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Stocks Comparison

Brinks vs Forward Air: revenue, profit, margins and growth compared

Brinks brought in $5.3B of revenue in fiscal 2025, Forward Air $2.5B in fiscal 2025. Revenue changed by +5.0% at Brinks and +0.8% at Forward Air on the year before, so Brinks grew faster. Brinks kept 3.8% of its revenue as net profit, Forward Air -4.3%. Free cash flow was $436.4M at Brinks and $15.3M at Forward Air.

Side by side, latest fiscal year

BCOFWRD
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$5.3B$2.5B
Revenue growth+5.0%+0.8%
Net income$199.7M-$107.8M
Net margin3.8%-4.3%
Free cash flow$436.4M$15.3M
Free cash flow margin8.3%0.6%
Earnings per share (diluted)$4.69-$3.51
Cash$1.7B$106M
Debt$4B$1.7B
Price to earnings22.8n/a
Market value$4.4B$496.2M
Dividend yield0.94%n/a
Rank by revenue in sector#120 of 451 · Industrials#201 of 451 · Industrials

Over the years

Revenue
BCO FY2018: $3.5BBCO FY2019: $3.7BBCO FY2020: $3.7BBCO FY2021: $4.2BBCO FY2022: $4.5BBCO FY2023: $4.9BBCO FY2024: $5BBCO FY2025: $5.3BFWRD FY2018: $1.1BFWRD FY2019: $1.2BFWRD FY2020: $1.3BFWRD FY2021: $1.4BFWRD FY2022: $1.7BFWRD FY2023: $1.4BFWRD FY2024: $2.5BFWRD FY2025: $2.5BFY18FY19FY20FY21FY22FY23FY24FY25
BCO $5.3BFWRD $2.5B
Net income
BCO FY2018: -$33.3MBCO FY2019: $29MBCO FY2020: $16MBCO FY2021: $105.2MBCO FY2022: $170.6MBCO FY2023: $87.7MBCO FY2024: $162.9MBCO FY2025: $199.7MFWRD FY2018: $92.1MFWRD FY2019: $87.1MFWRD FY2020: $23.7MFWRD FY2021: $105.9MFWRD FY2022: $193.2MFWRD FY2023: $167.4MFWRD FY2024: -$817MFWRD FY2025: -$107.8MFY18FY19FY20FY21FY22FY23FY24FY25
BCO $199.7MFWRD -$107.8M
Net margin
BCO FY2018: -1.0%BCO FY2019: 0.8%BCO FY2020: 0.4%BCO FY2021: 2.5%BCO FY2022: 3.8%BCO FY2023: 1.8%BCO FY2024: 3.3%BCO FY2025: 3.8%FWRD FY2018: 8.1%FWRD FY2019: 7.2%FWRD FY2020: 1.9%FWRD FY2021: 7.6%FWRD FY2022: 11.5%FWRD FY2023: 12.2%FWRD FY2024: -33.0%FWRD FY2025: -4.3%FY18FY19FY20FY21FY22FY23FY24FY25
BCO 3.8%FWRD -4.3%
Revenue growth
BCO FY2019: +5.6%BCO FY2020: +0.2%BCO FY2021: +13.8%BCO FY2022: +8.0%BCO FY2023: +7.5%BCO FY2024: +2.8%BCO FY2025: +5.0%FWRD FY2019: +6.8%FWRD FY2020: +4.5%FWRD FY2021: +9.3%FWRD FY2022: +21.1%FWRD FY2023: -18.4%FWRD FY2024: +80.5%FWRD FY2025: +0.8%FY19FY20FY21FY22FY23FY24FY25
BCO +5.0%FWRD +0.8%
Free cash flow
BCO FY2018: $209MBCO FY2019: $203.8MBCO FY2020: $199.2MBCO FY2021: $310.1MBCO FY2022: $297.3MBCO FY2023: $499.7MBCO FY2024: $203.5MBCO FY2025: $436.4MFWRD FY2018: $113MFWRD FY2019: $137MFWRD FY2020: $75.8MFWRD FY2021: $82.2MFWRD FY2022: $210.9MFWRD FY2023: $168.5MFWRD FY2024: -$106.1MFWRD FY2025: $15.3MFY18FY19FY20FY21FY22FY23FY24FY25
BCO $436.4MFWRD $15.3M

Fiscal years as each company reports them; the two may end in different months.

Questions about Brinks and Forward Air

Which is bigger by revenue, Brinks or Forward Air?

Brinks is bigger by revenue: $5.3B in fiscal 2025, against $2.5B for Forward Air in fiscal 2025.

Which keeps more of its revenue as profit, Brinks or Forward Air?

Brinks had a net margin of 3.8% in fiscal 2025; Forward Air had -4.3% in fiscal 2025.

Which grew revenue faster, Brinks or Forward Air?

In their latest fiscal years revenue changed by +5.0% at Brinks and +0.8% at Forward Air.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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