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Stock Comparison

SAIH vs FWRD vs ARCB vs CODA

Revenue, margins, valuation, and 5-year total return — side by side.

Live fundamentals10-year financials5-year price chart
SAIH
SAIHEAT Limited

Information Technology Services

TechnologyNASDAQ • SG
Market Cap$21M
5Y Perf.-92.3%
FWRD
Forward Air Corporation

Integrated Freight & Logistics

IndustrialsNASDAQ • US
Market Cap$547M
5Y Perf.-80.7%
ARCB
ArcBest Corporation

Trucking

IndustrialsNASDAQ • US
Market Cap$2.72B
5Y Perf.+109.3%
CODA
Coda Octopus Group, Inc.

Aerospace & Defense

IndustrialsNASDAQ • US
Market Cap$134M
5Y Perf.+37.6%

SAIH vs FWRD vs ARCB vs CODA — Key Financials

Market cap, revenue, margins, and valuation side-by-side.

Company Snapshot
SAIH logoSAIH
FWRD logoFWRD
ARCB logoARCB
CODA logoCODA
IndustryInformation Technology ServicesIntegrated Freight & LogisticsTruckingAerospace & Defense
Market Cap$21M$547M$2.72B$134M
Revenue (TTM)$6M$2.46B$4.04B$28M
Net Income (TTM)$-6M$-91M$56M$4M
Gross Margin-18.2%23.1%4.1%66.3%
Operating Margin-142.7%2.1%2.2%17.4%
Forward P/E23.6x22.5x
Total Debt$3M$2.16B$669M$395K
Cash & Equiv.$1M$106M$102M$29M

SAIH vs FWRD vs ARCB vs CODALong-Term Stock Performance

Price return indexed to 100 at period start. Dividends excluded.

SAIH
FWRD
ARCB
CODA
StockJun 21May 26Return
SAIHEAT Limited (SAIH)1007.7-92.3%
Forward Air Corpora… (FWRD)10019.3-80.7%
ArcBest Corporation (ARCB)100209.3+109.3%
Coda Octopus Group,… (CODA)100137.6+37.6%

Price return only. Dividends and distributions are not included.

Quick Verdict: SAIH vs FWRD vs ARCB vs CODA

Each card shows where this stock fits in a portfolio — not just who wins on paper.

Bottom line: CODA leads in 5 of 7 categories, making it the strongest pick for growth and revenue expansion and valuation and capital efficiency. ArcBest Corporation is the stronger pick specifically for dividend income and shareholder returns and recent price momentum and sentiment. This set spans 2 sectors — these stocks serve different portfolio roles, not just different price points.
SAIH
SAIHEAT Limited
The Specific-Use Pick

SAIH plays a supporting role in this comparison — it may shine differently against other peers.

Best for: technology exposure
FWRD
Forward Air Corporation
The Growth Play

FWRD is the clearest fit if your priority is growth exposure.

  • Rev growth 0.8%, EPS growth 88.3%, 3Y rev CAGR 14.1%
Best for: growth exposure
ARCB
ArcBest Corporation
The Income Pick

ARCB is the #2 pick in this set and the best alternative if dividends and momentum is your priority.

  • 0.4% yield; 4-year raise streak; the other 3 pay no meaningful dividend
  • +107.5% vs FWRD's +0.6%
Best for: dividends and momentum
CODA
Coda Octopus Group, Inc.
The Income Pick

CODA carries the broadest edge in this set and is the clearest fit for income & stability and long-term compounding.

  • Dividend streak 0 yrs, beta 1.00
  • 8.4% 10Y total return vs ARCB's 6.3%
  • Lower volatility, beta 1.00, Low D/E 0.7%, current ratio 8.86x
  • Beta 1.00, current ratio 8.86x
Best for: income & stability and long-term compounding
See the full category breakdown
CategoryWinnerWhy
GrowthCODA logoCODA30.7% revenue growth vs SAIH's -18.2%
ValueCODA logoCODALower P/E (22.5x vs 23.6x)
Quality / MarginsCODA logoCODA14.8% margin vs SAIH's -106.2%
Stability / SafetyCODA logoCODABeta 1.00 vs FWRD's 2.28, lower leverage
DividendsARCB logoARCB0.4% yield; 4-year raise streak; the other 3 pay no meaningful dividend
Momentum (1Y)ARCB logoARCB+107.5% vs FWRD's +0.6%
Efficiency (ROA)CODA logoCODA6.6% ROA vs SAIH's -32.2%, ROIC 11.2% vs -38.9%

SAIH vs FWRD vs ARCB vs CODA — Revenue Breakdown by Segment

How each company's revenue is distributed across its business units

SAIHSAIHEAT Limited

Segment breakdown not available.

