Forward Air Corporation (FWRD)
NASDAQ: FWRD · Real-Time Price · USD
17.89
0.00 (0.00%)
Sep 4, 2026, 4:00 PM EDT - Market closed
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 | 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 & Equivalents | 139.45 | 106 | 104.9 | 121.97 | 45.82 | 37.32 |
Cash & Short-Term Investments | 139.45 | 106 | 104.9 | 121.97 | 45.82 | 37.32 |
Cash Growth | 46.59% | 1.04% | -13.99% | 166.18% | 22.80% | -7.30% |
Accounts Receivable | 369.47 | 343.56 | 322.29 | 153.27 | 188.23 | 208.09 |
Other Receivables | 6.1 | 6.15 | 0.21 | 5.41 | - | 8.1 |
Receivables | 375.57 | 349.71 | 322.5 | 158.68 | 188.23 | 216.18 |
Prepaid Expenses | 26.47 | 28.05 | 29.05 | 25.68 | 24.77 | 22.28 |
Restricted Cash | - | - | 0.36 | 39.6 | - | - |
Other Current Assets | 41.63 | 37.25 | 15.69 | 1.1 | 45.5 | 7.03 |
Total Current Assets | 583.12 | 521 | 472.5 | 347.03 | 304.32 | 282.81 |
Property, Plant & Equipment | 636.1 | 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 | 860.92 | 906.79 | 999.22 | 142.15 | 115.58 | 154.72 |
Other Long-Term Assets | 52.01 | 58.02 | 71.94 | 1,849 | 152.77 | 46.25 |
Total Assets | 2,411 | 2,719 | 2,803 | 2,980 | 1,208 | 1,118 |
Liabilities
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 |
Accounts Payable | 118.65 | 121.75 | 105.69 | 45.43 | 50.09 | 44.84 |
Accrued Expenses | 118.55 | 109.12 | 119.38 | 87.01 | 42.38 | 50.54 |
Current Portion of Long-Term Debt | - | - | - | - | 1.5 | 1.5 |
Current Portion of Leases | 122.46 | 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 | 81.91 | 56.87 | 29.76 | 16.48 | 25.34 | 15.7 |
Total Current Liabilities | 441.57 | 428.33 | 384.05 | 237.09 | 169.4 | 164.69 |
Long-Term Debt | 1,693 | 1,687 | 1,676 | 1,791 | 106.59 | 155.47 |
Long-Term Leases | 294.18 | 349.4 | 356.5 | 98.33 | 108.61 | 110.98 |
Long-Term Deferred Tax Liabilities | 24.36 | 27.22 | 38.17 | 42.2 | 51.09 | 43.41 |
Other Long-Term Liabilities | 80.06 | 65.09 | 62.13 | 47.14 | 65.14 | 49.62 |
Total Liabilities | 2,534 | 2,557 | 2,517 | 2,215 | 500.83 | 524.17 |
Shareholders' Equity
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 |
Common Stock | 0.34 | 0.31 | 0.3 | 0.26 | 0.27 | 0.27 |
Additional Paid-In Capital | 575.82 | 559.55 | 542.39 | 283.68 | 270.86 | 258.47 |
Retained Earnings | -690.32 | -447.1 | -338.23 | 480.32 | 436.12 | 334.91 |
Comprehensive Income & Other | -1.26 | 0.58 | -2.73 | - | - | - |
Total Common Equity | -115.43 | 113.34 | 201.73 | 764.26 | 707.24 | 593.65 |
Minority Interest | -7.24 | 48.32 | 84.14 | - | - | - |
Shareholders' Equity | -122.67 | 161.66 | 285.87 | 764.26 | 707.24 | 593.65 |
Total Liabilities & Equity | 2,411 | 2,719 | 2,803 | 2,980 | 1,208 | 1,118 |
Additional Metrics
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 |
Total Debt | 2,110 | 2,160 | 2,146 | 1,946 | 266.78 | 320.07 |
Net Cash (Debt) | -1,971 | -2,054 | -2,041 | -1,824 | -220.96 | -282.75 |
Net Cash Growth | - | - | - | - | - | - |
Net Cash Per Share | -62.40 | -66.86 | -74.11 | -70.14 | -8.21 | -10.36 |
Filing Date Shares Outstanding | 33.78 | 31.55 | 30.4 | 26.37 | 26.34 | 26.94 |
Total Common Shares Outstanding | 33.74 | 31.33 | 29.76 | 25.67 | 26.46 | 26.97 |
Working Capital | 141.55 | 92.68 | 88.45 | 109.93 | 134.92 | 118.12 |
Book Value Per Share | -3.42 | 3.62 | 6.78 | 29.77 | 26.73 | 22.01 |
Tangible Book Value | -1,255 | -1,316 | -1,320 | 343.41 | 333.68 | 172.19 |
Tangible Book Value Per Share | -37.20 | -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 |