FWRD
FWRD
NASDAQ · Logistics & Transportation

Forward Air Corp

$16.21
+0.21 (+1.31%)
Financial Highlights (FY 2026)
Revenue
2.50B
Net Income
-108,067,028
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 2.50B 2.31B 156.36M 179.62M
Gross Profit 1.03B 951.70M 97.83M 112.38M
Operating Income 36.52M 30.40M 10.13M 12.23M
Net Income -108,067,028 -89,947,586 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 228.29M 228.29M 497.41M 382.16M
Total Equity 14.99M 14.99M 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 192.56M 169.18M 13.29M 17.17M
Free Cash Flow 10.08M 11.93M