FORWARD AIR CORP financial data

Symbol
FWRD on Nasdaq
Location
Dallas, TX
Fiscal year end
31 December
Latest financial report
10-Q - Q3 2025 - 05 Nov 2025

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 119% % -8.9%
Return On Equity -50% % 48%
Return On Assets -4.2% % 80%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 31,248,234 shares 7.9%
Common Stock, Shares, Outstanding 31,204,897 shares 8.8%
Entity Public Float $527,386,885 USD -73%
Common Stock, Value, Issued $312,000 USD 8.7%
Weighted Average Number of Shares Outstanding, Basic 30,972,000 shares 11%
Weighted Average Number of Shares Outstanding, Diluted 30,972,000 shares 11%

Income Statement

Label TTM Value / Value Unit Change %
Revenue from Contract with Customer, Excluding Assessed Tax $2,496,734,000 USD 15%
Costs and Expenses $2,381,588,000 USD -28%
Operating Income (Loss) $115,146,000 USD -34%
Nonoperating Income (Expense) $185,612,000 USD -11%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest $70,466,000 USD 95%
Income Tax Expense (Benefit) $70,224,000 USD -70%
Net Income (Loss) Attributable to Parent $115,886,000 USD 83%
Earnings Per Share, Basic -3 USD/shares 85%
Earnings Per Share, Diluted -3 USD/shares 85%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value $140,354,000 USD 2.7%
Accounts Receivable, after Allowance for Credit Loss, Current $341,414,000 USD -5.4%
Other Assets, Current $39,890,000 USD 206%
Assets, Current $552,488,000 USD 1.4%
Operating Lease, Right-of-Use Asset $411,562,000 USD 16%
Intangible Assets, Net (Excluding Goodwill) $929,894,000 USD -10%
Goodwill $522,712,000 USD -27%
Other Assets, Noncurrent $67,712,000 USD
Assets $2,794,198,000 USD -8.6%
Accounts Payable, Current $124,835,000 USD -21%
Employee-related Liabilities, Current $54,313,000 USD 256%
Accrued Liabilities, Current $146,785,000 USD 8.3%
Contract with Customer, Liability, Current $9,899,000 USD
Liabilities, Current $460,041,000 USD 2.5%
Deferred Income Tax Liabilities, Net $37,444,000 USD -82%
Operating Lease, Liability, Noncurrent $327,938,000 USD 19%
Other Liabilities, Noncurrent $48,396,000 USD 14%
Accumulated Other Comprehensive Income (Loss), Net of Tax $2,124,000 USD
Retained Earnings (Accumulated Deficit) $418,753,000 USD -39%
Stockholders' Equity Attributable to Parent $139,784,000 USD -38%
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest $195,842,000 USD -42%
Liabilities and Equity $2,794,198,000 USD -8.6%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities $27,615,000 USD
Net Cash Provided by (Used in) Financing Activities $5,325,000 USD 97%
Net Cash Provided by (Used in) Investing Activities $11,239,000 USD 99%
Common Stock, Shares Authorized 50,699,707 shares 1.4%
Common Stock, Shares, Issued 31,204,897 shares 8.8%
Common Stock, Par or Stated Value Per Share 0.01 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect $11,408,000 USD
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $140,354,000 USD 1.6%
Deferred Tax Assets, Valuation Allowance $72,508,000 USD 18256%
Deferred Tax Assets, Gross $77,236,000 USD 25%
Operating Lease, Liability $422,080,000 USD 264%
Payments to Acquire Property, Plant, and Equipment $11,906,000 USD 140%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent $112,938,000 USD 83%
Lessee, Operating Lease, Liability, to be Paid $501,789,000 USD 282%
Operating Lease, Liability, Current $101,418,000 USD 13%
Lessee, Operating Lease, Liability, to be Paid, Year Two $102,130,000 USD 197%
Lessee, Operating Lease, Liability, to be Paid, Year One $120,844,000 USD 146%
Operating Lease, Weighted Average Discount Rate, Percent 0.06 pure 88%
Deferred Income Tax Expense (Benefit) $2,792,000 USD -195%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount $79,709,000 USD 413%
Lessee, Operating Lease, Liability, to be Paid, Year Three $78,133,000 USD 237%
Deferred Tax Assets, Operating Loss Carryforwards $12,617,000 USD 1890%
Preferred Stock, Shares Issued 0 shares
Preferred Stock, Shares Authorized 5,000,000 shares
Unrecognized Tax Benefits $2,470,000 USD 1514%
Lessee, Operating Lease, Liability, to be Paid, Year Four $64,976,000 USD 425%
Additional Paid in Capital $556,101,000 USD 5.3%
Preferred Stock, Shares Outstanding 0 shares
Amortization of Intangible Assets $29,687,000 USD 136%
Depreciation, Depletion and Amortization $149,574,000 USD 21%
Deferred Tax Assets, Net of Valuation Allowance $4,728,000 USD -92%
Share-based Payment Arrangement, Expense $9,001,000 USD -13%
Interest Expense $69,969,000 USD 943%
Preferred Stock, Par or Stated Value Per Share 0.01 USD/shares