Forward Air Corporation (FWRD)
NASDAQ: FWRD · Real-Time Price · USD
19.31
+1.50 (8.46%)
Aug 7, 2026, 2:16 PM EDT - Market open
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 | Aug '26 Aug 7, 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 |
| 652 | 783 | 960 | 1,614 | 2,776 | 3,266 | |
Market Cap Growth | -28.48% | -18.40% | -40.53% | -41.85% | -15.01% | 55.58% |
Enterprise Value | 2,623 | 2,885 | 3,085 | 3,438 | 2,997 | 3,548 |
Last Close Price | 19.31 | 25.00 | 32.25 | 62.87 | 104.89 | 121.09 |
Price Ratios
Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Aug '26 Aug 7, 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 | - | - | - | 9.82 | 14.69 | 31.45 |
Forward PE | - | 108.80 | 88.18 | 14.52 | 14.06 | 23.85 |
PEG Ratio | - | 32.65 | 32.65 | 0.73 | 1.65 | 1.56 |
PS Ratio | 0.26 | 0.31 | 0.39 | 1.18 | 1.65 | 2.35 |
PB Ratio | - | 6.91 | 4.76 | 2.11 | 3.92 | 5.50 |
P/TBV Ratio | - | - | - | 4.66 | 8.46 | 19.19 |
P/FCF Ratio | 13.56 | 51.29 | - | 9.58 | 13.16 | 39.71 |
P/OCF Ratio | 9.23 | 17.65 | - | 8.10 | 11.10 | 27.08 |
EV Ratios
Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Aug '26 Aug 7, 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 | 1.04 | 1.16 | 1.25 | 2.51 | 1.78 | 2.56 |
EV/EBITDA Ratio | - | 15.26 | - | 23.61 | 10.33 | 19.50 |
EV/EBIT Ratio | - | 79.21 | - | 38.97 | 12.10 | 24.13 |
EV/FCF Ratio | 54.43 | 188.97 | - | 20.40 | 14.21 | 43.15 |
Financial Efficiency
Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Aug '26 Aug 7, 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 | -16.20 | 12.60 | 7.11 | 2.47 | 0.30 | 0.45 |
Debt / EBITDA Ratio | - | 11.42 | - | 13.36 | 0.92 | 1.76 |
Debt / FCF Ratio | - | 141.45 | - | 11.55 | 1.26 | 3.89 |
Net Debt / Equity Ratio | -17.07 | 18.12 | 10.12 | 2.39 | 0.31 | 0.48 |
Net Debt / EBITDA Ratio | -9.79 | 10.86 | -2.22 | 12.53 | 0.76 | 1.55 |
Net Debt / FCF Ratio | -110.08 | 134.51 | -19.24 | 10.83 | 1.05 | 3.44 |
Asset Turnover | 0.98 | 0.90 | 0.86 | 0.65 | 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) | -1765.34% | -63.34% | -214.23% | 5.82% | 27.58% | 18.73% |
Return on Assets (ROA) | -7.70% | 1.27% | -33.09% | 3.18% | 15.75% | 10.17% |
Return on Invested Capital (ROIC) | -9.63% | 1.54% | -38.93% | 3.79% | 20.30% | 13.54% |
Return on Capital Employed (ROCE) | -9.45% | 1.55% | -41.19% | 4.67% | 24.86% | 16.08% |
Yields
Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Aug '26 Aug 7, 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 | - | - | - | 10.18% | 6.81% | 3.18% |
FCF Yield | 7.37% | 1.95% | - | 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 | -7.26% | -11.54% | -5.91% | 3.43% | 1.34% | 1.46% |
Total Shareholder Return | -7.26% | -11.54% | -5.91% | 4.96% | 2.26% | 2.16% |