FWRD

Forward Air Corporation NASDAQ

Industrials ·Integrated Freight & Logistics ·US · forwardaircorp.com

$16.22

Mkt Cap $511.8M

52w Low $14.82 7.9% of range 52w High $32.47

50d MA $20.31 200d MA $24.60

P/E (TTM) -6.1x

EV/EBITDA 15.2x

P/B 4.1x

Debt/Equity 19.1x

ROE -95.1%

P/FCF 50.7x

RSI (14) —

ATR (14) —

Beta 1.47

50d MA $20.31

200d MA $24.60

Avg Volume 704.4K

About

Forward Air Corporation, together with its subsidiaries, operates as an asset-light freight and logistics company in the United States and Canada. It operates in two segments, Expedited Freight and Intermodal. The Expedited Freight segment provides expedited regional, inter-regional, and national less-than-truckload services; local pick-up and delivery services; and other services, which include f…

Recent Earnings

Date	Time	Est	Rptd	Surp	Base	Gap%	D1%	D2%	D3%	D4%	D5%	Guide ▲★
Feb 23, 2026	AMC	-0.27	-0.28	-5.7%	25.28	+5.9%	+4.5%	-0.5%	+1.9%	+0.0%	+0.6%	—
Nov 5, 2025	AMC	-0.13	-0.52	-300.0%	17.69	+24.0%	+18.1%	+18.2%	+21.9%	+22.7%	+26.5%	—
Aug 11, 2025	AMC	-0.17	-0.41	-141.2%	28.57	+7.6%	+1.9%	+1.5%	+6.7%	+4.2%	-0.9%	—
May 7, 2025	AMC	-0.47	-1.59	-238.3%	17.23	+3.9%	+0.2%	-5.3%	+10.4%	+9.7%	+9.0%	—
Feb 26, 2025	AMC	-0.12	0.01	+108.3%	25.75	-11.4%	-10.7%	-12.7%	-12.4%	-14.0%	-17.7%	—
Nov 4, 2024	AMC	-0.05	-1.71	-3320.0%	33.73	-5.7%	+8.2%	+12.4%	+9.2%	+5.0%	+5.0%	—
Aug 7, 2024	AMC	-0.07	-23.29	-9999.0%	22.50	+20.3%	+21.1%	+15.6%	+10.0%	+13.2%	+11.7%	—
May 8, 2024	AMC	-0.15	-0.64	-326.7%	21.51	-40.2%	-22.1%	-28.2%	-24.9%	-31.1%	-33.0%	—
Feb 28, 2024	AMC	0.97	0.81	-16.5%	39.15	-5.5%	-5.2%	-18.2%	-18.8%	-22.7%	-21.5%	—
Oct 30, 2023	AMC	1.10	0.99	-10.0%	70.98	-9.9%	-9.3%	-11.7%	-7.9%	-6.7%	-5.7%	—
Aug 2, 2023	AMC	1.28	0.91	-28.9%	118.91	-10.0%	-5.7%	-7.2%	-6.6%	-7.5%	-7.5%	—
May 1, 2023	AMC	1.31	1.37	+4.6%	106.70	-5.4%	-7.6%	-7.5%	-8.8%	-8.8%	-9.4%	—

