FWRD
Forward Air Corporation
NASDAQ: FWRD · INDUSTRIALS · INTEGRATED FREIGHT & LOGISTICS
$16.63
+1.28% today
Updated 2026-09-11
Market cap
$553.33M
P/E ratio
—
P/S ratio
0.22x
EPS (TTM)
$-8.60
Dividend yield
—
52W range
$8 – $31
Volume
0.6M
WallStSmart proprietary scores
52
out of 100
Grade: C
Hold
Investment rating
8.0
Growth
A5.5
Quality
C+4.0
Profitability
C6.0
Valuation
B4/9
Piotroski F-Score
Moderate
0.8
Altman Z-Score
Distress
—
Industry rank
—
View all highly rated stocks (75+) →251 stocks currently score above 75
Price targets
Analyst target
$28.00
+68.37%
12-Month target
—
—
Intrinsic (DCF)
—
Margin of safety
—
0 Strong Buy2 Buy3 Hold0 Sell0 Strong Sell
Price chart
Stock snapshot
Strengths
+ Debt/equity -18.28x — low leverage
Risks
- Altman Z 0.80 — distress zone
- Thin margins at -11.40%
- Negative free cash flow $-8.10M
Key financials
Revenue Net Income Free Cash Flow
| Metric | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|
| Revenue | $1.68B | $1.37B | $2.47B | $2.50B | $2.52B |
| Net income | $193.19M | $167.35M | $-816.97M | $-107.80M | $-207.30M |
| EPS | — | — | — | — | $-8.60 |
| Free cash flow | $218.36M | $150.66M | $-112.46M | $15.27M | $-8.10M |
| Profit margin | 11.50% | 12.21% | -33.02% | -4.32% | -11.40% |
Recent insider activity
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-18 | SVINDLAND, PAUL C. | Buy | 9,545 | — |
| 2026-06-18 | GORJANC, CHRISTINE MARIE | Buy | 9,545 | — |
| 2026-06-18 | BOYLES, DALE W | Buy | 9,545 | — |
Peer comparison
Smart narrative
Forward Air Corporation trades at $16.63. Our Smart Value Score of 52/100 indicates the stock is fair. The company scores 4/9 on the Piotroski F-Score. With an Altman Z-Score of 0.80, it sits in the distress. TTM revenue stands at $2.52B. with profit margins at -11.40%.
Frequently asked questions
What is Forward Air Corporation's stock price?
Forward Air Corporation (FWRD) trades at $16.63, on a P/S of 0.2x. Those multiples show what the market is paying for each dollar of earnings and sales, which is the real starting point for judging whether the price is reasonable.
Is Forward Air Corporation overvalued?
Forward Air Corporation carries a Smart Value Score of 52/100 (Grade C), which we rate Hold. That score blends growth, quality, and valuation into one read.
What is the price target of Forward Air Corporation (FWRD)?
The 12-month analyst consensus target is $28.00, about 68.4% above the current $16.63. A consensus target is the average of Wall Street's 12-month forecasts, so it works as a sentiment gauge rather than a guarantee, and it resets with every earnings cycle.
What is Forward Air Corporation's revenue?
Forward Air Corporation's trailing twelve-month revenue is $2.52B. Revenue scale anchors the valuation multiples and shows whether growth is reaching the top line, so it is best read alongside margin and growth trends to see if that revenue is getting more profitable over time.
Altman Z-Score?
Forward Air Corporation's Altman Z-Score is 0.80, which places it in the distress. The Altman Z-Score gauges bankruptcy risk from profitability, leverage, and asset efficiency, and a higher reading points to lower financial distress risk.
Company info
SectorINDUSTRIALS
IndustryINTEGRATED FREIGHT & LOGISTICS
CountryUSA
ExchangeNASDAQ
CurrencyUSD
Quick metrics
P/S ratio0.22x
ROE-112.93%
Beta1.36
50D MA$15.58
200D MA$19.52
Shares out0.03B
Float0.03B
Short ratio—
Avg volume0.6M
Performance
1 week-7.04%
1 month-17.67%
3 months+24.76%
YTD-33.48%
1 year—
3 years—
5 years—