Forward Operating Income from 2010 to 2026

FWRD Stock

USD 30.36 0.47 1.57%

Forward Air's Operating Income is decreasing over the years with slightly volatile fluctuation. Overall, Operating Income is projected to go to about -908.8 M this year. Operating Income is earnings before interest and taxes (EBIT), representing the amount of profit Forward Air generates from its operations. View All Fundamentals

Operating Income

First Reported

1994-03-31

Previous Quarter

19.5 M

Current Value

15 M

Quarterly Volatility

101 M

Dot-com Bubble

Housing Crash

Credit Downgrade

Yuan Drop

Covid

Interest Hikes

Check Forward Air financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Forward Air's main balance sheet or income statement drivers, such as Depreciation And Amortization of 173.9 M, Interest Expense of 228.5 M or Total Revenue of 3 B, as well as many indicators such as Price To Sales Ratio of 0.39, Dividend Yield of 0.0316 or PTB Ratio of 4.59. Forward financial statements analysis is a perfect complement when working with Forward Air Valuation or Volatility modules.

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Check out the analysis of Forward Air Correlation against competitors.

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Analyzing Forward Air's Operating Income over time reveals critical patterns in financial health and operational efficiency. This metric helps investors evaluate trends, identify inflection points, and make informed decisions based on historical performance. Understanding how Operating Income has evolved provides context for assessing Forward Air's current valuation and future prospects.

Latest Forward Air's Operating Income Growth Pattern

Below is the plot of the Operating Income of Forward Air over the last few years. Operating Income is the amount of profit realized from Forward Air operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Forward Air is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. It is earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations. Forward Air's Operating Income historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Forward Air's overall financial position and show how it may be relating to other accounts over time.

Operating Income

10 Years Trend

Slightly volatile

Compare to Others All Fundamentals

Operating Income

Timeline

Forward Operating Income Regression Statistics

	Arithmetic Mean	(90,650,922)
	Coefficient Of Variation	(470.16)
	Mean Deviation	312,521,872
	Median	83,532,000
	Standard Deviation	426,202,176
	Sample Variance	181648.3T
	Range	1.3B
	R-Value	(0.60)
	Mean Square Error	124629.9T
	R-Squared	0.36
	Significance	0.01
	Slope	(50,413,110)
	Total Sum of Squares	2906372.7T

