Forward Air (FWRD)
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Forward Air Corp is a transportation and logistics company focused on time-sensitive freight, asset-light networks, and supply chain services. The company is best known for expedited less-than-truckload services that move freight through a national network of terminals, often serving customers that need faster transit than traditional LTL carriers provide. Its model relies heavily on purchased transportation, independent contractors, and partners rather than a fully owned truck fleet, which gives the business flexibility but also exposes it to capacity pricing and execution risk.
Forward Air serves shippers, freight forwarders, third-party logistics providers, retailers, manufacturers, and other customers that require reliable movement of goods across North America and beyond. Its services include airport-to-airport and door-to-door expedited freight, local pickup and delivery, final-mile transportation, truckload brokerage, warehousing, shipment consolidation and deconsolidation, customs brokerage, and handling services. Through its Omni Logistics segment, the company also provides broader global logistics capabilities across air, ocean, ground, and contract logistics, making Omni a major contributor to revenue.
The company’s Intermodal operations add another layer to its network by providing drayage and container-related services linked to rail and port activity. This positions Forward Air across several parts of the freight market, from urgent domestic shipments to international supply chain management. Its business is tied to freight demand, inventory cycles, e-commerce and retail activity, manufacturing output, and global trade flows. What distinguishes Forward Air is its emphasis on expedited, high-service freight and its effort to combine a specialized North American network with more comprehensive logistics offerings through Omni.
Last updated
- Market Cap
- $417,450,607
- P/E
- —
- P/FCF
- 10.88
- P/S
- 0.17
- Enterprise Value
- $2,000,849,607
- Sector
- Industrials
- Industry
- Arrangement of Transportation of Freight and Cargo
- Address
- 3200 OLYMPUS BOULEVARD, DALLAS, TX, 75019
Forward Air secures deal to keep at least 50% of $250M account
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Forward Air Corporation - FWRD
FORWARD AIR STOCKHOLDER ALERT: Bragar Eagel & Squire, P.C. is Investigating Forward Air Corporation on Behalf of Forward Air Stockholders and Encourages Investors to Contact the Firm
FORWARD AIR ALERT: Bragar Eagel & Squire, P.C. is Investigating Forward Air Corporation on Behalf of Forward Air Stockholders and Encourages Investors to Contact the Firm
- Market Cap
Market cap is the total value of a company's shares, calculated by multiplying the stock price by the number of shares outstanding.
- $417,450,607
- Enterprise Value
Enterprise value is the total value of a company, including its market cap, debt, and cash.
- $2,000,849,607
- P/E
P/E ratio compares a company's share price to its earnings per share.
- —
- P/B
P/B ratio compares a company's share price to its book value per share.
- 5.15
- P/S
P/S ratio compares a company's share price to its revenue per share.
- 0.17
- EV / EBITDA
EV/EBITDA measures a company's value compared to its earnings before interest, taxes, depreciation, and amortization.
- 9.72
- EV / Sales
EV/Sales measures a company's value compared to its total revenue.
- 0.81
- EPS
- -2.89
- Dividend Yield
Dividend yield shows how much a company pays in dividends each year compared to its share price.
- 0%
- P/FCF
Price-to-free-cash-flow ratio compares a company's share price to the cash it generates after expenses and investments.
- 10.88
- P/CF
P/CF ratio compares a company's share price to the cash flow it generates from its operations.
- 6.68
- Free Cash Flow
Free cash flow is the cash a company has left after covering operating costs and capital expenses.
- $38,351,000
- ROE
ROE measures how effectively a company uses shareholders' equity to generate profit.
- -112.93%
- ROA
ROA measures how effectively a company uses its assets to generate profit.
- -3.39%
- Debt / Equity
Debt-to-equity ratio compares a company's total debt to its shareholders' equity.
- 21.29
- Current Ratio
Current ratio measures a company's ability to pay short-term debts using its short-term assets.
- 1.23
- Quick Ratio
Quick ratio measures a company's ability to pay short-term debts using cash and other easily available assets.
- 1.23
- Cash
Cash ratio measures a company's ability to cover short-term debts using only cash and cash equivalents.
