4 years of revenue, earnings, cash-flow and balance-sheet history from public filings.
Forward Air Corporation (FWRD) operates in the Integrated Freight & Logistics industry and is headquartered in Dallas, United States with about 6,000 employees. Its market capitalization is roughly $412 million. In the fiscal year ended 2025-12-31, FWRD reported $2.5B in revenue and ($108M) in net income.
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.
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| Income statement | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Total Revenue | $2.5B | $2.5B | $1.4B | $1.7B | — |
| Gross Profit | $338M | $340M | $330M | $492M | — |
| Operating Income (EBIT) | $36M | ($34M) | $88M | $248M | — |
| Net Income | ($108M) | ($817M) | $167M | $193M | — |
USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).
| Quarterly income statement | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 |
|---|---|---|---|---|---|---|
| Total Revenue | $582M | $631M | $632M | $619M | $613M | — |
| Gross Profit | $90M | $96M | $88M | $78M | $75M | — |
| Operating Income (EBIT) | $20M | ($3M) | $15M | $20M | $5M | — |
| Net Income | ($34M) | ($28M) | ($16M) | ($13M) | ($51M) | — |
USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).
| Cash flow | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Dividends Paid | $0M | $0M | ($25M) | ($26M) | — |
USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).
| Quarterly cash flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 |
|---|---|---|---|---|---|---|
| Dividends Paid | — | — | — | — | — | $0M |
USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).
| Balance sheet | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Total Assets | $2.7B | $2.8B | $3.0B | $1.2B | — |
| Total Liabilities | $2.6B | $2.5B | $2.2B | $501M | — |
USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).
Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive FWRD viewer.
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