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FORWARD AIR CORP（FWRD）与TERADATA CORP（TDC）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TERADATA CORP的1.5倍（$631.2M vs $421.0M），TERADATA CORP净利率更高（8.8% vs -4.5%，领先13.3%），TERADATA CORP同比增速更快（2.9% vs -0.3%），过去两年FORWARD AIR CORP的营收复合增速更高（7.9% vs -4.8%）
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。
Teradata是全球知名的企业级软件与数据分析服务商，提供云原生数据平台、高级分析工具及专业咨询服务，服务金融、零售、电信、医疗等行业的大型企业客户，助力客户整合海量数据，实现数据驱动的业务决策。
FWRD vs TDC — 直观对比
营收规模更大
FWRD
是对方的1.5倍
$421.0M
营收增速更快
TDC
高出3.2%
-0.3%
净利率更高
TDC
高出13.3%
-4.5%
两年增速更快
FWRD
近两年复合增速
-4.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $631.2M | $421.0M |
| 净利润 | $-28.3M | $37.0M |
| 毛利率 | — | 60.8% |
| 营业利润率 | -0.5% | 12.8% |
| 净利率 | -4.5% | 8.8% |
| 营收同比 | -0.3% | 2.9% |
| 净利润同比 | 22.2% | 48.0% |
| 每股收益（稀释后） | $-0.90 | $0.39 |
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FWRDTDC
| Q4 25 | $631.2M | $421.0M | ||
| Q3 25 | $631.8M | $416.0M | ||
| Q2 25 | $618.8M | $408.0M | ||
| Q1 25 | $613.3M | $418.0M | ||
| Q4 24 | $632.8M | $409.0M | ||
| Q3 24 | $655.9M | $440.0M | ||
| Q2 24 | $643.7M | $436.0M | ||
| Q1 24 | $541.8M | $465.0M |
净利润FWRDTDC
| Q4 25 | $-28.3M | $37.0M | ||
| Q3 25 | $-16.3M | $40.0M | ||
| Q2 25 | $-12.6M | $9.0M | ||
| Q1 25 | $-50.6M | $44.0M | ||
| Q4 24 | $-36.4M | $25.0M | ||
| Q3 24 | $-73.4M | $32.0M | ||
| Q2 24 | $-645.4M | $37.0M | ||
| Q1 24 | $-61.7M | $20.0M |
毛利率FWRDTDC
| Q4 25 | — | 60.8% | ||
| Q3 25 | — | 60.8% | ||
| Q2 25 | — | 56.4% | ||
| Q1 25 | — | 59.3% | ||
| Q4 24 | — | 59.4% | ||
| Q3 24 | — | 60.5% | ||
| Q2 24 | — | 60.8% | ||
| Q1 24 | — | 61.1% |
营业利润率FWRDTDC
| Q4 25 | -0.5% | 12.8% | ||
| Q3 25 | 2.4% | 14.7% | ||
| Q2 25 | 3.2% | 5.9% | ||
| Q1 25 | 0.8% | 15.8% | ||
| Q4 24 | 12.0% | 9.5% | ||
| Q3 24 | 3.5% | 12.7% | ||
| Q2 24 | -170.2% | 15.1% | ||
| Q1 24 | -12.1% | 10.3% |
净利率FWRDTDC
| Q4 25 | -4.5% | 8.8% | ||
| Q3 25 | -2.6% | 9.6% | ||
| Q2 25 | -2.0% | 2.2% | ||
| Q1 25 | -8.3% | 10.5% | ||
| Q4 24 | -5.8% | 6.1% | ||
| Q3 24 | -11.2% | 7.3% | ||
| Q2 24 | -100.3% | 8.5% | ||
| Q1 24 | -11.4% | 4.3% |
每股收益（稀释后）FWRDTDC
| Q4 25 | $-0.90 | $0.39 | ||
| Q3 25 | $-0.52 | $0.42 | ||
| Q2 25 | $-0.41 | $0.09 | ||
| Q1 25 | $-1.68 | $0.45 | ||
| Q4 24 | $-1.69 | $0.25 | ||
| Q3 24 | $-2.66 | $0.33 | ||
| Q2 24 | $-23.47 | $0.38 | ||
| Q1 24 | $-2.81 | $0.20 |
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 | $493.0M |
| 总债务越低越好 | $1.7B | — |
| 股东权益账面价值 | $113.3M | $230.0M |
| 总资产 | $2.7B | $1.8B |
| 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FWRDTDC
