
FORWARD AIR CORP
FWRDNASDAQTrading 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
- โHigh-growth profile โ revenue up +59.2% YoY with expanding US Equity exposure.
- โHealthy economics โ 28% gross margin and 20% free-cash-flow margin.
- โNew products and segments could unlock additional revenue streams.
Execution delays, intensifying competition, and valuation compression if growth decelerates.
Financial Trends
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.
Otter Score Breakdown
โAnalyst Ratings
โLatest News & Updates
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.

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.

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

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.

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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.