Forward Air Corporation (FWRD)
NASDAQ: FWRD · Real-Time Price · USD
15.49
-0.91 (-5.55%)
Sep 16, 2026, 4:00 PM EDT - Market closed
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 | Sep '26 Sep 16, 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 |
| 523 | 781 | 934 | 1,613 | 2,789 | 3,264 | |
Market Cap Growth | -42.10% | -16.34% | -42.12% | -42.15% | -14.56% | 54.44% |
Enterprise Value | 2,494 | 2,853 | 2,996 | 1,891 | 3,020 | 3,519 |
Last Close Price | 15.49 | 25.00 | 32.25 | 62.87 | 103.64 | 118.53 |
Price Ratios
Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 16, 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 | - | 108.80 | 88.18 | 14.52 | 14.06 | 23.85 |
PS Ratio | 0.21 | 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 | 10.85 | 51.17 | - | 10.71 | 12.69 | 39.87 |
P/OCF Ratio | 7.39 | 17.60 | - | 8.90 | 10.77 | 27.14 |
PEG Ratio | - | 32.65 | 32.65 | 0.73 | 1.65 | 1.56 |
EV Ratios
Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 16, 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 | 0.99 | 1.14 | 1.21 | 1.38 | 1.80 | 2.54 |
EV/EBITDA Ratio | 8.85 | 11.87 | 15.69 | 12.99 | 10.50 | 19.59 |
EV/EBIT Ratio | 19.71 | 32.55 | 63.84 | 21.44 | 12.20 | 23.93 |
EV/FCF Ratio | 51.72 | 186.87 | - | 12.55 | 13.74 | 42.97 |
Financial Efficiency
Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 16, 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 | -17.20 | 13.36 | 7.51 | 2.55 | 0.38 | 0.54 |
Debt / EBITDA Ratio | 2.48 | 2.67 | 2.83 | 3.04 | 0.37 | 0.53 |
Debt / FCF Ratio | 43.76 | 141.45 | - | 12.92 | 1.21 | 3.91 |
Net Debt / Equity Ratio | -16.06 | 12.70 | 7.14 | 2.39 | 0.31 | 0.48 |
Net Debt / EBITDA Ratio | 6.99 | 8.55 | 10.69 | 12.53 | 0.77 | 1.57 |
Net Debt / FCF Ratio | 40.87 | 134.51 | -18.15 | 12.11 | 1.00 | 3.45 |
Asset Turnover | 0.97 | 0.90 | 0.86 | 0.66 | 1.44 | 1.28 |
Quick Ratio | 1.17 | 1.06 | 1.11 | 1.18 | 1.38 | 1.54 |
Current Ratio | 1.32 | 1.22 | 1.23 | 1.46 | 1.80 | 1.72 |
Return on Equity (ROE) | -735.72% | -63.34% | -214.23% | 5.82% | 27.58% | 18.73% |
Return on Assets (ROA) | 3.06% | 1.98% | 1.01% | 2.63% | 13.31% | 8.49% |
Return on Invested Capital (ROIC) | 6.17% | 3.86% | 1.91% | 3.79% | 20.30% | 13.54% |
Return on Capital Employed (ROCE) | 6.40% | 3.80% | 1.90% | 3.20% | 23.80% | 15.40% |
Yields
Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 16, 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 | -54.69% | -13.80% | -87.49% | 10.37% | 6.93% | 3.24% |
FCF Yield | 9.21% | 1.95% | -12.04% | 9.34% | 7.88% | 2.51% |
Dividend Yield | - | - | - | 1.53% | 0.93% | 0.71% |
Payout Ratio | - | - | - | 14.94% | 13.39% | 21.70% |
Buyback Yield / Dilution | -7.26% | -11.54% | -5.91% | 3.43% | 1.34% | 1.46% |
Total Shareholder Return | -7.26% | -11.54% | -5.91% | 4.96% | 2.27% | 2.17% |