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Forward Air Corporation FWRD
Industrials - Integrated Freight & Logistics - NASDAQ - US
Watchlist
$ 12.45
-5.11 %
$ 379 M
Market Cap
-0.41
P/E
1. INTRINSIC VALUE

This DCF valuation model was last updated on Apr, 8, 2025.

The intrinsic value of one FWRD stock under the worst case scenario is HIDDEN Compared to the current market price of 12.4 USD, Forward Air Corporation is HIDDEN

FWRD Intrinsic Value
HIDDEN
SHOW

This DCF valuation model was last updated on Apr, 8, 2025.

The intrinsic value of one FWRD stock under the base case scenario is HIDDEN Compared to the current market price of 12.4 USD, Forward Air Corporation is HIDDEN

FWRD Intrinsic Value
HIDDEN
SHOW

This DCF valuation model was last updated on Apr, 8, 2025.

The intrinsic value of one FWRD stock under the best case scenario is HIDDEN Compared to the current market price of 12.4 USD, Forward Air Corporation is HIDDEN

FWRD Intrinsic Value
HIDDEN
SHOW
2. FUNDAMENTAL ANALYSIS

Price Chart FWRD

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1M -71%
6M -223%
1Y -91%
3Y -632%
5Y -271%
All
$45.0$45.0$40.0$40.0$35.0$35.0$30.0$30.0$25.0$25.0$20.0$20.0$15.0$15.0$10.0$10.015 Oct15 OctNov '24Nov '2415 Nov15 NovDec '24Dec '2415 Dec15 DecJan '25Jan '2515 Jan15 JanFeb '25Feb '2515 Feb15 FebMar '25Mar '2515 Mar15 MarApr '25Apr '25
FINANCIALS
2.47 B REVENUE
80.51%
Growth Rates
1Year 80.51%
3Years 14.17%
5Years 11.90%
7Years 12.27%
10Years 12.22%
-1.06 B OPERATING INCOME
-1205.01%
Growth Rates
1Year -1205.01%
3Years -97.23%
5Years -58.32%
7Years -40.45%
10Years -28.24%
-1.12 B NET INCOME
-2627.95%
Growth Rates
1Year -2627.95%
3Years -120.28%
5Years -69.31%
7Years -45.61%
10Years -34.51%
-75.4 M OPERATING CASH FLOW
-41.57%
Growth Rates
1Year -41.57%
3Years -17.61%
5Years -7.97%
7Years -8.14%
10Years -6.19%
-1.61 B INVESTING CASH FLOW
-920.04%
Growth Rates
1Year -920.04%
3Years -163.11%
5Years -89.19%
7Years -60.28%
10Years -28.83%
-164 M FINANCING CASH FLOW
-10.57%
Growth Rates
1Year -10.57%
3Years -67.46%
5Years -23.94%
7Years -18.89%
10Years -12.63%
633 M REVENUE
-3.52%
Growth Rates
1Year 80.51%
3Years 14.17%
5Years 11.90%
7Years 12.27%
10Years 12.22%
75.9 M OPERATING INCOME
234.21%
Growth Rates
1Year -1205.01%
3Years -97.23%
5Years -58.32%
7Years -40.45%
10Years -28.24%
-35.4 M NET INCOME
90.86%
Growth Rates
1Year -2627.95%
3Years -120.28%
5Years -69.31%
7Years -45.61%
10Years -34.51%
-23.6 M OPERATING CASH FLOW
-20.25%
Growth Rates
1Year -41.57%
3Years -17.61%
5Years -7.97%
7Years -8.14%
10Years -6.19%
-15.7 M INVESTING CASH FLOW
-65.84%
Growth Rates
1Year -920.04%
3Years -163.11%
5Years -89.19%
7Years -60.28%
10Years -28.83%
5.56 M FINANCING CASH FLOW
186.41%
Growth Rates
1Year -10.57%
3Years -67.46%
5Years -23.94%
7Years -18.89%
10Years -12.63%
Balance Sheet Forward Air Corporation
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Current Assets 472 M
Cash & Short-Term Investments 105 M
Receivables 322 M
Other Current Assets 45.1 M
Non-Current Assets 2.33 B
Long-Term Investments 0
PP&E 736 M
Other Non-Current Assets 1.59 B
3.74 %11.51 %26.27 %56.87 %Total Assets$2.8b
Current Liabilities 384 M
Accounts Payable 106 M
Short-Term Debt 113 M
Other Current Liabilities 165 M
Non-Current Liabilities 2.13 B
Long-Term Debt 356 M
Other Non-Current Liabilities 1.78 B
4.20 %4.50 %6.56 %14.16 %70.58 %Total Liabilities$2.5b
EFFICIENCY
Earnings Waterfall Forward Air Corporation
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Revenue 2.47 B
Cost Of Revenue 2.13 B
Gross Profit 340 M
Operating Expenses 1.4 B
Operating Income -1.06 B
Other Expenses 61.9 M
Net Income -1.12 B
3b3b2b2b2b2b1b1b500m500m00(500m)(500m)(1b)(1b)(1b)(1b)2b(2b)340m(1b)(1b)(62m)(1b)RevenueRevenueCost Of RevenueCost Of RevenueGross ProfitGross ProfitOperating ExpensesOperating ExpensesOperating IncomeOperating IncomeOther ExpensesOther ExpensesNet IncomeNet Income
RATIOS
13.73% GROSS MARGIN
13.73%
Averages
1Year 13.73%
3Years 21.84%
5Years 21.11%
7Years 20.87%
10Years 20.93%
-42.96% OPERATING MARGIN
-42.96%
Averages
1Year -42.96%
3Years -7.68%
5Years -1.53%
7Years 1.43%
10Years 3.45%
-33.02% NET MARGIN
-33.02%
Averages
1Year -33.02%
3Years -3.67%
5Years -0.10%
7Years 1.81%
10Years 2.92%
-404.99% ROE
-404.99%
Averages
1Year -404.99%
3Years -118.59%
5Years -65.66%
7Years -42.37%
10Years -26.38%
-29.15% ROA
-29.15%
Averages
