Forward Historical Income Statement

FWRD Stock

USD 35.99 0.04 0.11%

Historical analysis of Forward Air income statement accounts such as Total Revenue of 1.4 B or Gross Profit of 203.2 M can show how well Forward Air performed in making a profits. Evaluating Forward Air income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Forward Air's future profits or losses.

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Financial Statement Analysis is much more than just reviewing and examining Forward Air latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Forward Air is a good buy for the upcoming year.

Net Income Gross Profit

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Forward Air. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

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

About Forward Income Statement Analysis

Forward Air Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Forward Air shareholders. The income statement also shows Forward investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Forward Air Income Statement Chart

At present, Forward Air's Interest Expense is projected to increase significantly based on the last few years of reporting. The current year's Total Revenue is expected to grow to about 1.4 B, whereas Other Operating Expenses is forecasted to decline to about 663 M.

Total Revenue Gross Profit Other Operating Expenses Operating Income Net Income Applicable To Common Shares

Total Revenue

Total revenue comprises all receipts Forward Air generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Forward Air minus its cost of goods sold. It is profit before Forward Air operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Forward Air. It is also known as Forward Air overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Operating Income

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. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Net Income Applicable To Common Shares

The net income that remains after preferred dividends have been deducted, available to common shareholders.

Most accounts from Forward Air's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Forward Air current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Forward Air. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

For information on how to trade Forward Stock refer to our How to Trade Forward Stock guide.At present, Forward Air's Interest Expense is projected to increase significantly based on the last few years of reporting. The current year's Total Revenue is expected to grow to about 1.4 B, whereas Other Operating Expenses is forecasted to decline to about 663 M.

	2021	2022	2023	2024 (projected)
Gross Profit	365.3M	546.8M	330.2M	203.2M
Total Revenue	1.7B	2.0B	1.4B	1.4B

