Forward Air Corporation

As of June 30, 2026, Forward Air Corporation carries a market capitalization of 455.77M, placing it among publicly traded companies globally. Its enterprise value stands at 2.42B, reflecting the total theoretical takeover cost after accounting for cash holdings and debt obligations.

Forward Air Corporation's next confirmed earnings release is scheduled for November 9, 2026.

As of June 30, 2026, Forward Air Corporation has 33.74M shares outstanding.

These figures are as of June 30, 2026. The price-to-sales ratio is 0.17, and the price-to-book ratio stands at -3.95.

These figures are as of June 30, 2026. The EV/Sales ratio of 0.96 reflects the premium investors pay for the company's revenue stream, a useful check when earnings are depressed or negative. These enterprise value multiples are built on an enterprise value of 2.42B versus a market cap of 455.77M, with the gap driven by net debt and cash on the balance sheet.

As of June 30, 2026, Forward Air Corporation maintains a current ratio of 1.32, meaning it holds 1.3x the short-term assets needed to cover near-term liabilities. The debt-to-equity ratio is -1,720.10, indicating conservative leverage, while an interest coverage ratio of -0.08 demonstrates limited ability to service its debt obligations.

These figures cover the twelve months ended June 30, 2026. Return on assets (ROA) is negative at -11.07, reflecting losses generated across the asset base. The company generates approximately 411,030.40 in revenue per employee across its workforce of 6,126.25, a quick read on workforce productivity versus industry peers.

Over the twelve months ended June 30, 2026, Forward Air Corporation recorded an income tax benefit of -6.69M rather than an expense, typically from losses, carryforwards, or the release of a tax provision. The company reported a pretax loss of -350.92M and -286.19M in bottom-line net income, so the effective tax rate carries little signal until profitability returns.

As of the close on October 22, 2026, Forward Air Corporation's stock has declined approximately 17.88% over the past 52 weeks. The 50-day moving average sits at 16.34, while the 200-day moving average is 17.97.

Over the twelve months ended June 30, 2026, Forward Air Corporation generated 2.52B in revenue and converted that into -286.19M in net income, yielding earnings per share of -10.90. EBITDA reached -13.48M, while operating income came in at 75.27M.

As of June 30, 2026, Forward Air Corporation holds 139.45M in cash and equivalents against 2.11B in total debt, resulting in a net debt position of 1.55B. Total book value stands at -115.43M, with working capital of 141.55M providing operational flexibility.

Forward Air Corporation produced 70.84M in operating cash flow over the twelve months ended June 30, 2026. After subtracting -22.62M in capital expenditures, free cash flow totaled 48.22M - equivalent to 1.53 per share.

Over the twelve months ended June 30, 2026, Forward Air Corporation posted a gross margin of 15.32, reflecting its pricing power and cost economics. The operating margin of 2.99 and net profit margin of -11.37 provide insight into operational efficiency.

These figures cover the twelve months ended June 30, 2026. Free cash flow yield stands at 11.30, showing how much cash the business generates relative to its market value - dividends covered by free cash flow are generally more durable than those funded by debt. Total shareholder yield reaches 3.52, combining dividends paid with share buybacks and debt reduction for a fuller picture of capital returned to Forward Air Corporation shareholders.

Forward Air Corporation's most recent stock split took place on April 4, 2005 with a 2:3 split ratio.

As of June 30, 2026, Forward Air Corporation has an Altman Z-Score of 1.66, below the 3.0 threshold that indicates strong financial health and minimal bankruptcy risk.