CYRX vs LSTR vs FWRD Stock Comparison

Cryoport, Landstar System and Forward Air Prices as of Oct 27, 2026 Peers: Industry group
CYRX Cryoport, Inc.
$18.41 +5.7% 1M +77.0% 1Y
Market cap
$932.44M
P/E
–
Revenue (TTM)
$186.45M
Div. yield
–
Logistics Industrials
4 wins
LSTR Landstar System Inc
$168.78 +3.1% 1M +30.3% 1Y
Market cap
$5.73B
P/E
42.2x
Revenue (TTM)
—
Div. yield
2.16%
Logistics Industrials
3 wins
FWRD Forward Air Corp
$15.14 +3.1% 1M -23.5% 1Y
Market cap
$510.76M
P/E
–
Revenue (TTM)
$2.52B
Div. yield
–
Logistics Industrials
2 wins

Head to Head

9 decided of 12

Cryoport leads on 4 of the 12 questions below (Cryoport 4, Landstar System 3, Forward Air 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionCYRXLSTRFWRDLeader
Larger companyMarket capitalisation $932.44M $5.73B $510.76M LSTR
Cheaper on earningsLower P/E, profitable companies only -20.5x 42.2x -1.7x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS — 27.4x — –
Faster revenue growthRevenue growth, trailing twelve months +12.1% — -0.1% CYRX
More profitableNet margin, trailing twelve months -24.3% — -11.4% FWRD
Better return on capitalReturn on invested capital -5.8% — -9.8% CYRX
Less leveragedLower net debt / EBITDA 16.6x — -115.3x FWRD
Higher dividend yieldTrailing dividend yield — 2.16% 0.00% –
Better 1-year returnPrice return, last 12 months +77.0% +30.3% -23.5% CYRX
Better 5-year returnAnnualised price return, 5 years -25.5%/yr -0.6%/yr -31.1%/yr LSTR
Less volatileAnnualised volatility, 1 year 48.4% 35.1% 92.3% LSTR
Higher overall scoreMean of the five percentile scores vs peers 30/100 — 21/100 CYRX

Percentile Scorecard

CYRXLSTRFWRD

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisCYRXLSTRFWRD
Valuation 4 #130 of 136 18 #112 of 136 33 #91 of 136
Growth 53 #57 of 121 – 20 #97 of 121
Profitability 10 #104 of 115 – 18 #95 of 115
Financial Health 64 #52 of 143 – 11 #127 of 143
Shareholder Returns 20 #66 of 82 40 #50 of 82 –
Overall 30 – 21
  • CYRX ranked among 150 companies in Transportation
  • LSTR ranked among 150 companies in Transportation
  • FWRD ranked among 150 companies in Transportation

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodCYRXLSTRFWRDSPY
1 month +5.7%+3.1%+3.1% -0.2%
3 months +21.4%-8.9%+2.4% +3.9%
6 months +82.3%-7.5%-32.4% +8.2%
Year to date +91.8%+17.5%-39.4% +12.9%
1 year +77.0%+30.3%-23.5% +12.3%
3 years +100.8%+3.8%-78.5% +87.4%
3 years, per year +26.2%+1.2%-40.1% +23.3%
5 years -77.0%-2.7%-84.5% +67.9%
5 years, per year -25.5%-0.6%-31.1% +10.9%
10 years +752.3%+137.4%-62.9% +261.1%
10 years, per year +23.9%+9.0%-9.4% +13.7%

Risk

MeasureCYRXLSTRFWRDSPY
Volatility, 1Y 48.4%35.1%92.3% 12.7%
Downside volatility, 1Y 45.3%37.1%113.8% 12.7%
Beta vs S&P 500, 1Y 1.570.711.52 1.00
Return / volatility, 1Y 1.590.86-0.25 0.97
Max drawdown, 5Y -94.4%-41.2%-93.3% -25.4%
From 52-week high -0.6%-25.1%-49.9% -1.2%
52-week high $18.53$225.37$30.23 $779.14
52-week low $7.72$121.51$8.31 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleCYRXLSTRFWRD
P/E now vs peer median -20.5xmedian 16.3x 42.2xmedian 16.3x -1.7xmedian 16.3x
P/S now vs peer median 5.0xmedian 1.0x 1.1xmedian 1.0x 0.2xmedian 1.0x
EV/EBITDA now vs peer median -57.0xmedian 8.7x —median 8.7x -153.2xmedian 8.7x
P/FCF now vs peer median -46.5xmedian 11.4x 31.6xmedian 11.4x 10.6xmedian 11.4x
P/B now vs peer median 1.9xmedian 1.2x 6.9xmedian 1.2x -4.2xmedian 1.2x
PEG now vs peer median -9.83median 0.82 —median 0.82 0.03median 0.82

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsCYRXLSTRFWRD
Revenue $186.45M – $2.52B
Gross profit $87.77M – –
Operating income -$39.62M – -$168.73M
Net income -$37.39M – -$330.71M
Free cash flow -$20.03M – $48.22M
R&D $17.75M – –
EPS (diluted) $-0.90 – $-8.81
Cash & equivalents $269.27M $297.32M $139.45M
Total debt $186.83M – $1.69B
Shares (diluted) 50.44M 33.94M 32.48M
Enterprise value -$700.41M $5.73B -$23.29M

