FWRD · Forward Air Corporation

NASDAQ NMS - GLOBAL MARKET - BOATS Real Time Price • USD

Forward Air Corp (Delaware) (FWRD)

NASDAQ NMS - GLOBAL MARKET Logistics & Transportation
Move probability → Options chain →
$15.62 -0.15 (-0.95%)
● At close: October 22 at 4:00:00 PM EDT
DAY'S RANGE $15.62
$15.60 $15.96
52-WEEK RANGE $15.62
$7.86 $31.18

What's happening

Deterministic template sentences filled in from the same sourced figures shown elsewhere on this page -- not an AI-written summary, no live model call.

Key Statistics

Market Cap$527.7M
P/E (TTM1)—
EPS2 (TTM)$-8.90
Div Yield1.48%
Beta31.33
Volume16,281
Open15.73
Prev Close15.77
Bid / Ask13.65 / 20.52
Next Earnings 2026-11-09

Analyst Recommendations

Strong buy 3 Buy 4 Hold 4 Sell 0 Strong sell 0

Aggregate ratings for 2026-10-01 (11 analysts polled by Finnhub) — consensus count.

Performance Overview (Trailing returns vs S&P 500 benchmark)

YTD RETURN
FWRD -38.76%
vs S&P 500 -51.54%
1-YEAR RETURN
FWRD -20.22%
vs S&P 500 -34.78%
6-MONTH RETURN
FWRD -26.64%
3-MONTH RETURN
FWRD -5.55%

Valuation Measures & Ratios

Enterprise Value4$2.12B
Forward P/E529222.83
PEG Ratio6-0.04
Price / Sales (TTM1)0.21
Price / Book76.51
EV4 / Revenue0.84
EV4 / EBITDA10.28
Profit Margin-11.37%
Operating Margin-6.70%
Return on Equity (ROE8)-75.30%
Return on Assets (ROA9)-10.78%
Avg Volume (3M)724,570
Quarterly history (5 periods)
Measure Jun '26Mar '26Sep '25Jun '25Mar '25
Market cap $438.3M $526.1M $801.6M $752.5M $606.4M
P/E -1.62 -4.62 -6.92 -4.35 -0.75
Price/Sales 0.17 0.22 0.32 0.30 0.24
Price/Book -3.80 6.50 5.73 4.96 3.92
EV/Revenue 0.80 0.85 0.94 0.93 0.85
EV/EBITDA 398.84 9.87 — — —
ROE 234.30% -140.48% -82.90% -114.00% -521.16%
ROA -11.22% -4.22% -4.15% -6.27% -28.74%

Trailing-twelve-month ratios computed from SEC EDGAR quarterly figures and historical daily close prices (Alpaca). Diluted shares are derived from Net income ÷ EPS (diluted) for each quarter, not separately reported. Forward P/E/PEG unavailable (no free data source).

Glossary — what these abbreviations mean
1. TTM
Trailing twelve months — the sum of the last four reported quarters, not a calendar year or the single latest quarter.
2. EPS
Earnings per share — net income divided by diluted shares outstanding.
3. Beta
A stock's historical volatility relative to the overall market. Above 1 means it has moved more than the market; below 1, less.
4. EV (Enterprise Value)
Market cap plus total debt minus cash — roughly what it would cost to buy the whole company, debt included.
5. Forward P/E
Price divided by analysts' estimated earnings for the next 12 months, instead of trailing actual earnings.
6. PEG Ratio
P/E divided by expected earnings growth rate. A lower number can indicate a stock is cheap relative to how fast it's expected to grow.
7. Price / Book
Share price divided by book value (assets minus liabilities) per share.
8. ROE
Return on equity — net income divided by shareholders' equity, a measure of how efficiently a company turns equity into profit.
9. ROA
Return on assets — net income divided by total assets, a measure of how efficiently a company turns assets into profit.
10. MRQ
Most recent quarter — the single latest reported period, as opposed to TTM. The Financials section's "Quarterly" view below shows MRQ-style figures.
11. YoY
Year over year — percent change versus the same period one year earlier, used for growth figures like those on Compare cards and the Screener.

