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Forward Air/$FWRD

1D1W1M3M6MYTD1Y5YMAX

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
$619M
-
-$9.06
1.41
-

What the Analysts think about Forward Air

Analyst ratings (Buy, Hold, Sell) for Forward Air stock.
Analyst projections of the future price of Forward Air stock.

Bulls say / Bears say

Forward Air has secured a two-year agreement to retain a significant share of a major customer’s work. It expects revenue from the retained services in each of 2026–28 to exceed that customer’s total contribution in 2025, improving revenue visibility. (Forward Air)
Underlying operations improved in Q2: revenue rose 8.8% to a record $673 million, while EBITDA increased to $93 million from $79 million a year earlier. Excluding a non-cash goodwill charge, operating income more than doubled to $43 million. (Forward Air)
Liquidity of $401 million, including $261 million available under its credit facility, gives Forward Air a buffer while it restructures. It has completed two smaller Omni disposals and is pursuing an Intermodal sale, which could simplify the business and help reduce leverage. (Forward Air, U.S. Securities and Exchange Commission)
Debt remains a heavy constraint: long-term debt was $1.69 billion against $319 million of last-twelve-month covenant EBITDA at 30 June, and Q2 net interest expense was $43.7 million. That limits flexibility if earnings weaken. (U.S. Securities and Exchange Commission)
Customer concentration remains a risk even after the retention agreement: one customer accounted for about 12% of Q2 revenue, and some services are still expected to move to other suppliers from late 2026 through 2027. The transition could reduce revenue if Forward Air cannot replace the work. (U.S. Securities and Exchange Commission)
Omni’s $244 million goodwill impairment erased its remaining goodwill and contributed to a $201 million Q2 operating loss and a $207 million net loss attributable to Forward Air. Although non-cash, the write-down underscores how far the acquired business has fallen short of its recorded value. (U.S. Securities and Exchange Commission)
Data summarised monthly by Lightyear AI. Last updated on 29 Oct 2026.

Forward Air Financial Performance

Revenues and expenses
Income statement
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
Net income
Profit margin

Forward Air Earnings Performance

Company profitability
Earnings per share
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
Expected
Surprise

Forward Air News

AllArticlesVideos

Forward's 5th Annual Drive for Hope Golf Tournament Raises Record-Breaking $700,000 for Hope For The Warriors

Business Wire1 month ago

Forward Air Q2 Earnings Call Highlights

MarketBeat3 months ago
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