Forward Financial Statements From 2010 to 2025

FWRD Stock  USD 30.79  0.24  0.77%   
Forward Air's financial statements offer valuable quarterly and annual insights to potential investors, highlighting the company's current and historical financial position, overall management performance, and changes in financial standing over time. Key fundamentals influencing Forward Air's valuation are provided below:
Gross Profit
504.4 M
Profit Margin
(0.32)
Market Capitalization
944 M
Enterprise Value Revenue
1.1707
Revenue
2.5 B
There are over one hundred nineteen available fundamental signals for Forward Air, which can be analyzed over time and compared to other ratios. Investors should ensure to verify all of Forward Air's prevailing performance against the performance from 2010 to 2025 to make sure the company is sustainable down the road. The current year's Market Cap is expected to grow to about 1.6 B. The current year's Enterprise Value is expected to grow to about 1.7 B

Forward Air Total Revenue

2.6 Billion

Check Forward Air financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Forward Air's main balance sheet or income statement drivers, such as Depreciation And Amortization of 151.2 M, Interest Expense of 198.7 M or Total Revenue of 2.6 B, as well as many indicators such as Price To Sales Ratio of 0.34, Dividend Yield of 0.032 or PTB Ratio of 4.41. Forward financial statements analysis is a perfect complement when working with Forward Air Valuation or Volatility modules.
  
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Check out the analysis of Forward Air Correlation against competitors.
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Forward Air Balance Sheet

Current ValueLast YearHistorical Average 10 Year Trend
Total Assets2.9 B2.8 B1.1 B
Slightly volatile
Short and Long Term Debt Total2.3 B2.1 B476.9 M
Slightly volatile
Other Current Liabilities256.2 M244 M63.2 M
Slightly volatile
Total Current Liabilities403.2 M384 M133.6 M
Slightly volatile
Total Stockholder Equity314.8 M201.7 M460.5 M
Slightly volatile
Property Plant And Equipment Net773.1 M736.3 M296 M
Slightly volatile
Accounts Payable111 M105.7 M36.9 M
Slightly volatile
Cash110.1 M104.9 M58.8 M
Slightly volatile
Non Current Assets Total2.4 B2.3 B870.5 M
Slightly volatile
Non Currrent Assets Other76.1 M71.9 M141.6 M
Slightly volatile
Cash And Short Term Investments110.1 M104.9 M58.8 M
Slightly volatile
Net Receivables338.6 M322.5 M150.4 M
Slightly volatile
Common Stock Shares Outstanding23.8 M27.5 M28.7 M
Slightly volatile
Liabilities And Stockholders Equity2.9 B2.8 B1.1 B
Slightly volatile
Non Current Liabilities Total2.2 B2.1 B508.8 M
Slightly volatile
Inventory1.091.152.1 M
Very volatile
Other Current Assets47.4 M45.1 M28.3 M
Slightly volatile
Other Stockholder Equity569.5 M542.4 M219.8 M
Slightly volatile
Total Liabilities2.6 B2.5 B642.5 M
Slightly volatile
Property Plant And Equipment Gross1.1 BB335.2 M
Slightly volatile
Total Current Assets496.1 M472.5 M236.8 M
Slightly volatile
Short Term Debt238.1 M226.7 M55.8 M
Slightly volatile
Current Deferred Revenue18.1 M9.9 M22.2 M
Slightly volatile
Common Stock Total Equity279.6 K304.8 K273 K
Slightly volatile
Common Stock281.4 K298 K272.2 K
Pretty Stable
Intangible AssetsB999.2 M212.2 M
Slightly volatile
Other Assets62.6 M59.6 M23.7 M
Slightly volatile
Long Term Debt1.8 B1.7 B362.7 M
Slightly volatile
Property Plant Equipment152.6 M286.4 M196.7 M
Slightly volatile
Good Will548.8 M522.7 M219.1 M
Slightly volatile
Other Liabilities133 M126.7 M68.4 M
Slightly volatile
Net Tangible Assets992.5 M945.2 M403.1 M
Slightly volatile
Retained Earnings Total Equity355.2 M501.5 M343.1 M
Slightly volatile
Long Term Debt Total128.7 M122.6 M61.2 M
Slightly volatile
Capital Surpluse178.9 M311.5 M179.7 M
Slightly volatile
Capital Lease Obligations493.4 M469.9 M89.5 M
Slightly volatile
Deferred Long Term Liabilities34.7 M58.8 M34.7 M
Slightly volatile
Non Current Liabilities Other34.1 M48.8 M31.2 M
Slightly volatile
Short and Long Term Debt9.3 M11.4 MM
Very volatile
Net Invested Capital1.2 B1.9 B856.1 M
Slightly volatile
Net Working Capital85.4 M88.5 M103.6 M
Very volatile
Capital Stock220.2 K298 K276.7 K
Slightly volatile

