Forward Air Corporation (FWRD)

NASDAQ: FWRD · Real-Time Price · USD

17.39

+0.23 (1.34%)

At close: Nov 13, 2026, 4:00 PM EST

17.42

+0.03 (0.17%)

After-hours: Nov 13, 2026, 6:00 PM EST

Forward Air Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 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 & Equivalents	184.93	106	104.9	121.97	45.82	37.32
Cash & Short-Term Investments	184.93	106	104.9	121.97	45.82	37.32
Cash Growth	31.76%	1.04%	-13.99%	166.18%	22.80%	-7.30%
Accounts Receivable	392.44	343.56	322.29	153.27	188.23	208.09
Other Receivables	4.17	6.15	0.21	5.41	-	8.1
Receivables	396.61	349.71	322.5	158.68	188.23	216.18
Prepaid Expenses	26.1	28.05	29.05	25.68	24.77	22.28
Restricted Cash	-	-	0.36	39.6	-	-
Other Current Assets	41.53	37.25	15.69	1.1	45.5	7.03
Total Current Assets	649.17	521	472.5	347.03	304.32	282.81
Property, Plant & Equipment	611.09	710.42	736.27	362.29	377.43	367.29
Goodwill	278.71	522.71	522.71	278.71	257.99	266.75
Other Intangible Assets	836.82	906.79	999.22	142.15	115.58	154.72
Other Long-Term Assets	56.7	58.02	71.94	1,849	152.77	46.25
Total Assets	2,432	2,719	2,803	2,980	1,208	1,118

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 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
Accounts Payable	124.6	121.75	105.69	45.43	50.09	44.84
Accrued Expenses	149.58	109.12	119.38	87.01	42.38	50.54
Current Portion of Long-Term Debt	-	-	-	-	1.5	1.5
Current Portion of Leases	119.24	123.02	113.37	56.99	50.09	52.12
Current Income Taxes Payable	-	4.38	5.95	31.19	-	-
Current Unearned Revenue	-	13.18	9.9	-	-	-
Other Current Liabilities	65.6	56.87	29.76	16.48	25.34	15.7
Total Current Liabilities	459.03	428.33	384.05	237.09	169.4	164.69
Long-Term Debt	1,697	1,687	1,676	1,791	106.59	155.47
Long-Term Leases	280.27	349.4	356.5	98.33	108.61	110.98
Long-Term Deferred Tax Liabilities	24.16	27.22	38.17	42.2	51.09	43.41
Other Long-Term Liabilities	81.46	65.09	62.13	47.14	65.14	49.62
Total Liabilities	2,541	2,557	2,517	2,215	500.83	524.17

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 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
Common Stock	0.34	0.31	0.3	0.26	0.27	0.27
Additional Paid-In Capital	578.79	559.55	542.39	283.68	270.86	258.47
Retained Earnings	-679	-447.1	-338.23	480.32	436.12	334.91
Comprehensive Income & Other	0.14	0.58	-2.73	-	-	-
Total Common Equity	-99.74	113.34	201.73	764.26	707.24	593.65
Minority Interest	-9.21	48.32	84.14	-	-	-
Shareholders' Equity	-108.94	161.66	285.87	764.26	707.24	593.65
Total Liabilities & Equity	2,432	2,719	2,803	2,980	1,208	1,118

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 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
Total Debt	2,096	2,160	2,146	1,946	266.78	320.07
Net Cash (Debt)	-1,911	-2,054	-2,041	-1,824	-220.96	-282.75
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-59.21	-66.86	-74.11	-70.14	-8.21	-10.36
Filing Date Shares Outstanding	33.75	31.55	30.4	26.37	26.34	26.94
Total Common Shares Outstanding	33.75	31.33	29.76	25.67	26.46	26.97
Working Capital	190.15	92.68	88.45	109.93	134.92	118.12
Book Value Per Share	-2.96	3.62	6.78	29.77	26.73	22.01
Tangible Book Value	-1,215	-1,316	-1,320	343.41	333.68	172.19
Tangible Book Value Per Share	-36.01	-42.01	-44.36	13.38	12.61	6.38
Land	-	26.52	26.52	26.48	26.48	26.48
Buildings	-	95.86	95.8	94.28	94.28	67.27
Machinery	-	370.04	364.41	320.56	283.53	259.03
Construction In Progress	-	4.05	16.4	11.52	13.9	27.07
Leasehold Improvements	-	86.77	68.46	24.39	16.78	13.78

SEC Filings: 10-K · 10-Q