Forward Air Corporation | Small-cap | Industrials

Financial Overview

Latest Annual: 2024

Income Metrics

Revenue 2.5B
Gross Profit 339.7M 13.73%
Operating Income -34.5M -1.40%
Net Income -1.1B -45.72%
EPS (Diluted) -$30.63

Balance Sheet Metrics

Total Assets 2.8B
Total Liabilities 2.5B
Shareholders Equity 285.9M
Debt to Equity 8.80

Cash Flow Metrics

Operating Cash Flow -1.1B
Free Cash Flow -112.5M

Revenue & Profitability Trend

Forward Air Income Statement From 2020 to 2024

Metric20242023202220212020
Revenue2.5B1.4B1.7B1.4B1.3B
Cost of Goods Sold2.1B1.0B1.2B1.1B1.0B
Gross Profit339.7M330.2M491.7M314.0M229.1M
Operating Expenses374.2M241.9M244.1M166.9M155.2M
Operating Income-34.5M88.2M247.6M147.0M73.9M
Pre-tax Income-1.2B56.6M242.5M142.7M69.4M
Income Tax-125.0M13.8M63.0M35.8M16.6M
Net Income-1.1B167.4M193.2M105.9M23.7M
EPS (Diluted)-$30.63$6.40$7.14$3.85$0.84

Income Statement Trend

Forward Air Balance Sheet From 2020 to 2024

Metric20242023202220212020
Assets
Current Assets472.5M347.0M304.3M282.8M245.9M
Non-Current Assets2.3B2.6B903.8M835.0M801.5M
Total Assets2.8B3.0B1.2B1.1B1.0B
Liabilities
Current Liabilities384.0M237.1M169.4M164.7M171.6M
Non-Current Liabilities2.1B2.0B331.4M359.5M328.4M
Total Liabilities2.5B2.2B500.8M524.2M500.1M
Equity
Total Shareholders Equity285.9M764.3M707.2M593.7M547.3M

Balance Sheet Composition

Forward Air Cash Flow Statement From 2020 to 2024

Metric20242023202220212020
Operating Activities
Net Income-1.1B42.8M179.4M106.9M52.8M
Operating Cash Flow-1.1B194.1M243.7M114.3M91.4M
Investing Activities
Capital Expenditures-31.9M-27.0M-36.9M-35.7M-17.9M
Investing Cash Flow-1.6B-83.7M-103.0M-95.6M-81.5M
Financing Activities
Dividends Paid0-25.0M-25.9M-23.0M-20.9M
Financing Cash Flow-164.6M1.8B-139.7M162.4M21.0M
Free Cash Flow-112.5M150.7M219.8M81.9M64.4M

Cash Flow Trend

Forward Air Key Financial Ratios

Valuation Ratios

P/E Ratio (TTM) 10.22
Forward P/E 102.41
Price to Book 5.44
Price to Sales 0.33
PEG Ratio 102.41

Profitability Ratios

Profit Margin -31.66%
Operating Margin 3.05%
Return on Equity -140.72%
Return on Assets 1.28%

Financial Health

Current Ratio 1.13
Debt to Equity 948.42
Beta 1.29

Per Share Data

EPS (TTM) -$29.27
Book Value per Share $5.08
Revenue per Share $89.22

Peer Financial Comparison

CompanyMarket CapP/E RatioP/B RatioROEProfit MarginDebt/Equity
fwrd841.2M10.225.44-140.72%-31.66%948.42
United Parcel 86.5B14.915.5235.91%6.44%163.19
FedEx 57.2B14.202.0214.71%4.65%1.39
Cryoport 370.5M-3.011.02-24.97%-46.46%60.85
Radiant Logistics 293.9M17.811.328.18%1.93%36.16
Expeditors 16.1B19.477.0137.70%7.64%25.72

Financial data is updated regularly. All figures are in the company's reporting currency.