YOLFTbeta
Forward Air Corporation

Forward Air Corporation

FWRD · NASDAQ · Industrials / Integrated Freight & Logistics

17.39USD+0.23 (+1.34%)

Price History

Full chart

Market Stats

Previous Close17.16
Open17.17
Day Range17.06 – 17.61
52-Week Range7.86 – 31.18
Volume439.20K
Market Cap496.24M
P/E (TTM)0.00
Forward P/E19.92
EPS-8.91
Dividend Yield0.00%
Beta1.39
50-Day Avg16.46
200-Day Avg18.97

About

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.

Company Details

  • SectorIndustrials
  • IndustryIntegrated Freight & Logistics
  • CEOMr. Shawn Stewart
  • Employees6.06K
  • Headquarters3200 Olympus Boulevard, Dallas, TX, United States, 75019, USA
  • Websitehttps://www.forwardair.com

Leadership

  • Mr. Shawn StewartPresident, CEO & Director · b. 1974
  • Mr. Jamie G. PiersonChief Financial Officer · b. 1970
  • Mr. Michael L. Hance J.D.Chief Legal Officer & Secretary · b. 1972
  • Mr. James R. FaughtChief Accounting Officer · b. 1981
  • Mr. Lance SonsChief Information Officer
  • Mr. Anthony CarrenoSenior Vice President of Treasury & Investor Relations
  • Mr. Douglas J. SmithChief People Officer · b. 1970
  • Mr. Fábio MendunekasPresident of Latin America (LATAM)
  • Mr. Karl KhambattaChief Transformation Officer
  • Ms. Joanna ZhuPresident of Asia-Pacific

