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FORWARD AIR CORP（FWRD）与EXPRO GROUP HOLDINGS N.V.（XPRO）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EXPRO GROUP HOLDINGS N.V.的1.7倍（$631.2M vs $367.6M），FORWARD AIR CORP同比增速更快（-0.3% vs -6.0%），过去两年FORWARD AIR CORP的营收复合增速更高（7.9% vs -11.5%）
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。
Expro是一家能源服务提供商，总部位于美国得克萨斯州休斯敦，主要为油气等能源领域的客户提供相关技术服务与解决方案，业务覆盖全球多个主要能源产区，助力行业实现高效、安全的开发运营。
FWRD vs XPRO — 直观对比
营收规模更大
FWRD
是对方的1.7倍
$367.6M
营收增速更快
FWRD
高出5.7%
-6.0%
两年增速更快
FWRD
近两年复合增速
-11.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $631.2M | $367.6M |
| 净利润 | $-28.3M | — |
| 毛利率 | — | 6.7% |
| 营业利润率 | -0.5% | 0.0% |
| 净利率 | -4.5% | — |
| 营收同比 | -0.3% | -6.0% |
| 净利润同比 | 22.2% | — |
| 每股收益（稀释后） | $-0.90 | $0.05 |
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FWRDXPRO
| Q1 26 | — | $367.6M | ||
| Q4 25 | $631.2M | $382.1M | ||
| Q3 25 | $631.8M | $411.4M | ||
| Q2 25 | $618.8M | $422.7M | ||
| Q1 25 | $613.3M | $390.9M | ||
| Q4 24 | $632.8M | $436.8M | ||
| Q3 24 | $655.9M | $422.8M | ||
| Q2 24 | $643.7M | $469.6M |
净利润FWRDXPRO
| Q1 26 | — | — | ||
| Q4 25 | $-28.3M | $5.8M | ||
| Q3 25 | $-16.3M | $14.0M | ||
| Q2 25 | $-12.6M | $18.0M | ||
| Q1 25 | $-50.6M | $13.9M | ||
| Q4 24 | $-36.4M | $23.0M | ||
| Q3 24 | $-73.4M | $16.3M | ||
| Q2 24 | $-645.4M | $15.3M |
毛利率FWRDXPRO
| Q1 26 | — | 6.7% | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
营业利润率FWRDXPRO
| Q1 26 | — | 0.0% | ||
| Q4 25 | -0.5% | 3.1% | ||
| Q3 25 | 2.4% | 6.4% | ||
| Q2 25 | 3.2% | 7.7% | ||
| Q1 25 | 0.8% | 2.6% | ||
| Q4 24 | 12.0% | 7.3% | ||
| Q3 24 | 3.5% | 6.2% | ||
| Q2 24 | -170.2% | 5.9% |
净利率FWRDXPRO
| Q1 26 | — | — | ||
| Q4 25 | -4.5% | 1.5% | ||
| Q3 25 | -2.6% | 3.4% | ||
| Q2 25 | -2.0% | 4.3% | ||
| Q1 25 | -8.3% | 3.6% | ||
| Q4 24 | -5.8% | 5.3% | ||
| Q3 24 | -11.2% | 3.8% | ||
| Q2 24 | -100.3% | 3.3% |
每股收益（稀释后）FWRDXPRO
| Q1 26 | — | $0.05 | ||
| Q4 25 | $-0.90 | $0.05 | ||
| Q3 25 | $-0.52 | $0.12 | ||
| Q2 25 | $-0.41 | $0.16 | ||
| Q1 25 | $-1.68 | $0.12 | ||
| Q4 24 | $-1.69 | $0.20 | ||
| Q3 24 | $-2.66 | $0.14 | ||
| Q2 24 | $-23.47 | $0.13 |
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 | $170.7M |
| 总债务越低越好 | $1.7B | $79.1M |
| 股东权益账面价值 | $113.3M | $1.5B |
| 总资产 | $2.7B | $2.2B |
| 负债/权益比越低杠杆越低 | 14.89× | 0.05× |
8季度趋势，按日历期对齐
现金及短期投资FWRDXPRO
| Q1 26 | — | $170.7M | ||
| Q4 25 | $106.0M | $196.1M | ||
| Q3 25 | $140.4M | $197.9M | ||
| Q2 25 | $95.1M | $206.8M | ||
| Q1 25 | $116.3M | $179.3M | ||