- 0.32
- Avg Volume
Average volume shows the average number of shares traded over the last 30 trading days, helping indicate liquidity.
- $1,140,227
- Fundamentals Snapshot Price
Fundamentals snapshot price is the stock price used when calculating the company's financial ratios and metrics.
- 13.2
Income Statement
| Line Item | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 |
|---|---|---|---|---|---|
| Revenue | 582.05M | 631.23M | 631.76M | 618.84M | 613.28M |
| Cost of revenue | 0 | 0 | 0 | 0 | 0 |
| Gross profit | 582.05M | 631.23M | 631.76M | 618.84M | 613.28M |
| Operating income | 20.44M | -2.87M | 15.01M | 19.52M | 4.76M |
| EBITDA | 58.96M | 37.86M | 52.76M | 56.33M | 42.12M |
| Net income | -34.32M | -28.33M | -16.25M | -12.58M | -50.64M |
| Income taxes | 1.79M | -8.7M | 385K | -16.75M | 19.59M |
| Interest expense | -43.59M | -45.1M | -44.78M | -45.33M | -45.55M |
| Other operating expenses | 407.51M | 477.01M | 447.1M | 417.03M | 429.24M |
| Total operating expenses | 561.61M | 634.1M | 616.76M | 599.32M | 608.52M |
| Basic EPS | -1.09 | -0.91 | -0.52 | -0.41 | -1.68 |
| Diluted EPS | -1.09 | -0.91 | -0.52 | -0.41 | -1.68 |
Balance Sheet
| Line Item | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 |
|---|---|---|---|---|---|
| Total assets | 2.7B | 2.72B | 2.79B | 2.76B | 2.8B |
| Total liabilities | 2.57B | 2.56B | 2.6B | 2.54B | 2.58B |
| Total equity | 122.28M | 161.66M | 195.84M | 216.24M | 227.01M |
| Cash & equivalents | 141.02M | 106M | 140.35M | 95.13M | 116.31M |
| Current assets | 542.36M | 521M | 552.49M | 474.43M | 493M |
| Current liabilities | 441.9M | 428.33M | 460.04M | 396.69M | 438.26M |
| Accounts payable | 103.69M | 121.75M | 124.84M | 115.12M | 111.51M |
| Receivables | 333.78M | 349.71M | 341.41M | 335.72M | 336.4M |
| Goodwill | 522.71M | 522.71M | 522.71M | 522.71M | 522.71M |
| Long-term debt | 1.71B | 1.71B | 1.71B | 1.71B | 1.71B |
Cash Flow
| Line Item | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 |
|---|---|---|---|---|---|
| Operating cash flow | 45.74M | -22.73M | 52.71M | -13.22M | 27.62M |
| Investing cash flow | -5.52M | -7.94M | -3.85M | -3.89M | -11.24M |
| Financing cash flow | -4.91M | -3.93M | -3.66M | -4.62M | -5.33M |
| Change in cash | 35.03M | -34.36M | 45.05M | -21.37M | 11.41M |
| Net income | -40.2M | -36.41M | -23.76M | -20.36M | -61.19M |
| Kind | Filing | Date | Link |
|---|---|---|---|
| edgar index | 8-K — FORWARD AIR CORP | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| edgar index | SCHEDULE 13G/A — FORWARD AIR CORP | View Filing | |
| edgar index | 3 — FORWARD AIR CORP | View Filing | |
| edgar index | 3 — FORWARD AIR CORP | View Filing | |
| edgar index | 3 — FORWARD AIR CORP | View Filing | |
| edgar index | 3 — FORWARD AIR CORP | View Filing | |
| edgar index | 3 — FORWARD AIR CORP | View Filing | |
| edgar index | 3 — FORWARD AIR CORP | View Filing | |
| form 3 | Form 3 — Sons Lance | View Filing | |
| form 3 | Form 3 — Khambatta Karl | View Filing | |
| form 3 | Form 3 — Lindsay Justin | View Filing | |
| form 3 | Form 3 — Lindsay Justin | View Filing | |
| form 3 | Form 3 — Lindsay Justin | View Filing | |
| form 3 | Form 3 — Van Altena Jonathan | View Filing | |
| form 3 | Form 3 — Mendunekas Fabio de Moraes | View Filing | |
