Forward Air Past Earnings Performance
Past criteria checks 1/6
Forward Air has been growing earnings at an average annual rate of 14.2%, while the Logistics industry saw earnings growing at 19.8% annually. Revenues have been growing at an average rate of 9.3% per year. Forward Air's return on equity is 5.6%, and it has net margins of 3.1%.
Key information
14.2%
Earnings growth rate
16.0%
EPS growth rate
| Logistics Industry Growth | 20.8% |
| Revenue growth rate | 9.3% |
| Return on equity | 5.6% |
| Net Margin | 3.1% |
| Next Earnings Update | 09 May 2024 |
Recent past performance updates
Recent updates
Revenue & Expenses BreakdownBeta
How Forward Air makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Dec 23 | 1,371 | 42 | 50 | 0 |
| 30 Sep 23 | 1,724 | 108 | 53 | 0 |
| 30 Jun 23 | 1,820 | 151 | 52 | 0 |
| 31 Mar 23 | 1,934 | 186 | 52 | 0 |
| 31 Dec 22 | 1,680 | 178 | 47 | 0 |
| 30 Sep 22 | 1,952 | 187 | 49 | 0 |
| 30 Jun 22 | 1,862 | 166 | 47 | 0 |
| 31 Mar 22 | 1,767 | 141 | 44 | 0 |
| 31 Dec 21 | 1,387 | 106 | 39 | 0 |
| 30 Sep 21 | 1,553 | 92 | 39 | 0 |
| 30 Jun 21 | 1,465 | 79 | 38 | 0 |
| 31 Mar 21 | 1,326 | 58 | 35 | 0 |
| 31 Dec 20 | 1,270 | 52 | 35 | 0 |
| 30 Sep 20 | 1,239 | 60 | 36 | 0 |
| 30 Jun 20 | 1,221 | 63 | 37 | 0 |
| 31 Mar 20 | 1,242 | 75 | 41 | 0 |
| 31 Dec 19 | 1,215 | 81 | 39 | 0 |
| 30 Sep 19 | 1,252 | 87 | 38 | 0 |
| 30 Jun 19 | 1,270 | 88 | 38 | 0 |
| 31 Mar 19 | 1,297 | 91 | 36 | 0 |
| 31 Dec 18 | 1,138 | 88 | 30 | 0 |
| 30 Sep 18 | 1,289 | 98 | 35 | 0 |
| 30 Jun 18 | 1,256 | 94 | 33 | 0 |
| 31 Mar 18 | 1,210 | 90 | 31 | 0 |
| 31 Dec 17 | 1,169 | 87 | 30 | 0 |
| 30 Sep 17 | 1,109 | 65 | 28 | 0 |
| 30 Jun 17 | 1,060 | 58 | 27 | 0 |
| 31 Mar 17 | 1,015 | 29 | 26 | 0 |
| 31 Dec 16 | 1,030 | 27 | 25 | 0 |
| 30 Sep 16 | 974 | 38 | 24 | 0 |
| 30 Jun 16 | 972 | 42 | 22 | 0 |
| 31 Mar 16 | 983 | 63 | 22 | 0 |
| 31 Dec 15 | 959 | 55 | 21 | 0 |
| 30 Sep 15 | 917 | 49 | 21 | 0 |
| 30 Jun 15 | 871 | 50 | 20 | 0 |
| 31 Mar 15 | 815 | 55 | 17 | 0 |
| 31 Dec 14 | 781 | 61 | 16 | 0 |
| 30 Sep 14 | 748 | 60 | 14 | 0 |
| 30 Jun 14 | 717 | 57 | 14 | 0 |
| 31 Mar 14 | 682 | 54 | 14 | 0 |
| 31 Dec 13 | 652 | 54 | 13 | 0 |
| 30 Sep 13 | 627 | 55 | 12 | 0 |
| 30 Jun 13 | 600 | 53 | 12 | 0 |
Quality Earnings: FA2 has a large one-off loss of $57.5M impacting its last 12 months of financial results to 31st December, 2023.
Growing Profit Margin: FA2's current net profit margins (3.1%) are lower than last year (10.6%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: FA2's earnings have grown by 14.2% per year over the past 5 years.
Accelerating Growth: FA2's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: FA2 had negative earnings growth (-76.5%) over the past year, making it difficult to compare to the Logistics industry average (9.7%).
Return on Equity
High ROE: FA2's Return on Equity (5.6%) is considered low.