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

	Older periods	Sep '25	Dec '25	Mar '26	Jun '26
ROE Full definition →	+8 more TTM periods Free account	(39.08%)	(48.17%)	(52.38%)	(611.69%)
Piotroski F-Score Full definition →		4	5	6	5
ROA Full definition →		(3.56%)	(3.90%)	(3.33%)	(11.07%)
ROIC Full definition →		4.04%	1.29%	1.93%	(7.28%)
Return on Tangible Assets Full definition →		(25.86%)	(27.60%)	(23.63%)	(68.76%)
Average Days of Receivables Full definition →		49.91	51.16	49.45	54.44
Free Cash Flow per Share Full definition →		0.65	0.57	1.31	1.58
Free Cash Flow Full definition →		20.29	17.47	41.29	51.48
Capital Expenditures Full definition →		(23.58)	(26.91)	(21.21)	(19.36)
Other line items
Cash ROIC Full definition →		0.98%	0.88%	2.09%	2.98%
Accounts Receivable Turnover Full definition →		7.09	7.42	7.35	7.08
Accounts Payable Turnover Full definition →		8.97	11.12	11.56	10.93
Inventory Turnover Full definition →		0.00	0.00	0.00	0.00
Average Days of Payables Full definition →		36.02	35.14	30.44	33.90
Days of Inventory on Hand Full definition →		0.00	0.00	0.00	0.00
Tax Rate Full definition →		1.00	(0.04)	(0.16)	(0.02)
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 →		24.52%	23.83%	23.00%	21.82%
Share Based Compensation of Revenue Full definition →		0.53%	0.54%	0.57%	0.39%
Interest Coverage Full definition →		0.63	0.20	0.29	(0.95)
Operating CF/Net income Full definition →		(0.42)	(0.41)	(0.68)	(0.25)
Depreciation/Fixed assets Full definition →		0.23	0.51	0.54	1.45
Capex/Depreciation Full definition →		(0.33)	(0.18)	(0.14)	(0.05)
Revenue per Share Full definition →		80.61	81.23	78.28	77.52
Operating CF per Share Full definition →		1.42	1.44	1.99	2.18
Capex per Share Full definition →		(0.76)	(0.88)	(0.67)	(0.60)
Capex to Sales Full definition →		0.01	0.01	0.01	0.01

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Columns are period end dates

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