Forward Air Corporation (FWRD) vs Serve Robotics Inc. (SERV)

Forward Air Corporation and Serve Robotics Inc. are both Integrated Freight & Logistics companies. Forward Air Corporation is the larger, with a market value of $603.7M against $246.3M — 2.5× the size. Serve Robotics Inc. grew revenue faster over the last twelve months: 426.3% against −0.11%. Forward Air Corporation has the higher net margin (−11.4% vs −2,315.8%) and the higher return on invested capital (−7.28% vs −103.6%). Across the 17 metrics below, Forward Air Corporation leads on 11 and Serve Robotics Inc. on 6.

Valuation

Metric FWRD SERV Integrated Freight & Logistics median
P/E n/m n/m 22.90
P/S 0.23 26.80 0.53
P/B n/m 0.59 1.92
Price to free cash flow 11.07 n/m 16.32
EV/EBITDA 9.36 0.15 9.36
EV/Sales 0.86 (3.38) 0.92
Earnings yield (50.74%) (94.23%) (1.19%)
Free cash flow yield 9.04% (81.12%) 0.00%

Profitability

Metric FWRD SERV Integrated Freight & Logistics median
Gross margin 49.27% (370.09%) 25.10%
Operating margin (6.70%) (2,476.78%) 0.92%
Net margin (11.37%) (2,315.81%) (0.14%)
Free cash flow margin 2.04% (2,174.06%) 0.00%
Return on equity (611.69%) (64.55%) 0.00%
Return on assets (11.07%) (60.86%) 0.00%
Return on invested capital (7.28%) (103.62%) 0.00%

Growth

Metric FWRD SERV Integrated Freight & Logistics median
Revenue growth (TTM) (0.11%) 426.31% 4.66%
EPS growth (last fiscal year) 88.17% (52.34%) 5.86%
Revenue growth, 5-year CAGR 14.47% — 2.84%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric FWRD SERV Integrated Freight & Logistics median
Debt to equity (13.94) 0.00 0.12
Current ratio 1.32 12.83 1.57
Net debt to EBITDA 8.48 2.23 0.65

Dividend

Metric FWRD SERV Integrated Freight & Logistics median
Dividend yield — — 1.93%
Payout ratio — — 0.29

Size

Metric FWRD SERV Integrated Freight & Logistics median
Market cap 603.66m 246.25m 76.28m

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