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Forward Air FWRD Price / book

Price / book at other companies

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Old Dominion Freight LineODFL
9.9×+1.8×
C.H. Robinson Worldwide logo
C.H. Robinson WorldwideCHRW
11.5×+4.5×
FedEx logo
FedExFDX
3.1×+1.2×
United Parcel Service, Inc. logo
United Parcel Service, Inc.UPS
6.1×+0.7×
XPO
XPOXPO
12.3×+4.0×
RXO logo
RXORXO
+1.4×

Other financials

Income statement

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Revenue$673.0M+8.8%
Operating income-$201.3M-1,131%
Net income-$207.3M-1,547%
EPS (diluted)-$6.38-1,456%

Balance sheet

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Cash & equivalents$139.4M+46.3%
Total debt$2.1B-2.4%
Total equity-$115.4M-176%
Total assets$2.4B-12.7%

Cash flow

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Operating cash flow$45.7M+65.6%
CapEx$3.2M-32.3%
Free cash flow$38.8M+147%

Valuation

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Market cap$653.66M-27.1%
Enterprise value$2.62B-11.3%
P/S0.3×-0.1×

Profitability

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Gross margin48.7%
Operating margin-6.6%-8.5pp
Net margin-11.4%+21.6pp
FCF margin0.6%+0.3pp

Returns & leverage

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Return on equity-77.6%-25.2pp
Debt / equity26.5×+12.6×
Current ratio1.3×+0.1×

Where this comes from

Calculated from Forward Air’s reported figures.

Based on the most recent quarter.

The source filing: Forward Air’s 10-Q, filed May 11, 2026. Open the filing →

Filed
May 11, 2026, 4:15 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001628280-26-033501

FAQ

What is Forward Air's price / book?
Forward Air (FWRD) reported price / book of 6.5× in Q1 2026.
How has Forward Air's price / book changed year-over-year?
Forward Air's price / book increased by 64.8% year-over-year, from 3.9× to 6.5×.
What is the long-term trend for Forward Air's price / book?
Over 5 years (2020 to 2025), Forward Air's price / book has grown at a 12.7% compound annual growth rate (CAGR), from 3.8× to 6.9×.
What does price / book mean?
Market capitalization at the quarter end divided by shareholders' equity. The premium (or discount) the market assigns to the company's book equity.

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