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
Forward Air Corporation (FWRD) Financial statements
SEC filings — annual and quarterly data.
Profit margin
-4.32%
Operating margin
3.59%
ROE
-63.30%
ROA
1.99%
Debt/equity
15.43x
Margin trends — annual
Gross margin Operating margin Profit margin
| Year | Revenue | Net income | Gross margin | Op. margin | Profit margin |
|---|---|---|---|---|---|
| 2006 | $352.76M | $48.92M | 45.01% | 21.37% | 13.87% |
| 2007 | $392.74M | $44.92M | 43.46% | 18.09% | 11.44% |
| 2008 | $474.44M | $42.54M | 61.85% | 14.81% | 8.97% |
| 2009 | $417.41M | $9.95M | 65.33% | 4.50% | 2.38% |
| 2010 | $483.94M | $32.04M | 63.81% | 11.10% | 6.62% |
| 2011 | $536.40M | $47.20M | 49.86% | 14.38% | 8.80% |
| 2012 | $584.45M | $52.67M | 23.56% | 14.29% | 9.01% |
| 2013 | $652.48M | $54.47M | 22.63% | 12.93% | 8.35% |
| 2014 | $780.96M | $61.17M | 22.92% | 12.34% | 7.83% |
| 2015 | $959.13M | $55.58M | 19.85% | 8.53% | 5.79% |
| 2016 | $982.53M | $27.67M | 21.91% | 6.10% | 2.82% |
| 2017 | $1.10B | $87.32M | 21.49% | 9.87% | 7.93% |
| 2018 | $1.32B | $92.05M | 20.14% | 9.24% | 6.97% |
| 2019 | $1.22B | $87.10M | 20.89% | 9.25% | 7.17% |
| 2020 | $1.27B | $23.73M | 18.05% | 5.82% | 1.87% |
| 2021 | $1.39B | $105.86M | 22.63% | 10.60% | 7.63% |
| 2022 | $1.68B | $193.19M | 29.27% | 14.74% | 11.50% |
| 2023 | $1.37B | $167.35M | 24.09% | 6.44% | 12.21% |
| 2024 | $2.47B | $-816.97M | 13.73% | -42.96% | -33.02% |
| 2025 | $2.50B | $-107.80M | 20.48% | 1.46% | -4.32% |