FWRD
FWRD
NASDAQ · Logistics & Transportation

Forward Air Corp

$21.33
+0.27 (+1.28%)
As of May 9, 1:40 AM ET ·
Financial Highlights (FY 2026)
Revenue
1.20B
Net Income
-51,774,782
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 1.20B 1.11B 156.36M 179.62M
Gross Profit 493.03M 455.96M 97.83M 112.38M
Operating Income 17.50M 14.56M 10.13M 12.23M
Net Income -51,774,782 -43,093,779 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 147.65M 147.65M 497.41M 382.16M
Total Equity 9.70M 9.70M 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 92.26M 81.05M 13.29M 17.17M
Free Cash Flow 10.08M 11.93M