| Q4 24 | $104.9M | $183.0M | ||
| Q3 24 | $136.6M | $165.7M | ||
| Q2 24 | $84.9M | $133.5M |
总债务FWRDXPRO
| Q1 26 | — | $79.1M | ||
| Q4 25 | $1.7B | $79.1M | ||
| Q3 25 | $1.7B | $99.1M | ||
| Q2 25 | — | $121.1M | ||
| Q1 25 | — | $121.1M | ||
| Q4 24 | — | $121.1M | ||
| Q3 24 | — | $121.1M | ||
| Q2 24 | — | $121.1M |
股东权益FWRDXPRO
| Q1 26 | — | $1.5B | ||
| Q4 25 | $113.3M | $1.5B | ||
| Q3 25 | $139.8M | $1.5B | ||
| Q2 25 | $151.8M | $1.5B | ||
| Q1 25 | $154.6M | $1.5B | ||
| Q4 24 | $201.7M | $1.5B | ||
| Q3 24 | $226.1M | $1.5B | ||
| Q2 24 | $283.8M | $1.5B |
总资产FWRDXPRO
| Q1 26 | — | $2.2B | ||
| Q4 25 | $2.7B | $2.3B | ||
| Q3 25 | $2.8B | $2.3B | ||
| Q2 25 | $2.8B | $2.3B | ||
| Q1 25 | $2.8B | $2.3B | ||
| Q4 24 | $2.8B | $2.3B | ||
| Q3 24 | $3.1B | $2.3B | ||
| Q2 24 | $3.1B | $2.3B |
负债/权益比FWRDXPRO
| Q1 26 | — | 0.05× | ||
| Q4 25 | 14.89× | 0.05× | ||
| Q3 25 | 12.05× | 0.07× | ||
| Q2 25 | — | 0.08× | ||
| Q1 25 | — | 0.08× | ||
| Q4 24 | — | 0.08× | ||
| Q3 24 | — | 0.08× | ||
| Q2 24 | — | 0.08× |
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 | — | $25.3M |
| 自由现金流经营现金流 - 资本支出 | — | $23.2M |
| 自由现金流率自由现金流/营收 | — | 6.3% |
| 资本支出强度资本支出/营收 | 1.3% | 1.2% |
| 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 | — | $112.6M |
8季度趋势，按日历期对齐
经营现金流FWRDXPRO
| Q1 26 | — | $25.3M | ||
| Q4 25 | — | $57.1M | ||
| Q3 25 | $52.7M | $63.2M | ||
| Q2 25 | — | $48.4M | ||
| Q1 25 | $27.6M | $41.5M | ||
| Q4 24 | $-23.2M | $97.4M | ||
| Q3 24 | $51.2M | $55.3M | ||
| Q2 24 | $-45.2M | $-13.2M |
自由现金流FWRDXPRO
| Q1 26 | — | $23.2M | ||
| Q4 25 | — | $23.2M | ||
| Q3 25 | $48.6M | $39.0M | ||
| Q2 25 | — | $27.2M | ||
| Q1 25 | $15.7M | $8.4M | ||
| Q4 24 | $-30.5M | $53.0M | ||
| Q3 24 | $40.7M | $23.3M | ||
| Q2 24 | $-59.6M | $-49.5M |
自由现金流率FWRDXPRO
| Q1 26 | — | 6.3% | ||
| Q4 25 | — | 6.1% | ||
| Q3 25 | 7.7% | 9.5% | ||
| Q2 25 | — | 6.4% | ||
| Q1 25 | 2.6% | 2.1% | ||
| Q4 24 | -4.8% | 12.1% | ||
| Q3 24 | 6.2% | 5.5% | ||
| Q2 24 | -9.3% | -10.5% |
资本支出强度FWRDXPRO
| Q1 26 | — | 1.2% | ||
| Q4 25 | 1.3% | 8.9% | ||
| Q3 25 | 0.7% | 5.9% | ||
| Q2 25 | 0.8% | 5.0% | ||
| Q1 25 | 1.9% | 8.5% | ||
| Q4 24 | 1.1% | 10.2% | ||
| Q3 24 | 1.6% | 7.6% | ||
| Q2 24 | 2.2% | 7.7% |
现金转化率FWRDXPRO
| Q1 26 | — | — | ||
| Q4 25 | — | 9.89× | ||
| Q3 25 | — | 4.52× | ||
| Q2 25 | — | 2.69× | ||
| Q1 25 | — | 2.98× | ||
| Q4 24 | — | 4.23× | ||
| Q3 24 | — | 3.40× | ||
| Q2 24 | — | -0.86× |
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% |
XPRO
暂无分部数据
