Forward Air Statistics
Total Valuation
Forward Air has a market cap or net worth of $647.92 million. The enterprise value is $2.62 billion.
| Market Cap | 647.92M |
| Enterprise Value | 2.62B |
Important Dates
The last earnings date was Wednesday, August 5, 2026, after market close.
| Earnings Date | Aug 5, 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 (%) | 77.40% |
| Float | 27.31M |
Valuation Ratios
| PE Ratio | n/a |
| Forward PE | n/a |
| PS Ratio | 0.26 |
| Forward PS | 0.25 |
| PB Ratio | n/a |
| P/TBV Ratio | n/a |
| P/FCF Ratio | 13.44 |
| P/OCF Ratio | 9.15 |
| PEG Ratio | n/a |
Enterprise Valuation
The stock's EV/EBITDA ratio is 9.29, with an EV/FCF ratio of 54.31.
| EV / Earnings | n/a |
| EV / Sales | 1.04 |
| EV / EBITDA | 9.29 |
| EV / EBIT | 20.70 |
| EV / FCF | 54.31 |
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) | 7.83% |
| 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 -35.57% in the last 52 weeks. The beta is 1.36, so Forward Air's price volatility has been higher than the market average.
| Beta (5Y) | 1.36 |
| 52-Week Price Change | -35.57% |
| 50-Day Moving Average | 14.73 |
| 200-Day Moving Average | 19.61 |
| Relative Strength Index (RSI) | 65.37 |
| Average Volume (20 Days) | 674,728 |
Short Selling Information
The latest short interest is 2.30 million, so 6.82% of the outstanding shares have been sold short.
| Short Interest | 2.30M |
| Short Previous Month | 2.33M |
| Short % of Shares Out | 6.82% |
| Short % of Float | 8.44% |
| Short Ratio (days to cover) | 3.02 |
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 |
| Buyback Yield | -7.26% |
| Shareholder Yield | -7.26% |
| Earnings Yield | -44.17% |
| FCF Yield | 7.44% |
Analyst Forecast
The average price target for Forward Air is $28.00, which is 45.99% higher than the current price. The consensus rating is "Buy".
| Price Target | $28.00 |
| Price Target Difference | 45.99% |
| 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 |