| form 3 | Form 3 — Zhu Yanqing | View Filing | |
| edgar index | S-8 — FORWARD AIR CORP | View Filing | |
| edgar index | 4 — FORWARD AIR CORP | View Filing | |
| edgar index | 4 — FORWARD AIR CORP | View Filing | |
| edgar index | 4 — FORWARD AIR CORP | View Filing | |
| form 4 | Form 4 — Gorjanc Christine Marie | View Filing | |
| form 4 | Form 4 — Boyles Dale W | View Filing | |
| form 4 | Form 4 — Svindland Paul C. | View Filing | |
| edgar index | 8-K — FORWARD AIR CORP | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| edgar index | SCHEDULE 13G/A — FORWARD AIR CORP | View Filing | |
| edgar index | 10-Q — FORWARD AIR CORP | View Filing | |
| edgar index | 8-K — FORWARD AIR CORP | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| edgar index | 4 — FORWARD AIR CORP | View Filing | |
| edgar index | DEF 14A — FORWARD AIR CORP | View Filing | |
| edgar index | DEFA14A — FORWARD AIR CORP | View Filing | |
| edgar index | ARS — FORWARD AIR CORP | View Filing | |
| edgar index | 8-K — FORWARD AIR CORP | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| form 4 | Form 4 — Stewart Shawn | View Filing | |
| edgar index | SCHEDULE 13G/A — FORWARD AIR CORP | View Filing | |
| edgar index | 4 — FORWARD AIR CORP | View Filing | |
| edgar index | 4 — FORWARD AIR CORP | View Filing | |
| edgar index | 4 — FORWARD AIR CORP | View Filing | |
| edgar index | 4 — FORWARD AIR CORP | View Filing | |
| form 4 | Form 4 — Stewart Shawn | View Filing | |
| form 4 | Form 4 — Pierson Jamie G. | View Filing | |
| form 4 | Form 4 — Hance Michael L | View Filing | |
| form 4 | Form 4 — Hance Michael L | View Filing | |
| form 4 | Form 4 — OSBORNE TIMOTHY R | View Filing | |
| form 4 | Form 4 — OSBORNE TIMOTHY R | View Filing | |
| edgar index | 10-K — FORWARD AIR CORP | View Filing | |
| ten k section | 10-K — business | View Filing | |
| ten k section | 10-K — mda | View Filing | |
| ten k section | 10-K — risk_factors | View Filing | |
| edgar index | 4 — FORWARD AIR CORP | View Filing | |
| edgar index | 4 — FORWARD AIR CORP | View Filing | |
| edgar index | 4 — FORWARD AIR CORP | View Filing | |
| edgar index | 4 — FORWARD AIR CORP | View Filing | |
| edgar index | 4 — FORWARD AIR CORP | View Filing | |
| edgar index | 4 — FORWARD AIR CORP | View Filing | |
| edgar index | 4 — FORWARD AIR CORP | View Filing | |
| edgar index | 4 — FORWARD AIR CORP | View Filing | |
| edgar index | 4 — FORWARD AIR CORP | View Filing | |
| edgar index | 8-K — FORWARD AIR CORP | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| form 4 | Form 4 — Faught James R. | View Filing | |
| form 4 | Form 4 — Faught James R. | View Filing | |
| form 4 | Form 4 — LORRAIN Jerome Jean-Pierre | View Filing | |
| form 4 | Form 4 — HERREN JESSICA L | View Filing | |
| form 4 | Form 4 — HERREN JESSICA L | View Filing | |
| form 4 | Form 4 — Smith Douglas James | View Filing | |
| form 4 | Form 4 — Smith Douglas James | View Filing | |
| form 4 | Form 4 — OSBORNE TIMOTHY R | View Filing | |
| form 4 | Form 4 — OSBORNE TIMOTHY R | View Filing | |
| form 4 | Form 4 — Brandt Eric Frederick | View Filing | |
| form 4 | Form 4 — Brandt Eric Frederick | View Filing | |
| form 4 | Form 4 — Hance Michael L | View Filing |
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