Forward Air Corporation

Industrials · Integrated Freight & Logistics

14.70$ -0.4% vs. previous close Closing price · As of: Sep 25, 2026

Statements

Income Statement

Forward Air Corporation (FWRD) by the numbers: income statement, balance sheet and cash flow, by year or by quarter. In the most recent period (Q2 26), "Revenue" came in at 673 million USD. Tick rows to compare them in a chart.

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Amounts Change % Common size % Per share

Last 12 Full history

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All figures in millions of USD.

Tick rows to compare them in a chart (up to 4)

Income Statement FWRD
Line item	Q3 16	Q4 16	Q1 17	Q2 17	Q3 17	Q4 17	Q1 18	Q2 18	Q3 18	Q4 18	Q1 19	Q2 19	Q3 19	Q4 19	Q1 20	Q2 20	Q3 20	Q4 20	Q1 21	Q2 21	Q3 21	Q4 21	Q1 22	Q2 22	Q3 22	Q4 22	Q1 23	Q2 23	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	LTM
Revenue	250	265	247	268	280	306	303	330	331	357	321	346	362	382	306	282	332	350	362	421	420	460	467	515	510	481	358	334	341	128	542	644	656	633	613	619	632	631	582	673	2,518
Cost of Revenue	194	208	194	209	219	242	243	262	266	284	256	272	288	306	251	235	269	285	292	334	324	347	351	369	364	343	254	257	264	92	482	566	546	541	538	504	617	535	562	537	2,250
Gross Profit	55	57	53	59	61	64	59	69	65	73	65	73	74	75	54	47	63	66	71	87	95	112	116	146	146	139	104	76	77	36	60	77	110	92	75	115	15	96	20	137	268
Research & Development	0.0	1.7	0.0	0.0	0.0	1.8	0.0	0.0	0.0	1.9	–	–	–	1.7	–	–	–	2.1	–	–	–	–	–	–	–	2.6	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Selling, General & Administrative	7.2	6.2	5.8	7.7	7.8	8.2	7.2	10	9.2	8.7	9.4	13	11	12	10	7.7	8.7	8.5	9.7	11	10.0	12	12	13	12	13	13	13	13	9.4	13	15	17	20	15	16	13	16	13	14	56
Total Operating Expenses	31	28	29	29	34	36	35	36	35	38	41	43	43	42	38	33	39	45	48	45	53	60	59	70	74	77	57	50	62	44	126	1,173	73	95	71	96	617	99	562	338	1,615
Operating Income	25	28	23	30	27	29	24	33	30	35	25	31	31	33	16	14	24	21	23	42	42	52	57	76	72	61	47	26	15	-8.0	-66	-1,096	37	-3.2	4.8	20	15	-2.9	20	-201	-169
Interest Expense	0.2	0.4	0.3	0.2	0.3	0.4	0.4	0.5	0.5	0.5	0.6	0.6	0.8	0.8	0.9	1.2	1.3	1.2	1.2	1.3	1.0	0.9	0.8	1.2	1.5	1.6	2.4	2.6	2.7	24	41	47	53	48	46	45	45	45	44	44	177
Pre-Tax Income	24	28	23	30	27	28	24	32	29	35	24	30	30	32	15	13	22	20	22	41	42	51	57	74	70	60	45	24	9.0	-32	-107	-1,141	-33	32	-42	-37	-23	-45	-38	-244	-351
Income Tax Expense	13	15	8.6	10	8.5	-7.0	6.1	8.1	7.1	6.9	5.8	7.6	7.7	7.9	3.5	3.5	5.2	4.4	4.8	10	11	13	14	19	18	17	11	6.6	2.5	-9.2	-18	-175	1.3	67	20	-17	0.4	-8.7	1.8	-0.2	-6.7
Net Income	12	13	14	20	18	35	18	24	22	28	18	22	22	24	8.4	3.2	17	-4.4	11	31	24	40	43	55	52	43	36	20	9.3	102	-62	-645	-73	-36	-51	-13	-16	-28	-34	-207	-286
EBITDA	34	38	33	40	37	39	35	43	40	46	36	41	41	43	25	23	33	30	32	52	52	63	68	87	84	74	60	40	26	5.7	-35	-1,046	46	118	41	45	59	41	-43	-164	-108

LTM = last twelve months (sum of the four most recent quarters).

Showing the most recent 40 periods — older statements are on file for this stock.

Data as of: September 25, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)

Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.

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