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Forward Air Corporation (FWRD)

21.33 +0.27 (+1.28%)
At close: May 1 at 4:00:01 PM EDT
21.06 -0.27 (-1.27%)
After hours: May 1 at 4:20:56 PM EDT
Trade FWRD on Coinbase
Chart Range Bar
Loading chart for FWRD
  • Previous Close 21.06
  • Open 21.34
  • Bid 15.34 x 200
  • Ask 27.34 x 200
  • Day's Range 21.19 - 21.97
  • 52 Week Range 14.82 - 32.47
  • Volume 362,389
  • Avg. Volume 700,465
  • Market Cap (intraday) 692.131M
  • Beta (5Y Monthly) 1.47
  • PE Ratio (TTM) --
  • EPS (TTM) -3.51
  • Earnings Date May 7, 2026
  • Forward Dividend & Yield --
  • Ex-Dividend Date Nov 21, 2023
  • 1y Target Est 35.00

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.

www.forwardair.com

6,062

Full Time Employees

December 31

Fiscal Year Ends

Industrials

Sector

Performance Overview: FWRD

Trailing total returns as of 5/1/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC) .

YTD Return

FWRD
14.68%
S&P 500 (^GSPC)
5.62%

1-Year Return

FWRD
27.04%
S&P 500 (^GSPC)
29.01%

3-Year Return

FWRD
79.81%
S&P 500 (^GSPC)
73.47%

5-Year Return

FWRD
75.15%
S&P 500 (^GSPC)
72.92%

Earnings Trends: FWRD

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Earnings Per Share

GAAP
Normalized
GAAP
Normalized

Revenue vs. Earnings

Annual
Quarterly
Annual
Quarterly
Q4 FY25
Revenue 631.23M
Earnings -7.42M

Q1

FY25

Q2

FY25

Q3

FY25

Q4

FY25

0
200M
400M
600M

Analyst Insights: FWRD

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Analyst Price Targets

30.00
35.00 Average
21.33 Current
42.00 High

Analyst Recommendations

  • Strong Buy
  • Buy
  • Hold
  • Underperform
  • Sell

Latest Rating

Date 4/16/2026
Analyst Stifel
Rating Action Maintains
Rating Buy
Price Action Lowers
Price Target 31 -> 30

Statistics: FWRD

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Valuation Measures

Annual
As of 5/1/2026
  • Market Cap

    692.46M

  • Enterprise Value

    2.75B

  • Trailing P/E

    --

  • Forward P/E

    --

  • PEG Ratio (5yr expected)

    --

  • Price/Sales (ttm)

    0.26

  • Price/Book (mrq)

    6.11

  • Enterprise Value/Revenue

    1.10

  • Enterprise Value/EBITDA

    14.75

Financial Highlights

Profitability and Income Statement

  • Profit Margin

    -4.32%

  • Return on Assets (ttm)

    1.99%

  • Return on Equity (ttm)

    -63.34%

  • Revenue (ttm)

    2.5B

  • Net Income Avi to Common (ttm)

    -107.8M

  • Diluted EPS (ttm)

    -3.51

Balance Sheet and Cash Flow

  • Total Cash (mrq)

    106M

  • Total Debt/Equity (mrq)

    1,335.90%

  • Levered Free Cash Flow (ttm)

    66.08M

Compare To: FWRD

Select to analyze similar companies using key performance metrics; select up to 4 stocks.

Company Insights: FWRD

Fair Value

21.33 Current

Dividend Score

0 Low
Sector Avg.
100 High

Hiring Score

0 Low
Sector Avg.
100 High

Insider Sentiment Score

0 Low
Sector Avg.
100 High

Research Reports: FWRD

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  • Rating increased to a HOLD

    FORWARD AIR CORP has an Investment Rating of HOLD; a target price of $21.000000; an Industry Subrating of High; a Management Subrating of Low; a Safety Subrating of Low; a Financial Strength Subrating of Low; a Growth Subrating of Medium; and a Value Subrating of Medium.

    Rating
    Price Target
  • Raising target price to $18.00

    FORWARD AIR CORP has an Investment Rating of SELL; a target price of $18.000000; an Industry Subrating of High; a Management Subrating of Low; a Safety Subrating of Low; a Financial Strength Subrating of Low; a Growth Subrating of Low; and a Value Subrating of Medium.

    Rating
    Price Target
  • Raising target price to $15.00

    FORWARD AIR CORP has an Investment Rating of SELL; a target price of $15.000000; an Industry Subrating of High; a Management Subrating of Low; a Safety Subrating of Low; a Financial Strength Subrating of Low; a Growth Subrating of Low; and a Value Subrating of Low.

    Rating
    Price Target
  • Raising target price to $14.00

    FORWARD AIR CORP has an Investment Rating of SELL; a target price of $14.000000; an Industry Subrating of High; a Management Subrating of Low; a Safety Subrating of Low; a Financial Strength Subrating of Low; a Growth Subrating of Low; and a Value Subrating of Low.

    Rating
    Price Target

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