FORWARD AIR CORP
FWRDNASDAQTrading Snapshot
- Day Range
- $357.12 β $364.69
- 52-Week Range
- $7.86 β $31.18
- Volume
- $2.11B
- Avg Volume
- $2.23B
- Shares Outstanding
- 31.6M
- Next Earnings
- Nov 16, 2026
Fundamentals Snapshot
- Annual Revenue
- $2.50B
- Last Q Revenue
- $673M
- P/E Ratio
- β
- P/S Ratio
- 0.2x
- EPS (TTM)
- $-8.90
- Dividend Yield
- 0.00%
- Dilution (1yr)
- +5.5%
Why Investors Own FWRD
- βHigh-growth profile β revenue up +59.2% YoY with expanding US Equity exposure.
- βHealthy economics β 28% gross margin and 20% free-cash-flow margin.
- βNew products and segments could unlock additional revenue streams.
Execution delays, intensifying competition, and valuation compression if growth decelerates.
FORWARD AIR CORP
FWRDAbout FORWARD AIR CORP
Forward Air Corporation, including its various subsidiaries, functions as a streamlined transportation and logistics enterprise throughout the United States and Canada, operating with an asset-light model. The company's business is structured into two principal divisions: Expedited Freight and Intermodal. The Expedited Freight segment delivers time-sensitive regional, inter-regional, and national less-than-truckload (LTL) services, complemented by local collection and delivery capabilities. This comprehensive segment also extends to final-mile services, full truckload transport, cargo consolidation and deconsolidation, storage solutions, customs brokerage, and general freight handling. Furthermore, it encompasses expedited truckload brokerage, dedicated fleet operations, and specialized logistics for high-security or temperature-sensitive goods. The Intermodal segment primarily focuses on drayage services for intermodal containers. It also provides contract warehousing as well as container freight station (CFS) warehousing and related handling services. Forward Air caters to a diverse customer base, which includes freight forwarders, third-party logistics (3PL) providers, integrated air cargo companies, both passenger and cargo airlines, ocean carriers, and retailers. Founded in 1981, Forward Air Corporation is based in Greeneville, Tennessee.
Otter Score Breakdown
How it's scoredFive components, each rated 1β5β and equally weighted (20%), averaged to a 0β100 score:π Quality β gross marginπ Growth β revenue YoYβοΈ Valuation β P/S ratioβ‘ Momentum β 30-day price changeπ§ Dilution β 1-yr share issuance (buybacks score higher)Analyst Price Target
βLatest News & Updates
FORWARD AIR CORP tops quarterly estimates as demand accelerates
Revenue grew double digits with management guiding above consensus; margins continued to expand.
Analysts lift FWRD price targets on improving margins
Several firms raised targets, citing stronger free cash flow and a healthier backlog.
FORWARD AIR CORP announces new agreement to expand its footprint
The move broadens the companyβs reach and could add incremental revenue over the next year.