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Forward Air Corporation (FWRD)

Profile

Full Name

Forward Air Corporation

Ticker

NASDAQ: FWRD

Exchange

NASDAQ

Sector

Industrials

Industry

Integrated Freight & Logistics

Country

United States

IPO

November 16, 1993

Indexes

Not included

Website

http://www.forwardair.com

Employees

6319

Key Details

Price

$32.11(+2.75%)

Market cap

$976.89M(Small cap)

Last Dividend

$0.24

TTM Dividend yield

-

Annual revenue

$2.47B(+80.51% YoY)

Annual EPS

-$30.63(-578.59% YoY)

PE ratio

-

Next earnings date

Aug 11, 2025

Next ex-dividend date

N/A

Next split date

N/A

Quick Search

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    Analyst ratings

    Price

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    Current Price

    $32.11
    FWRD price is $32.11

    30-Day Relative Volume

    0.75
    FWRD 30-day relative volume is 0.75

    Price Performance

    Price Most recent change

    +2.75%
    FWRD price was up +2.75% on Jul 25, 2025

    Price YTD change

    -0.43%
    FWRD price is down -0.43% since January 1st

    Price 1-year change

    +16.05%
    FWRD price is up +16.05% year-on-year

    Price 3-year change

    -66.46%
    FWRD price is down -66.46% over the past 3 years

    Price Range

    Price All-time high

    $125.71
    FWRD price is currently -74.46% below its historical high of $125.71

    Price 3-year low

    $9.79
    FWRD price is currently +227.99% above its 3-year low

    Capitalization

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    Market cap

    Market cap

    $976.89M
    FWRD market capitalization is $976.89 million

    Market cap 3-year change

    -62.04%
    FWRD market capitalization is down -62.04% over the past 3 years

    Market cap All-time high

    $3.36B
    FWRD market capitalization is currently -70.93% below its historical high of $3.36 billion

    Market cap sector rank

    51.02%
    FWRD market capitalization is higher than 51.02% of companies in Industrials sector

    Shares Outstanding

    Shares Outstanding 1-Year Change

    +9.84%
    FWRD shares outstanding is up +9.84% year-on-year

    Shares Outstanding 3-Year Change

    +13.18%
    FWRD shares outstanding is up +13.18% over the past 3 years

    Technical Indicators

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    Beta

    2.42
    FWRD beta is 2.42

    200-day SMA

    $26.76
    FWRD price is currently +20.01% above its 200-day simple moving average

    50-day SMA

    $22.65
    FWRD price is currently +41.74% above its 50-day simple moving average

    RSI

    81.09
    FWRD 14-day relative strength index is 81.09

    Volume

    0.75
    FWRD 30-day relative volume is 0.75

    ATR

    $1.47
    FWRD average true range is $1.47

    10-day Historical Volatility

    50.91%
    FWRD 10-day historical volatility is 50.91%

    Dividend

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    Events

    Last Paid Dividend

    $0.24
    FWRD last dividend was $0.24 per share, with an ex-dividend date of November 21, 2023

    Next Dividend

    -
    FWRD next dividend has not yet been announced

    Dividend per share

    Dividend per share

    -
    FWRD annual dividend per share value is unknown

    Dividend per share Sector Rank

    -
    FWRD annual dividend per share is unknown

    Dividend per share 1-Year Change

    -
    FWRD annual dividend per share 1-year change is unknown

    Dividend per share 3-Year Change

    -
    FWRD annual dividend per share 3-year change is unknown

    Dividend yield

    Dividend yield

    -
    FWRD annual dividend yield value is unknown

    Dividend yield Sector Rank

    -
    FWRD annual dividend yield is unknown

    Other

    Payout ratio

    0.00%
    FWRD annual payout ratio is 0.00%

    Dividends paid

    $0.00
    FWRD annual dividends paid is $0.00

    Free cash flow

    -$119.71M
    FWRD annual free cash flow is -$119.71 million

    Income Statement

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    Revenue

    Revenue

    $2.47B
    FWRD annual revenue is $2.47 billion

    Revenue Analysts estimate

    $2.56B
    FWRD annual revenue is currently -3.38% lower than the consensus analysts' forecast

    Revenue 1-year change

    +80.51%
    FWRD annual revenue is up +80.51% year-on-year

    Revenue Sector rank

    67.07%
    FWRD annual revenue is higher than 67.07% of companies in Industrials sector

    EPS

    EPS

    -$30.63
    FWRD annual earnings per share is -$30.63

    EPS Analysts estimate

    -$1.06
    FWRD annual earnings per share is currently +2798.65% higher than the consensus analysts' forecast