FWRDForward Air Corporation
FY 2025
Expedited Freight Segment
81.5%$1.0B
Intermodal Segment
18.5%$231M
ARCBArcBest Corporation
FY 2025
Asset Based Segment
100.0%$2.7B
CODACoda Octopus Group, Inc.
FY 2025
Equipment Sales
71.3%$14M
Service
17.3%$4M
Equipment Rentals
7.3%$1M
Software Sales
4.0%$811,912

SAIH vs FWRD vs ARCB vs CODA — Financial Metrics

Side-by-side numbers across 4 stocks — who leads on profitability, valuation, growth, and risk.

BEST OVERALLCODALAGGINGSAIH

Income & Cash Flow (Last 12 Months)

CODA leads this category, winning 5 of 6 comparable metrics.

ARCB is the larger business by revenue, generating $4.0B annually — 729.2x SAIH's $6M. CODA is the more profitable business, keeping 14.8% of every revenue dollar as net income compared to SAIH's -106.2%. On growth, CODA holds the edge at +28.8% YoY revenue growth, suggesting stronger near-term business momentum.

MetricSAIH logoSAIHSAIHEAT LimitedFWRD logoFWRDForward Air Corpo…ARCB logoARCBArcBest Corporati…CODA logoCODACoda Octopus Grou…
RevenueTrailing 12 months$6M$2.5B$4.0B$28M
EBITDAEarnings before interest/tax$206M$217M$6M
Net IncomeAfter-tax profit-$91M$56M$4M
Free Cash FlowCash after capex$38M$169M$7M
Gross MarginGross profit ÷ Revenue-18.2%+23.1%+4.1%+66.3%
Operating MarginEBIT ÷ Revenue-142.7%+2.1%+2.2%+17.4%
Net MarginNet income ÷ Revenue-106.2%-3.7%+1.4%+14.8%
FCF MarginFCF ÷ Revenue-113.1%+1.6%+4.2%+24.6%
Rev. Growth (YoY)Latest quarter vs prior year-5.1%+3.3%+28.8%
EPS Growth (YoY)Latest quarter vs prior year+35.1%-138.5%+3.0%
CODA leads this category, winning 5 of 6 comparable metrics.

Valuation Metrics

Evenly matched — FWRD and CODA each lead in 2 of 6 comparable metrics.

At 32.2x trailing earnings, CODA trades at a 31% valuation discount to ARCB's 46.5x P/E. On an enterprise value basis, ARCB's 12.6x EV/EBITDA is more attractive than CODA's 17.9x.

MetricSAIH logoSAIHSAIHEAT LimitedFWRD logoFWRDForward Air Corpo…ARCB logoARCBArcBest Corporati…CODA logoCODACoda Octopus Grou…
Market CapShares × price$21M$547M$2.7B$134M
Enterprise ValueMkt cap + debt − cash$23M$2.6B$3.3B$106M
Trailing P/EPrice ÷ TTM EPS-3.22x-4.98x46.48x32.16x
Forward P/EPrice ÷ next-FY EPS est.23.61x22.45x
PEG RatioP/E ÷ EPS growth rate7.51x
EV / EBITDAEnterprise value multiple13.75x12.59x17.85x
Price / SalesMarket cap ÷ Revenue3.84x0.22x0.68x5.05x
Price / BookPrice ÷ Book value/share1.32x3.32x2.16x2.30x
Price / FCFMarket cap ÷ FCF35.82x23.78x22.20x
Evenly matched — FWRD and CODA each lead in 2 of 6 comparable metrics.

Profitability & Efficiency

CODA leads this category, winning 8 of 9 comparable metrics.

CODA delivers a 7.2% return on equity — every $100 of shareholder capital generates $7 in annual profit, vs $-53 for FWRD. CODA carries lower financial leverage with a 0.01x debt-to-equity ratio, signaling a more conservative balance sheet compared to FWRD's 13.36x. On the Piotroski fundamental quality scale (0–9), CODA scores 7/9 vs SAIH's 1/9, reflecting strong financial health.

