Forward Air Corporation
PosiFunda Ratios Only on PositoAI
PositoAI's own ratios from Forward Air Corporation's yearly results (2022–2025), compared with Industrials companies in United States. Tap ? on any ratio for what it means.
What stands out
- Tangible Net Worth Ratio: Goodwill and other intangibles are larger than its whole net worth, so its tangible net worth is negative. Less tangible than almost all Industrials companies in United States.
- Cash Cushion Ratio: Debt, after subtracting cash, is 3.9 times its market value (net debt). Lower than 96% of Industrials companies in United States.
- Growth Efficiency Ratio: Sales grew 49% in 3 years, but profit fell: $37 less profit per $100 of extra sales. Lower than 87% of Industrials companies in United States.
Where $100 of sales goes
Latest year (Dec 2025). Taxes and other income are not shown, so the parts need not add up to 100.
Cash quality
Profit Cash Ratio
—Loss-making or profit too small
Over the last 3 years profit was a loss or under 2% of sales, so cash per 100 of profit is not meaningful.
Self-Funding Ratio
1.6×Over the last 3 years its own operating cash covered its investment spending (capex) 1.6 times.
Lower than 62% of Industrials companies in United States.
Cash Locked Ratio
—Data incomplete
Growth quality
Steadiness Ratio
2/3 · 1/3Sales grew in 2 of the last 3 years; profit grew in 1 of 3.
Less steady than 60% of Industrials companies in United States.
Growth Efficiency Ratio
−$37Sales grew 49% in 3 years, but profit fell: $37 less profit per $100 of extra sales.
Lower than 87% of Industrials companies in United States.
Asset Productivity Ratio
+49% / +125%In 3 years sales changed by +49% while total assets changed by +125%. Assets grew faster than sales.
Balance-sheet strength
Debt Due Cover Ratio
0.4×Debt due within a year is covered 0.4 times by its yearly operating cash.
Lower than 69% of Industrials companies in United States.
Cash Cushion Ratio
3.9× debtDebt, after subtracting cash, is 3.9 times its market value (net debt).
Lower than 96% of Industrials companies in United States.
Tangible Assets Ratio
47%Of every $100 the company owns, $47 is in tangible assets such as plants, cash, stock and receivables; the rest is goodwill and other intangibles.
Less tangible than 85% of Industrials companies in United States.
Tangible Net Worth Ratio
NegativeGoodwill and other intangibles are larger than its whole net worth, so its tangible net worth is negative.
Less tangible than almost all Industrials companies in United States.
Shareholders
Standard fundamentals
P/E, P/B, ROE, debt, growth and more (12)
Forward Air Corporation made a loss over the last year. Forward Air Corporation owes $1.05 for every $1 it owns. Forward Air Corporation made a loss in each of the last two years.
Compared with Industrials companies in United States · latest annual results Dec 2025.
P/E ratio
LossForward Air Corporation made a loss over the last year, so its P/E ratio is not meaningful.
P/B ratio
-4.48Forward Air Corporation's book value is negative (it owes more than it owns), so P/B is not meaningful.
Market cap
$517 MThe total market value of all of Forward Air Corporation's shares at today's price (share price × number of shares), smaller than 68% of Industrials companies in United States. PosiCap size class: Mini Cap.
Net worth (book value)
NegativeForward Air Corporation's net worth is negative ($115 M below zero, balance sheet 30 Jun 2026): it owes more than it owns, so book value per share and P/B are not meaningful.
Return on equity (ROE)
-735.7%Forward Air Corporation lost 735.7% of its shareholders' money over the last year, lower than almost all Industrials companies in United States.
Owes vs Owns
1.05×Forward Air Corporation owes $1.05 for every $1 it owns, so it owes more than it owns, higher than 95% of Industrials companies in United States.
Dividend yield
NoneForward Air Corporation does not currently pay a dividend.
Revenue growth
+1%Revenue rose 1% in the year to Dec 2025, and grew 14% a year on average over 3 years.
Profit growth
LossForward Air Corporation made a loss in each of the last two years.
Profit margin
-4.3%Forward Air Corporation lost $4 for every $100 of revenue.
Interest cover
0.2×Forward Air Corporation's operating profit covered its interest costs 0.2 times in the year to Dec 2025.
Cash vs debt
Net debtForward Air Corporation had $2.1 B more debt than cash (net debt) at Dec 2025.
Questions
What is Forward Air Corporation's return on equity?
Forward Air Corporation lost 735.7% of its shareholders' money over the last year, lower than almost all Industrials companies in United States.
How much does Forward Air Corporation owe compared with what it owns?
Forward Air Corporation owes $1.05 for every $1 it owns, so it owes more than it owns, higher than 95% of Industrials companies in United States.
Does Forward Air Corporation pay a dividend?
No. Forward Air Corporation does not currently pay a dividend.
Is Forward Air Corporation's revenue growing?
Revenue rose 1% in the year to Dec 2025, and grew 14% a year on average over 3 years.
Figures from the company's yearly results and PositoAI's own data. Full tables are on the Go Deep tab. What each figure means. PositoAI is for research and education only and is not investment advice.