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FORWARD AIR CORP（FWRD）与StoneX Group Inc.（SNEX）财务数据对比。点击上方公司名可切换其他公司
StoneX Group Inc.的季度营收约是FORWARD AIR CORP的1.9倍（$1.2B vs $631.2M），StoneX Group Inc.净利率更高（11.6% vs -4.5%，领先16.1%），StoneX Group Inc.同比增速更快（81.0% vs -0.3%），过去两年StoneX Group Inc.的营收复合增速更高（53.5% 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。
StoneX集团是美国知名金融服务企业，核心业务覆盖商业套期保值、全球支付、证券、实物大宗商品、外汇，以及清算与执行服务六大板块，可为全球各类客户提供专业合规的多元化金融服务。
FWRD vs SNEX — 直观对比
营收规模更大
SNEX
是对方的1.9倍
$631.2M
营收增速更快
SNEX
高出81.3%
-0.3%
净利率更高
SNEX
高出16.1%
-4.5%
两年增速更快
SNEX
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 | $139.0M |
| 毛利率 | — | — |
| 营业利润率 | -0.5% | 15.4% |
| 净利率 | -4.5% | 11.6% |
| 营收同比 | -0.3% | 81.0% |
| 净利润同比 | 22.2% | 63.3% |
| 每股收益（稀释后） | $-0.90 | $2.50 |
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FWRDSNEX
| Q4 25 | $631.2M | $1.2B | ||
| Q3 25 | $631.8M | $32.7B | ||
| Q2 25 | $618.8M | $851.2M | ||
| Q1 25 | $613.3M | $820.4M | ||
| Q4 24 | $632.8M | $663.1M | ||
| Q3 24 | $655.9M | $31.1B | ||
| Q2 24 | $643.7M | $571.8M | ||
| Q1 24 | $541.8M | $509.2M |
净利润FWRDSNEX
| Q4 25 | $-28.3M | $139.0M | ||
| Q3 25 | $-16.3M | $85.7M | ||
| Q2 25 | $-12.6M | $63.4M | ||
| Q1 25 | $-50.6M | $71.7M | ||
| Q4 24 | $-36.4M | $85.1M | ||
| Q3 24 | $-73.4M | $76.7M | ||
| Q2 24 | $-645.4M | $61.9M | ||
| Q1 24 | $-61.7M | $53.1M |
毛利率FWRDSNEX
| Q4 25 | — | — | ||
| Q3 25 | — | 3.7% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 3.0% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
营业利润率FWRDSNEX
| Q4 25 | -0.5% | 15.4% | ||
| Q3 25 | 2.4% | 0.3% | ||
| Q2 25 | 3.2% | -1.3% | ||
| Q1 25 | 0.8% | -1.0% | ||
| Q4 24 | 12.0% | -3.2% | ||
| Q3 24 | 3.5% | -0.0% | ||
| Q2 24 | -170.2% | -4.7% | ||
| Q1 24 | -12.1% | -2.5% |
净利率FWRDSNEX
| Q4 25 | -4.5% | 11.6% | ||
| Q3 25 | -2.6% | 0.3% | ||
| Q2 25 | -2.0% | 7.4% | ||
| Q1 25 | -8.3% | 8.7% | ||
| Q4 24 | -5.8% | 12.8% | ||
| Q3 24 | -11.2% | 0.2% | ||
| Q2 24 | -100.3% | 10.8% | ||
| Q1 24 | -11.4% | 10.4% |
每股收益（稀释后）FWRDSNEX
| Q4 25 | $-0.90 | $2.50 | ||
| Q3 25 | $-0.52 | $0.72 | ||
| Q2 25 | $-0.41 | $1.22 | ||
| Q1 25 | $-1.68 | $1.41 | ||
| Q4 24 | $-1.69 | $1.69 | ||
| Q3 24 | $-2.66 | $2.32 | ||
| Q2 24 | $-23.47 | $1.25 | ||
| Q1 24 | $-2.81 | $1.09 |
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 | $1.6B |
| 总债务越低越好 | $1.7B | — |
| 股东权益账面价值 | $113.3M | $2.5B |
| 总资产 | $2.7B | $47.8B |
| 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FWRDSNEX
| Q4 25 | $106.0M | $1.6B | ||
