Forward Air Corp (Delaware) (FWRD) Stock Price

Forward Air Corp (Delaware) Price

🇺🇸NASDAQ·CLOSED
13.64USD
Market closed
Today +/-
Today %

Forward Air Corp (Delaware) (FWRD) Stock | ISIN US34986A1043 | WKN 919103. The current Forward Air Corp (Delaware) stock price is 13.64 USD (2026). Revenue is 2.66 B USD. Net income is -10.97 M USD. The P/E ratio is -34.26. Market capitalization is 426.25 M USD. Forward Air Corp (Delaware) operates in the Industry sector.

Over the last 19 years Forward Air Corp (Delaware) grew revenue by 11.3% annually, reaching 2.47 B USD. Earnings per share have grown at 8.9% per year over the last 18 years. For Forward Air Corp (Delaware), the net margin of -34.1% is down versus 1.8% a few years ago. At today's price the dividend yield works out to roughly 7.04%. The payout ratio is around 42% of earnings. The dividend has grown at 7.3% per year over the past 18 years.

Forward Air Corp (Delaware) stock price

Ex-Dividend
Details

Stock Price

How to Read This Chart

This chart tracks the historical stock price of Forward Air Corp (Delaware) over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Forward Air Corp (Delaware) stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Forward Air Corp (Delaware)'s price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

Forward Air Corp (Delaware) Stock Price History
DateForward Air Corp (Delaware) Price
Access this data via the Eulerpool API

Forward Air Corp (Delaware) Revenue, EBIT, Net Income

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2005
320.9 M USD
67.4 M USD
44.9 M USD
Jan 1, 2006
352.8 M USD
75.4 M USD
48.9 M USD
Jan 1, 2007
392.7 M USD
71 M USD
44.9 M USD
Jan 1, 2008
474.4 M USD
70.3 M USD
42.5 M USD
Jan 1, 2009
417.4 M USD
25.8 M USD
9.8 M USD
Jan 1, 2010
483.9 M USD
53.7 M USD
32 M USD
Jan 1, 2011
536.4 M USD
77.1 M USD
47.2 M USD
Jan 1, 2012
584.4 M USD
83.5 M USD
52.7 M USD
Jan 1, 2013
652.5 M USD
85.3 M USD
54.5 M USD
Jan 1, 2014
781 M USD
96.4 M USD
61.2 M USD
Jan 1, 2015
959.1 M USD
81.8 M USD
55.6 M USD
Jan 1, 2016
982.5 M USD
102.4 M USD
27.5 M USD
Jan 1, 2017
1.17 B USD
108.8 M USD
86.6 M USD
Jan 1, 2018
1.14 B USD
117.2 M USD
91.2 M USD
Jan 1, 2019
1.22 B USD
112.4 M USD
86.2 M USD

Forward Air Corp (Delaware) Income Statement, Balance Sheet, Cash Flow Statement

Last updated Jun 16, 2026, 4:05 AM
 
REVENUE (B USD)
REVENUE GROWTH (%)
GROSS MARGIN (%)
GROSS INCOME (B USD)
NET INCOME (M USD)
NET INCOME GROWTH (%)
DIV. (USD)
DIV. GROWTH (%)
SHARES (M)
DOCUMENTS
202020212022202320242025e2026e2027e
1.271.661.971.372.472.542.662.85
4.4430.9718.71-30.5680.582.794.766.83
42.3244.0447.7449.2741.2340.1138.2935.84
0.540.730.940.681.021.021.021.02
23105192166-843-36-1014
-73.26356.5282.86-13.54-607.83-95.73-72.22-240
0.750.840.960.96---0.13
4.171214.29
27.727.326.92627.5427.5427.5427.54
Details

Income Statement Key Figures

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales Forward Air Corp (Delaware) generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Forward Air Corp (Delaware) retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Forward Air Corp (Delaware)'s gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares Forward Air Corp (Delaware) has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Forward Air Corp (Delaware)'s historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

