Forward Air Corporation FWRD R2K
Company Overview
Forward Air Corporation, together with its subsidiaries, operates as an asset-light freight and logistics company in the United States, Mexico, Europe, Asia, and Canada. The company operates through three segments: Expedited Freight, Omni Logistics, and Intermodal. Its Expedited Freight segment provides expedited regional, inter-regional, and national less-than-truckload services; local pick-up and delivery services; and other services, which include shipment consolidation and deconsolidation, warehousing, customs brokerage, and other handling. This segment offers expedited truckload brokerage, dedicated fleet, and high security and temperature-controlled logistics services. The Omni Logistics segment offers full suite of global logistics services, such as air and ocean freight consolidation and forwarding, customs brokerage, warehousing and distribution, value-added services, time-definite transportation services, and other supply chain solutions. Its Intermodal segment provides intermodal container drayage services; and contract and container freight station warehouse and handling services. The company serves freight forwarders, third-party logistics companies, integrated air cargo carriers and passenger, passenger and cargo airlines, steamship lines, and retailers. Forward Air Corporation was incorporated in 1981 and is headquartered in Dallas, Texas.
Why Investors Should Care
Revenue has grown at a 10.3% CAGR over the past five years.
Generates positive free cash flow, funding growth and shareholder returns internally.
Recent Developments
- Dec 2025 Revenue of $2.50B (+0.8% YoY); net profit $-107.80M.
- Trailing 12 Months Year-on-year growth — revenue -5.1%.
- 5-Year Trend Long-term compounding — revenue CAGR 10.3%.
Growth & Price Performance
Compounded Sales Growth
| 5 Years: | 10.26% |
| 1 Year: | -5.10% |
Stock Price Performance
| 1 Year: | -53.71% |
| 6 Months: | -52.73% |
| 3 Months: | -33.76% |
| 1 Month: | +1.75% |
Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.
- Price vs 50-DMAAbove
- Price vs 200-DMABelow
- RSI (14)47.97 · Neutral
Auto-generated from price history and fundamentals; not investment advice.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth Charts
No fundamental data available for this stock.
Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.
PROS
- Compounding revenue at 10.3% over 5 years.
- Generates positive free cash flow.
CONS
- Trading 60.4% below its 52-week high.
- In a downtrend (50-DMA below 200-DMA).
* The pros and cons are auto-generated from financial metrics.
Valuation
Growth (CAGR)
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Peer comparison
Peer companies in the same sector (Industrials).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | FWRD Forward Air Corporation R2K | 12.79 | -4.38 | $404.48M | 0.00% | 1.59% | -69.13% | 10.26% | - |
| 2 | CAT Caterpillar Inc. SPX | 933.34 | 46.39 | $429.89B | 0.72% | 17.98% | 51.33% | 2.29% | 5.24% |
| 3 | GE GE Aerospace SPX | 353.73 | 43.94 | $369.06B | 0.56% | 11.89% | 45.43% | 16.32% | 195.89% |
| 4 | GEV GE Vernova Inc. SPXAI | 1,066.01 | 31.13 | $286.46B | 0.21% | 6.30% | 75.71% | 8.68% | - |
| 5 | RTX RTX Corporation SPX | 193.39 | 36.35 | $260.44B | 1.51% | 8.28% | 11.57% | 2.61% | 2.62% |
| 6 | UNP Union Pacific Corporation SPX | 288.30 | 23.71 | $171.17B | 2.02% | 15.22% | 40.69% | 2.30% | 7.77% |
| 7 | BA The Boeing Company SPX | 217.11 | 86.15 | $171.15B | 0.00% | -9.01% | - | 1.67% | -3.28% |
| 8 | ETN Eaton Corporation plc SPXAI | 415.52 | 40.66 | $161.35B | 1.12% | 11.53% | 20.84% | 4.73% | 10.38% |
| 9 | DE Deere & Company SPX | 584.40 | 33.07 | $157.85B | 1.12% | - | 18.35% | 3.43% | 5.10% |
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios
Quarterly Results
Figures in USD.
