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Forward Air Corporation FWRD R2K

Industrials · Integrated Freight & Logistics · United States
https://www.forwardair.com
Company Profile ↓
$12.79
-53.71% 1Y
Mkt Cap$404.48M
P/E-4.38
P/B5.20
52W High$32.27
52W Low$8.31
Book Value$2.56
EPS (TTM)$-2.92

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

Steady Revenue Expansion

Revenue has grown at a 10.3% CAGR over the past five years.

Positive Free Cash Flow

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.

Technical Snapshot Mixed
52-Week Range 19% of range
$8.31 $32.27
Trend Signals
  • Price vs 50-DMAAbove
  • Price vs 200-DMABelow
  • RSI (14)47.97 · Neutral
Price Performance
1M+1.75%
3M-33.76%
6M-52.73%
1Y-53.71%

Auto-generated from price history and fundamentals; not investment advice.

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Price Chart

Robinhood TradingView

Fundamental Growth Charts

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.

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Valuation

Stock P/E
-4.38
Industry PE
30.17
Forward P/E
-50.49
PEG Ratio
0.65
Book Value
$2.56
Price to Book
5.20
P/S
0.17
EV/EBITDA
10.05
Dividend Yield
0.00%

Growth (CAGR)

Revenue 5Y
10.26%
Profit 5Y
-
Revenue (YoY)
-5.10%
Earnings (YoY)
-

Profitability & Returns

ROCE
1.59%
ROE
-69.13%
ROA
2.10%
Profit Margin
-3.71%
Op Margin
4.00%
Gross Margin
20.54%
EPS (Latest Qtr)
$-1.09
EPS (TTM)
$-2.92

Balance Sheet & Liquidity

Debt/Equity
17.59
Quick Ratio
1.07
Current Ratio
1.23
Debt
$2.15B
Total Assets
$2.70B
Current Assets
-
Working Capital
-

Ownership

Promoter Holding
1.99%
Chg in Prom Hold
0.14%
FII / Inst Holding
108.26%
Chg in FII Hold
-0.02%

Financial Snapshot

Enterprise Value
$404.48M
Total Revenue (TTM)
$2.46B
EBITDA
$246.03M
Free Cash Flow
$55.90M
Operating Cash Flow
$62.51M
Shares Outstanding
31.63M
Gross Margin
20.54%
Payout Ratio
0.00%

Peer comparison

Peer companies in the same sector (Industrials).

#NameCMP $P/E Mkt CapDiv 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 2015Mar 2016Jun 2016Sep 2016Dec 2016Mar 2017Jun 2017Sep 2017Dec 2017Mar 2018Jun 2018Sep 2018Dec 2018Mar 2019Jun 2019Sep 2019Dec 2019Mar 2020Jun 2020Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Mar 2026
Revenue -----------------305.56M281.68M332.00M-362.20M420.67M419.62M401.20M442.19M433.20M403.04M357.71M333.62M340.98M338.43M541.81M643.67M655.94M632.85M613.28M618.84M631.76M582.05M
Operating Income 29.02M21.40M-14.35M24.70M28.22M23.74M30.00M27.18M27.84M24.23M32.87M29.88M35.05M24.73M29.07M29.19M32.85M15.77M13.91M23.51M-22.72M42.12M42.48M57.35M75.55M71.67M-47.20M26.32M11.69M--65.73M-1.10B22.70M-4.76M19.52M15.01M20.44M
Net Income 23.23M13.10M-10.07M11.93M12.71M14.58M19.67M18.33M34.68M17.74M24.30M22.33M27.68M18.41M22.33M22.20M24.17M8.38M3.15M16.65M-4.44M11.18M30.68M23.54M42.69M55.43M52.13M42.94M36.37M19.95M9.29M101.74M-61.71M-645.43M-73.41M-36.42M-50.64M-12.58M-16.25M-34.32M
Diluted EPS 0.750.43-0.330.390.420.480.650.611.160.600.820.760.950.640.780.780.850.300.110.60-0.170.401.110.861.572.041.931.601.370.760.363.93-2.81-23.47-2.66-1.24-1.68-0.41-0.52-1.09

Profit & Loss (Annual)

Figures in USD.

