FWRD
NASDAQ
US
Forward Air Corporation - Common Stock
$17.41
▲ +$0.18
(+1.04%)
Vol 310K
5
Quality Score
fail
Rev ✗
NI ✗
>IPO ✗
Mkt Cap
$781.2M
ROE
-71.5%
Margin
-4.6%
D/E
1235.42
Beta
1.35
Div Yield
1.48%
52W
$10–$35
Wall Street Consensus
12 analysts · Apr 20264
Strong Buy
4
Buy
4
Hold
0
Sell
0
Strong Sell
66.7%
Buy Rating
Price Chart
Similar Stocks
Earnings
Beat rate: 25.0%| Quarter | EPS Est | EPS Act | Surprise |
|---|---|---|---|
| Dec 2025 | $-0.26 | $-0.79 | $-0.53 |
| Sep 2025 | $-0.17 | $-0.41 | $-0.24 |
| Jun 2025 | $-0.28 | $0.06 | +$0.34 |
| Mar 2025 | $-0.57 | $-1.12 | $-0.55 |
Quarterly Revenue & Earnings
| Quarter | 2024-0… | 2024-1… | 2025-0… | 2025-0… | 2025-0… | 2025-1… |
|---|---|---|---|---|---|---|
| Revenue | — | $632.8M | $613.3M | $618.8M | $631.8M | $631.2M |
| Net Income | — | -$36.4M | -$50.6M | -$12.6M | -$16.2M | -$28.3M |
Fundamentals Trend
| Metric | 2025-06-30 | 2025-09-02 | 2025-10-02 | 2025-11-03 | 2025-12-03 | 2026-01-02 |
|---|---|---|---|---|---|---|
| ROE (TTM) | -94.3% | -94.3% | -94.3% | -94.3% | -94.3% | -71.5% |
| P/E (TTM) | — | — | — | — | — | — |
| Net Margin | -2.0% | -6.9% | -6.9% | -6.9% | -6.9% | -4.6% |
| Gross Margin | 42.1% | 41.4% | 41.4% | 41.4% | 41.4% | 41.4% |
| D/E Ratio | 1138.08 | 1138.08 | 1138.08 | 1138.08 | 1138.08 | 1235.42 |
| Current Ratio | 1.20 | 1.20 | 1.20 | 1.20 | 1.20 | 1.20 |
Key Ratios
ROA (TTM)
-4.2%
P/S (TTM)
0.31
P/B
4.6
EPS (TTM)
$-3.86
CF/Share
$6.29
Rev Growth 3Y
+14.2%
52W High
$35.47
52W Low
$9.79
$9.79
52-Week Range
$35.47
Financial Health
Free Cash Flow
-$31.1M
Net Debt
$2.1B
Cash
$106.0M
Total Debt
$2.2B
As of Dec 31, 2025
How does FWRD compare to Logistics & Transportation peers?
Peer group: Small-cap Logistics & Transportation ($300M+) · 3 companies
FWRD valuation vs Logistics & Transportation peers
P/E ratio
—
▼
0%
below
peers
(28.2)
vs Peers
vs Industry
Overvalued
P/S ratio
0.3
▼
55%
below
peers
(0.7)
vs Peers
vs Industry
Undervalued
P/B ratio
4.6
▼
0%
below
peers
(4.6)
vs Peers
vs Industry
Fair value
Div yield
1.5%
▼
0%
below
peers
(1.5%)
vs Peers
vs Industry
In line
FWRD profitability vs Logistics & Transportation peers
ROE
-71.5%
▼
1237%
below
peers
(6.3%)
vs Peers
vs Industry
Weak
Net margin
-4.6%
▼
265%
below
peers
(2.8%)
vs Peers
vs Industry
Weak
Gross margin
41.4%
▲
148%
above
peers
(16.7%)
vs Peers
vs Industry
Top tier
ROA
-4.2%
▼
212%
below
peers
(3.7%)
vs Peers
vs Industry
Weak
FWRD financial health vs Logistics & Transportation peers
D/E ratio
1235.4
▲
1794%
above
peers
(65.2)
vs Peers
vs Industry
High debt
Current ratio
1.2
▼
18%
below
peers
(1.5)
vs Peers
vs Industry
Low liquidity
Beta
1.4
▲
16%
above
peers
(1.2)
vs Peers
vs Industry
More volatile
FWRD fundamentals radar
FWRD
Peer median
Industry
FWRD profitability vs leverage
Bubble size = market cap · X = net margin · Y = D/E ratio
FWRD vs peers: key metrics
Dividends
$0.96
/ year
Nov 21, 2023
$0.2400
Aug 16, 2023
$0.2400
May 24, 2023
$0.2400
Mar 01, 2023
$0.2400
Nov 22, 2022
$0.2400
Aug 17, 2022
$0.2400
May 25, 2022
$0.2400
Mar 02, 2022
$0.2400
Latest News
No related news yet