Forward Air Corporation (FWRD)

NASDAQ: FWRD · Real-Time Price · USD

15.30

-0.32 (-2.05%)

At close: Oct 23, 2026, 4:00 PM EDT

15.30

0.00 (0.00%)

After-hours: Oct 23, 2026, 4:10 PM EDT

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	Oct '26 Oct 23, 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	517	781	934	1,613	2,789	3,264
Market Cap Growth	-18.04%	-16.34%	-42.12%	-42.15%	-14.56%	54.44%
Enterprise Value	2,487	2,853	2,996	1,891	3,020	3,519
Last Close Price	15.30	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	Oct '26 Oct 23, 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	113.33	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	10.72	51.17	-	10.71	12.69	39.87
P/OCF Ratio	7.30	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	Oct '26 Oct 23, 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	8.83	11.87	15.69	12.99	10.50	19.59
EV/EBIT Ratio	19.66	32.55	63.84	21.44	12.20	23.93
EV/FCF Ratio	51.59	186.87	-	12.55	13.74	42.97

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct '26 Oct 23, 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%

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct '26 Oct 23, 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	-59.24%	-13.80%	-87.49%	10.37%	6.93%	3.24%
FCF Yield	9.33%	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	-7.26%	-11.54%	-5.91%	3.43%	1.34%	1.46%
Total Shareholder Return	-7.26%	-11.54%	-5.91%	4.96%	2.25%	2.16%

SEC Filings: 10-K · 10-Q