Forward Air (FWRD) reported $2.5B in revenue for fiscal 2025, +0.8% year on year. That ranks #1215 by revenue among 2853 SEC filers and #244 in Industrials. It posted a net loss of −$104M for the same year. Revenue has grown 11.6% a year on average since 2011 ($536M then). The fiscal 2025 balance sheet shows $2.7B in total assets, $106M in cash and $1.7B in long-term debt.
Key figures
| Key figures | FY2025 | YoY | Source |
|---|---|---|---|
| RevenueRevenueFromContractWithCustomerExcludingAssessedTax | $2.5B | +0.8% | FY20252025-12-31 |
| Gross profit | Not reported | — | |
| Operating incomeOperatingIncomeLoss | $36.4M | +$1.1B | FY20252025-12-31 |
| Net incomeNetIncomeLoss | −$104M | +$716M | FY20252025-12-31 |
| Operating cash flowNetCashProvidedByUsedInOperatingActivitiesContinuingOperations | $44.4M | +$113M | FY20252025-12-31 |
| Capital expenditurePaymentsToAcquirePropertyPlantAndEquipment | $29.1M | −21.4% | FY20252025-12-31 |
| Total assetsAssets | $2.7B | −3.0% | FY20252025-12-31 |
| Shareholders' equityStockholdersEquity | $113M | −43.8% | FY20252025-12-31 |
| CashCashAndCashEquivalentsAtCarryingValue | $106M | +1.0% | FY20252025-12-31 |
| Long-term debtLongTermDebtNoncurrent | $1.7B | +0.7% | FY20252025-12-31 |
Revenue is total net sales for the fiscal year, taken from each company's own annual filing.
Reported since the last full year
Three-month figures this company has filed since FY2025. A quarter is not comparable with a full year, and these figures are used nowhere else on the site: not in any ranking, not in comparisons, not in the download.
| Quarter | Revenue | Net income | Source |
|---|---|---|---|
| Q1 20262026-03-31 | $582M | −$34.3M | Open → |
| Q2 20262026-06-30 | $673M | −$207M | Open → |
Only periods that end on a calendar quarter appear here. A company whose fiscal year ends in June files on a different calendar, so it has no row.
Where this sits in its sector
Each bar is the spread of the whole sector: the box covers the middle half of companies, the line inside it the median, and the triangle this company. The axis is clipped at the 5th and 95th percentile so a single outlier does not flatten it.
| Where this sits in its sector | FY2025 | Position in sector |
|---|---|---|
| Net marginRank 305 of 323 companies compared | −4.2% | |
| Operating marginRank 270 of 316 companies compared | 1.5% | |
| Cash as share of revenueRank 209 of 322 companies compared | 4.2% |
All four are ratios derived from two reported lines, not single filing items. Peer group: companies in the same sector with revenue of $1bn or more; loss-making companies are included.
Profile
- Legal name
- Forward Air Corp
- Ticker
- FWRD
- Exchange
- Nasdaq
- SIC classification
- Arrangement of Transportation of Freight & Cargo (4731)
- Fiscal year end
- 12-31
- CIK
- 0000912728
Filings
- 10-QAug 5, 2026Open filing →
- 10-QMay 11, 2026Open filing →
- 10-KMar 11, 2026Open filing →
Similar in size, same sector
| Company | Revenue | Net income |
|---|---|---|
| LegenceLGN | $2.6B | −$59.8M |
| GriffonGFF | $2.5B | $51.1M |
| Ftai AviationFTAI | $2.5B | $501M |
| Forward AirFWRD | $2.5B | −$104M |
| Sterling InfrastructureSTRL | $2.5B | $290M |
| EplusPLUS | $2.4B | $133M |
| Watts Water TechnologiesWTS | $2.4B | $341M |
Cite this page
Ready-made references for the figures on this page, as published on September 25, 2026.
Wikipedia
{{cite web |title=Forward Air — Key figures |url=https://companiesranked.com/en/company/forward-air |website=CompaniesRanked |date=2026-09-25 |language=en}}APA 7
CompaniesRanked. (September 25, 2026). Forward Air — Key figures. CompaniesRanked. https://companiesranked.com/en/company/forward-airBibTeX
@misc{companiesranked-en-company-forward-air-2026,
author = {{CompaniesRanked}},
title = {{Forward Air — Key figures}},
year = {2026},
howpublished = {\url{https://companiesranked.com/en/company/forward-air}},
note = {Compiled from SEC EDGAR XBRL filings; data as of 2026-09-25},
urldate = {2026-09-25}
}The filing itself
The numbers above are read from this document: 10-K · 0001628280-26-016793 · March 11, 2026
{{cite web |title=Forward Air — Key figures — 10-K (0001628280-26-016793) |url=https://www.sec.gov/Archives/edgar/data/912728/000162828026016793/fwrd-20251231.htm |website=SEC EDGAR |publisher=U.S. Securities and Exchange Commission |date=2026-03-11}}The figures are rebuilt with every data refresh, so the reference carries the publication date. Add your own access date if your style requires one.