FWRD logo

FORWARD AIR CORP

FWRDNASDAQ
๐Ÿ† #2600 by market capEarnings Nov 3US Equity
$19.15โ–ฒ $0.57 (+2.96%)
Live
1hโ–ฒ 1.5%
24hโ–ฒ 3.0%
7dโ–ฒ 24.2%
14dโ–ฒ 31.0%
30dโ–ฒ 49.6%
1yโ–ผ 34.2%
๐ŸฆMarket Cap
$606M
Small Cap
๐Ÿ“ˆRevenue Growth (YoY)
-3.2%
Declining
๐Ÿ“ŠGross Margin
41.2%
Healthy
๐Ÿ’ตFCF Margin
3.5%
Moderate
โš–๏ธP/S Ratio
0.3x
Cheap
Otter Score
42
Weak

Trading Snapshot

Day Range
$18.94 โ€“ $19.34
52-Week Range
$7.86 โ€“ $32.00
Volume
$2.11B
Avg Volume
$2.23B
Shares Outstanding
31.6M
Next Earnings
Sep 28, 2026

Fundamentals Snapshot

Annual Revenue
$2.50B
Last Q Revenue
$673M
P/E Ratio
โ€”
P/S Ratio
0.3x
EPS (TTM)
$-2.93
Dividend Yield
0.00%

Why Investors Own FWRD

  • โœ“High-growth profile โ€” revenue up +59.2% YoY with expanding US Equity exposure.
  • โœ“Healthy economics โ€” 28% gross margin and 20% free-cash-flow margin.
  • โœ“New products and segments could unlock additional revenue streams.
โš ๏ธ Key Risks

Execution delays, intensifying competition, and valuation compression if growth decelerates.

Financial Trends

Revenue (TTM)
$2.50Bโ–ฒ +66.4% YoY
Gross Margin (TTM)
27.8%โ–ฒ +1.9% YoY
Operating Income (TTM)
$594Mโ–ฒ +66.4% YoY
Free Cash Flow (TTM)
$502Mโ–ฒ +66.4% YoY

About FORWARD AIR CORP

Forward Air Corporation, including its various subsidiaries, functions as a streamlined transportation and logistics enterprise throughout the United States and Canada, operating with an asset-light model. The company's business is structured into two principal divisions: Expedited Freight and Intermodal. The Expedited Freight segment delivers time-sensitive regional, inter-regional, and national less-than-truckload (LTL) services, complemented by local collection and delivery capabilities. This comprehensive segment also extends to final-mile services, full truckload transport, cargo consolidation and deconsolidation, storage solutions, customs brokerage, and general freight handling. Furthermore, it encompasses expedited truckload brokerage, dedicated fleet operations, and specialized logistics for high-security or temperature-sensitive goods. The Intermodal segment primarily focuses on drayage services for intermodal containers. It also provides contract warehousing as well as container freight station (CFS) warehousing and related handling services. Forward Air caters to a diverse customer base, which includes freight forwarders, third-party logistics (3PL) providers, integrated air cargo companies, both passenger and cargo airlines, ocean carriers, and retailers. Founded in 1981, Forward Air Corporation is based in Greeneville, Tennessee.

๐Ÿฆฆ

Otter Score Breakdown

โ“˜
๐Ÿ’ŽQualityโ˜…โ˜…โ˜…โ˜…โ˜…
๐Ÿš€Growthโ˜…โ˜…โ˜…โ˜…โ˜…
โš–๏ธValuationโ˜…โ˜…โ˜…โ˜…โ˜…
โšกMomentumโ˜…โ˜…โ˜…โ˜…โ˜…
Overall Score
Weak
42/100

Analyst Ratings

โ“˜
Consensus
Buy
11 analysts
Strong Buy3
Buy4
Hold4
Sell0
Strong Sell0
Ratings as of Aug 2026

Latest News & Updates

๐Ÿš€
Benzingaยท6d ago

Stifel Maintains Buy on Forward Air, Raises Price Target to $27

Stifel analyst J. Bruce Chan maintains Forward Air (NASDAQ:FWRD) with a Buy and raises the price target from $19 to $27.

Yahooยท6d ago

Forward Air Corp (FWRD) (Q2 2026) Earnings Call Highlights: Record Revenue and Strategic Wins ...

Forward Air Corp (FWRD) posts best-ever quarterly revenue of $673 million, but a $244 million goodwill impairment clouds strong operational performance.

Yahooยท6d ago

Forward Air Q2 Earnings Call Highlights

Forward Air (NASDAQ:FWRD) reported record quarterly operating revenue and its strongest consolidated EBITDA performance in more than two years during the second quarter of 2026, as its Expedited Freight, Omni Logistics and Intermodal operations improved. Operating revenue rose to $673 million from

Yahooยท6d ago

Forward Air takes step in right direction in Q2

Forward Air reported its best quarterly performance since its early 2024 acquisition of Omni Logistics. The post Forward Air takes step in right direction in Q2 appeared first on FreightWaves.

ChartMillยท6d ago

Wondering what's happening in today's after-hours session?

Discover the top movers in Wednesday's after-hours session and stay informed about the post-market dynamics.

Yahooยท6d ago

Forward Air Corporation Reports Second Quarter 2026 Results

DALLAS, August 05, 2026--Forward Air Corporation (NASDAQ:FWRD) (the "Company," "Forward," "we," "our," or "us") today reported financial results for the three months ended June 30, 2026, as presented in the tables below.