FWRDNasdaqArrangement of Transportation of Freight & CargoFiscal year ends December 31

FORWARD AIR CORP

Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 5, 2026

$15.32+0.28 (+1.86%)

Close on Oct 19, 2026

Market cap: $497.61M
P/E (TTM): –
Dividend yield: 0.00%

FORWARD AIR CORP income statement

Annual Quarterly TTM

Millions of USD, except per-share data. Shares in millions.

Line item	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31	FY 2020 2020-12-31	FY 2019 2019-12-31	FY 2018 2018-12-31	FY 2017 2017-12-31	FY 2016 2016-12-31	FY 2015 2015-12-31	FY 2014 2014-12-31	FY 2013 2013-12-31	FY 2012 2012-12-31	FY 2011 2011-12-31	FY 2010 2010-12-31	FY 2009 2009-12-31	FY 2008 2008-12-31
Revenue	2,495	2,474	1,371	1,680	1,387	1,270	1,215	1,138	1,169	1,030	959	781	652	584	536	484	417	474
Cost of Revenue	–	–	–	–	–	651	586	564	545	461	–	–	–	–	–	–	–	–
Gross Profit	–	–	–	–	–	619	629	573	624	569	–	–	–	–	–	–	–	–
Total Costs & Expenses	2,459	3,537	1,283	1,432	1,240	1,196	1,103	1,020	1,061	971	877	685	568	501	459	430	399	404
Operating Income	36	-1,063	88	248	147	74	112	117	109	60	82	96	84	84	77	54	19	70
Interest Expense	181	189	32	5.14	4.34	4.56	2.71	1.78	1.21	1.60	2.05	0.61	0.53	0.39	0.62	0.73	0.67	1.24
Interest & Investment Income	–	–	–	–	–	–	–	–	–	–	0.03	0.01	0.04	0.04	0.17	0.10	0.07	–
Other Non-Operating Income	-184	-187	-32	-5.14	-4.34	-4.56	-2.71	-1.79	-1.22	-1.59	-2.11	-0.32	-0.43	-0.38	-0.55	-0.64	-0.60	-0.87
Asset Impairment Charges	0	1,028	0	0	–	–	–	0	0	42	0	0	–	–	–	–	6.95	–
Gain (Loss) on Sale of Assets	–	–	–	–	–	–	-1.12	0.17	-1.28	-0.29	0.18	0.38	0.45	-0.32	0.08	-0.57	-0.01	0.17
Pretax Income	-147	-1,250	57	242	143	69	110	115	108	58	80	96	84	83	77	53	18	69
Income Tax Expense	-5.47	-125	14	63	36	17	27	27	20	31	24	35	29	30	29	21	8.15	27
Income from Continuing Operations	-142	-1,125	43	179	107	53	82	89	–	–	–	–	–	–	–	–	–	–
Income from Discontinued Operations	0	-6.39	125	14	-1.02	-29	4.78	3.49	–	–	–	–	–	–	–	–	–	–
Net Income incl. Noncontrolling Interests	-142	-1,131	167	193	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Minority Interest in Earnings	-34	-314	0	0	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Net Income	-108	-817	167	193	106	24	87	92	87	28	56	61	54	53	47	32	9.80	43
Net Income to Common	–	-837	43	179	–	–	–	–	–	–	–	–	–	–	–	–	–	–
EPS (Basic)(per share)	-3.51	-30.63	6.42	7.17	3.87	0.84	3.06	3.14	2.90	0.90	1.80	1.99	1.81	1.82	1.62	1.11	0.34	1.48
EPS (Diluted)(per share)	-3.51	-30.63	6.40	7.14	3.85	0.84	3.04	3.12	2.89	0.90	1.78	1.96	1.77	1.78	1.60	1.10	0.34	1.47
Shares Outstanding (Basic, Weighted)(shares)	31	28	26	27	27	28	28	29	30	30	31	31	30	29	29	29	29	0.03
Shares Outstanding (Diluted, Weighted)(shares)	31	28	26	27	27	28	28	29	30	30	31	31	31	30	29	29	29	0.03
Dividend per Share(per share)	0.00	0.00	0.96	0.96	0.84	0.75	0.72	0.63	0.60	0.51	0.48	0.48	0.40	0.34	0.28	0.28	0.28	0.28
EBITDA	189	-919	146	290	182	111	149	153	150	98	119	128	108	105	98	74	38	54
Net Interest Income	–	–	–	-5.14	-4.34	-4.56	-2.71	–	–	–	–	–	–	–	–	–	–	–

Italic numbers are calculated by StockData (for example Q4 = full year − nine months). Per-share data and share counts are adjusted for stock splits. Hover a number for its source; click it to open the filing on SEC.gov. Click a row to chart it.

Ratios

Latest available, balances at Jun 30, 2026

Profitability, TTM

Gross margin: –
Operating margin: -6.7%
Net margin: -11.4%
Return on equity, FY2025: -68.4%

Financial strength

Current ratio: 1.32
Debt to equity: -14.67
Debt to assets: 70.2%
Cash to current liabilities: 31.6%

Valuation

P/E ratio: –
Price to sales: 0.20
Price to book: –
Dividend yield: 0.00%