BeStock  

Forward Air FWRD

US equityMarket cap rank #3603Integrated Freight & Logistics
$16.64 −$0.29 (-1.71%)
Market closed · Nov 6, 8:10 pm ET · Last extended-hours $17.00 +2.16%
Open$16.93
Prev close$16.93
Day range$16.61 – $18.10
Volume355.3K
Market cap$562.11M
P/E (TTM)–
Dividend yield–

Earnings

Average move on report day±11.8%last 16 reports
Closed higher7 of 1644% of the time
Best reaction+21.1%
Worst reaction-43.0%

Stock move on the day after each report

-9.3%2023/Q3-5.2%2023/Q4-22.1%2024/Q1+21.1%2024/Q2+8.2%2024/Q3-10.7%2024/Q4+0.2%2025/Q1+1.9%2025/Q2+18.1%2025/Q3+4.5%2025/Q4-43.0%2026/Q1+15.5%2026/Q2
QuarterReport dateTimingImplied moveActual moveVersus implied
2026/Q25 Aug 2026After Market±16.9%+15.51%Within range
2026/Q17 May 2026None±15.1%-43.05%Bigger than priced
2025/Q423 Feb 2026After Market±13.7%+4.55%Within range
2025/Q35 Nov 2025After Market±18.3%+18.15%Within range
2025/Q211 Aug 2025After Market±18.2%+1.93%Within range
2025/Q17 May 2025After Market±26.0%+0.23%Within range
2024/Q426 Feb 2025After Market±22.9%-10.68%Within range
2024/Q34 Nov 2024After Market±18.1%+8.21%Within range
2024/Q27 Aug 2024After Market±17.6%+21.07%Bigger than priced
2024/Q18 May 2024After Market±16.2%-22.08%Bigger than priced
2023/Q428 Feb 2024After Market±12.7%-5.16%Within range
2023/Q330 Oct 2023After Market±11.7%-9.26%Within range
2023/Q22 Aug 2023After Market±7.1%-5.68%Within range
2023/Q11 May 2023After Market–-7.57%–
2022/Q48 Feb 2023After Market±8.1%-14.33%Bigger than priced
2022/Q326 Oct 2022After Market±10.7%-1.45%Within range

"Implied move" is the size of move the options market was pricing ahead of the report. Move is the stock’s change on the first session after the release.

Where the revenue comes from

Quarter 2026/Q2

By business line

  • Omni Logistics$338.55M 47.2%
  • Expedited Freight$319.06M 44.5%
  • Intermodal$59.72M 8.3%

Latest reported quarter: Q2, ended Jun 2026

Revenue$673.04M+8.8% YoY
Operating profit$42.69M+118.7% YoY
Net profit-$245.93M-1,107.7% YoY
Diluted EPS-$6.38-1,456.1% YoY
Free cash flow-$8.10M+54.9% YoY
Operating cash flow-$4.88M

Revenue, last 8 quarters

$655.9MSep '24$632.8MDec '24$613.3MMar '25$618.8MJun '25$631.8MSep '25$631.2MDec '25$582.0MMar '26$673.0MJun '26

Net profit, last 8 quarters

$-35.3MSep '24$-35.8MDec '24$-61.2MMar '25$-20.4MJun '25$-23.8MSep '25$-36.4MDec '25$-40.2MMar '26$-245.9MJun '26

Profitability & balance sheet

Gross margin15.3%
Operating margin3.0%
Net margin-11.4%
Return on equity-1,574.1%
Return on assets-11.1%
Return on invested capital-5.2%
Current ratio1.32
Liabilities / assets105.1%
Cash & investments$139.45M
Total debt$1.99B
Net cash (debt)-$1.85B
Free cash flow / sales1.9%

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