Forward Air Corp (Delaware) stock margins

The Forward Air Corp (Delaware) margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Forward Air Corp (Delaware). The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Forward Air Corp (Delaware).
  • 3 Years

  • 5 Years

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  • Max

Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2005
54.38 %
21 %
13.99 %
Jan 1, 2006
54.31 %
21.37 %
13.86 %
Jan 1, 2007
53.25 %
18.08 %
11.43 %
Jan 1, 2008
52.59 %
14.82 %
8.96 %
Jan 1, 2009
49.93 %
6.18 %
2.35 %
Jan 1, 2010
51.23 %
11.1 %
6.61 %
Jan 1, 2011
51.49 %
14.37 %
8.8 %
Jan 1, 2012
50.26 %
14.29 %
9.02 %
Jan 1, 2013
49.39 %
13.07 %
8.35 %
Jan 1, 2014
50.22 %
12.34 %
7.84 %
Jan 1, 2015
48.82 %
8.53 %
5.8 %
Jan 1, 2016
50.43 %
10.42 %
2.8 %
Jan 1, 2017
46.52 %
9.3 %
7.41 %
Jan 1, 2018
43.86 %
10.3 %
8.02 %
Jan 1, 2019
45.11 %
9.25 %
7.09 %

Forward Air Corp (Delaware) Stock Revenue, EBIT, Earnings per Share

The Forward Air Corp (Delaware) earnings per share therefore indicates how much revenue Forward Air Corp (Delaware) has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.
  • 3 Years

  • 5 Years

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  • 25 Years

  • Max

Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2005
9.9 USD
2.08 USD
1.39 USD
Jan 1, 2006
11.2 USD
2.39 USD
1.55 USD
Jan 1, 2007
13.09 USD
2.37 USD
1.5 USD
Jan 1, 2008
16.36 USD
2.42 USD
1.47 USD
Jan 1, 2009
14.39 USD
0.89 USD
0.34 USD
Jan 1, 2010
16.63 USD
1.85 USD
1.1 USD
Jan 1, 2011
18.24 USD
2.62 USD
1.61 USD
Jan 1, 2012
19.81 USD
2.83 USD
1.79 USD
Jan 1, 2013
21.19 USD
2.77 USD
1.77 USD
Jan 1, 2014
25.11 USD
3.1 USD
1.97 USD
Jan 1, 2015
30.94 USD
2.64 USD
1.79 USD
Jan 1, 2016
32.32 USD
3.37 USD
0.9 USD
Jan 1, 2017
38.98 USD
3.63 USD
2.89 USD
Jan 1, 2018
38.96 USD
4.01 USD
3.12 USD
Jan 1, 2019
42.94 USD
3.97 USD
3.05 USD

Forward Air Corp (Delaware) business model & stock analysis

Forward Air Corp. engages in the provision of less-than-truckload (LTL), truckload, intermodal and pool distribution services. The company is headquartered in Greeneville, Tennessee and currently employs 4,640 full-time employees. The firm provides less-than-truckload (LTL), truckload, intermodal and pool distribution services across the United States and in Canada. The firm's segments include Expedited LTL, Truckload Premium Services (TLS), Intermodal and Pool Distribution. Expedited LTL segment provides expedited regional, inter-regional and national LTL services. TLS segment is a provider of transportation management services, including, but not limited to, expedited truckload brokerage, fleet services, as well as security and temperature-controlled logistics services in the United States and Canada. Intermodal offers first- and last-mile transportation of freight both to and from seaports and railheads through fleet and third party transportation providers. Pool distribution involves managing high-frequency handling and distribution of time-sensitive product to numerous destinations in specific geographic regions.

