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%

Follow FWRD

Alert me

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

	Jun '26	Mar '26	Dec '25	Sep '25	Older periods
P/E ratio Full definition →	0.00	0.00	0.00	0.00	+8 more quarters Free account
P/S ratio Full definition →	0.17	0.21	0.31	0.32
P/FCF ratio Full definition →	8.52	12.74	43.95	39.15
P/Operating CF Full definition →	(89.87)	11.50	(33.79)	15.06
P/B ratio Full definition →	0.00	4.30	4.75	4.05
Price to Tangible BV Full definition →	0.00	0.00	0.00	0.00
EV/Sales Full definition →	0.80	0.86	0.96	0.95
EV/EBITDA Full definition →	8.79	10.25	12.63	12.82
EV/Operating CF Full definition →	28.60	33.77	53.81	54.27
EV/FCF Full definition →	39.36	51.11	136.68	117.36
Quick Ratio Full definition →	1.17	1.07	1.06	1.05
Current Ratio Full definition →	1.32	1.23	1.22	1.20
Net Debt/EBITDA Full definition →	19.40	26.59	42.36	30.07
Debt/Assets Full definition →	70.94%	63.40%	62.88%	61.80%
Debt/Equity Full definition →	(13.94)	13.98	10.58	8.82
Asset Turnover Full definition →	0.97	0.90	0.90	0.85
Operating CF/Net income Full definition →	0.02	(1.33)	0.80	(3.24)
Capex/Depreciation Full definition →	(0.01)	(0.14)	(0.19)	(0.10)
Interest Coverage Full definition →	(4.60)	0.47	(0.06)	0.34
Research and Development Expense of Revenue Full definition →	0.00%	0.00%	0.00%	0.00%
Selling, General and Administrative Expense of Revenue Full definition →	21.35%	22.18%	20.92%	22.89%
Intangible Assets out of Total Assets Full definition →	0.47	0.52	0.53	0.52
Share Based Compensation of Revenue Full definition →	0.07%	0.61%	0.38%	0.54%
Graham Net Nets Full definition →	(4.44)	(3.86)	(2.65)	(2.58)
Graham Number Full definition →	27.50	0.00	0.00	0.00
Earnings Yield Full definition →	(65.88%)	(17.53%)	(14.08%)	(15.02%)
Free Cash Flow Yield Full definition →	11.73%	7.85%	2.28%	2.55%
Revenue per Share Full definition →	20.72	18.49	20.55	20.40
Operating CF per Share Full definition →	(0.15)	1.45	(0.74)	1.70
Capex per Share Full definition →	(0.06)	(0.18)	(0.26)	(0.12)
Free Cash Flow per Share Full definition →	(0.21)	1.28	(1.00)	1.58
Cash per Share Full definition →	4.29	4.48	3.45	4.53
Shareholders Equity per Share Full definition →	(3.78)	3.88	5.26	6.32
Interest Debt per Share Full definition →	0.00	0.00	0.00	0.00
Book value per Share Full definition →	(3.78)	3.88	5.26	6.32
Free Cash Flow Full definition →	(6.97)	40.22	(30.66)	48.89
Working Capital Full definition →	141.55	100.46	92.68	92.45
Capital Expenditures Full definition →	(2.09)	(5.52)	(7.94)	(3.82)
Net Current Asset Value Full definition →	(1,950.39)	(2,031.25)	(2,036.28)	(2,045.87)
EV/EBIT Full definition →	0.00	40.51	65.56	20.68
Capex to Sales Full definition →	0.00	0.01	0.01	0.01
Price to Operating Income Full definition →	0.00	10.09	21.08	6.90
Other line items
Average Receivables Full definition →	355.64	335.09	336.10	352.06
Average Payables Full definition →	116.89	107.60	113.72	141.03
Average Assets Full definition →	2,586.04	2,749.86	2,760.79	2,925.02
Average Common Equity Full definition →	46.79	174.64	223.77	266.19

Show all line items

Columns are period end dates

Stockrow Weekly