1Year -29.15%
3Years -2.51%
5Years 1.39%
7Years 3.98%
10Years 5.28%
-37.78% ROIC
-37.78%
Averages
1Year -37.78%
3Years -5.78%
5Years -0.04%
7Years 3.35%
10Years 5.11%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Forward Air Corporation
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250m250m200m200m150m150m100m100m50m50m00(50m)(50m)(100m)(100m)(150m)(150m)20162016201720172018201820192019202020202021202120222022202320232024202420252025
Net Income -1.12 B
Depreciation & Amortization 144 M
Capital Expenditures -37.1 M
Stock-Based Compensation 10.2 M
Change in Working Capital -11.8 M
Others 1.01 B
Free Cash Flow -112 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Forward Air Corporation
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Wall Street analysts predict an average 1-year price target for FWRD of $33.6 , with forecasts ranging from a low of $17 to a high of $47 .
FWRD Lowest Price Target Wall Street Target
17 USD 36.55%
FWRD Average Price Target Wall Street Target
33.6 USD 169.65%
FWRD Highest Price Target Wall Street Target
47 USD 277.51%
Price
Max Price Target
Min Price Target
Average Price Target
505045454040353530302525202015151010May '24May '24Jul '24Jul '24Aug '24Aug '24Oct '24Oct '24Nov '24Nov '2420252025Feb '25Feb '25Apr '25Apr '25Jun '25Jun '25Jul '25Jul '25Aug '25Aug '25Oct '25Oct '25Nov '25Nov '2520262026Feb '26Feb '26Apr '26Apr '26
4. DIVIDEND ANALYSIS
0.00% DIVIDEND YIELD
0.24 USD DIVIDEND PER SHARE
Q1
Q2
Q3
Q4
1.001.000.900.900.800.800.700.700.600.600.500.500.400.400.300.300.200.200.100.100.000.000.120.120.150.150.180.180.210.240.240.120.120.150.150.180.180.210.240.240.120.120.150.150.180.180.210.240.240.120.480.150.510.150.600.180.630.180.720.210.750.210.840.240.960.240.96201520152016201620172017201820182019201920202020202120212022202220232023
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5. COMPETITION
slide 2 of 5
6. Ownership
Insider Ownership Forward Air Corporation
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Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
7. News
Why Transportation Stocks Are Falling Today A comprehensive overhaul of U.S. trade policy, including the introduction of broad tariffs on most of the world, is roiling markets on Thursday. Among the hardest-hit sectors are transportation companies, including Union Pacific (UNP -4.01%), Forward Air (FWRD -21.36%), and Zim Integrated Shipping Services (ZIM -14.32%), all losing ground. fool.com - 2 weeks ago
Why Forward Air Stock Dropped on Thursday "Asset-light" transportation services provider Forward Air (FWRD -9.53%) stock came in light on earnings last night, and its stock is suffering -- down 6.8% through 10:05 a.m. ET Thursday morning. fool.com - 1 month ago
Forward Air Corporation (FWRD) Q4 2024 Earnings Call Transcript Forward Air Corporation (NASDAQ:FWRD ) Q4 2024 Earnings Conference Call February 26, 2025 4:30 PM ET Company Participants Tony Carreno - SVP, Treasury & IR Shawn Stewart - CEO Jamie Pierson - CFO Conference Call Participants Andrew Cox - Stifel Bascome Majors - Susquehanna Joe Hafling - Jefferies Christopher Kuhn - Benchmark Company Operator Welcome to the Forward Air Fourth Quarter and Full Year 2024 Earnings Conference Call. At this time, all participants have been placed in a listen-only mode and the floor will be open for your questions following the presentation. seekingalpha.com - 1 month ago
3 Truck Stocks Worth Keeping An Eye On Despite Industry Pressure The Zacks Industry Rank for the Transportation-Truck industry paints a dull picture, mainly owing to the slowdown in freight demand. We believe stocks like ODFL, ARCB and FWRD are better positioned to escape industry challenges. zacks.com - 1 month ago
Why UPS, Forward Air, and FedEx Stocks All Tumbled Today After months of threatening to levy tariffs on imports from countries he blames for facilitating the flood of fentanyl into the U.S., on Saturday, President Donald Trump did just that. He announced the imposition of new 25% tariffs on imports to the U.S. from its top two trading partners, Mexico and Canada. fool.com - 2 months ago
