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FWRD Overview

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$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
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Intellectia

Loading chart...

High
15.550
Open
15.170
VWAP
15.29
Vol
956.17K
Mkt Cap
496.66M
Low
14.815
Amount
14.62M
EV/EBITDA(TTM)
9.82
Total Shares
31.55M
EV
2.17B
EV/OCF(TTM)
48.77
P/S(TTM)
0.19
Forward Air Corporation is an asset-light provider of transportation services across the United States, Canada and Mexico. Its Expedited Freight segment provides expedited regional, inter-regional and national less-than-truckload (LTL) services. Expedited Freight also offers customers local pick-up and delivery and other services including truckload, shipment consolidation and deconsolidation, warehousing, customs brokerage and other handling. The Omni Logistics segment provides a full suite of global logistics services. Services include air and ocean freight consolidation and forwarding, customs brokerage, warehousing and distribution, time-definite transportation services and other supply chain solutions. The Intermodal segment provides first- and last-mile high-value intermodal container drayage services both to and from seaports and railheads. Intermodal also offers dedicated contract and CFS warehouse and handling services, and in select locations, linehaul and LTL services.
Show More

Events Timeline

(ET)
2026-02-23
19:30:00
Software Stocks Under Pressure, Financials Worst Performing Sector
select
2026-02-23
16:10:00
Company Reports Q4 Revenue of $631.23M, Beating Expectations
select
2025-11-05 (ET)
2025-11-05
16:17:25
Forward Air announces Q3 earnings per share of 52 cents, surpassing consensus estimate of 12 cents.
select
2025-10-20 (ET)
2025-10-20
14:33:58
Forward Air Declines After Axios Reports No Immediate Private Equity Deal
select

News

seekingalpha
4.5
03-11seekingalpha
Forward Air's Strategic Review Fails to Yield Sale
  • Stock Price Decline: Forward Air (FWRD) shares fell by 14%, partly due to the strategic review not resulting in a sale of the entire company, indicating market concerns about the company's future value.
  • Private Equity Bids End: Clearlake Capital and Apollo Global have ceased bidding for Forward Air, reflecting a lack of confidence in the company's acquisition potential, which may impact its financing capabilities.
  • Strategic Review Progress: Forward Air stated that the strategic review has made progress and is nearing conclusion, indicating the company is actively exploring opportunities to maximize value, despite failing to find a buyer.
  • Financial Performance Analysis: Forward Air reported a GAAP EPS of -$0.91 for Q4 2025, missing estimates by $0.43, although revenue of $631.2 million beat expectations by $1.6 million, highlighting challenges in profitability.
NASDAQ.COM
8.0
03-06NASDAQ.COM
Ivanhoe Electric and LSB Industries See Active Options Trading
  • Ivanhoe Electric Options Volume: Ivanhoe Electric Inc's options volume reached 21,582 contracts, representing approximately 2.2 million shares, which is 120.2% of its average daily trading volume over the past month, indicating strong market interest in the stock.
  • High Volume Put Options: Within Ivanhoe Electric, the $10 strike put option expiring on May 15, 2026, saw 12,516 contracts traded, equating to about 1.3 million shares, suggesting investor expectations of a potential decline in stock price.
  • LSB Industries Options Activity: LSB Industries, Inc. recorded an options trading volume of 7,478 contracts, representing approximately 747,800 shares, which is about 98.6% of its average daily trading volume over the past month, highlighting the stock's active trading status.
  • High Volume Call Options: For LSB Industries, the $15 strike call option expiring on April 17, 2026, had a trading volume of 2,544 contracts, approximately 254,400 shares, reflecting market optimism regarding the stock's future price increase.
Businesswire
2.0
02-24Businesswire
Forward Air Named 2026 Surface Carrier of the Year
  • Industry Recognition: Forward Air has been named the 2026 Surface Carrier of the Year by the Airforwarders Association, highlighting its leadership in the air cargo and logistics sector and enhancing trust among customers and partners.
  • Customer Feedback: This award is based on direct member feedback regarding service performance, responsiveness, and partnership, indicating that Forward Air maintains high service quality and customer satisfaction even during challenging industry cycles.
  • Network Advantage: Forward Air leverages its extensive ground network to provide expedited transportation services, ensuring the integrity of clients' air freight schedules, thereby enhancing its competitiveness in a fiercely contested market.
  • Diverse Services: The company offers not only expedited less-than-truckload services but also shipment consolidation, warehousing, and customs brokerage, further solidifying its position as a comprehensive transportation service provider.
Newsfilter
2.0
02-24Newsfilter
Forward Air Named 2026 Surface Carrier of the Year
  • Industry Recognition: Forward Air has been named the 2026 Surface Carrier of the Year by the Airforwarders Association, highlighting its leadership in the air cargo and logistics sector, which enhances brand image and market competitiveness.
  • Customer Feedback: This award is based on direct member feedback regarding service performance, responsiveness, and partnership, indicating that Forward Air maintains high service quality even during challenging industry cycles, thereby strengthening customer trust.
  • Network Advantage: The expedited ground network provided by Forward Air ensures timely delivery of air freight, supporting customer shipping needs and enhancing customer satisfaction and market share.
  • Diverse Services: As a leading asset-light transportation service provider, Forward Air offers a range of services including expedited shipping, warehousing, and customs brokerage, further solidifying its market position in North America and Latin America.
Yahoo Finance
2.0
02-24Yahoo Finance
Forward Air Named 2026 Surface Carrier of the Year
  • Industry Recognition: Forward Air has been named the 2026 Surface Carrier of the Year by the Airforwarders Association, highlighting its leadership position in the air cargo and logistics sector and further solidifying its competitive edge in the market.
  • Customer Feedback: This award is based on direct member feedback regarding service performance, responsiveness, and partnership, indicating that Forward Air remains a reliable solutions provider even during challenging industry cycles, thereby enhancing customer trust.
  • Team Performance: CEO Shawn Stewart emphasized that this award reflects the exceptional execution and service quality of the team, demonstrating Forward Air's ongoing commitment to meeting customer needs and delivering exceptional service.
  • Diverse Services: Forward Air offers a range of transportation services, including expedited less-than-truckload services, warehousing, and customs brokerage, showcasing its comprehensive capabilities as a transportation service provider and driving business growth.
seekingalpha
2.0
02-24seekingalpha
Forward Air Corporation Q4 2025 Earnings Call Insights
  • Stable Financial Performance: For 2025, Forward Air reported consolidated EBITDA of $307 million, nearly matching 2024's $311 million, with Q4 EBITDA rising to $77 million from $72 million year-over-year, indicating the company's ability to maintain profitability amid challenging logistics conditions.
  • Operational Integration Progress: In 2025, the company unified its U.S. domestic operations under the
Wall Street analysts forecast FWRD stock price to rise
3 Analyst Rating
Wall Street analysts forecast FWRD stock price to rise
2 Buy
1 Hold
0 Sell
Moderate Buy
Current: 0.000
sliders
Low
32.00
Averages
38.50
High
45.00
Current: 0.000
sliders
Low
32.00
Averages
38.50
High
45.00
Susquehanna
Bascome Majors
Positive
downgrade
$45 -> $42
AI Analysis
2026-02-24
Reason
Susquehanna
Bascome Majors
Price Target
$45 -> $42
AI Analysis
2026-02-24
downgrade
Positive
Reason
Susquehanna analyst Bascome Majors lowered the firm's price target on Forward Air to $42 from $45 and keeps a Positive rating on the shares. The firm said the company's strategic review appears to be nearing an end, and with shares trading at just ~around 8.5x 2026E EBITDA, they continue to see value in the shares.
Stifel
J. Bruce Chan
maintain
$30 -> $32
2026-01-21
Reason
Stifel
J. Bruce Chan
Price Target
$30 -> $32
2026-01-21
maintain
Reason
Stifel analyst J. Bruce Chan raised the firm's price target on Forward Air to $32 from $30 and keeps a Buy rating on the shares. The firm's base case expectation is for mid-to-high single digit percentage organic and regulatory-driven attrition in long-haul over-the-road supply this year and while it expects significantly less supply impact for Less-than-Truckload than it does in its Truckload group coverage, the firm believes tightening in truckload creates marginal demand spillover, as well as pricing support, the analyst tells investors in a Q4 earnings preview for the group.
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Valuation Metrics

