NASDAQ: FWRD
Forward Air Corp Stock

$27.37-1.19 (-4.17%)
Updated Jul 11, 2025
FWRD Price
$27.37
Fair Value Price
N/A
Market Cap
$832.68M
52 Week Low
$9.79
52 Week High
$40.92
P/E
-0.93x
P/B
5.38x
P/S
0.24x
PEG
N/A
Dividend Yield
N/A
Revenue
$2.55B
Earnings
-$805.89M
Gross Margin
41.4%
Operating Margin
-27.46%
Profit Margin
-31.7%
Debt to Equity
16.66
Operating Cash Flow
$10M
Beta
1.34
Next Earnings
Jul 31, 2025
Ex-Dividend
N/A
Next Dividend
N/A

FWRD Overview

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.

Zen Rating

Our proven quant model uses 115 proprietary factors, including AI, to determine FWRD's potential to beat the market

CHold
  • Stocks with a Zen Rating of Hold (C) had an average return of +7.53% per year. Learn More

Zen Rating Component Grades

C
Zen Rating uses advanced AI algorithms that detect subtle patterns in market data; it anticipates future trends that point to superior stock price results.

Industry: Logistic

Industry Rating
D
FWRD
Ranked
#9 of 17

Top Ranked Stocks in Industry

Name / TickerPriceZen Rating
$11.01A
$6.15B
$236.06C
View Top Logistic Stocks

Be the first to know about important FWRD news, forecast changes, insider trades & much more!

FWRD News

Overview

Due Diligence Score

Industry Average (29)
You've viewed Due Diligence Score for 10/10 free stocks. Upgrade to Premium to see how FWRD scored across 38 valuation, financial, forecast, performance, and dividend due diligence checks.

Due Diligence Checks

FWRD is unprofitable, so we are unable to calculate its intrinsic value according to an updated version of Benjamin Graham's Formula from "The Intelligent Investor"
Below Benjamin Graham Formula Value Valuation
FWRD is poor value based on its book value relative to its share price (5.38x), compared to the US Integrated Freight & Logistics industry average (3.33x)
P/B vs Industry Valuation
FWRD is unprofitable, so we... subscribe to Premium to read more.
PEG Value Valuation
There are 35 more FWRD due diligence checks available for Premium users.

Valuation

FWRD fair value

Fair Value of FWRD stock based on Discounted Cash Flow (DCF)

Price
$27.37
Fair Value
$46.85
Undervalued by
41.58%
FWRD is unprofitable, so we... subscribe to Premium to read more.
Below Benjamin Graham Formula Value Valuation

FWRD price to earnings (PE)

For valuing profitable companies with steady earnings

Company
-0.93x
Industry
18.01x
Market
30.99x

FWRD price to book (PB)

For valuing companies that are loss-making or have lots of physical asset

Company
5.38x
Industry
3.33x
FWRD is poor value based... subscribe to Premium to read more.
P/B vs Industry Valuation

FWRD's financial health

Profit margin

Revenue
$613.3M
Net Income
-$50.6M
Profit Margin
-8.3%
FWRD's cash and short-term investments... subscribe to Premium to read more.
Interest Coverage Financials
FWRD's profit margin has decreased... subscribe to Premium to read more.
Profit Margin Growth Financials

Assets to liabilities

Assets
$2.8B
Liabilities
$2.6B
Debt to equity
16.66
FWRD's short-term assets ($493.37M) exceed... subscribe to Premium to read more.
Short-term Liabilities Financials
FWRD's long-term liabilities ($2.14B) exceed... subscribe to Premium to read more.
Long-term Liabilities Financials
FWRD's debt has increased relative... subscribe to Premium to read more.
Shrinking Debt Financials
FWRD's debt to equity ratio... subscribe to Premium to read more.
Healthy Debt to Equity Financials

Cash flow

Operating
$27.6M
Investing
-$11.2M
Financing
-$5.3M
FWRD's cash and short-term investments... subscribe to Premium to read more.
Debt Coverage Financials

FWRD vs Logistic Stocks

TickerZen RatingMarket Cap1d %P/EP/B
FWRDC$832.68M-4.17%-0.93x5.38x
CYRXC$378.54M+0.53%-3.23x0.95x
RLGTB$289.93M-0.97%17.08x1.33x
FLX$227.64M0.00%N/A2.18x
PALC$214.93M-0.38%-14.98x0.64x

Forward Air Stock FAQ

What is Forward Air's quote symbol?

(NASDAQ: FWRD) Forward Air trades on the NASDAQ under the ticker symbol FWRD. Forward Air stock quotes can also be displayed as NASDAQ: FWRD.

If you're new to stock investing, here's how to buy Forward Air stock.

What is the 52 week high and low for Forward Air (NASDAQ: FWRD)?

(NASDAQ: FWRD) Forward Air's 52-week high was $40.92, and its 52-week low was $9.79. It is currently -33.11% from its 52-week high and 179.71% from its 52-week low.

How much is Forward Air stock worth today?

(NASDAQ: FWRD) Forward Air currently has 30,423,221 outstanding shares. With Forward Air stock trading at $27.37 per share, the total value of Forward Air stock (market capitalization) is $832.68M.

Forward Air stock was originally listed at a price of $5.39 in Dec 31, 1997. If you had invested in Forward Air stock at $5.39, your return over the last 27 years would have been 407.89%, for an annualized return of 6.2% (not including any dividends or dividend reinvestments).

How much is Forward Air's stock price per share?

(NASDAQ: FWRD) Forward Air stock price per share is $27.37 today (as of Jul 11, 2025).

What is Forward Air's Market Cap?

(NASDAQ: FWRD) Forward Air's market cap is $832.68M, as of Jul 12, 2025.

Market cap (market capitalization) is the total market value of a publicly traded company's outstanding shares.

Forward Air's market cap is calculated by multiplying FWRD's current stock price of $27.37 by FWRD's total outstanding shares of 30,423,221.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.