GeminIQ

FWRD

FORWARD AIR CORP
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Company Information

Company Name
FORWARD AIR CORP
CIK
CIK0000912728
Category
Accelerated filer
Ticker: Exchange
FWRD: Nasdaq
Fiscal Year End
December 31
Owner Organization
01 Energy & Transportation
SIC
4731
SIC Description
Arrangement of Transportation of Freight & Cargo
Ticker
FWRD

SEC filing data through

Insider Sentiment

Last purchase
2025-10-20
Last sale
2025-11-12
Shares purchased (TTM)
225,000
Shares sold (TTM)
40,000
Buy ratio (TTM)84.9%

Institutional Sentiment

As of
2026-06-30
Institutional shares owned
29,708,243
Shares outstanding
32,481,000
Ownership
91.46%
-14.84% Y/Y

Earnings Market Reaction

Filing date
2026-08-05
Price on filing date
—
1-month reaction
10.25%
3-month reaction
Pending
Drift continued4/11 (36%)
Faded / reversed7/11 (64%)
Export data

Balance Sheet

Values in millions ($)
Line item2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-302024-06-302024-03-312023-12-312023-09-30Subscriber-only columnSubscriber-only columnSubscriber-only columnSubscriber-only columnSubscriber-only columnTrend
Cash And Cash Equivalents At Carrying Value139141106140951161051378515212219
Restricted Cash Equivalents Current------0---40-
Restricted Cash And Cash Equivalents At Carrying Value--0000022020-0
Accounts Receivable Net Current369331344341336336322361369352153192
Other Receivables Net Current636---02125-
Prepaid Expense And Other Assets Current2629283133292931394026-
Assets Of Disposal Group Including Discontinued Operation Current----------0-
Other Assets Current4238374010111613444127
Property Plant And Equipment Net-----------258
Restricted Cash Equivalents Noncurrent--0---00001,791-
Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization275287298310321331326325329328258-
Operating Lease Right Of Use Asset361403413412420409410355324334112135
Goodwill2795235235235235235237165451,379279357
Intangible Assets Net Excluding Goodwill8618849079309539769991,0331,2311,264135147
Other Assets Noncurrent525758687072728180845956
Disposal Group Including Discontinued Operation Assets Noncurrent----------0-
Assets2,4112,6962,7192,7942,7612,8042,8033,0563,0673,9592,9801,191
Accounts Payable Current1191041221251151121061571431314546
Accrued Liabilities Current1191331141471161441201361171196357
Other Liabilities Current827769704868455053737222
Liabilities Current
Liabilities Current442442428460397438384449420445237190
Long Term Debt And Capital Lease Obligations Current---171717171717281315
Finance Lease Liability Current151516---17-----
Operating Lease Liability Current10711310710110198969089944452
Assets Current
Assets Current583542521552475493473545559569347238
Liabilities Of Disposal Group Including Discontinued Operation Current----------0-
Long Term Debt Noncurrent1,6931,6901,6871,6841,6811,6791,6761,6731,6771,6640119
Finance Lease Liability Noncurrent171922262934313335342723
Operating Lease Liability Noncurrent2773133273283343253262762432477288
Deferred Income Tax Liabilities Net242527373335382102711784253
Liabilities Noncurrent
Liabilities Noncurrent------2,133---1,978-
Other Liabilities Noncurrent535654485052494243464751
Liabilities2,534-----------
Preferred Stock Value000000000000
Common Stock Value000000000000
Stockholders Equity
Stockholders Equity-11581113140152155286226284926764666
Liabilities Of Disposal Group Including Discontinued Operation Noncurrent----------0-
Additional Paid In Capital576565560556552547542528513509284281
Retained Earnings Accumulated Deficit-690-483-447-419-402-390-338-302-228417480385
Accumulated Other Comprehensive Income Loss Net Of Tax-1-1122-2-3-1-1-00-
Minority Interest-7414856647284110804060-
Liabilities And Stockholders Equity2,4112,6962,7192,7942,7612,8042,8033,0563,0673,9592,9801,191
Preferred Class C---------00--
Preferred Class B000-0000-0000-
Assets
Allowance For Doubtful Accounts Receivable Current554333333423
Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization353349340317305303293282279264250243
Finite Lived Intangible Assets Accumulated Amortization346324301282259236213190179145127137
Liabilities And Stockholders Equity
Preferred Stock Par Or Stated Value Per Share0.010.010.010.010.010.010.01---0.010.01
Preferred Stock Shares Authorized5555555---55
Preferred Stock Shares Issued0000000---00
Preferred Stock Shares Outstanding0000000---00
Common Stock Par Or Stated Value Per Share0.010.010.010.010.010.010.010.010.010.010.010.01
Common Stock Shares Authorized505050515151505050505150
Common Stock Shares Issued343231313130302928262626
Shares Outstanding343231313130302928262626

