Forward Air
FWRD · NYSE · Industrials · United States
Financials at a glance
Source: SEC XBRLAnnual
Quarterly · last 8
Revenue (FY2025)
$2.5B
Net margin
-4.3%
ROE
-95.1%
Revenue CAGR (2y)
+34.9%
EPS (FY2025)
-3.51
Net profit (FY2025)
$-107.8M
Ask MarketChacha about FWRD
Get a cited, plain-English answer — the “why”, not just data. Finance research only, never buy/sell advice.
Why it moved
- Sep 1, 2026
No clear company-specific catalyst identified for the decline; the stock moved lower amid lingering investor concerns over customer concentration risk and profitability following the Q2 report.
· confidence: low - Aug 4, 2026
No specific company catalyst identified in recent filings or today's coverage; the gain appears to reflect broader market or sector movement.
· confidence: low - Jul 23, 2026
Forward Air shares fell as ongoing merger litigation and revenue trends continued to weigh on the outlook, following recent earnings and integration updates.
Daily moves with the verified reason behind them. Education only — not investment advice.
Financials
Yearly
| Period | Revenue | Net profit | EPS | Net margin | ROE |
|---|---|---|---|---|---|
| FY2025 | $2.5B | $-107.8M | -3.51 | -4.3% | -95.1% |
| FY2024 | $2.5B | $-817.0M | -30.63 | -33.0% | -405.0% |
| FY2023 | $1.4B | $167.4M | 6.40 | 12.2% | 21.9% |
Quarterly
| Period | Revenue | Net profit | EPS | Net margin |
|---|---|---|---|---|
| 2026Q2 | $673.0M | $-207.3M | -6.38 | -30.8% |
| 2026Q1 | $582.0M | $-34.3M | -1.09 | -5.9% |
| 2025Q3 | $631.8M | $-16.3M | -0.52 | -2.6% |
| 2025Q2 | $618.8M | $-12.6M | -0.41 | -2.0% |
| 2025Q1 | $613.3M | $-50.6M | -1.68 | -8.3% |
| 2024Q4 | $632.8M | $-36.4M | -1.24 | -5.8% |
| 2024Q3 | $655.9M | $-73.4M | -2.66 | -11.2% |
| 2024Q2 | $643.7M | $-645.4M | -23.47 | -100.3% |
| 2024Q1 | $541.8M | $-61.7M | -2.81 | -11.4% |
| 2023Q4 | $338.4M | $101.7M | 3.93 | 30.1% |
| 2023Q3 | $341.0M | $9.3M | 0.36 | 2.7% |
| 2023Q2 | $333.6M | $20.0M | 0.76 | 6.0% |
| 2023Q1 | $357.7M | $36.4M | 1.37 | 10.2% |
Figures as reported, in reporting currency. Source: SEC XBRL.
Filings & announcements
2026
- SEC8/5/2026material
- SEC8/5/2026
- SEC7/21/2026material
- SEC7/10/2026material
- SEC6/17/2026material
- SEC5/11/2026
- SEC5/7/2026material
- SEC4/29/2026material
- SEC3/11/2026
- SEC2/23/2026material
2025
- SEC11/5/2025material
- SEC11/5/2025
- SEC10/15/2025material
- SEC9/2/2025material
- SEC8/11/2025material
- SEC8/11/2025
In the news
- Forward Air: Undervalued, But Lack Of Profitability May Dampen Growth (NASDAQ:FWRD)Seeking Alpha · 8/25/2026
- FWRD | Forward Air Corp Financials - Revenue BreakdownQuiver Quantitative · 8/23/2026
- Forward Air (FWRD) Stock Fair Value Rises After Analysts Back Updated Customer ContractYahoo Finance · 8/22/2026
- Forward Air (NASDAQ:FWRD) Shares Down 5.8% - Should You Sell?MarketBeat · 8/14/2026
- Barclays PLC (FWRD) discloses 7.84% stake in Forward Air on Schedule 13GStock Titan · 8/13/2026
- Forward Air Corp (FWRD) Stock Up 4.8% and Still Undervalued -- GGuruFocus · 8/13/2026
- Dimensional Fund Advisors LP Has $5.33 Million Position in Forward Air Corporation $FWRDMarketBeat · 8/12/2026
- Forward Air (FWRD) Stock Jumps As EBITDA Improves Despite Deepening Losseswebull.com · 8/8/2026
Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed market data) are delayed and shown for reference only. Verify with the linked sources before acting.