Forward Air FWRD Ratios & Valuation
| FY'25 | FY'24 | FY'23 | FY'22 | ||
|---|---|---|---|---|---|
| Profitability | |||||
| Operating margin | 1.6%+47.6pp | -46%-52.5pp | 6.4%-8.3pp | 14.7%+4.1pp | |
| Net margin | -4.3%+28.7pp | -33%-45.2pp | 12.2%+0.7pp | 11.5%+3.9pp | |
| Returns | |||||
| Return on equity | -68.4%+101pp | -169.1%-192pp | 22.7%-7.0pp | 29.7%+11.1pp | |
| Return on invested capital | 1.8%— | —— | —— | 20.2%+6.8pp | |
| Efficiency | |||||
| Asset turnover | 0.9×0.0× | 0.9×+0.2× | 0.7×-0.8× | 1.4×+0.2× | |
| Liquidity | |||||
| Current ratio | 1.2×0.0× | 1.2×-0.2× | 1.5×-0.3× | 1.8×+0.1× | |
| Leverage | |||||
| Debt-to-equity | 19.2×+8.5× | 10.7×+10.5× | 0.2×-0.2× | 0.4×-0.1× | |
| Net debt / EBITDA | 10.8×— | —— | -12.3×-13.1× | 0.8×-0.8× | |
| Valuation | |||||
| Market capitalization | $451.92M-33.0% | $933.78M-42.1% | $1.61B-42.2% | $2.79B-14.6% | |
| Price / sales | 0.2×-0.1× | 0.4×-0.8× | 1.2×-0.5× | 1.7×-0.7× | |
| Price / book | 5.6×+1.2× | 4.6×+2.5× | 2.1×-1.8× | 3.9×-1.6× | |
| EV / EBITDA | 11.8×— | —— | -1.3×-11.7× | 10.4×-9.1× | |
| Dividend yield | 0%— | 0%-1.5pp | 1.5%+0.6pp | 0.9%+0.2pp |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- What are Forward Air's profit margins?
- Forward Air (FWRD) runs a 48.7% gross margin and a 2.2% operating margin, with a -3.7% net margin.
- Where do Forward Air's ratios come from?
- Every ratio is computed from Forward Air's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.