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FORWARD AIR CORP (FWRD) — SEC Financial Statements & Analysis

FORWARD AIR CORP (FWRD) is a arrangement of transportation of freight & cargo company, incorporated in DE. FORWARD AIR CORP trades on Nasdaq as: FWRD. FORWARD AIR CORP (FWRD)'s most recent SEC filing is a Form 10-Q for the period ended 2026-06-30, filed with the SEC on 2026-08-05. Based on that filing, FORWARD AIR CORP carries a market cap of $438.82M, a P/E ratio of -1.25x, a P/B ratio of -3.58x, a P/S ratio of 0.17x, an enterprise value of $2.01B, and an EV/EBITDA multiple of -148.97x. On profitability, it posts a gross margin of 80.39%, an operating margin of -6.70%, a net margin of -13.94%, a Return on Equity (ROE) of -750.14%, a Return on Assets (ROA) of -13.57%, and a Return on Invested Capital (ROIC) of -9.83%. Per share, it reports EPS of $-10.81, diluted EPS of $-10.81, free cash flow per share of $1.48, and a dividend per share of $0.00. Over the trailing year, it posted revenue growth of -0.11% year-over-year, net income growth of 94.10% year-over-year, and EPS growth of 81.83% year-over-year. On the balance sheet, it maintains a current ratio of 1.32x, a quick ratio of 1.26x, working capital of $141.54M, a debt-to-equity ratio of -20.65x, a debt ratio of 1.05, an interest coverage ratio of -0.95x, free cash flow of $48.22M (TTM), and net debt of $1.57B. Figures sourced from SEC EDGAR.

Market Cap
$438.82M
P/E TTM
-1.25x
EPS TTM
$-10.81
P/B TTM
-3.58x
ROE TTM
-750.14%
ROA TTM
-13.57%
Debt To Equity
-20.65x
Free Cash Flow TTM
$48.22M
Net Revenue TTM Growth 1Y
-0.11%

Data as of 2026-06-30 · Source: SEC EDGAR

Frequently Asked Questions

What industry is FORWARD AIR CORP in?

FORWARD AIR CORP (FWRD) operates in the Arrangement of Transportation of Freight & Cargo industry.

What exchange does FWRD trade on?

FORWARD AIR CORP (FWRD) trades on the Nasdaq.

Where is FORWARD AIR CORP incorporated?

FORWARD AIR CORP is incorporated in DE.

When was FORWARD AIR CORP (FWRD)'s most recent SEC filing?

FORWARD AIR CORP (FWRD)'s most recent SEC filing is a Form 10-Q for the period ended 2026-06-30, filed with the SEC on 2026-08-05.

What is FWRD's market cap?

FORWARD AIR CORP (FWRD) has a market capitalization of $438.82M as of 2026-06-30.

What is FWRD's EPS (earnings per share)?

FORWARD AIR CORP (FWRD)'s trailing twelve month EPS is $-10.81 as of 2026-06-30.

What is FWRD's ROE (return on equity)?

FORWARD AIR CORP (FWRD)'s trailing twelve month Return on Equity (ROE) is -750.14% as of 2026-06-30.

What is FWRD's ROA (return on assets)?

FORWARD AIR CORP (FWRD)'s trailing twelve month Return on Assets (ROA) is -13.57% as of 2026-06-30.

What is FWRD's ROIC (return on invested capital)?

FORWARD AIR CORP (FWRD)'s trailing twelve month Return on Invested Capital (ROIC) is -9.83% as of 2026-06-30.

What is FWRD's EV/EBITDA?

FORWARD AIR CORP (FWRD)'s trailing twelve month EV/EBITDA is -148.97x as of 2026-06-30.

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