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

Avg Volume1.2M

Open$10.49

Beta1.42

Net Income Financials Revenue

Forward Air Corporation (FWRD) Net Income & Profit History

Annual & trailing net income, net margin, YoY change, and peer profitability context.

FWRD · net income · updated Jun 9, 2026

Core profitability metrics

FWRD · net income · margin · TTM · CAGR

Net income was −$107.8M for FY2025 (fiscal year ending 2025-12-31), up 86.8% year-over-year. Net profit margin was -4.3%. Based on available data, Forward Air Corporation has been profitable since at least 2011.

FY2025 Net Income−$107.8M▲ +86.8% YoY

Trailing 12M (TTM)−$91.5Mtrailing 4 quarters sum

Net Profit Margin-4.3%−$107.8M ÷ $2.50B

YoY Change+86.8%—

5-Year CAGRN/AN/A — contains loss years

FormulaNet Margin = Net Income ÷ Revenue × 100TTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /income-statement · US GAAP · USDUpdated: Jun 9, 2026

Annual net income history

Net Income (bars) · Net Profit Margin % (line)

Net IncomeNet LossNet Margin %★ First Profit: 2011

▸ FMP /income-statement · Annual · FWRD net income history · FWRD profit margin

Annual net income data

FWRD · net income history · annual / quarterly

Fiscal YearNet IncomeYoY ChangeNet MarginRevenue

FY2025Loss−$107.8M▲ +86.8%-4.3%$2.50B

FY2024Loss−$817.0M▼ 588.2%-33.0%$2.47B

FY2023$167.4M▼ 13.4%12.2%$1.37B

FY2022$193.2M▲ +82.5%11.5%$1.68B

FY2021$105.9M▲ +346.0%7.6%$1.39B

Net income vs peers (Industrials)

FWRD vs peers · net income

#CompanyNet IncomeYoYNet MarginRelative

Forward Air CorporationYOU

FWRD

−$107.8M+86.8%-4.3%

Loss

Space Exploration Technologies Corp.

SPCX

−$4.94B-724.1%-26.4%

Loss

Industrials · Sorted by Net Income · FMP /income-statementFull Net Income Rankings →

About Net Income & Methodology

Forward Air Corporation (FWRD) reported net income of −$107.8M for FY2025 (fiscal year ending 2025-12-31), up 86.8% year-over-year. The net profit margin was -4.3% — meaning the company kept $-0.04 of every dollar of revenue as profit.

Based on available data, Forward Air Corporation has been profitable since at least 2011. Net income reached a peak of $193.2M in FY2022. Data available for 15 fiscal years.

Forward Air Corporation's net profit margin was -4.3% for FY2025, based on the latest annual results.

Investors sometimes search for "Forward Air Corporation net worth" — the company's market capitalization is a separate figure from FWRD net income. Data sourced from FMP /income-statement · US GAAP · USD.

Figures tie to SEC 10-K/10-Q and FMP /income-statement where noted.

Revenue Financial statements Earnings Forecast Price history Market cap Free cash flow

Frequently asked questions

FWRD net income · 4 questions

Forward Air Corporation is not currently profitable on an annual basis. The company reported a net loss of $107.8M for FY2025.

is FWRD profitabledoes FWRD make a profitFWRD profitabilityFWRD profitable company

▸ Source: FMP /income-statement · GAAP · Forward Air Corporation · Forward Air Corporation SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 9, 2026