    EPS 1-year change

    -578.59%
    FWRD annual earnings per share is down -578.59% year-on-year

    EPS Sector rank

    2.36%
    FWRD annual earnings per share is higher than 2.36% of companies in Industrials sector

    Profit

    Gross profit

    $339.65M
    FWRD annual gross profit is $339.65 million

    Gross margin

    13.73%
    FWRD annual gross profit margin is 13.73%

    Operating profit

    -$34.54M
    FWRD annual operating income is -$34.54 million

    Operating margin

    -1.40%
    FWRD annual operating profit margin is -1.40%

    Net income

    -$816.97M
    FWRD annual net profit is -$816.97 million

    Net margin

    -33.02%
    FWRD annual net profit margin is -33.02%

    Expenses

    Total expenses

    $2.51B
    FWRD annual total expenses is $2.51 billion

    Operating expenses

    $374.19M
    FWRD annual total operating expenses is $374.19 million

    Cost of goods sold

    $2.13B
    FWRD annual cost of goods sold is $2.13 billion

    Selling, general & administrative expenses

    $64.68M
    FWRD annual SGA is $64.68 million

    Depreciation and amortization

    $143.98M
    FWRD annual depreciation & amortization is $143.98 million

    Interest expense

    $189.22M
    FWRD annual interest expense is $189.22 million

    Income tax

    -$124.99M
    FWRD annual income tax is -$124.99 million

    EBIT & EBITDA

    EBIT

    -$1.06B
    FWRD annual earnings before interest & taxes is -$1.06 billion

    EBITDA

    -$916.64M
    FWRD annual EBITDA is -$916.64 million

    Balance Sheet

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    Assets

    Total assets

    $2.80B
    FWRD annual total assets is $2.80 billion

    Non current assets

    $2.37B
    FWRD annual long term assets is $2.37 billion

    Current assets

    $460.39M
    FWRD annual total current assets is $460.39 million

    Cash and cash equivalents

    $104.90M
    FWRD annual cash & cash equivalents is $104.90 million

    Accounts receivable

    $322.29M
    FWRD annual accounts receivable is $322.29 million

    Inventory

    -
    FWRD annual inventory value is unknown

    Liabilities

    Total liabilities

    $2.52B
    FWRD annual total liabilities is $2.52 billion

    Long term liabilities

    $2.13B
    FWRD annual total long term liabilities is $2.13 billion

    Current liabilities

    $374.41M
    FWRD annual total current liabilities is $374.41 million

    Accounts payable

    $96.06M
    FWRD annual accounts payable is $96.06 million

    Debt

    Total debt

    $2.15B
    FWRD annual total debt is $2.15 billion

    Total debt 1-year change

    +10.28%
    FWRD annual total debt is up +10.28% year-on-year

    Long term debt

    $2.03B
    FWRD annual long term debt is $2.03 billion

    Short term debt

    $113.37M
    FWRD annual short term debt is $113.37 million

    Equity & Capital

    Shareholders equity

    $201.73M
    FWRD annual stockholders equity is $201.73 million

    Book value

    $241.49M
    FWRD annual book value is $241.49 million

    Retained earnings

    -$338.23M
    FWRD annual retained earnings is -$338.23 million

    Working capital

    $85.98M
    FWRD annual working capital is $85.98 million

    Cash Flow Statement

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    Cashflow Activities

    Cash from operations

    -$82.65M
    FWRD annual cash flow from operations is -$82.65 million

    Cash from operations 1-year change

    -145.56%
    FWRD annual cash flow from operations is down -145.56% year-on-year

    Cash from investing

    -$1.60B
    FWRD annual cash flow from investing activities is -$1.60 billion

    Cash from investing 1-year change

    -1013.41%
    FWRD annual cash flow from investing activities is down -1013.41% year-on-year

    Cash from financing

    -$172.08M
    FWRD annual cash flow from financing activities is -$172.08 million

    Cash from financing 1-year change

    -111.1%
    FWRD annual cash flow from financing activities is down -111.1% year-on-year

