NASDAQ · ARRANGEMENT OF TRANSPORTATION OF FREIGHT & CARGO · MID CAP
Forward AIR Corp. FWRD
18 fiscal years on record · USD · FY2025 reported
SEC FILINGS ONLY
Revenue · FY2025
$2.5B
▲ 0.8% vs FY2024
EPS · FY25
$-3.51
Dividend / sh · FY25
$0.00
Payout · FY25
-0%
ROE · FY25
-68.4%
Net margin · FY25
-4.3%
Dividend coverage
6.7×
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Result
USD 2.5B
Revenue, FY2025 · full 18-year series below
Revenue
Net income
The company lost 4 cents on every revenue dollar this year.
Per share
USD -3.51
Diluted EPS, FY2025
EPS
Dividend
Earnings covered the dividend 6.7 times — the rest stayed in the company.
Profitability
-68.4%
Return on equity, FY2025
ROE
Operating margin1.5%
Net margin-4.3%
Return on assets-3.9%
Each USD of equity lost 68 cents this year.
Returned to shareholders
—
returned in FY2025 · dividends + net buybacks
Dividends paid—
Net buybacksUSD -846,000.00
Share of profit-0.0%
Consecutive raises—
Growth
+14.5% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
+14.1%
+14.5%
+10.0%
+11.6%
Compound annual rates per period — left blank where the series crosses a loss.
Share base
0.03B
Shares outstanding, FY2025
Change, 5 years+14.7%
Change, 10 years+2.6%
The share count grew 15% in five years — the same company, cut into more, smaller slices.
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Balance sheet
USD 2.7B
total assets, end of FY2025
Total assetsUSD 2.7B
EquityUSD 113.3M
CashUSD 106.0M
Gross debtUSD 1.7B
Net debtUSD 1.6B
Current ratio1.22×
Net debt stands at 1395% of equity.
History
18 fiscal years
Every figure from documents filed with the SEC · USD
Metric
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
Revenue $B
2.5
2.5
1.4
1.7
1.4
1.3
1.2
1.1
1.2
1.0
1.0
0.8
0.7
0.6
0.5
0.5
0.4
0.5
Operating income $B
0.0
−1.1
0.1
0.2
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.0
0.1
EBITDA $B
0.2
−0.9
0.1
0.3
0.2
0.1
0.1
0.2
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.0
0.1
Income tax $B
−0.0
−0.1
0.0
0.1
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
Net income $B
−0.1
−0.8
0.2
0.2
0.1
0.0
0.1
0.1
0.1
0.0
0.1
0.1
0.1
0.1
0.0
0.0
0.0
0.0
EPS, diluted $
−3.51
−30.63
6.40
7.14
3.85
0.84
3.04
3.12
2.89
0.90
1.78
1.96
1.77
1.78
1.60
1.10
0.34
1.47
Dividend / sh $
0.00
0.00
0.96
0.96
0.84
0.75
0.72
0.63
0.60
0.51
0.48
0.48
0.40
0.34
0.28
0.28
0.28
0.28
Payout %
−0
−0
15
13
22
88
24
20
21
56
27
24
22
19
17
25
83
19
ROE %
−68.4
−169.1
22.7
29.7
18.6
4.2
15.4
17.0
16.9
5.5
11.4
13.6
13.8
16.5
17.4
13.3
4.4
19.7
Shares out B
0.03
0.03
0.03
0.03
0.03
0.03
0.03
0.03
0.03
0.03
0.03
0.03
0.03
0.03
0.03
0.03
·
·
Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.
How we verifyAUDITED
52 of 52
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity
Every figure was compared against the original statement: 0 failures and 0 presentation gaps.
What we don’t show
We’d rather say what’s missing than fill the gap with an estimate.
P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed