Forward Air Statistics

Total Valuation

Forward Air has a market cap or net worth of $510.35 million. The enterprise value is $2.54 billion.

Market Cap	510.35M
Enterprise Value	2.54B

Important Dates

The last earnings date was Wednesday, May 7, 2025, after market close.

Earnings Date	May 7, 2025
Ex-Dividend Date	n/a

Share Statistics

Forward Air has 30.42 million shares outstanding. The number of shares has increased by 10.01% in one year.

Current Share Class	30.42M
Shares Outstanding	30.42M
Shares Change (YoY)	+10.01%
Shares Change (QoQ)	+2.81%
Owned by Insiders (%)	1.46%
Owned by Institutions (%)	81.85%
Float	21.45M

Valuation Ratios

PE Ratio	n/a
Forward PE	n/a
PS Ratio	0.19
Forward PS	0.18
PB Ratio	3.35
P/TBV Ratio	n/a
P/FCF Ratio	n/a
P/OCF Ratio	128.44
PEG Ratio	n/a

Financial Ratio History

Enterprise Valuation

EV / Earnings	n/a
EV / Sales	1.00
EV / EBITDA	11.79
EV / EBIT	36.61
EV / FCF	n/a

Financial Position

The company has a current ratio of 1.13, with a Debt / Equity ratio of 9.48.

Current Ratio	1.13
Quick Ratio	1.03
Debt / Equity	9.48
Debt / EBITDA	2.72
Debt / FCF	n/a
Interest Coverage	0.36

Financial Efficiency

Return on equity (ROE) is -140.72% and return on invested capital (ROIC) is 1.50%.

Return on Equity (ROE)	-140.72%
Return on Assets (ROA)	1.28%
Return on Invested Capital (ROIC)	1.50%
Return on Capital Employed (ROCE)	2.93%
Revenue Per Employee	$386,537
Profits Per Employee	-$120,563
Employee Count	6,586
Asset Turnover	0.75
Inventory Turnover	n/a

Taxes

Income Tax	-87.05M
Effective Tax Rate	n/a

Stock Price Statistics

The stock price has increased by +14.21% in the last 52 weeks. The beta is 1.24, so Forward Air's price volatility has been higher than the market average.

Beta (5Y)	1.24
52-Week Price Change	+14.21%
50-Day Moving Average	16.95
200-Day Moving Average	28.44
Relative Strength Index (RSI)	45.25
Average Volume (20 Days)	588,441

Short Selling Information

The latest short interest is 3.75 million, so 12.33% of the outstanding shares have been sold short.

Short Interest	3.75M
Short Previous Month	4.01M
Short % of Shares Out	12.33%
Short % of Float	17.49%
Short Ratio (days to cover)	5.16

Income Statement

In the last 12 months, Forward Air had revenue of $2.55 billion and -$794.03 million in losses. Loss per share was -$28.76.

Revenue	2.55B
Gross Profit	504.41M
Operating Income	69.43M
Pretax Income	-795.03M
Net Income	-794.03M
EBITDA	215.60M
EBIT	69.43M
Loss Per Share	-$28.76

Full Income Statement

Balance Sheet

The company has $116.31 million in cash and $2.15 billion in debt, giving a net cash position of -$2.04 billion or -$66.94 per share.

Cash & Cash Equivalents	116.31M
Total Debt	2.15B
Net Cash	-2.04B
Net Cash Per Share	-$66.94
Equity (Book Value)	227.01M
Book Value Per Share	5.08
Working Capital	55.10M

Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was $3.93 million and capital expenditures -$44.00 million, giving a free cash flow of -$40.06 million.

Operating Cash Flow	3.93M
Capital Expenditures	-44.00M
Free Cash Flow	-40.06M
FCF Per Share	-$1.32

Full Cash Flow Statement

Margins

Gross margin is 19.81%, with operating and profit margins of 2.73% and -31.66%.

Gross Margin	19.81%
Operating Margin	2.73%
Pretax Margin	-46.52%
Profit Margin	-31.66%
EBITDA Margin	8.47%
EBIT Margin	2.73%
FCF Margin	n/a

Dividends & Yields

Forward Air does not appear to pay any dividends at this time.

Dividend Per Share	n/a
Dividend Yield	n/a
Dividend Growth (YoY)	n/a
Years of Dividend Growth	n/a
Payout Ratio	n/a
Buyback Yield	-10.01%
Shareholder Yield	-10.01%
Earnings Yield	-157.23%
FCF Yield	-7.93%

Dividend Details

Analyst Forecast

The average price target for Forward Air is $27.33, which is 62.92% higher than the current price. The consensus rating is "Hold".

Price Target	$27.33
Price Target Difference	62.92%
Analyst Consensus	Hold
Analyst Count	5
Revenue Growth Forecast (5Y)	n/a
EPS Growth Forecast (5Y)	n/a

Stock Forecasts

Stock Splits

The last stock split was on April 4, 2005. It was a forward split with a ratio of 1.5:1.

Last Split Date	Apr 4, 2005
Split Type	Forward
Split Ratio	1.5:1

Scores

Forward Air has an Altman Z-Score of 1 and a Piotroski F-Score of 4. A Z-score under 3 suggests an increased risk of bankruptcy.

Altman Z-Score	1
Piotroski F-Score	4