Forward Air Corporation
FWRD
NASDAQ·Industrials·Integrated Freight & Logistics·Mkt cap $565.8M
$17.89
▲ +9.69%
P/E
-2.01
Mkt Cap
$565.8M
52-Wk Range
$7.86–$31.18
52-Week Range
$7.86 - $31.18
P/E
Fwd P/E
Beta
Div Yield
Avg Vol
Shares Out
Mkt Cap
Price action
Price chart
Down 39.7% over the trailing year
Total returns
Price performance
Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.
Why we rate it this way
The thesis at a glance
Bull and bear case · plain-English context across the five lenses we evaluate.
Bull Case
4 reasons
- Asset-light business model reducing capital intensity and improving return on assets
- Diversified customer base including major airlines, freight forwarders, and 3PLs providing revenue stability
- Specialized service offerings (temperature-controlled, high-security, customs brokerage) commanding premium margins
- Established network and operational infrastructure across US and Canada since 1981
Bear Case
1 risk
- Average volatility.
Growth
Stable outlook
E-commerce expansion driving demand for final-mile and expedited delivery services
Value
Deep value opportunity - significant discount to Logistics & Delivery peers
Momentum
Hot
+55.6% over 3m
Quality
Thin
Mixed fundamentals
Dividend
None
No dividend
Smart-money signal
Who's buying FWRD right now
Insider Form 4s, 13F institutional filings, and Congressional disclosures - at a glance.
Earnings track record
Recent earnings results
AI-summarized recap of last quarter, plus the surprise on every print.
Next: Nov 4, 2026
AUG 5, 2026
Reported EPS of -$5.90 vs -$0.15 consensus (-3748.3% surprise). Revenue of $673.0M vs $634.4M expected (+6.1%).
EPS surprise · last 4Q
0 of 1 beats
Estimate
Actual
Q3 26
-3748.3%
Revenue trend · last 8Q
—
+394%
+13%
-4%
-4%
-0%
-5%
+9%
Q3 24
Q4 24
Q1 25
Q2 25
Q3 25
Q4 25
Q1 26
Q2 26
$655.9M
$632.8M
$613.3M
$618.8M
$631.8M
$631.2M
$582.0M
$673.0M
Margins · last 8Q
Gross
23.3%
Operating
-29.9%
Profit
-30.8%
Wall Street consensus
2 analysts · 100% Buy
Live ratings and price targets aggregated across covering analysts.
Buy
100%
Hold
0%
Sell
0%
Median Price Target
—
Latest: Susquehanna · Aug 13, 2026
vs Industry
How FWRD stacks vs Integrated Freight & Logistics
Stock metrics vs industry averages. Green = better than industry.
Industry comparison data unavailable for this stock.
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