Forward Air マネジメント
マネジメント 基準チェック /04
Forward Airの CEO はShawn Stewartで、 Apr2024年に任命され、 の在任期間は 2.42年です。 の年間総報酬は$ 5.56Mで、 16.2%給与と83.8%のボーナス（会社の株式とオプションを含む）で構成されています。 は、会社の株式の0.43%を直接所有しており、その価値は$ 2.40M 。経営陣と取締役会の平均在任期間はそれぞれ1.2年と2.3年です。
主要情報
Shawn Stewart
最高経営責任者
US$5.6m
報酬総額
| CEO給与比率 | 16.18% |
| CEO在任期間 | 2.4yrs |
| CEOの所有権 | 0.4% |
| 経営陣の平均在職期間 | 1.2yrs |
| 取締役会の平均在任期間 | 2.3yrs |
経営陣の近況
Recent updates
ナラティブ更新 • Sep 04
FWRD: Customer Contract Progress And 2027 Focus Will Drive Upside
Analysts have lifted their fair value estimate for Forward Air from $17 to $27, citing higher long-term price targets of approximately $29 and $19, as well as increased confidence in contract retention and the company’s positioning in the current freight market. Analyst Commentary on Forward Air Recent research updates on Forward Air focus on contract retention, valuation timeframes, and how the company is positioned in the current freight market.Seeking Alpha • Aug 25
Forward Air: Undervalued, But Lack Of Profitability May Dampen Growth
Summary Forward Air is rated a hold despite being significantly undervalued due to persistent net losses and profitability concerns. Management expects to retain 50–75% of a $250 million customer contract, potentially adding $125–$187.5 million in revenue in FY 2026. FWRD’s net leverage ratio improved to 5.2x, with further deleveraging planned via divestiture of the intermodal segment to reduce debt. Revenue growth and valuation upside hinge on successful customer retention and conversion of MOU commitments into realized sales. Read the full article on Seeking Alpha
ナラティブ更新 • Aug 20
FWRD: Contract Extension And Amazon Optionality Will Support Future Share Recovery
Analysts have raised their price targets on Forward Air, increasing the average fair value estimate from about $18.33 to $28.00. They cite improved visibility on a key customer contract and the adoption of a longer term 2027 valuation framework in what they view as a supply-led freight market.
ナラティブ更新 • Aug 06
FWRD: Contract Win And Extended Term Will Drive Future Upside
Forward Air's analyst price target has been revised upward by $7, with analysts pointing to improved visibility on retaining a significant portion of high margin contract logistics business and an extended customer agreement as key supports for the new view. Analyst Commentary on Forward Air Recent research suggests that bullish analysts see the latest contract update as a key support for Forward Air.ナラティブ更新 • Jul 09
FWRD: Cost Discipline And Amazon Partnership Optionality Will Drive Future Share Recovery
Forward Air's updated analyst price target has shifted lower by $15.67 to $18.33, as analysts adjust their assumptions around revenue growth, profit margins, and future P/E following recent research updates from firms that reduced their targets on the stock. Analyst Commentary Recent research updates on Forward Air reflect a more cautious stance from Wall Street, with price targets moving lower as analysts revisit their expectations for revenue, margins, and the appropriate P/E multiple for the stock.ナラティブ更新 • Jun 25
FWRD: Amazon Partnership Potential And 2026 EBITDA Multiple Will Drive Upside
Analysts have reset their price target on Forward Air to $17 from $30, citing updated assumptions for slower revenue growth, slightly lower profit margins, a higher discount rate, and a lower future P/E multiple. Analyst Commentary Recent research on Forward Air points to a more cautious tone, with several bearish analysts resetting expectations and highlighting risks around growth, profitability, and valuation.ナラティブ更新 • Jun 10
FWRD: Execution On Margins And P/E Assumptions Will Drive Future Upside
Analysts have trimmed their blended price target for Forward Air, citing recent cuts from firms that now see the stock warranting a lower valuation in light of updated assumptions on growth, margins, and future P/E levels. Analyst Commentary Recent research updates show that some bullish analysts still see room for Forward Air to execute on its plans even as official price targets are trimmed.ナラティブ更新 • May 27
FWRD: Higher Discount Rate And Profit Margin Assumptions Will Drive Future Upside
