Forward Air Statistics
Total Valuation
Forward Air has a market cap or net worth of $527.27 million. The enterprise value is $2.58 billion.
Important Dates
The next estimated earnings date is Wednesday, May 6, 2026, after market close.
| Earnings Date | May 6, 2026 |
| Ex-Dividend Date | n/a |
Share Statistics
Forward Air has 31.55 million shares outstanding. The number of shares has increased by 11.54% in one year.
| Current Share Class | 31.55M |
| Shares Outstanding | 31.55M |
| Shares Change (YoY) | +11.54% |
| Shares Change (QoQ) | +0.50% |
| Owned by Insiders (%) | 2.24% |
| Owned by Institutions (%) | 71.81% |
| Float | 22.65M |
Valuation Ratios
| PE Ratio | n/a |
| Forward PE | n/a |
| PS Ratio | 0.21 |
| Forward PS | 0.20 |
| PB Ratio | 4.62 |
| P/TBV Ratio | n/a |
| P/FCF Ratio | 34.53 |
| P/OCF Ratio | 11.88 |
| PEG Ratio | n/a |
Financial Ratio HistoryEnterprise Valuation
The stock's EV/EBITDA ratio is 10.74, with an EV/FCF ratio of 169.04.
| EV / Earnings | n/a |
| EV / Sales | 1.03 |
| EV / EBITDA | 10.74 |
| EV / EBIT | 29.44 |
| EV / FCF | 169.04 |
Financial Position
The company has a current ratio of 1.22, with a Debt / Equity ratio of 13.36.
| Current Ratio | 1.22 |
| Quick Ratio | 1.06 |
| Debt / Equity | 13.36 |
| Debt / EBITDA | 2.67 |
| Debt / FCF | 141.45 |
| Interest Coverage | 0.49 |
Financial Efficiency
Return on equity (ROE) is -63.34% and return on invested capital (ROIC) is 3.96%.
| Return on Equity (ROE) | -63.34% |
| Return on Assets (ROA) | 1.98% |
| Return on Invested Capital (ROIC) | 3.96% |
| Return on Capital Employed (ROCE) | 3.83% |
| Weighted Average Cost of Capital (WACC) | 7.73% |
| Revenue Per Employee | $392,561 |
| Profits Per Employee | -$16,960 |
| Employee Count | 6,356 |
| Asset Turnover | 0.90 |
| Inventory Turnover | n/a |
Taxes
| Income Tax | -5.47M |
| Effective Tax Rate | n/a |
Stock Price Statistics
The stock price has decreased by -19.35% in the last 52 weeks. The beta is 1.47, so Forward Air's price volatility has been higher than the market average.
| Beta (5Y) | 1.47 |
| 52-Week Price Change | -19.35% |
| 50-Day Moving Average | 23.75 |
| 200-Day Moving Average | 25.09 |
| Relative Strength Index (RSI) | 35.07 |
| Average Volume (20 Days) | 866,431 |
Short Selling Information
The latest short interest is 4.19 million, so 13.26% of the outstanding shares have been sold short.
| Short Interest | 4.19M |
| Short Previous Month | 4.26M |
| Short % of Shares Out | 13.26% |
| Short % of Float | 18.48% |
| Short Ratio (days to cover) | 5.26 |
Income Statement
In the last 12 months, Forward Air had revenue of $2.50 billion and -$107.80 million in losses. Loss per share was -$3.51.
| Revenue | 2.50B |
| Gross Profit | 490.82M |
| Operating Income | 87.66M |
| Pretax Income | -147.20M |
| Net Income | -107.80M |
| EBITDA | 240.30M |
| EBIT | 87.66M |
| Loss Per Share | -$3.51 |
Full Income StatementBalance Sheet
The company has $106.00 million in cash and $2.16 billion in debt, with a net cash position of -$2.05 billion or -$65.08 per share.
| Cash & Cash Equivalents | 106.00M |
| Total Debt | 2.16B |
| Net Cash | -2.05B |
| Net Cash Per Share | -$65.08 |
| Equity (Book Value) | 161.66M |
| Book Value Per Share | 3.62 |
| Working Capital | 92.68M |
Full Balance SheetCash Flow
In the last 12 months, operating cash flow was $44.38 million and capital expenditures -$29.12 million, giving a free cash flow of $15.27 million.
| Operating Cash Flow | 44.38M |
| Capital Expenditures | -29.12M |
| Depreciation & Amortization | 152.64M |
| Net Borrowing | -17.31M |
| Free Cash Flow | 15.27M |
| FCF Per Share | $0.48 |
Full Cash Flow StatementMargins
Gross margin is 19.67%, with operating and profit margins of 3.51% and -4.32%.
| Gross Margin | 19.67% |
| Operating Margin | 3.51% |
| Pretax Margin | -5.90% |
| Profit Margin | -4.32% |
| EBITDA Margin | 9.63% |
| EBIT Margin | 3.51% |
| FCF Margin | 0.61% |
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 | -11.54% |
| Shareholder Yield | -11.54% |
| Earnings Yield | -20.44% |
| FCF Yield | 2.90% |
Dividend DetailsAnalyst Forecast
The average price target for Forward Air is $38.50, which is 130.40% higher than the current price. The consensus rating is "Strong Buy".
| Price Target | $38.50 |
| Price Target Difference | 130.40% |
| Analyst Consensus | Strong Buy |
| Analyst Count | 2 |
| 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 1.01 and a Piotroski F-Score of 5. A Z-score under 3 suggests an increased risk of bankruptcy.
| Altman Z-Score | 1.01 |
| Piotroski F-Score | 5 |
