FWRD
Forward Air Corporation
NASDAQ: FWRD · INDUSTRIALS · INTEGRATED FREIGHT & LOGISTICS
$21.06
-2.09% today
Updated 2026-04-30
Market cap
$739.63M
P/E ratio
—
P/S ratio
0.30x
EPS (TTM)
$-3.51
Dividend yield
—
52W range
$14 – $32
Volume
0.7M
WallStSmart proprietary scores
47
out of 100
Grade: C
Sell
Investment rating
6.7
Growth
B3.5
Quality
D3.0
Profitability
D7.7
Valuation
B+5/9
Piotroski F-Score
Moderate
0.9
Altman Z-Score
Distress
—
Industry rank
—
View all highly rated stocks (75+) →200 stocks currently score above 75
Price targets
Analyst target
$35.00
+66.19%
12-Month target
—
—
Intrinsic (DCF)
$193.73
Margin of safety
+84.66%
0 Strong Buy3 Buy3 Hold0 Sell0 Strong Sell
Price chart
X-Ray snapshot
Strengths
+ 84.66% below intrinsic value
Risks
- Altman Z 0.87 — distress zone
- Thin margins at -4.32%
- Negative free cash flow $-31.08M
- Revenue declining -0.30% QoQ
- Debt/equity 15.43x — high leverage
Key financials
Revenue Net Income Free Cash Flow
| Metric | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|
| Revenue | $1.68B | $1.37B | $2.47B | $2.50B | $2.50B |
| Net income | $193.19M | $167.35M | $-816.97M | $-107.80M | $-28.33M |
| EPS | — | — | — | — | $-3.51 |
| Free cash flow | $218.36M | $150.66M | $-112.46M | $15.27M | $-31.08M |
| Profit margin | 11.50% | 12.21% | -33.02% | -4.32% | -4.32% |
Recent insider activity
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-03-16 | STEWART, SHAWN | Buy | 18,692 | — |
| 2026-03-16 | PIERSON, JAMIE G. | Buy | 5,732 | — |
| 2026-03-15 | OSBORNE, TIMOTHY R | Sale | 2,109 | $16.05 |
Peer comparison
Smart narrative
Forward Air Corporation trades at $21.06. Our Smart Value Score of 47/100 indicates the stock is fair. The company scores 5/9 on the Piotroski F-Score. With an Altman Z-Score of 0.87, it sits in the distress. TTM revenue stands at $2.50B. with profit margins at -4.32%. Our DCF model estimates intrinsic value at $193.73.
Frequently asked questions
What is Forward Air Corporation's stock price?
Forward Air Corporation (FWRD) trades at $21.06.
Is Forward Air Corporation overvalued?
Smart Value Score 47/100 (Grade C, Sell). DCF value $193.73.
What is the price target of Forward Air Corporation (FWRD)?
The analyst target price is $35.00, representing +66.2% upside from the current price of $21.06.
What is the intrinsic value of Forward Air Corporation (FWRD)?
Based on our DCF model, intrinsic value is $193.73, a +84.7% margin of safety versus $21.06.
What is Forward Air Corporation's revenue?
TTM revenue is $2.50B.
Piotroski F-Score?
5/9 — moderate financial health.
Altman Z-Score?
0.87 — distress.
Company info
SectorINDUSTRIALS
IndustryINTEGRATED FREIGHT & LOGISTICS
CountryUSA
ExchangeNASDAQ
CurrencyUSD
Quick metrics
P/S ratio0.30x
ROE-63.30%
Beta1.47
50D MA$20.86
200D MA$24.74
Shares out0.03B
Float0.02B
Short ratio—
Avg volume0.7M
Performance
1 week-1.08%
1 month+40.70%
3 months-18.07%
YTD-8.60%
1 year—
3 years—
5 years—