Forward Air Corp (Delaware) Segments

Forward Air Corp (Delaware) Revenue by Segment (1/4)

  • 3 Years

  • Max

Network
Final Mile
Truckload business
Other
Details
Date
Network
Final Mile
Truckload business
Other
Jan 1, 2014
0 USD
0 USD
0 USD
0 USD
Jan 1, 2015
0 USD
0 USD
0 USD
0 USD
Jan 1, 2016
0 USD
0 USD
0 USD
0 USD
Jan 1, 2017
0 USD
0 USD
0 USD
0 USD
Jan 1, 2018
0 USD
0 USD
0 USD
0 USD
Jan 1, 2019
0 USD
0 USD
0 USD
0 USD
Jan 1, 2020
0 USD
0 USD
0 USD
0 USD
Jan 1, 2021
840.43 M USD
275.2 M USD
223.03 M USD
35.61 M USD
Jan 1, 2022
947.82 M USD
293.77 M USD
221.98 M USD
90.33 M USD
Jan 1, 2023
845.95 M USD
0 USD
159.51 M USD
91.5 M USD
Jan 1, 2024
0 USD
0 USD
0 USD
0 USD
Jan 1, 2025
0 USD
0 USD
0 USD
0 USD

Forward Air Corp (Delaware) Revenue by Segment (2/4)

  • 3 Years

  • 5 Years

  • 10 Years

  • Max

Omni Logistics
Expedited Freight
Forward Air
Expedited LTL
Intermodal
Pool Distribution
Truckload Premium Services
FASI
TQI
Corporate
Details
Date
Omni Logistics
Expedited Freight
Forward Air
Expedited LTL
Intermodal
Pool Distribution
Truckload Premium Services
FASI
TQI
Corporate
Jan 1, 2014
0 USD
0 USD
608.12 M USD
0 USD
0 USD
0 USD
0 USD
124.38 M USD
48.46 M USD
0 USD
Jan 1, 2015
0 USD
0 USD
788.25 M USD
0 USD
0 USD
0 USD
0 USD
128.83 M USD
42.05 M USD
0 USD
Jan 1, 2016
0 USD
0 USD
0 USD
567.71 M USD
103.51 M USD
148.05 M USD
163.25 M USD
0 USD
0 USD
0 USD
Jan 1, 2017
0 USD
0 USD
0 USD
616.25 M USD
148.67 M USD
163.93 M USD
171.97 M USD
0 USD
0 USD
0 USD
Jan 1, 2018
0 USD
0 USD
0 USD
740.33 M USD
200.75 M USD
193.69 M USD
186.11 M USD
0 USD
0 USD
0 USD
Jan 1, 2019
0 USD
985.7 M USD
0 USD
0 USD
217.61 M USD
207.09 M USD
0 USD
0 USD
0 USD
0 USD
Jan 1, 2020
0 USD
1.07 B USD
0 USD
0 USD
199.57 M USD
0 USD
0 USD
0 USD
0 USD
0 USD
Jan 1, 2021
0 USD
1.37 B USD
0 USD
0 USD
0 USD
0 USD
0 USD
0 USD
0 USD
0 USD
Jan 1, 2022
0 USD
1.55 B USD
0 USD
0 USD
0 USD
0 USD
0 USD
0 USD
0 USD
0 USD
Jan 1, 2023
0 USD
1.1 B USD
0 USD
0 USD
0 USD
0 USD
0 USD
0 USD
0 USD
0 USD
Jan 1, 2024
0 USD
0 USD
0 USD
0 USD
0 USD
0 USD
0 USD
0 USD
0 USD
0 USD
Jan 1, 2025
1.35 B USD
0 USD
0 USD
0 USD
0 USD
0 USD
0 USD
0 USD
0 USD
0 USD

Forward Air Corp (Delaware) Revenue by Segment (3/4)

