Forward Air Statistics
Total Valuation
Forward Air has a market cap or net worth of $277.04 million. The enterprise value is $2.31 billion.
Important Dates
The last earnings date was Thursday, May 7, 2026, after market close.
| Earnings Date | May 7, 2026 |
| Ex-Dividend Date | n/a |
Share Statistics
Forward Air has 31.63 million shares outstanding. The number of shares has increased by 8.78% in one year.
| Current Share Class | 31.63M |
| Shares Outstanding | 31.63M |
| Shares Change (YoY) | +8.78% |
| Shares Change (QoQ) | +1.12% |
| Owned by Insiders (%) | 2.22% |
| Owned by Institutions (%) | 73.62% |
| Float | 25.16M |
Valuation Ratios
| PE Ratio | n/a |
| Forward PE | n/a |
| PS Ratio | 0.12 |
| Forward PS | 0.11 |
| PB Ratio | 3.67 |
| P/TBV Ratio | n/a |
| P/FCF Ratio | 7.75 |
| P/OCF Ratio | 4.76 |
| PEG Ratio | n/a |
Financial Ratio HistoryEnterprise Valuation
The stock's EV/EBITDA ratio is 9.38, with an EV/FCF ratio of 60.15.
| EV / Earnings | n/a |
| EV / Sales | 0.94 |
| EV / EBITDA | 9.38 |
| EV / EBIT | 25.01 |
| EV / FCF | 60.15 |
Financial Position
The company has a current ratio of 1.23, with a Debt / Equity ratio of 17.59.
| Current Ratio | 1.23 |
| Quick Ratio | 1.07 |
| Debt / Equity | 17.59 |
| Debt / EBITDA | 2.64 |
| Debt / FCF | 56.07 |
| Interest Coverage | 0.52 |
Financial Efficiency
Return on equity (ROE) is -69.13% and return on invested capital (ROIC) is 4.24%.
| Return on Equity (ROE) | -69.13% |
| Return on Assets (ROA) | 2.10% |
| Return on Invested Capital (ROIC) | 4.24% |
| Return on Capital Employed (ROCE) | 4.09% |
| Weighted Average Cost of Capital (WACC) | 7.35% |
| Revenue Per Employee | $387,647 |
| Profits Per Employee | -$14,392 |
| Employee Count | 6,356 |
| Asset Turnover | 0.90 |
| Inventory Turnover | n/a |
Taxes
| Income Tax | -23.27M |
| Effective Tax Rate | n/a |
Stock Price Statistics
The stock price has decreased by -53.35% in the last 52 weeks. The beta is 1.59, so Forward Air's price volatility has been higher than the market average.
| Beta (5Y) | 1.59 |
| 52-Week Price Change | -53.35% |
| 50-Day Moving Average | 17.73 |
| 200-Day Moving Average | 23.74 |
| Relative Strength Index (RSI) | 25.75 |
| Average Volume (20 Days) | 1,786,549 |
Short Selling Information
The latest short interest is 2.84 million, so 8.98% of the outstanding shares have been sold short.
| Short Interest | 2.84M |
| Short Previous Month | 4.27M |
| Short % of Shares Out | 8.98% |
| Short % of Float | 11.29% |
| Short Ratio (days to cover) | 5.06 |
Income Statement
In the last 12 months, Forward Air had revenue of $2.46 billion and -$91.48 million in losses. Loss per share was -$2.95.
| Revenue | 2.46B |
| Gross Profit | 506.21M |
| Operating Income | 92.23M |
| Pretax Income | -144.00M |
| Net Income | -91.48M |
| EBITDA | 246.03M |
| EBIT | 92.23M |
| Loss Per Share | -$2.95 |
Full Income StatementBalance Sheet
The company has $141.02 million in cash and $2.15 billion in debt, with a net cash position of -$2.01 billion or -$63.54 per share.
| Cash & Cash Equivalents | 141.02M |
| Total Debt | 2.15B |
| Net Cash | -2.01B |
| Net Cash Per Share | -$63.54 |
| Equity (Book Value) | 122.28M |
| Book Value Per Share | 2.56 |
| Working Capital | 100.46M |
Full Balance SheetCash Flow
In the last 12 months, operating cash flow was $62.51 million and capital expenditures -$24.16 million, giving a free cash flow of $38.35 million.
| Operating Cash Flow | 62.51M |
| Capital Expenditures | -24.16M |
| Depreciation & Amortization | 153.80M |
| Net Borrowing | -17.10M |
| Free Cash Flow | 38.35M |
| FCF Per Share | $1.21 |
Full Cash Flow StatementMargins
Gross margin is 20.55%, with operating and profit margins of 3.74% and -3.71%.
| Gross Margin | 20.55% |
| Operating Margin | 3.74% |
| Pretax Margin | -5.84% |
| Profit Margin | -3.71% |
| EBITDA Margin | 9.99% |
| EBIT Margin | 3.74% |
| FCF Margin | 1.56% |
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 | -8.78% |
| Shareholder Yield | -8.78% |
| Earnings Yield | -30.77% |
| FCF Yield | 12.90% |
Dividend DetailsAnalyst Forecast
The average price target for Forward Air is $24.00, which is 173.97% higher than the current price. The consensus rating is "Strong Buy".
| Price Target | $24.00 |
| Price Target Difference | 173.97% |
| 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 0.99 and a Piotroski F-Score of 6. A Z-score under 3 suggests an increased risk of bankruptcy.
| Altman Z-Score | 0.99 |
| Piotroski F-Score | 6 |