Analysts have reduced their price targets for Forward Air by $23, citing updated assumptions around a fair value of $20.00, a higher discount rate of 12.46%, revised revenue growth of 4.63%, a profit margin of 5.08%, and a future P/E of 6.75. Analyst Commentary Recent research points to a more cautious stance around valuation for Forward Air, with price targets adjusted to reflect updated assumptions on discount rates, revenue growth, profit margins, and future P/E.ナラティブ更新 • May 01
FWRD: Strategic Review Outcome And 2026 EBITDA Multiple Will Drive Upside Potential
Analysts have trimmed their price targets on Forward Air, with recent Street research pointing to modest adjustments tied to an ongoing company review and updated views on earnings potential, including references to the shares trading around 8.5x 2026E EBITDA and perceived value at current levels. Analyst Commentary Recent research has highlighted that some bearish analysts are trimming expectations on Forward Air, pointing to a mix of company specific review outcomes and updated earnings assumptions.ナラティブ更新 • Apr 16
FWRD: Strategic Review And 2026 EBITDA Multiple Will Shape Upside Potential
Narrative update on Forward Air The analyst price target for Forward Air has been trimmed by $1, as analysts factor in updated expectations for revenue growth, profit margins, and forward P/E, while still pointing to perceived value based on the company's current EBITDA multiple and ongoing review process. Analyst Commentary Recent research moves show that some bearish analysts are trimming expectations for Forward Air, with price targets reduced by about $1 in one case and to $42 from $45 in another.ナラティブ更新 • Feb 12
FWRD: Fair Value View Will Highlight Refined Pricing Versus Execution Risk
Analysts have raised their price target on Forward Air by $2, citing updated assumptions around revenue growth, profit margin, discount rate, and future P/E that modestly refine their view of the stock's risk and earnings profile. Analyst Commentary Bearish analysts are treating the updated price target, including the recent US$2 adjustment, as a fine tuning of risk rather than a strong endorsement of the current setup.分析記事 • Feb 07
Forward Air's (NASDAQ:FWRD) Returns On Capital Not Reflecting Well On The Business
If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...ナラティブ更新 • Jan 25
FWRD: Fair Value View Will Weigh Modest Upside Against Execution Risks
Analysts have raised their price target on Forward Air by $2, citing updated assumptions that include modestly higher revenue growth, slightly improved profit margins, and a marginally lower future P/E multiple in their models. Analyst Commentary While the latest price target move reflects refreshed modeling assumptions, some bearish analysts remain cautious and are using this update to highlight ongoing risks around execution, profitability, and valuation.ナラティブ更新 • Jan 10
FWRD: Fair Value View Balances PE Deal Setback And Future Returns
Analysts have adjusted their price target on Forward Air to US$30.00, reflecting updated assumptions for slightly lower revenue growth, a largely unchanged profit margin outlook, and a marginally higher future P/E multiple. What's in the News Axios Pro reported that no private equity deal for Forward Air is imminent, and shares traded at US$17.05 in Monday afternoon trading, down US$3.09 or 15% (Axios Pro).ナラティブ更新 • Dec 25
FWRD: Higher Required Returns Will Eventually Reward Patient Shareholders
Analysts have trimmed their price target on Forward Air from 32 dollars to 30 dollars, reflecting slightly higher discount rate assumptions, a modestly reduced profit margin outlook, and lower expected future valuation multiples, despite a small uplift in projected revenue growth. What's in the News Forward Air shares fell about 15%, dropping 3.09 dollars to 17.05 dollars after an Axios Pro report indicated no private equity deal is imminent (Axios Pro) The company reported no share repurchases between July 1, 2025 and September 30, 2025, leaving this tranche of its buyback program inactive during the quarter (company filing) Under its February 7, 2019 share repurchase authorization, Forward Air has cumulatively bought back 3,651,380 shares, or 13.39% of its outstanding stock, for a total of 302.47 million dollars (company filing) Valuation Changes The fair value estimate has been reduced modestly from 32 dollars to 30 dollars per share, a cut of about 6 percent.ナラティブ更新 • Dec 11