| Q4 25 | $106.0M | $493.0M | ||
| Q3 25 | $140.4M | $406.0M | ||
| Q2 25 | $95.1M | $369.0M | ||
| Q1 25 | $116.3M | $368.0M | ||
| Q4 24 | $104.9M | $420.0M | ||
| Q3 24 | $136.6M | $348.0M | ||
| Q2 24 | $84.9M | $301.0M | ||
| Q1 24 | $152.0M | $337.0M |
总债务FWRDTDC
| 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FWRDTDC
| Q4 25 | $113.3M | $230.0M | ||
| Q3 25 | $139.8M | $219.0M | ||
| Q2 25 | $151.8M | $176.0M | ||
| Q1 25 | $154.6M | $158.0M | ||
| Q4 24 | $201.7M | $133.0M | ||
| Q3 24 | $226.1M | $125.0M | ||
| Q2 24 | $283.8M | $75.0M | ||
| Q1 24 | $926.1M | $54.0M |
总资产FWRDTDC
| Q4 25 | $2.7B | $1.8B | ||
| Q3 25 | $2.8B | $1.8B | ||
| Q2 25 | $2.8B | $1.7B | ||
| Q1 25 | $2.8B | $1.8B | ||
| Q4 24 | $2.8B | $1.7B | ||
| Q3 24 | $3.1B | $1.7B | ||
| Q2 24 | $3.1B | $1.6B | ||
| Q1 24 | $4.0B | $1.7B |
负债/权益比FWRDTDC
| 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 | — | $160.0M |
| 自由现金流经营现金流 - 资本支出 | — | $151.0M |
| 自由现金流率自由现金流/营收 | — | 35.9% |
| 资本支出强度资本支出/营收 | 1.3% | 2.1% |
| 现金转化率经营现金流/净利润 | — | 4.32× |
| 过去12个月自由现金流最近4个季度 | — | $286.0M |
8季度趋势，按日历期对齐
经营现金流FWRDTDC
| Q4 25 | — | $160.0M | ||
| Q3 25 | $52.7M | $94.0M | ||
| Q2 25 | — | $43.0M | ||
| Q1 25 | $27.6M | $8.0M | ||
| Q4 24 | $-23.2M | $156.0M | ||
| Q3 24 | $51.2M | $77.0M | ||
| Q2 24 | $-45.2M | $43.0M | ||
| Q1 24 | $-51.7M | $27.0M |
自由现金流FWRDTDC
| Q4 25 | — | $151.0M | ||
| Q3 25 | $48.6M | $89.0M | ||
| Q2 25 | — | $39.0M | ||
| Q1 25 | $15.7M | $7.0M | ||
| Q4 24 | $-30.5M | $149.0M | ||
| Q3 24 | $40.7M | $69.0M | ||
| Q2 24 | $-59.6M | $40.0M | ||
| Q1 24 | $-56.7M | $21.0M |
自由现金流率FWRDTDC
| Q4 25 | — | 35.9% | ||
| Q3 25 | 7.7% | 21.4% | ||
| Q2 25 | — | 9.6% | ||
| Q1 25 | 2.6% | 1.7% | ||
| Q4 24 | -4.8% | 36.4% | ||
| Q3 24 | 6.2% | 15.7% | ||
| Q2 24 | -9.3% | 9.2% | ||
| Q1 24 | -10.5% | 4.5% |
资本支出强度FWRDTDC
| Q4 25 | 1.3% | 2.1% | ||
| Q3 25 | 0.7% | 1.2% | ||
| Q2 25 | 0.8% | 1.0% | ||
| Q1 25 | 1.9% | 0.2% | ||
| Q4 24 | 1.1% | 1.7% | ||
| Q3 24 | 1.6% | 1.8% | ||
| Q2 24 | 2.2% | 0.7% | ||
| Q1 24 | 0.9% | 1.3% |
现金转化率FWRDTDC
| Q4 25 | — | 4.32× | ||
| Q3 25 | — | 2.35× | ||
| Q2 25 | — | 4.78× | ||
| Q1 25 | — | 0.18× | ||
| Q4 24 | — | 6.24× | ||
| Q3 24 | — | 2.41× | ||
| Q2 24 | — | 1.16× | ||
| Q1 24 | — | 1.35× |
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% |
TDC
| Services And Other Recurring | $302.0M | 72% |
| Subscription Software License Recurring | $65.0M | 15% |
| Consulting Services Segment | $53.0M | 13% |
| Software And Hardware Perpetual | $1.0M | 0% |
