FWRD
FWRD
NASDAQ · Logistics & Transportation

Forward Air Corp

$19.35
+1.55 (+8.71%)
As of Aug 8, 10:13 PM ET ·
Financial Highlights (FY 2026)
Revenue
2.69B
Net Income
-116,399,601
Gross Margin
41.1%
Profit Margin
-4.3%
Rev Growth
+8.1%
D/E Ratio
15.22
Revenue & Net Income
Margin Trends
FY 2026 FY 2025 FY 2024 FY 2023
Gross Margin 41.1% 41.1% 62.6% 62.6%
Operating Margin 1.5% 1.3% 6.5% 6.8%
Profit Margin -4.3% -4.1% 4.8% 4.5%
Income Statement
FY 2026 FY 2025 FY 2024 FY 2023
Revenue 2.69B 2.49B 156.36M 179.62M
Gross Profit 1.11B 1.03B 97.83M 112.38M
Operating Income 39.34M 32.74M 10.13M 12.23M
Net Income -116,399,601 -96,883,049 7.47M 8.01M
Gross Margin 41.1% 41.1% 62.6% 62.6%
Operating Margin 1.5% 1.3% 6.5% 6.8%
Profit Margin -4.3% -4.1% 4.8% 4.5%
Rev Growth +8.1% +8.1% +2.9% +5.0%
Balance Sheet
FY 2026 FY 2025 FY 2024 FY 2023
Total Debt 301.14M 301.14M 497.41M 382.16M
Total Equity 19.78M 19.78M 618.71M 600.61M
D/E Ratio 15.22 15.22 0.80 0.64
Cash Flow
FY 2026 FY 2025 FY 2024 FY 2023
EBITDA 204.15M 179.36M 13.29M 17.17M
Free Cash Flow 10.08M 11.93M