The current forward P/E ratio for Forward Air Corp (Delaware) (FWRD.O) is -57.44, compared to its 5-year average forward P/E of 35.30. For a more detailed relative valuation and DCF analysis to assess Forward Air Corp (Delaware)'s fair value, Click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
N/A
5Y Average PE
35.30
Current PE
-57.44
Overvalued PE
344.28
Undervalued PE
-273.68

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average EV/EBITDA
9.84
Current EV/EBITDA
9.39
Overvalued EV/EBITDA
12.18
Undervalued EV/EBITDA
7.51

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average PS
0.92
Current PS
0.30
Overvalued PS
1.49
Undervalued PS
0.35

Financials

AI Analysis
Annual
Quarterly

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Whales Holding FWRD

T
The Carlyle Group Inc.
Holding
FWRD
+0.81%
3M Return
P
Paralel Advisors LLC
Holding
FWRD
-4.01%
3M Return

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Frequently Asked Questions

What is Forward Air Corp (Delaware) (FWRD) stock price today?

The current price of FWRD is 15.51 USD — it has decreased -1.46

What is Forward Air Corp (Delaware) (FWRD)'s business?

Forward Air Corporation is an asset-light provider of transportation services across the United States, Canada and Mexico. Its Expedited Freight segment provides expedited regional, inter-regional and national less-than-truckload (LTL) services. Expedited Freight also offers customers local pick-up and delivery and other services including truckload, shipment consolidation and deconsolidation, warehousing, customs brokerage and other handling. The Omni Logistics segment provides a full suite of global logistics services. Services include air and ocean freight consolidation and forwarding, customs brokerage, warehousing and distribution, time-definite transportation services and other supply chain solutions. The Intermodal segment provides first- and last-mile high-value intermodal container drayage services both to and from seaports and railheads. Intermodal also offers dedicated contract and CFS warehouse and handling services, and in select locations, linehaul and LTL services.

What is the price predicton of FWRD Stock?

Wall Street analysts forecast FWRD stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FWRD is38.50 USD with a low forecast of 32.00 USD and a high forecast of 45.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

What is Forward Air Corp (Delaware) (FWRD)'s revenue for the last quarter?

Forward Air Corp (Delaware) revenue for the last quarter amounts to 631.76M USD, decreased -3.69

What is Forward Air Corp (Delaware) (FWRD)'s earnings per share (EPS) for the last quarter?

Forward Air Corp (Delaware). EPS for the last quarter amounts to -0.52 USD, decreased -80.15

How many employees does Forward Air Corp (Delaware) (FWRD). have?

Forward Air Corp (Delaware) (FWRD) has 6319 emplpoyees as of March 19 2026.

What is Forward Air Corp (Delaware) (FWRD) market cap?

Today FWRD has the market capitalization of 496.66M USD.