Forward Air Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Total Revenue2.6 B2.5 B1.2 B
Slightly volatile
Gross Profit208.5 M339.7 M250.1 M
Slightly volatile
Other Operating Expenses3.7 B3.5 B1.3 B
Slightly volatile
Cost Of Revenue2.2 B2.1 B976.4 M
Slightly volatile
Total Operating Expenses1.5 B1.4 B303.8 M
Slightly volatile
Selling General Administrative47.7 M64.7 M42.3 M
Very volatile
Net Income Applicable To Common Shares233.3 M222.2 M97.5 M
Slightly volatile
Non Recurring34 M38.2 M41.6 M
Slightly volatile
Interest Income2.1 M3.1 M2.2 M
Slightly volatile
Reconciled Depreciation151.2 M144 M55.6 M
Slightly volatile
Extraordinary Items12.7 M14.3 M15.6 M
Slightly volatile
Selling And Marketing Expenses36 M40.5 M44.2 M
Slightly volatile

Forward Air Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Capital Expenditures27.3 M37.1 M33 M
Pretty Stable
End Period Cash Flow104.1 M105.3 M174.2 M
Slightly volatile
Begin Period Cash FlowBB292.5 M
Slightly volatile
Change To Netincome36.1 M34.4 M21.4 M
Slightly volatile

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Price To Sales Ratio0.340.3591.4986
Slightly volatile
Dividend Yield0.0320.01760.0119
Slightly volatile
PTB Ratio4.414.40283.6006
Pretty Stable
Days Sales Outstanding52.747.574245.6466
Pretty Stable
Book Value Per Share8.710.380116.5143
Slightly volatile
Stock Based Compensation To Revenue0.00390.00410.0079
Slightly volatile
Capex To Depreciation0.240.25741.0891
Slightly volatile
PB Ratio4.414.40283.6006
Pretty Stable
EV To Sales1.461.18381.7165
Pretty Stable
Inventory Turnover42.3644.59332
Slightly volatile
Days Of Inventory On Hand8.98.473.4002
Slightly volatile
Payables Turnover19.1920.196529.1303
Pretty Stable
Sales General And Administrative To Revenue0.02480.02610.053
Slightly volatile
Research And Ddevelopement To Revenue0.00170.00150.0016
Slightly volatile
Capex To Revenue0.01420.0150.0366
Slightly volatile
Cash Per Share4.03.80912.0866
Slightly volatile
Payout Ratio0.160.170.2318
Pretty Stable
Days Payables Outstanding19.4418.072413.415
Pretty Stable
Income Quality0.06370.0671.6735
Pretty Stable
Intangibles To Total Assets0.570.5430.3634
Slightly volatile
Current Ratio1.171.23032.6872
Slightly volatile
Receivables Turnover6.217.67228.0695
Pretty Stable
Shareholders Equity Per Share8.627.324916.3183
Slightly volatile
Debt To Equity11.1710.63711.6689
Slightly volatile
Capex Per Share1.241.34571.2187
Pretty Stable
Revenue Per Share94.3389.842544.5241
Slightly volatile
Interest Debt Per Share89.0384.786218.6184
Slightly volatile
Debt To Assets0.80.76560.2264
Slightly volatile
Graham Number61.8658.9236.4452
Slightly volatile
Operating Cycle54.1647.574246.671
Pretty Stable
Price Book Value Ratio4.414.40283.6006
Pretty Stable
Days Of Payables Outstanding19.4418.072413.415
Pretty Stable
Dividend Payout Ratio0.160.170.2318
Pretty Stable
Ebt Per Ebit0.741.17580.9592
Slightly volatile
Effective Tax Rate0.0950.10.2833
Slightly volatile
Company Equity Multiplier14.5913.89323.1867
Slightly volatile
Long Term Debt To Capitalization0.940.89260.2317
Slightly volatile
Total Debt To Capitalization0.960.91410.2704
Slightly volatile
Debt Equity Ratio11.1710.63711.6689
Slightly volatile
Quick Ratio1.171.23032.6651
Slightly volatile
Net Income Per E B T0.580.65370.8143
Slightly volatile
Cash Ratio0.260.27320.8526
Slightly volatile
Cash Conversion Cycle25.2629.501832.6647
Slightly volatile
Days Of Inventory Outstanding8.98.473.4002
Slightly volatile
Days Of Sales Outstanding52.747.574245.6466
Pretty Stable
Free Cash Flow Operating Cash Flow Ratio1.571.49150.7734
Slightly volatile
Price To Book Ratio4.414.40283.6006
Pretty Stable
Fixed Asset Turnover3.623.36054.4318
Pretty Stable
Debt Ratio0.80.76560.2264
Slightly volatile
Price Sales Ratio0.340.3591.4986
Slightly volatile
Asset Turnover1.670.88281.3999
Slightly volatile
Gross Profit Margin0.130.13730.2405
Slightly volatile
Price Fair Value4.414.40283.6006
Pretty Stable