MetricSAIH logoSAIHSAIHEAT LimitedFWRD logoFWRDForward Air Corpo…ARCB logoARCBArcBest Corporati…CODA logoCODACoda Octopus Grou…
ROE (TTM)Return on equity-37.7%-52.6%+4.3%+7.2%
ROA (TTM)Return on assets-32.2%-3.3%+2.3%+6.6%
ROICReturn on invested capital-38.9%+1.2%+3.9%+11.2%
ROCEReturn on capital employed-49.1%+1.5%+5.1%+8.1%
Piotroski ScoreFundamental quality 0–91547
Debt / EquityFinancial leverage0.19x13.36x0.52x0.01x
Net DebtTotal debt minus cash$2M$2.1B$567M-$28M
Cash & Equiv.Liquid assets$1M$106M$102M$29M
Total DebtShort + long-term debt$3M$2.2B$669M$394,932
Interest CoverageEBIT ÷ Interest expense0.32x6.58x
CODA leads this category, winning 8 of 9 comparable metrics.

Total Returns (Dividends Reinvested)

ARCB leads this category, winning 4 of 6 comparable metrics.

A $10,000 investment in CODA five years ago would be worth $14,969 today (with dividends reinvested), compared to $767 for SAIH. Over the past 12 months, ARCB leads with a +107.5% total return vs FWRD's +0.6%. The 3-year compound annual growth rate (CAGR) favors ARCB at 12.0% vs FWRD's -42.8% — a key indicator of consistent wealth creation.

MetricSAIH logoSAIHSAIHEAT LimitedFWRD logoFWRDForward Air Corpo…ARCB logoARCBArcBest Corporati…CODA logoCODACoda Octopus Grou…
YTD ReturnYear-to-date+14.6%-31.0%+58.0%+25.1%
1-Year ReturnPast 12 months+54.2%+0.6%+107.5%+78.9%
3-Year ReturnCumulative with dividends-76.6%-81.3%+40.5%+34.5%
5-Year ReturnCumulative with dividends-92.3%-80.2%+37.1%+49.7%
10-Year ReturnCumulative with dividends-92.3%-47.3%+627.8%+844.4%
CAGR (3Y)Annualised 3-year return-38.3%-42.8%+12.0%+10.4%
ARCB leads this category, winning 4 of 6 comparable metrics.

Risk & Volatility

Evenly matched — ARCB and CODA each lead in 1 of 2 comparable metrics.

CODA is the less volatile stock with a 1.00 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. ARCB currently trades 90.1% from its 52-week high vs FWRD's 53.4% drawdown — a narrower gap to the peak suggests stronger recent price momentum.

MetricSAIH logoSAIHSAIHEAT LimitedFWRD logoFWRDForward Air Corpo…ARCB logoARCBArcBest Corporati…CODA logoCODACoda Octopus Grou…
Beta (5Y)Sensitivity to S&P 5001.45x2.28x1.90x1.00x
52-Week HighHighest price in past year$15.41$32.47$135.10$17.28
52-Week LowLowest price in past year$5.00$14.81$58.16$5.98
% of 52W HighCurrent price vs 52-week peak+72.4%+53.4%+90.1%+68.9%
RSI (14)Momentum oscillator 0–10062.242.460.548.6
Avg Volume (50D)Average daily shares traded3K733K307K256K
Evenly matched — ARCB and CODA each lead in 1 of 2 comparable metrics.

Analyst Outlook

FWRD leads this category, winning 1 of 1 comparable metric.

Analyst consensus: FWRD as "Hold", ARCB as "Buy", CODA as "Buy". Consensus price targets imply 113.5% upside for FWRD (target: $37) vs -3.8% for ARCB (target: $117). ARCB is the only dividend payer here at 0.39% yield — a key consideration for income-focused portfolios.

MetricSAIH logoSAIHSAIHEAT LimitedFWRD logoFWRDForward Air Corpo…ARCB logoARCBArcBest Corporati…CODA logoCODACoda Octopus Grou…
Analyst RatingConsensus buy/hold/sellHoldBuyBuy
Price TargetConsensus 12-month target$37.00$117.14$14.00
# AnalystsCovering analysts21241
Dividend YieldAnnual dividend ÷ price+0.4%
Dividend StreakConsecutive years of raises840
Dividend / ShareAnnual DPS$0.48
Buyback YieldShare repurchases ÷ mkt cap0.0%+0.2%+2.8%0.0%
FWRD leads this category, winning 1 of 1 comparable metric.
Key Takeaway

CODA leads in 2 of 6 categories (Income & Cash Flow, Profitability & Efficiency). ARCB leads in 1 (Total Returns). 2 tied.

