Stock UniverseDerived research view · source repositories remain read-only

Forward Air Corporation (FWRD)

Transportation / Logistics / Mobility · Industrials / Integrated Freight & Logistics
Score Band
Qualified
Selection Score
36.15
Global Rank
1058
Market Cap
790.27M
Latest Close
10.36
RS Composite
-55.77% · G#3309

Price Movement

3Y daily adjusted close
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Adjusted close SMA60D
1M
-43.57%
3M
-52.78%
6M
-58.89%
1Y
-42.41%
3Y
-89.27%
5Y
-89.03%
10Y
-75.26%

Volume

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Volume Volume MA20D

Latest volume: 596.06K · 30-day average: 1.64M · Max drawdown over stored range: -93.19%

Research Snapshot

Relative Strength vs SPX

RS Composite-55.77%
20D RS-40.85%
60D RS-52.64%
120D RS-66.37%
Global RS Rank3309 · 1.37% percentile
Qualified+ RS Rank1255 · 0.24% percentile
Group ScopeQualified+
Primary RS Rank132 · 0.75% percentile
Snapshot Date2026-06-05

RS uses adjusted close where available. Global RS Rank is recalculated from the current non-low pool. Group RS Rank is recalculated inside the company’s own actionable band group.

Research Links

StockAnalysis
Yahoo Finance
Perplexity Finance
Finviz
Seeking Alpha
WhaleWisdom
FinanceCharts
SEC EDGAR Search
SEC Company Search

Official company website and investor-relations URLs are not inferred unless a reliable dynamic source is added.

Classification

Primary Rank36 / 208
Primary Percentile83.17
Score Notesmarket-cap support, industry-tailwind, innovation-keyword, small-cap penalty

Gemini Deep Research

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Manual Estimates

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Forward Valuation

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SEC TTM Fundamentals

PeriodFiledRevenueGross ProfitOperating IncomeNet IncomeEPS DilutedOperating Cash FlowCapital ExpenditureFree Cash FlowShares DilutedGross MarginOperating MarginNet MarginOCF MarginFCF MarginCash + ST Inv.Total Debt
TTM through 2025-12-312026-03-112.50Bn/a36.42M-107.80M-3.51n/a57.67Mn/a31Mn/a1.46%-4.32%n/an/a106.00M1.69B

SEC TTM. Read-only SEC TTM snapshot. Shares Diluted is the rolling average across the four-quarter window.

TTM Valuation

PeriodEPS DilutedP/ERevenue / ShareP/SFCF / ShareP/FCF MultipleOCF / ShareP/CF Multiple
TTM through 2025-12-31$-3.51-3.0x$81.240.1xn/an/an/an/a

Shares Diluted: 31M. SEC TTM. Read-only SEC TTM snapshot. Shares Diluted is the rolling average across the four-quarter window.

Financial Statement Metrics

MetricFY 2020FY 2021FY 2022FY 2023FY 2024FY 2025
Revenue1269.5731387.2271679.6341370.7352474.2622495.118
Revenue Growth (YoY)4.476%9.267%21.079%-18.391%80.506%0.843%
Gross Profit266.238348.92534.217387.557483.629490.815
Operating Income73.924147.025247.591145.746.92836.424
Free Cash Flow64.39881.886219.836150.663-112.46215.268
Free Cash Flow Per Share2.32538.1645.794-4.0840.497
EPS (Diluted) GAAP0.8417273.8526267.1416616.425037-30.631917-3.51
EPS Growth-72.3%357.705%85.371%-10.034%9100%
EPS Non-GAAP
Gross Margin20.971%25.152%31.805%28.274%19.546%19.671%
Operating Margin5.823%10.598%14.741%10.629%1.897%1.46%
Profit Margin1.839%7.578%11.438%12.146%-33.019%-4.32%
Free Cash Flow Margin5.072%5.903%13.088%10.991%-4.545%0.612%
Shares Outstanding (Diluted)27.69727.29226.92626.00327.5430.7111
Shares Change (YoY)-2.158%-1.462%-1.341%-3.428%5.911%11.515%

SEC Quarterly Fundamentals

Revenue + Operating Margin
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Revenue Operating Margin
Quarter Filed Revenue Gross Margin Operating Income Op Margin Net Income Net Margin EPS Diluted Shares Diluted Cash + ST Inv. Total Debt Confidence
2025 Q42026-03-11631.23Mn/a-2.87M-0.45%-28.33M-4.49%-0.9131.26M106.00M1.69Bprocessed
2025 Q32025-11-05631.76Mn/a15.01M2.38%-16.25M-2.57%-0.5230.97M140.35M1.68Bprocessed
2025 Q22025-08-11618.84Mn/a19.52M3.15%-12.58M-2.03%-0.4130.43M95.13M1.68Bprocessed
2025 Q12025-05-07613.28Mn/a4.76M0.78%-50.64M-8.26%-1.6830.19M116.31M1.68Bprocessed
2024 Q42025-03-24632.85Mn/a75.86M11.99%-36.42M-5.75%-1.2529.21M104.90M1.68Bprocessed
2024 Q32024-11-08655.94Mn/a22.70M3.46%-73.41M-11.19%-2.6627.94M136.62M1.67Bprocessed
2024 Q22024-08-09643.67Mn/a-1.10B-1.70%-645.43M-1.00%-23.4726.80M84.89M1.68Bprocessed
2024 Q12024-05-15541.81Mn/a-65.73M-12.13%-61.71M-11.39%-2.8126.22M152.04M1.66Bprocessed
2023 Q42024-03-15128.04Mn/a-8.00M-6.25%101.74M79.46%3.9625.72M121.97M106.59Mprocessed
2023 Q32023-11-09413.45Mn/a15.49M3.75%9.29M2.25%0.3625.77M18.84M118.86Mprocessed
2023 Q22023-08-07402.18Mn/a30.21M7.51%19.95M4.96%0.7626.04M18.28M119.77Mprocessed
2023 Q12023-05-10427.07Mn/a50.51M11.83%36.37M8.52%1.3726.48M32.03M150.68Mprocessed
2022 Q42023-03-01481.20Mn/a61.41M12.76%42.94M8.92%1.6126.71M45.82M106.59Mprocessed
2022 Q32022-11-09510.02Mn/a71.67M14.05%52.13M10.22%1.9326.90M46.85M106.93Mprocessed
2022 Q22022-08-09515.22Mn/a75.55M14.66%55.43M10.76%2.0426.99M47.39M147.28Mprocessed
2022 Q12022-05-09466.96Mn/a57.35M12.28%42.69M9.14%1.5727.10M61.63M155.12Mprocessed
2021 Q42022-03-01459.93Mn/a51.98M11.30%40.47M8.80%1.4927.11M37.32M155.47Mprocessed
2021 Q32021-11-08419.62Mn/a42.48M10.12%23.54M5.61%0.8627.14M51.93Mn/aprocessed
2021 Q22021-08-10420.67Mn/a42.12M10.01%30.68M7.29%1.1127.41M50.84Mn/aprocessed
2021 Q12021-05-04362.20Mn/a22.72M6.27%11.18M3.09%0.4027.50M24.40Mn/aprocessed

SEC processed quarterly CSV. Compact derived quarterly view from SEC processed CSV. Source files remain read-only in the SEC repository. EPS is as filed and may not be split-adjusted across older periods. StockAnalysis Financial Statement Metrics remain unchanged above.