| Metric | Dec 2015 | Mar 2016 | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 305.56M | 281.68M | 332.00M | - | 362.20M | 420.67M | 419.62M | 401.20M | 442.19M | 433.20M | 403.04M | 357.71M | 333.62M | 340.98M | 338.43M | 541.81M | 643.67M | 655.94M | 632.85M | 613.28M | 618.84M | 631.76M | 582.05M |
| Operating Income | 29.02M | 21.40M | -14.35M | 24.70M | 28.22M | 23.74M | 30.00M | 27.18M | 27.84M | 24.23M | 32.87M | 29.88M | 35.05M | 24.73M | 29.07M | 29.19M | 32.85M | 15.77M | 13.91M | 23.51M | - | 22.72M | 42.12M | 42.48M | 57.35M | 75.55M | 71.67M | - | 47.20M | 26.32M | 11.69M | - | -65.73M | -1.10B | 22.70M | - | 4.76M | 19.52M | 15.01M | 20.44M |
| Net Income | 23.23M | 13.10M | -10.07M | 11.93M | 12.71M | 14.58M | 19.67M | 18.33M | 34.68M | 17.74M | 24.30M | 22.33M | 27.68M | 18.41M | 22.33M | 22.20M | 24.17M | 8.38M | 3.15M | 16.65M | -4.44M | 11.18M | 30.68M | 23.54M | 42.69M | 55.43M | 52.13M | 42.94M | 36.37M | 19.95M | 9.29M | 101.74M | -61.71M | -645.43M | -73.41M | -36.42M | -50.64M | -12.58M | -16.25M | -34.32M |
| Diluted EPS | 0.75 | 0.43 | -0.33 | 0.39 | 0.42 | 0.48 | 0.65 | 0.61 | 1.16 | 0.60 | 0.82 | 0.76 | 0.95 | 0.64 | 0.78 | 0.78 | 0.85 | 0.30 | 0.11 | 0.60 | -0.17 | 0.40 | 1.11 | 0.86 | 1.57 | 2.04 | 1.93 | 1.60 | 1.37 | 0.76 | 0.36 | 3.93 | -2.81 | -23.47 | -2.66 | -1.24 | -1.68 | -0.41 | -0.52 | -1.09 |
Profit & Loss (Annual)
Figures in USD.
| Metric | Dec 2008 | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 474.44M | 417.41M | 483.94M | 536.40M | 584.45M | 652.48M | 780.96M | 959.12M | 1.03B | 1.17B | 1.14B | 1.22B | 1.27B | 1.39B | 1.68B | 1.37B | 2.47B | 2.50B |
| Operating Income | 70.28M | 18.55M | 53.74M | 77.11M | 83.53M | 84.36M | 96.41M | 81.77M | 59.70M | 108.76M | 117.22M | 112.42M | 73.92M | 147.03M | 247.59M | 88.21M | -1.06B | 36.42M |
| Net Income | 42.54M | 9.80M | 32.04M | 47.20M | 52.67M | 54.47M | 61.17M | 55.58M | 27.50M | 87.25M | 92.05M | 87.10M | 23.73M | 105.86M | 193.19M | 167.35M | -816.97M | -107.80M |
| Diluted EPS | 1.47 | 0.34 | 1.10 | 1.60 | 1.78 | 1.77 | 1.96 | 1.78 | 0.90 | 2.89 | 3.12 | 3.04 | 0.84 | 3.85 | 7.14 | 6.40 | -30.63 | -3.51 |
Balance Sheet (Annual)
Figures in USD.
| Metric | Dec 2007 | Dec 2008 | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | - | - | 316.73M | 348.80M | 341.15M | 399.19M | 506.27M | 539.31M | 699.93M | 644.05M | 692.62M | 760.22M | 990.88M | 1.05B | 1.12B | 1.21B | 2.98B | 2.80B | 2.72B |
| Total Equity | 171.73M | 216.43M | 224.51M | 256.09M | 286.90M | 351.67M | 435.87M | 463.56M | 509.50M | 498.35M | 532.70M | 553.24M | 577.18M | 547.33M | 593.65M | 707.24M | 764.26M | 201.73M | 113.34M |
| Cash & Equivalents | 4.91M | 22.09M | 42.03M | 74.50M | 58.80M | 112.18M | 127.37M | 41.43M | 33.31M | 8.51M | 3.89M | 25.66M | 64.75M | 40.25M | 37.32M | 45.82M | 121.97M | 104.90M | 106.00M |
| Long Term Debt | - | - | 50.00M | 50.00M | 0 | - | - | 0 | 27.54M | 0 | 40.22M | 47.28M | 67.34M | 112.40M | 155.47M | 106.59M | 0 | 1.68B | 1.69B |
| Current Liabilities | - | - | 29.78M | 27.61M | 33.93M | 27.92M | 34.61M | 43.43M | 109.04M | 77.93M | 66.15M | 74.72M | 137.16M | 171.62M | 164.69M | 169.40M | 237.09M | 384.05M | 428.32M |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2008 | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 59.08M | 50.18M | 53.99M | 76.96M | 68.59M | 90.84M | 91.66M | 85.72M | 130.35M | 103.36M | 152.55M | 159.02M | - | - | - | - | - | - |
| Investing Cash Flow | -56.19M | -20.20M | -13.89M | -19.67M | -20.70M | -78.92M | -127.71M | -100.92M | -52.39M | -59.19M | -55.46M | -63.91M | - | - | - | - | - | - |
| Financing Cash Flow | 14.29M | -10.03M | -7.64M | -72.99M | 5.50M | 3.27M | -49.89M | 7.08M | -102.76M | -48.80M | -75.33M | -56.01M | - | - | - | - | - | - |
| Capital Expenditure | -26.70M | -20.85M | -15.15M | -21.22M | -21.35M | -35.44M | -39.49M | -40.49M | -42.19M | -38.27M | -39.56M | -22.01M | -20.27M | -38.38M | -39.25M | -30.73M | -37.06M | -29.12M |
| Free Cash Flow | 32.38M | 29.33M | 38.85M | 55.74M | 47.23M | 55.40M | 52.17M | 45.23M | 88.17M | 65.10M | 112.99M | 137.01M | - | - | - | - | - | - |
| Share Buybacks | - | 0 | 0 | 26.10M | 0 | 354.00K | 39.97M | 19.99M | 39.98M | 48.98M | 66.13M | 56.20M | 45.25M | 48.99M | 62.77M | 93.81M | 0 | 0 |
| Dividends Paid | 8.09M | 8.11M | 8.12M | 8.19M | 9.95M | 12.14M | 14.79M | 14.82M | 15.53M | 18.05M | 18.43M | 20.49M | 20.87M | 22.98M | 25.86M | 25.00M | 0 | 0 |
Ratios (Annual)
Figures in %.
