Forward Air Corporation

FWRD

NASDAQ

29.27

USD

-0.76(-2.53%)

As of today

Overview Financials Dividends Ratios Discussions Analysis

Forward Air Corporation fundamentals

Overview Income Statement Balance Sheet Cash Flow

FWRD Income Statement

AnnualQuarterly

Period Ending	Dec 31, 1993	Dec 31, 1994	Dec 31, 1995	Dec 31, 1996	Dec 31, 1997	Dec 31, 1998	Dec 31, 1999	Dec 31, 2000	Dec 31, 2001	Dec 31, 2002	Dec 31, 2003	Dec 31, 2004	Dec 31, 2005	Dec 31, 2006	Feb 19, 2008	Feb 24, 2009	Dec 31, 2009	Dec 31, 2010	Dec 31, 2011	Dec 31, 2012	Dec 31, 2013	Dec 31, 2014	Dec 31, 2015	Dec 31, 2016	Dec 31, 2017	Dec 31, 2018	Dec 31, 2019	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024
Total Revenue	95,300,000	135,000,000	148,100,000	157,098,000	190,402,000	130,438,000	170,843,000	214,907,000	227,500,000	226,072,000	241,517,000	282,197,000	320,934,000	352,758,000	392,737,000	474,436,000	417,410,000	483,939,000	536,402,000	584,446,000	652,481,000	780,959,000	959,125,000	982,530,000	1,100,816,000	1,320,886,000	1,410,395,000	1,269,573,000	1,662,427,000	1,973,403,000	1,370,735,000	2,474,262,000
Cost of Revenue	41,500,000	59,500,000	62,400,000	93,879,000	108,438,000	78,890,000	101,078,000	124,570,000	136,494,000	135,506,000	139,805,000	159,054,000	176,464,000	193,980,000	222,062,000	180,986,000	144,727,000	175,155,000	268,961,000	446,774,000	504,821,000	601,956,000	768,705,000	767,292,000	864,302,000	1,054,847,000	1,122,510,000	1,040,460,000	1,297,101,000	1,426,582,000	1,040,583,000	2,134,611,000
Gross Profit	53,800,000	75,500,000	85,700,000	63,219,000	81,964,000	51,548,000	69,765,000	90,337,000	91,006,000	90,566,000	101,712,000	123,143,000	144,470,000	158,778,000	170,675,000	293,450,000	272,683,000	308,784,000	267,441,000	137,672,000	147,660,000	179,003,000	190,420,000	215,238,000	236,514,000	266,039,000	287,885,000	229,113,000	365,326,000	546,821,000	330,152,000	339,651,000
Gross Profit Margin	0.565	0.559	0.579	0.402	0.43	0.395	0.408	0.42	0.4	0.401	0.421	0.436	0.45	0.45	0.435	0.619	0.653	0.638	0.499	0.236	0.226	0.229	0.199	0.219	0.215	0.201	0.204	0.18	0.22	0.277	0.241	0.137
R&D Expenses	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1,100,000	1,228,000	1,464,000	1,526,000	1,658,000	1,816,000	1,779,000	1,714,000	2,053,000	2,394,000	2,558,000	0	0
General & Administrative Expenses	0	0	0	60,117,000	72,917,000	35,995,000	42,339,000	54,531,000	65,848,000	58,104,000	64,573,000	73,492,000	78,490,000	86,382,000	96,488,000	124,603,000	118,568,000	129,108,000	130,651,000	11,309,000	12,619,000	15,736,000	21,483,000	25,392,000	29,578,000	35,180,000	45,440,000	34,912,000	42,186,000	49,759,000	50,133,000	64,682,000
Selling & Marketing Expenses	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
SG&A Expenses	46,100,000	39,200,000	43,700,000	60,117,000	72,917,000	35,995,000	42,339,000	54,531,000	65,848,000	58,104,000	64,573,000	73,492,000	78,490,000	86,382,000	96,488,000	124,603,000	118,568,000	129,108,000	130,651,000	11,309,000	12,619,000	15,736,000	21,483,000	25,392,000	29,578,000	35,180,000	45,440,000	34,912,000	39,409,000	47,478,000	50,133,000	64,682,000
