# Forward Air Corporation (FWRD)

> Industrials · US · Reports in USD

Fundamental indicators from Sponda, adjusted for inflation.

[HTML version](https://sponda.capital/en/FWRD/fundamentals)

## Annual figures

| Year | Revenue (M) | Net Inc. (M) | FCF (M) | Debt (M) | Equity (M) |
| --- | --- | --- | --- | --- | --- |
| 2026 | $ 1.26B | $ -241.62M | $ 30.70M | $ 2.11B | $ -115.43M |
| 2025 | $ 2.55B | $ -110.37M | $ 15.63M | $ 2.16B | $ 113.34M |
| 2024 | $ 2.60B | $ -858.70M | $ -118.21M | $ 2.15B | $ 201.73M |
| 2023 | $ 1.25B | $ 180.95M | $ 164.06M | $ 1.96B | $ 764.26M |
| 2022 | $ 2.20B | $ 215.81M | $ 243.93M | $ 266.78M | $ 707.24M |
| 2021 | $ 1.98B | $ 125.83M | $ 96.46M | $ 320.07M | $ 593.65M |
| 2020 | $ 1.62B | $ 30.23M | $ 93.01M | $ 243.24M | $ 547.33M |
| 2019 | $ 1.82B | $ 112.42M | $ 168.84M | $ 179.23M | $ 577.18M |
| 2018 | $ 1.74B | $ 121.57M | $ 145.62M | $ 47.64M | $ 553.24M |
| 2017 | $ 1.48B | $ 117.63M | $ 87.70M | $ 40.95M | $ 533.49M |
| 2016 | $ 1.35B | $ 38.07M | $ 121.30M | $ 28.74M | $ 499.07M |
| 2015 | $ 1.35B | $ 78.03M | $ 63.50M | $ 84.74M | $ 510.06M |
| 2014 | $ 1.10B | $ 86.43M | $ 73.72M | $ 1.55M | $ 463.56M |
| 2013 | $ 927.99M | $ 77.47M | $ 78.79M | $ 72.0K | $ 435.87M |
| 2012 | $ 843.80M | $ 76.04M | $ 68.19M | $ 334.0K | $ 351.67M |
| 2011 | $ 788.06M | $ 69.34M | $ 81.90M | $ 885.0K | $ 286.90M |
| 2010 | $ 732.76M | $ 48.51M | $ 58.82M | $ 51.52M | $ 256.09M |
| 2009 | $ 632.02M | $ 14.84M | $ 55.08M | $ 53.09M | $ 224.51M |
| 2008 | $ 718.37M | $ 64.42M | $ 62.94M | $ 56.98M | $ 208.44M |
| 2007 | $ 594.66M | $ 68.02M | $ -1.30M | $ 1.84M | $ 182.83M |
| 2006 | $ 534.13M | $ 74.08M | $ 60.02M | $ 836.0K | $ 185.23M |

Columns not available in this view: annualPriceMultiples, dividends. They require live market data and are shown on the HTML page instead.

## Leverage and liquidity

| Indicator | Value |
| --- | --- |
| Gross Debt / Eq | -18.28 |
| Liabilities / Eq | -21.95 |
| Current Ratio | 1.32 |

## Debt coverage

| Indicator | Value |
| --- | --- |
| Gross Debt / FCF | 21.38 |

## Other views

- [Metrics](https://sponda.capital/en/FWRD.md)
- [Charts](https://sponda.capital/en/FWRD/charts.md)
- [Compare](https://sponda.capital/en/FWRD/compare.md)
- [Indicator definitions](https://sponda.capital/en/screener.md)

Data as of 2026-08-27.