Recent Analyst Ratings

Date	Firm	Action	Grade	Target	Base	Open	Gap%	D1%	D2%	D3%	D4%	D5%
Apr 16	Stifel	Maintains	Buy → Buy	—	$19.19	$19.03	-0.8%	+8.8%	+15.6%	+20.4%	+20.4%	+18.6%
Jan 21	Stifel	Maintains	Buy → Buy	—	$27.06	$27.54	+1.8%	+5.6%	+5.2%	+2.7%	-0.1%	+3.1%
Jan 5	Susquehanna	Maintains	Positive → Positive	—	$25.13	$26.00	+3.5%	+1.3%	+3.1%	+4.0%	+4.5%	+7.7%
Oct 17	Stifel	Maintains	Buy → Buy	—	$20.82	$20.46	-1.7%	-3.3%	-7.8%	-1.6%	-8.6%	-8.9%
Aug 12	Susquehanna	Maintains	Positive → Positive	—	$28.57	$30.75	+7.6%	+1.9%	+1.5%	+6.7%	+4.2%	-0.9%
Jul 24	Stifel	Maintains	Buy → Buy	—	$30.45	$30.61	+0.5%	+2.6%	+5.5%	+6.0%	+1.9%	+1.1%
Jun 26	Stifel	Upgrade	Hold → Buy	—	$22.46	$24.98	+11.2%	+8.0%	+12.0%	+9.3%	+10.4%	+17.2%
Apr 10	Stifel	Maintains	Hold → Hold	—	$13.85	$13.37	-3.5%	-3.9%	-2.4%	+5.1%	+5.5%	+5.8%
Mar 31	Susquehanna	Maintains	Positive → Positive	—	$20.72	$20.41	-1.5%	-3.0%	-5.5%	+0.1%	-27.8%	-36.7%
Feb 27	Baird	Maintains	Neutral → Neutral	—	$25.75	$22.81	-11.4%	-10.7%	-12.7%	-12.4%	-14.0%	-17.7%
Jan 23	Stifel	Maintains	Hold → Hold	—	$34.14	$34.67	+1.6%	-2.0%	-1.8%	+1.4%	-1.4%	-2.3%
Jan 7	Benchmark	Maintains	Hold → Hold	—	$32.55	$32.63	+0.2%	-1.7%	-1.7%	-1.0%	+5.6%	+4.9%
Oct 21	Stifel	Maintains	Hold → Hold	—	$39.66	$40.10	+1.1%	-0.6%	-5.4%	-7.3%	-7.8%	-7.0%
Aug 8	Baird	Maintains	Neutral → Neutral	—	$22.50	$27.06	+20.3%	+21.1%	+15.6%	+10.0%	+13.2%	+11.7%
Jul 3	Baird	Maintains	Neutral → Neutral	—	$19.34	$19.60	+1.3%	+0.6%	-2.8%	-0.1%	-3.6%	+0.1%
May 28	Wolfe Research	Upgrade	Underperform → Peer Perform	—	$12.33	$12.99	+5.4%	+21.7%	+16.2%	+35.8%	+36.3%	+39.7%
May 10	Baird	Maintains	Neutral → Neutral	—	$16.76	$16.75	-0.1%	-7.9%	-3.6%	-11.6%	-14.0%	-8.1%
Mar 1	Baird	Maintains	Neutral → Neutral	—	$37.13	$36.25	-2.4%	-13.7%	-14.4%	-18.5%	-17.2%	-15.7%
Jan 22	Stifel	Maintains	Hold → Hold	—	$51.30	$51.52	+0.4%	+3.3%	-3.2%	-4.9%	-8.6%	-9.3%
Jan 10	Wolfe Research	Downgrade	Peer Perform → Underperform	—	$63.38	$61.58	-2.8%	-8.8%	-10.9%	-11.1%	-15.4%	-16.3%
Jan 10	Stifel	Maintains	Hold → Hold	—	$63.38	$61.58	-2.8%	-8.8%	-10.9%	-11.1%	-15.4%	-16.3%
Nov 1	Susquehanna	Maintains	Positive → Positive	—	$64.41	$64.24	-0.3%	-2.7%	+1.5%	+2.8%	+4.0%	+3.3%
Oct 4	Susquehanna	Maintains	Positive → Positive	—	$69.67	$70.00	+0.5%	+1.8%	+1.3%	+2.5%	+4.3%	+4.4%
Aug 29	Jefferies	Upgrade	Hold → Buy	—	$70.89	$71.91	+1.4%	+4.1%	+1.6%	-0.1%	+1.2%	-1.2%
Aug 15	Baird	Downgrade	Outperform → Neutral	—	$73.23	$71.77	-2.0%	-7.9%	-12.2%	-13.4%	-11.8%	-11.0%
Aug 11	Stifel	Downgrade	Buy → Hold	—	$104.02	$94.06	-9.6%	-25.4%	-29.6%	-35.2%	-38.2%	-39.0%
Aug 11	Raymond James	Downgrade	Strong Buy → Market Perform	—	$104.02	$94.06	-9.6%	-25.4%	-29.6%	-35.2%	-38.2%	-39.0%
