Forward Air Corporation - Common Stock (FWRD)
Industrials › Arrangement of Transportation of Freight & Cargo
Price History
Feb 9, 2026 — Mar 28, 2026Investment Snapshot
- P/B of 4.52 — trading above book value
- Piotroski F-Score 2/9 — signs of financial weakness
- Loss-making — negative ROE of -102.2%
Forward Air Corporation - Common Stock (FWRD) is a Industrials company operating in Arrangement of Transportation of Freight & Cargo, listed on the NASDAQ , with a market capitalisation of $512 million . Key value metrics: P/B ratio 4.52, Piotroski F-Score 2 out of 9 .
Value Score
Key Metrics
Current vs 5-Year Average
Based on 5 years of SEC filingsRevenue & Net Income
Financial Statements
| Metric | FY22 | FY23 | FY24 |
|---|---|---|---|
| Revenue | $X.XB | $X.XB | $X.XB |
| Gross Profit | $X.XB | $X.XB | $X.XB |
| Operating Income | $X.XB | $X.XB | $X.XB |
| Net Income | $X.XB | $X.XB | $X.XB |
| EBITDA | $X.XB | $X.XB | $X.XB |
| Total Assets | $X.XB | $X.XB | $X.XB |
| Total Liabilities | $X.XB | $X.XB | $X.XB |
Forward Air Corporation - Common Stock — Fundamental Analysis Summary
On financial health, FWRD shows a weak Piotroski F-Score of 2/9, a signal of deteriorating financial health, and negative return on equity of -102.2% (sector average: 5.5%), and high leverage with a debt-to-equity ratio of 14.89.
StockPik's composite Value Score for FWRD is 38/100 — reflecting current market or financial concerns. The score is built from ten fundamental signals: P/E, P/B, PEG ratio, P/S ratio, return on equity, gross margin, debt-to-equity, current ratio, dividend yield, and Piotroski F-Score.
FWRD reports a solid gross margin of 48.8% (sector average: 24.7%) and a modest operating margin of 2.5%.
FWRD shows revenue growing at 1% year-over-year, with earnings growing at 87%.