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FWRD FORWARD AIR CORP

Trailing twelve months to 2026-06-30 · as filed 2026-08-05, not restated
Industrials

Scale

Market cap
$599m
Revenue TTM
$2.5bn
Net income TTM
$-286m
Free cash flow
$48m
Composite score
33.3
Sector rank
#2311

Valuation

P / E
EV / EBITDA
EV / sales
0.9
FCF yield
8.05%
Earnings yield vs 10-yr
-52.53pp

Earnings yield vs 10-yr compares what the business earns per pound invested against the 4.73% a 10-year US Treasury note pays for no equity risk. Negative means you are paying up front for growth not yet delivered.

Quality and growth

Net margin
-11.4%
EBITDA margin
-0.5%
ROE
247.9%
ROIC
-11.7%
Revenue growth
-0.1%

Insider activity, last 90 days

Net open-market
$0.00m
Buyers
0
Sellers
0

Open-market purchases and sales only. Grants, option exercises, gifts and shares withheld for tax are excluded: they are how people are paid, not what they think.

What management said

In addition, our earnings are affected by the growth of other services, such as LTL pickup and delivery, which support revenue growth in a challenging freight environment. Key Operating Statistics Within our Expedited Freight reportable segment, our primary revenue focus is to optimize density, which is to obtain appropriate pricing of our services that allows for profitable shipments and tonnage growth within our existing LTL network. Fluctuations in weight per shipment generally have an inverse effect on our revenue per hundredweight, as a decrease in weight per shipment will typically cause an increase in revenue per hundredweight. …FORWARD AIR CORP, 10-Q, period ended 2026-06-30, filed 2026-08-05

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