Other Expenses	3,400,000	6,400,000	8,700,000	96,021,000	110,165,000	80,834,000	104,067,000	126,714,000	137,449,000	139,099,000	141,915,000	160,489,000	180,209,000	196,947,000	321,689,000	0	54,146,000	56,583,000	59,680,000	14,000	99,000	289,000	-58,000	4,000	-11,000	-2,000	121,908,000	118,224,000	164,222,000	230,809,000	191,809,000	1,337,905,000
Total Operating Expenses	49,500,000	45,600,000	52,400,000	156,138,000	183,082,000	116,829,000	146,406,000	181,245,000	203,297,000	197,203,000	206,488,000	233,981,000	258,699,000	283,329,000	329,374,000	206,967,000	172,714,000	185,691,000	190,331,000	54,140,000	63,305,000	82,597,000	108,648,000	112,817,000	127,842,000	144,008,000	169,062,000	155,189,000	206,025,000	280,845,000	241,942,000	1,402,587,000
Total Costs & Expenses	91,000,000	105,100,000	114,800,000	250,017,000	291,520,000	195,719,000	247,484,000	305,815,000	339,791,000	332,709,000	346,293,000	393,035,000	435,163,000	477,309,000	551,436,000	387,953,000	317,441,000	360,846,000	459,292,000	500,914,000	568,126,000	684,553,000	877,353,000	880,109,000	992,144,000	1,198,855,000	1,291,572,000	1,195,649,000	1,503,126,000	1,707,427,000	1,282,525,000	3,537,198,000
Interest Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Expense	0	0	0	0	0	0	0	0	0	0	0	0	0	0	491,000	1,236,000	670,000	730,000	619,000	391,000	532,000	610,000	2,047,000	1,597,000	1,209,000	1,783,000	2,711,000	4,561,000	4,338,000	5,138,000	31,571,000	189,215,000
Depreciation & Amortization	-3,400,000	-6,400,000	-8,700,000	10,523,000	11,210,000	4,346,000	4,996,000	5,783,000	8,410,000	7,461,000	7,263,000	6,817,000	8,947,000	8,934,000	10,824,000	16,615,000	19,722,000	20,450,000	20,993,000	21,021,000	23,579,000	31,133,000	37,157,000	38,210,000	41,055,000	42,183,000	36,394,000	37,125,000	32,572,000	42,552,000	57,405,000	143,978,000
EBITDA	7,400,000	36,300,000	42,000,000	-7,112,000	-4,705,000	-56,131,000	-71,645,000	-85,125,000	40,068,000	143,000	47,445,000	-93,257,000	-105,282,000	84,330,000	83,628,000	87,262,000	38,341,000	74,279,000	98,177,000	104,567,000	108,033,000	127,828,000	118,871,000	98,193,000	149,801,000	164,212,000	148,809,000	111,046,000	179,597,000	290,143,000	145,615,000	-916,639,000
EBITDA Margin	0.078	0.269	0.284	-0.045	-0.025	-0.43	-0.419	-0.396	0.176	0.001	0.196	-0.33	-0.328	0.239	0.213	0.184	0.092	0.153	0.183	0.179	0.166	0.164	0.124	0.1	0.136	0.124	0.106	0.087	0.108	0.147	0.106	-0.37
Operating Income	4,300,000	29,900,000	33,300,000	9,341,000	16,803,000	16,011,000	26,444,000	37,301,000	31,658,000	32,737,000	40,182,000	53,598,000	67,437,000	75,396,000	71,048,000	70,285,000	18,786,000	53,739,000	77,110,000	83,532,000	84,355,000	96,406,000	81,772,000	59,979,000	108,672,000	122,031,000	118,823,000	73,924,000	159,301,000	247,591,000	88,210,000	-1,062,936,000
Operating Income Margin	0.045	0.221	0.225	0.059	0.088	0.123	0.155	0.174	0.139	0.145	0.166	0.19	0.21	0.214	0.181	0.148	0.045	0.111	0.144	0.143	0.129	0.123	0.085	0.061	0.099	0.092	0.084	0.058	0.096	0.125	0.064	-0.43
