Skip to content
Screener

Forward Air FWRD Q1 2025 Annual earnings

Reported May 7, 2025 · After market close

Revenue$613.3MMiss by $3.9M
EPS-$1.59Miss by $1.12
Revenue estimate$617.2M
EPS estimate-$0.47

Next report

Nov 4, 2026 (in 2 months)
Revenue estimate$677.4M
EPS estimate$0.12

Financials

Q1 2025

Income statement

See full
Revenue$613.3M+13.2%
Operating income$4.8M+107%
Net income-$50.6M+17.9%
EPS (diluted)-$1.68+40.2%

Balance sheet

See full
Cash & equivalents$116.7M-32.3%
Total debt$2.2B+5.0%
Total equity$154.6M-83.3%
Total assets$2.8B-29.2%

Cash flow

See full
Operating cash flow$27.6M+153%
CapEx$11.9M+140%
Free cash flow$15.7M+128%

Valuation & ratios

Valuation

as of 03/31/25
See full
Market cap$610.79M-25.5%
Enterprise value$2.65B-1.9%
P/S0.2×-0.3×

Profitability

See full
Operating margin-42%-43.7pp
Net margin-31.7%-36.1pp
FCF margin-4%-7.3pp

Returns & leverage

See full
Return on equity-149.1%-158pp
Debt / equity13.9×+11.7×
Current ratio1.1×-0.2×

Segments

By product

See full
Ground$399.4M—
Network$190.2M-11.3%
Contract Logistics$80.1M—
Air and Ocean$71.2M—
Intermodal$62.5M—

By segment

See full
Omni Logistics$323.5M+43.9%
Expedited Freight$249.4M-8.8%
Intermodal$62.5M+11.0%

By geography

See full
Foreign Operations$82.5M—

FAQ

When did Forward Air report Q1 2025 earnings?
Forward Air (FWRD) reported Q1 2025 earnings on May 7, 2025 after market close.
What were Forward Air's Q1 2025 revenue and EPS?
Forward Air reported revenue of $613.3M and eps of $-1.59 for Q1 2025.
Did Forward Air beat estimates in Q1 2025?
Revenue missed the consensus estimate of $617.2M by $3.9M. EPS missed the consensus estimate of $-0.47 by $1.12.
How did Forward Air's Q1 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 13.2% from $541.8M a year earlier and eps declined 148.4% from $-0.64.
Where can I find Forward Air's Q1 2025 SEC filings?
You can read the 8-K earnings release (0001628280-25-023133) and the 10-K/A periodic report (0001628280-25-017576) directly on SEC EDGAR. The filing index links above go to sec.gov.