Forward Air Stock Today

FWRD Stock  USD 25.45  0.32  1.27%   

Performance

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Odds Of Distress

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Forward Air is trading at 25.45 as of the 5th of January 2026, a 1.27% increase since the beginning of the trading day. The stock's lowest day price was 25.41. Forward Air has 48 percent odds of going through some form of financial distress in the next two years and did not have a very good performance for investor during the last 90 trading days. The performance scores are derived for the period starting the 6th of November 2025 and ending today, the 5th of January 2026. Click here to learn more.
Business Domain
Transportation
IPO Date
16th of November 1993
Category
Industrials
Forward Air Corporation, together with its subsidiaries, operates as an asset-light freight and logistics company in the United States and Canada. Forward Air Corporation was founded in 1981 and is headquartered in Greeneville, Tennessee. Foward Air operates under Integrated Freight Logistics classification in the United States and is traded on NASDAQ Exchange. The company has 31.25 M outstanding shares of which 4.22 M shares are currently shorted by private and institutional investors with about 7.45 trading days to cover. More on Forward Air

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Forward Stock Highlights

ESG Sustainability
Environmental
Governance
Social
CEO PresidentShawn Stewart
Business ConcentrationAir Freight & Logistics, Integrated Freight & Logistics, Industrials, NASDAQ Composite, SP Small-Cap 600, NASDAQ Composite Total, Nasdaq Transportation, Industrials, Air Freight & Logistics, Integrated Freight & Logistics, Industrials (View all Sectors)
Average Analyst Recommendation
Financial Strength
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover1.671.02
Way Up
Slightly volatile
Gross Profit Margin0.150.16
Notably Down
Slightly volatile
Total Current Liabilities463.7 M441.7 M
Sufficiently Up
Slightly volatile
Non Current Liabilities Total2.6 B2.5 B
Sufficiently Up
Slightly volatile
Total Assets3.4 B3.2 B
Sufficiently Up
Slightly volatile
Total Current Assets570.5 M543.4 M
Sufficiently Up
Slightly volatile
Debt Levels
Forward Air can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Forward Air's financial leverage. It provides some insight into what part of Forward Air's total assets is financed by creditors.
Liquidity
Forward Air currently holds 2.15 B in liabilities with Debt to Equity (D/E) ratio of 0.41, which is about average as compared to similar companies. Forward Air has a current ratio of 1.71, which is within standard range for the sector. Note, when we think about Forward Air's use of debt, we should always consider it together with its cash and equity.

Change In Cash

(1.58 Billion)
Forward Air (FWRD) is traded on NASDAQ Exchange in USA and employs 6,319 people. Forward Air is listed under Air Freight & Logistics category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a current market capitalization of 785.27 M. Forward Air conducts business under Air Freight & Logistics sector and is part of Industrials industry. The entity has 31.25 M outstanding shares of which 4.22 M shares are currently shorted by private and institutional investors with about 7.45 trading days to cover. Forward Air currently holds about 46.85 M in cash with (75.4 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.74.
Check Forward Air Probability Of Bankruptcy
Ownership Allocation
The majority of Forward Air outstanding shares are owned by other corporate entities. These outside corporations are usually referred to as non-private investors looking to obtain positions in Forward Air to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Forward Air. Please pay attention to any change in the institutional holdings of Forward Air as this could imply that something significant has changed or is about to change at the company.
Check Forward Ownership Details

Forward Stock Institutional Holders

InstituionRecorded OnShares
Ubs Group Ag2025-06-30
902.9 K
Cibc World Markets Inc.2025-06-30
841.9 K
Jpmorgan Chase & Co2025-06-30
786.9 K
Fmr Inc2025-06-30
632.1 K
Bank Of America Corp2025-06-30
611.3 K
Charles Schwab Investment Management Inc2025-06-30
586.5 K
Morgan Stanley - Brokerage Accounts2025-06-30
530.9 K
Geode Capital Management, Llc2025-06-30
526.9 K
Jefferies Financial Group Inc2025-06-30
384.6 K
Clearlake Capital Group Lp2025-06-30
3.8 M
Blackrock Inc2025-06-30
3.3 M
View Forward Air Diagnostics

Forward Air Historical Income Statement

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 3 B, whereas Operating Income is projected to grow to (908.8 M). View More Fundamentals

Forward Stock Against Markets

Forward Air Corporate Management

James FaughtChief OfficerProfile
Rebecca GarbrickCFO TreasurerProfile
Nancee RonningChief OfficerProfile
Tim OsborneExecutive OperationsProfile
Jamie PiersonChief OfficerProfile
Douglas SmithChief OfficerProfile
Jason RinggenbergInterim OfficerProfile
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 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 population.
For information on how to trade Forward Stock refer to our How to Trade Forward Stock guide.
You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
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
(4.05)
Revenue Per Share
82.656
Quarterly Revenue Growth
(0.04)
Return On Assets
0.0154
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.