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STOCKS

Forward Air Corp. (FWRD)

NASDAQ:FWRD

FWRD

Forward Air

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Forward Air (FWRD) Ratios

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271 Followers

Forward Air Ratios

FWRD's free cash flow for Q1 2025 was $0.12. For the 2025 fiscal year, FWRD's free cash flow was decreased by $ and operating cash flow was

lt;0.01. See a summary of the company’s cash flow.

Ratios	TTM	Dec 24	Dec 23	Dec 22	Dec 21
Liquidity Ratios
Current Ratio	1.13	1.46	1.80	1.72	1.45
Quick Ratio	1.13	1.46	1.80	1.72	1.33
Cash Ratio	0.27	0.51	0.27	0.23	0.23
Solvency Ratio	-0.25	0.10	0.47	0.28	0.18
Operating Cash Flow Ratio	0.17	0.77	1.53	0.73	0.49
Short-Term Operating Cash Flow Coverage	4.15	14.34	27.81	2.24	1.85
Net Current Asset Value	$ -2.08B	$ -1.87B	$ -196.52M	$ -241.36M	$ -250.91M
Leverage Ratios
Debt-to-Assets Ratio	0.77	0.65	0.23	0.29	0.23
Debt-to-Equity Ratio	13.92	2.55	0.39	0.54	0.44
Debt-to-Capital Ratio	0.93	0.72	0.28	0.35	0.31
Long-Term Debt-to-Capital Ratio	0.92	0.70	0.13	0.31	0.27
Financial Leverage Ratio	18.13	3.90	1.71	1.88	1.91
Debt Service Coverage Ratio	-3.95	2.98	15.39	2.76	1.89
Interest Coverage Ratio	0.11	2.79	51.77	36.72	16.21
Debt to Market Cap	2.02	1.11	0.04	0.10	0.11
Interest Debt Per Share	77.73	76.31	10.57	11.95	8.97
Net Debt to EBITDA	-2.21	12.53	0.80	1.42	1.83
Profitability Margins
Gross Profit Margin	12.48%	24.09%	27.71%	21.98%	18.05%
EBIT Margin	-38.90%	6.44%	12.55%	8.84%	5.82%
EBITDA Margin	-36.19%	10.62%	14.70%	11.96%	8.75%
Operating Profit Margin	0.83%	6.44%	13.48%	9.58%	5.82%
Pretax Profit Margin	-46.52%	4.13%	13.22%	9.32%	5.46%
Net Profit Margin	-31.66%	12.21%	9.79%	6.37%	4.16%
Continuous Operations Profit Margin	-43.10%	3.12%	9.09%	6.98%	4.16%
Net Income Per EBT	68.05%	295.47%	74.07%	68.31%	76.08%
EBT Per EBIT	-5584.69%	64.21%	98.07%	97.28%	93.83%
Return on Assets (ROA)	-28.74%	5.62%	15.99%	9.47%	5.04%
Return on Equity (ROE)	-372.15%	21.90%	27.32%	17.83%	9.64%
Return on Capital Employed (ROCE)	0.90%	3.22%	25.61%	16.71%	8.44%
Return on Invested Capital (ROIC)	0.79%	2.38%	18.07%	11.32%	5.82%
Return on Tangible Assets	-61.75%	6.52%	25.86%	15.20%	8.02%
Earnings Yield	-96.60%	10.27%	6.88%	3.22%	2.49%
Efficiency Ratios
Receivables Turnover	7.57	8.64	10.48	7.69	8.11
Payables Turnover	19.98	22.91	28.48	28.93	27.12
Inventory Turnover	0.00	0.00	1.43B	0.00	49.54
Fixed Asset Turnover	3.44	3.71	5.05	4.53	4.05
Asset Turnover	0.91	0.46	1.63	1.49	1.21
Working Capital Turnover Ratio	35.47	11.20	15.60	17.00	14.38
Cash Conversion Cycle	29.96	26.32	22.00	34.85	38.90
Days of Sales Outstanding	48.23	42.25	34.81	47.46	44.99
Days of Inventory Outstanding	0.00	0.00	<0.01	0.00	7.37
Days of Payables Outstanding	18.27	15.94	12.82	12.62	13.46
Operating Cycle	48.23	42.25	34.81	47.46	52.36
Cash Flow Ratios
Operating Cash Flow Per Share	2.40	7.00	9.67	4.43	3.04
Free Cash Flow Per Share	0.93	5.81	8.15	2.99	2.31
CapEx Per Share	1.46	1.19	1.52	1.44	0.73
Free Cash Flow to Operating Cash Flow	0.39	0.83	0.84	0.67	0.76
Dividend Paid and CapEx Coverage Ratio	1.64	3.26	3.89	1.94	2.04
Capital Expenditure Coverage Ratio	1.64	5.90	6.36	3.08	4.15
Operating Cash Flow Coverage Ratio	0.03	0.09	0.93	0.38	0.35
Operating Cash Flow to Sales Ratio	0.03	0.13	0.13	0.07	0.07
Free Cash Flow Yield	3.33%	9.25%	7.77%	2.47%	3.01%
Valuation Ratios
Price-to-Earnings (P/E) Ratio	-1.04	9.73	14.54	31.06	40.24
Price-to-Sales (P/S) Ratio	0.33	1.19	1.42	1.98	1.67
Price-to-Book (P/B) Ratio	5.39	2.13	3.97	5.54	3.88
Price-to-Free Cash Flow (P/FCF) Ratio	30.04	10.81	12.87	40.52	33.26
Price-to-Operating Cash Flow Ratio	11.53	8.98	10.84	27.34	25.24
Price-to-Earnings Growth (PEG) Ratio	-0.01	-0.10	0.17	0.30	-1.07
Price-to-Fair Value	5.39	2.13	3.97	5.54	3.88
Enterprise Value Multiple	-3.12	23.71	10.48	17.96	20.95
Enterprise Value	2.88B	3.45B	3.04B	3.57B	2.33B
EV to EBITDA	-3.12	23.71	10.48	17.96	20.95
EV to Sales	1.13	2.52	1.54	2.15	1.83
EV to Free Cash Flow	102.82	22.92	13.93	44.00	36.43
EV to Operating Cash Flow	39.77	19.04	11.74	29.69	27.66
Tangible Book Value Per Share	-42.12	13.54	9.19	6.34	5.69
Shareholders’ Equity Per Share	5.12	29.49	26.41	21.86	19.81
Tax and Other Ratios
Effective Tax Rate	0.07	0.24	0.26	0.25	0.24
Revenue Per Share	84.32	52.90	73.68	61.22	45.95
Net Income Per Share	-26.69	6.46	7.21	3.90	1.91
Tax Burden	0.68	2.95	0.74	0.68	0.76
Interest Burden	1.20	0.64	1.05	1.05	0.94
Research & Development to Revenue	0.00	0.00	<0.01	<0.01	<0.01
SG&A to Revenue	0.03	0.04	0.03	0.03	0.03
Stock-Based Compensation to Revenue	<0.01	<0.01	<0.01	<0.01	<0.01
Income Quality	-0.06	4.24	1.34	1.04	1.59

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