FWRD: Stable Margins And Buyback Support Will Drive Future Share Price Recovery
Analysts have nudged their price target on Forward Air slightly higher to reflect stable fair value at $34.00, modestly improved long term profit margin expectations, and only minor adjustments to forecast growth and earnings multiples. What's in the News Forward Air shares dropped about 15% to $17.05 after an Axios Pro report indicated that a private equity deal for the company is not imminent (Axios Pro) The company reported no share repurchases between July 1, 2025 and September 30, 2025, despite having an authorized buyback program (company filing) Forward Air has completed repurchasing 3,651,380 shares, representing 13.39% of its outstanding shares, for a total of $302.47 million under the buyback program announced on February 7, 2019 (company filing) Valuation Changes Fair Value Estimate, unchanged at $34.00 per share, indicating no revision to the core valuation anchor.分析記事 • Dec 02
Revenues Tell The Story For Forward Air Corporation (NASDAQ:FWRD) As Its Stock Soars 29%
Those holding Forward Air Corporation ( NASDAQ:FWRD ) shares would be relieved that the share price has rebounded 29...ナラティブ更新 • Nov 27
FWRD: Profit Margin Recovery Will Set Stage For Share Price Bounce
Analysts have updated their price target for Forward Air, maintaining it at $34.00 per share. They noted modest adjustments to key financial projections, reflecting recalibrated revenue growth and future profit margin expectations.分析記事 • Nov 10
These 4 Measures Indicate That Forward Air (NASDAQ:FWRD) Is Using Debt In A Risky Way
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...ナラティブ更新 • Nov 07
FWRD: Share Buyback And Margin Reset Will Drive Rebound
Analysts have lowered their price target for Forward Air from $36.67 to $34.00. They cited shifts in profit margin expectations and updated valuation models as the reasons for this adjustment.分析記事 • Oct 14
It's Down 26% But Forward Air Corporation (NASDAQ:FWRD) Could Be Riskier Than It Looks
Forward Air Corporation ( NASDAQ:FWRD ) shares have had a horrible month, losing 26% after a relatively good period...分析記事 • Aug 22
Forward Air (NASDAQ:FWRD) Will Be Hoping To Turn Its Returns On Capital Around
What trends should we look for it we want to identify stocks that can multiply in value over the long term? Firstly...分析記事 • Jul 24
Here's Why Forward Air (NASDAQ:FWRD) Is Weighed Down By Its Debt Load
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...分析記事 • Jun 20
The Market Lifts Forward Air Corporation (NASDAQ:FWRD) Shares 34% But It Can Do More
Forward Air Corporation ( NASDAQ:FWRD ) shares have had a really impressive month, gaining 34% after a shaky period...新しいナラティブ • May 29
Technology And Integration Will Drive Global Logistics Expansion
Integration of diverse logistics services, global expansion, and strategic cross-selling position Forward Air for substantial long-term growth.Seeking Alpha • Mar 23
Forward Air: Still Not Ready To Move Forward
Summary Forward Air faces significant financial challenges due to high debt from the Omni Logistics acquisition, with shares plummeting and net debt increasing. Despite some sequential improvements, the company's high-interest expenses and uncertain 2025 outlook make the investment highly risky. The company's leverage ratio is dangerously close to covenant limits, exacerbating financial instability amidst a slowing economy. Given the high uncertainties and potential rewards, I remain cautious and see no compelling risk-reward for investing in Forward Air. Read the full article on Seeking Alpha分析記事 • Feb 03
Forward Air (NASDAQ:FWRD) Could Be Struggling To Allocate Capital
What are the early trends we should look for to identify a stock that could multiply in value over the long term? One...分析記事 • Jan 01
Forward Air (NASDAQ:FWRD) Use Of Debt Could Be Considered Risky
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Seeking Alpha • Dec 17
Forward Air: Issues Remain And Valuation Is Stretched (Rating Downgrade)