Financials

Income Statement

Currency: USD1993-12-311994-12-311995-12-311996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue95.30M135.00M148.10M157.10M190.40M130.44M170.84M214.91M227.50M226.07M241.52M282.20M320.93M352.76M392.74M474.44M417.41M483.94M536.40M584.45M652.48M780.96M959.13M982.53M1.10B1.32B1.22B1.27B1.39B1.68B1.37B2.47B2.50B
Growth (%)-+41.66%+9.70%+6.08%+21.20%-31.49%+30.98%+25.79%+5.86%-0.63%+6.83%+16.84%+13.73%+9.92%+11.33%+20.80%-12.02%+15.94%+10.84%+8.96%+11.64%+19.69%+22.81%+2.44%+12.04%+19.99%-8.00%+4.48%+9.27%+21.08%-18.39%+80.51%+0.84%
Cost of Revenue41.50M59.50M62.40M93.88M108.44M78.89M101.08M124.57M136.49M135.51M139.81M159.05M176.46M193.98M222.06M180.99M144.73M175.16M268.96M446.77M504.82M601.96M768.71M767.29M864.30M1.05B961.39M1.04B1.07B1.19B1.04B2.13B1.98B
Gross Profit53.80M75.50M85.70M63.22M81.96M51.55M69.77M90.34M91.01M90.57M101.71M123.14M144.47M158.78M170.68M293.45M272.68M308.78M267.44M137.67M147.66M179.00M190.42M215.24M236.51M266.04M253.80M229.11M313.95M491.67M330.15M339.65M510.94M
Gross Margin56.45%55.93%57.87%40.24%43.05%39.52%40.84%42.04%40.00%40.06%42.11%43.64%45.02%45.01%43.46%61.85%65.33%63.81%49.86%23.56%22.63%22.92%19.85%21.91%21.49%20.14%20.89%18.05%22.63%29.27%24.09%13.73%20.48%
Operating Expense49.50M45.60M52.40M53.88M65.16M35.54M43.32M53.04M59.35M57.83M61.53M69.55M77.03M83.38M99.63M223.16M253.90M255.04M190.33M54.14M63.30M82.60M108.65M155.26M127.84M144.01M141.38M155.19M166.93M244.07M241.94M1.40B474.51M
Operating Income4.30M29.90M33.30M9.34M16.80M16.01M26.44M37.30M31.66M32.74M40.18M53.60M67.44M75.40M71.05M70.28M18.79M53.74M77.11M83.53M84.36M96.41M81.77M59.98M108.67M122.03M112.42M73.92M147.03M247.59M88.21M-1.06B36.42M
Operating Margin4.51%22.15%22.48%5.95%8.83%12.27%15.48%17.36%13.92%14.48%16.64%18.99%21.01%21.37%18.09%14.81%4.50%11.10%14.38%14.29%12.93%12.34%8.53%6.10%9.87%9.24%9.25%5.82%10.60%14.74%6.44%-42.96%1.46%
EBITDA7.40M36.30M42.00M-7.11M-4.71M-56.13M-71.64M-85.13M40.07M143.00K47.45M-93.26M-105.28M84.33M83.63M87.26M38.34M74.28M98.18M104.57M108.03M127.83M118.87M98.19M149.80M164.21M148.81M111.05M181.99M290.14M145.62M-916.64M186.19M
EBITDA Margin7.76%26.89%28.36%-4.53%-2.47%-43.03%-41.94%-39.61%17.61%0.06%19.64%-33.05%-32.80%23.91%21.29%18.39%9.19%15.35%18.30%17.89%16.56%16.37%12.39%9.99%13.61%12.43%12.25%8.75%13.12%17.27%10.62%-37.05%7.46%
Net Income2.20M4.00M4.50M3.98M8.59M10.15M16.04M23.45M19.88M21.62M25.82M34.42M44.91M48.92M44.92M42.54M9.95M32.04M47.20M52.67M54.47M61.17M55.58M27.67M87.32M92.05M87.10M23.73M105.86M193.19M167.35M-816.97M-107.80M
Net Income Margin2.31%2.96%3.04%2.53%4.51%7.78%9.39%10.91%8.74%9.56%10.69%12.20%13.99%13.87%11.44%8.97%2.38%6.62%8.80%9.01%8.35%7.83%5.79%2.82%7.93%6.97%7.17%1.87%7.63%11.50%12.21%-33.02%-4.32%
R&D-----------------001.10M1.23M1.46M1.53M1.66M1.82M1.78M1.71M2.05M2.39M2.56M---
R&D as % of Total Revenue-----------------0.00%0.00%0.19%0.19%0.19%0.16%0.17%0.16%0.13%0.14%0.16%0.17%0.15%---
Interest Expense00000000100342.00K71.00K55.00K081.00K491.00K1.24M670.00K730.00K619.00K391.00K532.00K610.00K2.05M1.60M1.21M1.78M2.71M4.56M4.34M5.14M31.57M189.22M180.75M
Interest Expense % of Total Revenue0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.15%0.03%0.02%0.00%0.02%0.13%0.26%0.16%0.15%0.12%0.07%0.08%0.08%0.21%0.16%0.11%0.13%0.22%0.36%0.31%0.31%2.30%7.65%7.24%

Balance Sheet

Currency: USD1993-12-311994-12-311995-12-311996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets49.00M78.00M98.30M99.07M118.33M56.81M79.62M115.97M136.96M145.51M175.09M214.55M212.60M213.01M241.88M307.53M316.64M348.80M341.15M399.19M506.27M541.80M700.17M641.29M687.72M760.22M990.88M1.05B1.12B1.21B2.98B2.80B2.74B
Total Liabilities21.70M46.20M61.70M57.81M67.87M37.74M24.66M32.52M30.37M27.16M27.38M33.55M33.78M27.79M70.15M91.09M91.99M92.71M54.25M47.52M70.40M78.24M190.12M142.22M154.23M206.97M413.70M500.06M524.17M500.83M2.22B2.52B2.58B
Total Equity27.30M31.80M36.60M41.26M50.46M19.07M54.95M83.45M106.58M118.35M147.71M181.00M178.82M185.23M171.73M216.43M224.65M256.09M286.90M351.67M435.87M463.56M510.06M499.07M533.49M553.24M577.18M547.33M593.65M707.24M764.26M201.73M113.34M
Cash4.20M1.00M3.80M28.00K686.00K455.00K5.99M15.59M19.36M33.64M83.54M78.00K332.00K8.23M4.91M22.09M42.03M74.50M58.80M112.18M127.37M41.43M33.31M8.51M3.89M25.66M64.75M40.25M37.32M45.82M121.97M104.90M106.00M
Total Debt13.40M34.20M45.10M36.59M37.45M25.33M6.03M8.21M5.37M1.41M936.00K906.00K2.38M836.00K32.32M54.64M53.07M51.52M885.00K334.00K72.00K2.83M84.74M28.74M41.31M47.70M179.23M243.24M320.07M266.78M1.95B2.15B2.16B
Net Debt9.20M33.20M41.30M36.56M36.76M24.88M36.00K-7.38M-14.00M-32.24M-82.60M828.00K2.05M-7.39M27.41M32.54M11.03M-22.98M-57.92M-111.85M-127.30M-38.60M51.43M20.23M37.42M22.04M114.48M202.98M282.75M220.96M1.82B2.04B2.05B