Short Interest

Shares Short2,118,809
Change from Prior Settlement-2.05%
% of Float—
Days to Cover (Short Ratio)3.74

Source: FINRA Rule 4560 consolidated short interest, settlement date 2026-09-30. Reported bi-monthly with a reporting lag — not real-time.

Quotes and the 1-day extended-hours chart: Yahoo Finance. Longer historical charts: Alpaca (IEX feed) — real-time but IEX-only volume (~2.5% of consolidated market volume). Fundamentals + earnings: Finnhub.

Price history

Events

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Technical signal summary

Calculating from the latest year of daily price history…

Calculating…
Show Technical Analysis Breakdown ▾ 10 Indicators

Not investment advice — read several signals together.

Indicators None active

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Starter sets
Trend
Oscillators
Volume/volatility
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History limited by data provider; markers are heuristics, not signals.

Peer and sector context

No reviewed peer group is available for this symbol.

Balanced evidence

A deterministic summary of sourced facts—not an AI verdict.

Potential strengths

  • Revenue growth is 8.8% on the provider's reported measure. Finnhub fundamentals ↗
  • Latest SEC filing is Form 10-Q, filed 2026-08-05; review it for current changes and risks. SEC EDGAR ↗

Potential concerns

Rule-based facts only; absence from either side is not evidence, and this is not a recommendation.

Financials

Income statement

Line item Jun '26Mar '26Sep '25Jun '25Mar '25Dec '24Sep '24Jun '24
Revenue $673.0M $582.0M $631.8M $618.8M $613.3M $632.8M $655.9M $643.7M
Operating income -$201.3M $20.4M $15.0M $19.5M $4.8M — $22.7M -$1.10B
Net income -$207.3M -$34.3M -$16.2M -$12.6M -$50.6M -$36.4M -$73.4M -$645.4M
EPS (diluted) $-6.38 $-1.09 $-0.52 $-0.41 $-1.68 $-1.24 $-2.66 $-23.47
EPS (basic) $-6.38 $-1.09 $-0.52 $-0.41 $-1.68 $-1.24 $-2.66 $-23.47
Operating margin -$30 $4 $2 $3 $1 — $3 -$170

Balance sheet

Line item Jun '26Mar '26Dec '25Sep '25Jun '25Mar '25Dec '24Sep '24
Total assets $2.41B $2.70B $2.72B $2.79B $2.76B $2.80B $2.80B $3.06B
Total liabilities $2.53B — $2.56B — — — — —
Stockholders' equity -$115.4M $81.0M $113.3M $139.8M $151.8M $154.6M $201.7M $226.1M
Total current assets $583.1M $542.4M $521.0M $552.5M $474.6M $493.4M $472.5M $545.1M
Total current liabilities $441.6M $441.9M $428.3M $460.0M $396.7M $438.3M $384.0M $448.7M
Cash & equivalents $139.4M $141.0M $106.0M $140.4M $95.1M $116.3M $104.9M $136.6M

Cash flow

Line item Jun '26Mar '26Dec '25Sep '25Jun '25Mar '25Dec '24Sep '24
Operating cash flow -$4.9M $45.7M — — -$13.2M $27.6M — —
Investing cash flow $6.7M -$5.5M — -$3.9M -$3.9M -$11.2M — -$9.5M
Financing cash flow -$3.5M -$4.9M — -$3.7M -$4.6M -$5.3M — -$6.4M
Free cash flow -$8.1M $38.8M — — -$18.0M $15.7M — —
Capital expenditures $3.2M $6.9M $8.4M $4.1M $4.7M $11.9M $7.2M $10.4M
Depreciation & amortization $38.3M $38.5M $115.3M $37.7M $36.8M $37.4M $112.2M $25.9M

Source: SEC EDGAR XBRL filings (10-Q/10-K), as originally tagged by the company. Quarterly cash flow is reconstructed by de-cumulating fiscal-year-to-date figures (how cash flow is tagged in 10-Qs); other quarterly lines are reported directly.

