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
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 |
| 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 | 52.1 | 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 | -120.73 | -141.73 | -1,125 | 42.8 | 179.41 | 106.88 |
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% |
Free Cash Flow | 21.58 | 15.27 | -106.08 | 168.49 | 210.91 | 82.23 |
Free Cash Flow Growth | 41.35% | - | - | -20.11% | 156.48% | 8.43% |
Free Cash Flow Per Share | 0.70 | 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 | 2.11% | 1.46% | -42.96% | 6.44% | 14.74% | 10.60% |
Profit Margin | -4.90% | -5.68% | -45.46% | 3.12% | 10.68% | 7.70% |
FCF Margin | 0.88% | 0.61% | -4.29% | 12.29% | 12.56% | 5.93% |
EBITDA | 52.1 | 189.06 | -918.96 | 145.62 | 290.14 | 181.99 |
EBITDA Margin | 2.11% | 7.58% | -37.14% | 10.62% | 17.27% | 13.12% |
EBIT | 52.1 | 36.42 | -1,063 | 88.21 | 247.59 | 147.03 |
EBIT Margin | 2.11% | 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% |