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	1996	1997	1998	1999	2000	2001	2002	2003	2004	2005	2006	2007	2008	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Total Assets	99	118	57	80	116	137	146	175	215	213	213	242	308	317	349	341	399	506	542	700	641	688	760	991	1,047	1,118	1,208	2,980	2,803	2,745
Current Assets	28	36	23	36	55	62	89	123	159	137	128	71	92	107	146	140	198	220	150	173	136	163	201	236	246	283	304	347	473	521
Cash	0.0	0.7	0.5	6.0	16	19	34	84	0.1	0.3	8.2	4.9	22	42	75	59	112	127	41	33	8.5	3.9	26	65	40	37	46	122	105	106
Cash & Short-Term Investments	0.0	0.7	0.5	6.0	16	29	54	87	112	79	70	5.4	22	42	75	59	112	127	41	33	8.5	3.9	26	65	40	37	46	122	105	106
Receivables	24	18	20	27	36	29	30	31	42	51	52	60	61	56	63	71	75	77	95	128	117	152	161	136	156	216	188	159	322	350
Inventory	0.6	0.7	0.4	0.6	0.4	0.4	0.4	0.4	0.4	0.6	0.5	0.6	0.7	0.9	0.8	0.9	0.9	1.1	1.1	1.3	1.3	1.4	2.2	2.1	21	–	0.0	–	–	–
Property, Plant & Equipment	–	–	–	–	45	43	37	33	37	47	53	103	123	129	126	130	134	155	172	187	200	206	210	213	190	367	249	–	–	–
Goodwill	–	–	–	–	–	16	16	16	16	16	16	36	50	43	43	43	43	88	144	206	185	192	199	216	245	267	258	279	523	523
Intangible Assets	–	–	–	9.5	15	0.9	0.5	16	16	12	11	30	41	36	31	27	22	40	73	128	107	111	114	125	145	155	116	135	999	907
Total Liabilities	58	68	38	25	33	30	27	27	34	34	28	70	91	92	93	54	48	70	78	190	142	154	207	414	500	524	501	2,215	2,517	2,583
Current Liabilities	22	34	16	17	19	18	19	20	26	26	19	27	26	30	28	34	28	35	43	109	78	60	75	137	172	165	169	237	384	428
Short-Term Debt	11	5.5	5.2	1.3	1.0	0.9	0.5	0.0	0.0	1.5	0.0	0.8	3.1	0.9	0.6	0.6	0.3	0.1	0.3	56	28	0.4	0.3	37	45	54	52	57	113	123
Accounts Payable	5.5	0.1	4.1	7.4	9.7	5.1	6.7	7.4	10	13	7.9	12	12	10	11	12	11	16	21	23	18	31	35	25	38	45	50	45	106	122
Long-Term Debt	–	–	–	–	7.2	4.5	0.9	0.9	0.9	0.8	0.8	31	53	52	50	0.3	0.1	0.0	1.3	28	0.7	40	47	67	112	165	107	1,791	1,676	1,687
Shareholders' Equity	41	50	19	55	83	107	118	148	181	179	185	172	216	225	256	287	352	436	464	510	499	533	553	577	547	594	707	764	202	113
Retained Earnings	15	24	3.2	19	43	63	84	110	144	179	185	171	206	208	231	270	287	328	333	349	319	338	343	350	304	335	436	480	-338	-447
Shares Outstanding	27	28	29	32	33	34	33	33	33	32	32	30	29	29	29	29	30	31	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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