The Bid & Ask

Quotations, Dispatches, and the Daily Tape

Thursday, August 13, 2026

Subject of the day

FWRD

Concerning the House

Forward Air Corporation, together with its subsidiaries, operates as an asset-light freight and logistics company in the United States, Mexico, Europe, Asia, and Canada. The company operates through three segments: Expedited Freight, Omni Logistics, and Intermodal. Its Expedited Freight segment provides expedited regional, inter-regional, and national less-than-truckload services; local pick-up and delivery services; and other services, which include shipment consolidation and deconsolidation, warehousing, customs brokerage, and other handling. This segment offers expedited truckload brokerage, dedicated fleet, and high security and temperature-controlled logistics services. The Omni Logistics segment offers full suite of global logistics services, such as air and ocean freight consolidation and forwarding, customs brokerage, warehousing and distribution, value-added services, time-definite transportation services, and other supply chain solutions. Its Intermodal segment provides intermodal container drayage services; and contract and container freight station warehouse and handling services. The company serves freight forwarders, third-party logistics companies, integrated air cargo carriers and passenger, passenger and cargo airlines, steamship lines, and retailers. Forward Air Corporation was incorporated in 1981 and is headquartered in Dallas, Texas.

United States · www.forwardair.com

The Long Run

FY 2010–2025 · 16 years

LineLatestCAGRTrend
Revenue$2.50B+11.7%
Operating income$88.21M+3.6%
Net income-$107.80M+14.8%
Cash from ops$152.55M+12.2%
Quotation

$20.20

+0.71 (+3.6%)

52w hi$31.76
52w lo$8.31
Vol504.16K
As ofAug 13
The Verdict

Hold

Our score -0.37

Short-0.08
Medium-0.38
Long-0.93

computed 2026-08-13

By the Numbers

Forward Air Corporation

Industrials · Integrated Freight & Logistics

Market cap$682.37M
Enterprise value$2.62B
Trailing P/E
Forward P/E46.98x
EV / EBITDA9.30x
P / S (ttm)0.27x
Profit margin-11.4%
Return on equity-735.7%
Revenue growth+8.8%
Earnings growth
Debt / equity
Risk Metrics
Beta vs SPX2.20
Corr SPX0.44
Annual vol81.0%
Annual ret+19.8%
Sharpe0.24
Max DD-79.3%

Window: 504 trading days (504 obs)

Layer Breakdown
LayerRawContribution
Fundamental-0.19
Sector+0.07
Technical-0.07
Earnings+0.00
Sentiment+0.00

macro × 1.00 · 2026-08-13

Recent Sessions
DateOpenHighLowCloseVol
Aug 13$19.89$20.57$19.84$20.20504.16K
Aug 12$18.84$19.80$18.80$19.49631.50K
Aug 11$18.79$19.50$18.46$18.60422.10K
Aug 10$19.04$19.41$18.66$18.77521.60K
Aug 7$18.13$19.99$18.01$19.351.20M