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
- Stifel cuts Forward Air stock target from USD 27.00 to USD 24.00ad-hoc-news.de · 10/17/2026
- Forward Air Corporation Q3FY26 Results: Earnings release set for Nov 9scanx.trade · 10/15/2026
- Forward Air (FWRD) Stock Fair Value Moves Lower As Analysts Cut Growth AssumptionsYahoo Finance · 10/14/2026
- Forward Air Corporation stock fell 5.28 percent as targets splitAD HOC NEWS · 10/6/2026
- Forward Air stock fell 5.28 percent as Q2 loss widensAD HOC NEWS · 10/6/2026
- Under the Radar: 3 Unlikely Stocks With 10-Bagger PotentialBenzinga · 10/6/2026
- Forward Air (FWRD) Ticks Higher, Up 2.65% to $15.91 as Freight Name Tests Key Range - Earnings Beat Stockshttps://www.dars.gov.et/ · 10/2/2026
- Forward Air stock reports record revenue despite a Q2 lossad-hoc-news.de · 9/24/2026
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.