Forward Air Corporation

NasdaqGS:FWRD 주식 리포트

시가총액: US$304.5m

Forward Air 과거 순이익 실적

과거 기준 점검 0/6

Forward Air 의 수입은 연평균 -52.4%의 비율로 감소해 온 반면, Logistics 산업은 연평균 1.5%의 비율로 감소했습니다. 매출은 연평균 12.6%의 비율로 증가해 왔습니다.

핵심 정보

-52.44%

순이익 성장률

-51.67%

주당순이익(EPS) 성장률

Logistics 산업 성장률19.04%
매출 성장률12.62%
자기자본이익률-98.74%
순이익률-3.71%
최근 순이익 업데이트31 Mar 2026

최근 과거 실적 업데이트

Recent updates

Seeking Alpha May 11

Forward Air: Throwing The Towel On Yet Another Special Situation

Summary Forward Air faces a busted bull case after a failed sale, major customer loss, and Amazon's disruptive logistics entry. FWRD's Q1 2026 revenue and earnings missed expectations, triggering a 43% post-earnings stock drop and return to single-digit prices. Asset sales may help de-lever, but EBITDA could fall sharply; a partial rebound to $15–$16/share requires multiple favorable developments. I am waiting for the opportunity to sell into strength, but this scenario in general has provided me with many insights on how to more cautiously approach special situation stocks.. Read the full article on Seeking Alpha
내러티브 업데이트 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.
내러티브 업데이트 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.
내러티브 업데이트 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.
분석 기사 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...
내러티브 업데이트 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.
내러티브 업데이트 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).
내러티브 업데이트 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.
내러티브 업데이트 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.
분석 기사 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...
내러티브 업데이트 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.
분석 기사 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...
내러티브 업데이트 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.
분석 기사 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...
분석 기사 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...
분석 기사 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...
분석 기사 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...
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새로운 내러티브 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
분석 기사 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...
분석 기사 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
분석 기사 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...
분석 기사 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
분석 기사 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 Alpha
Seeking 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 Alpha
Seeking 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 Alpha
Seeking Alpha Jan 24

Forward Air: Understated Downside Risk As The Deal Is Set To Close

Summary Forward Air and Omni Logistics have reached a settlement agreement in their legal battle over a merger, with the transaction set to close on similar terms to the original agreement. The deal structure includes the issuance of common and preferred shares, with potential dilution and risks for common shareholders. The deal brings a significant valuation multiples expansion that coupled with higher debt increases the downside risk to around 40%. Read the full article on Seeking Alpha
분석 기사 Sep 11

We Think Forward Air (NASDAQ:FWRD) Can Stay On Top Of Its Debt

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...

매출 및 비용 세부 내역

Forward Air가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.


순이익 및 매출 추이

NasdaqGS:FWRD 매출, 비용 및 순이익 (USD Millions)
날짜매출순이익일반관리비연구개발비
31 Mar 262,464-91570
31 Dec 252,495-108590
30 Sep 252,497-116630
30 Jun 252,521-172680
31 Mar 252,546-826670
31 Dec 242,474-837650
30 Sep 242,180-790560
30 Jun 241,865-711520
31 Mar 241,555-53500
31 Dec 231,37142500
30 Sep 231,22086490
30 Jun 231,389132480
31 Mar 231,570170490
31 Dec 221,680178470
30 Sep 221,952187490
30 Jun 221,862166470
31 Mar 221,767141440
31 Dec 211,387106390
30 Sep 211,55392390
30 Jun 211,46579380
31 Mar 211,32658350
31 Dec 201,27052350
30 Sep 201,23960360
30 Jun 201,22163370
31 Mar 201,24275410
31 Dec 191,21581390
30 Sep 191,25287380
30 Jun 191,27088380
31 Mar 191,29791360
31 Dec 181,13888300
30 Sep 181,28998350
30 Jun 181,25694330
31 Mar 181,21090310
31 Dec 171,16987300
30 Sep 171,10965280
30 Jun 171,06058270
31 Mar 171,01529260
31 Dec 161,03027250
30 Sep 1697438240
30 Jun 1697242220
31 Mar 1698363220
31 Dec 1595955210
30 Sep 1591749210
30 Jun 1587150200

양질의 수익: FWRD 은(는) 현재 수익성이 없습니다.

이익 마진 증가: FWRD는 현재 수익성이 없습니다.


잉여현금흐름 대비 순이익 분석


과거 순이익 성장 분석

수익추이: FWRD은 수익성이 없으며 지난 5년 동안 손실이 연평균 52.4% 증가했습니다.

성장 가속화: 현재 수익성이 없어 지난 1년간 FWRD의 수익 성장률을 5년 평균과 비교할 수 없습니다.

수익 대 산업: FWRD은 수익성이 없어 지난 해 수익 성장률을 Logistics 업계(-1%)와 비교하기 어렵습니다.


자기자본이익률

높은 ROE: FWRD는 현재 수익성이 없으므로 자본 수익률이 음수(-98.74%)입니다.


총자산이익률


투하자본수익률


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기업 분석 및 재무 데이터 상태

데이터최종 업데이트 (UTC 시간)
기업 분석2026/05/27 02:22
종가2026/05/27 00:00
수익2026/03/31
연간 수익2025/12/31

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산업 및 섹터 지표

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분석가 소스

Forward Air Corporation는 19명의 분석가가 다루고 있습니다. 이 중 5명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.

분석가기관
Garrett HollandBaird
Christopher KuhnBenchmark Company
Kenneth HoexterBofA Global Research