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	Jul '26 Jul 17, 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	435	783	960	1,614	2,776	3,266
Market Cap Growth	-47.36%	-18.40%	-40.53%	-41.85%	-15.01%	55.58%
Enterprise Value	2,444	2,885	3,085	3,438	2,997	3,548
Last Close Price	13.75	25.00	32.25	62.87	104.89	121.09
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	0.18	0.31	0.39	1.18	1.65	2.35
PB Ratio	5.36	6.91	4.76	2.11	3.92	5.50
P/TBV Ratio	-	-	-	4.66	8.46	19.19
P/FCF Ratio	11.34	51.29	-	9.58	13.16	39.71
P/OCF Ratio	6.96	17.65	-	8.10	11.10	27.08
EV/Sales Ratio	0.99	1.16	1.25	2.51	1.78	2.56
EV/EBITDA Ratio	9.93	15.26	-	23.61	10.33	19.50
EV/EBIT Ratio	26.50	79.21	-	38.97	12.10	24.13
EV/FCF Ratio	63.73	188.97	-	20.40	14.21	43.15
Debt / Equity Ratio	16.54	12.60	7.11	2.47	0.30	0.45
Debt / EBITDA Ratio	41.27	11.42	-	13.36	0.92	1.76
Debt / FCF Ratio	99.64	141.45	-	11.55	1.26	3.89
Net Debt / Equity Ratio	24.81	18.12	10.12	2.39	0.31	0.48
Net Debt / EBITDA Ratio	38.57	10.86	-2.22	12.53	0.76	1.55
Net Debt / FCF Ratio	93.10	134.51	-19.24	10.83	1.05	3.44
Asset Turnover	0.91	0.90	0.86	0.65	1.44	1.28
Quick Ratio	1.07	1.06	1.11	1.18	1.38	1.54
Current Ratio	1.23	1.22	1.23	1.46	1.80	1.72
Return on Equity (ROE)	-85.04%	-63.34%	-214.23%	5.82%	27.58%	18.73%
Return on Assets (ROA)	1.61%	1.27%	-33.09%	3.18%	15.75%	10.17%
Return on Invested Capital (ROIC)	2.01%	1.54%	-38.93%	3.79%	20.30%	13.54%
Return on Capital Employed (ROCE)	2.29%	1.55%	-41.19%	4.67%	24.86%	16.08%
Earnings Yield	-	-	-	10.18%	6.81%	3.18%
FCF Yield	8.82%	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	-8.78%	-11.54%	-5.91%	3.43%	1.34%	1.46%
Total Shareholder Return	-8.78%	-11.54%	-5.91%	4.96%	2.26%	2.16%

SEC Filings: 10-K · 10-Q