Institutional holders

SEC Form 13F filers holding FWRD as of the latest reported quarter. 13F only covers investment managers with $100M+ in assets — this is not a complete ownership picture, and does not include insiders (see Recent SEC filings below) or non-13F-eligible holders.

Institutional ownership is not available for this symbol right now.

Insider activity

Directors, officers, and 10%+ owners' reported transactions from SEC Form 4. A filing reports a transaction; it does not by itself explain why it happened.

Source: SEC EDGAR Form 4 filings · checked 25 most recent filings · covers 2025-06-28 to 2026-06-18

Recent transactions

  • Most recent: Svindland Paul C. (Director) — Grant / award of 9,545 shares on 2026-06-18.

Deterministic template sentences filled in from the SEC Form 4 figures in the tables below -- not an AI-written summary, no live model call.

Insider purchases & sales, last 6 months

Purchases (open market)0 sh(0 txns)
Sales (open market)0 sh(0 txns)
Net Shares+0

Counts only open-market purchases (code P) and sales (code S) — grants, option exercises, tax withholding, and gifts are excluded since they aren't a market buy/sell decision.

Insider roster

NameTitleMost Recent TransactionDateShares
Svindland Paul C.DirectorGrant / award2026-06-189,545
Boyles Dale WDirectorGrant / award2026-06-189,545
Gorjanc Christine MarieDirectorGrant / award2026-06-189,545
Stewart ShawnChief Executive OfficerTax withholding2026-04-294,136
Pierson Jamie G.CFOGrant / award2026-03-165,732
OSBORNE TIMOTHY RExecutive VP of OperationsTax withholding2026-03-152,109
Hance Michael LCLO and SecretaryTax withholding2026-03-154,868
Brandt Eric FrederickChief Commercial OfficerGrant / award2026-02-198,999
Smith Douglas JamesChief People OfficerGrant / award2026-02-195,850
HERREN JESSICA LChief Supply Chain OfficerGrant / award2026-02-194,950
LORRAIN Jerome Jean-PierreExecutive ChairmanGrant / award2026-02-1910,799
Faught James R.Chief Accounting OfficerGrant / award2026-02-192,340
Cetus Capital VI, L.P.10% ownerOpen market sale2025-11-1210,000