Forward Air Valuation Data

Current ValueLast YearHistorical Average 10 Year Trend
Market Cap1.6 B1.6 B1.5 B
Slightly volatile
Enterprise Value1.7 B1.6 B1.6 B
Slightly volatile

Forward Fundamental Market Drivers

Cash And Short Term Investments104.9 M

Forward Upcoming Events

14th of February 2024
Upcoming Quarterly Report
View
6th of May 2024
Next Financial Report
View
31st of December 2023
Next Fiscal Quarter End
View
14th of February 2024
Next Fiscal Year End
View
30th of September 2023
Last Quarter Report
View
31st of December 2022
Last Financial Announcement
View

About Forward Air Financial Statements

Forward Air stakeholders use historical fundamental indicators, such as Forward Air's revenue or net income, to determine how well the company is positioned to perform in the future. Although Forward Air investors may analyze each financial statement separately, they are all interrelated. For example, changes in Forward Air's assets and liabilities are reflected in the revenues and expenses on Forward Air's income statement, which ultimately affect the company's gains or losses. Understanding these patterns can help in making the right long-term investment decisions in Forward Air. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Current Deferred Revenue9.9 M18.1 M
Total Revenue2.5 B2.6 B
Cost Of Revenue2.1 B2.2 B
Sales General And Administrative To Revenue 0.03  0.02 
Capex To Revenue 0.01  0.01 
Revenue Per Share 89.84  94.33 
Ebit Per Revenue(0.43)(0.41)

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When determining whether Forward Air is a strong investment it is important to analyze Forward Air's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Forward Air's future performance. For an informed investment choice regarding Forward Stock, refer to the following important reports:
Check out the analysis of Forward Air Correlation against competitors.
For information on how to trade Forward Stock refer to our How to Trade Forward Stock guide.
You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
Is Air Freight & Logistics space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Forward Air. If investors know Forward will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Forward Air listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
1.45
Earnings Share
(29.27)
Revenue Per Share
89.217
Quarterly Revenue Growth
0.132
Return On Assets
0.0128
The market value of Forward Air is measured differently than its book value, which is the value of Forward that is recorded on the company's balance sheet. Investors also form their own opinion of Forward Air's value that differs from its market value or its book value, called intrinsic value, which is Forward Air's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Forward Air's market value can be influenced by many factors that don't directly affect Forward Air's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Forward Air's value and its price as these two are different measures arrived at by different means. Investors typically determine if Forward Air is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Forward Air's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.