Forward Air Corporation

Industrials · Integrated Freight & Logistics

14.80$ -3.8% vs. previous close Closing price · As of: Sep 18, 2026

Statements

Balance Sheet

Forward Air Corporation (FWRD) by the numbers: income statement, balance sheet and cash flow, by year or by quarter. In the most recent period (2025), "Total Assets" came in at 2,745 million USD. Tick rows to compare them in a chart.

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Amounts Change % Common size %

Last 12 Full history

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All figures in millions of USD.

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Balance Sheet FWRD
Line item	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Total Assets	542	700	641	688	760	991	1,047	1,118	1,208	2,980	2,803	2,745
Current Assets	150	173	136	163	201	236	246	283	304	347	473	521
Cash	41	33	8.5	3.9	26	65	40	37	46	122	105	106
Cash & Short-Term Investments	41	33	8.5	3.9	26	65	40	37	46	122	105	106
Receivables	95	128	117	152	161	136	156	216	188	159	322	350
Inventory	1.1	1.3	1.3	1.4	2.2	2.1	21	–	0.0	–	–	–
Property, Plant & Equipment	172	187	200	206	210	213	190	367	249	–	–	–
Goodwill	144	206	185	192	199	216	245	267	258	279	523	523
Intangible Assets	73	128	107	111	114	125	145	155	116	135	999	907
Total Liabilities	78	190	142	154	207	414	500	524	501	2,215	2,517	2,583
Current Liabilities	43	109	78	60	75	137	172	165	169	237	384	428
Short-Term Debt	0.3	56	28	0.4	0.3	37	45	54	52	57	113	123
Accounts Payable	21	23	18	31	35	25	38	45	50	45	106	122
Long-Term Debt	1.3	28	0.7	40	47	67	112	165	107	1,791	1,676	1,687
Shareholders' Equity	464	510	499	533	553	577	547	594	707	764	202	113
Retained Earnings	333	349	319	338	343	350	304	335	436	480	-338	-447
Shares Outstanding	31	31	31	30	29	28	28	27	27	26	28	31

Data as of: September 18, 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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Balance Sheet

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