Forward Air Statistics
Total Valuation
Forward Air has a market cap or net worth of $586.96 million. The enterprise value is $2.50 billion.
| Market Cap | 586.96M |
| Enterprise Value | 2.50B |
Important Dates
The last earnings date was Monday, November 9, 2026, after market close.
| Earnings Date | Nov 9, 2026 |
| Ex-Dividend Date | n/a |
Share Statistics
Forward Air has 33.75 million shares outstanding. The number of shares has increased by 6.85% in one year.
| Current Share Class | 33.75M |
| Shares Outstanding | 33.75M |
| Shares Change (YoY) | +6.85% |
| Shares Change (QoQ) | +0.14% |
| Owned by Insiders (%) | 2.17% |
| Owned by Institutions (%) | 74.37% |
| Float | 27.28M |
Valuation Ratios
| PE Ratio | n/a |
| Forward PE | 33.44 |
| PS Ratio | 0.23 |
| Forward PS | 0.22 |
| PB Ratio | n/a |
| P/TBV Ratio | n/a |
| P/FCF Ratio | 18.43 |
| P/OCF Ratio | 10.98 |
| PEG Ratio | n/a |
Enterprise Valuation
The stock's EV/EBITDA ratio is 8.05, with an EV/FCF ratio of 78.43.
| EV / Earnings | n/a |
| EV / Sales | 0.98 |
| EV / EBITDA | 8.05 |
| EV / EBIT | 16.07 |
| EV / FCF | 78.43 |
Financial Position
The company has a current ratio of 1.41
| Current Ratio | 1.41 |
| Quick Ratio | 1.27 |
| Debt / Equity | n/a |
| Debt / EBITDA | 2.39 |
| Debt / FCF | 65.81 |
| Interest Coverage | 0.88 |
Financial Efficiency
Return on equity (ROE) is -716.56% and return on invested capital (ROIC) is 7.88%.
| Return on Equity (ROE) | -716.56% |
| Return on Assets (ROA) | 3.72% |
| Return on Invested Capital (ROIC) | 7.88% |
| Return on Capital Employed (ROCE) | 7.87% |
| Weighted Average Cost of Capital (WACC) | 7.71% |
| Revenue Per Employee | $402,796 |
| Profits Per Employee | -$40,681 |
| Employee Count | 6,356 |
| Asset Turnover | 0.98 |
| Inventory Turnover | n/a |
Taxes
| Income Tax | -7.06M |
| Effective Tax Rate | n/a |
Stock Price Statistics
The stock price has decreased by -22.26% in the last 52 weeks. The beta is 1.31, so Forward Air's price volatility has been higher than the market average.
| Beta (5Y) | 1.31 |
| 52-Week Price Change | -22.26% |
| 50-Day Moving Average | 16.15 |
| 200-Day Moving Average | 17.14 |
| Relative Strength Index (RSI) | 53.72 |
| Average Volume (20 Days) | 436,305 |
Short Selling Information
The latest short interest is 1.83 million, so 5.42% of the outstanding shares have been sold short.
| Short Interest | 1.83M |
| Short Previous Month | 1.80M |
| Short % of Shares Out | 5.42% |
| Short % of Float | 6.71% |
| Short Ratio (days to cover) | 4.79 |
Income Statement
In the last 12 months, Forward Air had revenue of $2.56 billion and -$258.57 million in losses. Loss per share was -$8.03.
| Revenue | 2.56B |
| Gross Profit | 566.07M |
| Operating Income | 155.40M |
| Pretax Income | -318.41M |
| Net Income | -258.57M |
| EBITDA | 310.45M |
| EBIT | 155.40M |
| Loss Per Share | -$8.03 |
Balance Sheet
The company has $184.93 million in cash and $2.10 billion in debt, with a net cash position of -$1.91 billion or -$56.62 per share.
| Cash & Cash Equivalents | 184.93M |
| Total Debt | 2.10B |
| Net Cash | -1.91B |
| Net Cash Per Share | -$56.62 |
| Equity (Book Value) | -108.94M |
| Book Value Per Share | -2.96 |
| Working Capital | 190.15M |
Cash Flow
In the last 12 months, operating cash flow was $53.44 million and capital expenditures -$21.59 million, giving a free cash flow of $31.85 million.
| Operating Cash Flow | 53.44M |
| Capital Expenditures | -21.59M |
| Depreciation & Amortization | 155.05M |
| Net Borrowing | -16.83M |
| Free Cash Flow | 31.85M |
| FCF Per Share | $0.94 |
Margins
Gross margin is 22.11%, with operating and profit margins of 6.07% and -10.10%.
| Gross Margin | 22.11% |
| Operating Margin | 6.07% |
| Pretax Margin | -12.44% |
| Profit Margin | -10.10% |
| EBITDA Margin | 12.13% |
| EBIT Margin | 6.07% |
| FCF Margin | 1.24% |
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 |
| FCF Payout Ratio | n/a |
| Buyback Yield | -6.85% |
| Shareholder Yield | -6.85% |
| Earnings Yield | -46.17% |
| FCF Yield | 5.43% |
Analyst Forecast
The average price target for Forward Air is $26.50, which is 52.39% higher than the current price. The consensus rating is "Buy".
| Price Target | $26.50 |
| Price Target Difference | 52.39% |
| Analyst Consensus | Buy |
| Analyst Count | 5 |
| Revenue Growth Forecast (3Y) | n/a |
| EPS Growth Forecast (3Y) | n/a |
Fair 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 |
| Graham Formula Value | n/a |
| Graham Formula 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 1.11 and a Piotroski F-Score of 6. A Z-score under 3 suggests an increased risk of bankruptcy.
| Altman Z-Score | 1.11 |
| Piotroski F-Score | 6 |