Forward Air Corporation (FWRD)

Forward Air Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	141.02	106	104.9	121.97	45.82	37.32
Cash & Short-Term Investments	141.02	106	104.9	121.97	45.82	37.32
Cash Growth	21.25%	1.04%	-13.99%	166.18%	22.80%	-7.30%
Accounts Receivable	330.7	343.56	322.29	153.27	188.23	208.09
Other Receivables	3.08	6.15	0.21	5.41	-	8.1
Total Trade Receivables	333.78	349.71	322.5	158.68	188.23	216.18
Other Current Assets	67.56	65.3	45.1	66.38	70.26	29.31
Total Current Assets	542.36	521	472.5	347.03	304.32	282.81
Net Property, Plant & Equipment	689.36	710.42	736.27	369.65	377.43	367.29
Other Intangible Assets	884.02	906.79	999.22	134.79	115.58	154.72
Goodwill	522.71	522.71	522.71	278.71	257.99	266.75
Other Long-Term Assets	57.43	58.02	71.94	1,849	152.77	46.25
Total Assets	2,696	2,719	2,803	2,980	1,208	1,118
Accounts Payable	103.69	121.75	105.69	45.43	50.09	44.84
Accrued Expenses	133.14	114.42	119.84	62.95	49.92	61.62
Current Portion of Long-Term Debt	15.32	16	16.93	12.65	9.32	6.09
Current Portion of Leases	112.81	107.03	96.44	44.34	42.27	47.53
Other Current Liabilities	76.94	69.13	45.15	71.73	17.81	4.61
Total Current Liabilities	441.9	428.33	384.05	237.09	169.4	164.69
Long-Term Debt	1,690	1,687	1,676	1,791	106.59	155.47
Long-Term Leases	332	349.4	356.5	98.33	108.61	110.98
Other Long-Term Liabilities	109.45	92.31	100.3	89.34	116.23	93.03
Total Long-Term Liabilities	2,132	2,129	2,133	1,978	331.43	359.48
Total Liabilities	2,574	2,557	2,517	2,215	500.83	524.17
Common Stock	0.32	0.31	0.3	0.26	0.27	0.27
Additional Paid-in Capital	564.63	559.55	542.39	283.68	270.86	258.47
Accumulated Other Comprehensive Income	-1.03	0.58	-2.73	-	-	-
Retained Earnings	-482.91	-447.1	-338.23	480.32	436.12	334.91
Total Common Shareholders' Equity	81	113.34	201.73	764.26	707.24	593.65
Minority Interest	41.28	48.32	84.14	-	-	-
Shareholders' Equity	122.28	161.66	285.87	764.26	707.24	593.65
Total Liabilities & Equity	2,696	2,719	2,803	2,980	1,208	1,118
Total Debt	2,150	2,160	2,146	1,946	266.78	320.07
Net Cash (Debt)	-2,009	-2,054	-2,041	-1,824	-220.96	-282.75
Net Cash Per Share	-64.75	-66.86	-74.11	-70.14	-8.21	-10.36
Book Value	81	113.34	201.73	764.26	707.24	593.65
Book Value Per Share	2.61	3.69	7.32	29.39	26.27	21.75
Tangible Book Value	-1,326	-1,316	-1,320	350.77	333.68	172.19
Tangible Book Value Per Share	-42.72	-42.85	-47.94	13.49	12.39	6.31

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

SEC Filings: 10-K · 10-Q