Forward Air/$FWRD
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About Forward Air
Forward Air Corp is an asset-light freight and logistics company. The company's operating segment includes Expedited Freight, Omni Logistics, and Intermodal and Corporate. The company generates maximum revenue from the Omni Logistics segment. The expedited Freight segment operates a comprehensive national network to provide expedited regional, inter-regional, and national LTL (less-than-truckload) services. It also offers customers local pick-up and delivery and other services including final mile, truckload, shipment consolidation and deconsolidation, warehousing, customs brokerage, and other handling. The Company conducts business in the United States, Canada, and Mexico.
Ticker
$FWRD
Sector
Mobility
Primary listing
Employees
6,453
Headquarters
Website
Forward Air Metrics
BasicAdvanced
$903M
-
-$28.76
1.41
-
Price and volume
Market cap
$903M
Beta
1.41
52-week high
$32.47
52-week low
$26.37
Financial strength
Current ratio
1.126
Quick ratio
1.033
Long term debt to equity
897.745
Total debt to equity
948.415
Interest coverage (TTM)
0.36%
Profitability
EBITDA (TTM)
277.524
Gross margin (TTM)
19.81%
Net profit margin (TTM)
-31.66%
Operating margin (TTM)
2.73%
Effective tax rate (TTM)
7.35%
Revenue per employee (TTM)
$390,000
Management effectiveness
Return on assets (TTM)
2.43%
Return on equity (TTM)
-140.72%
Valuation
Price to revenue (TTM)
0.345
Price to book
5.84
Price to tangible book (TTM)
-0.67
Price to free cash flow (TTM)
-21.927
Free cash flow yield (TTM)
-4.56%
Free cash flow per share (TTM)
-1.354
Growth
Revenue change (TTM)
63.73%
Earnings per share change (TTM)
-1,383.18%
3-year revenue growth (CAGR)
12.94%
10-year revenue growth (CAGR)
12.06%
3-year earnings per share growth (CAGR)
78.93%
10-year earnings per share growth (CAGR)
31.70%
Bulls say / Bears say
Significant acquisition interest from major private equity firms, including Blackstone and Apollo, could trigger a takeover premium if a sale materializes.
Strong liquidity and free cash flow generation, with end-of-Q1 2025 liquidity around $392 million and Q1 free cash flow increasing liquidity by $11 million, provide flexibility for investments and debt reduction.
Realizing synergies from the Omni acquisition, targeting $75 million in annualized savings and recent pricing actions boosting expedited freight EBITDA margin by nearly 400 basis points, position Forward Air for margin recovery
Elevated debt from the 2024 Omni Logistics acquisition has depressed market valuation (share price down from $121 in 2021 to about $20), raising concerns over financial leverage and refinancing risk.
Substantial goodwill impairment of $79 million in Q4 2024 and operational issues stemming from the Omni integration reflect challenges to profitability and integration execution.
Exposure to new tariffs under the IEEPA order, potentially affecting 10 % to 15 % of revenues, combined with underperformance in the expedited freight segment due to volume declines, could pressure revenue and margins
Data summarised monthly by Lightyear AI. Last updated on 18 Jul 2025.
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FAQs
What’s the current market cap for Forward Air stock?
Forward Air (FWRD) has a market cap of $903M as of August 08, 2025.
What is the P/E ratio for Forward Air stock?
The price to earnings (P/E) ratio for Forward Air (FWRD) stock is 0 as of August 08, 2025.
Does Forward Air stock pay dividends?
No, Forward Air (FWRD) stock does not pay dividends to its shareholders as of August 08, 2025.
When is the next Forward Air dividend payment date?
Forward Air (FWRD) stock does not pay dividends to its shareholders.
What is the beta indicator for Forward Air?
Forward Air (FWRD) has a beta rating of 1.41. This means that it is more volatile than the market, on average. A beta of 1 would indicate the stock moves in-line with the market, while a beta of 2 would indicate the stock moves twice as much as the market.