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Companies/Forward Air Corporation
Company profile

Forward Air Corporation

NASDAQ: FWRD · Industrials · Integrated Freight & Logistics
PublicHQ Greeneville, TN · GreeneCIK 0000912728Reports USD
#193 of 959 Industrials companies by revenue40th-percentile growth
EA Score
56C
FH 44DQ 72GM 51SS 76
v0.1 · 65/100 weight · provisional
↑ disclosure history, 3-yr revenue growth · ↓ growth stability, revenue growth (YoY)
Methodology →
Revenue TTM
$2.5B
Rev growth YoY (TTM)
-3.2%
Net income (FY)
-$107.8M
Employees
6,319
Market cap
$425.4M
OverviewFinancialsSegmentsFilingsESGPeople & Places

Financials — latest annual

SEC EDGAR · USD-normalized
ConceptUSDNativeFY
Revenue$2.5B$2.5B2025
Net income-$107.8M-$107.8M2025
Operating income$36.4M$36.4M2025
Total assets$2.7B$2.7B2025
Equity$113.3M$113.3M2025

Revenue trend

FY2023 – FY2025 · USD
$333.6M
FY23
$341.0M
FY23
$1.4B
FY23
$541.8M
FY24
$643.7M
FY24
$655.9M
FY24
$2.5B
FY24
$2.5B
FY25

Revenue by segment

Filed disclosures · FY2025
By product
Expedited Freight81%
Intermodal19%
By geography
UNITED STATES87%
Non-US13%
The read

Forward Air Corporation booked $2.5B in FY2025 revenue, growing 0.8% year over year — about the middle of the pack among Industrials companies we track, at a -4.3% net margin.

Peers · Industrials
Titan Machinery Inc.57CServe Robotics Inc.38DQuad/Graphics, Inc.64CPangaea Logistics Solutions, Ltd.61C
Neighbors
Greene →
Hydrogen Engine Center, Inc.$054D
Key facts
CEOShawn Stewart
SectorIndustrials
IndustryIntegrated Freight & Logistics
HeadquartersGreeneville, TN
ExchangeNASDAQ: FWRD
Employees6,319
IPO date1993-11-16
Latest filings
8-K2026-07-108-K2026-06-1710-Q2026-05-118-K2026-05-078-K2026-04-29DEF 14A2026-04-2910-K2026-03-118-K2026-02-23
Financials: SEC EDGAR (XBRL), USD-normalized per IAS 21 · TTM/quarterly + segments: FMP from filed disclosures · Filings: EDGAR submissions. County headcount and EA Score are in progress — see docs/DATA_GAPS.md.
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