vs
FORWARD AIR CORP（FWRD）与泰瑞达（TER）财务数据对比。点击上方公司名可切换其他公司
泰瑞达的季度营收约是FORWARD AIR CORP的2.0倍（$1.3B vs $631.2M），泰瑞达净利率更高（31.1% vs -4.5%，领先35.6%），泰瑞达同比增速更快（87.0% vs -0.3%），过去两年泰瑞达的营收复合增速更高（32.6% 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。
泰瑞达是总部位于美国马萨诸塞州北雷丁的自动测试设备（ATE）设计及制造企业，在全球半导体测试领域拥有深厚技术积累，服务的知名客户涵盖三星、高通、英特尔、亚德诺、德州仪器、IBM等行业头部企业。
FWRD vs TER — 直观对比
营收规模更大
TER
是对方的2.0倍
$631.2M
营收增速更快
TER
高出87.3%
-0.3%
净利率更高
TER
高出35.6%
-4.5%
两年增速更快
TER
近两年复合增速
7.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $631.2M | $1.3B |
| 净利润 | $-28.3M | $398.9M |
| 毛利率 | — | 60.9% |
| 营业利润率 | -0.5% | 36.9% |
| 净利率 | -4.5% | 31.1% |
| 营收同比 | -0.3% | 87.0% |
| 净利润同比 | 22.2% | — |
| 每股收益（稀释后） | $-0.90 | $2.53 |
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FWRDTER
| Q1 26 | — | $1.3B | ||
| Q4 25 | $631.2M | $1.1B | ||
| Q3 25 | $631.8M | $769.2M | ||
| Q2 25 | $618.8M | $651.8M | ||
| Q1 25 | $613.3M | $685.7M | ||
| Q4 24 | $632.8M | $752.9M | ||
| Q3 24 | $655.9M | $737.3M | ||
| Q2 24 | $643.7M | $729.9M |
净利润FWRDTER
| Q1 26 | — | $398.9M | ||
| Q4 25 | $-28.3M | $257.2M | ||
| Q3 25 | $-16.3M | $119.6M | ||
| Q2 25 | $-12.6M | $78.4M | ||
| Q1 25 | $-50.6M | $98.9M | ||
| Q4 24 | $-36.4M | $146.3M | ||
| Q3 24 | $-73.4M | $145.6M | ||
| Q2 24 | $-645.4M | $186.3M |
毛利率FWRDTER
| Q1 26 | — | 60.9% | ||
| Q4 25 | — | 57.2% | ||
| Q3 25 | — | 58.4% | ||
| Q2 25 | — | 57.2% | ||
| Q1 25 | — | 60.6% | ||
| Q4 24 | — | 59.4% | ||
| Q3 24 | — | 59.2% | ||
| Q2 24 | — | 58.3% |
营业利润率FWRDTER
| Q1 26 | — | 36.9% | ||
| Q4 25 | -0.5% | 27.1% | ||
| Q3 25 | 2.4% | 18.9% | ||
| Q2 25 | 3.2% | 13.9% | ||
| Q1 25 | 0.8% | 17.6% | ||
| Q4 24 | 12.0% | 20.4% | ||
| Q3 24 | 3.5% | 20.6% | ||
| Q2 24 | -170.2% | 28.8% |
净利率FWRDTER
| Q1 26 | — | 31.1% | ||
| Q4 25 | -4.5% | 23.7% | ||
| Q3 25 | -2.6% | 15.5% | ||
| Q2 25 | -2.0% | 12.0% | ||
| Q1 25 | -8.3% | 14.4% | ||
| Q4 24 | -5.8% | 19.4% | ||
| Q3 24 | -11.2% | 19.8% | ||
| Q2 24 | -100.3% | 25.5% |
每股收益（稀释后）FWRDTER
| Q1 26 | — | $2.53 | ||
| Q4 25 | $-0.90 | $1.62 | ||
| Q3 25 | $-0.52 | $0.75 | ||
| Q2 25 | $-0.41 | $0.49 | ||
| Q1 25 | $-1.68 | $0.61 | ||
| Q4 24 | $-1.69 | $0.89 | ||
| Q3 24 | $-2.66 | $0.89 | ||
| Q2 24 | $-23.47 | $1.14 |
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 | $241.9M |
| 总债务越低越好 | $1.7B | $0 |
| 股东权益账面价值 | $113.3M | — |
| 总资产 | $2.7B | $4.4B |
| 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FWRDTER