Forward Operating Income History

	2026	-908.8 M
	2025	-956.6 M
	2024	-1.1 B
	2023	88.2 M
	2022	247.6 M
	2021	147 M
	2020	73.9 M

Other Fundumenentals of Forward Air

Non Operating Income Net Other

Forward Air Operating Income component correlations

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Net Receivables	Total Liab	Total Current Assets	Short Term Debt	Current Deferred Revenue	Common Stock	Intangible Assets	Long Term Debt	Property Plant Equipment	Good Will	Net Tangible Assets	Long Term Debt Total	Capital Surpluse	Deferred Long Term Liab	Accumulated Depreciation	Short Long Term Debt	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		-0.02	0.98	-0.64	0.92	0.88	0.99	0.94	0.9	0.12	0.29	0.86	0.98	0.45	0.92	0.91	0.7	0.66	0.66	-0.47	0.11	0.87	-0.37	-0.62
Total Stockholder Equity	-0.02		-0.21	0.74	-0.2	-0.08	-0.18	-0.04	-0.15	0.54	0.35	-0.4	-0.18	0.52	-0.09	-0.04	0.15	0.49	0.47	-0.59	0.12	0.0	0.49	-0.17
Net Debt	0.98	-0.21		-0.75	0.92	0.86	1.0	0.91	0.9	-0.01	0.19	0.9	0.99	0.33	0.9	0.89	0.65	0.54	0.54	-0.33	0.1	0.86	-0.44	-0.58
Retained Earnings	-0.64	0.74	-0.75		-0.8	-0.72	-0.75	-0.67	-0.74	0.27	0.0	-0.91	-0.71	0.03	-0.74	-0.59	-0.39	-0.14	-0.15	-0.02	0.01	-0.45	0.61	0.28
Accounts Payable	0.92	-0.2	0.92	-0.8		0.98	0.93	0.96	0.94	0.09	0.33	0.97	0.88	0.43	0.98	0.85	0.7	0.62	0.6	-0.44	0.06	0.67	-0.41	-0.56
Net Receivables	0.88	-0.08	0.86	-0.72	0.98		0.88	0.95	0.92	0.16	0.42	0.93	0.82	0.55	0.98	0.79	0.73	0.7	0.67	-0.56	0.1	0.61	-0.35	-0.56
Total Liab	0.99	-0.18	1.0	-0.75	0.93	0.88		0.93	0.91	0.03	0.22	0.91	0.99	0.35	0.92	0.9	0.67	0.57	0.57	-0.36	0.09	0.86	-0.44	-0.59
Total Current Assets	0.94	-0.04	0.91	-0.67	0.96	0.95	0.93		0.92	0.17	0.43	0.9	0.89	0.5	0.94	0.89	0.7	0.66	0.65	-0.45	0.04	0.72	-0.37	-0.61
Short Term Debt	0.9	-0.15	0.9	-0.74	0.94	0.92	0.91	0.92		0.1	0.27	0.91	0.86	0.45	0.95	0.81	0.74	0.63	0.67	-0.44	0.31	0.68	-0.45	-0.57
Current Deferred Revenue	0.12	0.54	-0.01	0.27	0.09	0.16	0.03	0.17	0.1		-0.02	-0.1	-0.03	0.43	0.12	0.12	0.57	0.51	0.42	-0.58	-0.29	0.04	0.27	-0.27
Common Stock	0.29	0.35	0.19	0.0	0.33	0.42	0.22	0.43	0.27	-0.02		0.29	0.18	0.5	0.37	0.2	-0.04	0.42	0.47	-0.34	0.21	0.16	-0.15	-0.02
Intangible Assets	0.86	-0.4	0.9	-0.91	0.97	0.93	0.91	0.9	0.91	-0.1	0.29		0.86	0.26	0.94	0.78	0.56	0.45	0.46	-0.29	0.1	0.61	-0.54	-0.48
Long Term Debt	0.98	-0.18	0.99	-0.71	0.88	0.82	0.99	0.89	0.86	-0.03	0.18	0.86		0.3	0.86	0.88	0.6	0.51	0.52	-0.3	0.09	0.89	-0.42	-0.57
Property Plant Equipment	0.45	0.52	0.33	0.03	0.43	0.55	0.35	0.5	0.45	0.43	0.5	0.26	0.3		0.5	0.3	0.63	0.86	0.81	-0.7	0.13	0.44	0.18	-0.13
Good Will	0.92	-0.09	0.9	-0.74	0.98	0.98	0.92	0.94	0.95	0.12	0.37	0.94	0.86	0.5		0.82	0.72	0.7	0.7	-0.56	0.17	0.67	-0.42	-0.57
Net Tangible Assets	0.91	-0.04	0.89	-0.59	0.85	0.79	0.9	0.89	0.81	0.12	0.2	0.78	0.88	0.3	0.82		0.6	0.56	0.58	-0.34	0.02	0.79	-0.2	-0.61
Long Term Debt Total	0.7	0.15	0.65	-0.39	0.7	0.73	0.67	0.7	0.74	0.57	-0.04	0.56	0.6	0.63	0.72	0.6		0.75	0.65	-0.62	-0.06	0.56	-0.14	-0.58
Capital Surpluse	0.66	0.49	0.54	-0.14	0.62	0.7	0.57	0.66	0.63	0.51	0.42	0.45	0.51	0.86	0.7	0.56	0.75		0.96	-0.88	0.14	0.6	-0.03	-0.28
Deferred Long Term Liab	0.66	0.47	0.54	-0.15	0.6	0.67	0.57	0.65	0.67	0.42	0.47	0.46	0.52	0.81	0.7	0.58	0.65	0.96		-0.82	0.33	0.6	-0.05	-0.26
Accumulated Depreciation	-0.47	-0.59	-0.33	-0.02	-0.44	-0.56	-0.36	-0.45	-0.44	-0.58	-0.34	-0.29	-0.3	-0.7	-0.56	-0.34	-0.62	-0.88	-0.82		-0.11	-0.31	-0.07	0.27
Short Long Term Debt	0.11	0.12	0.1	0.01	0.06	0.1	0.09	0.04	0.31	-0.29	0.21	0.1	0.09	0.13	0.17	0.02	-0.06	0.14	0.33	-0.11		0.09	-0.03	0.02
Net Invested Capital	0.87	0.0	0.86	-0.45	0.67	0.61	0.86	0.72	0.68	0.04	0.16	0.61	0.89	0.44	0.67	0.79	0.56	0.6	0.6	-0.31	0.09		-0.25	-0.34
Net Working Capital	-0.37	0.49	-0.44	0.61	-0.41	-0.35	-0.44	-0.37	-0.45	0.27	-0.15	-0.54	-0.42	0.18	-0.42	-0.2	-0.14	-0.03	-0.05	-0.07	-0.03	-0.25		0.12
Capital Stock	-0.62	-0.17	-0.58	0.28	-0.56	-0.56	-0.59	-0.61	-0.57	-0.27	-0.02	-0.48	-0.57	-0.13	-0.57	-0.61	-0.58	-0.28	-0.26	0.27	0.02	-0.34	0.12

