Forward Air Corporation (FWRD)

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15.63

0.97 (6.62%)

At close: Apr 17, 2025, 3:59 PM

15.56

-0.48%

After-hours: Apr 17, 2025, 07:56 PM EDT

Forward Air Income Statement

Financials in USD. Fiscal year is January - December.

Fiscal Year	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021	Q3 2021	Q2 2021	Q1 2021	Q4 2020	Q3 2020	Q2 2020	Q1 2020	Q4 2019	Q3 2019	Q2 2019	Q1 2019	Q4 2018	Q3 2018	Q2 2018	Q1 2018	Q4 2017	Q3 2017	Q2 2017	Q1 2017	Q4 2016	Q3 2016	Q2 2016	Q1 2016
Period Ending	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019	Dec 31, 2018	Sep 30, 2018	Jun 30, 2018	Mar 31, 2018	Dec 31, 2017	Sep 30, 2017	Jun 30, 2017	Mar 31, 2017	Dec 31, 2016	Sep 30, 2016	Jun 30, 2016	Mar 31, 2016
Revenue	2.47B	2.18B	1.94B	1.7B	1.58B	1.72B	1.82B	1.93B	1.97B	1.95B	1.86B	1.77B	1.66B	1.55B	1.47B	1.33B	1.31B	1.34B	1.37B	1.43B	1.41B	1.39B	1.36B	1.34B	1.32B	1.27B	1.22B	1.16B	1.1B	1.06B	1.03B	999.96M	982.53M	974.16M	971.7M	982.76M
Cost of Revenue	2.3B	2.14B	1.96B	1.63B	1.33B	1.34B	1.33B	1.39B	1.43B	1.43B	1.39B	1.36B	1.3B	1.23B	1.18B	1.08B	1.08B	1.1B	1.12B	1.15B	1.12B	1.1B	1.08B	1.07B	1.05B	1.01B	966.42M	913.36M	864.3M	830.71M	805.5M	780.03M	767.29M	761M	760.53M	778.66M
Gross Profit	176.62M	44.62M	-21.23M	69.69M	251.09M	386.59M	487.98M	546.1M	546.82M	520.75M	470.15M	411.12M	365.33M	318.52M	285.99M	245.53M	231.11M	240.83M	251.67M	278.57M	287.89M	285.55M	277.2M	272.37M	266.04M	257.38M	252.85M	243.08M	236.51M	228.78M	223.34M	219.93M	215.24M	213.15M	211.17M	204.1M
Operating Income	-49.29M	-43.08M	-50.28M	-17.03M	99.21M	157.63M	213.8M	259.13M	265.98M	256.54M	227.35M	193.93M	159.3M	128.05M	109.08M	80.87M	69.85M	81.98M	89.16M	105.79M	118.83M	121.02M	120.21M	122.53M	122.03M	115.76M	112.78M	109.72M	108.67M	108.12M	105.92M	61.76M	59.98M	60.77M	60.67M	94.93M
Interest Income	n/a	n/a	2.65M	5.24M	7.59M	9.21M	8.1M	5.52M	3.16M	1.54M	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Pretax Income	-1.25B	-1.3B	-1.26B	-87.66M	67.64M	148.42M	205.7M	252.43M	260.84M	252.14M	223.52M	189.97M	154.96M	123.38M	104.08M	76M	65.29M	77.83M	85.55M	102.8M	116.11M	118.64M	118.12M	120.54M	120.25M	114.03M	111.23M	108.44M	107.45M	107.09M	104.96M	60.44M	58.39M	58.9M	58.48M	92.65M
Net Income	-816.97M	-834.5M	-751.8M	-86.42M	11.66M	108.55M	151.39M	186.87M	193.19M	190.71M	162.12M	137.36M	105.86M	60.95M	54.06M	26.54M	23.73M	52.34M	57.89M	77.07M	87.1M	90.62M	90.75M	92.72M	92.05M	99.74M	95.57M	90.82M	87.32M	64.65M	58.43M	28.81M	27.67M	38.19M	41.95M	63.84M
Selling & General & Admin	64.68M	54.33M	50.57M	49.23M	50.13M	53.27M	51.74M	51.57M	49.76M	48.83M	46.72M	44.41M	42.19M	39.09M	37.78M	34.61M	36.64M	40.07M	42.33M	47.84M	45.44M	42.27M	40.54M	37.4M	35.18M	34.64M	33.28M	30.93M	29.58M	27.56M	26.89M	25.8M	25.39M	24.16M	22.16M	21.75M
Research & Development	n/a	n/a	n/a	n/a	n/a	2.56M	2.56M	2.56M	2.56M	n/a	n/a	n/a	n/a	2.05M	2.05M	2.05M	2.05M	1.71M	1.71M	1.71M	1.71M	1.91M	1.91M	1.91M	1.91M	1.82M	1.82M	1.82M	1.82M	1.66M	1.66M	1.66M	1.66M	1.53M	1.53M	1.53M
