Forward Air (FWRD) | Financial Analysis & Statements
Financial Overview
Latest Annual: 2024Income 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
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Revenue | 2.5B | 1.4B | 1.7B | 1.4B | 1.3B |
| Cost of Goods Sold | 2.1B | 1.0B | 1.2B | 1.1B | 1.0B |
| Gross Profit | 339.7M | 330.2M | 491.7M | 314.0M | 229.1M |
| Operating Expenses | 374.2M | 241.9M | 244.1M | 166.9M | 155.2M |
| Operating Income | -34.5M | 88.2M | 247.6M | 147.0M | 73.9M |
| Pre-tax Income | -1.2B | 56.6M | 242.5M | 142.7M | 69.4M |
| Income Tax | -125.0M | 13.8M | 63.0M | 35.8M | 16.6M |
| Net Income | -1.1B | 167.4M | 193.2M | 105.9M | 23.7M |
| EPS (Diluted) | -$30.63 | $6.40 | $7.14 | $3.85 | $0.84 |
Income Statement Trend
Forward Air Balance Sheet From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Assets | |||||
| Current Assets | 472.5M | 347.0M | 304.3M | 282.8M | 245.9M |
| Non-Current Assets | 2.3B | 2.6B | 903.8M | 835.0M | 801.5M |
| Total Assets | 2.8B | 3.0B | 1.2B | 1.1B | 1.0B |
| Liabilities | |||||
| Current Liabilities | 384.0M | 237.1M | 169.4M | 164.7M | 171.6M |
| Non-Current Liabilities | 2.1B | 2.0B | 331.4M | 359.5M | 328.4M |
| Total Liabilities | 2.5B | 2.2B | 500.8M | 524.2M | 500.1M |
| Equity | |||||
| Total Shareholders Equity | 285.9M | 764.3M | 707.2M | 593.7M | 547.3M |
Balance Sheet Composition
Forward Air Cash Flow Statement From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | -1.1B | 42.8M | 179.4M | 106.9M | 52.8M |
| Operating Cash Flow | -1.1B | 194.1M | 243.7M | 114.3M | 91.4M |
| 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 Paid | 0 | -25.0M | -25.9M | -23.0M | -20.9M |
| Financing Cash Flow | -164.6M | 1.8B | -139.7M | 162.4M | 21.0M |
| Free Cash Flow | -112.5M | 150.7M | 219.8M | 81.9M | 64.4M |
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
| Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
|---|---|---|---|---|---|---|
| fwrd | 841.2M | 10.22 | 5.44 | -140.72% | -31.66% | 948.42 |
| United Parcel | 86.5B | 14.91 | 5.52 | 35.91% | 6.44% | 163.19 |
| FedEx | 57.2B | 14.20 | 2.02 | 14.71% | 4.65% | 1.39 |
| Cryoport | 370.5M | -3.01 | 1.02 | -24.97% | -46.46% | 60.85 |
| Radiant Logistics | 293.9M | 17.81 | 1.32 | 8.18% | 1.93% | 36.16 |
| Expeditors | 16.1B | 19.47 | 7.01 | 37.70% | 7.64% | 25.72 |
Financial data is updated regularly. All figures are in the company's reporting currency.