Forward Air Corporation (FWRD) vs Proficient Auto Logistics, Inc. (PAL)

Forward Air Corporation and Proficient Auto Logistics, Inc. are both Integrated Freight & Logistics companies. Forward Air Corporation is the larger, with a market value of $498.3M against $106.0M — 4.7× the size. Proficient Auto Logistics, Inc. grew revenue faster over the last twelve months: 14.9% against −0.11%. Proficient Auto Logistics, Inc. has the higher net margin (−9.85% vs −11.4%) and the lower return on invested capital (−7.40% vs −7.28%). Across the 17 metrics below, Proficient Auto Logistics, Inc. leads on 10 and Forward Air Corporation on 7.

Valuation

Metric FWRD PAL Integrated Freight & Logistics median
P/E n/m n/m 21.28
P/S 0.19 0.24 0.71
P/B n/m 0.34 1.67
Price to free cash flow 9.27 5.86 15.27
EV/EBITDA 8.95 n/m 8.95
EV/Sales 0.82 0.39 1.06
Earnings yield (60.59%) (38.32%) (1.34%)
Free cash flow yield 10.79% 17.06% 0.00%

Profitability

Metric FWRD PAL Integrated Freight & Logistics median
Gross margin 49.27% 100.00% 26.33%
Operating margin (6.70%) (10.23%) 0.92%
Net margin (11.37%) (9.85%) (0.14%)
Free cash flow margin 2.04% 4.15% 0.00%
Return on equity (611.69%) (12.96%) 0.00%
Return on assets (11.07%) (8.49%) 0.00%
Return on invested capital (7.28%) (7.40%) 0.00%

Growth

Metric FWRD PAL Integrated Freight & Logistics median
Revenue growth (TTM) (0.11%) 14.92% 6.03%
EPS growth (last fiscal year) 88.17% (156.08%) —
Revenue growth, 5-year CAGR 14.47% — 2.88%
Net income growth, 5-year CAGR 0.00% — 0.00%

Health

Metric FWRD PAL Integrated Freight & Logistics median
Debt to equity (13.94) 0.23 0.12
Current ratio 1.32 1.18 1.57
Net debt to EBITDA 8.48 14.81 0.86

Dividend

Metric FWRD PAL Integrated Freight & Logistics median
Dividend yield 2.25% — 2.25%
Payout ratio 0.17 — 0.13

Size

Metric FWRD PAL Integrated Freight & Logistics median
Market cap 498.27m 106.04m 56.42m

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