Forward Air/$FWRD
13:30
15:10
16:45
18:25
20:00
1D1W1MYTD1Y5YMAX
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
$936M
-
-$6.78
1.43
-
Price and volume
Market cap
$936M
Beta
1.43
52-week high
$32.47
52-week low
$26.37
Average daily volume
627K
Financial strength
Current ratio
1.196
Quick ratio
1.086
Long term debt to equity
945.693
Total debt to equity
1,000.209
Interest coverage (TTM)
0.46%
Profitability
EBITDA (TTM)
222.269
Gross margin (TTM)
19.58%
Net profit margin (TTM)
-6.86%
Operating margin (TTM)
3.49%
Effective tax rate (TTM)
-88.94%
Revenue per employee (TTM)
$390,000
Management effectiveness
Return on assets (TTM)
1.89%
Return on equity (TTM)
-52.07%
Valuation
Price to revenue (TTM)
0.355
Price to book
6.13
Price to tangible book (TTM)
-0.7
Price to free cash flow (TTM)
138.131
Free cash flow yield (TTM)
0.72%
Free cash flow per share (TTM)
0.22
Growth
Revenue change (TTM)
35.18%
Earnings per share change (TTM)
-70.34%
3-year revenue growth (CAGR)
10.63%
10-year revenue growth (CAGR)
11.21%
3-year earnings per share growth (CAGR)
4.46%
10-year earnings per share growth (CAGR)
15.40%
Bulls say / Bears say
Private equity interest: Private equity firms, including Blackstone and Apollo, have signed confidentiality agreements ahead of potential offers. This suggests strong investor confidence and could result in a takeover premium for shareholders (Reuters).
Undervaluation: With shares down from $121 in late 2021 to around $20 and an enterprise value near $2.5 billion, Forward Air shares appear significantly undervalued compared to its leading position in LTL logistics (Reuters).
Governance improvement: After Ancora’s activism led to the removal of three board members in May, corporate governance should improve, supporting a more effective strategic review (Reuters).
Acquisition disruption: The 2024 Omni Logistics acquisition increased debt burdens and caused operational disruptions, weakening service reliability and hurting financial performance (Reuters).
Share price erosion: Shares have dropped more than 80% from their 2021 highs, reflecting significant investor concerns about Forward Air’s strategic path and growth prospects (Reuters).
Deal uncertainty: Although buyout firms are performing due diligence, there is no certainty a takeover offer will emerge, leaving the company at risk of further share price losses if strategic alternatives fall through (Reuters).
Data summarised monthly by Lightyear AI. Last updated on 29 Aug 2025.
Forward Air News
AllArticlesVideos
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real-time US market data is sourced from the IEX order book provided by Polygon. After-hours US market data is 15 minutes delayed and may differ significantly from the actual tradable price at market open.
Capital at risk
Upcoming events
No upcoming events
FAQs
What’s the current market cap for Forward Air stock?
Forward Air (FWRD) has a market cap of $936M as of August 29, 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 29, 2025.
Does Forward Air stock pay dividends?
No, Forward Air (FWRD) stock does not pay dividends to its shareholders as of August 29, 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 1.43. 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.