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FORWARD AIR CORP（FWRD）与Walker & Dunlop, Inc.（WD）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Walker & Dunlop, Inc.的1.9倍（$631.2M vs $340.0M），FORWARD AIR CORP净利率更高（-4.5% vs -12.9%，领先8.4%），FORWARD AIR CORP同比增速更快（-0.3% vs -0.4%），过去两年Walker & Dunlop, Inc.的营收复合增速更高（22.1% 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。
Walker & Dunlop, Inc.是美国乃至全球规模领先的商业地产金融与咨询服务机构，为客户提供覆盖商业地产领域的多元金融解决方案及专业咨询服务，业务辐射全球多个市场，在行业内拥有深厚的资源积累与广泛的市场认可度。
FWRD vs WD — 直观对比
营收规模更大
FWRD
是对方的1.9倍
$340.0M
营收增速更快
FWRD
高出0.2%
-0.4%
净利率更高
FWRD
高出8.4%
-12.9%
两年增速更快
WD
近两年复合增速
7.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $631.2M | $340.0M |
| 净利润 | $-28.3M | $-13.9M |
| 毛利率 | — | — |
| 营业利润率 | -0.5% | -17.2% |
| 净利率 | -4.5% | -12.9% |
| 营收同比 | -0.3% | -0.4% |
| 净利润同比 | 22.2% | -131.0% |
| 每股收益（稀释后） | $-0.90 | $-0.41 |
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FWRDWD
| Q4 25 | $631.2M | $340.0M | ||
| Q3 25 | $631.8M | $337.7M | ||
| Q2 25 | $618.8M | $319.2M | ||
| Q1 25 | $613.3M | $237.4M | ||
| Q4 24 | $632.8M | $341.5M | ||
| Q3 24 | $655.9M | $292.3M | ||
| Q2 24 | $643.7M | $270.7M | ||
| Q1 24 | $541.8M | $228.1M |
净利润FWRDWD
| Q4 25 | $-28.3M | $-13.9M | ||
| Q3 25 | $-16.3M | $33.5M | ||
| Q2 25 | $-12.6M | $34.0M | ||
| Q1 25 | $-50.6M | $2.8M | ||
| Q4 24 | $-36.4M | $44.8M | ||
| Q3 24 | $-73.4M | $28.8M | ||
| Q2 24 | $-645.4M | $22.7M | ||
| Q1 24 | $-61.7M | $11.9M |
营业利润率FWRDWD
| Q4 25 | -0.5% | -17.2% | ||
| Q3 25 | 2.4% | 13.6% | ||
| Q2 25 | 3.2% | 14.5% | ||
| Q1 25 | 0.8% | 2.2% | ||
| Q4 24 | 12.0% | 15.3% | ||
| Q3 24 | 3.5% | 12.8% | ||
| Q2 24 | -170.2% | 10.4% | ||
| Q1 24 | -12.1% | 6.0% |
净利率FWRDWD
| Q4 25 | -4.5% | -12.9% | ||
| Q3 25 | -2.6% | 9.9% | ||
| Q2 25 | -2.0% | 10.6% | ||
| Q1 25 | -8.3% | 1.2% | ||
| Q4 24 | -5.8% | 13.1% | ||
| Q3 24 | -11.2% | 9.9% | ||
| Q2 24 | -100.3% | 8.4% | ||
| Q1 24 | -11.4% | 5.2% |
每股收益（稀释后）FWRDWD
| Q4 25 | $-0.90 | $-0.41 | ||
| Q3 25 | $-0.52 | $0.98 | ||
| Q2 25 | $-0.41 | $0.99 | ||
| Q1 25 | $-1.68 | $0.08 | ||
| Q4 24 | $-1.69 | $1.32 | ||
| Q3 24 | $-2.66 | $0.85 | ||
| Q2 24 | $-23.47 | $0.67 | ||
| Q1 24 | $-2.81 | $0.35 |
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 | $299.3M |
| 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 | $5.1B |
| 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FWRDWD