Total Other Income/Expenses (Net)	-900,000	-22,900,000	-25,500,000	-1,566,000	-4,619,000	-1,169,000	-454,000	666,000	546,000	1,421,000	529,000	1,072,000	3,800,000	3,148,000	1,265,000	-874,000	-601,000	-640,000	-545,000	-377,000	-433,000	-321,000	-2,105,000	-1,317,000	-1,220,000	-1,785,000	-2,712,000	-4,564,000	-4,338,000	-5,138,000	-31,571,000	-186,896,000
Income Before Tax	3,400,000	7,000,000	7,800,000	6,438,000	14,085,000	14,842,000	25,990,000	37,967,000	32,204,000	34,158,000	40,711,000	54,670,000	71,237,000	78,544,000	72,313,000	69,411,000	18,185,000	53,099,000	76,565,000	83,155,000	83,922,000	96,085,000	79,667,000	58,386,000	107,452,000	120,246,000	116,111,000	69,360,000	154,963,000	242,453,000	56,639,000	-1,249,832,000
Pre-Tax Income Margin	0.036	0.052	0.053	0.041	0.074	0.114	0.152	0.177	0.142	0.151	0.169	0.194	0.222	0.223	0.184	0.146	0.044	0.11	0.143	0.142	0.129	0.123	0.083	0.059	0.098	0.091	0.082	0.055	0.093	0.123	0.041	-0.505
Income Tax Expense	1,200,000	3,000,000	3,300,000	2,459,000	5,491,000	5,653,000	9,950,000	14,522,000	12,322,000	12,542,000	14,896,000	20,249,000	26,328,000	29,621,000	27,388,000	26,869,000	8,239,000	21,063,000	29,366,000	30,487,000	29,455,000	34,916,000	24,092,000	30,716,000	20,131,000	28,195,000	29,012,000	16,593,000	38,872,000	63,039,000	13,836,000	-124,991,000
Net Income	2,200,000	4,000,000	4,500,000	3,979,000	8,594,000	10,154,000	16,040,000	23,445,000	19,882,000	21,616,000	25,815,000	34,421,000	44,909,000	48,923,000	44,925,000	42,542,000	9,946,000	32,036,000	47,199,000	52,668,000	54,467,000	61,169,000	55,575,000	27,670,000	87,321,000	92,051,000	87,099,000	23,733,000	105,859,000	193,191,000	167,351,000	-816,969,000
Net Income Margin	0.023	0.03	0.03	0.025	0.045	0.078	0.094	0.109	0.087	0.096	0.107	0.122	0.14	0.139	0.114	0.09	0.024	0.066	0.088	0.09	0.083	0.078	0.058	0.028	0.079	0.07	0.062	0.019	0.064	0.098	0.122	-0.33
Earnings Per Share (EPS)	0.073	0.15	0.17	0.15	0.32	0.37	0.53	0.74	0.61	0.67	0.81	1.07	1.41	1.57	1.52	1.48	0.34	1.11	1.62	1.82	1.81	1.99	1.8	0.91	2.9	3.17	3.06	0.85	3.87	7.18	0.44	-29.43
Diluted Earnings Per Share (EPS)	0.1	0.15	0.17	0.15	0.31	0.35	0.51	0.7	0.59	0.65	0.79	1.05	1.39	1.55	1.5	1.47	0.34	1.1	1.6	1.78	1.77	1.96	1.78	0.9	2.89	3.15	3.04	0.84	3.85	7.14	0.43	-29.43
Weighted Average Shares Outstanding	29,985,007	27,259,098	25,948,564	26,761,619	27,037,481	27,692,727	30,075,000	31,682,432	32,416,304	32,262,687	31,870,370	32,169,159	31,850,355	31,091,000	29,609,000	28,808,000	28,928,000	28,984,000	29,052,000	28,967,000	30,135,000	30,599,000	30,875,000	30,406,593	30,110,690	29,076,000	28,195,000	27,631,000	27,155,000	26,783,000	25,913,000	27,540,000
Weighted Average Shares Outstanding (Diluted)	29,985,007	27,259,098	26,986,507	26,761,619	27,725,637	28,737,736	31,657,895	33,492,857	33,508,989	33,255,385	32,677,215	32,781,905	32,308,633	31,521,000	29,962,000	29,025,000	28,993,000	29,111,000	29,435,000	29,536,000	30,762,000	31,132,000	31,221,910	30,744,444	30,214,879	29,190,000	28,308,000	27,697,000	27,292,000	26,926,000	26,003,000	27,540,000