Forward Air Corporation (FWRD)
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No price history available.
Key financial summary
Financials in USD| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Total revenue | $m | 1,270 | 1,387 | 1,680 | 1,371 | 2,474 | 2,495 | 2,518 | 2,572 |
| Operating profit | $m | 36 | -169 | ||||||
| Net profit | $m | 24 | 106 | 193 | 167 | -817 | -108 | -286 | -25 |
| EPS reported | $ | -3.48 | -8.92 | ||||||
| Operating cashflow per share | $ | 1.43 | 2.18 | ||||||
| Capex per share | $ | 0.94 | 0.70 | ||||||
| FCF per share | $ | 0.49 | 1.48 | ||||||
| Free cash flow | $m | 15 | 48 | ||||||
| Net debt | $m | 1,704 | 1,554 | ||||||
| Book value equity | $m | 113 | -115 | ||||||
| Book value per share | $ | 3.66 | -3.55 | ||||||
| Number of shares | m | 30.97 | 32.48 | ||||||
| DPS (TTM paid) | $ | 0.00 | 0.00 |
Financial summary
Financials in USD| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Value | |||||||||
| P/E TTM | x | - | - | ||||||
| P/B LTM | x | 6.83 | -6.71 | ||||||
| P/S LTM | x | 0.31 | 0.31 | ||||||
| P/FCF LTM | x | 50.71 | 16.06 | ||||||
| EV/EBITDA LTM | x | 15.19 | -26.27 | ||||||
| EV/Sales LTM | x | 1.13 | 1.02 | ||||||
| Earnings Yield LTM | % | -13.92% | -46.47% | ||||||
| FCF Yield | % | +1.97% | +6.23% | ||||||
| Quality | |||||||||
| ROE | % | -95.11% | -523.45% | ||||||
| ROIC | % | +1.44% | -7.91% | ||||||
| Operating margin | % | +1.46% | -6.70% | ||||||
| Gross margin | % | +20.48% | +10.64% | ||||||
| FCF/Sales | % | +0.61% | +1.91% | ||||||
| Growth and momentum | |||||||||
| EPS Growth YoY | % | - | - | ||||||
| Sales Growth YoY | % | +0.84% | +1.77% | ||||||
| Net Income Growth YoY | % | - | - | ||||||
| FCF Growth | % | - | - | ||||||
| Operating Profit Growth | % | - | - | ||||||
| Dividend and capital structure | |||||||||
| Dividend Yield | % | 0.00% | 0.00% | ||||||
| Dividend Growth | % | - | - | ||||||
| Payout Ratio | % | 0.00% | 0.00% | ||||||
| FCF/Debt | x | 0.01 | 0.02 | ||||||
| Net Debt/EBITDA | x | 11.03 | -18.30 | ||||||
| EBIT/Net interest | x | 0.20 | -1.87 | ||||||
| Net debt/market cap | % | +2.34% | +2.82% | ||||||
| Net debt/Equity | x | 15.04 | -13.46 | ||||||
| Gross debt/equity | x | 19.05 | -18.28 | ||||||
Price target estimates
Based on consensus from external analysts. Not Kvantra's opinion.
Ratings
Based on consensus from external analysts. Not Kvantra's opinion.
ESG
| Metric | 2024 | 2025 | 2026 |
|---|---|---|---|
| ESG-score | |||
| Environmental score | |||
| Social score | |||
| Governance score | |||
| Risk rating |
Company overview
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.
Similar companies
For informational purposes only. Kvantra provides data and quantitative analysis, not investment advice. KvantraRank is a mechanical model output. Analyst price targets and ratings are sourced from third parties and are not Kvantra recommendations. Past performance does not guarantee future results; all investments carry risk.
No price history available.
Consensus from external analysts. Not Kvantra's opinion.
Based on consensus from external analysts. Not Kvantra's opinion.
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.
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