| Metric | Dec 2008 | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 14.8% | 4.4% | 11.1% | 14.4% | 14.3% | 12.9% | 12.3% | 8.5% | 5.8% | 9.3% | 10.3% | 9.3% | 5.8% | 10.6% | 14.7% | 6.4% | -43.0% | 1.5% |
| Net Margin % | 9.0% | 2.3% | 6.6% | 8.8% | 9.0% | 8.3% | 7.8% | 5.8% | 2.7% | 7.5% | 8.1% | 7.2% | 1.9% | 7.6% | 11.5% | 12.2% | -33.0% | -4.3% |
| ROE % | 19.7% | 4.4% | 12.5% | 16.5% | 15.0% | 12.5% | 13.2% | 10.9% | 5.5% | 16.4% | 16.6% | 15.1% | 4.3% | 17.8% | 27.3% | 21.9% | -405.0% | -95.1% |
| ROCE % | - | 6.5% | 16.7% | 25.1% | 22.5% | 17.9% | 19.4% | 13.8% | 10.5% | 17.4% | 17.1% | 13.2% | 8.4% | 15.4% | 23.8% | 3.2% | -43.9% | 1.6% |
Shareholding Pattern
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | Clearlake Capital Group, LP | 12.09% | 3.83M | $49.19M |
| 2 | Blackrock Inc. | 11.70% | 3.70M | $47.58M |
| 3 | Irenic Capital Management LP | 3.89% | 1.23M | $15.82M |
| 4 | Private Management Group, Inc. | 3.65% | 1.16M | $14.86M |
| 5 | FMR, LLC | 3.44% | 1.09M | $13.97M |
| 6 | State Street Corporation | 3.33% | 1.05M | $13.55M |
| 7 | Vanguard Capital Management LLC | 3.25% | 1.03M | $13.20M |
| 8 | Paralel Advisors Llc | 3.08% | 975.00K | $12.54M |
| 9 | Vanguard Portfolio Management LLC | 2.84% | 898.22K | $11.55M |
| 10 | Melqart Asset Management UK Ltd. | 2.78% | 877.74K | $11.29M |
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
Recent headlines for FWRD
Forward Air (FWRD) Stock Fair Value Moves Lower As Analysts Cut Revenue Expectations - Yahoo Finance
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Forward Air Corp (FWRD) Shares Surge 3.9% -- What GF Score of 56 Tells Investors - GuruFocus
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Forward Air (FWRD) executive Lindsay discloses shares and options on Form 3 - Stock Titan
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FWRD Forecast — Price Target — Prediction for 2027 - TradingView
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Forward Air Corp (FWRD) Stock Price Today: $13.38 - Gotrade
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Forward Air Corporation (NASDAQ: FWRD) shifts board leadership, adjusts Lorrain equity - Stock Titan
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FWRD — Frequently Asked Questions
What is the current share price of Forward Air Corporation (FWRD)?
As of 2026-07-14 21:23 PDT, Forward Air Corporation (FWRD) trades at $12.79 on NasdaqGS. Its 52-week range is $8.31 to $32.27.
What is the market capitalisation of FWRD?
Forward Air Corporation (FWRD) has a market capitalisation of $404.48M on NasdaqGS.
What is the P/E ratio of FWRD?
FWRD trades at a trailing price-to-earnings (P/E) ratio of -4.38. The industry average P/E is 30.17. Its price-to-book (P/B) ratio is 5.20.
What is the return on equity (ROE) of FWRD?
FWRD has a return on equity (ROE) of -69.13%. Its return on capital employed (ROCE) is 1.59%.
Is FWRD a good stock to buy?
This page provides a data-driven analysis of Forward Air Corporation (FWRD), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.