| Q1 26 | — | $241.9M | ||
| Q4 25 | $106.0M | $293.8M | ||
| Q3 25 | $140.4M | $272.7M | ||
| Q2 25 | $95.1M | $339.3M | ||
| Q1 25 | $116.3M | $475.6M | ||
| Q4 24 | $104.9M | $553.4M | ||
| Q3 24 | $136.6M | $510.0M | ||
| Q2 24 | $84.9M | $421.9M |
总债务FWRDTER
| Q1 26 | — | $0 | ||
| Q4 25 | $1.7B | — | ||
| Q3 25 | $1.7B | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益FWRDTER
| Q1 26 | — | — | ||
| Q4 25 | $113.3M | $2.8B | ||
| Q3 25 | $139.8M | $2.7B | ||
| Q2 25 | $151.8M | $2.8B | ||
| Q1 25 | $154.6M | $2.8B | ||
| Q4 24 | $201.7M | $2.8B | ||
| Q3 24 | $226.1M | $2.9B | ||
| Q2 24 | $283.8M | $2.7B |
总资产FWRDTER
| Q1 26 | — | $4.4B | ||
| Q4 25 | $2.7B | $4.2B | ||
| Q3 25 | $2.8B | $4.0B | ||
| Q2 25 | $2.8B | $3.8B | ||
| Q1 25 | $2.8B | $3.7B | ||
| Q4 24 | $2.8B | $3.7B | ||
| Q3 24 | $3.1B | $3.8B | ||
| Q2 24 | $3.1B | $3.6B |
负债/权益比FWRDTER
| Q1 26 | — | — | ||
| Q4 25 | 14.89× | — | ||
| Q3 25 | 12.05× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | — | $265.1M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | 1.3% | — |
| 现金转化率经营现金流/净利润 | — | 0.66× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流FWRDTER
| Q1 26 | — | $265.1M | ||
| Q4 25 | — | $281.6M | ||
| Q3 25 | $52.7M | $49.0M | ||
| Q2 25 | — | $182.1M | ||
| Q1 25 | $27.6M | $161.6M | ||
| Q4 24 | $-23.2M | $282.6M | ||
| Q3 24 | $51.2M | $166.3M | ||
| Q2 24 | $-45.2M | $216.1M |
自由现金流FWRDTER
| Q1 26 | — | — | ||
| Q4 25 | — | $218.8M | ||
| Q3 25 | $48.6M | $2.4M | ||
| Q2 25 | — | $131.7M | ||
| Q1 25 | $15.7M | $97.6M | ||
| Q4 24 | $-30.5M | $225.2M | ||
| Q3 24 | $40.7M | $114.4M | ||
| Q2 24 | $-59.6M | $171.2M |
自由现金流率FWRDTER
| Q1 26 | — | — | ||
| Q4 25 | — | 20.2% | ||
| Q3 25 | 7.7% | 0.3% | ||
| Q2 25 | — | 20.2% | ||
| Q1 25 | 2.6% | 14.2% | ||
| Q4 24 | -4.8% | 29.9% | ||
| Q3 24 | 6.2% | 15.5% | ||
| Q2 24 | -9.3% | 23.5% |
资本支出强度FWRDTER
| Q1 26 | — | — | ||
| Q4 25 | 1.3% | 5.8% | ||
| Q3 25 | 0.7% | 6.1% | ||
| Q2 25 | 0.8% | 7.7% | ||
| Q1 25 | 1.9% | 9.3% | ||
| Q4 24 | 1.1% | 7.6% | ||
| Q3 24 | 1.6% | 7.0% | ||
| Q2 24 | 2.2% | 6.1% |
现金转化率FWRDTER
| Q1 26 | — | 0.66× | ||
| Q4 25 | — | 1.09× | ||
| Q3 25 | — | 0.41× | ||
| Q2 25 | — | 2.32× | ||
| Q1 25 | — | 1.63× | ||
| Q4 24 | — | 1.93× | ||
| Q3 24 | — | 1.14× | ||
| Q2 24 | — | 1.16× |
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% |
TER
暂无分部数据
