Forward Air Corporation (FWRD)

NASDAQ: FWRD · Real-Time Price · USD

8.50

-0.26 (-2.97%)

At close: May 18, 2026, 4:00 PM EDT

8.54

+0.04 (0.47%)

After-hours: May 18, 2026, 5:21 PM EDT

Forward Air Income Statement

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	Mar '26 Mar 31, 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	2,464	2,495	2,474	1,371	1,680	1,387
Revenue Growth (YoY)	-3.21%	0.84%	80.51%	-18.39%	21.08%	9.27%
Cost of Revenue	1,958	2,004	1,991	983.18	1,145	1,038
Gross Profit	506.21	490.82	483.63	387.56	534.22	348.92
Selling, General & Admin	300.3	301.75	374.19	241.94	244.07	166.93
Depreciation & Amortization Expenses	153.8	152.64	143.98	57.41	42.55	34.97
Other Operating Expenses	-	-	1,028	-	-	-
Total Operating Expenses	454.1	454.39	1,547	299.35	286.63	201.9
Operating Income	12.14	36.42	-1,063	88.21	247.59	147.03
Interest Expense	-178.79	-180.75	-189.22	-31.57	-5.14	-4.34
Other Non-Operating Income (Expense)	-17.32	-2.87	2.32	-	-	-
Total Non-Operating Income (Expense)	-196.1	-183.62	-186.9	-31.57	-5.14	-4.34
Pretax Income	-144	-147.2	-1,250	56.64	242.45	142.69
Provision for Income Taxes	-23.27	-5.47	-124.99	13.84	63.04	35.81
Net Income	-91.48	-107.8	-816.97	167.35	193.19	105.86
Minority Interest in Earnings	-29.25	-33.93	-314.26	-	-	-
Earnings From Discontinued Operations	-	-	-6.39	124.55	13.78	-1.02
Net Income to Common	-91.48	-107.8	-816.97	167.35	193.19	105.86
Net Income Growth	-	-	-	-13.38%	82.50%	346.04%
Shares Outstanding (Basic)	31	31	28	26	27	27
Shares Outstanding (Diluted)	31	31	28	26	27	27
Shares Change (YoY)	8.75%	11.54%	5.91%	-3.43%	-1.34%	-1.46%
EPS (Basic)	-2.93	-3.51	-30.63	6.42	7.17	3.87
EPS (Diluted)	-2.93	-3.51	-30.63	6.40	7.14	3.85
EPS Growth	-	-	-	-10.36%	85.45%	103.70%
Shares Outstanding	31.6	31.33	29.76	25.67	26.46	26.97
Free Cash Flow	58.77	15.27	-106.08	168.49	210.91	82.23
Free Cash Flow Growth	284.90%	-	-	-20.11%	156.48%	8.43%
Free Cash Flow Per Share	1.89	0.50	-3.85	6.48	7.83	3.01
Dividends Per Share	-	-	-	0.960	0.960	0.840
Dividend Growth	-	-	-	-	14.29%	12.00%
Gross Margin	20.54%	19.67%	19.55%	28.27%	31.81%	25.15%
Operating Margin	0.49%	1.46%	-42.96%	6.44%	14.74%	10.60%
Profit Margin	-4.10%	-5.68%	-45.46%	3.12%	10.68%	7.70%
FCF Margin	2.39%	0.61%	-4.29%	12.29%	12.56%	5.93%
EBITDA	165.94	189.06	-918.96	145.62	290.14	181.99
EBITDA Margin	6.73%	7.58%	-37.14%	10.62%	17.27%	13.12%
EBIT	12.14	36.42	-1,063	88.21	247.59	147.03
EBIT Margin	0.49%	1.46%	-42.96%	6.44%	14.74%	10.60%
Effective Tax Rate	16.16%	3.72%	10.00%	24.43%	26.00%	25.10%

Updated May 11, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q