Forward Air Corporation (FWRD) vs Radiant Logistics, Inc. (RLGT)

Forward Air Corporation and Radiant Logistics, Inc. are both Integrated Freight & Logistics companies. Forward Air Corporation is the larger, with a market value of $498.3M against $400.0M — 1.2× the size. Forward Air Corporation has negative trailing earnings, so its P/E is not meaningful; Radiant Logistics, Inc. trades at 21.3×. Radiant Logistics, Inc. grew revenue faster over the last twelve months: 3.51% against −0.11%. Radiant Logistics, Inc. has the higher net margin (2.01% vs −11.4%) and the higher return on invested capital (6.36% vs −7.28%). Across the 19 metrics below, Radiant Logistics, Inc. leads on 10 and Forward Air Corporation on 9.

Valuation

Metric FWRD RLGT Integrated Freight & Logistics median
P/E n/m 21.28 21.28
P/S 0.19 0.43 0.71
P/B n/m 1.67 1.67
Price to free cash flow 9.27 n/m 15.27
EV/EBITDA 8.95 10.24 8.95
EV/Sales 0.82 0.43 1.06
Earnings yield (60.59%) 4.70% (1.34%)
Free cash flow yield 10.79% (14.70%) 0.00%

Profitability

Metric FWRD RLGT Integrated Freight & Logistics median
Gross margin 49.27% 26.33% 26.33%
Operating margin (6.70%) 2.64% 0.92%
Net margin (11.37%) 2.01% (0.14%)
Free cash flow margin 2.04% 1.47% 0.00%
Return on equity (611.69%) 8.03% 0.00%
Return on assets (11.07%) 4.31% 0.00%
Return on invested capital (7.28%) 6.36% 0.00%

Growth

Metric FWRD RLGT Integrated Freight & Logistics median
Revenue growth (TTM) (0.11%) 3.51% 6.03%
EPS growth (last fiscal year) 88.17% 10.09% —
Revenue growth, 5-year CAGR 14.47% 0.76% 2.88%
Net income growth, 5-year CAGR 0.00% (4.06%) 0.00%

Health

Metric FWRD RLGT Integrated Freight & Logistics median
Debt to equity (13.94) 0.11 0.12
Current ratio 1.32 1.60 1.57
Net debt to EBITDA 8.48 0.00 0.86

Dividend

Metric FWRD RLGT Integrated Freight & Logistics median
Dividend yield 2.25% — 2.25%
Payout ratio 0.17 0.00 0.13

Size

Metric FWRD RLGT Integrated Freight & Logistics median
Market cap 498.27m 400.01m 56.42m

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