FWRD — FORWARD AIR CORP

Nasdaq · Industrials · Air Freight & Logistics · CIK 912728 ·
Last close
$19.49
Market Cap
$658.39M
52W High
$19.99
52W Low
$7.86
ADV30
747,453
Next earnings
2026-11-04
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.

Quarterly Fundamentals

Revenues vs Net Income (last 4 Q)

Assets vs Liabilities (last 4 Q)

PeriodRevenuesGrossProfit OpIncomeNetIncomeAssets CashLiabilities
Jun 2026 673,036,000 111,946,000 42,694,000 -207,300,000 2,410,845,000 139,448,000 2,533,511,000
Mar 2026 582,046,000 89,532,000 20,441,000 -34,319,000 2,695,879,000 141,022,000 2,573,603,000
Dec 2025 631,230,000 95,873,000 -2,868,000 -28,326,000 2,718,944,000 105,996,000 2,557,280,000
Sep 2025 631,763,000 88,537,000 15,007,000 -16,250,000 2,794,198,000 140,354,000 2,598,356,000

Cashflow TTM (yfinance, fills SEC gap)

Operating CF
$62,507,000
Investing CF
$-21,191,000
Financing CF
$-17,118,000
CapEx
$-24,156,000
Dividends Paid
$0
Buybacks
$0
EPS Diluted TTM
$-2.93
As of
2026-08-09

Balance + Analyst (yfinance extras)

Retained Earnings
$-482,911,000
Inventory
Receivables
$333,776,000
ST Investments
EBIT TTM
$34,787,000
Pretax Income TTM
$-144,000,000
Interest Exp TTM
$178,787,000
Analysts
2

Yahoo Snapshot (yfinance, live)

Total Revenue
$2,518,074,880
EBITDA
$281,767,008
Free Cash Flow
$86,966,248
Enterprise Value
$2,621,686,016
Total Cash
$139,448,000
Total Debt
$2,109,981,056
Shares Out
33,780,862
Trailing EPS
$-8.91
Book Value
$-3.42
ROE
-735.7%
ROA
3.1%
Div Yield

Annual Trend (SEC EDGAR, last 4y)

Revenues vs Net Income (last 4y)

FY endRevenuesOpIncome NetIncomeAssetsLiabilities EquityOCF
Dec 2025 2,495,118,000 36,424,000 -107,796,000 2,718,944,000 2,557,280,000 44,384,000
Dec 2024 2,474,262,000 -34,539,000 -816,969,000 2,802,641,000 2,516,773,000 -75,402,000
Dec 2023 1,370,735,000 88,210,000 167,351,000 2,979,533,000 2,215,272,000 181,388,000
Dec 2022 1,679,634,000 247,591,000 193,191,000 1,208,076,000 500,832,000 259,090,000

TTM Snapshot

Revenues TTM
$1,275,344,000
NetIncome TTM
$79,499,000
OpCashFlow TTM
$0
Assets (Latest)
$1,047,393,000
Forward EPS
$0.43

Max Pain — expiry 2026-09-18

max pain strike: $17.50 · spot: $20.20 · call oi: 5,116 · put oi: 697
Expected Move to 2026-09-18: ±$11.23 (55.57%) — implied range $8.98$31.43 · ATM straddle on $20.00 strike

Peers — same industry

TickerNameMarket CapLastDaily %
GMRS GMR Solutions Inc. $694.59M $12.86
VRRM VERRA MOBILITY Corp $713.96M $4.70
SPCE Virgin Galactic Holdings, Inc $499.54M $3.30
RLGT RADIANT LOGISTICS, INC $400.41M $8.55
LIND LINDBLAD EXPEDITIONS HOLDINGS, INC. $2.25B $34.22

News headlines (Yahoo Finance, 1h cache)

Forward Air Corp (FWRD) (Q2 2026) Earnings Call Highlights: Record Revenue and Strategic Wins ...
2026-08-06 05:06 · Yahoo
Forward Air Q2 Earnings Call Highlights
2026-08-06 02:04 · Yahoo
Forward Air takes step in right direction in Q2
2026-08-05 22:34 · Yahoo
Forward Air sells 2 business units, posts $201M operating loss
2026-08-05 18:59 · Yahoo
Forward Air deal retains at least half of $250M major client account
2026-07-22 10:41 · Yahoo
Forward Air (FWRD) Surges 22.8%: Is This an Indication of Further Gains?
2026-07-22 08:14 · Yahoo
Forward Air secures deal to keep at least 50% of $250M account
2026-07-21 13:51 · Yahoo
Forward Air Corporation Provides Customer Update
2026-07-21 11:30 · Yahoo
Forward Air Corporation Announces Timing of Second Quarter 2026 Earnings Release and Conference Call
2026-07-15 20:05 · Yahoo
Forward Air Corporation Reports Second Quarter 2026 Results
2026-08-05 20:01 · Yahoo

Recent Insider Activity

No insider activity indexed for this ticker.