Forward Air Corporation (FWRD)
NASDAQ: FWRD · Real-Time Price · USD
17.27
+0.04 (0.23%)
May 8, 2025, 4:00 PM - Market closed
Forward Air Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Year | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | 2015 - 2019 |
|---|---|---|---|---|---|---|---|
Period Ending | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 | Dec '20 Dec 31, 2020 | 2015 - 2019 |
| Revenue | 2,546 | 2,474 | 1,371 | 1,680 | 1,387 | 1,270 | Upgrade
|
| Revenue Growth (YoY) | 63.73% | 80.51% | -18.39% | 21.08% | 9.27% | 4.48% | Upgrade
|
| Cost of Revenue | 2,041 | 1,991 | 983.18 | 1,145 | 1,038 | 1,003 | Upgrade
|
| Gross Profit | 504.41 | 483.63 | 387.56 | 534.22 | 348.92 | 266.24 | Upgrade
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| Selling, General & Admin | 66.81 | 64.68 | 50.13 | 47.48 | 39.41 | 34.91 | Upgrade
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| Other Operating Expenses | 218.63 | 228.04 | 134.32 | 196.6 | 127.52 | 120.28 | Upgrade
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| Operating Expenses | 434.99 | 436.7 | 241.86 | 286.63 | 201.9 | 192.31 | Upgrade
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| Operating Income | 69.43 | 46.93 | 145.7 | 247.59 | 147.03 | 73.92 | Upgrade
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| Interest Expense | -194.01 | -189.22 | -31.57 | -5.14 | -4.34 | -4.56 | Upgrade
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| Currency Exchange Gain (Loss) | 0.84 | 1.09 | - | - | - | - | Upgrade
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| Other Non Operating Income (Expenses) | 1.32 | 1.23 | - | - | - | -0 | Upgrade
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| EBT Excluding Unusual Items | -122.42 | -139.97 | 114.13 | 242.45 | 142.69 | 69.36 | Upgrade
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| Merger & Restructuring Charges | -33.47 | -81.47 | -57.49 | - | - | - | Upgrade
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| Impairment of Goodwill | -1,028 | -1,028 | - | - | - | - | Upgrade
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| Pretax Income | -1,184 | -1,250 | 56.64 | 242.45 | 142.69 | 69.36 | Upgrade
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| Income Tax Expense | -87.05 | -124.99 | 13.84 | 63.04 | 35.81 | 16.59 | Upgrade
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| Earnings From Continuing Operations | -1,097 | -1,125 | 42.8 | 179.41 | 106.88 | 52.77 | Upgrade
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| Earnings From Discontinued Operations | -6.39 | -6.39 | 124.55 | 13.78 | -1.02 | -29.03 | Upgrade
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| Net Income to Company | -1,104 | -1,131 | 167.35 | 193.19 | 105.86 | 23.73 | Upgrade
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| Minority Interest in Earnings | 297.73 | 314.26 | - | - | - | - | Upgrade
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| Net Income | -805.89 | -816.97 | 167.35 | 193.19 | 105.86 | 23.73 | Upgrade
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| Preferred Dividends & Other Adjustments | -11.87 | - | 0.86 | 1.07 | 0.74 | 0.39 | Upgrade
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| Net Income to Common | -794.03 | -816.97 | 166.49 | 192.12 | 105.12 | 23.35 | Upgrade
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| Net Income Growth | - | - | -13.38% | 82.50% | 346.04% | -72.75% | Upgrade
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| Shares Outstanding (Basic) | 29 | 28 | 26 | 27 | 27 | 28 | Upgrade
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| Shares Outstanding (Diluted) | 29 | 28 | 26 | 27 | 27 | 28 | Upgrade
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| Shares Change (YoY) | 10.01% | 5.91% | -3.43% | -1.34% | -1.46% | -2.16% | Upgrade
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| EPS (Basic) | -27.83 | -29.66 | 6.43 | 7.17 | 3.87 | 0.84 | Upgrade
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| EPS (Diluted) | -28.76 | -30.63 | 6.43 | 7.14 | 3.85 | 0.84 | Upgrade
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| EPS Growth | - | - | -10.03% | 85.37% | 357.70% | -72.30% | Upgrade
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| Free Cash Flow | -40.06 | -112.46 | 150.66 | 219.84 | 81.89 | 64.4 | Upgrade
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| Free Cash Flow Per Share | -1.40 | -4.08 | 5.79 | 8.16 | 3.00 | 2.33 | Upgrade
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| Dividend Per Share | - | - | 0.960 | 0.960 | 0.840 | 0.750 | Upgrade
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| Dividend Growth | - | - | - | 14.29% | 12.00% | 4.17% | Upgrade
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| Gross Margin | 19.81% | 19.55% | 28.27% | 31.80% | 25.15% | 20.97% | Upgrade
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| Operating Margin | 2.73% | 1.90% | 10.63% | 14.74% | 10.60% | 5.82% | Upgrade
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| Profit Margin | -31.19% | -33.02% | 12.15% | 11.44% | 7.58% | 1.84% | Upgrade
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| Free Cash Flow Margin | -1.57% | -4.54% | 10.99% | 13.09% | 5.90% | 5.07% | Upgrade
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| EBITDA | 215.6 | 187.53 | 200.2 | 287.59 | 179.6 | 109 | Upgrade
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| EBITDA Margin | 8.47% | 7.58% | 14.61% | 17.12% | 12.95% | 8.58% | Upgrade
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| D&A For EBITDA | 146.18 | 140.6 | 54.5 | 39.99 | 32.57 | 35.07 | Upgrade
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| EBIT | 69.43 | 46.93 | 145.7 | 247.59 | 147.03 | 73.92 | Upgrade
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| EBIT Margin | 2.73% | 1.90% | 10.63% | 14.74% | 10.60% | 5.82% | Upgrade
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| Effective Tax Rate | - | - | 24.43% | 26.00% | 25.09% | 23.92% | Upgrade
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Updated Mar 24, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.