Forward Air Corporation (FWRD)
NASDAQ: FWRD · Real-Time Price · USD
26.81
0.00 (0.00%)
Feb 13, 2026, 4:00 PM EST - 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 |
|---|---|---|---|---|---|---|
Period Ending | Sep '25 Sep 30, 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 |
| 2,497 | 2,474 | 1,371 | 1,680 | 1,387 | 1,270 | |
Revenue Growth (YoY) | 14.54% | 80.51% | -18.39% | 21.08% | 9.27% | 4.48% |
Cost of Revenue | 2,013 | 1,991 | 983.18 | 1,145 | 1,038 | 1,003 |
Gross Profit | 483.72 | 483.63 | 387.56 | 534.22 | 348.92 | 266.24 |
Selling, General & Admin | 62.98 | 64.68 | 50.13 | 47.48 | 39.41 | 34.91 |
Other Operating Expenses | 199.28 | 228.04 | 134.32 | 196.6 | 127.52 | 120.28 |
Operating Expenses | 411.84 | 436.7 | 241.86 | 286.63 | 201.9 | 192.31 |
Operating Income | 71.88 | 46.93 | 145.7 | 247.59 | 147.03 | 73.92 |
Interest Expense | -184.08 | -189.22 | -31.57 | -5.14 | -4.34 | -4.56 |
Currency Exchange Gain (Loss) | -3.11 | 1.09 | - | - | - | - |
Other Non Operating Income (Expenses) | 1.57 | 1.23 | - | - | - | -0 |
EBT Excluding Unusual Items | -113.73 | -139.97 | 114.13 | 242.45 | 142.69 | 69.36 |
Merger & Restructuring Charges | -35.8 | -81.47 | -57.49 | - | - | - |
Impairment of Goodwill | 79.07 | -1,028 | - | - | - | - |
Pretax Income | -70.47 | -1,250 | 56.64 | 242.45 | 142.69 | 69.36 |
Income Tax Expense | 70.22 | -124.99 | 13.84 | 63.04 | 35.81 | 16.59 |
Earnings From Continuing Operations | -140.69 | -1,125 | 42.8 | 179.41 | 106.88 | 52.77 |
Earnings From Discontinued Operations | -0.37 | -6.39 | 124.55 | 13.78 | -1.02 | -29.03 |
Net Income to Company | -141.06 | -1,131 | 167.35 | 193.19 | 105.86 | 23.73 |
Minority Interest in Earnings | 25.18 | 314.26 | - | - | - | - |
Net Income | -115.89 | -816.97 | 167.35 | 193.19 | 105.86 | 23.73 |
Preferred Dividends & Other Adjustments | - | - | 0.86 | 1.07 | 0.74 | 0.39 |
Net Income to Common | -115.89 | -816.97 | 166.49 | 192.12 | 105.12 | 23.35 |
Net Income Growth | - | - | -13.38% | 82.50% | 346.04% | -72.75% |
Shares Outstanding (Basic) | 30 | 28 | 26 | 27 | 27 | 28 |
Shares Outstanding (Diluted) | 30 | 28 | 26 | 27 | 27 | 28 |
Shares Change (YoY) | 13.33% | 5.91% | -3.43% | -1.34% | -1.46% | -2.16% |
EPS (Basic) | -3.84 | -29.66 | 6.43 | 7.17 | 3.87 | 0.84 |
EPS (Diluted) | -4.72 | -30.63 | 6.43 | 7.14 | 3.85 | 0.84 |
EPS Growth | - | - | -10.03% | 85.37% | 357.70% | -72.30% |
Free Cash Flow | 15.48 | -112.46 | 150.66 | 219.84 | 81.89 | 64.4 |
Free Cash Flow Per Share | 0.51 | -4.08 | 5.79 | 8.16 | 3.00 | 2.33 |
Dividend Per Share | - | - | 0.960 | 0.960 | 0.840 | 0.750 |
Dividend Growth | - | - | - | 14.29% | 12.00% | 4.17% |
Gross Margin | 19.37% | 19.55% | 28.27% | 31.80% | 25.15% | 20.97% |
Operating Margin | 2.88% | 1.90% | 10.63% | 14.74% | 10.60% | 5.82% |
Profit Margin | -4.64% | -33.02% | 12.15% | 11.44% | 7.58% | 1.84% |
Free Cash Flow Margin | 0.62% | -4.54% | 10.99% | 13.09% | 5.90% | 5.07% |
EBITDA | 218.07 | 187.53 | 200.2 | 287.59 | 179.6 | 109 |
EBITDA Margin | 8.73% | 7.58% | 14.61% | 17.12% | 12.95% | 8.58% |
D&A For EBITDA | 146.19 | 140.6 | 54.5 | 39.99 | 32.57 | 35.07 |
EBIT | 71.88 | 46.93 | 145.7 | 247.59 | 147.03 | 73.92 |
EBIT Margin | 2.88% | 1.90% | 10.63% | 14.74% | 10.60% | 5.82% |
Effective Tax Rate | - | - | 24.43% | 26.00% | 25.09% | 23.92% |
Updated Nov 5, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.