FWRD - NASDAQ
Forward Air Corporation
$10.20
-5.2%Forward Air Corporation, together with its subsidiaries, operates as an asset-light freight and logistics company in the United States and Canada. It operates in two segments, Expedited Freight and Intermodal. The Expedited Freight segment provides expedited regional, inter-regional, and national less-than-truckload services; local pick-up and delivery services; and other services, which include final mile, truckload, shipment consolidation and deconsolidation, warehousing, customs brokerage, and other handling. This segment also offers expedited truckload brokerage, dedicated fleet, and high security and temperature-controlled logistics services. The Intermodal segment provides intermodal container drayage services; and contract, and container freight station warehouse and handling services. It serves freight forwarders, third-party logistics companies, integrated air cargo carriers and passenger, passenger and cargo airlines, steamship lines, and retailers. Forward Air Corporation was founded in 1981 and is headquartered in Greeneville, Tennessee.
At a Glance
Live SnapshotForward Air Corporation Profit Bridge
Profitability Analysis
Gross Margin
Moderate margins typical of competitive industries. Monitor for pricing pressure or rising costs.
Operating Margin
Minimal operating profit suggests high operating costs or pricing challenges. Scalability is concerning.
Net Profit Margin
Net losses indicate the company is burning cash. Sustainability depends on path to profitability.
Profitability Insight
Non-operating losses: Core business is profitable but other expenses (interest, taxes, one-time items) are driving net losses. Review capital structure and non-operating items.
Forward Air Corporation Income Statement
FWRD • NASDAQ
| Forward Air Corporation Income Statement | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | Dec 2008 | Dec 2007 | Dec 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
REVENUE | ||||||||||||||||||||
2.5B | 2.5B | 1.4B | 1.7B | 1.4B | 1.3B | 1.2B | 1.3B | 1.1B | 982.5M | 959.1M | 781M | 652.5M | 584.4M | 536.4M | 483.9M | 417.4M | 474.4M | 392.7M | 352.8M | |
GROSS PROFIT | ||||||||||||||||||||
(2B) | (2.1B) | (1B) | (1.2B) | (1.1B) | (1B) | (961.4M) | (1.1B) | (864.3M) | (767.3M) | (768.7M) | (602M) | (504.8M) | (446.8M) | (269M) | (175.2M) | (144.7M) | (181M) | (222.1M) | (194M) | |
510.9M | 339.7M | 330.2M | 491.7M | 314M | 229.1M | 253.8M | 266M | 236.5M | 215.2M | 190.4M | 179M | 147.7M | 137.7M | 267.4M | 308.8M | 272.7M | 293.5M | 170.7M | 158.8M | |
OPERATING INCOME | ||||||||||||||||||||
(474.5M) | (1.4B) | (241.9M) | (244.1M) | (166.9M) | (155.2M) | (141.4M) | (144M) | (127.8M) | (112.8M) | (108.6M) | (82.6M) | (63.3M) | (54.1M) | (190.3M) | (185.7M) | (172.7M) | (207M) | (329.4M) | (283.3M) | |
(0.0) | (64.7M) | (50.1M) | (47.5M) | (39.4M) | (34.9M) | (38.7M) | (35.2M) | (29.6M) | (25.4M) | (21.5M) | (15.7M) | (12.6M) | (11.3M) | (130.7M) | (129.1M) | (118.6M) | (124.6M) | (96.5M) | (86.4M) | |
(0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (2.1M) | (0.0) | (1.8M) | (1.8M) | (1.7M) | (1.5M) | (1.5M) | (1.2M) | (1.1M) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | |
36.4M | -1.1B | 88.2M | 247.6M | 147M | 73.9M | 112.4M | 122M | 108.7M | 60M | 81.8M | 96.4M | 84.4M | 83.5M | 77.1M | 53.7M | 18.8M | 70.3M | 71M | 75.4M | |
PRE-TAX INCOME | ||||||||||||||||||||
(180.7M) | (189.2M) | (31.6M) | (5.1M) | (4.3M) | (4.6M) | (2.7M) | (1.8M) | (1.2M) | (1.6M) | (2M) | (610K) | (532K) | (391K) | (619K) | (730K) | (670K) | (1.2M) | (491K) | (0.0) | |
-180.7M | -189.2M | -31.6M | -5.1M | -4.3M | -4.6M | -2.7M | -1.8M | -1.2M | -1.6M | -2M | -610K | -532K | -391K | -619K | -730K | -670K | -1.2M | -491K | 0.0 | |
(474.5M) | (1.3B) | (191.8M) | (196.6M) | (127.5M) | (118.2M) | (102.7M) | -2K | -11K | (4K) | -58K | (289K) | (99K) | (14K) | (59.7M) | (56.6M) | (54.1M) | (0.0) | (321.7M) | (196.9M) | |
-183.6M | -186.9M | -31.6M | -5.1M | -4.3M | -4.6M | -2.7M | -1.8M | -1.2M | -1.3M | -2.1M | -321K | -433K | -377K | -545K | -640K | -601K | -874K | 1.3M | 3.1M | |
-147.2M | -1.2B | 56.6M | 242.5M | 142.7M | 69.4M | 109.7M | 120.2M | 107.5M | 58.4M | 79.7M | 96.1M | 83.9M | 83.2M | 76.6M | 53.1M | 18.2M | 69.4M | 72.3M | 78.5M | |
NET INCOME | ||||||||||||||||||||
-5.5M | -125M | (13.8M) | (63M) | (35.8M) | (16.6M) | (27.4M) | (28.2M) | (20.1M) | (30.7M) | (24.1M) | (34.9M) | (29.5M) | (30.5M) | (29.4M) | (21.1M) | (8.2M) | (26.9M) | (27.4M) | (29.6M) | |
-107.8M | -817M | 167.4M | 193.2M | 105.9M | 23.7M | 87.1M | 92.1M | 87.3M | 27.7M | 55.6M | 61.2M | 54.5M | 52.7M | 47.2M | 32M | 9.9M | 42.5M | 44.9M | 48.9M |
SEC Filings
FWRD - Filing history and reports
| Filing Type | Filing Date | Period Ending | Fiscal Year | Actions |
|---|---|---|---|---|
10-Q 10-Q 2026 Q1 Q1 | May 11, 2026 | March 31, 2026 | 2026 | |
8-K 8-K 2026 N/A | May 07, 2026 | May 07, 2026 | 2026 | |
8-K 8-K 2026 N/A | April 29, 2026 | April 24, 2026 | 2026 | |
DEF 14A DEF 14A 2026 N/A | April 29, 2026 | June 17, 2026 | 2026 | |
10-K 10-K 2025 FY FY | March 11, 2026 | December 31, 2025 | 2025 | |
8-K 8-K 2026 N/A | February 23, 2026 | February 23, 2026 | 2026 | |
8-K 8-K 2025 N/A | November 05, 2025 | November 05, 2025 | 2025 | |
10-Q 10-Q 2025 Q3 Q3 | November 05, 2025 | September 30, 2025 | 2025 | |
8-K 8-K 2025 N/A | October 15, 2025 | October 10, 2025 | 2025 | |
8-K 8-K 2025 N/A | September 02, 2025 | August 29, 2025 | 2025 |
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