What is Forward Air's book value per share?

Forward Air (FWRD) reported book value per share of $7.32 in Q4 2024.

How has Forward Air's book value per share changed year-over-year?

Forward Air's book value per share decreased by 75.1% year-over-year, from $29.39 to $7.32.

What is the long-term trend for Forward Air's book value per share?

Over 4 years (2020 to 2024), Forward Air's book value per share has grown at a -22.0% compound annual growth rate (CAGR), from $19.76 to $7.32.

What does book value per share mean?

Shareholders' equity divided by diluted shares outstanding at the quarter end. The accounting (book) value attributable to each share.

Forward Air FWRD Book value per share

Book value per share at other companies

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$21.02+5.9%

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$14.08-1.0%

XPO

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$15.55+13.8%

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$8.92-5.5%

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$4.83+7.7%

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$15.42-3.1%

Other financials

Income statement

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Revenue$582.0M-5.1%

Operating income$20.4M+329%

Net income-$34.3M+32.2%

EPS (diluted)-$1.09+35.1%

Balance sheet

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Cash & equivalents$141.0M+20.9%

Total debt$2.2B-0.1%

Total equity$81.0M-47.6%

Total assets$2.7B-3.9%

Cash flow

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Operating cash flow$45.7M+65.6%

CapEx$6.9M-41.7%

Free cash flow$38.8M+147%

Valuation

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Market cap$451.92M-33.0%

Enterprise value$2.46B-9.2%

P/S0.2×-0.1×

Profitability

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Gross margin48.7%—

Operating margin2.2%+1.1pp

Net margin-3.7%-1.7pp

FCF margin0.6%+0.3pp

Returns & leverage

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Return on equity-77.6%-25.2pp

Debt / equity26.5×+12.6×

Current ratio1.2×+0.1×

Where this comes from

Calculated from Forward Air’s reported figures.

total stockholders equity/weighted shares diluted=$7.32

Based on the most recent quarter.

The official record: Forward Air’s 10-Q, filed May 11, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Forward Air's book value per share?: Forward Air (FWRD) reported book value per share of $7.32 in Q4 2024.
How has Forward Air's book value per share changed year-over-year?: Forward Air's book value per share decreased by 75.1% year-over-year, from $29.39 to $7.32.
What is the long-term trend for Forward Air's book value per share?: Over 4 years (2020 to 2024), Forward Air's book value per share has grown at a -22.0% compound annual growth rate (CAGR), from $19.76 to $7.32.
What does book value per share mean?: Shareholders' equity divided by diluted shares outstanding at the quarter end. The accounting (book) value attributable to each share.