Forward Air Corporation FWRD

Industrials — Integrated Freight & Logistics

14.69 (0.06) (0.41%) as of 25 Sep

Market cap: $498.3M
P/E: 0.0×

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

	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23	Dec '24	Dec '25
P/E ratio	53.22	19.85	17.47	22.86	91.48	31.29	14.60	9.68	0.00	0.00
P/S ratio	1.42	1.48	1.40	1.62	1.67	2.37	1.67	1.18	0.36	0.31
P/FCF ratio	16.28	25.54	14.52	15.63	27.13	38.74	13.15	9.36	0.00	43.95
P/Operating CF	41.03	67.25	55.85	52.31	136.00	86.86	52.56	28.24	(38.21)	(33.79)
P/B ratio	2.94	3.24	2.88	3.42	3.88	5.54	3.96	2.11	3.11	4.75
Price to Tangible BV	7.06	7.51	6.63	8.33	13.50	19.10	8.40	4.60	0.00	0.00
EV/Sales	1.44	1.53	1.42	1.67	1.77	2.50	1.75	2.39	1.01	0.96
EV/EBITDA	10.59	11.94	10.56	13.65	20.22	19.07	10.12	22.53	22.90	12.63
EV/Operating CF	11.40	17.31	11.35	13.96	23.36	28.77	11.74	16.47	(36.32)	53.81
EV/FCF	16.50	26.50	14.72	16.10	28.69	40.88	13.77	19.05	(24.83)	136.68
Quick Ratio	1.61	2.36	2.50	1.47	1.15	1.54	1.38	1.35	1.11	1.06
Current Ratio	1.75	2.53	2.69	1.72	1.43	1.72	1.80	1.46	1.23	1.22
Net Debt/EBITDA	0.14	0.24	0.14	0.30	1.10	1.00	0.46	11.37	14.63	8.48
Debt/Assets	4.43%	5.86%	6.23%	11.03%	15.51%	19.59%	14.84%	60.99%	60.90%	62.88%
Debt/Equity	0.06	0.08	0.09	0.19	0.30	0.37	0.25	2.38	5.97	10.58
Asset Turnover	1.54	1.75	1.57	1.39	1.25	1.28	1.44	0.65	0.86	0.90
Operating CF/Net income	4.78	1.19	1.55	1.67	4.05	1.14	1.30	1.19	0.08	(0.41)
Capex/Depreciation	(0.50)	(0.87)	(0.91)	(0.53)	(0.48)	(1.02)	(0.87)	(0.47)	(0.03)	(0.18)
Interest Coverage	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ROE	5.41%	16.78%	16.95%	15.41%	4.22%	18.56%	29.54%	22.75%	(155.59%)	(48.17%)
ROA	4.07%	12.98%	12.67%	9.95%	2.33%	9.78%	16.52%	7.99%	(28.26%)	(3.90%)
ROIC	7.19%	11.94%	12.74%	11.30%	6.90%	11.85%	18.41%	2.28%	(35.20%)	1.29%
Return on Tangible Assets	10.56%	28.14%	27.38%	29.84%	8.98%	31.39%	50.39%	45.47%	(197.03%)	(27.60%)
Average Days of Receivables	41.31	47.56	51.79	40.91	44.99	56.88	40.90	42.25	47.57	51.16
Research and Development Expense of Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Selling, General and Administrative Expense of Revenue	25.98%	25.26%	22.78%	24.42%	24.08%	23.61%	20.85%	24.64%	24.29%	23.83%
Intangible Assets out of Total Assets	0.45	0.44	0.41	0.34	0.37	0.38	0.31	0.14	0.54	0.53
Share Based Compensation of Revenue	0.81%	0.69%	0.90%	0.96%	0.87%	0.76%	0.63%	0.84%	0.41%	0.54%
Graham Net Nets	0.00	0.00	0.00	(0.09)	(0.12)	(0.07)	(0.07)	(1.16)	(2.30)	(2.65)
Graham Number	18.37	34.17	36.66	37.54	19.35	43.63	65.27	65.32	0.00	0.00