| Q3 25 | $140.4M | $1.6B | ||
| Q2 25 | $95.1M | $1.3B | ||
| Q1 25 | $116.3M | $1.3B | ||
| Q4 24 | $104.9M | $1.4B | ||
| Q3 24 | $136.6M | $1.3B | ||
| Q2 24 | $84.9M | $1.2B | ||
| Q1 24 | $152.0M | $1.3B |
总债务FWRDSNEX
| Q4 25 | $1.7B | — | ||
| Q3 25 | $1.7B | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $1.7B | — |
股东权益FWRDSNEX
| Q4 25 | $113.3M | $2.5B | ||
| Q3 25 | $139.8M | $2.4B | ||
| Q2 25 | $151.8M | $2.0B | ||
| Q1 25 | $154.6M | $1.9B | ||
| Q4 24 | $201.7M | $1.8B | ||
| Q3 24 | $226.1M | $1.7B | ||
| Q2 24 | $283.8M | $1.6B | ||
| Q1 24 | $926.1M | $1.5B |
总资产FWRDSNEX
| Q4 25 | $2.7B | $47.8B | ||
| Q3 25 | $2.8B | $45.3B | ||
| Q2 25 | $2.8B | $34.3B | ||
| Q1 25 | $2.8B | $31.3B | ||
| Q4 24 | $2.8B | $29.6B | ||
| Q3 24 | $3.1B | $27.5B | ||
| Q2 24 | $3.1B | $25.9B | ||
| Q1 24 | $4.0B | $25.7B |
负债/权益比FWRDSNEX
| Q4 25 | 14.89× | — | ||
| Q3 25 | 12.05× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 1.81× | — |
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 | — | $-1.3B |
| 自由现金流经营现金流 - 资本支出 | — | $-1.3B |
| 自由现金流率自由现金流/营收 | — | -106.4% |
| 资本支出强度资本支出/营收 | 1.3% | 1.3% |
| 现金转化率经营现金流/净利润 | — | -9.08× |
| 过去12个月自由现金流最近4个季度 | — | $3.5B |
8季度趋势，按日历期对齐
经营现金流FWRDSNEX
| Q4 25 | — | $-1.3B | ||
| Q3 25 | $52.7M | $3.5B | ||
| Q2 25 | — | $1.5B | ||
| Q1 25 | $27.6M | $-154.5M | ||
| Q4 24 | $-23.2M | $-477.8M | ||
| Q3 24 | $51.2M | $192.6M | ||
| Q2 24 | $-45.2M | $-622.1M | ||
| Q1 24 | $-51.7M | $784.0M |
自由现金流FWRDSNEX
| Q4 25 | — | $-1.3B | ||
| Q3 25 | $48.6M | $3.5B | ||
| Q2 25 | — | $1.5B | ||
| Q1 25 | $15.7M | $-169.8M | ||
| Q4 24 | $-30.5M | $-491.4M | ||
| Q3 24 | $40.7M | $175.9M | ||
| Q2 24 | $-59.6M | $-640.5M | ||
| Q1 24 | $-56.7M | $766.6M |
自由现金流率FWRDSNEX
| Q4 25 | — | -106.4% | ||
| Q3 25 | 7.7% | 10.7% | ||
| Q2 25 | — | 173.3% | ||
| Q1 25 | 2.6% | -20.7% | ||
| Q4 24 | -4.8% | -74.1% | ||
| Q3 24 | 6.2% | 0.6% | ||
| Q2 24 | -9.3% | -112.0% | ||
| Q1 24 | -10.5% | 150.5% |
资本支出强度FWRDSNEX
| Q4 25 | 1.3% | 1.3% | ||
| Q3 25 | 0.7% | 0.1% | ||
| Q2 25 | 0.8% | 1.9% | ||
| Q1 25 | 1.9% | 1.9% | ||
| Q4 24 | 1.1% | 2.1% | ||
| Q3 24 | 1.6% | 0.1% | ||
| Q2 24 | 2.2% | 3.2% | ||
| Q1 24 | 0.9% | 3.4% |
现金转化率FWRDSNEX
| Q4 25 | — | -9.08× | ||
| Q3 25 | — | 41.18× | ||
| Q2 25 | — | 23.52× | ||
| Q1 25 | — | -2.15× | ||
| Q4 24 | — | -5.61× | ||
| Q3 24 | — | 2.51× | ||
| Q2 24 | — | -10.05× | ||
| Q1 24 | — | 14.76× |
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% |
SNEX
暂无分部数据