Best OverallCoda Octopus Group, Inc. (CODA)Leads 2 of 6 categories
Loading custom metrics...

SAIH vs FWRD vs ARCB vs CODA: Key Questions Answered

10 questions · data-driven answers · updated daily

01

Is SAIH or FWRD or ARCB or CODA a better buy right now?

For growth investors, Coda Octopus Group, Inc.

(CODA) is the stronger pick with 30. 7% revenue growth year-over-year, versus -18. 2% for SAIHEAT Limited (SAIH). Coda Octopus Group, Inc. (CODA) offers the better valuation at 32. 2x trailing P/E (22. 5x forward), making it the more compelling value choice. Analysts rate ArcBest Corporation (ARCB) a "Buy" — based on 24 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.

02

Which has the better valuation — SAIH or FWRD or ARCB or CODA?

On trailing P/E, Coda Octopus Group, Inc.

(CODA) is the cheapest at 32. 2x versus ArcBest Corporation at 46. 5x. On forward P/E, Coda Octopus Group, Inc. is actually cheaper at 22. 5x.

03

Which is the better long-term investment — SAIH or FWRD or ARCB or CODA?

Over the past 5 years, Coda Octopus Group, Inc.

(CODA) delivered a total return of +49. 7%, compared to -92. 3% for SAIHEAT Limited (SAIH). Over 10 years, the gap is even starker: CODA returned +844. 4% versus SAIH's -92. 3%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

04

Which is safer — SAIH or FWRD or ARCB or CODA?

By beta (market sensitivity over 5 years), Coda Octopus Group, Inc.

(CODA) is the lower-risk stock at 1. 00β versus Forward Air Corporation's 2. 28β — meaning FWRD is approximately 128% more volatile than CODA relative to the S&P 500. On balance sheet safety, Coda Octopus Group, Inc. (CODA) carries a lower debt/equity ratio of 1% versus 13% for Forward Air Corporation — giving it more financial flexibility in a downturn.

05

Which is growing faster — SAIH or FWRD or ARCB or CODA?

By revenue growth (latest reported year), Coda Octopus Group, Inc.

(CODA) is pulling ahead at 30. 7% versus -18. 2% for SAIHEAT Limited (SAIH). On earnings-per-share growth, the picture is similar: Forward Air Corporation grew EPS 88. 3% year-over-year, compared to -64. 1% for ArcBest Corporation. Over a 3-year CAGR, FWRD leads at 14. 1% 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.

06

Which has better profit margins — SAIH or FWRD or ARCB or CODA?

Coda Octopus Group, Inc.

(CODA) is the more profitable company, earning 15. 5% net margin versus -106. 2% for SAIHEAT Limited — meaning it keeps 15. 5% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: CODA leads at 17. 1% versus -142. 7% for SAIH. At the gross margin level — before operating expenses — CODA leads at 66. 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.

07

Is SAIH or FWRD or ARCB or CODA more undervalued right now?

On forward earnings alone, Coda Octopus Group, Inc.

(CODA) trades at 22. 5x forward P/E versus 23. 6x for ArcBest Corporation — 1. 2x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for FWRD: 113. 5% to $37. 00.

08

Which pays a better dividend — SAIH or FWRD or ARCB or CODA?

In this comparison, ARCB (0.

4% yield) pays a dividend. SAIH, FWRD, CODA do not pay a meaningful dividend and should not be held primarily for income.

09

Is SAIH or FWRD or ARCB or CODA better for a retirement portfolio?

For long-horizon retirement investors, Coda Octopus Group, Inc.

(CODA) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 1. 00), +844. 4% 10Y return). 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 (CODA: +844. 4%, 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.

10

What are the main differences between SAIH and FWRD and ARCB and CODA?

These companies operate in different sectors (SAIH (Technology) and FWRD (Industrials) and ARCB (Industrials) and CODA (Industrials)), which means they face different economic cycles, regulatory environments, and macro sensitivities — making direct comparison nuanced.

In terms of investment character: SAIH is a small-cap quality compounder stock; FWRD is a small-cap quality compounder stock; ARCB is a small-cap quality compounder stock; CODA is a small-cap high-growth stock. 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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  • Market Cap > $100B
  • Gross Margin > 13%
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(SAIH: -18.2% · FWRD: -5.1%)

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