Skip to main content
Back
FWRD logo

Forward Air Corporation

Data quality: 100%
Oversold
FWRD
NASDAQ Industrials Integrated Freight & Logistics
$16.61
▲ $0.40 (2.47%)
Mkt Cap: 524.12M
Day Range
$16.12 $16.74
52-Week Range
$9.79 $32.47
Volume
370,781
50D / 200D Avg
$25.35 / $25.19
Prev Close
$16.21

Quick Summary

Price History

Financial Trends

Peer Comparison

vs Industrials sector median (895 peers)

Metric Stock Sector Median
P/E -4.9 14.4
P/B 4.6 1.9
ROE % -68.4 11.4
Net Margin % -4.3 6.5
Rev Growth 5Y % 15.8 8.3
D/E 19.1 0.6

Analyst Price Target

Hold
$37.00 +122.8%
Low: $32.00 High: $42.00
Forward EPS
-$0.71
Est. Revenue
2.60B

Earnings Estimates

Period EPS Est. Revenue Est. Analysts
FY2027 $0.27
$0.23 – $0.30
2.77B 3
FY2026 -$0.71
-$0.79 – -$0.63
2.60B 3

Earnings Surprises

Last 8 quarters
Quarter Est. EPS Actual EPS Surprise
2026-02-23 -$0.27 -$0.28 -5.7%
2025-11-05 -$0.13 -$0.52 -300.0%
2025-08-11 -$0.17 -$0.41 -141.2%
2025-05-07 -$0.47 -$1.59 -238.3%
2025-02-26 -$0.12 $0.01 +108.3%
2024-11-04 -$0.05 -$1.71 -3320.0%
2024-08-07 -$0.07 -$23.29 -33171.4%
2024-05-08 -$0.15 -$0.64 -326.7%

Dividend History

5 yr streak

Yield

0.00%

Payout Ratio

0.00%

Growth (3Y)

8.58%

Growth (5Y)

N/A

Ex-Date Payment Date Amount Yield
Nov 21, 2023 Dec 07, 2023 $0.24 1.48%
Aug 16, 2023 Sep 07, 2023 $0.24 1.49%
May 24, 2023 Jun 13, 2023 $0.24 1.01%
Mar 01, 2023 Mar 17, 2023 $0.24 0.92%
Nov 22, 2022 Dec 08, 2022 $0.24 0.88%
Aug 17, 2022 Sep 08, 2022 $0.24 0.87%
May 25, 2022 Jun 14, 2022 $0.24 0.97%
Mar 02, 2022 Mar 18, 2022 $0.24 0.84%
Nov 23, 2021 Dec 09, 2021 $0.21 0.80%
Aug 19, 2021 Sep 09, 2021 $0.21 0.98%
May 26, 2021 Jun 14, 2021 $0.21 0.85%
Mar 03, 2021 Mar 19, 2021 $0.21 0.88%
Nov 24, 2020 Dec 10, 2020 $0.21 0.97%
Aug 19, 2020 Sep 09, 2020 $0.18 1.24%
May 21, 2020 Jun 10, 2020 $0.18 1.58%
Mar 04, 2020 Mar 20, 2020 $0.18 1.21%
Nov 20, 2019 Dec 06, 2019 $0.18 1.03%
Aug 21, 2019 Sep 06, 2019 $0.18 1.17%
May 23, 2019 Jun 07, 2019 $0.18 1.19%
Mar 06, 2019 Mar 22, 2019 $0.18 1.07%

Key Takeaways

Revenue grew 15.81% annually over 5 years — strong growth
Debt/Equity of 19.05 — high leverage
Generating 15.27M in free cash flow
PEG of 0.08 suggests growth is underpriced
Revenue growth is decelerating — 1Y growth trails 5Y average by 14.97%
Capital efficient — spends only 1.17% of revenue on capex

Growth

Revenue Growth (5Y)
15.81%
Revenue (1Y)0.84%
Earnings (1Y)N/A
FCF Growth (3Y)-68.17%

Quality

Return on Equity
-68.43%
ROIC1.20%
Net Margin-4.32%
Op. Margin1.46%

Safety

Debt / Equity
19.05
Current Ratio1.22
Interest Coverage0.20

Valuation

P/E Ratio
-4.86
Forward P/EN/A
P/B Ratio4.62
EV/EBITDA70.77
Dividend Yield0.00%

All Fundamental Metrics

Growth
Revenue Growth (1Y) 0.84% Revenue Growth (3Y) 34.92%
Earnings Growth (1Y) N/A Earnings Growth (3Y) N/A
Revenue Growth (5Y) 15.81% Earnings Growth (5Y) N/A
Profitability
Revenue (TTM) 2.50B Net Income (TTM) -107.80M
ROE -68.43% ROA -3.93%
Gross Margin 20.48% Operating Margin 1.46%
Net Margin -4.32% Free Cash Flow (TTM) 15.27M
ROIC 1.20% FCF Growth (3Y) -68.17%
Safety
Debt / Equity 19.05 Current Ratio 1.22
Interest Coverage 0.20
Dividends
Dividend Yield 0.00% Payout Ratio 0.00%
Dividend Growth (3Y) 8.58% Dividend Growth (5Y) N/A
Consecutive Div Years 5 yrs
Valuation
P/E Ratio -4.86 Forward P/E N/A
P/B Ratio 4.62 P/S Ratio 0.21
PEG Ratio 0.08 Forward PEG N/A
EV/EBITDA 70.77 Fwd EV/EBITDA 43.37
Forward P/S 0.20 Fwd Earnings Yield N/A
FCF Yield 2.91%
Market Cap 524.12M Enterprise Value 2.58B

Income Statement

Annual, most recent first

Income statement data, annual, most recent first
Metric FY2025 FY2024 FY2023 FY2022 FY2021
Revenue 2.50B 2.47B 1.37B 1.68B 1.39B
Net Income -107.80M -816.97M 167.35M 193.19M 105.86M
EPS (Diluted) -3.48 -29.66 0.43 7.14 3.85
Gross Profit 510.94M 339.65M 330.15M 491.67M 313.95M
Operating Income 36.42M -1.06B 88.21M 247.59M 147.03M

Balance Sheet

Annual, most recent first

Balance sheet data, annual, most recent first
Metric FY2025 FY2024 FY2023 FY2022 FY2021
Total Assets 2.74B 2.80B 2.98B 1.21B 1.12B
Total Liabilities 2.58B 2.52B 2.22B 500.83M 524.17M
Shareholders' Equity 113.34M 201.73M 764.26M 707.24M 593.65M
Total Debt 2.16B 2.15B 1.95B 266.78M 320.07M
Cash & Equivalents 106.00M 104.90M 121.97M 45.82M 37.32M
Current Assets 521.00M 472.50M 347.03M 304.32M 282.81M
Current Liabilities 428.33M 384.05M 237.09M 169.40M 164.69M