Forward Air Statistics
Total Valuation
Forward Air has a market cap or net worth of $504.01 million. The enterprise value is $2.47 billion.
| Market Cap | 504.01M |
| Enterprise Value | 2.47B |
Important Dates
The next estimated earnings date is Wednesday, November 4, 2026, after market close.
| Earnings Date | Nov 4, 2026 |
| Ex-Dividend Date | n/a |
Share Statistics
Forward Air has 33.78 million shares outstanding. The number of shares has increased by 7.26% in one year.
| Current Share Class | 33.78M |
| Shares Outstanding | 33.78M |
| Shares Change (YoY) | +7.26% |
| Shares Change (QoQ) | +3.19% |
| Owned by Insiders (%) | 2.16% |
| Owned by Institutions (%) | 77.31% |
| Float | 27.31M |
Valuation Ratios
| PE Ratio | n/a |
| Forward PE | n/a |
| PS Ratio | 0.20 |
| Forward PS | 0.20 |
| PB Ratio | n/a |
| P/TBV Ratio | n/a |
| P/FCF Ratio | 10.70 |
| P/OCF Ratio | 7.28 |
| PEG Ratio | n/a |
Enterprise Valuation
The stock's EV/EBITDA ratio is 8.82, with an EV/FCF ratio of 51.57.
| EV / Earnings | n/a |
| EV / Sales | 0.99 |
| EV / EBITDA | 8.82 |
| EV / EBIT | 19.65 |
| EV / FCF | 51.57 |
Financial Position
The company has a current ratio of 1.32
| Current Ratio | 1.32 |
| Quick Ratio | 1.17 |
| Debt / Equity | n/a |
| Debt / EBITDA | 2.48 |
| Debt / FCF | 43.76 |
| Interest Coverage | 0.71 |
Financial Efficiency
Return on equity (ROE) is -735.72% and return on invested capital (ROIC) is 6.17%.
| Return on Equity (ROE) | -735.72% |
| Return on Assets (ROA) | 3.06% |
| Return on Invested Capital (ROIC) | 6.17% |
| Return on Capital Employed (ROCE) | 6.42% |
| Weighted Average Cost of Capital (WACC) | 7.67% |
| Revenue Per Employee | $396,173 |
| Profits Per Employee | -$45,028 |
| Employee Count | 6,356 |
| Asset Turnover | 0.97 |
| Inventory Turnover | n/a |
Taxes
| Income Tax | -6.69M |
| Effective Tax Rate | n/a |
Stock Price Statistics
The stock price has decreased by -44.28% in the last 52 weeks. The beta is 1.39, so Forward Air's price volatility has been higher than the market average.
| Beta (5Y) | 1.39 |
| 52-Week Price Change | -44.28% |
| 50-Day Moving Average | 16.55 |
| 200-Day Moving Average | 18.81 |
| Relative Strength Index (RSI) | 41.00 |
| Average Volume (20 Days) | 481,970 |
Short Selling Information
The latest short interest is 2.16 million, so 6.40% of the outstanding shares have been sold short.
| Short Interest | 2.16M |
| Short Previous Month | 2.11M |
| Short % of Shares Out | 6.40% |
| Short % of Float | 7.92% |
| Short Ratio (days to cover) | 4.45 |
Income Statement
In the last 12 months, Forward Air had revenue of $2.52 billion and -$286.20 million in losses. Loss per share was -$9.06.
| Revenue | 2.52B |
| Gross Profit | 541.14M |
| Operating Income | 126.51M |
| Pretax Income | -350.92M |
| Net Income | -286.20M |
| EBITDA | 281.77M |
| EBIT | 126.51M |
| Loss Per Share | -$9.06 |
Balance Sheet
The company has $139.45 million in cash and $2.11 billion in debt, with a net cash position of -$1.97 billion or -$58.33 per share.
| Cash & Cash Equivalents | 139.45M |
| Total Debt | 2.11B |
| Net Cash | -1.97B |
| Net Cash Per Share | -$58.33 |
| Equity (Book Value) | -122.67M |
| Book Value Per Share | -3.42 |
| Working Capital | 141.55M |
Cash Flow
In the last 12 months, operating cash flow was $70.84 million and capital expenditures -$22.63 million, giving a free cash flow of $48.22 million.
| Operating Cash Flow | 70.84M |
| Capital Expenditures | -22.63M |
| Depreciation & Amortization | 155.26M |
| Net Borrowing | -16.30M |
| Free Cash Flow | 48.22M |
| FCF Per Share | $1.43 |
Margins
Gross margin is 21.49%, with operating and profit margins of 5.02% and -11.37%.
| Gross Margin | 21.49% |
| Operating Margin | 5.02% |
| Pretax Margin | -13.94% |
| Profit Margin | -11.37% |
| EBITDA Margin | 11.19% |
| EBIT Margin | 5.02% |
| FCF Margin | 1.91% |
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 | -7.26% |
| Shareholder Yield | -7.26% |
| Earnings Yield | -55.48% |
| FCF Yield | 9.35% |
Analyst Forecast
The average price target for Forward Air is $28.00, which is 87.67% higher than the current price. The consensus rating is "Buy".
| Price Target | $28.00 |
| Price Target Difference | 87.67% |
| 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 |
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 1.05 and a Piotroski F-Score of 6. A Z-score under 3 suggests an increased risk of bankruptcy.
| Altman Z-Score | 1.05 |
| Piotroski F-Score | 6 |