NASDAQ: FWRDForward Air Corp Stock
$13.45-0.64 (-4.54%)
Updated Jul 2, 2026
FWRD Price
$13.45
Fair Value Price
N/A
Market Cap
$425.36M
52 Week Low
$7.86
52 Week High
$32.47
P/E
-4.61x
P/B
5.25x
P/S
0.21x
PEG
N/A
Dividend Yield
N/A
Revenue
$2.46B
Earnings
-$91.48M
Gross Margin
41.2%
Operating Margin
2.6%
Profit Margin
-3.7%
Debt to Equity
31.77
Operating Cash Flow
$63M
Beta
1.45
Next Earnings
Aug 10, 2026
Ex-Dividend
N/A
Next Dividend
N/A
FWRD Overview
Forward Air Corporation, including its various subsidiaries, functions as a streamlined transportation and logistics enterprise throughout the United States and Canada, operating with an asset-light model. The company's business is structured into two principal divisions: Expedited Freight and Intermodal. The Expedited Freight segment delivers time-sensitive regional, inter-regional, and national less-than-truckload (LTL) services, complemented by local collection and delivery capabilities. This comprehensive segment also extends to final-mile services, full truckload transport, cargo consolidation and deconsolidation, storage solutions, customs brokerage, and general freight handling. Furthermore, it encompasses expedited truckload brokerage, dedicated fleet operations, and specialized logistics for high-security or temperature-sensitive goods. The Intermodal segment primarily focuses on drayage services for intermodal containers. It also provides contract warehousing as well as container freight station (CFS) warehousing and related handling services. Forward Air caters to a diverse customer base, which includes freight forwarders, third-party logistics (3PL) providers, integrated air cargo companies, both passenger and cargo airlines, ocean carriers, and retailers. Founded in 1981, Forward Air Corporation is based in Greeneville, Tennessee.
Zen Rating
Our proven quant model uses 115 proprietary factors, including AI, to determine FWRD's potential to beat the market
DSell
- Stocks with a Zen Rating of Sell (D) had an average loss of -6.47% 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
B
FWRD
Ranked#16 of 16
Ranked#16 of 16
Top Ranked Stocks in Industry
| Name / Ticker | Price | Zen Rating |
|---|---|---|
| $16.82 | A | |
| $23.08 | B | |
| $208.21 | B |
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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 (5.25x), compared to the US Integrated Freight & Logistics industry average (4.13x)
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 price to earnings (PE)
For valuing profitable companies with steady earnings
Company
-4.61x
Industry
23.69x
Market
8.55x
FWRD price to book (PB)
For valuing companies that are loss-making or have lots of physical asset
Company
5.25x
Industry
4.13x
FWRD is poor value based... subscribe to Premium to read more.
P/B vs Industry Valuation
FWRD's financial health
Profit margin
Revenue
$582.0M
Net Income
-$34.3M
Profit Margin
-5.9%
FWRD's Earnings (EBIT) of $64.04M... subscribe to Premium to read more.
Interest Coverage Financials
FWRD's profit margin has increased... subscribe to Premium to read more.
Profit Margin Growth Financials
Assets to liabilities
Assets
$2.7B
Liabilities
$2.6B
Debt to equity
31.77
FWRD's short-term assets ($542.36M) exceed... subscribe to Premium to read more.
Short-term Liabilities Financials
FWRD's long-term liabilities ($2.13B) 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
$45.7M
Investing
-$5.5M
Financing
-$4.9M
FWRD's operating cash flow ($62.51M)... subscribe to Premium to read more.
Debt Coverage Financials
FWRD vs Logistic Stocks
Forward Air Stock FAQ
Company
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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.