Gross Profit Total Revenue

Forward Air income statement Correlations

	Depreciation And Amortization	Interest Expense	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Cost Of Revenue	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Selling General Administrative	Net Income From Continuing Ops	Research Development	Non Operating Income Net Other	Non Recurring	Tax Provision	Interest Income	Net Interest Income	Discontinued Operations	Reconciled Depreciation	Extraordinary Items	Selling And Marketing Expenses
Depreciation And Amortization		0.68	0.82	0.55	0.68	0.42	0.48	0.67	0.83	0.67	0.35	-0.54	0.78	0.24	-0.14	0.35	0.8	-0.42	-0.59	-0.03	0.26	-0.64	0.56	0.55	-0.59	-0.59
Interest Expense	0.68		0.4	0.19	0.16	-0.03	0.0	0.18	0.38	0.58	-0.12	-0.66	0.71	-0.19	0.11	0.0	0.44	-0.24	-0.94	-0.33	0.39	-1.0	0.68	0.82	-0.94	-0.94
Total Revenue	0.82	0.4		0.85	0.93	0.78	0.82	0.91	0.99	0.77	0.74	-0.26	0.81	0.56	-0.09	0.75	0.86	-0.47	-0.27	0.46	0.47	-0.36	0.69	0.36	-0.27	-0.27
Gross Profit	0.55	0.19	0.85		0.87	0.9	0.9	0.91	0.78	0.86	0.85	-0.11	0.73	0.74	0.24	0.82	0.67	-0.33	-0.01	0.71	0.5	-0.18	0.67	0.38	-0.01	-0.01
Other Operating Expenses	0.68	0.16	0.93	0.87		0.8	0.81	0.86	0.93	0.73	0.74	-0.12	0.64	0.55	-0.12	0.7	0.88	-0.44	0.05	0.52	0.51	-0.14	0.54	0.26	0.05	0.05
Operating Income	0.42	-0.03	0.78	0.9	0.8		0.98	0.94	0.73	0.6	0.99	0.15	0.67	0.88	-0.03	0.95	0.6	-0.2	0.14	0.82	0.34	0.05	0.55	0.19	0.14	0.14
Ebit	0.48	0.0	0.82	0.9	0.81	0.98		0.97	0.77	0.6	0.97	-0.01	0.67	0.91	-0.06	0.92	0.63	-0.23	0.09	0.83	0.27	0.02	0.57	0.19	0.09	0.09
Ebitda	0.67	0.18	0.91	0.91	0.86	0.94	0.97		0.87	0.68	0.91	-0.15	0.77	0.83	-0.09	0.87	0.74	-0.3	-0.08	0.7	0.3	-0.15	0.63	0.31	-0.08	-0.08
Cost Of Revenue	0.83	0.38	0.99	0.78	0.93	0.73	0.77	0.87		0.7	0.69	-0.26	0.76	0.5	-0.18	0.7	0.89	-0.48	-0.25	0.4	0.45	-0.34	0.64	0.31	-0.25	-0.25
Total Operating Expenses	0.67	0.58	0.77	0.86	0.73	0.6	0.6	0.68	0.7		0.51	-0.36	0.81	0.37	0.43	0.53	0.65	-0.38	-0.37	0.33	0.63	-0.58	0.78	0.67	-0.37	-0.37
Income Before Tax	0.35	-0.12	0.74	0.85	0.74	0.99	0.97	0.91	0.69	0.51		0.22	0.6	0.91	-0.04	0.96	0.52	-0.17	0.2	0.85	0.26	0.15	0.48	0.07	0.2	0.2
Total Other Income Expense Net	-0.54	-0.66	-0.26	-0.11	-0.12	0.15	-0.01	-0.15	-0.26	-0.36	0.22		-0.32	0.09	0.02	0.22	-0.36	0.25	0.61	0.17	-0.09	0.65	-0.4	-0.55	0.61	0.61
Net Income	0.78	0.71	0.81	0.73	0.64	0.67	0.67	0.77	0.76	0.81	0.6	-0.32		0.45	0.06	0.68	0.7	-0.3	-0.61	0.31	0.45	-0.7	0.85	0.74	-0.61	-0.61
Income Tax Expense	0.24	-0.19	0.56	0.74	0.55	0.88	0.91	0.83	0.5	0.37	0.91	0.09	0.45		-0.05	0.79	0.36	0.01	0.21	0.85	0.17	0.21	0.38	0.02	0.21	0.21
Selling General Administrative	-0.14	0.11	-0.09	0.24	-0.12	-0.03	-0.06	-0.09	-0.18	0.43	-0.04	0.02	0.06	-0.05		0.01	-0.39	-0.03	-0.1	0.04	0.17	-0.12	0.14	0.14	-0.1	-0.1
Net Income From Continuing Ops	0.35	0.0	0.75	0.82	0.7	0.95	0.92	0.87	0.7	0.53	0.96	0.22	0.68	0.79	0.01		0.49	-0.22	0.05	0.81	0.26	0.03	0.57	0.14	0.05	0.05
Research Development	0.8	0.44	0.86	0.67	0.88	0.6	0.63	0.74	0.89	0.65	0.52	-0.36	0.7	0.36	-0.39	0.49		-0.37	-0.23	0.25	0.48	-0.43	0.62	0.47	-0.23	-0.23
Non Operating Income Net Other	-0.42	-0.24	-0.47	-0.33	-0.44	-0.2	-0.23	-0.3	-0.48	-0.38	-0.17	0.25	-0.3	0.01	-0.03	-0.22	-0.37		0.16	-0.09	-0.12	0.21	-0.27	-0.16	0.16	0.16
Non Recurring	-0.59	-0.94	-0.27	-0.01	0.05	0.14	0.09	-0.08	-0.25	-0.37	0.2	0.61	-0.61	0.21	-0.1	0.05	-0.23	0.16		0.39	-0.16	0.92	-0.56	-0.66	1.0	1.0
Tax Provision	-0.03	-0.33	0.46	0.71	0.52	0.82	0.83	0.7	0.4	0.33	0.85	0.17	0.31	0.85	0.04	0.81	0.25	-0.09	0.39		0.21	0.34	0.36	-0.03	0.39	0.39
Interest Income	0.26	0.39	0.47	0.5	0.51	0.34	0.27	0.3	0.45	0.63	0.26	-0.09	0.45	0.17	0.17	0.26	0.48	-0.12	-0.16	0.21		-0.41	0.57	0.43	-0.16	-0.16
Net Interest Income	-0.64	-1.0	-0.36	-0.18	-0.14	0.05	0.02	-0.15	-0.34	-0.58	0.15	0.65	-0.7	0.21	-0.12	0.03	-0.43	0.21	0.92	0.34	-0.41		-0.68	-0.84	0.92	0.92
Discontinued Operations	0.56	0.68	0.69	0.67	0.54	0.55	0.57	0.63	0.64	0.78	0.48	-0.4	0.85	0.38	0.14	0.57	0.62	-0.27	-0.56	0.36	0.57	-0.68		0.65	-0.56	-0.56
Reconciled Depreciation	0.55	0.82	0.36	0.38	0.26	0.19	0.19	0.31	0.31	0.67	0.07	-0.55	0.74	0.02	0.14	0.14	0.47	-0.16	-0.66	-0.03	0.43	-0.84	0.65		-0.66	-0.66
Extraordinary Items	-0.59	-0.94	-0.27	-0.01	0.05	0.14	0.09	-0.08	-0.25	-0.37	0.2	0.61	-0.61	0.21	-0.1	0.05	-0.23	0.16	1.0	0.39	-0.16	0.92	-0.56	-0.66		1.0
Selling And Marketing Expenses	-0.59	-0.94	-0.27	-0.01	0.05	0.14	0.09	-0.08	-0.25	-0.37	0.2	0.61	-0.61	0.21	-0.1	0.05	-0.23	0.16	1.0	0.39	-0.16	0.92	-0.56	-0.66	1.0

