Stocktoria
FORWARD AIR CORP FWRD
Nasdaq · stock · Arrangement of Transportation of Freight & Cargo · website · IPO 2020-09-09
FORWARD AIR CORP financials (annual)
Bars are annual figures from 2016 to 2025; red bars are negative (a loss or cash outflow).
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.5B | $2.5B | $1.4B | $1.7B | $1.4B | $1.3B | $1.2B | $1.1B | $1.2B | $1.0B |
| Operating income | $36.4M | -$1.1B | $88.2M | $247.6M | $147.0M | $73.9M | $112.4M | $117.2M | $108.8M | $59.7M |
| Interest expense | — | — | $31.6M | $5.1M | $4.3M | $4.6M | $2.7M | $1.8M | $1.2M | $1.6M |
| Income tax | -$5.5M | -$125.0M | $13.8M | $63.0M | $35.8M | $16.6M | $27.4M | $26.9M | $20.3M | $30.6M |
| Net income | -$107.8M | -$817.0M | $167.4M | $193.2M | $105.9M | $23.7M | $87.1M | $92.1M | $87.3M | $27.5M |
| EPS (diluted) | $-3.51 | $-30.63 | $6.40 | $7.14 | $3.85 | $0.84 | $3.04 | $3.12 | $2.89 | $0.90 |
| Operating cash flow | $44.4M | -$69.0M | $199.2M | $250.2M | $120.6M | $96.1M | $159.0M | $152.6M | $103.4M | $130.4M |
| Free cash flow | $15.3M | -$106.1M | $168.5M | $210.9M | $82.2M | $75.8M | $137.0M | $113.0M | $65.1M | $88.2M |
| Cash & equivalents | $106.0M | $104.9M | $122.0M | $45.8M | $37.3M | $40.3M | $64.7M | $25.7M | $3.9M | $8.5M |
| Inventory | — | — | — | — | — | — | $2.1M | $2.2M | $1.4M | $1.3M |
| Total assets | $2.7B | $2.8B | $3.0B | $1.2B | $1.1B | $1.0B | $990.9M | $760.2M | $692.6M | $644.0M |
| Total liabilities | $2.6B | — | — | — | — | — | — | — | — | — |
| Shareholders' equity | $161.7M | $285.9M | $764.3M | $707.2M | $593.7M | $547.3M | $577.2M | $553.2M | $532.7M | $498.3M |
Growth · year-over-year · Revenue CAGR 10.3%
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth | +0.8% | +80.5% | -18.4% | +21.1% | +9.3% | +4.5% | +6.8% | -2.7% | +13.5% | +7.4% |
| Net income growth | — | -588.2% | -13.4% | +82.5% | +346.0% | -72.8% | -5.4% | +5.5% | +217.2% | -50.5% |
| EPS growth | — | -578.6% | -10.4% | +85.5% | +358.3% | -72.4% | -2.6% | +8.0% | +221.1% | -49.4% |
| Free cash flow growth | — | -163.0% | -20.1% | +156.5% | +8.4% | -44.6% | +21.3% | +73.6% | -26.2% | +94.9% |
Each column is the change versus the prior fiscal year. Growth off a negative or zero base is shown as “—”. CAGR is the compound annual revenue growth across the years shown.
Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.