Cash Flow

Currency: USD1993-12-311994-12-311995-12-311996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow1.70M9.20M15.80M12.52M22.56M1.90M20.10M33.83M35.53M29.95M32.74M37.41M51.23M52.47M62.39M59.08M50.18M53.99M76.96M68.59M90.84M91.66M85.72M130.35M103.36M152.55M161.48M84.11M120.26M259.09M181.39M-75.40M44.38M
Investing Cash Flow-23.90M-31.80M-21.50M-6.04M-19.04M-16.98M-13.36M-26.85M-31.01M-443.00K14.72M-51.45M3.10M794.00K-34.07M-56.19M-20.20M-13.89M-19.67M-20.70M-78.92M-127.71M-100.92M-52.39M-59.19M-55.46M-63.91M-81.51M-88.31M-104.46M174.84M-1.61B-26.91M
Financing Cash Flow26.40M19.30M8.60M-10.29M-2.87M14.64M-1.21M2.62M-743.00K-15.23M2.44M-2.25M-54.08M-45.36M-31.64M14.29M-10.03M-7.64M-72.99M5.50M3.27M-49.89M7.08M-102.76M-48.79M-75.33M-56.01M-25.90M-34.89M-146.12M1.55B-163.83M-17.53M
Capital Expenditure21.40M36.50M24.70M8.76M19.07M11.76M7.41M16.55M4.84M3.91M2.87M11.20M22.08M15.45M47.03M26.70M20.85M15.15M21.22M21.35M35.44M39.49M40.49M42.19M38.27M42.29M30.67M20.27M39.11M40.73M30.73M37.06M29.12M
Free Cash Flow-19.70M-27.30M-8.90M3.76M3.49M-9.87M12.69M17.29M30.68M26.04M29.87M26.21M29.16M37.01M15.37M32.38M29.33M38.85M55.74M47.23M55.40M52.17M45.23M88.16M65.10M110.26M130.81M63.84M81.15M218.36M150.66M-112.46M15.27M
Dividends Paid3.00M--2.73M----743.00K2.83M2.44M7.07M7.67M8.69M8.30M8.09M8.11M8.12M8.19M9.95M12.14M14.79M14.82M15.53M18.05M18.43M20.49M20.87M22.98M25.86M25.00M00
FCF to OCF-1158.82%-296.74%-56.33%30.02%15.47%-520.14%63.13%51.09%86.36%86.94%91.22%70.07%56.91%70.55%24.63%54.81%58.45%71.95%72.43%68.87%60.99%56.92%52.76%67.64%62.98%72.28%81.01%75.90%67.48%84.28%83.06%149.15%34.40%
Dividend Paid to FCF-15.23%--72.73%----2.42%10.87%8.16%26.98%26.30%23.49%54.04%24.98%27.65%20.91%14.70%21.06%21.92%28.36%32.77%17.61%27.73%16.71%15.67%32.69%28.31%11.85%16.59%0.00%0.00%