Other Expenses	-439.16M	-179.06M	125.88M	497.81M	1.16B	885.88M	550.11M	235.4M	231.09M	215.39M	196.08M	172.77M	163.84M	114.95M	102.7M	93.63M	88.2M	88.2M	57.58M	32.7M	-2K	29.21M	29.21M	29.21M	56.98M	55.13M	55.13M	55.15M	27.36M	142K	140K	5K	2K	-82K	-68K	-40K
Operating Expenses	-321.73M	-372.61M	-85.05M	-107.75M	564.95M	597.87M	274.18M	286.97M	280.85M	264.21M	242.8M	217.19M	206.03M	190.47M	176.9M	164.66M	161.26M	158.85M	162.51M	172.78M	169.06M	164.53M	156.99M	149.84M	144.01M	141.62M	140.07M	133.36M	127.84M	120.66M	117.42M	115.72M	112.82M	109.94M	108.05M	109.17M
Interest Expense	189.22M	164.76M	114.65M	69.97M	31.57M	9.21M	8.1M	6.71M	5.14M	4.4M	3.83M	3.96M	4.34M	4.67M	5M	4.87M	4.56M	4.15M	3.61M	2.99M	2.71M	2.37M	2.08M	1.99M	1.78M	1.73M	1.54M	1.3M	1.21M	1.17M	1.1M	1.32M	1.6M	1.79M	2.13M	2.23M
Selling & Marketing Expenses	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Cost & Expenses	2.51B	2.21B	2.36B	2.08B	1.85B	1.94B	1.61B	1.67B	1.71B	1.7B	1.63B	1.57B	1.5B	1.42B	1.36B	1.25B	1.24B	1.26B	1.28B	1.33B	1.29B	1.26B	1.23B	1.22B	1.2B	1.15B	1.11B	1.05B	992.14M	951.38M	922.92M	895.76M	880.11M	870.94M	868.58M	887.83M
Income Tax Expense	-124.99M	-198.25M	-196M	-13.38M	16.76M	39.87M	54.3M	65.55M	67.65M	63.69M	56.71M	47.91M	38.87M	30.35M	24.57M	17.93M	15.56M	19.07M	21.59M	25.73M	29.01M	28.03M	27.37M	27.82M	28.19M	14.29M	15.66M	17.62M	20.13M	42.44M	46.53M	31.63M	30.72M	20.71M	16.53M	28.82M
Shares Outstanding (Basic)	27.94M	27.94M	26.8M	26.26M	25.67M	25.7M	25.93M	26.35M	26.51M	26.77M	26.87M	26.95M	26.97M	27.03M	27.26M	27.36M	26.14M	27.56M	27.7M	27.85M	28.1M	27.98M	28.27M	28.53M	28.81M	28.96M	29.17M	29.38M	29.49M	29.86M	30.08M	30.12M	30.25M	30.35M	30.25M	30.46M
Shares Outstanding (Diluted)	27.94M	27.94M	26.8M	26.26M	25.67M	25.77M	26.04M	26.48M	26.7M	26.9M	26.99M	27.1M	27.16M	27.14M	27.41M	27.5M	26.14M	27.61M	27.73M	27.95M	28.43M	28.08M	28.37M	28.65M	28.83M	29.09M	29.27M	29.48M	29.73M	30.26M	30.11M	30.3M	30.25M	30.59M	30.5M	30.63M
EPS (Basic)	-0.7	-31.16	-28.17	-3.33	0.39	4.10	5.69	6.99	7.20	7.08	5.99	5.05	3.87	2.21	1.95	0.94	0.84	1.87	2.05	2.72	3.06	3.15	3.13	3.18	3.14	3.38	3.22	3.04	2.91	2.14	1.93	0.95	0.91	1.24	1.36	2.07
EPS (Diluted)	-0.7	-31.16	-28.17	-3.33	0.39	4.09	5.67	6.96	7.17	7.05	5.97	5.03	3.85	2.20	1.94	0.94	0.84	1.86	2.04	2.71	3.05	3.15	3.13	3.17	3.13	3.36	3.20	3.02	2.89	2.13	1.92	0.95	0.91	1.24	1.35	2.06
EBITDA	-916.64M	-1.01B	-1.03B	61.7M	160.45M	213.67M	266.61M	309.02M	313.36M	303.02M	270.98M	235.37M	198.85M	165.32M	146.11M	117.9M	110.45M	123.44M	131.98M	149.88M	160.93M	163.89M	162.85M	164.85M	164.21M	157.58M	154.63M	151.45M	149.72M	148.64M	145.51M	105.46M	103.31M	103.77M	103.69M	133.03M
EBIT	-1.06B	-1.15B	-1.15B	-32.58M	84.32M	153.74M	209.91M	259.13M	265.98M	256.54M	227.35M	193.93M	159.3M	128.05M	109.08M	80.87M	69.85M	81.98M	89.16M	105.79M	118.82M	121.02M	120.21M	122.53M	122.03M	115.76M	113.05M	110.2M	109.68M	109.28M	106.8M	62.32M	59.98M	60.69M	60.6M	94.89M
Depreciation & Amortization	143.98M	123.9M	113.51M	79.38M	61.23M	56.05M	52.81M	49.89M	47.39M	46.48M	43.63M	41.45M	39.55M	37.27M	37.03M	35.73M	37.13M	37.99M	39.35M	41.91M	42.11M	42.87M	42.64M	42.32M	42.18M	41.82M	41.85M	41.71M	41.05M	40.38M	39.45M	38.57M	38.21M	37.96M	37.96M	38.14M