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Brinks vs Forward Air: BCO and FWRD compared
Brinks is the larger company: $1.4B of revenue in its latest quarter (Q3 2026) against $673M for Forward Air (Q2 2026). Forward Air is growing faster (+9% against +3% a year earlier). Brinks is more profitable, with an operating margin of 9.5% against -29.9%.
Where the money goes: BCO and FWRD
Brinks (BCO) · Q3 2026
Brinks, Q3 2026: revenue $1.4B (+3% year over year), operating margin 9.5%, net earnings $14.5M, operating cash flow $89.6M. The chart follows the revenue to costs, profit and cash.
Forward Air (FWRD) · Q2 2026
Forward Air, Q2 2026: revenue $673M (+9% year over year), operating margin -29.9%, net loss $246M, operating cash flow −$4.9M. The chart follows the revenue to costs, profit and cash.
| Brinks (BCO) | Forward Air (FWRD) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q2 2026 |
| Revenue | $1.4B | $673M |
| Revenue growth, Y/Y | +3% | +9% |
| Operating margin | 9.5% | -29.9% |
| Net earnings | $14.5M | −$246M |
| Net margin | 1.1% | -36.5% |
| Operating cash flow | $89.6M | −$4.9M |
| Free cash flow | $52.4M | — |
| Market value | $4.6B | $540M |
| P/E | 28.9× | — |
| Analysts’ mean target | $145.00 | $26.00 |
Where the revenue comes from
Forward Air
- Ground: $409M (61%)
- Contract Logistics: $112M (17%)
- Air and Ocean: $93.4M (14%)
- Intermodal: $58.6M (9%)
Questions
Which is bigger, Brinks or Forward Air?
Brinks is the larger company: $1.4B of revenue in its latest quarter (Q3 2026) against $673M for Forward Air (Q2 2026).
Is Brinks or Forward Air growing faster?
Forward Air is growing faster (+9% against +3% a year earlier).
Which is more profitable, Brinks or Forward Air?
Brinks is more profitable, with an operating margin of 9.5% against -29.9%.
More: Brinks earnings · how Brinks makes money · Forward Air earnings · how Forward Air makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 4, 2026; 10-Q filed Aug 5, 2026). Fiscal quarters can end on different dates. Not investment advice.