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    Forward Air Corporation

    FWRD
    Last price US$15.26
    Market cap US$422.5m
    12M price change -51.17%
    Loading the 12-month Mave Thesis and 1-month news signal

    Industry and sector peers, plus broader research alternatives

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    Expeditors International of Washington IncEXPD Industry peer ZTO Express (Cayman) Inc.ZTO Industry peer FedEx CorporationFDX Industry peer TREX CO INCTREX Sector peer
    Overview Earnings Report Price History News Competitors Earnings per Share Return on Equity Net Margin Share Buyback Leverage Financial Statements Financial Ratio
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    Forward Air Corporation Overview

    Industry: Integrated Freight & Logistics

    Sector: Industrials

    Forward Air Corporation, together with its subsidiaries, operates as an asset-light freight and logistics company in the United States and Canada. It operates in two segments, Expedited Freight and Intermodal. The 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 final mile, truckload, shipment consolidation and deconsolidation, warehousing, customs brokerage, and other handling. This segment also offers expedited truckload brokerage, dedicated fleet, and high security and temperature-controlled logistics services. The Intermodal segment provides intermodal container drayage services; and contract, and container freight station warehouse and handling services. It serves freight forwarders, third-party logistics companies, integrated air cargo carriers and passenger, passenger and cargo airlines, steamship lines, and retailers. Forward Air Corporation was founded in 1981 and is headquartered in Greeneville, Tennessee. Forward Air Corporation, together with its subsidiaries, operates as an asset-light freight and logistics company in the United States and Canada. It operates in two segments, Expedited Freight and Intermodal. The Expedited Freight segment provides expedited regional, inter-regional, and national le Read More

    Mavefund brings filings, fundamentals, valuation, price history and news for Forward Air Corporation into one research view. The sections below show what strengthens or weakens the research case.

    Score

    Reported Results

    What the company reported, with filing details kept small.

    Filed May 07, 2026

    Quarterly result summary

    Revenue was $273M (+9.4% YoY). Operating income was $70. Adjusted EBITDA was $28.

    Revenue $273M +9.4% YoY
    Operating income $70 reported
    Adjusted EBITDA $28 reported

    What changed

    • Revenue +9.4% YoY to $273M.

    Guidance / outlook

    No formal outlook was extracted from this filing excerpt. Open the SEC source to review full management commentary.

    Earnings material Open filing

    Source: SEC EDGAR company-filed earnings materials. Dates are shown only for verification; review the source filing before relying on extracted report details.

    Other recent earnings materials
    SEC filing 10-Q May 11, 2026 SEC filing 8-K May 07, 2026 Earnings release Earnings release May 07, 2026 SEC filing 10-K Mar 11, 2026 Earnings release Earnings release Feb 23, 2026 SEC filing 8-K Feb 23, 2026 Earnings material Earnings release Feb 23, 2026 Earnings material Earnings release Nov 05, 2025 SEC filing 10-Q Nov 05, 2025 Earnings release Earnings release Nov 05, 2025 SEC filing 8-K Nov 05, 2025

    Prediction-grade evidence

    Recent News

    Company-relevant articles from sources that pass the Mave Signal relevance and reliability checks.

    Earnings Per Share

    Score 2.00/5
    Forward Air Corporation earns a low score, as its Earnings Per Share (EPS) has not shown continuous growth over the last six years. Notable counterparts in the sector with high scores includes TREX CO INC Honeywell International Inc Snap-On Inc
    In Integrated Freight & Logistics industry , Expeditors International of Washington Inc , ZTO Express (Cayman) Inc. , FedEx Corporation are companies with high ratings.

    Return on Equity

    Score 0.50/5
    Forward Air Corporation exhibits a lower score in the Return on Equity (ROE) section, falling below the sector median value and indicating a comparatively weaker performance in this metric. The top companies in the same sector include TREX CO INC Honeywell International Inc Snap-On Inc
    Forward Air ... FWRD US$422.5m
    TREX CO INC TREX US$4.5b
    Honeywell In... HON US$144.6b
    Snap-On Inc SNA US$21.0b

    Net Margin

    Score 0.60/5
    Forward Air Corporation olds a low score as its net margin consistently trails below the sector median value and doesn't exhibit continuous growth over the last six years; notable companies in the sector with commendable scores include TREX CO INC Honeywell International Inc Snap-On Inc
    Forward Air ... FWRD US$422.5m
    TREX CO INC TREX US$4.5b
    Honeywell In... HON US$144.6b
    Snap-On Inc SNA US$21.0b

    Share Buyback

    In Integrated Freight & Logistics industry , Expeditors International of Washington Inc , ZTO Express (Cayman) Inc. , FedEx Corporation are companies with high ratings.

    Leverage

    Score 3.72/5
    Forward Air Corporation attains a commendable score in the category due to its lower leverage ratio over the past six years in comparison to the sector median value. Additionally, other notable companies in the same sector, such as TREX CO INC Honeywell International Inc Snap-On Inc , also exhibit high scores.
    Forward Air ... FWRD US$422.5m
    TREX CO INC TREX US$4.5b
    Honeywell In... HON US$144.6b
    Snap-On Inc SNA US$21.0b

    Financial Statements

    Company-reported SEC EDGAR facts organized into the three core statements.

    Verified SEC statements load when this section enters view.

    Source: SEC EDGAR companyfacts. Values are standardized company filings for research support, not personalized financial advice.

    Financial Ratio

    Yearly Quarterly

    Financial
    Profitability
    Growth
    Cash Flow
    Financial Health
    Efficiency Ratios

    Forward Air Corporation logo

    Forward Air Corporation

    US$15.26

    US$19.85

    +30.1% vs price

    US$422.5m

    11.06%

    -51.17%