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Forward Air Corporation
Forward Air Corporation Score & Ratio Trend
| Date | Score | P/E | P/B | D/E | Price |
|---|---|---|---|---|---|
| Oct 2026 | -39,760 | -1.7 | -4.56 | 19.05 | 1,483.74 |
| Oct 2026 | -39,744 | -1.7 | -4.54 | 19.05 | 1,474.53 |
| Oct 2026 | -39,839 | -1.8 | -4.64 | 19.05 | 1,504.18 |
| Oct 2026 | -39,594 | -1.7 | -4.40 | 19.05 | 1,424.51 |
| Oct 2026 | -39,680 | -1.7 | -4.48 | 19.05 | 1,452.59 |
| Oct 2026 | -39,677 | -1.7 | -4.48 | 19.05 | 1,451.64 |
| Oct 2026 | -39,815 | -1.8 | -4.61 | 19.05 | 1,490.62 |
| Oct 2026 | -39,772 | -1.8 | -4.57 | 19.05 | 1,474.38 |
Forward Air Corporation Quarterly Results
| Line Item | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 |
|---|---|---|---|---|
| Revenue | 673,036,000.0 | 582,046,000.0 | 631,230,000.0 | 631,763,000.0 |
| Net Profit | -207,300,000.0 | -34,319,000.0 | -28,326,000.0 | -16,250,000.0 |
| EPS | -6.4 | -1.1 | -0.9 | -0.5 |
Forward Air Corporation Revenue & Profit: Last 5 Years
| Line Item | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
| Revenue | 2,495,118,000.0 | 2,474,262,000.0 | 1,370,735,000.0 | 1,679,634,000.0 | — |
| Net Profit | -107,796,000.0 | -816,969,000.0 | 167,351,000.0 | 193,191,000.0 | — |
| EPS | -3.5 | -29.7 | 6.4 | 7.2 | — |
Forward Air Corporation Balance Sheet
| Line Item | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
| Total Assets | 2,718,944,000.0 | 2,802,641,000.0 | 2,979,533,000.0 | 1,208,076,000.0 | — |
| Total Liabilities | 2,557,280,000.0 | 2,516,773,000.0 | 2,215,272,000.0 | 500,832,000.0 | — |
| Total Equity | 113,344,000.0 | 201,728,000.0 | 764,261,000.0 | 707,244,000.0 | — |
Owes vs Owns
Forward Air Corporation owed $1.05 for every $1 it owned in Jun 2026, up from $0.41 in Dec 2022.
| Period | Jun 2026 | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 |
|---|---|---|---|---|---|
| Owes vs Owns | 1.05× | 0.94× | 0.90× | 0.74× | 0.41× |
Everything the company owes ÷ everything it owns. Below 1× it owns more than it owes; above 1× it owes more than it owns.
Forward Air Corporation Assets & Liabilities Breakdown (USD millions)
What it owns — Dec 2025
Cash & short-term investments 3.9%Receivables 12.9%Fixed assets (tangible) 26.1%Intangible assets 52.6%Other assets 4.5%
How it's funded — Dec 2025
Short-term debt 4.5%Long-term debt 62.1%Payables 4.5%Other liabilities 23.0%Shareholders' equity 5.9%
| Line Item | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 |
|---|---|---|---|---|
| Assets | ||||
| Cash & short-term investments | 106.0 | 104.9 | 122.0 | 45.8 |
| Receivables | 349.7 | 322.5 | 158.7 | 188.2 |
| Inventory | 0.0 | 0.0 | 0.0 | 0.0 |
| Fixed assets (tangible) | 710.4 | 736.3 | 369.6 | 377.4 |
| Intangible assets | 1,429.5 | 1,521.9 | 413.5 | 373.6 |
| Long-term investments | 0.0 | 0.0 | 0.0 | 0.0 |
| Other assets | 123.3 | 117.0 | 1,915.7 | 223.0 |
| Liabilities & equity | ||||
| Short-term debt | 123.0 | 113.4 | 12.6 | 9.3 |
| Long-term debt | 1,687.2 | 1,675.9 | 1,790.5 | 106.6 |
| Payables | 121.8 | 105.7 | 45.4 | 50.1 |
| Other liabilities | 625.3 | 621.8 | 366.7 | 334.8 |
| Shareholders' equity | 161.7 | 285.9 | 764.3 | 707.2 |
| Net tangible assets | -1,316.2 | -1,320.2 | 350.8 | 333.7 |
Forward Air Corporation Cash Flow
| Line Item | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
| Operating Activities | 44,384,000.0 | -75,402,000.0 | 181,388,000.0 | 259,090,000.0 | — |
| Investing Activities | -26,912,000.0 | -1,608,586,000.0 | 174,838,000.0 | -104,462,000.0 | — |
| Financing Activities | -17,533,000.0 | -163,832,000.0 | 1,550,025,000.0 | -146,122,000.0 | — |