Earnings

Report DateApr 24, 1996Jul 24, 1996Oct 23, 1996Feb 10, 1997Apr 22, 1997Jul 22, 1997Oct 21, 1997Feb 10, 1998Apr 21, 1998Jul 21, 1998Oct 21, 1998Feb 8, 1999Apr 15, 1999Jul 19, 1999Oct 15, 1999Feb 8, 2000Apr 18, 2000Jul 19, 2000Oct 18, 2000Feb 13, 2001Apr 18, 2001Jul 17, 2001Oct 17, 2001Feb 11, 2002Apr 17, 2002Jul 17, 2002Oct 30, 2002Feb 12, 2003Apr 23, 2003Jul 24, 2003Oct 27, 2003Feb 9, 2004Apr 27, 2004Jul 27, 2004Oct 26, 2004Feb 15, 2005Apr 26, 2005Jul 26, 2005Oct 25, 2005Feb 13, 2006Apr 24, 2006Jul 24, 2006Oct 23, 2006Feb 12, 2007Apr 23, 2007Jul 23, 2007Oct 22, 2007Feb 11, 2008Apr 21, 2008Jul 21, 2008Oct 20, 2008Feb 9, 2009Apr 20, 2009Jul 20, 2009Oct 21, 2009Feb 8, 2010Apr 21, 2010Jul 22, 2010Oct 20, 2010Feb 14, 2011Apr 20, 2011Jul 20, 2011Oct 19, 2011Feb 7, 2012Apr 19, 2012Jul 19, 2012Oct 18, 2012Feb 11, 2013Apr 18, 2013Jul 18, 2013Oct 21, 2013Feb 10, 2014Apr 21, 2014Jul 22, 2014Oct 23, 2014Feb 10, 2015Apr 21, 2015Jul 21, 2015Oct 21, 2015Feb 9, 2016Apr 21, 2016Jul 21, 2016Oct 20, 2016Feb 8, 2017Apr 26, 2017Jul 26, 2017Oct 25, 2017Feb 7, 2018Apr 25, 2018Jul 25, 2018Oct 24, 2018Feb 7, 2019Apr 24, 2019Jul 25, 2019Oct 24, 2019Feb 6, 2020Apr 30, 2020Jul 30, 2020Oct 29, 2020Feb 11, 2021Apr 29, 2021Jul 29, 2021Oct 27, 2021Feb 9, 2022Apr 27, 2022Jul 27, 2022Oct 26, 2022Feb 8, 2023May 1, 2023Aug 2, 2023Oct 30, 2023Feb 28, 2024May 8, 2024Aug 7, 2024Nov 4, 2024Feb 26, 2025May 7, 2025Aug 11, 2025Nov 5, 2025Feb 23, 2026May 7, 2026Aug 5, 2026Nov 4, 2026
EPS Estimate0.020.050.040.050.020.060.070.080.040.090.080.080.090.110.120.140.050.150.180.210.180.150.150.150.140.170.140.160.160.180.190.200.200.230.260.300.270.330.370.420.340.410.440.430.360.400.360.380.350.410.420.290.050.090.120.180.120.230.310.370.230.370.400.500.340.460.400.500.390.530.460.560.370.560.590.590.400.610.590.640.430.580.510.550.410.580.580.620.570.760.800.820.620.790.780.920.390.310.400.730.571.011.081.291.271.831.901.941.301.321.120.98-0.11-0.18-0.23-0.12-0.48-0.26-0.13-0.06-0.37-0.170.20
EPS Actual0.020.040.030.050.030.070.110.100.080.080.090.100.110.110.120.170.140.190.190.200.190.150.130.140.150.160.140.170.170.190.190.230.210.260.270.310.270.340.380.410.350.410.410.400.340.380.360.430.350.420.420.290.040.100.130.220.120.270.310.410.270.400.440.500.350.480.410.540.360.450.460.500.330.550.540.550.400.510.580.760.430.570.510.580.470.640.600.650.600.820.760.950.640.780.780.850.300.330.67-0.170.601.111.141.401.572.041.931.651.370.910.990.81-0.6417.74-1.49-1.24-1.130.06-0.52-0.91-0.201.27-
Surprise0.00%-20.00%-25.00%0.00%50.00%16.67%57.14%25.00%100.00%-11.11%12.50%25.00%22.22%0.00%0.00%21.43%180.00%26.67%5.56%-4.76%5.56%0.00%-13.33%-6.67%7.14%-5.88%0.00%6.25%6.25%5.56%0.00%15.00%5.00%13.04%3.85%3.33%0.00%3.03%2.70%-2.38%2.94%0.00%-6.82%-6.98%-5.56%-5.00%0.00%13.16%0.00%2.44%0.00%0.00%-20.00%11.11%8.33%22.22%0.00%17.39%0.00%10.81%17.39%8.11%10.00%0.00%2.94%4.35%2.50%8.00%-7.69%-15.09%0.00%-10.71%-10.81%-1.79%-8.47%-6.78%0.00%-16.39%-1.69%18.75%0.00%-1.72%0.00%5.45%14.63%10.34%3.45%4.84%5.26%7.89%-5.00%15.85%3.23%-1.27%0.00%-7.61%-23.08%6.45%67.50%-123.29%5.26%9.90%5.56%8.53%23.62%11.48%1.58%-14.95%5.38%-31.06%-11.61%-17.35%-481.82%9955.56%-547.83%-962.55%-135.42%123.08%-300.00%-1548.55%45.95%847.06%-
Timing-----Pre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-market----------Pre-market-Pre-marketPre-marketPre-marketPre-market-After-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours-After-hoursAfter-hours-After-hoursAfter-hoursAfter-hoursAfter-hours-After-hoursAfter-hours-After-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hoursAfter-hours-After-hoursAfter-hours-After-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hours

