Forward Air Corp (FWRD) stock

FWRDNasdaqArrangement of Transportation of Freight & CargoFiscal year ends December 31

Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 9, 2026Score 3/30

$17.39+0.23 (+1.34%)

Close on Nov 13, 2026Market cap $587.45MP/E –Yield 0.00%

Forward Air EV/EBITDA

EV/EBITDA is enterprise value divided by EBITDA over the trailing twelve months.

Forward Air's EV/EBITDA was 9.9× on Jul 31, 2026, against 49.9× a year earlier. Over the last 5 years it ranged from 3.1× to 49.9×, with a median of 11.6×.

EV/EBITDA at the end of each year

Period	Period end	Value	Change (pts)
2026	Jul 31, 2026	9.9×	+0.8
2025	Dec 31, 2025	9.1×	−40.9
2024	Jul 31, 2024	49.9×	+40.1
2023	Dec 29, 2023	9.8×	−0.2
2022	Dec 30, 2022	10.0×	−10.5
2021	Dec 31, 2021	20.4×	+2.8
2020	Dec 31, 2020	17.7×	+4.5
2019	Dec 31, 2019	13.1×	+2.6
2018	Dec 31, 2018	10.5×	−1.0
2017	Dec 29, 2017	11.5×	−3.3
2016	Dec 30, 2016	14.8×	+2.9
2015	Dec 31, 2015	12.0×	−0.2
2014	Dec 31, 2014	12.2×	+0.7
2013	Dec 31, 2013	11.5×	+2.0
2012	Dec 31, 2012	9.5×	−0.7
2011	Dec 30, 2011	10.2×	+0.8
2010	Dec 31, 2010	9.3×	–