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Forward Air Corporation

Forward Air Corporation

FWRD

NASDAQ
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Forward Air Corporation

FWRD

NASDAQ
$19.154.08% (+0.75)
$
₹
$19.154.08% (+0.75)
High
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Low
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Returns
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1D
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1M
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6M
1Y
3Y
5Y
Max

Industrials

Integrated Freight & Logistics

Small Cap

With a market cap of $618.9M the stock is ranked 3159

Key Metrics

Key Metrics

PE TTM
PE TTM

Close price divided by the earnings per share for the trailing twelve months

—
PB
PB

Close price divided by the book value per share at the end of the most recent quarter

5.97
EPS TTM
EPS TTM

Net profit earned per share over the trailing twelve months (sum of the last 4 quarters)

$-9.27
PEG Ratio
PEG Ratio

Price-to-Earnings (P/E) ratio divided by the forecasted annual earnings per share (EPS) growth rate over the next five years

0.65
Profit Margin
Profit Margin

Net profit divided by the total revenue for the most recent financial year

-11.37%
Dividend Yield
Dividend Yield

Annual dividend per share for the trailing twelve months divided by the close price

—

Analyst Ratings & Forecast

Analyst Ratings & Forecast

Detailed Forecast Detailed Forecast 

Based on 5 analysts reports

Buy
2 analysts
Hold
3 analysts
Sell
0 analyst

Price Upside

+41.3%

Earnings Growth

+59.6%

Rev. Growth

+3.56%

See Detailed Forecast

Company Profile

Company Profile

Forward Air Corporation, together with its subsidiaries, operates as an asset-light freight and logistics company in the United States, Mexico, Europe, Asia, and Canada. The company operates through three segments: Expedited Freight, Omni Logistics, and Intermodal. Its 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 shipment consolidation and deconsolidation, warehousing, customs brokerage, and other handling. This segment offers expedited truckload brokerage, dedicated fleet, and high security and temperature-controlled logistics services. The Omni Logistics segment offers full suite of global logistics services, such as air and ocean freight consolidation and forwarding, customs brokerage, warehousing and distribution, value-added services, time-definite transportation services, and other supply chain solutions. Its Intermodal segment provides intermodal container drayage services; and contract and container freight station warehouse and handling services. The company 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 incorporated in 1981 and is headquartered in Dallas, Texas.
Forward Air Corporation, together with its subsidiaries, operates as an asset-light freight and logistics company in the United States, Mexico, Europe, Asia, and Canada. The company operates through three segments: Expedited Freight, Omni Logistics, and Intermodal. Its 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 shipment consolidation and deconsolidation, warehousing, customs brokerage, and other handling. This segment offers expedited truckload brokerage, dedicated fleet, and high security and temperature-controlled logistics services. The Omni Logistics segment offers full suite of global logistics services, such as air and ocean freight consolidation and forwarding, customs brokerage, warehousing and distribution, value-added services, time-definite transportation services, and other supply chain solutions. Its Intermodal segment provides intermodal container drayage services; and contract and container freight station warehouse and handling services. The company 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 incorporated in 1981 and is headquartered in Dallas, Texas.

Peers

Compare with peers Compare with peers 

Peers

Compare with peers Compare with peers 
United Parcel Service Inc
UPS
United Parcel Service Inc
P/E Ratio
20.39
20.39
1Y Return
18.04%
18.04%
Buy Reco %
48.27
48.27
FedEx Corporation
FDX
FedEx Corporation
P/E Ratio
17.15
17.15
1Y Return
25.7%
25.7%
Buy Reco %
72.41
72.41
Expeditors International of Washington, Inc.
EXPD
Expeditors International of Washington, Inc.
P/E Ratio
28.94
28.94
1Y Return
66.83%
66.83%
Buy Reco %
16.66
16.66
XPO Logistics Inc
XPO
XPO Logistics Inc
P/E Ratio
45.11
45.11
1Y Return
38.22%
38.22%
Buy Reco %
80.00
80.00
ZTO Express (Cayman) Inc
ZTO
ZTO Express (Cayman) Inc
P/E Ratio
11.12
11.12
1Y Return
7.54%
7.54%
Buy Reco %
76.47
76.47
Compare with Peers

Forecast

Forecast

Price

Revenue

Earnings

Price Forecast

Price Forecast

Higher price growth forecast versus trailing 3-year CAGR
Compares analyst forecast growth with historical annualized growth.