Summary Forward Air's stock downgraded to sell due to underwhelming results, high financial risks, and tight debt covenants, with a new target price of $22 per share. The Omni merger has failed to meet pro forma EBITDA and cost-saving expectations, highlighting poor execution and inflated valuation multiples. Leverage and debt profile pose significant risks, with the company nearing covenant breaches and needing substantial recovery to avoid financial distress. Valuation multiple is overly generous; a fair multiple adjustment implies a 40% overvaluation, reflecting the high risk of missing future estimates. Read the full article on Seeking Alpha分析記事 • Dec 06
Not Many Are Piling Into Forward Air Corporation (NASDAQ:FWRD) Just Yet
There wouldn't be many who think Forward Air Corporation's ( NASDAQ:FWRD ) price-to-sales (or "P/S") ratio of 0.4x is...分析記事 • Oct 02
Forward Air (NASDAQ:FWRD) Could Be Struggling To Allocate Capital
If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...Seeking Alpha • Oct 01
Forward Air: Making Some Progress After A Considerable Mess
Summary Forward Air Corporation's acquisition of Omni Logistics led to significant debt and operating losses, causing a sharp decline in share price and investor confidence. New management has made strides, improving EBITDA and addressing leverage concerns, though the freight market remains soft and earnings are still under pressure. Despite improvements, the company's financial situation remains precarious, with net debt exceeding equity valuation and realistic earnings not yet viable. While the risk-reward ratio has improved, I remain cautious and see no need to take a heroic stance on Forward Air shares. Read the full article on Seeking Alpha分析記事 • Aug 27
Forward Air Corporation (NASDAQ:FWRD) Stock Rockets 27% But Many Are Still Ignoring The Company
Forward Air Corporation ( NASDAQ:FWRD ) shares have continued their recent momentum with a 27% gain in the last month...Seeking Alpha • Jul 21
Forward Air: Freight Recession And Omni Drama Do Not Make The Stock Appealing
Summary Forward Air provides expedited less-than-truckload, full truckload, intermodal, and final mile solutions with extensive coverage across the US, Canada, and Mexico. The company's stock has plummeted due to a freight recession, the acquisition of Omni, ongoing litigation, and disappointing financial results. Analysts are expecting a revenue of $651.4 million and a loss of $0.21 per share for Forward Air's Q2 earnings, with a track record of missing estimates. Read the full article on Seeking AlphaSeeking Alpha • May 06
Forward Air: A Show-Me Story That Could Unveil Upside Potential (Rating Upgrade)
Summary Forward Air and Omni completed their merger, but the stock has since declined by 55%. The company experienced leadership changes and stopped issuing guidance, leading to a continued decline in stock price. FWRD stock is now trading to a multiple below 3.5x, compared to previous levels above the sector average of 4.8x. Read the full article on Seeking AlphaSeeking Alpha • Feb 11
Forward Air And Its Real Value
Summary Forward Air Corp. has acquired Omni Logistics, leading to concerns about debt and loss of ownership control for shareholders. The company's growth has declined due to supply chain issues and reduced consumer spending. Forward Air is positioned well in the LTL industry and has potential for long-term growth if the merger is successful. Read the full article on Seeking AlphaCEO報酬分析
| 日付 | 総報酬 | 給与 | 会社業績 |
|---|---|---|---|
| Jun 30 2026 | n/a | n/a | -US$284m |
| Mar 31 2026 | n/a | n/a | -US$91m |
| Dec 31 2025 | US$6m | US$900k | -US$108m |
| Sep 30 2025 | n/a | n/a | -US$142m |
| Jun 30 2025 | n/a | n/a | -US$198m |
| Mar 31 2025 | n/a | n/a | -US$826m |
| Dec 31 2024 | US$5m | US$588k | -US$837m |
報酬と市場: Shawnの 総報酬 ($USD 5.56M ) は、 US市場 ($USD 2.41M ) の同規模の企業の平均を上回っています。
報酬と収益: Shawnの報酬は増加しましたが、会社は利益を上げていません。
CEO
Shawn Stewart (52 yo)
2.4yrs
在職期間
US$5,561,309
報酬
Mr. Shawn Stewart is President, CEO & Director of Forward Air Corporation from July 2025. He was CEO & Director of Forward Air Corporation from April 28, 2024 to July 2025 Mr. Shawn Stewart is Chief Execut...