  • Max

Expedited Freight
Intermodal
Details
Date
Expedited Freight
Intermodal
Jan 1, 2014
0 USD
0 USD
Jan 1, 2015
0 USD
0 USD
Jan 1, 2016
0 USD
0 USD
Jan 1, 2017
0 USD
0 USD
Jan 1, 2018
0 USD
0 USD
Jan 1, 2019
0 USD
0 USD
Jan 1, 2020
0 USD
0 USD
Jan 1, 2021
0 USD
0 USD
Jan 1, 2022
0 USD
0 USD
Jan 1, 2023
0 USD
0 USD
Jan 1, 2024
1.04 B USD
232.32 M USD
Jan 1, 2025
914.66 M USD
229.3 M USD

Forward Air Corp (Delaware) Revenue by Segment (4/4)

  • Max

Omni Logistics
Details
Date
Omni Logistics
Jan 1, 2014
0 USD
Jan 1, 2015
0 USD
Jan 1, 2016
0 USD
Jan 1, 2017
0 USD
Jan 1, 2018
0 USD
Jan 1, 2019
0 USD
Jan 1, 2020
0 USD
Jan 1, 2021
0 USD
Jan 1, 2022
0 USD
Jan 1, 2023
0 USD
Jan 1, 2024
1.2 B USD
Jan 1, 2025
0 USD

Forward Air Corp (Delaware) Revenue by Region

  • Max

United States Federal
Foreign Operations
Details
Date
United States Federal
Foreign Operations
Jan 1, 2025
2.17 B USD
330.04 M USD

Forward Air Corp (Delaware) Eulerpool Fair Value

Forward Air Corp (Delaware) historical P/E ratio, EBIT multiple, and P/S ratio

Forward Air Corp (Delaware) annual returns

Details

Annual Return

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

Forward Air Corp (Delaware) shares outstanding

The number of shares was Forward Air Corp (Delaware) in 2025 — This indicates how many shares 27.54 M is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Number of stocks
Details
Date
Number of stocks
Jan 1, 2005
32.4 M base_Shares
Jan 1, 2006
31.5 M base_Shares
Jan 1, 2007
30 M base_Shares
Jan 1, 2008
29 M base_Shares
Jan 1, 2009
29 M base_Shares
Jan 1, 2010
29.1 M base_Shares
Jan 1, 2011
29.4 M base_Shares
Jan 1, 2012
29.5 M base_Shares
Jan 1, 2013
30.8 M base_Shares
Jan 1, 2014
31.1 M base_Shares
Jan 1, 2015
31 M base_Shares
Jan 1, 2016
30.4 M base_Shares
Jan 1, 2017
30 M base_Shares
Jan 1, 2018
29.2 M base_Shares
Jan 1, 2019
28.3 M base_Shares

Forward Air Corp (Delaware) Dividend History

19 years of dividend payments

YearAnnual DividendYoY ChangePayments
20230.96USD 0.0%
20220.96USD 14.3%
20210.84USD 12.0%
20200.75USD 4.2%
20190.72USD 14.3%
20180.63USD 5.0%
20170.6USD 17.6%
20160.51USD 6.3%
20150.48USD 0.0%
20140.48USD 20.0%

Forward Air Corp (Delaware) dividend payout ratio

In 2025, Forward Air Corp (Delaware) had a payout ratio of 26.87%. The payout ratio indicates the percentage of the company's profits that Forward Air Corp (Delaware) distributes as dividends.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Payout ratio
Details
Date
Payout ratio
Jan 1, 2005
17.27 %
Jan 1, 2006
18.06 %
Jan 1, 2007
18.67 %
Jan 1, 2008
19.05 %
Jan 1, 2009
82.35 %
Jan 1, 2010
25.45 %
Jan 1, 2011
17.5 %
Jan 1, 2012
19.1 %
Jan 1, 2013
22.6 %
Jan 1, 2014
24.37 %
Jan 1, 2015
26.82 %
Jan 1, 2016
56.67 %
Jan 1, 2017
20.83 %
Jan 1, 2018
20.19 %
Jan 1, 2019
23.68 %
Price targets and forecasts for Forward Air Corp (Delaware) are not yet available.