Recent transactions

DateInsiderTitleTransactionSharesPrice
2026-06-18Svindland Paul C.DirectorGrant / award 9,545$0.00
2026-06-18Boyles Dale WDirectorGrant / award 9,545$0.00
2026-06-18Gorjanc Christine MarieDirectorGrant / award 9,545$0.00
2026-04-29Stewart ShawnChief Executive OfficerTax withholding 4,136$21.51
2026-03-16Pierson Jamie G.CFOGrant / award 5,732$0.00
2026-03-16Stewart ShawnChief Executive OfficerGrant / award 18,692$0.00
2026-03-15OSBORNE TIMOTHY RExecutive VP of OperationsTax withholding 2,109$16.05
2026-03-15OSBORNE TIMOTHY RExecutive VP of OperationsTax withholding 483$16.05
2026-03-15Hance Michael LCLO and SecretaryTax withholding 4,868$16.05
2026-03-15Hance Michael LCLO and SecretaryTax withholding 869$16.05
2026-02-19Stewart ShawnChief Executive OfficerGrant / award 43,197$0.00
2026-02-19Stewart ShawnChief Executive OfficerTax withholding 3,214$27.78
2026-02-19Pierson Jamie G.CFOGrant / award 20,698$0.00
2026-02-19Pierson Jamie G.CFOTax withholding 1,662$27.78
2026-02-19Hance Michael LCLO and SecretaryGrant / award 10,799$0.00
2026-02-19Hance Michael LCLO and SecretaryTax withholding 946$27.78
2026-02-19Brandt Eric FrederickChief Commercial OfficerGrant / award 8,999$0.00
2026-02-19Brandt Eric FrederickChief Commercial OfficerTax withholding 1,057$27.78
2026-02-19OSBORNE TIMOTHY RExecutive VP of OperationsGrant / award 5,850$0.00
2026-02-19OSBORNE TIMOTHY RExecutive VP of OperationsTax withholding 513$27.78
2026-02-19Smith Douglas JamesChief People OfficerGrant / award 5,850$0.00
2026-02-19Smith Douglas JamesChief People OfficerTax withholding 516$27.78
2026-02-19HERREN JESSICA LChief Supply Chain OfficerGrant / award 4,950$0.00
2026-02-19HERREN JESSICA LChief Supply Chain OfficerTax withholding 436$27.78
2026-02-19LORRAIN Jerome Jean-PierreExecutive ChairmanGrant / award 10,799$0.00
2026-02-19Faught James R.Chief Accounting OfficerGrant / award 2,340$0.00
2026-02-19Faught James R.Chief Accounting OfficerTax withholding 362$27.78
2026-02-09OSBORNE TIMOTHY RExecutive VP of OperationsTax withholding 111$30.23
2026-02-09Hance Michael LCLO and SecretaryTax withholding 225$30.23
2025-12-12Smith Douglas JamesChief People OfficerTax withholding 243$25.47
2025-11-18HERREN JESSICA LChief Supply Chain OfficerTax withholding 148$21.05
2025-11-12Cetus Capital VI, L.P.10% ownerOpen market sale 10,000$22.38
2025-11-11Cetus Capital VI, L.P.10% ownerOpen market sale 67,163$21.71
2025-11-10Cetus Capital VI, L.P.10% ownerOpen market sale 90,000$21.55
2025-11-10Cetus Capital VI, L.P.10% ownerOpen market sale 30,000$22.66
2025-11-06Cetus Capital VI, L.P.10% ownerOpen market sale 74,716$21.85
2025-11-06Cetus Capital VI, L.P.10% ownerOpen market sale 284$22.39
2025-10-20Cetus Capital VI, L.P.10% ownerOpen market purchase 215,000$17.89
2025-10-20Cetus Capital VI, L.P.10% ownerOpen market purchase 10,000$18.86
2025-10-14Cetus Capital VI, L.P.10% ownerOpen market sale 30,000$21.42
2025-07-11LORRAIN Jerome Jean-PierreExecutive ChairmanGrant / award 7,307$0.00
2025-06-28Faught James R.Chief Accounting OfficerTax withholding 308$0.00

Recent SEC filings

Official company reports and insider transaction filings. Form 4 reports a transaction; it does not by itself explain why it happened.

Source: SEC EDGAR submissions · updated 2026-10-23 02:54 UTC

FiledFormReport periodOfficial filing
2026-08-0510-Q2026-06-30 View on SEC.gov →
2026-08-058-K2026-08-05 View on SEC.gov →
2026-07-218-K2026-07-21 View on SEC.gov →
2026-07-108-K2026-07-10 View on SEC.gov →
2026-06-2242026-06-18 View on SEC.gov →
2026-06-2242026-06-18 View on SEC.gov →
2026-06-2242026-06-18 View on SEC.gov →
2026-06-178-K2026-06-17 View on SEC.gov →
2026-05-1110-Q2026-03-31 View on SEC.gov →
2026-05-078-K2026-05-07 View on SEC.gov →
2026-05-0142026-04-29 View on SEC.gov →
2026-04-298-K2026-04-24 View on SEC.gov →

Headlines about FWRD (Forward Air Corporation). Links open the publisher — we don’t host full articles.

SEC filings ↓

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