| Q4 25 | $106.0M | $299.3M | ||
| Q3 25 | $140.4M | $274.8M | ||
| Q2 25 | $95.1M | $233.7M | ||
| Q1 25 | $116.3M | $181.0M | ||
| Q4 24 | $104.9M | $279.3M | ||
| Q3 24 | $136.6M | $179.8M | ||
| Q2 24 | $84.9M | $208.1M | ||
| Q1 24 | $152.0M | $216.5M |
总债务FWRDWD
| 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FWRDWD
| Q4 25 | $113.3M | $1.7B | ||
| Q3 25 | $139.8M | $1.8B | ||
| Q2 25 | $151.8M | $1.8B | ||
| Q1 25 | $154.6M | $1.7B | ||
| Q4 24 | $201.7M | $1.7B | ||
| Q3 24 | $226.1M | $1.7B | ||
| Q2 24 | $283.8M | $1.7B | ||
| Q1 24 | $926.1M | $1.7B |
总资产FWRDWD
| Q4 25 | $2.7B | $5.1B | ||
| Q3 25 | $2.8B | $5.8B | ||
| Q2 25 | $2.8B | $4.7B | ||
| Q1 25 | $2.8B | $4.5B | ||
| Q4 24 | $2.8B | $4.4B | ||
| Q3 24 | $3.1B | $4.6B | ||
| Q2 24 | $3.1B | $4.2B | ||
| Q1 24 | $4.0B | $3.8B |
负债/权益比FWRDWD
| 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 | — | $-664.3M |
| 自由现金流经营现金流 - 资本支出 | — | $-680.1M |
| 自由现金流率自由现金流/营收 | — | -200.0% |
| 资本支出强度资本支出/营收 | 1.3% | 4.6% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | — | $-2.2B |
8季度趋势，按日历期对齐
经营现金流FWRDWD
| Q4 25 | — | $-664.3M | ||
| Q3 25 | $52.7M | $-948.1M | ||
| Q2 25 | — | $-238.5M | ||
| Q1 25 | $27.6M | $-281.1M | ||
| Q4 24 | $-23.2M | $129.4M | ||
| Q3 24 | $51.2M | $-202.0M | ||
| Q2 24 | $-45.2M | $-237.8M | ||
| Q1 24 | $-51.7M | $38.4M |
自由现金流FWRDWD
| Q4 25 | — | $-680.1M | ||
| Q3 25 | $48.6M | $-950.4M | ||
| Q2 25 | — | $-241.0M | ||
| Q1 25 | $15.7M | $-284.7M | ||
| Q4 24 | $-30.5M | $116.4M | ||
| Q3 24 | $40.7M | $-204.0M | ||
| Q2 24 | $-59.6M | $-241.7M | ||
| Q1 24 | $-56.7M | $35.2M |
自由现金流率FWRDWD
| Q4 25 | — | -200.0% | ||
| Q3 25 | 7.7% | -281.5% | ||
| Q2 25 | — | -75.5% | ||
| Q1 25 | 2.6% | -120.0% | ||
| Q4 24 | -4.8% | 34.1% | ||
| Q3 24 | 6.2% | -69.8% | ||
| Q2 24 | -9.3% | -89.3% | ||
| Q1 24 | -10.5% | 15.4% |
资本支出强度FWRDWD
| Q4 25 | 1.3% | 4.6% | ||
| Q3 25 | 0.7% | 0.7% | ||
| Q2 25 | 0.8% | 0.8% | ||
| Q1 25 | 1.9% | 1.5% | ||
| Q4 24 | 1.1% | 3.8% | ||
| Q3 24 | 1.6% | 0.7% | ||
| Q2 24 | 2.2% | 1.4% | ||
| Q1 24 | 0.9% | 1.4% |
现金转化率FWRDWD
| Q4 25 | — | — | ||
| Q3 25 | — | -28.34× | ||
| Q2 25 | — | -7.02× | ||
| Q1 25 | — | -102.07× | ||
| Q4 24 | — | 2.89× | ||
| Q3 24 | — | -7.01× | ||
| Q2 24 | — | -10.49× | ||
| Q1 24 | — | 3.24× |
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% |
WD
暂无分部数据
