Integrated Freight & Logistics
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BTOC vs FWRD
Revenue, margins, valuation, and 5-year total return — side by side.
Integrated Freight & Logistics
BTOC vs FWRD — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Integrated Freight & Logistics | Integrated Freight & Logistics |
| Market Cap | $13M | $547M |
| Revenue (TTM) | $197M | $2.46B |
| Net Income (TTM) | $-17M | $-91M |
| Gross Margin | -1.0% | 23.1% |
| Operating Margin | -8.7% | 2.1% |
| Total Debt | $134M | $2.16B |
| Cash & Equiv. | $9M | $106M |
BTOC vs FWRD — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 24 | May 26 | Return |
|---|---|---|---|
| Armlogi Holding Cor… (BTOC) | 100 | 5.7 | -94.3% |
| Forward Air Corpora… (FWRD) | 100 | 103.2 | +3.2% |
Price return only. Dividends and distributions are not included.
Quick Verdict: BTOC vs FWRD
Each card shows where this stock fits in a portfolio — not just who wins on paper.
BTOC is the clearest fit if your priority is income & stability and growth exposure.
- beta 1.09
- Rev growth 14.0%, EPS growth -294.7%, 3Y rev CAGR 50.3%
- Lower volatility, beta 1.09, current ratio 0.82x
FWRD carries the broadest edge in this set and is the clearest fit for long-term compounding.
- -47.3% 10Y total return vs BTOC's -93.8%
- -3.7% margin vs BTOC's -8.7%
- +0.6% vs BTOC's -74.8%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 14.0% revenue growth vs FWRD's 0.8% | |
| Quality / Margins | -3.7% margin vs BTOC's -8.7% | |
| Stability / Safety | Beta 1.09 vs FWRD's 2.28, lower leverage | |
| Dividends | Tie | Neither stock pays a meaningful dividend |
| Momentum (1Y) | +0.6% vs BTOC's -74.8% | |
| Efficiency (ROA) | -3.3% ROA vs BTOC's -11.0%, ROIC 1.2% vs -8.9% |
BTOC vs FWRD — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
BTOC vs FWRD — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
FWRD leads this category, winning 5 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
FWRD is the larger business by revenue, generating $2.5B annually — 12.5x BTOC's $197M. FWRD is the more profitable business, keeping -3.7% of every revenue dollar as net income compared to BTOC's -8.7%. On growth, BTOC holds the edge at +16.5% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $197M | $2.5B |
| EBITDAEarnings before interest/tax | -$14M | $206M |
| Net IncomeAfter-tax profit | -$17M | -$91M |
| Free Cash FlowCash after capex | $2M | $38M |
| Gross MarginGross profit ÷ Revenue | -1.0% | +23.1% |
| Operating MarginEBIT ÷ Revenue | -8.7% | +2.1% |
| Net MarginNet income ÷ Revenue | -8.7% | -3.7% |
| FCF MarginFCF ÷ Revenue | +0.8% | +1.6% |
| Rev. Growth (YoY)Latest quarter vs prior year | +16.5% | -5.1% |
| EPS Growth (YoY)Latest quarter vs prior year | -36.4% | +35.1% |
Valuation Metrics
BTOC leads this category, winning 2 of 3 comparable metrics.
Valuation Metrics
| Metric | ||
|---|---|---|
| Market CapShares × price | $13M | $547M |
| Enterprise ValueMkt cap + debt − cash | $138M | $2.6B |
| Trailing P/EPrice ÷ TTM EPS | -0.78x | -4.98x |
| Forward P/EPrice ÷ next-FY EPS est. | — | — |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | — | 13.75x |
| Price / SalesMarket cap ÷ Revenue | 0.07x | 0.22x |
| Price / BookPrice ÷ Book value/share | 0.48x | 3.32x |
| Price / FCFMarket cap ÷ FCF | — | 35.82x |
Profitability & Efficiency
FWRD leads this category, winning 6 of 9 comparable metrics.
Profitability & Efficiency
FWRD delivers a -52.6% return on equity — every $100 of shareholder capital generates $-53 in annual profit, vs $-77 for BTOC. BTOC carries lower financial leverage with a 5.35x debt-to-equity ratio, signaling a more conservative balance sheet compared to FWRD's 13.36x. On the Piotroski fundamental quality scale (0–9), FWRD scores 5/9 vs BTOC's 3/9, reflecting solid financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | -76.9% | -52.6% |
| ROA (TTM)Return on assets | -11.0% | -3.3% |
| ROICReturn on invested capital | -8.9% | +1.2% |
| ROCEReturn on capital employed | -13.7% | +1.5% |
| Piotroski ScoreFundamental quality 0–9 | 3 | 5 |
| Debt / EquityFinancial leverage | 5.35x | 13.36x |
| Net DebtTotal debt minus cash | $125M | $2.1B |
| Cash & Equiv.Liquid assets | $9M | $106M |
| Total DebtShort + long-term debt | $134M | $2.2B |
| Interest CoverageEBIT ÷ Interest expense | -12.83x | 0.32x |
Total Returns (Dividends Reinvested)
FWRD leads this category, winning 6 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in FWRD five years ago would be worth $1,978 today (with dividends reinvested), compared to $622 for BTOC. Over the past 12 months, FWRD leads with a +0.6% total return vs BTOC's -74.8%. The 3-year compound annual growth rate (CAGR) favors FWRD at -42.8% vs BTOC's -60.4% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | -47.6% | -31.0% |
| 1-Year ReturnPast 12 months | -74.8% | +0.6% |
| 3-Year ReturnCumulative with dividends | -93.8% | -81.3% |
| 5-Year ReturnCumulative with dividends | -93.8% | -80.2% |
| 10-Year ReturnCumulative with dividends | -93.8% | -47.3% |
| CAGR (3Y)Annualised 3-year return | -60.4% | -42.8% |
Risk & Volatility
Evenly matched — BTOC and FWRD each lead in 1 of 2 comparable metrics.
