Forward Air Corporation (FWRD)
NASDAQ: FWRD · Real-Time Price · USD
17.70
+0.07 (0.40%)
Aug 27, 2026, 4:00 PM EDT - Market closed
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 | 126.51 | 87.66 | 46.93 | 88.21 | 247.59 | 147.03 |
Net Income Net Income Growth | -286.2 | -107.8 | -843.52 | 166.49 | 192.12 | 105.12 |
Earnings Per Share EPS Growth | -9.06 | -3.51 | -30.63 | 6.40 | 7.14 | 3.85 |
EPS Growth | - | - | - | -10.38% | 85.37% | 357.70% |
| 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 | -62.40 | -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 | 70.84 | 44.38 | -75.4 | 181.39 | 259.09 | 120.26 |
Capital Expenditures CapEx Growth | -22.63 | -29.12 | -37.06 | -30.73 | -39.25 | -38.38 |
Free Cash Flow Free Cash Flow Growth | 48.22 | 15.27 | -112.46 | 150.66 | 219.84 | 81.89 |
Free Cash Flow Growth | 643.84% | - | - | -31.47% | 168.47% | 27.16% |
| 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% | 31.80% | 25.15% |
Operating Margin | 5.02% | 3.51% | 1.90% | 6.44% | 14.74% | 10.60% |
Pretax Margin | -13.94% | -5.90% | -50.51% | 4.13% | 14.43% | 10.29% |
Profit Margin | -11.37% | -4.32% | -34.09% | 12.15% | 11.44% | 7.58% |
FCF Margin | 1.92% | 0.61% | -4.54% | 10.99% | 13.09% | 5.90% |
| 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% | 0.93% | 0.71% |
| Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Aug '26 Aug 28, 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 | - | - | - | 9.69 | 14.52 | 31.05 |
Forward PE | - | 108.80 | 88.18 | 14.52 | 14.06 | 23.85 |
P/FCF Ratio | 12.40 | 51.17 | - | 10.71 | 12.69 | 39.87 |
PS Ratio | 0.24 | 0.31 | 0.38 | 1.18 | 1.66 | 2.35 |