Earnings Yield	1.88%	5.04%	5.72%	4.37%	1.09%	3.20%	6.85%	10.33%	(95.37%)	(14.08%)
Free Cash Flow Yield	6.14%	3.92%	6.89%	6.40%	3.69%	2.58%	7.61%	10.68%	(11.36%)	2.28%
Revenue per Share	34.02	39.15	39.13	43.10	45.95	51.09	62.71	52.90	89.84	81.23
Operating CF per Share	4.30	3.46	4.90	5.16	3.48	4.44	9.34	7.69	(2.51)	1.44
Capex per Share	(1.33)	(1.20)	(1.12)	(0.69)	(0.65)	(1.32)	(1.38)	(1.04)	(1.16)	(0.88)
Free Cash Flow per Share	2.98	2.26	3.78	4.48	2.83	3.13	7.96	6.65	(3.67)	0.57
Cash per Share	0.28	0.13	0.88	2.30	1.46	1.37	1.71	6.24	3.82	3.45
Shareholders Equity per Share	16.48	17.84	19.03	20.47	19.81	21.86	26.41	29.49	10.38	5.26
Interest Debt per Share	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Book value per Share	16.48	17.84	19.03	20.47	19.81	21.86	26.41	29.49	10.38	5.26
Free Cash Flow	90.09	67.54	109.81	126.18	78.25	84.88	213.28	172.23	(100.94)	17.47
Working Capital	58.34	101.50	126.36	99.15	74.28	118.12	134.92	109.93	88.45	92.68
Capital Expenditures	(40.26)	(35.82)	(32.59)	(19.35)	(17.85)	(35.73)	(36.88)	(26.98)	(31.92)	(26.91)
Net Current Asset Value	(5.95)	7.73	(5.89)	(177.38)	(254.17)	(241.36)	(196.52)	(1,868.24)	(2,044.27)	(2,036.28)
EV/EBIT	24.90	16.45	13.79	18.07	30.37	23.60	11.87	37.19	0.00	65.56
Capex to Sales	0.04	0.03	0.03	0.02	0.01	0.03	0.02	0.02	0.01	0.01
Net Profit Margin	2.65%	7.40%	8.09%	7.17%	1.87%	7.63%	11.44%	12.21%	(33.02%)	(4.32%)
Price to Operating Income	24.57	15.86	13.61	17.54	28.72	22.36	11.33	18.28	0.00	21.08
Other line items
Depreciation/Fixed assets	0.40	0.20	0.17	0.19	0.20	0.16	0.17	0.22	3.59	0.51
Cash ROIC	(13.03%)	(17.80%)	(10.78%)	(6.29%)	(12.50%)	(11.59%)	0.41%	(2.15%)	(18.84%)	(12.82%)
Accounts Receivable Turnover	8.42	8.69	7.25	8.17	8.67	7.44	8.31	7.90	10.28	7.42
Accounts Payable Turnover	22.93	23.05	17.76	20.12	20.78	16.39	15.96	12.73	16.83	11.12
Inventory Turnover	362.41	411.30	316.77	276.26	0.00	0.00	0.00	0.00	0.00	0.00
Average Days of Payables	13.87	19.97	21.78	15.36	21.13	24.00	24.14	27.26	30.33	35.14
Days of Inventory on Hand	1.01	0.93	1.41	1.29	0.00	0.00	0.00	0.00	0.00	0.00
Average Receivables	122.32	134.49	156.90	148.82	146.35	186.34	202.21	173.45	240.59	336.10
Average Payables	20.67	24.37	32.68	30.02	31.89	41.60	47.47	47.76	75.56	113.72
Average Inventory	1.31	1.37	1.83	2.19	—	—	—	—	—	—
Average Assets	670.61	666.96	726.42	875.55	1,019.14	1,082.61	1,162.95	2,093.80	2,891.09	2,760.79
Average Common Equity	504.56	515.88	542.97	565.21	562.26	570.49	650.45	735.75	525.06	223.77

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Forward Air Corporation FWRD