Forward Air Corporation (FWRD)
NASDAQ: FWRD · Real-Time Price · USD
22.41
-0.44 (-1.93%)
At close: Apr 28, 2026, 4:00 PM EDT
22.40
-0.01 (-0.04%)
After-hours: Apr 28, 2026, 6:44 PM EDT
Forward Air Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Year | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | 2020 - 2016 |
|---|---|---|---|---|---|---|
Period Ending | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 | 2020 - 2016 |
| Revenue | 2,495 | 2,474 | 1,371 | 1,680 | 1,387 | Upgrade
|
| Revenue Growth (YoY) | 0.84% | 80.51% | -18.39% | 21.08% | 9.27% | Upgrade
|
| Cost of Revenue | 2,004 | 1,991 | 983.18 | 1,145 | 1,038 | Upgrade
|
| Gross Profit | 490.82 | 483.63 | 387.56 | 534.22 | 348.92 | Upgrade
|
| Selling, General & Admin | 58.97 | 64.68 | 50.13 | 47.48 | 39.41 | Upgrade
|
| Other Operating Expenses | 191.55 | 228.04 | 191.81 | 196.6 | 127.52 | Upgrade
|
| Operating Expenses | 403.15 | 436.7 | 299.35 | 286.63 | 201.9 | Upgrade
|
| Operating Income | 87.66 | 46.93 | 88.21 | 247.59 | 147.03 | Upgrade
|
| Interest Expense | -180.75 | -189.22 | -31.57 | -5.14 | -4.34 | Upgrade
|
| Currency Exchange Gain (Loss) | -5.89 | 1.09 | - | - | - | Upgrade
|
| Other Non Operating Income (Expenses) | 3.02 | 1.23 | - | - | - | Upgrade
|
| EBT Excluding Unusual Items | -95.96 | -139.97 | 56.64 | 242.45 | 142.69 | Upgrade
|
| Merger & Restructuring Charges | -31.47 | -81.47 | - | - | - | Upgrade
|
| Impairment of Goodwill | - | -1,028 | - | - | - | Upgrade
|
| Asset Writedown | -19.77 | - | - | - | - | Upgrade
|
| Pretax Income | -147.2 | -1,250 | 56.64 | 242.45 | 142.69 | Upgrade
|
| Income Tax Expense | -5.47 | -124.99 | 13.84 | 63.04 | 35.81 | Upgrade
|
| Earnings From Continuing Operations | -141.73 | -1,125 | 42.8 | 179.41 | 106.88 | Upgrade
|
| Earnings From Discontinued Operations | - | -6.39 | 124.55 | 13.78 | -1.02 | Upgrade
|
| Net Income to Company | -141.73 | -1,131 | 167.35 | 193.19 | 105.86 | Upgrade
|
| Minority Interest in Earnings | 33.93 | 314.26 | - | - | - | Upgrade
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| Net Income | -107.8 | -816.97 | 167.35 | 193.19 | 105.86 | Upgrade
|
| Preferred Dividends & Other Adjustments | - | 26.55 | 0.86 | 1.07 | 0.74 | Upgrade
|
| Net Income to Common | -107.8 | -843.52 | 166.49 | 192.12 | 105.12 | Upgrade
|
| Net Income Growth | - | - | -13.38% | 82.50% | 346.04% | Upgrade
|
| Shares Outstanding (Basic) | 31 | 28 | 26 | 27 | 27 | Upgrade
|
| Shares Outstanding (Diluted) | 31 | 28 | 26 | 27 | 27 | Upgrade
|
| Shares Change (YoY) | 11.54% | 5.91% | -3.43% | -1.34% | -1.46% | Upgrade
|
| EPS (Basic) | -3.51 | -30.63 | 6.43 | 7.17 | 3.87 | Upgrade
|
| EPS (Diluted) | -3.51 | -30.63 | 6.40 | 7.14 | 3.85 | Upgrade
|
| EPS Growth | - | - | -10.38% | 85.37% | 357.70% | Upgrade
|
| Free Cash Flow | 15.27 | -112.46 | 150.66 | 219.84 | 81.89 | Upgrade
|
| Free Cash Flow Per Share | 0.50 | -4.08 | 5.79 | 8.16 | 3.00 | Upgrade
|
| Dividend Per Share | - | - | 0.960 | 0.960 | 0.840 | Upgrade
|
| Dividend Growth | - | - | - | 14.29% | 12.00% | Upgrade
|
| Gross Margin | 19.67% | 19.55% | 28.27% | 31.80% | 25.15% | Upgrade
|
| Operating Margin | 3.51% | 1.90% | 6.44% | 14.74% | 10.60% | Upgrade
|
| Profit Margin | -4.32% | -34.09% | 12.15% | 11.44% | 7.58% | Upgrade
|
| Free Cash Flow Margin | 0.61% | -4.54% | 10.99% | 13.09% | 5.90% | Upgrade
|
| EBITDA | 240.3 | 190.91 | 145.62 | 287.59 | 179.6 | Upgrade
|
| EBITDA Margin | 9.63% | 7.72% | 10.62% | 17.12% | 12.95% | Upgrade
|
| D&A For EBITDA | 152.64 | 143.98 | 57.41 | 39.99 | 32.57 | Upgrade
|
| EBIT | 87.66 | 46.93 | 88.21 | 247.59 | 147.03 | Upgrade
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| EBIT Margin | 3.51% | 1.90% | 6.44% | 14.74% | 10.60% | Upgrade
|
| Effective Tax Rate | - | - | 24.43% | 26.00% | 25.09% | Upgrade
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Source: S&P Capital IQ. Standard template. Financial Sources.