.0% |
| 净利率 | -4.5% | 7.4% |
| 营收同比 | -0.3% | -0.3% |
| 净利润同比 | 22.2% | -33.7% |
| 每股收益（稀释后） | $-0.90 | $0.26 |
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FWRDSMPL
| Q4 25 | $631.2M | $340.2M | ||
| Q3 25 | $631.8M | — | ||
| Q2 25 | $618.8M | $381.0M | ||
| Q1 25 | $613.3M | — | ||
| Q4 24 | $632.8M | $341.3M | ||
| Q3 24 | $655.9M | $375.7M | ||
| Q2 24 | $643.7M | $334.8M | ||
| Q1 24 | $541.8M | $312.2M |
净利润FWRDSMPL
| Q4 25 | $-28.3M | $25.3M | ||
| Q3 25 | $-16.3M | — | ||
| Q2 25 | $-12.6M | $41.1M | ||
| Q1 25 | $-50.6M | — | ||
| Q4 24 | $-36.4M | $38.1M | ||
| Q3 24 | $-73.4M | $29.3M | ||
| Q2 24 | $-645.4M | $41.3M | ||
| Q1 24 | $-61.7M | $33.1M |
毛利率FWRDSMPL
| Q4 25 | — | 32.3% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 36.4% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 38.2% | ||
| Q3 24 | — | 38.8% | ||
| Q2 24 | — | 39.9% | ||
| Q1 24 | — | 37.4% |
营业利润率FWRDSMPL
| Q4 25 | -0.5% | 11.0% | ||
| Q3 25 | 2.4% | — | ||
| Q2 25 | 3.2% | 15.6% | ||
| Q1 25 | 0.8% | — | ||
| Q4 24 | 12.0% | 16.0% | ||
| Q3 24 | 3.5% | 12.7% | ||
| Q2 24 | -170.2% | 17.6% | ||
| Q1 24 | -12.1% | 15.4% |
净利率FWRDSMPL
| Q4 25 | -4.5% | 7.4% | ||
| Q3 25 | -2.6% | — | ||
| Q2 25 | -2.0% | 10.8% | ||
| Q1 25 | -8.3% | — | ||
| Q4 24 | -5.8% | 11.2% | ||
| Q3 24 | -11.2% | 7.8% | ||
| Q2 24 | -100.3% | 12.3% | ||
| Q1 24 | -11.4% | 10.6% |
每股收益（稀释后）FWRDSMPL
| Q4 25 | $-0.90 | $0.26 | ||
| Q3 25 | $-0.52 | — | ||
| Q2 25 | $-0.41 | $0.40 | ||
| Q1 25 | $-1.68 | — | ||
| Q4 24 | $-1.69 | $0.38 | ||
| Q3 24 | $-2.66 | $0.29 | ||
| Q2 24 | $-23.47 | $0.41 | ||
| Q1 24 | $-2.81 | $0.33 |
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 | $194.1M |
| 总债务越低越好 | $1.7B | — |
| 股东权益账面价值 | $113.3M | $1.7B |
| 总资产 | $2.7B | $2.5B |
| 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FWRDSMPL
| Q4 25 | $106.0M | $194.1M | ||
| Q3 25 | $140.4M | — | ||
| Q2 25 | $95.1M | $98.0M | ||
| Q1 25 | $116.3M | — | ||
| Q4 24 | $104.9M | $121.8M | ||
| Q3 24 | $136.6M | $132.5M | ||
| Q2 24 | $84.9M | $208.7M | ||
| Q1 24 | $152.0M | $135.9M |
总债务FWRDSMPL
| Q4 25 | $1.7B | — | ||
| Q3 25 | $1.7B | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $397.5M | ||
| Q2 24 | — | $237.7M | ||
| Q1 24 | $1.7B | $237.7M |
股东权益FWRDSMPL
| Q4 25 | $113.3M | $1.7B | ||
| Q3 25 | $139.8M | — | ||
| Q2 25 | $151.8M | $1.8B | ||
| Q1 25 | $154.6M | — | ||
| Q4 24 | $201.7M | $1.8B | ||
| Q3 24 | $226.1M | $1.7B | ||
| Q2 24 | $283.8M | $1.7B | ||
| Q1 24 | $926.1M | $1.6B |
总资产FWRDSMPL
| Q4 25 | $2.7B | $2.5B | ||
| Q3 25 | $2.8B | — | ||
| Q2 25 | $2.8B | $2.4B | ||
| Q1 25 | $2.8B | — | ||
| Q4 24 | $2.8B | $2.4B | ||
| Q3 24 | $3.1B | $2.4B | ||
| Q2 24 | $3.1B | $2.2B | ||
| Q1 24 | $4.0B | $2.1B |
负债/权益比FWRDSMPL
| Q4 25 | 14.89× | — | ||
| Q3 25 | 12.05× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.23× | ||
| Q2 24 | — | 0.14× | ||
| Q1 24 | 1.81× | 0.14× |
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 | — | $50.1M |
| 自由现金流经营现金流 - 资本支出 | — | $48.0M |
| 自由现金流率自由现金流/营收 | — | 14.1% |
| 资本支出强度资本支出/营收 | 1.3% | 0.6% |
| 现金转化率经营现金流/净利润 | — | 1.98× |
| 过去12个月自由现金流最近4个季度 | — | $223.6M |
8季度趋势，按日历期对齐
经营现金流FWRDSMPL
| Q4 25 | — | $50.1M | ||
| Q3 25 | $52.7M | — | ||
| Q2 25 | — | $101.1M | ||
| Q1 25 | $27.6M | — | ||
| Q4 24 | $-23.2M | $32.0M | ||
| Q3 24 | $51.2M | $48.9M | ||
| Q2 24 | $-45.2M | $72.8M | ||
| Q1 24 | $-51.7M | $46.5M |
自由现金流FWRDSMPL
| Q4 25 | — | $48.0M | ||
| Q3 25 | $48.6M | — | ||
| Q2 25 | — | $98.9M | ||
| Q1 25 | $15.7M | — | ||
| Q4 24 | $-30.5M | $31.7M | ||
| Q3 24 | $40.7M | $45.0M | ||
| Q2 24 | $-59.6M | $72.0M | ||
| Q1 24 | $-56.7M | $46.1M |
自由现金流率FWRDSMPL
| Q4 25 | — | 14.1% | ||
| Q3 25 | 7.7% | — | ||
| Q2 25 | — | 25.9% | ||
| Q1 25 | 2.6% | — | ||
| Q4 24 | -4.8% | 9.3% | ||
| Q3 24 | 6.2% | 12.0% | ||
| Q2 24 | -9.3% | 21.5% | ||
| Q1 24 | -10.5% | 14.8% |
资本支出强度FWRDSMPL
| Q4 25 | 1.3% | 0.6% | ||
| Q3 25 | 0.7% | — | ||
| Q2 25 | 0.8% | 0.6% | ||
| Q1 25 | 1.9% | — | ||
| Q4 24 | 1.1% | 0.1% | ||
| Q3 24 | 1.6% | 1.0% | ||
| Q2 24 | 2.2% | 0.2% | ||
| Q1 24 | 0.9% | 0.1% |
现金转化率FWRDSMPL
| Q4 25 | — | 1.98× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 2.46× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.84× | ||
| Q3 24 | — | 1.67× | ||
| Q2 24 | — | 1.76× | ||
| Q1 24 | — | 1.40× |
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% |
SMPL
| Quest | $211.4M | 62% |
| Atkins Domain | $79.7M | 23% |
| OWYN | $28.1M | 8% |
| Other | $20.9M | 6% |