Forward Air Corporation Announces Timing of Fourth Quarter and Full Year 2024 Earnings Release and Conference Call GREENEVILLE, Tenn.--(BUSINESS WIRE)--Forward Air Corporation (NASDAQ: FWRD) (“Forward” or the “Company”) will release its fourth quarter and full year 2024 earnings after the market closes on Wednesday, February 26, 2025, and hold a conference call to discuss those results at 4:30 p.m. ET. The Company's conference call will be available online on the Investor Relations portion of the Company's website at ir.forwardaircorp.com or by dialing (800) 445-7795, Access Code: FWRDQ424. A conference cal. businesswire.com - 2 months ago
Forward Air Releases 2024 Environmental, Social and Governance Report GREENEVILLE, Tenn.--(BUSINESS WIRE)--Forward Air Corporation (NASDAQ: FWRD) (“Forward”) announced today the release of its updated Environmental, Social and Governance (ESG) report, providing a detailed overview of its ESG commitments, goals and progress. The 2024 ESG report includes data that is aligned with the Sustainability Accounting Standards Board, Task Force on Climate-Related Financial Disclosures and Global Reporting Initiative guidance. The report and ESG website are accessible throu. businesswire.com - 4 months ago
Forward Air Raises $350,000 for Veterans at Annual Drive for Hope Golf Tournament GREENEVILLE, Tenn.--(BUSINESS WIRE)--Forward Air Corporation (NASDAQ: FWRD) (the “Company” or “Forward”) hosted the third annual Drive for Hope Golf Tournament November 11-12 at Chateau Elan Winery & Resort in Braselton, GA. Through its charitable platform, Operation Forward Freedom, the Company raised $350,000 to benefit Hope For The Warriors. Founded in 2006, Hope For The Warriors is a national nonprofit dedicated to restoring a foundation of stability, strength and community for post-9/1. businesswire.com - 4 months ago
Forward Air Announces New Chief Commercial Officer GREENEVILLE, Tenn.--(BUSINESS WIRE)--Forward Air Corporation (NASDAQ: FWRD) (the “Company” or “Forward”) today announced that Eric Brandt has joined the Company as Chief Commercial Officer to lead its strategic growth plan and business development efforts. Mr. Brandt brings a strong track record of driving profitable growth in the logistics space, holding leadership roles at Agility, Panalpina, Kraft Foods and most recently, CEVA Logistics, where he served as Executive Vice President of Busines. businesswire.com - 5 months ago
Forward Air Corporation (FWRD) Q3 2024 Earnings Call Transcript Forward Air Corporation (NASDAQ:FWRD ) Q3 2024 Earnings Conference Call November 4, 2024 4:30 PM ET Company Participants Tony Carreño - SVP, Treasury and IR Shawn Stewart - CEO Jamie Pierson - CFO Conference Call Participants Bruce Chan - Stifel Joe Hafling - Jefferies Scott Group - Wolfe Research Bascome Majors - Susquehanna Christopher Kuhn - Benchmark Company Operator Welcome to the Forward Air's Third Quarter 2024 Earnings Conference Call. At this time, all participants have been placed on a listen-only mode and the floor will be open for your questions following the presentation. seekingalpha.com - 5 months ago
Forward Air Corporation Announces Timing of Third Quarter 2024 Earnings Release and Conference Call GREENEVILLE, Tenn.--(BUSINESS WIRE)--Forward Air Corporation (NASDAQ: FWRD) (“Forward” or the “Company”) will release its third quarter 2024 earnings after the market closes on Monday, November 4, 2024, and hold a conference call to discuss those results at 4:30 p.m. ET. The Company's conference call will be available online on the Investor Relations portion of the Company's website at ir.forwardaircorp.com or by dialing (800) 225-9448, Access Code: FWRDQ324. A conference call replay will be av. businesswire.com - 5 months ago
Strength Seen in Forward Air (FWRD): Can Its 6.2% Jump Turn into More Strength? Forward Air (FWRD) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term. zacks.com - 6 months ago
8. Profile Summary

Forward Air Corporation FWRD

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COUNTRY US
INDUSTRY Integrated Freight & Logistics
MARKET CAP $ 379 M
Dividend Yield 0.00%
Description 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.
Contact Building N, Greeneville, TN, 37745 https://www.forwardaircorp.com
IPO Date Nov. 16, 1993
Employees 6319
Officers Mr. Joseph Michael Tomasello Chief Information Officer Mr. Eric Brandt Chief Commercial Officer Mr. Michael L. Hance J.D. Chief Legal Officer & Secretary Mr. Shawn Stewart Chief Executive Officer & Director Mr. Jamie G. Pierson Chief Financial Officer Mr. James R. Faught Chief Accounting Officer