    CAPEX

    CAPEX

    $37.06M
    FWRD annual capital expenditures is $37.06 million

    CAPEX 1-year change

    +20.62%
    FWRD annual capital expenditures is up +20.62% year-on-year

    Free Cash Flow

    Free cash flow

    -$119.71M
    FWRD annual free cash flow is -$119.71 million

    Free cash flow 1-year change

    -179.45%
    FWRD annual free cash flow is down -179.45% year-on-year

    Profitability Ratios

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    Margins

    Gross margin

    13.73%
    FWRD annual gross profit margin is 13.73%

    Operating margin

    -1.40%
    FWRD annual operating profit margin is -1.40%

    Net margin

    -33.02%
    FWRD annual net profit margin is -33.02%

    ROA & ROE

    ROA

    -28.26%
    FWRD annual return on assets is -28.26%

    ROE

    -155.59%
    FWRD annual return on equity is -155.59%

    Valuation

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    PE Ratio

    PE ratio

    -
    FWRD price to earnings ratio value is unknown

    PE ratio Sector rank

    -
    FWRD price to earnings ratio is unknown

    PB Ratio

    PB ratio

    6.32
    FWRD price to book ratio is 6.32

    PB ratio Sector rank

    80.29%
    FWRD price to book ratio is higher than 80.29% of companies in Industrials sector

    PS Ratio

    PS ratio

    0.38
    FWRD price to sales ratio is 0.38

    PS ratio Sector rank

    14.8%
    FWRD price to sales ratio is higher than 14.8% of companies in Industrials sector

    Enterprise value

    Enterprise value

    $3.01B
    FWRD enterprise value is $3.01 billion

    Enterprise value Sector rank

    60.53%
    FWRD enterprise value is higher than 60.53% of companies in Industrials sector

    EV/EBITDA

    EV/EBITDA

    -3.58
    FWRD EV/EBITDA is -3.58

    EV/EBITDA Sector rank

    15%
    FWRD EV/EBITDA is higher than 15% of companies in Industrials sector

    Financial Health

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    Liquidity

    Current ratio

    1.23
    FWRD annual current ratio is 1.23

    Quick ratio

    -
    FWRD annual quick ratio value is unknown

    Leverage

    Debt to equity

    7.01
    FWRD annual debt to equity ratio is 7.01

    Interest coverage ratio

    -5.61
    FWRD annual interest coverage ratio is -5.61

    Risk & Stability

    Piotroski F-Score

    4
    FWRD piotroski f-score is 4

    Altman Z-Score

    -0.27
    FWRD altman z-score is -0.27

    Analyst ratings

    Recent major analysts updates

    Jul 24, 25 Stifel
    Buy
    Jun 26, 25 Stifel
    Buy
    Apr 10, 25 Stifel
    Hold
    Mar 31, 25 Susquehanna
    Positive
    Feb 27, 25 Baird
    Neutral
    Jan 23, 25 Stifel
    Hold
    Jan 7, 25 Benchmark
    Hold
    Oct 21, 24 Stifel
    Hold
    Aug 12, 24 Benchmark
    Hold
    Aug 8, 24 Baird
    Neutral

    Institutional Ownership

    Screeners with FWRD included

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    • What is the ticker symbol for Forward Air Corporation?
    • Does Forward Air Corporation pay dividends?
    • What sector is Forward Air Corporation in?
    • What industry is Forward Air Corporation in?
    • What country is Forward Air Corporation based in?
    • When did Forward Air Corporation go public?
    • Is Forward Air Corporation in the S&P 500?
    • Is Forward Air Corporation in the NASDAQ 100?
    • Is Forward Air Corporation in the Dow Jones?
    • When was Forward Air Corporation's last earnings report?
    • When does Forward Air Corporation report earnings?

    What is the ticker symbol for Forward Air Corporation?

    The ticker symbol for Forward Air Corporation is NASDAQ:FWRD

    Does Forward Air Corporation pay dividends?

    No, Forward Air Corporation does not pay dividends

    What sector is Forward Air Corporation in?

    Forward Air Corporation is in the Industrials sector

    What industry is Forward Air Corporation in?

    Forward Air Corporation is in the Integrated Freight & Logistics industry

    What country is Forward Air Corporation based in?

    Forward Air Corporation is headquartered in United States

    When did Forward Air Corporation go public?

    Forward Air Corporation's initial public offering (IPO) was on November 16, 1993

    Is Forward Air Corporation in the S&P 500?

    No, Forward Air Corporation is not included in the S&P 500 index

    Is Forward Air Corporation in the NASDAQ 100?

    No, Forward Air Corporation is not included in the NASDAQ 100 index

    Is Forward Air Corporation in the Dow Jones?

    No, Forward Air Corporation is not included in the Dow Jones index

    When was Forward Air Corporation's last earnings report?

    Forward Air Corporation's most recent earnings report was on May 7, 2025

    When does Forward Air Corporation report earnings?

    The next expected earnings date for Forward Air Corporation is August 11, 2025
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