Skip to content
Screener

Forward Air FWRD Q2 2025 earnings

Reported August 11, 2025 · After market close

Revenue$618.8MMiss by $18.9M
EPS-$0.41Miss by $0.24
Revenue estimate$637.7M
EPS estimate-$0.17

Next report

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

Financials

Q2 2025

Income statement

See full
Revenue$618.8M-3.9%
Operating income$19.5M+102%
Net income-$12.6M+98.1%
EPS (diluted)-$0.41+98.3%

Balance sheet

See full
Cash & equivalents$95.3M-8.9%
Total debt$2.2B+4.9%
Total equity$151.8M-46.5%
Total assets$2.8B-10.0%

Cash flow

See full
CapEx$4.7M-67.1%
Free cash flow-$18.0M+69.9%

Valuation & ratios

Valuation

as of 06/30/25
See full
Market cap$680.57M+35.2%
Enterprise value$2.75B+11.7%
P/S0.3×0.0×

Profitability

See full
Operating margin1.9%+0.9pp
Net margin-6.9%-3.0pp
FCF margin-2.4%-0.5pp

Returns & leverage

See full
Return on equity-79.5%-21.1pp
Debt / equity14.2×+7.0×
Current ratio1.2×-0.1×

Segments

By segment

See full
Omni Logistics$328.3M+5.3%
Expedited Freight$257.7M-11.5%
Intermodal$59.1M-0.3%

By product

See full
Network$193.8M-13.2%
Truckload$42.6M-4.6%

By geography

See full
Foreign Operations$82.5M—

FAQ

When did Forward Air report Q2 2025 earnings?
Forward Air (FWRD) reported Q2 2025 earnings on August 11, 2025 after market close.
What were Forward Air's Q2 2025 revenue and EPS?
Forward Air reported revenue of $618.8M and eps of $-0.41 for Q2 2025.
Did Forward Air beat estimates in Q2 2025?
Revenue missed the consensus estimate of $637.7M by $18.9M. EPS missed the consensus estimate of $-0.17 by $0.24.
How did Forward Air's Q2 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 3.9% from $643.7M a year earlier and eps grew 98.2% from $-23.29.
Where can I find Forward Air's Q2 2025 SEC filings?
You can read the 8-K earnings release (0001628280-25-039528) and the 10-Q periodic report (0001628280-25-039530) directly on SEC EDGAR. The filing index links above go to sec.gov.