Forward Air Corporation
FWRD | NASDAQ
$18.95
+$1.33 (+7.55%)
Nov 2, 2026, 1:38 PM ET · Market open
Market Data
Market Cap $640.15M
Enterprise Value $2.57B
Beta 1.41
Average Volume 587.69K
Shares Outstanding (Diluted) 32.48M
Shares Change YoY 6.74%
Institutional Ownership 95.16%
Exchange NASDAQ
ISIN US34986A1043
Price Performance
Price Change 1M 19.1%
Price Change 3M 29.2%
Price Change 6M 16.8%
Price Change YTD -24.2%
Price Change 1Y 5.2%
Price Change 3Y -71.4%
Price Change 5Y -82.0%
1M CAGR (ann.) 18.8%
1Y CAGR (ann.) -8.4%
5Y CAGR (ann.) -27.6%
All-Time CAGR -7.4%
Valuation
PE Ratio -1.98
Forward PE 95.14
PEG Ratio 0.01
Forward PEG 0.10
PS Ratio 0.24
Forward PS 0.20
PB Ratio -5.16
P/FCF Ratio 12.34
P/Adj. FCF Ratio 13.47
P/OCF Ratio 8.08
EV/Sales 1.02
EV/EBIT -9.76
EV/EBITDA -23.83
EV/FCF 53.21
Earnings Yield -50.6%
FCF Yield 8.1%
Adj. FCF Yield 7.4%
Financial Health
Net Debt $1.55B
Total Debt $2.11B
Cash & Short-Term Investments $139.45M
Total Assets $2.41B
Current Ratio 1.32
Quick Ratio 1.32
Debt / Equity Ratio -18.28
Debt / EBITDA -19.60
Debt / FCF 43.76
OCF / Debt 0.03
Interest Coverage -1.87
Altman Z-Score 0.50
Piotroski F-Score 4
Margins & Profitability
Gross Profit Margin 10.6%
Operating Profit Margin -6.7%
EBITDA Margin -4.3%
Net Profit Margin -11.4%
FCF Margin 1.9%
Adj. FCF Margin 1.8%
SBC / Revenue 0.2%
SBC Impact (per share) -8.4%
Returns
Return on Assets -11.9%
Return on Equity -523.5%
Return on Invested Capital -7.9%
Return on Capital Employed -8.6%
Return on Tangible Assets -13.4%
Historical Growth (CAGR)
Revenue CAGR 3Y 14.4%
Revenue CAGR 5Y 11.4%
Revenue CAGR 10Y 10.0%
EPS CAGR 3Y 54.7%
EPS CAGR 5Y -80.2%
EPS CAGR 10Y -122.7%
FCF CAGR 3Y -41.2%
FCF CAGR 5Y -1.1%
FCF CAGR 10Y -5.4%
Analyst Forecasts
Analyst Rating Buy
Analyst Count 2
EPS Growth Next 3Y N/A
Revenue Growth Next 3Y N/A
Earnings Date Nov 9, 2026
EPS Estimate (next Q) $0.12
EPS Growth Est (next Q) -123.5%
Revenue Est (next Q) $673.4M
Revenue Growth Est (next Q) 6.6%
Fair Value Estimates
Graham Number N/A
Graham Upside N/A
Lynch Fair Value N/A
Lynch Upside N/A
Price Target $26.00
Price Target Upside 47.6%
Cash Flow
Operating Cash Flow $70.84M
Free Cash Flow $48.22M
Adj. Free Cash Flow $44.18M
FCF Per Share $1.48
OCF Per Share $2.18
OCF/S Ratio 2.8%
Income Statement
Revenue $2.52B
Gross Profit $267.85M
Operating Income $-168.73M
EBITDA $-107.66M
Net Income $-286.2M
EPS (Diluted) -$8.92
Revenue / Employee $415.39K
Profit / Employee $-47.21K
Employees 6,062
Add to Watchlist
Select watchlists to add or remove FWRD