Forward Air Corporation (FWRD)
NASDAQ: FWRD · Real-Time Price · USD
19.48
+1.68 (9.44%)
Aug 7, 2026, 1:17 PM EDT - Market open
Forward Air Financials Overview
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
| Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Revenue Revenue Growth | 2,518 | 2,495 | 2,474 | 1,371 | 1,680 | 1,387 |
Revenue Growth | -0.11% | 0.84% | 80.51% | -18.39% | 21.08% | 9.27% |
Gross Profit Gross Profit Growth | 541.14 | 490.82 | 483.63 | 387.56 | 534.22 | 348.92 |
Operating Income Operating Income Growth | -201.31 | 36.42 | -1,063 | 88.21 | 247.59 | 147.03 |
Net Income Net Income Growth | -286.2 | -107.8 | -816.97 | 167.35 | 193.19 | 105.86 |
Earnings Per Share EPS Growth | -8.90 | -3.51 | -30.63 | 6.40 | 7.14 | 3.85 |
EPS Growth | - | - | - | -10.36% | 85.45% | 103.70% |
| Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Omni Logistics Omni Logistics Growth | 1,340 | 1,351 | 1,197 | - | - | - |
Intermodal Intermodal Growth | 221.71 | 230.53 | 232.83 | 274.04 | 419.72 | 289.21 |
Expedited Freight (Incl.Truckload Premium Services) Expedited Freight (Incl.Truckload Premium Services) Growth | 1,097 | 1,013 | 1,115 | 1,097 | 1,260 | 1,099 |
Corporate Corporate Growth | - | - | 0.16 | - | - | - |
Elimination of intersegmental revenues Elimination of intersegmental revenues Growth | - | -99.14 | -70.74 | -0.27 | -0.21 | - |
| Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Cash & Investments Cash & Investments Growth | 139.45 | 106 | 104.9 | 121.97 | 45.82 | 37.32 |
Total Debt Total Debt Growth | 2,110 | 2,160 | 2,146 | 1,946 | 266.78 | 320.07 |
Net Cash (Debt) Net Cash Growth | -1,971 | -2,054 | -2,041 | -1,824 | -220.96 | -282.75 |
Net Cash Growth | - | - | - | - | - | - |
Net Cash Per Share Net Cash Per Share Growth | -62.46 | -66.86 | -74.11 | -70.14 | -8.21 | -10.36 |
| Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Operating Cash Flow Operating Cash Flow Growth | 4.72 | 44.38 | -69.02 | 199.21 | 250.16 | 120.61 |
Capital Expenditures CapEx Growth | -22.63 | -29.12 | -37.06 | -30.73 | -39.25 | -38.38 |
Free Cash Flow Free Cash Flow Growth | -17.9 | 15.27 | -106.08 | 168.49 | 210.91 | 82.23 |
Free Cash Flow Growth | - | - | - | -20.11% | 156.48% | 8.43% |
| Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Gross Margin | 21.49% | 19.67% | 19.55% | 28.27% | 31.81% | 25.15% |
Operating Margin | -7.99% | 1.46% | -42.96% | 6.44% | 14.74% | 10.60% |
Pretax Margin | -13.94% | -5.90% | -50.51% | 4.13% | 14.43% | 10.29% |
Profit Margin | -13.67% | -5.68% | -45.46% | 3.12% | 10.68% | 7.70% |
FCF Margin | -0.71% | 0.61% | -4.29% | 12.29% | 12.56% | 5.93% |
| Fiscal Year | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|
| Period Ending | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Dividend Per Share Dividend Per Share Growth | 0.960 | 0.960 | 0.840 |
Dividend Per Share Growth | 0% | 14.29% | 12.00% |
Dividend Yield | 1.53% | 0.92% | 0.70% |
| Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Aug '26 Aug 7, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
PE Ratio | - | - | - | 9.82 | 14.69 | 31.45 |
Forward PE | - | 108.80 | 88.18 | 14.52 | 14.06 | 23.85 |
P/FCF Ratio | 13.56 | 51.29 | - | 9.58 | 13.16 | 39.71 |
PS Ratio | 0.26 | 0.31 | 0.39 | 1.18 | 1.65 | 2.35 |