NASDAQ:FWRD
Forward Air Corp.
Forward Air Corp.'s revenue grew 0.8% in fiscal 2025 to $2.5B while operating margin rose to 1.5%. Free cash flow was $15.3M, 0.6% of revenue, and the diluted share count rose 11.5%.Summary generated from Forward Air Corp.'s SEC filings. Latest annual report filed Mar 11, 2026.
Key statistics
Fiscal 2025 from SEC filings. MethodologyRevenue (FY25)$2.5B
Revenue growth+0.8%
Revenue, 5-yr CAGR+14.5%
Gross marginn/a
Operating margin1.5%
Net margin−4.3%
ROIC1.7%
Return on equity−68.4%
Debt / equity14.89
Free cash flow$15.3M
FCF margin0.6%
Share count change+11.5%
Financials
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | 1,387 | 1,680 | 1,371 | 2,474 | 2,495 |
| Operating income | 147 | 248 | 88 | −1,063 | 36 |
| Net income | 106 | 193 | 167 | −817 | −108 |
| Free cash flow | 82 | 211 | 168 | −106 | 15 |
Recent filings
- 10-QQuarterly report for the period ended Jun 30, 2026
Aug 5, 2026 - 8-KResults of operations and financial condition
Aug 5, 2026 - 8-KRegulation FD disclosure
Jul 21, 2026 - 8-KDirector or officer change
Jul 10, 2026 - 4Insider transaction report
Jun 22, 2026 - 4Insider transaction report
Jun 22, 2026 - 8-KResults of a shareholder vote
Jun 17, 2026 - 10-QQuarterly report for the period ended Mar 31, 2026
May 11, 2026