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricCYRXLSTRFWRD
P/E -20.5x 42.2x -1.7x
P/FCF -46.5x 31.6x 10.6x
P/Operating cash flow 116.9x – 7.2x
P/S 5.0x 1.1x 0.2x
P/B 1.9x 6.9x -4.2x
P/Tangible book 2.6x 6.9x -0.5x
EV/EBITDA -57.0x – -153.2x
EV/EBIT -18.2x – -12.2x
EV/Revenue 3.9x – 0.8x
EV/FCF -36.1x – 42.8x
EV/Operating cash flow 90.6x – 29.1x
PEG (3Y EPS CAGR) -9.83 – 0.03

Growth

14 metrics
MetricCYRXLSTRFWRD
Revenue growth (1Y) 12.1% – -0.1%
Revenue CAGR (3Y) -8.2% – 18.1%
Gross profit growth (1Y) 14.1% – –
Gross profit CAGR (3Y) -5.6% – –
Operating income growth (1Y) 7.8% – -237.4%
Operating income CAGR (3Y) 5.7% – -42.5%
Net income growth (1Y) -147.3% – -72.8%
Net income CAGR (3Y) 1.1% – -61.1%
EPS growth (1Y) -163.7% – -54.9%
EPS CAGR (3Y) 2.1% – -52.0%
Operating cash flow growth (1Y) 147.7% – 67.4%
Operating cash flow CAGR (3Y) 33.4% – -34.7%
Free cash flow growth (1Y) 40.6% – 503.2%
Free cash flow CAGR (3Y) 10.5% – -39.4%

Profitability

14 metrics
MetricCYRXLSTRFWRD
Gross margin 47.1% – –
EBITDA margin -6.8% – -0.5%
Operating margin -21.2% – -6.7%
Pretax margin -16.6% – -13.9%
Net margin -24.3% – -11.4%
FCF margin -10.7% – 1.9%
Operating cash flow margin 4.3% – 2.8%
Return on equity -7.6% – –
Return on assets -4.9% – -13.6%
Return on invested capital -5.8% – -9.8%
Return on capital employed -7.4% – -8.0%
Asset turnover 0.2x – 1.0x
Cash conversion (OCF / net income) -0.2x – -0.2x
Stock comp / revenue 5.2% – 0.4%

Financial Health

11 metrics
MetricCYRXLSTRFWRD
Debt / assets 24.7% – 70.2%
Debt / equity 0.4x – -13.8x
Net debt / EBITDA 16.6x – -115.3x
Debt / FCF -9.3x – 35.1x
Liabilities / assets 35.1% – 105.1%
Equity / assets 64.9% 45.9% -5.1%
Interest coverage -18.8x – -1.0x
Current ratio 2.1x 1.8x 1.3x
Quick ratio 2.0x – 1.2x
Cash ratio 1.8x – 0.3x
Altman Z-score 1.25 – 0.60

Shareholder Returns

7 metrics
MetricCYRXLSTRFWRD
Dividend yield – 2.2% –
Net buyback yield 0.4% – –
Shareholder yield 0.4% 2.2% 0.0%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusCYRXLSTRFWRD
Forward P/E – 27.4xFY2026 –
EPS, next fiscal year $-0.77FY2026 $6.15FY2026 $-0.86FY2026
EPS growth, next FY -155.0%FY2026 +85.8%FY2026 –
EPS growth, the year after – +27.8% –
Revenue, next fiscal year $201.00MFY2026 $5.45BFY2026 $2.49BFY2026
Revenue growth, next FY +14.1%FY2026 +15.1%FY2026 -0.3%FY2026
Revenue growth, the year after +0.4% +17.6% +9.5%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersCYRXLSTRFWRD
Held by institutions 89.0% 100.0% 90.3%
Institutions holding 184 543 189
Change in shares held, QoQ -1.6% -2.8% +3.5%
Institutions buying 102 296 118
Institutions selling 49 153 45
Buyers to sellers 2.08 1.93 2.62

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

CYRXLSTRFWRD
CYRX 1.00 0.25 0.07
LSTR 0.25 1.00 0.28
FWRD 0.07 0.28 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, CYRX, LSTR and FWRD?

Landstar System (LSTR) is the largest by market capitalisation: Cryoport (CYRX) $932.44M, Landstar System (LSTR) $5.73B, Forward Air (FWRD) $510.76M.

Which company is growing faster?

Cryoport (CYRX) grew revenue fastest over the trailing twelve months: Cryoport (CYRX) +12.1%, Forward Air (FWRD) -0.1%.

Which company is more profitable?

Forward Air (FWRD) has the highest net margin (Cryoport (CYRX) -24.3%, Forward Air (FWRD) -11.4%). On return on invested capital, Cryoport (CYRX) leads (Cryoport (CYRX) -5.8%, Forward Air (FWRD) -9.8%).

Which stock has performed better?

Over the past year Cryoport (CYRX) returned the most: Cryoport (CYRX) +77.0%, Landstar System (LSTR) +30.3%, Forward Air (FWRD) -23.5%. Over five years, Landstar System (LSTR) compounded fastest (Cryoport (CYRX) -25.5%/yr, Landstar System (LSTR) -0.6%/yr, Forward Air (FWRD) -31.1%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Landstar System (LSTR) 2.16%, Forward Air (FWRD) 0.00%. Cryoport (CYRX) and Forward Air (FWRD) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Landstar System (LSTR) has been the steadiest (Cryoport (CYRX) 48.4%, Landstar System (LSTR) 35.1%, Forward Air (FWRD) 92.3%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, CYRX, LSTR and FWRD?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Cryoport (CYRX) leads on 4. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.