リーダーシップ・チーム
| 名称 | ポジション | 在職期間 | 報酬 | 所有権 |
|---|---|---|---|---|
| President | 2.4yrs | US$5.56m | 0.43% $ 2.4m | |
| Chief Financial Officer | 2.3yrs | US$3.14m | 0.27% $ 1.5m | |
| Chief Legal Officer & Secretary | 18.7yrs | US$1.36m | 0.27% $ 1.5m | |
| Chief Commercial Officer | 1.7yrs | US$1.30m | 0.047% $ 265.6k | |
| Chief Accounting Officer | no data | データなし | 0.024% $ 132.2k | |
| Chief Information Officer | less than a year | データなし | データなし | |
| Senior Vice President of Treasury & Investor Relations | no data | データなし | データなし | |
| Chief People Officer | 1.8yrs | データなし | 0.039% $ 221.1k | |
| President of Latin America (LATAM) | less than a year | データなし | データなし | |
| Chief Transformation Officer | less than a year | データなし | データなし | |
| President of Asia-Pacific | less than a year | データなし | データなし | |
| President of North America (NORTAM) | less than a year | データなし | データなし |
1.2yrs
平均在職期間
53yo
平均年齢
経験豊富な経営陣: FWRDの経営陣は 経験豊富 とはみなされません ( 1.2年の平均在職年数)。これは新しいチームを示唆しています。
取締役
| 名称 | ポジション | 在職期間 | 報酬 | 所有権 |
|---|---|---|---|---|
| President | 2.4yrs | US$5.56m | 0.43% $ 2.4m | |
| Independent Chair of the Board | 2.3yrs | US$240.55k | 0.068% $ 381.5k | |
| Independent Director | 2.3yrs | US$240.00k | 0.068% $ 381.5k | |
| Lead Independent Director | 1.3yrs | US$221.57k | 0.047% $ 265.7k | |
| Director | 1.9yrs | US$1.65m | 0.066% $ 368.6k |
2.3yrs
平均在職期間
54yo
平均年齢
経験豊富なボード: FWRDの 取締役会 は 経験豊富 ではない ( 2.3年の平均在任期間) ため、新しい取締役会が必要であると考えられます。
企業分析と財務データの現状
| データ | 最終更新日（UTC時間） |
|---|---|
| 企業分析 | 2026/09/13 08:33 |
| 終値 | 2026/09/11 00:00 |
| 収益 | 2026/06/30 |
| 年間収益 | 2025/12/31 |
データソース
企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。
| パッケージ | データ | タイムフレーム | 米国ソース例 |
|---|---|---|---|
| 会社財務 | 10年 |
| |
| アナリストのコンセンサス予想 | +プラス3年 |
|
|
| 市場価格 | 30年 |
| |
| 所有権 | 10年 |
| |
| マネジメント | 10年 |
| |
| 主な進展 | 10年 |
|
* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。
特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。
分析モデルとスノーフレーク
このレポートを生成するために使用した分析モデルの詳細は、当社のGitHubページでご覧いただけます。また、レポートの活用方法に関するガイドやYouTubeのチュートリアルも用意しています。
シンプリー・ウォールストリート分析モデルを設計・構築した ご紹介します。
業界およびセクターの指標
私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。
アナリスト筋
Forward Air Corporation 4 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。19
| アナリスト | 機関 |
|---|---|
| Garrett Holland | Baird |
| Kenneth Hoexter | BofA Global Research |
| Amit Mehrotra | Deutsche Bank |