Forward Air Corporation (FWRD)
| Market Cap | 470.26M |
| Revenue (ttm) | 2.46B |
| Net Income (ttm) | -91.48M |
| Shares Out | 31.63M |
| EPS (ttm) | -2.95 |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 2,103,706 |
| Open | 14.34 |
| Previous Close | 14.29 |
| Day's Range | 14.13 - 15.00 |
| 52-Week Range | 7.86 - 32.47 |
| Beta | 1.42 |
| Analysts | Buy |
| Price Target | 18.33 (+23.27%) |
| Earnings Date | Aug 10, 2026 |
About FWRD
Forward Air Corporation, together with its subsidiaries, operates as an asset-light freight and logistics company in the United States, Mexico, Europe, Asia, and Canada. The company operates through three segments: Expedited Freight, Omni Logistics, and Intermodal. Its 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 shipment consolidation and deconsolidation, warehousing, customs brokerage, and other handling.... [Read more]
Financial Performance
In 2025, Forward Air's revenue was $2.50 billion, an increase of 0.84% compared to the previous year's $2.47 billion. Losses were -$107.80 million, -87.22% less than in 2024.
Financial StatementsAnalyst Forecast
According to 6 analysts, the average rating for FWRD stock is "Buy." The 12-month stock price target is $18.33, which is an increase of 23.27% from the latest price.
News
Forward Air could be ‘complementary fit’ for Amazon’s LTL offering, FW reports
Amazon’s (AMZN) newly launched national LTL network provides a strong economy-tier freight platform, but acquiring Forward Air (FWRD) could quickly add a premium expedited offering, leveraging Forward...
Forward Air Corporation Shareholders Are Encouraged to Reach Out to Johnson Fistel for More Information About Potentially Recovering Their Losses
SAN DIEGO, May 08, 2026 (GLOBE NEWSWIRE) -- Johnson Fistel, PLLP is investigating potential claims on behalf of investors of Forward Air Corporation (NASDAQ: FWRD). The investigation focuses on Forwar...
Forward Air price target lowered to $18 from $42 at Susquehanna
Susquehanna lowered the firm’s price target on Forward Air (FWRD) to $18 from $42 and keeps a Positive rating on the shares. The firm updated its model following its announcement…
Forward Air price target lowered to $17 from $30 at Stifel
Stifel lowered the firm’s price target on Forward Air (FWRD) to $17 from $30 and keeps a Buy rating on the shares.
Forward Air reports Q1 EPS ($1.09), consensus (37c)
Reports Q1 revenue $582.0M, consensus $620.2M. The company states: “While no formal notices of termination have been delivered, the Company is currently in active discussions with one of its largest…
Forward Air down 46% at $9.30 after Q1 results
16:37 EDT Forward Air (FWRD) down 46% at $9.30 after Q1 results
Forward Air Earnings Call Transcript: Q1 2026
Q1 2026 saw operating income rise to $20M and adjusted EBITDA to $70M, with strong liquidity of $402M. Management is addressing a major customer transition expected to impact 2027 and is divesting non-core assets totaling $394M in revenue.
Forward Air Earnings release: Q1 2026
Forward Air released its Q1 2026 earnings on May 7, 2026, summarizing the period's financial results.
Forward Air Slides: Q1 2026
Forward Air has posted slides in relation to its Q1 2026 quarterly earnings report, which was published on May 7, 2026.
Forward Air Quarterly report: Q1 2026
Forward Air has published its Q1 2026 quarterly earnings report on May 7, 2026.
Forward Air Corporation Reports First Quarter 2026 Results
DALLAS--(BUSINESS WIRE)--Forward Air Corporation (NASDAQ:FWRD) (the “Company”, “Forward”, “we”, “our”, or “us”) today reported financial results for the three months ended March 31, 2026, as presented...
Forward Air Awarded on USA TODAY's America's Climate Leaders 2026 List
DALLAS--(BUSINESS WIRE)--Forward Air Corporation (NASDAQ: FWRD) (“Forward” or the “Company”) today announced it has been named on USA TODAY's list of America's Climate Leaders 2026. Presented by USA T...
Forward Air Proxy statement: Proxy filing
Forward Air filed a proxy statement on April 29, 2026, providing details for shareholder voting and corporate governance matters.
Forward Air Proxy statement: Proxy filing
Forward Air filed a proxy statement on April 29, 2026, providing details for shareholder voting and corporate governance matters.
Forward Air Corporation Announces Timing of First Quarter 2026 Earnings Release and Conference Call
DALLAS--(BUSINESS WIRE)--Forward Air Corporation (NASDAQ: FWRD) (“Forward” or the “Company”) will release its first quarter 2026 earnings after the market closes on Thursday, May 7, 2026, and hold a c...
Forward Air price target lowered to $30 from $31 at Stifel
Stifel analyst J. Bruce Chan lowered the firm’s price target on Forward Air (FWRD) to $30 from $31 and keeps a Buy rating on the shares. The firm expects overall…
Forward Air Named to Newsweek's List of Most Trustworthy Companies in America 2026
DALLAS--(BUSINESS WIRE)--Forward Air Corporation (NASDAQ: FWRD) (“Forward” or the “Company”) today announced it has been named to Newsweek's list of the Most Trustworthy Companies in America 2026. The...
Forward Air and Omni Logistics Leaders Recognized as 2026 Pros to Know by Supply & Demand Chain Executive
DALLAS--(BUSINESS WIRE)--Forward Air Corporation (NASDAQ: FWRD) (“Forward” or the “Company”) today announced that four leaders have been named recipients of the 2026 Pros to Know award by Supply & Dem...
Forward Air Named 2026 Surface Carrier of the Year by the Airforwarders Association
DALLAS--(BUSINESS WIRE)--Forward Air Corporation (NASDAQ: FWRD) (“Forward Air” or the “Company”) today announced that the Company has been named the 2026 Surface Carrier of the Year by the Airforwarde...
Forward Air price target lowered to $42 from $45 at Susquehanna
Susquehanna analyst Bascome Majors lowered the firm’s price target on Forward Air (FWRD) to $42 from $45 and keeps a Positive rating on the shares. The firm said the company’s…
Forward Air Earnings Call Transcript: Q4 2025
Delivered stable EBITDA and improved adjusted EBITDA in 2025 despite a multi-year freight recession, with strong cost control, operational transformation, and segment margin gains. Positioned for long-term growth as market conditions improve, with robust liquidity and no near-term debt maturities.
Forward Air Annual report: Q4 2025
Forward Air has published its Q4 2025 annual report on February 23, 2026.
Forward Air Earnings release: Q4 2025
Forward Air released its Q4 2025 earnings on February 23, 2026, summarizing the period's financial results.
Forward Air Slides: Q4 2025
Forward Air has posted slides in relation to its Q4 2025 quarterly earnings report, which was published on February 23, 2026.
Forward Air reports Q4 EPS (91c), consensus (26c)
Reports Q4 revenue $631.23M, consensus $628.2M. “We delivered solid results in 2025 despite less than favorable freight market conditions,” said Shawn Stewart, President & Chief Executive Officer. “Fo...