Aug 11	Wolfe Research	Downgrade	Peer Perform → Underperform	—	$104.02	$94.06	-9.6%	-25.4%	-29.6%	-35.2%	-38.2%	-39.0%
Aug 7	Stephens & Co.	Maintains	Overweight → Overweight	—	$110.34	$110.57	+0.2%	+0.6%	-0.3%	-0.3%	-5.7%	-29.6%
Aug 7	Raymond James	Maintains	Strong Buy → Strong Buy	—	$110.34	$110.57	+0.2%	+0.6%	-0.3%	-0.3%	-5.7%	-29.6%
Jul 19	Baird	Upgrade	Neutral → Outperform	—	$112.81	$115.98	+2.8%	+4.5%	+3.7%	+4.6%	+5.8%	+4.8%
Jul 7	Raymond James	Maintains	Strong Buy → Strong Buy	—	$103.24	$103.56	+0.3%	+2.4%	+4.3%	+5.6%	+6.2%	+5.0%
Jun 16	Susquehanna	Maintains	Positive → Positive	—	$104.18	$105.26	+1.0%	+0.3%	-1.3%	-0.9%	-2.7%	-4.5%
May 3	Raymond James	Maintains	Strong Buy → Strong Buy	—	$98.62	$99.15	+0.5%	+0.1%	-1.3%	-1.4%	-2.0%	-2.8%
May 2	Stephens & Co.	Maintains	Overweight → Overweight	—	$106.70	$100.91	-5.4%	-7.6%	-7.5%	-8.8%	-8.8%	-9.4%
Apr 10	Susquehanna	Maintains	Positive → Positive	—	$102.69	$103.30	+0.6%	+5.0%	+6.0%	+6.0%	+5.6%	+7.4%
Mar 8	Stephens & Co.	Maintains	Overweight → Overweight	—	$105.96	$106.22	+0.2%	+1.7%	+1.1%	-0.6%	-0.3%	-0.3%
Feb 10	Susquehanna	Maintains	Positive → Positive	—	$97.81	$97.48	-0.3%	+3.0%	+4.9%	+6.8%	+6.2%	+6.0%
Feb 9	Stephens & Co.	Maintains	Overweight → Overweight	—	$114.17	$102.75	-10.0%	-14.3%	-11.8%	-10.2%	-8.5%	-9.0%
Jan 4	Jefferies	Downgrade	Buy → Hold	—	$104.70	$102.29	-2.3%	-3.0%	-2.2%	+0.4%	+0.8%	-1.2%
Oct 25	Jefferies	Maintains	Buy → Buy	—	$98.98	$99.94	+1.0%	+1.9%	+4.1%	+2.6%	+5.6%	+7.0%
Oct 14	Raymond James	Maintains	Strong Buy → Strong Buy	—	$98.83	$98.98	+0.2%	-1.5%	-0.3%	+2.3%	-0.8%	-3.7%
Jul 29	Raymond James	Maintains	Strong Buy → Strong Buy	—	$102.15	$101.97	-0.2%	+2.7%	+2.9%	+2.3%	+2.8%	+3.3%
Jul 20	Benchmark	Maintains	Hold → Hold	—	$95.75	$95.80	+0.1%	+0.5%	+1.7%	+1.0%	+0.0%	-0.2%
Jul 15	Raymond James	Maintains	Strong Buy → Strong Buy	—	$87.37	$89.37	+2.3%	+2.2%	+3.4%	+9.6%	+10.2%	+11.5%
Apr 29	Stifel	Upgrade	Hold → Buy	—	$98.00	$98.98	+1.0%	-1.1%	+1.3%	+0.1%	+4.7%	+1.6%
Jan 6	Wolfe Research	Downgrade	Outperform → Peer Perform	—	$118.64	$115.52	-2.6%	-2.5%	-3.5%	-5.1%	-4.2%	-4.9%
Jan 5	Baird	Downgrade	Outperform → Neutral	—	$124.61	$121.67	-2.4%	-4.8%	-7.2%	-8.1%	-9.6%	-8.8%
Jan 4	Stephens & Co.	Upgrade	Equal Weight → Overweight	—	$120.66	$124.56	+3.2%	+3.3%	-1.7%	-4.2%	-5.1%	-6.7%
Dec 30	Raymond James	Maintains	Strong Buy → Strong Buy	—	$120.89	$122.04	+1.0%	-0.5%	+0.2%	-0.2%	+3.1%	-1.9%

Recent Filings

8-K

Forward Air Corp -- 8-K Filing

Forward Air delivered $36 million in operating income and $307 million in EBITDA for 2025 despite challenging freight market conditions, demonstrating operational resilience for investors.

Feb 23

Data updated apr 25, 2026 10:33am · Source: massive.com