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FORWARD AIR CORP（FWRD）与WERNER ENTERPRISES INC（WERN）财务数据对比。点击上方公司名可切换其他公司
WERNER ENTERPRISES INC的季度营收约是FORWARD AIR CORP的1.3倍（$808.6M vs $631.2M），WERNER ENTERPRISES INC净利率更高（-0.5% vs -4.5%，领先4.0%），WERNER ENTERPRISES INC同比增速更快（13.6% vs -0.3%），过去两年FORWARD AIR CORP的营收复合增速更高（7.9% vs 4.3%）
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。
沃纳企业是美国知名运输物流服务商，业务覆盖美国、墨西哥与加拿大市场。2023年该公司营收达32.8亿美元，旗下员工及签约承包商总规模超1.4万人，在北美跨境物流、干线运输领域具备成熟的服务能力与行业影响力。
FWRD vs WERN — 直观对比
营收规模更大
WERN
是对方的1.3倍
$631.2M
营收增速更快
WERN
高出13.8%
-0.3%
净利率更高
WERN
高出4.0%
-4.5%
两年增速更快
FWRD
近两年复合增速
4.3%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $631.2M | $808.6M |
| 净利润 | $-28.3M | $-4.3M |
| 毛利率 | — | — |
| 营业利润率 | -0.5% | — |
| 净利率 | -4.5% | -0.5% |
| 营收同比 | -0.3% | 13.6% |
| 净利润同比 | 22.2% | 57.8% |
| 每股收益（稀释后） | $-0.90 | $-0.07 |
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FWRDWERN
| Q1 26 | — | $808.6M | ||
| Q4 25 | $631.2M | $719.9M | ||
| Q3 25 | $631.8M | $752.2M | ||
| Q2 25 | $618.8M | $734.1M | ||
| Q1 25 | $613.3M | $693.4M | ||
| Q4 24 | $632.8M | $736.6M | ||
| Q3 24 | $655.9M | $726.3M | ||
| Q2 24 | $643.7M | $742.7M |
净利润FWRDWERN
| Q1 26 | — | $-4.3M | ||
| Q4 25 | $-28.3M | $-27.8M | ||
| Q3 25 | $-16.3M | $-20.6M | ||
| Q2 25 | $-12.6M | $44.1M | ||
| Q1 25 | $-50.6M | $-10.1M | ||
| Q4 24 | $-36.4M | $11.9M | ||
| Q3 24 | $-73.4M | $6.6M | ||
| Q2 24 | $-645.4M | $9.5M |
营业利润率FWRDWERN
| Q1 26 | — | — | ||
| Q4 25 | -0.5% | -5.0% | ||
| Q3 25 | 2.4% | -1.7% | ||
| Q2 25 | 3.2% | 9.0% | ||
| Q1 25 | 0.8% | -0.8% | ||
| Q4 24 | 12.0% | 1.8% | ||
| Q3 24 | 3.5% | 2.4% | ||
| Q2 24 | -170.2% | 2.6% |
净利率FWRDWERN
| Q1 26 | — | -0.5% | ||
| Q4 25 | -4.5% | -3.9% | ||
| Q3 25 | -2.6% | -2.7% | ||
| Q2 25 | -2.0% | 6.0% | ||
| Q1 25 | -8.3% | -1.5% | ||
| Q4 24 | -5.8% | 1.6% | ||
| Q3 24 | -11.2% | 0.9% | ||
| Q2 24 | -100.3% | 1.3% |
每股收益（稀释后）FWRDWERN
| Q1 26 | — | $-0.07 | ||
| Q4 25 | $-0.90 | $-0.46 | ||
| Q3 25 | $-0.52 | $-0.34 | ||
| Q2 25 | $-0.41 | $0.72 | ||
| Q1 25 | $-1.68 | $-0.16 | ||
| Q4 24 | $-1.69 | $0.19 | ||
| Q3 24 | $-2.66 | $0.11 | ||
| Q2 24 | $-23.47 | $0.15 |
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 | $61.5M |
| 总债务越低越好 | $1.7B | $878.2M |
| 股东权益账面价值 | $113.3M | $1.4B |
| 总资产 | $2.7B | $3.3B |
| 负债/权益比越低杠杆越低 | 14.89× | 0.65× |
8季度趋势，按日历期对齐
现金及短期投资FWRDWERN
| Q1 26 | — | $61.5M | ||
| Q4 25 | $106.0M | $59.9M | ||
| Q3 25 | $140.4M | $51.0M | ||
| Q2 25 | $95.1M | $51.4M | ||
| Q1 25 | $116.3M | $52.0M | ||
| Q4 24 | $104.9M | $40.8M | ||
| Q3 24 | $136.6M | $54.7M | ||
| Q2 24 | $84.9M | $70.4M |
总债务FWRDWERN
| Q1 26 | — | $878.2M | ||
| Q4 25 | $1.7B | $752.0M | ||
| Q3 25 | $1.7B | $725.0M | ||
| Q2 25 | — | $725.0M | ||
| Q1 25 | — | $640.0M | ||
| Q4 24 | — | $650.0M | ||
| Q3 24 | — | $690.0M | ||
| Q2 24 | — | $670.0M |
股东权益FWRDWERN
| Q1 26 | — | $1.4B | ||
| Q4 25 | $113.3M | $1.4B | ||
| Q3 25 | $139.8M | $1.4B | ||
| Q2 25 | $151.8M | $1.4B | ||
| Q1 25 | $154.6M | $1.4B | ||
| Q4 24 | $201.7M | $1.5B | ||
| Q3 24 | $226.1M | $1.4B | ||
| Q2 24 | $283.8M | $1.5B |
总资产FWRDWERN
| Q1 26 | — | $3.3B | ||
| Q4 25 | $2.7B | $2.9B | ||
| Q3 25 | $2.8B | $3.0B | ||
| Q2 25 | $2.8B | $2.9B | ||
| Q1 25 | $2.8B | $3.0B | ||
| Q4 24 | $2.8B | $3.1B | ||
| Q3 24 | $3.1B | $3.1B | ||
| Q2 24 | $3.1B | $3.1B |
负债/权益比FWRDWERN
| Q1 26 | — | 0.65× | ||
| Q4 25 | 14.89× | 0.55× | ||
| Q3 25 | 12.05× | 0.52× | ||
| Q2 25 | — | 0.51× | ||
| Q1 25 | — | 0.45× | ||
| Q4 24 | — | 0.45× | ||
| Q3 24 | — | 0.48× | ||
| Q2 24 | — | 0.46× |
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% |
WERN
暂无分部数据
