When did Forward Air report Q4 2024 earnings?

Forward Air (FWRD) reported Q4 2024 earnings on February 26, 2025 after market close.

What were Forward Air's Q4 2024 revenue and EPS?

Forward Air reported revenue of $632.8M and eps of $0.01 for Q4 2024.

Did Forward Air beat estimates in Q4 2024?

Revenue missed the consensus estimate of $667.4M by $34.6M. EPS beat the consensus estimate of $-0.12 by $0.13.

Where can I find Forward Air's Q4 2024 SEC filings?

You can read the 10-K periodic report (0001628280-25-014482) directly on SEC EDGAR. The filing index links above go to sec.gov.

Forward Air FWRD Q4 2024 Annual earnings

Reported February 26, 2025 · After market close

Revenue$632.8MMiss by $34.6M

EPS$0.01Beat by $0.13

Revenue estimate$667.4M

EPS estimate-$0.12

Next report

Aug 5, 2026 (In 1 week)

Revenue estimate$634.4M

EPS estimate-$0.17

Financials

Q4 2024

Income statement

See full

Revenue$632.8M+87.0%

Operating income--100%

Net income-$36.4M-136%

EPS (diluted)-$1.24-132%

Balance sheet

See full

Cash & equivalents$105.3M-94.6%

Total debt$2.2B+1,292%

Total equity$201.7M-73.6%

Total assets$2.8B-5.9%

Cash flow

See full

Operating cash flow-$23.2M-158%

CapEx$7.3M-16.1%

Free cash flow-$30.5M-198%

Valuation & ratios

Valuation

as of 12/31/24

See full

Market cap$933.78M-42.1%

Enterprise value$2.99B+1,731%

P/S0.4×-0.8×

Profitability

See full

Operating margin-46%-52.5pp

Net margin-33%-45.2pp

FCF margin-7%-19.3pp

Returns & leverage

See full

Return on equity-169.1%-192pp

Debt / equity10.7×+10.5×

Current ratio1.2×-0.2×

Segments

By segment

See full

Omni Logistics$325.6M—

Expedited Freight Segment$265.9M-4.7%

Intermodal Segment$59.8M+0.5%

By product

See full

Network$199.0M-8.4%

Truckload$45.1M+17.0%

Versus estimates

Revenue

Q1 2026$582.0MMiss by $38.2M Q4 2025$631.2MBeat by $1.6M Q3 2025$631.8MBeat by $2.2M Q2 2025$618.8MMiss by $18.9M Q1 2025$613.3MMiss by $3.9M

Q4 2024$632.8MMiss by $34.6M

Diluted EPS

Q1 2026-$1.09Miss by $0.74 Q4 2025-$0.28Miss by $0.02 Q3 2025-$0.52Miss by $0.39 Q2 2025-$0.41Miss by $0.24 Q1 2025-$1.59Miss by $1.12

Q4 2024$0.01Beat by $0.13

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Questions, answered.

When did Forward Air report Q4 2024 earnings?: Forward Air (FWRD) reported Q4 2024 earnings on February 26, 2025 after market close.
What were Forward Air's Q4 2024 revenue and EPS?: Forward Air reported revenue of $632.8M and eps of $0.01 for Q4 2024.
Did Forward Air beat estimates in Q4 2024?: Revenue missed the consensus estimate of $667.4M by $34.6M. EPS beat the consensus estimate of $-0.12 by $0.13.
Where can I find Forward Air's Q4 2024 SEC filings?: You can read the 10-K periodic report (0001628280-25-014482) directly on SEC EDGAR. The filing index links above go to sec.gov.