Key Statistics & Ratios

Market Cap496.24M
Enterprise Value2.48B
Trailing P/E0.00
Forward P/E19.92
PEG Ratio0.65
Price / Sales0.20
Price / Book5.98
EPS-8.91
Book Value-3.42
Revenue (TTM)2.52B
Gross Profit (TTM)541.14M
EBITDA281.77M
Profit Margin-11.37%
Operating Margin6.34%
Return on Equity-735.72%
Return on Assets3.06%
Shares Outstanding33.78M
Shares Float27.31M
Beta1.39
Dividend Yield0.00%
Dividend Rate0.00
Payout Ratio0.00%

Analyst Ratings

Buy
Based on 6 analystsTarget 28.00
  • Strong Buy
    2
  • Hold
    4

Ownership Breakdown

Institutions
97.52%
Insiders
1.86%
Retail / Other
0.62%

Top Institutional Holders

  • Clearlake Capital Group LP
    3.83M11.32%
  • BlackRock Inc
    3.70M10.95%
  • Irenic Capital Management LP
    1.23M3.64%
  • Private Management Group Inc
    1.16M3.42%
  • FMR Inc
    1.09M3.22%
  • State Street Corp
    1.05M3.12%
  • Vanguard Capital Management, LLC
    1.03M3.04%
  • D. E. Shaw & Co LP
    1.00M2.96%
  • Vanguard Portfolio Management, LLC
    898.22K2.66%
  • Melqart Asset Management (UK) Ltd.
    877.74K2.60%
  • UBS Group AG
    755.97K2.24%
  • CIBC World Markets Inc.
    734.27K2.17%
  • LITTLEJOHN & CO LLC
    733.26K2.17%
  • Geode Capital Management, LLC
    551.56K1.63%
  • Charles Schwab Investment Management Inc
    497.69K1.47%
  • Jane Street Group LLC
    492.81K1.46%
  • BNP Paribas Arbitrage, SA
    480.20K1.42%

Top Fund Holders

  • Fidelity Value
    1.43M4.22%
  • Vanguard MStar Total Stk Mkt Idx Invest
    888.37K2.63%
  • iShares Russell 2000 ETF
    591.16K1.75%

Dividends

20234×
0.24Nov 21, 20230.24Aug 16, 20230.24May 24, 20230.24Mar 1, 2023
20224×
0.24Nov 22, 20220.24Aug 17, 20220.24May 25, 20220.24Mar 2, 2022
20214×
0.21Nov 23, 20210.21Aug 19, 20210.21May 26, 20210.21Mar 3, 2021
20204×
0.21Nov 24, 20200.18Aug 19, 20200.18May 21, 20200.18Mar 4, 2020
20194×
0.18Nov 20, 20190.18Aug 21, 20190.18May 23, 20190.18Mar 6, 2019
20184×
0.18Nov 21, 20180.15Aug 22, 20180.15May 24, 20180.15Mar 7, 2018

Stock Splits

  • Apr 4, 20053:2
  • Jan 31, 20003:2
  • Mar 22, 19992:1