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Forward Air Account Relationship Matchups

Forward Air income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Depreciation And Amortization	42.1M	37.1M	39.6M	42.6M	57.4M	60.3M
Interest Expense	2.7M	4.6M	4.3M	5.1M	31.6M	33.1M
Total Revenue	1.4B	1.3B	1.7B	2.0B	1.4B	1.4B
Gross Profit	287.9M	229.1M	365.3M	546.8M	330.2M	203.2M
Other Operating Expenses	1.3B	1.2B	1.5B	1.7B	1.3B	663.0M
Operating Income	118.8M	73.9M	159.3M	266.0M	88.2M	74.8M
Ebit	118.8M	73.9M	159.3M	247.6M	88.2M	92.6M
Ebitda	160.9M	111.0M	198.9M	290.1M	145.6M	152.9M
Cost Of Revenue	1.1B	1.0B	1.3B	1.4B	1.0B	1.1B
Total Operating Expenses	169.1M	155.2M	206.0M	280.8M	299.3M	184.6M
Income Before Tax	116.1M	69.4M	155.0M	260.8M	56.6M	71.2M
Total Other Income Expense Net	(2.7M)	(4.6M)	(4.3M)	(5.1M)	(31.6M)	(30.0M)
Net Income	87.1M	52.8M	105.9M	193.2M	167.4M	175.7M
Income Tax Expense	29.0M	16.6M	38.9M	67.6M	13.8M	22.7M
Selling General Administrative	45.4M	34.9M	42.2M	49.8M	50.1M	47.6M
Net Income Applicable To Common Shares	87.1M	23.7M	105.9M	193.2M	222.2M	233.3M
Net Income From Continuing Ops	87.1M	52.8M	116.1M	193.2M	42.8M	78.7M
Research Development	1.7M	2.1M	2.4M	2.6M	2.9M	1.6M
Non Operating Income Net Other	(11K)	(2K)	(1K)	(3K)	(2.7K)	(2.6K)
Tax Provision	29.0M	16.6M	38.9M	67.6M	13.8M	13.1M
Net Interest Income	(2.7M)	(4.6M)	(4.3M)	(5.1M)	(31.6M)	(30.0M)
Reconciled Depreciation	42.1M	37.1M	39.6M	47.4M	57.4M	48.2M

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

You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.

Is Air Freight & Logistics space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Forward Air. If investors know Forward will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Forward Air listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

1.45

Earnings Share

(29.26)

Revenue Per Share

81.783

Quarterly Revenue Growth

0.924

Return On Assets

0.0296

The market value of Forward Air is measured differently than its book value, which is the value of Forward that is recorded on the company's balance sheet. Investors also form their own opinion of Forward Air's value that differs from its market value or its book value, called intrinsic value, which is Forward Air's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Forward Air's market value can be influenced by many factors that don't directly affect Forward Air's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic 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. However, Forward Air's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Forward Historical Income Statement

About Forward Income Statement Analysis

Forward Air Income Statement Chart

Total Revenue

Gross Profit

Other Operating Expenses

Operating Income

Net Income Applicable To Common Shares

Forward Air income statement Correlations

Forward Air Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Forward Air income statement Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Extraordinary Items	+ 1.0	Non Recurring
Selling And Marketing Expenses	+ 1.0	Non Recurring
Selling And Marketing Expenses	+ 1.0	Extraordinary Items
Cost Of Revenue	+ 0.99	Total Revenue
Income Before Tax	+ 0.99	Operating Income
Ebit	+ 0.98	Operating Income

Net Interest Income	- 1.0	Interest Expense
Selling And Marketing Expenses	- 0.94	Interest Expense
Extraordinary Items	- 0.94	Interest Expense
Non Recurring	- 0.94	Interest Expense
Reconciled Depreciation	- 0.84	Net Interest Income
Net Interest Income	- 0.7	Net Income