Industrials
Forward Air Corporation(FWRD)
Live Price
Offline$13.62
+0.44% today
1Y Change
-39.36%
Window
Jun 25, 2025 โ Jun 18, 2026
- Market Cap
- $580.00M
- Revenue Growth
- +0.8%
- EPS Growth
- +88.2%
- Dividend Yield
- 0.0%
Coverage: 247 bars ยท Jun 25, 2025 โ Jun 18, 2026
Research Briefing
A compact read on the setup, peer context, quarterly changes, and recent earnings reaction.
Research Snapshot
Forward Air Corporation (FWRD) is a Industrials stock with a market cap of $580.00M and listed on NASDAQ. The stock last traded around $13.62 and down 39.4% across the available one-year price window (Jun 25, 2025 โ Jun 18, 2026). Baseline metrics include revenue growth of +0.8%, EPS growth of +88.2%, a dividend yield of 0.0%. What stands out right now is revenue +0.8%, EPS +88.2%, free cash flow +113.6% with operating margin 1.5% and ROIC 1.4%. Valuation is more restrained than many high-expectation growth names at price/sales 0.2. Stock Foundry combines FWRD price history, valuation, growth, dividend context, earnings, analyst forecasts, news, related Industrials peers on this page.
Sector Context
How this name stacks up against nearby peers on first-pass metrics.
Revenue Growth
Below sector median
+0.8% vs +3.6% peer median
Operating Margin
Below sector median
+1.5% vs +16.9% peer median
What Changed This Quarter
Latest report context and the signals most likely to have changed the story.
Latest report is on the board
2026 was reported on May 6, 2026, but the surprise data is still limited.
The operating story is still moving forward
Revenue is running at +0.8% and EPS at +88.2%, with operating margin around 1.5%.
Earnings Reaction Memory
How the stock has tended to move after recent reports.
Across the last 3 reported quarters, the stock averaged -8.4% over the next 5 trading days and finished higher after 2 of those reports.
View quarter-by-quarter reaction table
| Quarter | EPS ฮ | 1D | 5D | 20D |
|---|---|---|---|---|
2026 May 6, 2026 | โ | -5.6% | -52.4% | -43.6% |
2026 Feb 23, 2026 | -5.7% | +4.5% | +0.6% | -36.7% |
2025 Nov 5, 2025 | -300.0% | +18.1% | +26.5% | +44.5% |
Benchmark Edge
FWRD vs SPY, QQQ, and Sector ETFs
Normalized return, excess return, max drawdown, and calendar-year wins against the benchmarks investors actually use.
FWRD
โ
Normalized return
SPY
--
S&P 500
Excess Return
--
Relative to SPY
FWRD Max Drawdown
-74.25%
Trailing 1Y
SPY Max Drawdown
โ
Trailing 1Y
Calendar-Year Returns
Uses the longest available daily history for FWRD and SPY.
Company Overview
Forward Air Corporation
NASDAQ Global Select
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.
- Leadership
- Shawn Stewart
- IPO Date
- Nov 16, 1993
- Employees
- 6.3k
- Street Address
- Building N
- Mailing
- Greeneville, TN, 37745
- Region
- Greeneville, TN, US
- Reporting Currency
- USD
- Investor Line
- 423 636 7000
- Last Updated
- Apr 29, 2026
Key Fundamentals
Valuation, growth, profitability, and balance sheet signals.
Valuation
- P/E
- โ
- EV/EBITDA
- 14.1
- Price/Sales
- 0.2
- Price/Book
- 5.0
Growth
- Revenue
- +0.8%
- EPS
- +88.2%
- Free Cash Flow
- +113.6%
Profitability
- Gross Margin
- 20.5%
- Operating Margin
- 1.5%
- Net Margin
- -4.3%
- ROE
- -77.1%
- ROIC
- 1.4%
Balance Sheet
- Debt/Equity
- 19.05
- Current Ratio
- 1.22
Earnings Reports
Latest News
Official Releases
Company announcements and filings-style updates.
Next Step
Keep the research moving
After the overview, the strongest next step is usually chart context or a tighter compare set.