Forward Air Statistics
Total Valuation
Forward Air has a market cap or net worth of $845.58 million. The enterprise value is $2.86 billion.
Important Dates
The next estimated earnings date is Wednesday, February 25, 2026, after market close.
| Earnings Date | Feb 25, 2026 |
| Ex-Dividend Date | n/a |
Share Statistics
Forward Air has 31.25 million shares outstanding. The number of shares has increased by 13.33% in one year.
| Current Share Class | 31.25M |
| Shares Outstanding | 31.25M |
| Shares Change (YoY) | +13.33% |
| Shares Change (QoQ) | +1.78% |
| Owned by Insiders (%) | 1.72% |
| Owned by Institutions (%) | 78.92% |
| Float | 22.19M |
Valuation Ratios
| PE Ratio | n/a |
| Forward PE | n/a |
| PS Ratio | 0.33 |
| Forward PS | 0.32 |
| PB Ratio | 6.04 |
| P/TBV Ratio | n/a |
| P/FCF Ratio | 54.63 |
| P/OCF Ratio | 19.44 |
| PEG Ratio | n/a |
Financial Ratio HistoryEnterprise Valuation
The stock's EV/EBITDA ratio is 13.12, with an EV/FCF ratio of 184.88.
| EV / Earnings | n/a |
| EV / Sales | 1.15 |
| EV / EBITDA | 13.12 |
| EV / EBIT | 39.81 |
| EV / FCF | 184.88 |
Financial Position
The company has a current ratio of 1.20, with a Debt / Equity ratio of 11.01.
| Current Ratio | 1.20 |
| Quick Ratio | 1.05 |
| Debt / Equity | 11.01 |
| Debt / EBITDA | 2.69 |
| Debt / FCF | 139.31 |
| Interest Coverage | 0.39 |
Financial Efficiency
Return on equity (ROE) is -52.85% and return on invested capital (ROIC) is 1.88%.
| Return on Equity (ROE) | -52.85% |
| Return on Assets (ROA) | 1.54% |
| Return on Invested Capital (ROIC) | 1.88% |
| Return on Capital Employed (ROCE) | 3.08% |
| Revenue Per Employee | $379,097 |
| Profits Per Employee | -$17,596 |
| Employee Count | 6,586 |
| Asset Turnover | 0.85 |
| Inventory Turnover | n/a |
Taxes
In the past 12 months, Forward Air has paid $70.22 million in taxes.
| Income Tax | 70.22M |
| Effective Tax Rate | n/a |
Stock Price Statistics
The stock price has decreased by -15.46% in the last 52 weeks. The beta is 1.35, so Forward Air's price volatility has been higher than the market average.
| Beta (5Y) | 1.35 |
| 52-Week Price Change | -15.46% |
| 50-Day Moving Average | 23.31 |
| 200-Day Moving Average | 23.11 |
| Relative Strength Index (RSI) | 72.77 |
| Average Volume (20 Days) | 425,654 |
Short Selling Information
The latest short interest is 4.22 million, so 13.51% of the outstanding shares have been sold short.
| Short Interest | 4.22M |
| Short Previous Month | 4.27M |
| Short % of Shares Out | 13.51% |
| Short % of Float | 19.03% |
| Short Ratio (days to cover) | 7.45 |
Income Statement
In the last 12 months, Forward Air had revenue of $2.50 billion and -$115.89 million in losses. Loss per share was -$4.72.
| Revenue | 2.50B |
| Gross Profit | 483.72M |
| Operating Income | 71.88M |
| Pretax Income | -70.47M |
| Net Income | -115.89M |
| EBITDA | 218.07M |
| EBIT | 71.88M |
| Loss Per Share | -$4.72 |
Full Income StatementBalance Sheet
The company has $140.35 million in cash and $2.16 billion in debt, with a net cash position of -$2.02 billion or -$64.51 per share.
| Cash & Cash Equivalents | 140.35M |
| Total Debt | 2.16B |
| Net Cash | -2.02B |
| Net Cash Per Share | -$64.51 |
| Equity (Book Value) | 195.84M |
| Book Value Per Share | 4.48 |
| Working Capital | 92.45M |
Full Balance SheetCash Flow
In the last 12 months, operating cash flow was $43.49 million and capital expenditures -$28.02 million, giving a free cash flow of $15.48 million.
| Operating Cash Flow | 43.49M |
| Capital Expenditures | -28.02M |
| Free Cash Flow | 15.48M |
| FCF Per Share | $0.50 |
Full Cash Flow StatementMargins
Gross margin is 19.37%, with operating and profit margins of 2.88% and -4.64%.
| Gross Margin | 19.37% |
| Operating Margin | 2.88% |
| Pretax Margin | -2.82% |
| Profit Margin | -4.64% |
| EBITDA Margin | 8.73% |
| EBIT Margin | 2.88% |
| FCF Margin | 0.62% |
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 | -13.33% |
| Shareholder Yield | -13.33% |
| Earnings Yield | -13.70% |
| FCF Yield | 1.83% |
Dividend DetailsAnalyst Forecast
The average price target for Forward Air is $34.33, which is 26.87% higher than the current price. The consensus rating is "Buy".
| Price Target | $34.33 |
| Price Target Difference | 26.87% |
| Analyst Consensus | Buy |
| Analyst Count | 4 |
| Revenue Growth Forecast (5Y) | n/a |
| EPS Growth Forecast (5Y) | n/a |
Stock ForecastsFair Value
There are several formulas that can be used to estimate the intrinsic value of a stock.
| Lynch Fair Value | n/a |
| Lynch Upside | n/a |
| Graham Number | n/a |
| Graham Upside | n/a |
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 0.99 and a Piotroski F-Score of 3. A Z-score under 3 suggests an increased risk of bankruptcy.
| Altman Z-Score | 0.99 |
| Piotroski F-Score | 3 |