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About Forward Air Financial Statements

Forward Air stakeholders use historical fundamental indicators, such as Forward Air's Operating Income, to determine how well the company is positioned to perform in the future. Although Forward Air investors may analyze each financial statement separately, they are all interrelated. For example, changes in Forward Air's assets and liabilities are reflected in the revenues and expenses on Forward Air's income statement, which ultimately affect the company's gains or losses. Understanding these patterns can help in making the right long-term investment decisions in Forward Air. Please read more on our technical analysis and fundamental analysis pages.

	Last Reported	Projected for Next Year
Operating Income	-956.6 M	-908.8 M
Non Operating Income Net Other	-2.7 K	-2.6 K

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When determining whether Forward Air is a strong investment it is important to analyze Forward Air's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Forward Air's future performance. For an informed investment choice regarding Forward Stock, refer to the following important reports:

How To Invest In Forward

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Is Forward Stock a good investment?

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What is Forward Air's Net Worth?

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Largest Air Freight & Logistics Companies

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Check out the analysis of Forward Air Correlation against competitors.

For information on how to trade Forward Stock refer to our How to Trade Forward Stock guide.

You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.

Will Air Freight & Logistics sector continue expanding? Could Forward diversify its offerings? Factors like these will boost the valuation of Forward Air. Market participants price Forward higher when confident in its future expansion prospects. Accurate valuation requires analyzing both current fundamentals and future growth trajectories. Every Forward Air data point contributes insight, yet successful analysis hinges on identifying the most consequential variables.

Quarterly Earnings Growth

1.45

Earnings Share

(4.05)

Revenue Per Share

82.656

Quarterly Revenue Growth

(0.04)

Return On Assets

0.0154

Understanding Forward Air requires distinguishing between market price and book value, where the latter reflects Forward's accounting equity. The concept of intrinsic value - what Forward Air's is actually worth based on fundamentals - guides informed investors toward better entry and exit points. Seasoned market participants apply comprehensive analytical frameworks to derive fundamental worth and identify mispriced opportunities. Market sentiment, economic cycles, and investor behavior can push Forward Air's price substantially above or below its fundamental value.

Please note, there is a significant difference between Forward Air's value and its price as these two are different measures arrived at by different means. Investors typically determine if Forward Air is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. In contrast, Forward Air's trading price reflects the actual exchange value where willing buyers and sellers reach mutual agreement.

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Forward Operating Income from 2010 to 2026

Latest Forward Air's Operating Income Growth Pattern

Forward Operating Income Regression Statistics

Forward Operating Income History

Other Fundumenentals of Forward Air

Forward Air Operating Income component correlations

About Forward Air Financial Statements

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