Metric Dec 2008Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Revenue 474.44M417.41M483.94M536.40M584.45M652.48M780.96M959.12M1.03B1.17B1.14B1.22B1.27B1.39B1.68B1.37B2.47B2.50B
Operating Income 70.28M18.55M53.74M77.11M83.53M84.36M96.41M81.77M59.70M108.76M117.22M112.42M73.92M147.03M247.59M88.21M-1.06B36.42M
Net Income 42.54M9.80M32.04M47.20M52.67M54.47M61.17M55.58M27.50M87.25M92.05M87.10M23.73M105.86M193.19M167.35M-816.97M-107.80M
Diluted EPS 1.470.341.101.601.781.771.961.780.902.893.123.040.843.857.146.40-30.63-3.51

Balance Sheet (Annual)

Figures in USD.

Metric Dec 2007Dec 2008Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Total Assets --316.73M348.80M341.15M399.19M506.27M539.31M699.93M644.05M692.62M760.22M990.88M1.05B1.12B1.21B2.98B2.80B2.72B
Total Equity 171.73M216.43M224.51M256.09M286.90M351.67M435.87M463.56M509.50M498.35M532.70M553.24M577.18M547.33M593.65M707.24M764.26M201.73M113.34M
Cash & Equivalents 4.91M22.09M42.03M74.50M58.80M112.18M127.37M41.43M33.31M8.51M3.89M25.66M64.75M40.25M37.32M45.82M121.97M104.90M106.00M
Long Term Debt --50.00M50.00M0--027.54M040.22M47.28M67.34M112.40M155.47M106.59M01.68B1.69B
Current Liabilities --29.78M27.61M33.93M27.92M34.61M43.43M109.04M77.93M66.15M74.72M137.16M171.62M164.69M169.40M237.09M384.05M428.32M

Cash Flows (Annual)

Figures in USD.

Metric Dec 2008Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Operating Cash Flow 59.08M50.18M53.99M76.96M68.59M90.84M91.66M85.72M130.35M103.36M152.55M159.02M------
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-72.99M5.50M3.27M-49.89M7.08M-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 32.38M29.33M38.85M55.74M47.23M55.40M52.17M45.23M88.17M65.10M112.99M137.01M------
Share Buybacks -0026.10M0354.00K39.97M19.99M39.98M48.98M66.13M56.20M45.25M48.99M62.77M93.81M00
Dividends Paid 8.09M8.11M8.12M8.19M9.95M12.14M14.79M14.82M15.53M18.05M18.43M20.49M20.87M22.98M25.86M25.00M00

Ratios (Annual)

Figures in %.

Metric Dec 2008Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 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

Insiders
1.99%
Institutions
108.26%
Public Float
110.46%

Top Institutional Holders

#Holder% HeldSharesValue
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

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Latest News

Recent headlines for FWRD

Google News Sat, 11 Jul 2026

Forward Air (FWRD) Stock Fair Value Moves Lower As Analysts Cut Revenue Expectations - Yahoo Finance

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Google News Fri, 10 Jul 2026

Forward Air Corp (FWRD) Shares Surge 3.9% -- What GF Score of 56 Tells Investors - GuruFocus

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Google News Mon, 29 Jun 2026

Forward Air (FWRD) executive Lindsay discloses shares and options on Form 3 - Stock Titan

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Google News Fri, 26 Jun 2026

FWRD Forecast — Price Target — Prediction for 2027 - TradingView

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Google News Fri, 06 Feb 2026

Forward Air Corp (FWRD) Stock Price Today: $13.38 - Gotrade

<a href="https://news.google.com/rss/articles/CBMiV0FVX3lxTE85NTNNVkpLQ05hRG9lOXZIdDlGNVlBb3hVbGU5UVE4ZGJFaHJVaFdZeFk4SEdLY3o0SnVuZ1NFVUZwRzdDZkZCZGVTRzVfYkdhMjA5dDFpRQ?oc=5" target="_blank">Forward Air Corp (FWRD) Stock Price Today: $13.38…

Google News Fri, 10 Jul 2026

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.

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