Forward Air Corporation
FWRDNASDAQIndustrials● Active
$11.50
+$1.14(+11.00%)
Market Cap$363688029
P/E Ratio—
52W High$32.47
52W Low$7.86
Forward Air Corporation (FWRD) · Income Statement
Annual, quarterly, or TTM views · SEC 10-K & 10-Q via FMP · adjust period and M/B/T below.
FMP · FWRD · as of 2026-06-08
Financial statements
Revenue · Gross Profit · Net Income
| Breakdown | 2025-12 | 2024-12 | 2023-12 | 2022-12 | 2021-12 |
|---|---|---|---|---|---|
| Revenue | |||||
| Revenue | $2.50B | $2.47B | $1.37B | $1.68B | $1.39B |
| Cost of Revenue | $1.98B | $2.13B | $1.04B | $1.19B | $1.07B |
| Gross Profit | $0.51B | $0.34B | $0.33B | $0.49B | $0.31B |
| Gross Margin %(computed) | 20.48% | 13.73% | 24.09% | 29.27% | 22.63% |
| Operating Expenses | |||||
| R&D Expenses | $0.00B | $0.00B | $0.00B | $0.00B | $0.00B |
| G&A Expenses | $0.00B | $0.06B | $0.05B | $0.05B | $0.04B |
| Total Operating Expenses | $0.47B | $1.40B | $0.24B | $0.24B | $0.17B |
| Operating Income | $0.04B | ($1.06B) | $0.09B | $0.25B | $0.15B |
| Operating Margin %(computed) | 1.46% | -42.96% | 6.44% | 14.74% | 10.60% |
| Interest Income | $0.00B | $0.00B | $0.00B | $0.00B | $0.00B |
| Interest Expense | $0.18B | $0.19B | $0.03B | $0.01B | $0.00B |
| Income Before Tax | ($0.15B) | ($1.25B) | $0.06B | $0.24B | $0.14B |
| Income Tax Expense | ($0.01B) | ($0.12B) | $0.01B | $0.06B | $0.04B |
| Net Income | ($0.11B) | ($0.82B) | $0.17B | $0.19B | $0.11B |
| Net Margin %(computed) | -4.32% | -33.02% | 12.21% | 11.50% | 7.63% |
| Per Share & EBITDA | |||||
| EPS (Basic) | $-3.48 | $-29.43 | $0.44 | $7.18 | $3.87 |
| Wtd Avg Shares | 0.03B | 0.03B | 0.03B | 0.03B | 0.03B |
| EBITDA | $0.19B | ($0.92B) | $0.15B | $0.29B | $0.18B |
| EBITDA Margin %(computed) | 7.46% | -37.05% | 10.62% | 17.27% | 13.12% |
Data source: Financial Modeling Prep · Last updated: 2026-06-08 · USD · B
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About Forward Air Corporation (FWRD) Income Statement
Forward Air Corporation (FWRD) income statement data is sourced from SEC Form 10-K and 10-Q filings. For fiscal year 2025, FWRD reported revenue of $2.50B, gross profit of $0.51B (gross margin 20.48%), and net income of ($0.11B) — a net profit margin of -4.32%.
Frequently asked questions
FWRD · 4 questionsForward Air Corporation (FWRD) reported revenue of $2.50B for 2025, up 0.8% year-over-year.
FWRD revenueFWRD salesannual revenue YoYincome statement
· Source: FMP /stable/income-statement · SEC EDGAR Form 10-K & 10-Q · As of 2026-06-08