Forward Air Corp (Delaware) Earnings Estimates

Forward Air Corp (Delaware) Earnings Estimates

DateEPS estimateRevenue EstimateQuarterly report
2/23/2026-0.26USD642.04 MUSD2025 Q4
8/11/2025-0.28USD640.54 MUSD2025 Q2
4/29/20240.98USD417.3 MUSD2024 Q1
2/6/20241.01USD419.04 MUSD2023 Q4
7/25/20232.03USD520.67 MUSD2023 Q2
4/25/20231.73USD493.65 MUSD2023 Q1
2/7/20232.04USD517.38 MUSD2022 Q4
10/26/20221.94USD511.9 MUSD2022 Q3
7/27/20221.82USD509.95 MUSD2022 Q2
4/27/20221.29USD456.94 MUSD2022 Q1
...

EESG©

Eulerpool ESG Scorecard© for the Forward Air Corp (Delaware) stock

49/100
37
Environment
39
Social
70
Governance
E

Environment

20
Scope 1 - Direct Emissions68,942
Scope 2 - Indirect emissions from purchased energy13,719
Scope 3 - Indirect emissions within the value chain413,070
Total CO₂ emissions82,661
CO₂ reduction strategy
Coal energy
Nuclear power
Animal experiments
Fur & Leather
Pesticides
Palm Oil
Tobacco
Genetically modified organisms
Climate concept
Sustainable forestry
Recycling regulations
Environmentally friendly packaging
Hazardous substances
Fuel consumption and efficiency
Water consumption and efficiency
S

Social

20
Percentage of female employees30
Percentage of women in management
Percentage of Asian employees
Share of Asian management
Percentage of Hispanic/Latino employees
Hispano/Latino Management share
Percentage of Black employees
Black Management Share
Percentage of white employees
White Management Share
Adult content
Alcohol
Weapons
Firearms
Gambling
Military contracts
Human rights concept
Privacy concept
Occupational health and safety
Catholic
G

Governance (Corporate Governance)

4
Environmental reporting
Stakeholder Engagement
Call Back Policies
Antitrust law

The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.

Forward Air Corp (Delaware) shareholder structure

% Name
12.24%
Clearlake Capital Partners, LLC
Clearlake Capital Partners, LLC
9.64012%
BlackRock Institutional Trust Company, N.A.
BlackRock Institutional Trust Company, N.A.
9.35002%
Littlejohn & Co. LLC
Littlejohn & Co. LLC
6.52827%
The Vanguard Group, Inc.
The Vanguard Group, Inc.
6.1997%
Ridgemont Equity Partners
Ridgemont Equity Partners
4.34894%
Ancora Advisors, L.L.C.
Ancora Advisors, L.L.C.
3.9351%
Irenic Capital Management LP
Irenic Capital Management LP
3.34792%
Private Management Group, Inc.
Private Management Group, Inc.
3.13405%
Rocky Mountain Advisers LLC
Rocky Mountain Advisers LLC
2.99866%
State Street Investment Management (US)
State Street Investment Management (US)
...

Forward Air Corp (Delaware) Executives and Management Board

SS

Mr. Shawn Stewart

(51)

Chief Executive Officer, Director · since 2024

Compensation4.56 M USD
MH

Mr. Michael Hance

(53)

Chief Legal Office, Secretary

Compensation2 M USD
JP

Mr. Jamie Pierson

(55)

Chief Financial Officer

Compensation1.71 M USD
JT

Mr. Joseph Tomasello

(47)

Chief Information Officer

Compensation1.1 M USD
CA

Mr. Charles Anderson

(41)

Independent Director

Compensation209,397 USD

Frequently asked questions about Forward Air Corp (Delaware)

All fundamentals and in-depth analysis of Forward Air Corp (Delaware)

Our stock analysis for Forward Air Corp (Delaware) Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Forward Air Corp (Delaware) Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.