Forward Air Corporation (FWRD)

NASDAQ: FWRD · Real-Time Price · USD
13.75
+0.20 (1.48%)
Jul 17, 2026, 4:00 PM EDT - Market closed
Market Cap434.84M -47.4%
Revenue (ttm)2.46B -3.2%
Net Income-91.48M
EPS-2.95
Shares Out 31.63M
PE Ration/a
Forward PEn/a
Dividendn/a
Ex-Dividend Daten/a
Volume522,067
Open13.41
Previous Close13.55
Day's Range13.29 - 13.80
52-Week Range7.86 - 32.47
Beta1.36
AnalystsBuy
Price Target18.33 (+33.31%)
Earnings DateAug 5, 2026

About FWRD

Forward Air Corporation, together with its subsidiaries, operates as an asset-light freight and logistics company in the United States, Mexico, Europe, Asia, and Canada. The company operates through three segments: Expedited Freight, Omni Logistics, and Intermodal. Its Expedited Freight segment provides expedited regional, inter-regional, and national less-than-truckload services; local pick-up and delivery services; and other services, which include shipment consolidation and deconsolidation, warehousing, customs brokerage, and other handling.... [Read more]

IPO Date Nov 16, 1993
Employees 6,356
Stock Exchange NASDAQ
Ticker Symbol FWRD
Full Company Profile

Financial Performance

In 2025, Forward Air's revenue was $2.50 billion, an increase of 0.84% compared to the previous year's $2.47 billion. Losses were -$107.80 million, -87.22% less than in 2024.

Financial Statements

Analyst Summary

According to 6 analysts, the average rating for FWRD stock is "Buy." The 12-month stock price target is $18.33, which is an increase of 33.31% from the latest price.

Price Target
$18.33
(33.31% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Forward Air Corporation Announces Timing of Second Quarter 2026 Earnings Release and Conference Call

DALLAS--(BUSINESS WIRE)--Forward Air Corporation (NASDAQ: FWRD) (“Forward” or the “Company”) will release its second quarter 2026 earnings after the market closes on Wednesday, August 5, 2026, and hol...

2 days ago - Business Wire

Forward Air executive chairman Jerome Lorrain resigns

According to a regulatory filing, on July 10, 2026, Jerome Lorrain resigned as the Executive Chairman of the Board of Directors of Forward Air (FWRD) Corporation. Lorrain will continue to…

7 days ago - TheFly

Forward Air could be ‘complementary fit’ for Amazon’s LTL offering, FW reports

Amazon’s (AMZN) newly launched national LTL network provides a strong economy-tier freight platform, but acquiring Forward Air (FWRD) could quickly add a premium expedited offering, leveraging Forward...

Other symbols: AMZN
5 weeks ago - TheFly

Forward Air Corporation Shareholders Are Encouraged to Reach Out to Johnson Fistel for More Information About Potentially Recovering Their Losses

SAN DIEGO, May 08, 2026 (GLOBE NEWSWIRE) -- Johnson Fistel, PLLP is investigating potential claims on behalf of investors of Forward Air Corporation (NASDAQ: FWRD). The investigation focuses on Forwar...

2 months ago - GlobeNewsWire

Forward Air price target lowered to $18 from $42 at Susquehanna

Susquehanna lowered the firm’s price target on Forward Air (FWRD) to $18 from $42 and keeps a Positive rating on the shares. The firm updated its model following its announcement…

2 months ago - TheFly

Forward Air price target lowered to $17 from $30 at Stifel

Stifel lowered the firm’s price target on Forward Air (FWRD) to $17 from $30 and keeps a Buy rating on the shares.

2 months ago - TheFly

Forward Air reports Q1 EPS ($1.09), consensus (37c)

Reports Q1 revenue $582.0M, consensus $620.2M. The company states: “While no formal notices of termination have been delivered, the Company is currently in active discussions with one of its largest…

2 months ago - TheFly

Forward Air down 46% at $9.30 after Q1 results

16:37 EDT Forward Air (FWRD) down 46% at $9.30 after Q1 results

2 months ago - TheFly

Forward Air Earnings Call Transcript: Q1 2026

Q1 2026 saw operating income rise to $20M and adjusted EBITDA to $70M, with strong liquidity of $402M. Management is addressing a major customer transition expected to impact 2027 and is divesting non-core assets totaling $394M in revenue.