Risk & Volatility
BTOC is the less volatile stock with a 1.09 beta — it tends to amplify market swings less than FWRD's 2.28 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. FWRD currently trades 53.4% from its 52-week high vs BTOC's 15.1% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.09x | 2.28x |
| 52-Week HighHighest price in past year | $1.91 | $32.47 |
| 52-Week LowLowest price in past year | $0.23 | $14.81 |
| % of 52W HighCurrent price vs 52-week peak | +15.1% | +53.4% |
| RSI (14)Momentum oscillator 0–100 | 50.1 | 42.4 |
| Avg Volume (50D)Average daily shares traded | 1.1M | 733K |
Analyst Outlook
Insufficient data to determine a leader in this category.
Analyst Outlook
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | — | Hold |
| Price TargetConsensus 12-month target | — | $37.00 |
| # AnalystsCovering analysts | — | 21 |
| Dividend YieldAnnual dividend ÷ price | — | — |
| Dividend StreakConsecutive years of raises | — | 8 |
| Dividend / ShareAnnual DPS | — | — |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | +0.2% |
FWRD leads in 3 of 6 categories (Income & Cash Flow, Profitability & Efficiency). BTOC leads in 1 (Valuation Metrics). 1 tied.
BTOC vs FWRD: Frequently Asked Questions
8 questions · data-driven answers · updated daily
01Is BTOC or FWRD a better buy right now?
For growth investors, Armlogi Holding Corp.
common stock (BTOC) is the stronger pick with 14. 0% revenue growth year-over-year, versus 0. 8% for Forward Air Corporation (FWRD). Analysts rate Forward Air Corporation (FWRD) a "Hold" — based on 21 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which is the better long-term investment — BTOC or FWRD?
Over the past 5 years, Forward Air Corporation (FWRD) delivered a total return of -80.
2%, compared to -93. 8% for Armlogi Holding Corp. common stock (BTOC). Over 10 years, the gap is even starker: FWRD returned -47. 3% versus BTOC's -93. 8%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
03Which is safer — BTOC or FWRD?
By beta (market sensitivity over 5 years), Armlogi Holding Corp.
common stock (BTOC) is the lower-risk stock at 1. 09β versus Forward Air Corporation's 2. 28β — meaning FWRD is approximately 110% more volatile than BTOC relative to the S&P 500. On balance sheet safety, Armlogi Holding Corp. common stock (BTOC) carries a lower debt/equity ratio of 5% versus 13% for Forward Air Corporation — giving it more financial flexibility in a downturn.
04Which is growing faster — BTOC or FWRD?
By revenue growth (latest reported year), Armlogi Holding Corp.
common stock (BTOC) is pulling ahead at 14. 0% versus 0. 8% for Forward Air Corporation (FWRD). On earnings-per-share growth, the picture is similar: Forward Air Corporation grew EPS 88. 3% year-over-year, compared to -294. 7% for Armlogi Holding Corp. common stock. Over a 3-year CAGR, BTOC leads at 50. 3% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
05Which has better profit margins — BTOC or FWRD?
Forward Air Corporation (FWRD) is the more profitable company, earning -4.
3% net margin versus -8. 1% for Armlogi Holding Corp. common stock — meaning it keeps -4. 3% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: FWRD leads at 1. 5% versus -9. 3% for BTOC. At the gross margin level — before operating expenses — FWRD leads at 20. 5%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
06Which pays a better dividend — BTOC or FWRD?
None of the stocks in this comparison currently pay a material dividend.
All are effectively zero-yield and should be held for capital appreciation rather than income.
07Is BTOC or FWRD better for a retirement portfolio?
For long-horizon retirement investors, Armlogi Holding Corp.
common stock (BTOC) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 1. 09)). Forward Air Corporation (FWRD) carries a higher beta of 2. 28 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (BTOC: -93. 8%, FWRD: -47. 3%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
08What are the main differences between BTOC and FWRD?
Both stocks operate in the Industrials sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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