Forward Air Net Income
| FWRD Stock | USD 30.23 0.34 1.14% |
As of the 10th of February, Forward Air shows the Mean Deviation of 2.1, downside deviation of 2.6, and Coefficient Of Variation of 395.32. Forward Air technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes the direction of the firm's future prices. Please confirm Forward Air variance, maximum drawdown, as well as the relationship between the Maximum Drawdown and semi variance to decide if Forward Air is priced favorably, providing market reflects its regular price of 30.23 per share. Given that Forward Air has jensen alpha of 0.7068, we urge you to verify Forward Air's prevailing market performance to make sure the company can sustain itself at a future point.
Forward Air Total Revenue |
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Gross Profit | Profit Margin | Market Capitalization | Enterprise Value Revenue 1.1858 | Revenue |
| Last Reported | Projected for Next Year | ||
| Net Loss | -1 B | -961.7 M | |
| Net Income Applicable To Common Shares | 222.2 M | 233.3 M | |
| Net Loss | -1 B | -961.7 M | |
| Net Loss | (34.11) | (32.41) | |
| Net Income Per E B T | 0.59 | 0.57 |
Forward | Net Income | Build AI portfolio with Forward Stock |
Analyzing Forward Air's Net 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 Net Income has evolved provides context for assessing Forward Air's current valuation and future prospects.
Latest Forward Air's Net Income Growth Pattern
Below is the plot of the Net Income of Forward Air over the last few years. Net income is one of the most important fundamental items in finance. It plays a large role in Forward Air financial statement analysis. It represents the amount of money remaining after all of Forward Air operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue. It is Forward Air's Net Loss 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.
| View | Last Reported (1.12 B) | 10 Years Trend |
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Net Income |
| Timeline |
Forward Net Income Regression Statistics
| Arithmetic Mean | (70,188,035) | |
| Coefficient Of Variation | (468.30) | |
| Mean Deviation | 240,021,822 | |
| Median | 54,467,000 | |
| Standard Deviation | 328,688,825 | |
| Sample Variance | 108036.3T | |
| Range | 1B | |
| R-Value | (0.57) | |
| Mean Square Error | 78152.2T | |
| R-Squared | 0.32 | |
| Significance | 0.02 | |
| Slope | (36,925,303) | |
| Total Sum of Squares | 1728581.5T |
Forward Net Income History
Other Fundumenentals of Forward Air
| Net Income Applicable To Common Shares | ||
| Net Income From Continuing Ops | ||
| Net Income Per Share | ||
| Net Income Per E B T |
Forward Air Net Income component correlations
Forward Net Income Driver Correlations
Understanding the fundamental principles of building solid financial models for Forward Air is extremely important. It helps to project a fair market value of Forward Stock properly, considering its historical fundamentals such as Net Income. Since Forward Air's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Forward Air's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Forward Air's interrelated accounts and indicators.
Click cells to compare fundamentals
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 (4.09) | Revenue Per Share | Quarterly Revenue Growth (0.04) | Return On Assets |
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.
Forward Air 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Forward Air's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Forward Air.
| 11/12/2025 |
| 02/10/2026 |
If you would invest 0.00 in Forward Air on November 12, 2025 and sell it all today you would earn a total of 0.00 from holding Forward Air or generate 0.0% return on investment in Forward Air over 90 days. Forward Air is related to or competes with FTAI Infrastructure, Quanex Building, Compass Diversified, T1 Energy, Aspen Aerogels, Ehang Holdings, and Vestis. Forward Air Corporation, together with its subsidiaries, operates as an asset-light freight and logistics company in the... More
Forward Air Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Forward Air's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Forward Air upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.6 | |||
| Information Ratio | 0.2229 | |||
| Maximum Drawdown | 23.49 | |||
| Value At Risk | (4.37) | |||
| Potential Upside | 5.31 |
Forward Air Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Forward Air's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Forward Air's standard deviation. In reality, there are many statistical measures that can use Forward Air historical prices to predict the future Forward Air's volatility.| Risk Adjusted Performance | 0.2104 | |||
| Jensen Alpha | 0.7068 | |||
| Total Risk Alpha | 0.457 | |||
| Sortino Ratio | 0.2807 | |||
| Treynor Ratio | 0.6549 |
Forward Air February 10, 2026 Technical Indicators
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.2104 | |||
| Market Risk Adjusted Performance | 0.6649 | |||
| Mean Deviation | 2.1 | |||
| Semi Deviation | 1.89 | |||
| Downside Deviation | 2.6 | |||
| Coefficient Of Variation | 395.32 | |||
| Standard Deviation | 3.27 | |||
| Variance | 10.69 | |||
| Information Ratio | 0.2229 | |||
| Jensen Alpha | 0.7068 | |||
| Total Risk Alpha | 0.457 | |||
| Sortino Ratio | 0.2807 | |||
| Treynor Ratio | 0.6549 | |||
| Maximum Drawdown | 23.49 | |||
| Value At Risk | (4.37) | |||
| Potential Upside | 5.31 | |||
| Downside Variance | 6.74 | |||
| Semi Variance | 3.58 | |||
| Expected Short fall | (2.36) | |||
| Skewness | 2.12 | |||
| Kurtosis | 11.32 |
Forward Air Backtested Returns
Forward Air appears to be very steady, given 3 months investment horizon. Forward Air secures Sharpe Ratio (or Efficiency) of 0.21, which denotes the company had a 0.21 % return per unit of risk over the last 3 months. By reviewing Forward Air's technical indicators, you can evaluate if the expected return of 0.53% is justified by implied risk. Please utilize Forward Air's Coefficient Of Variation of 395.32, downside deviation of 2.6, and Mean Deviation of 2.1 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Forward Air holds a performance score of 16. The firm shows a Beta (market volatility) of 1.25, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Forward Air will likely underperform. Please check Forward Air's semi variance, and the relationship between the maximum drawdown and accumulation distribution , to make a quick decision on whether Forward Air's price patterns will revert.
