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Forward Air Corp. (FWRD)
NASDAQ:FWRD
Total Valuation
Forward Air has a market cap or net worth of $522.70M. The enterprise value is $2.87B.
Market Cap$522.70M
Enterprise Value$2.87B
Share Statistics
Forward Air has 31,554,245 shares outstanding. The number of shares has decreased by -2.65% in one year.
Shares Outstanding31,554,245
Owned by Insiders6.06%
Owned by Institutions21.61%
Financial Efficiency
Forward Air’s return on equity (ROE) is -0.95 and return on invested capital (ROIC) is 1.45%.
Return on Equity (ROE)-0.95
Return on Assets (ROA)-0.04
Return on Invested Capital (ROIC)1.45%
Return on Capital Employed (ROCE)0.02
Revenue Per Employee394.86K
Profits Per Employee-17.06K
Employee Count6,319
Asset Turnover0.92
Inventory Turnover0.00
Valuation Ratios
The current PE Ratio of Forward Air is ―. Forward Air’s PEG ratio is 0.08.
PE Ratio―
PS Ratio0.31
PB Ratio6.83
Price to Fair Value6.83
Price to FCF50.71
Price to Operating Cash Flow11.56
PEG Ratio0.08
Income Statement
In the last 12 months, Forward Air had revenue of 2.50B and earned -107.80M in profits. Earnings per share was -3.48.
Revenue2.50B
Gross Profit510.94M
Operating Income36.42M
Pretax Income-147.20M
Net Income-107.80M
EBITDA186.19M
Earnings Per Share (EPS)-3.48
Cash Flow
In the last 12 months, operating cash flow was 44.38M and capital expenditures -29.12M, giving a free cash flow of 15.27M billion.
Operating Cash Flow44.38M
Free Cash Flow15.27M
Free Cash Flow per Share0.48
Dividends & Yields
Forward Air pays an annual dividend of $0.24, resulting in a dividend yield of ―
Dividend Per Share$0.24
Dividend Yield―
Payout Ratio―
Free Cash Flow Yield―
Earnings Yield―
Stock Price Statistics
Beta2.12
52-Week Price Change-17.13%
50-Day Moving Average26.51
200-Day Moving Average25.22
Relative Strength Index (RSI)18.07
Average Volume (3m)775.67K
Important Dates
Forward Air upcoming earnings date is Apr 23, 2026, After Close (Confirmed).
Last Earnings DateFeb 23, 2026
Next Earnings DateApr 23, 2026
Ex-Dividend Date―
Financial Position
Forward Air as a current ratio of 1.22, with Debt / Equity ratio of 2193.92%
Current Ratio1.22
Quick Ratio1.22
Debt to Market Cap2.76
Net Debt to EBITDA12.79
Interest Coverage Ratio0.20
Taxes
In the past 12 months, Forward Air has paid -5.47M in taxes.
Income Tax-5.47M
Effective Tax Rate0.04
Enterprise Valuation
Forward Air EV to EBITDA ratio is 16.95, with an EV/FCF ratio of 206.64.
EV to Sales1.26
EV to EBITDA16.95
EV to Free Cash Flow206.64
EV to Operating Cash Flow71.08
Balance Sheet
Forward Air has $106.00M in cash and marketable securities with $2.49B in debt, giving a net cash position of -$2.38B billion.
Cash & Marketable Securities$106.00M
Total Debt$2.49B
Net Cash-$2.38B
Net Cash Per Share-$75.45
Tangible Book Value Per Share-$42.50
Margins
Gross margin is 20.48%, with operating margin of 1.46%, and net profit margin of -4.32%.
Gross Margin20.48%
Operating Margin1.46%
Pretax Margin-5.90%
Net Profit Margin-4.32%
EBITDA Margin7.46%
EBIT Margin1.34%
Analyst Forecast
The average price target for Forward Air is $36.50, which is 11.43% higher than the current price. The consensus rating is Moderate Buy
Price Target$36.50
Price Target Upside120.41% Upside
Analyst ConsensusModerate Buy
Analyst Count2
Revenue Growth Forecast14.54%
EPS Growth Forecast87.85%