Inside the research

Forward Air Corporation

FWRD Research profile · latest available data

Price overview

$14.69

▼ -0.06 (-0.4%)

52w hi$30.23
52w lo$8.31
Vol434.10K
As of25 Sep 2026

The Verdict

Hold

Our score -0.40

Short+0.03
Medium-0.49
Long-1.08

computed 2026-09-27

Key fundamentals

Forward Air Corporation

Industrials · Integrated Freight & Logistics

Market cap$496.24M
Enterprise value$2.46B
Forward P/E34.16x
EV / EBITDA8.73x
P / S (ttm)0.20x
Profit margin-11.4%
Return on equity-735.7%
Revenue growth+8.8%

Layer Breakdown

LayerRawContribution
Fundamental-0.18
Sector-0.01
Technical-0.10
Earnings+0.00
Sentiment+0.00

macro × 1.00 · 2026-09-27

Business overview

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

Risk Metrics

Beta vs SPX2.23
Corr SPX0.44
Annual vol80.8%
Annual ret-10.1%
Sharpe-0.13
Max DD-79.3%

Window: 504 trading days (504 obs)

Material Events

DateEvent8-K
2026-08-05Earnings Release, Exhibitsread
2026-07-21Reg FD Disclosure, Exhibitsread
2026-07-10Officer / Director Change, Exhibitsread
2026-06-17Shareholder Vote, Exhibitsread
2026-05-07Earnings Release, Exhibitsread
2026-04-29Officer / Director Changeread
2026-02-23Earnings Release, Exhibitsread
2025-11-05Earnings Release, Exhibitsread
2025-10-15Officer / Director Changeread
2025-09-02Officer / Director Change, Exhibitsread
2025-08-11Earnings Release, Exhibitsread
2025-07-14Officer / Director Change, Exhibitsread

Insider Trades

DateInsiderRoleActionSharesValue
2026-06-18Gorjanc Christine MarieGrant9.54K—

Flow & Concentration

Insider 180d net$0
Insider buys / sells0 / 0
Insider biasNeutral
13F holders8
Top-5 share91.5%
HHI3,024 (concentrated)

Top Holders

HolderValueShares
Fidelity / FMR LLC$27.13M2.01M
State Street Corp$7.83M579.83K
Citadel Advisors$5.97M441.87K
Millennium Management$5.70M422.19K
Capital Research / Capital World$2.84M210.15K
Renaissance Technologies$2.58M190.74K
AQR Capital Management$2.02M149.76K
T. Rowe Price Group$49936.88K

As of 2026-06-30

SEC Filings

DateFormDoc
2026-08-058-Kview
2026-08-0510-Qview
2026-07-218-Kview
2026-07-108-Kview
2026-06-293view
2026-06-293view
2026-06-293view
2026-06-293view
2026-06-293view
2026-06-293view
2026-06-224view
2026-06-224view
2026-06-224view
2026-06-178-Kview
2026-05-1110-Qview

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%

Indices

S&P SmallCap 600

Recent Sessions

DateOpenHighLowCloseVol
Sep 25$14.81$15.40$14.65$14.69434.10K
Sep 24$15.03$15.27$14.23$14.75467.20K
Sep 23$15.14$15.16$14.54$15.06451.70K
Sep 22$15.00$15.42$14.70$15.14394.80K
Sep 21$15.00$15.07$14.10$14.59567.00K

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