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Forward Air vs Singularity Future Technology: FWRD and SGLY compared
Forward Air is the larger company: $673M of revenue in its latest quarter (Q2 2026) against $834K for Singularity Future Technology (Q4 FY26). Singularity Future Technology is growing faster (+76% against +9% a year earlier). Forward Air is more profitable, with an operating margin of -29.9% against -59.7%.
Where the money goes: FWRD and SGLY
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.
Singularity Future Technology (SGLY) · Q4 FY26
Singularity Future Technology, Q4 FY26: revenue $834K (+76% year over year), operating margin -59.7%, net loss $261K, operating cash flow −$474K. The chart follows the revenue to costs, profit and cash.
| Forward Air (FWRD) | Singularity Future Technology (SGLY) | |
|---|---|---|
| Latest quarter | Q2 2026 | Q4 FY26 |
| Revenue | $673M | $834K |
| Revenue growth, Y/Y | +9% | +76% |
| Operating margin | -29.9% | -59.7% |
| Net earnings | −$246M | −$261K |
| Net margin | -36.5% | -31.3% |
| Operating cash flow | −$4.9M | −$474K |
| Market value | $540M | — |
| Analysts’ mean target | $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, Forward Air or Singularity Future Technology?
Forward Air is the larger company: $673M of revenue in its latest quarter (Q2 2026) against $834K for Singularity Future Technology (Q4 FY26).
Is Forward Air or Singularity Future Technology growing faster?
Singularity Future Technology is growing faster (+76% against +9% a year earlier).
Which is more profitable, Forward Air or Singularity Future Technology?
Forward Air is more profitable, with an operating margin of -29.9% against -59.7%.
More: Forward Air earnings · how Forward Air makes money · Singularity Future Technology earnings · how Singularity Future Technology makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 5, 2026; 10-K filed Sep 29, 2026). Fiscal quarters can end on different dates. Not investment advice.