Forward Air Corporation (FWRD)

NASDAQ: FWRD · Real-Time Price · USD

23.44

+0.69 (3.03%)

At close: Apr 24, 2026, 4:00 PM EDT

23.44

0.00 (0.00%)

After-hours: Apr 24, 2026, 7:36 PM EDT

Forward Air Ratios and Metrics

Market cap in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Apr '26 Apr 24, 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
Market Cap	740	783	960	1,614	2,776	3,266
Market Cap Growth	131.71%	-18.40%	-40.53%	-41.85%	-15.01%	55.58%
Enterprise Value	2,793	2,762	2,971	3,381	2,945	3,495
Last Close Price	23.44	25.00	32.25	62.87	104.89	121.09
PE Ratio	-	-7.12	-1.05	9.82	14.69	31.45
Forward PE	-	-	-	14.52	14.06	23.85
PEG Ratio	-	1.56	1.56	1.56	1.56	1.56
PS Ratio	0.30	0.31	0.39	1.18	1.65	2.35
PB Ratio	6.48	6.91	4.76	2.11	3.92	5.50
P/TBV Ratio	6.35	6.78	4.40	2.14	3.99	5.57
P/FCF Ratio	48.44	51.29	-9.05	9.58	13.16	39.71
P/OCF Ratio	16.66	17.65	-13.91	8.10	11.10	27.08
EV/Sales Ratio	1.12	1.11	1.20	2.47	1.75	2.52
EV/EBITDA Ratio	11.62	14.61	-3.23	23.22	10.15	19.20
EV/EBIT Ratio	31.86	75.83	-2.80	38.33	11.89	23.77
EV/FCF Ratio	182.95	180.91	-28.01	20.07	13.96	42.50
Debt / Equity Ratio	12.60	12.60	7.11	2.47	0.30	0.45
Debt / EBITDA Ratio	11.89	11.42	-2.33	13.36	0.92	1.76
Debt / FCF Ratio	60.52	141.45	-20.23	11.55	1.26	3.89
Net Debt / Equity Ratio	18.12	18.12	10.12	2.39	0.31	0.48
Net Debt / EBITDA Ratio	11.30	10.86	-2.22	12.53	0.76	1.55
Net Debt / FCF Ratio	57.55	134.51	-19.24	10.83	1.05	3.44
Asset Turnover	0.90	0.90	0.86	0.65	1.44	1.28
Quick Ratio	1.06	1.06	1.11	1.18	1.38	1.54
Current Ratio	1.22	1.22	1.23	1.46	1.80	1.72
Return on Equity (ROE)	-72.46%	-63.34%	-214.23%	5.82%	27.58%	18.73%
Return on Assets (ROA)	1.01%	1.27%	-33.09%	3.18%	15.75%	10.17%
Return on Invested Capital (ROIC)	1.15%	1.45%	-36.64%	3.50%	18.00%	11.64%
Return on Capital Employed (ROCE)	1.23%	1.55%	-41.19%	4.67%	24.86%	16.08%
Earnings Yield	-14.57%	-14.04%	-94.98%	10.18%	6.81%	3.18%
FCF Yield	2.06%	1.95%	-11.05%	10.44%	7.60%	2.52%
Dividend Yield	-	0.00%	0.00%	1.53%	0.92%	0.70%
Payout Ratio	-	0.00%	0.00%	14.94%	13.39%	21.70%
Buyback Yield / Dilution	-11.54%	-11.54%	-5.91%	3.43%	1.34%	1.46%
Total Shareholder Return	-11.54%	-11.54%	-5.91%	4.96%	2.26%	2.16%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q