2 months ago - Transcripts

Forward Air Earnings release: Q1 2026

Forward Air released its Q1 2026 earnings on May 7, 2026, summarizing the period's financial results.

2 months ago - Filings

Forward Air Slides: Q1 2026

Forward Air has posted slides in relation to its Q1 2026 quarterly earnings report, which was published on May 7, 2026.

2 months ago - Filings

Forward Air Quarterly report: Q1 2026

Forward Air has published its Q1 2026 quarterly earnings report on May 7, 2026.

2 months ago - Filings

Forward Air Corporation Reports First Quarter 2026 Results

DALLAS--(BUSINESS WIRE)--Forward Air Corporation (NASDAQ:FWRD) (the “Company”, “Forward”, “we”, “our”, or “us”) today reported financial results for the three months ended March 31, 2026, as presented...

2 months ago - Business Wire

Forward Air Awarded on USA TODAY's America's Climate Leaders 2026 List

DALLAS--(BUSINESS WIRE)--Forward Air Corporation (NASDAQ: FWRD) (“Forward” or the “Company”) today announced it has been named on USA TODAY's list of America's Climate Leaders 2026. Presented by USA T...

2 months ago - Business Wire

Forward Air Proxy statement: Proxy filing

Forward Air filed a proxy statement on April 29, 2026, providing details for shareholder voting and corporate governance matters.

2 months ago - Filings

Forward Air Proxy statement: Proxy filing

Forward Air filed a proxy statement on April 29, 2026, providing details for shareholder voting and corporate governance matters.

2 months ago - Filings

Forward Air Corporation Announces Timing of First Quarter 2026 Earnings Release and Conference Call

DALLAS--(BUSINESS WIRE)--Forward Air Corporation (NASDAQ: FWRD) (“Forward” or the “Company”) will release its first quarter 2026 earnings after the market closes on Thursday, May 7, 2026, and hold a c...

2 months ago - Business Wire

Forward Air price target lowered to $30 from $31 at Stifel

Stifel analyst J. Bruce Chan lowered the firm’s price target on Forward Air (FWRD) to $30 from $31 and keeps a Buy rating on the shares. The firm expects overall…

3 months ago - TheFly

Forward Air Named to Newsweek's List of Most Trustworthy Companies in America 2026

DALLAS--(BUSINESS WIRE)--Forward Air Corporation (NASDAQ: FWRD) (“Forward” or the “Company”) today announced it has been named to Newsweek's list of the Most Trustworthy Companies in America 2026. The...

3 months ago - Business Wire

Forward Air and Omni Logistics Leaders Recognized as 2026 Pros to Know by Supply & Demand Chain Executive

DALLAS--(BUSINESS WIRE)--Forward Air Corporation (NASDAQ: FWRD) (“Forward” or the “Company”) today announced that four leaders have been named recipients of the 2026 Pros to Know award by Supply & Dem...

4 months ago - Business Wire

Forward Air Named 2026 Surface Carrier of the Year by the Airforwarders Association

DALLAS--(BUSINESS WIRE)--Forward Air Corporation (NASDAQ: FWRD) (“Forward Air” or the “Company”) today announced that the Company has been named the 2026 Surface Carrier of the Year by the Airforwarde...

5 months ago - Business Wire

Forward Air price target lowered to $42 from $45 at Susquehanna

Susquehanna analyst Bascome Majors lowered the firm’s price target on Forward Air (FWRD) to $42 from $45 and keeps a Positive rating on the shares. The firm said the company’s…

5 months ago - TheFly

Forward Air Earnings Call Transcript: Q4 2025

Delivered stable EBITDA and improved cash flow in 2025 despite a freight recession, driven by cost discipline, operational integration, and global expansion. Segment margins improved, especially in Expedited Freight and Omni Logistics, while liquidity and operating leverage position the company for future growth.

5 months ago - Transcripts

Forward Air Annual report: Q4 2025

Forward Air has published its Q4 2025 annual report on February 23, 2026.

5 months ago - Filings

Forward Air Earnings release: Q4 2025

Forward Air released its Q4 2025 earnings on February 23, 2026, summarizing the period's financial results.

5 months ago - Filings