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 Ratios and Metrics

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

Millions USD. Fiscal year is Jan - Dec.

Total Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov '26 Nov 13, 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 Capitalization	587	781	934	1,613	2,789	3,264
Market Cap Growth	-13.48%	-16.34%	-42.12%	-42.15%	-14.56%	54.44%
Enterprise Value	2,498	2,853	2,996	1,891	3,020	3,519
Last Close Price	17.39	25.00	32.25	62.87	103.64	118.53

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov '26 Nov 13, 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	33.44	108.80	88.18	14.52	14.06	23.85
PS Ratio	0.23	0.31	0.38	1.18	1.66	2.35
PB Ratio	-	4.83	3.27	2.11	3.94	5.50
P/TBV Ratio	-	-	-	4.70	8.36	18.96
P/FCF Ratio	18.43	51.17	-	10.71	12.69	39.87
P/OCF Ratio	10.98	17.60	-	8.90	10.77	27.14
PEG Ratio	-	32.65	32.65	0.73	1.65	1.56

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov '26 Nov 13, 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
EV/Sales Ratio	0.98	1.14	1.21	1.38	1.80	2.54
EV/EBITDA Ratio	8.05	11.87	15.69	12.99	10.50	19.59
EV/EBIT Ratio	16.07	32.55	63.84	21.44	12.20	23.93
EV/FCF Ratio	78.43	186.87	-	12.55	13.74	42.97

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov '26 Nov 13, 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
Debt / Equity Ratio	-19.24	13.36	7.51	2.55	0.38	0.54
Debt / EBITDA Ratio	2.39	2.67	2.83	3.04	0.37	0.53
Debt / FCF Ratio	65.81	141.45	-	12.92	1.21	3.91
Net Debt / Equity Ratio	-17.54	12.70	7.14	2.39	0.31	0.48
Net Debt / EBITDA Ratio	6.16	8.55	10.69	12.53	0.77	1.57
Net Debt / FCF Ratio	60.00	134.51	-18.15	12.11	1.00	3.45
Asset Turnover	0.98	0.90	0.86	0.66	1.44	1.28
Quick Ratio	1.27	1.06	1.11	1.18	1.38	1.54
Current Ratio	1.41	1.22	1.23	1.46	1.80	1.72
Return on Equity (ROE)	-716.56%	-63.34%	-214.23%	5.82%	27.58%	18.73%
Return on Assets (ROA)	3.72%	1.98%	1.01%	2.63%	13.31%	8.49%
Return on Invested Capital (ROIC)	7.88%	3.86%	1.91%	3.79%	20.30%	13.54%
Return on Capital Employed (ROCE)	7.90%	3.80%	1.90%	3.20%	23.80%	15.40%

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov '26 Nov 13, 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
Earnings Yield	-46.17%	-13.80%	-87.49%	10.37%	6.93%	3.24%
FCF Yield	5.43%	1.95%	-12.04%	9.34%	7.88%	2.51%
Dividend Yield	-	-	-	1.53%	0.91%	0.69%
Payout Ratio	-	-	-	14.94%	13.39%	21.70%
Buyback Yield / Dilution	-6.85%	-11.54%	-5.91%	3.43%	1.34%	1.46%
Total Shareholder Return	-6.85%	-11.54%	-5.91%	4.96%	2.25%	2.16%

SEC Filings: 10-K · 10-Q