Auto-correlation | 0.73 |
Good predictability
Forward Air has good predictability. Overlapping area represents the amount of predictability between Forward Air time series from 12th of November 2025 to 27th of December 2025 and 27th of December 2025 to 10th of February 2026. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Forward Air price movement. The serial correlation of 0.73 indicates that around 73.0% of current Forward Air price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.73 | |
| Spearman Rank Test | 0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 2.19 |
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
| Competition |
Forward Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income |
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Based on the recorded statements, Forward Air reported net income of (1.12 Billion). This is 533.56% lower than that of the Air Freight & Logistics sector and significantly lower than that of the Industrials industry. The net income for all United States stocks is significantly higher than that of the company.
Forward Net Income Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Forward Air's direct or indirect competition against its Net Income to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Forward Air could also be used in its relative valuation, which is a method of valuing Forward Air by comparing valuation metrics of similar companies.Forward Air is currently under evaluation in net income category among its peers.
Forward Air ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Forward Air's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Forward Air's managers, analysts, and investors.Environmental | Governance | Social |
Forward Air Institutional Holders
Institutional Holdings refers to the ownership stake in Forward Air that is held by large financial organizations, pension funds or endowments. Institutions may hold large blocks of Forward Air's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Forward Air's value.| Shares | Ubs Group Ag | 2025-06-30 | 902.9 K | Cibc World Markets Inc. | 2025-06-30 | 841.9 K | Jpmorgan Chase & Co | 2025-06-30 | 786.9 K | Fmr Inc | 2025-06-30 | 632.1 K | Bank Of America Corp | 2025-06-30 | 611.3 K | Charles Schwab Investment Management Inc | 2025-06-30 | 586.5 K | Morgan Stanley - Brokerage Accounts | 2025-06-30 | 530.9 K | Geode Capital Management, Llc | 2025-06-30 | 526.9 K | Jefferies Financial Group Inc | 2025-06-30 | 384.6 K | Clearlake Capital Group Lp | 2025-06-30 | 3.8 M | Blackrock Inc | 2025-06-30 | 3.3 M |
Forward Fundamentals
| Return On Equity | -0.53 | ||||
| Return On Asset | 0.0154 | ||||
| Profit Margin | (0.05) % | ||||
| Operating Margin | 0.03 % | ||||
| Current Valuation | 2.96 B | ||||
| Shares Outstanding | 31.25 M | ||||
| Shares Owned By Insiders | 1.99 % | ||||
| Shares Owned By Institutions | 98.01 % | ||||
| Number Of Shares Shorted | 4.29 M | ||||
| Price To Earning | 117.29 X | ||||
| Price To Book | 6.76 X | ||||
| Price To Sales | 0.38 X | ||||
| Revenue | 2.47 B | ||||
| Gross Profit | 483.72 M | ||||
| EBITDA | (916.64 M) | ||||
| Net Income | (1.12 B) | ||||
| Cash And Equivalents | 46.85 M | ||||
| Cash Per Share | 1.74 X | ||||
| Total Debt | 2.15 B | ||||
| Debt To Equity | 0.41 % | ||||
| Current Ratio | 1.74 X | ||||
| Book Value Per Share | 4.48 X | ||||
| Cash Flow From Operations | (75.4 M) | ||||
| Short Ratio | 9.85 X | ||||
| Earnings Per Share | (4.09) X | ||||
| Price To Earnings To Growth | 2.01 X | ||||
| Target Price | 35.67 | ||||
| Number Of Employees | 6.32 K | ||||
| Beta | 1.32 | ||||
| Market Capitalization | 944.63 M | ||||
| Total Asset | 2.8 B | ||||
| Retained Earnings | (338.23 M) | ||||
| Working Capital | 88.45 M | ||||
| Current Asset | 173.46 M | ||||
| Current Liabilities | 109.04 M | ||||
| Five Year Return | 1.04 % | ||||
| Net Asset | 2.8 B | ||||
| Last Dividend Paid | 0.24 |
About Forward Air Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Forward Air's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Forward Air using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Forward Air based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.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:Check out For information on how to trade Forward Stock refer to our How to Trade Forward Stock guide.You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
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 (4.09) | Revenue Per Share | Quarterly Revenue Growth (0.04) | Return On Assets |
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.