Saturday 17 October 2026 Export FWRD’s income statement to Excel — free account

Forward Air Corporation

FWRD Industrials Integrated Freight & Logistics

Forward Air Corporation’s revenue for fiscal 2025 (year ended December 2025) was $2.5 billion, up 0.84% from fiscal 2024. In the quarter to June 2026, revenue grew 8.76%, EPS fell 1,456.1%, free cash flow grew 59.4% and total debt fell 1.01%, each against the same quarter a year earlier. Dividend growth for ten consecutive years.

15.04 0.80 −5.05%

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Market cap: $535.1M
P/E: 0.0×
Fwd P/E: −5.5×
Dividend yield: —
F-score: 5/9
Altman Z: 0.95
Beneish M: −2.60
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

A Balance Sheet is a financial statement that provides a snapshot of a company's assets, liabilities, and shareholders' equity at a specific point in time. It follows the formula: Assets = Liabilities + Shareholders' Equity. Key components include current and non-current assets, current and long-term liabilities, and equity. The Balance Sheet helps businesses and investors evaluate financial stability, liquidity, and capital structure. It's essential for assessing the company's ability to meet its obligations and fund future operations.

	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23	Dec '24	Dec '25
Cash and Short Term Investments Full definition →	8.51	3.89	25.66	64.75	40.25	37.32	45.82	161.57	105.27	106.00
Receivables Full definition →	116.60	152.38	161.42	136.21	156.49	216.18	188.23	158.68	322.50	349.71
Inventory Full definition →	1.31	1.43	2.24	—	—	—	—	—	—	—
Other current assets Full definition →	10.00	10.00	12.00	20.90	27.74	7.03	45.50	1.10	15.69	37.25
Total current assets Full definition →	136.27	167.65	201.08	236.32	245.90	282.81	304.32	347.03	472.50	521.00
Property, Plant, Equpment (Net) Full definition →	200.21	206.11	209.90	192.76	189.87	219.10	246.33	258.10	326.19	297.88
Goodwill and Intangible Assets (Total) Full definition →	291.33	302.92	312.75	340.56	390.01	421.47	373.57	413.50	1,521.93	1,429.50
Long-term assets (Other) Full definition →	13.49	15.94	36.49	116.08	98.28	46.25	152.77	1,849.36	71.94	58.02
Total non-current assets Full definition →	505.02	524.97	559.13	754.56	801.50	835.02	903.76	2,632.51	2,330.14	2,197.94
Total Assets Full definition →	641.29	692.62	760.22	990.88	1,047.39	1,117.82	1,208.08	2,979.53	2,802.64	2,718.94
Accounts Payable Full definition →	18.01	30.72	34.63	25.41	38.37	44.84	50.09	45.43	105.69	121.75
Accrued Expenses Full definition →	21.64	25.23	29.61	27.51	51.26	61.62	49.92	62.95	119.84	114.42
Current Part of Debt Full definition →	27.67	—	—	—	—	—	—	—	—	—
Current Part of Capital Lease Full definition →	0.35	0.36	0.31	1.42	1.80	6.09	9.32	12.65	16.93	16.00
Current Part of Taxes to Pay Full definition →	0.07	0.32	—	—	—	—	—	—	—	—
Other current liabilities Full definition →	5.95	6.65	7.69	46.94	36.50	4.61	17.81	71.73	45.15	69.13
Total current liabilities Full definition →	77.93	66.15	74.72	137.16	171.62	164.69	169.40	237.09	384.05	428.33
Long Term Debt (Total) Full definition →	0.73	40.59	47.34	72.25	117.41	165.04	122.30	1,817.24	1,706.79	1,709.64
Long Term Tax Liability (Deferred) Full definition →	41.87	29.08	37.17	41.21	41.99	43.41	51.09	42.20	38.17	27.22
Non-current Liabilities (Other) Full definition →	21.70	24.10	47.74	93.39	88.70	49.62	65.14	47.14	62.13	65.09
Total non-current liabilities Full definition →	64.30	93.77	132.25	276.53	328.44	359.48	331.43	1,978.18	2,132.73	2,128.96
Total liabilities Full definition →	142.22	159.92	206.97	413.70	500.06	524.17	500.83	2,215.27	2,516.77	2,557.28
Additional Paid In Capital Full definition →	179.51	195.35	210.30	226.87	242.92	258.47	270.86	283.68	542.39	559.55
Common Stock (Net) Full definition →	0.30	0.30	0.29	0.28	0.27	0.27	0.27	0.26	0.30	0.31
Retained Earnings Full definition →	319.26	337.06	342.66	350.03	304.14	334.91	436.12	480.32	(338.23)	(447.10)
Common Equity (Total) Full definition →	499.07	532.70	553.24	577.18	547.33	593.65	707.24	764.26	285.87	161.66
Shareholders Equity (Total) Full definition →	499.07	532.70	553.24	577.18	547.33	593.65	707.24	764.26	285.87	161.66
Shareholders Equity and Liabilities (Total) Full definition →	641.29	692.62	760.22	990.88	1,047.39	1,117.82	1,208.08	2,979.53	2,802.64	2,718.94
Shares (Common) Full definition →	30.09	29.45	28.54	27.85	27.32	26.97	26.46	25.67	29.76	31.33
Shares (Preferred) Full definition →	—	—	—	—	—	—	—	0.00	0.01	0.01
Shareholders Equity (Tangible) Full definition →	207.74	229.78	240.49	236.63	157.32	172.19	333.68	350.77	(1,236.06)	(1,267.84)
Net Debt Full definition →	19.88	36.70	21.68	7.50	77.15	127.72	76.48	1,655.66	1,601.52	1,603.64
Total Debt Full definition →	28.39	40.59	47.34	72.25	117.41	165.04	122.30	1,817.24	1,706.79	1,709.64

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In millions of $ except per-share values · columns are period end dates

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