Forward Air/$FWRD
1D1W1MYTD1Y5YMAX
Capital at risk
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 North and South America, Europe, and Asia.
- Ticker
- $FWRD
- Sector
- Mobility
- Primary listing
- NASDAQ
- Employees
- 6,209
- Headquarters
- Dallas, United States
- Website
- www.forwardair.com
Forward Air Metrics
BasicAdvanced
$554M
-
-$9.06
1.36
-
Price and volume
Market cap
$554M
Beta
1.36
52-week high
$31.18
52-week low
$7.86
Average daily volume
560K
Financial strength
Current ratio
1.321
Quick ratio
1.166
Long term debt to equity
-16.203
Total debt to equity
-17.201
Interest coverage (TTM)
0.71%
Profitability
EBITDA (TTM)
281.767
Gross margin (TTM)
21.49%
Net profit margin (TTM)
-11.37%
Operating margin (TTM)
5.02%
Effective tax rate (TTM)
1.91%
Revenue per employee (TTM)
$410,000
Management effectiveness
Return on assets (TTM)
3.06%
Return on equity (TTM)
-735.72%
Valuation
Price to revenue (TTM)
0.206
Price to book
-4.79
Price to tangible book (TTM)
-0.44
Price to free cash flow (TTM)
10.741
Free cash flow yield (TTM)
9.31%
Free cash flow per share (TTM)
1.527
Growth
Revenue change (TTM)
-0.11%
Earnings per share change (TTM)
33.64%
3-year revenue growth (CAGR)
21.94%
10-year revenue growth (CAGR)
9.99%
3-year earnings per share growth (CAGR)
16.87%
10-year earnings per share growth (CAGR)
20.89%
Bulls say / Bears say
Record consolidated operating revenue of $673 million in Q2 2026, up 8.8% year-over-year, marks the highest quarterly revenue in company history, reflecting strong market demand and successful strategic execution (BusinessWire)
The Expedited Freight segment reported revenue of $319.1 million in Q2, a 23.9% year-over-year increase, and segment operating income improved over 79% to $34.9 million, underscoring the core business’s robust fundamentals (BusinessWire)
Strong liquidity position of $401 million as of June 30 2026, up $33 million from the prior-year quarter, provides ample financial flexibility for growth investments and debt reduction (BusinessWire)
A $244 million non-cash goodwill impairment in Q2 related to the Omni Logistics segment underscores challenges in realizing post-acquisition synergies and suggests potential overvaluation risk (BusinessWire)
Net leverage remains elevated at 5.2x LTM net debt to EBITDA, close to the 6x covenant threshold, constraining financial flexibility and raising refinancing risk if market conditions deteriorate (BusinessWire)
The Intermodal segment’s revenue growth was modest, with only a 1.0% increase to $59.7 million in Q2, indicating slower momentum in that business line and questioning the impact of recent rate increase initiatives (BusinessWire)
Data summarised monthly by Lightyear AI. Last updated on 29 Aug 2026.
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