The 12-month consensus target implies 41.30% growth, versus a trailing 3-year CAGR of -34.67%.

2026
Current$18.4Baseline
Analyst Target - 1 year
Target$26+41.3%

All values in $

202220232024202520262027$40.92$65.28$89.64Target+41.3%
2026
Current$18.4Baseline
Analyst Target - 1 year
Target$26+41.3%

All values in $

Revenue Forecast

Revenue Forecast

Lower revenue growth forecast versus trailing 3-year CAGR
Compares analyst forecast growth with historical annualized growth.

The next fiscal year's mean estimate implies 3.56% growth, versus a trailing 3-year CAGR of 14.10%.

2025
Current$2.49Baseline
Forecast for Dec 2026
High$2.63+5.41%
Average$2.58+3.56%
Low$2.48-0.24%

All values in $ Billion

2021202220232024202520261.381.671.372.472.49Low-0.24%Average+3.56%High+5.41%
2025
Current$2.49Baseline
Forecast for Dec 2026
High$2.63+5.41%
Average$2.58+3.56%
Low$2.48-0.24%

All values in $ Billion

Earnings Per Share Forecast

Earnings Per Share Forecast

2025
Current$-2.5Baseline
Forecast for Dec 2026
High$0+100%
Average$-1.01+59.6%
Low$-2.02+19.2%

All values in $

2021202220232024202520264.257.194.0814.37-2.5Low+19.2%Average+59.6%High+100%
2025
Current$-2.5Baseline
Forecast for Dec 2026
High$0+100%
Average$-1.01+59.6%
Low$-2.02+19.2%

All values in $

Financials

Financials

Income

Balance Sheet

Cash Flow

631.7
-16.2
631.2
-28.3
582
-34.3
673
-207.3
Q3 2025
Q4 2025
Q1 2026
Q2 2026
Revenue
Net Income
Financial YearQ1 2024Q2 2024Q3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026
Total Revenue541.81643.66655.93632.84613.28618.84631.76631.23582.04673.03
Net Income-61.71-645.43-73.40-36.41-50.63-12.58-16.25-28.32-34.31-207.3
Net Profit Margin-11.38%-100.27%-11.19%-5.75%-8.25%-2.03%-2.57%-4.48%-5.89%-30.80%
See CostsAll values in $ Million

Peers

Peers & Comparison

Peers & Comparison

Comparing 2 stocks from
IndustrialsIntegrated Freight & Logistics

Valuation

Returns

Forecast

ScreenerCompare valuation on Screener
StockPE TTMPE TTMPBPBPEG RatioPEG Ratio
Forward Air Corporation -5.970.65
United Parcel Service Inc20.396.111.56
FedEx Corporation17.152.121.86
ScreenerCompare valuation on Screener

Price Comparison

Price Comparison

Compare FWRD with any stock or ETF
Compare FWRD with any stock or ETF
Comparing from
FWRD
UPS
FDX
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Frequently asked questions

  1. Forward Air Corporation (FWRD) share price today is $19.15 as of November 5, 2026 at 12:24 AM IST. The stock touched a day high of $19.41 and a day low of $18.98.

  2. Forward Air Corporation stock trades on NASDAQ under the ticker symbol FWRD.

  3. Forward Air Corporation's market capitalization is $618.86M as of November 5, 2026 at 12:24 AM IST.

  4. Forward Air Corporation's price-to-earnings (P/E) ratio is N/A as of November 4, 2026.

  5. Forward Air Corporation's price-to-book (P/B) ratio is 5.97 as of November 4, 2026.

  6. Yes, You can buy Forward Air Corporation shares from India through Tickertape, via our partnership with ViewTrade IFSC under the IFSCA Global Access framework, subject to RBI’s Liberalised Remittance Scheme (LRS) limits.

  7. Indian investors can buy Forward Air Corporation shares in three steps: 1. Search Forward Air Corporation on the Tickertape app and tap Invest. 2. Complete your one-time digital KYC. 3. Fund your account and buy from as low as $1 via fractional shares.

  8. Since Forward Air Corporation trades in USD, an Indian investor's INR returns depend on both the stock's price movement and the USD-INR exchange rate. If the rupee depreciates against the dollar, INR returns are boosted beyond the stock's USD return; if the rupee appreciates, INR returns are reduced.

  9. Indian investors can start investing in Forward Air Corporation (FWRD) shares from as little as $1 through fractional ownership on Tickertape - for example, $10 buys approximately 0.5221 shares at the current price of $19.15.

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