What is Forward Air's shares (diluted)?

Forward Air (FWRD) reported shares (diluted) of 27.5M in Q4 2024.

How has Forward Air's shares (diluted) changed year-over-year?

Forward Air's shares (diluted) increased by 5.9% year-over-year, from 26M to 27.5M.

What is the long-term trend for Forward Air's shares (diluted)?

Over 2 years (2021 to 2023), Forward Air's shares (diluted) has grown at a -2.3% compound annual growth rate (CAGR), from 109.3M to 104.3M.

What does shares (diluted) mean?

The weighted-average shares outstanding plus all potentially dilutive shares from stock options, RSUs, convertible securities, and warrants, using the treasury stock method.

Forward Air FWRD Shares (Diluted)

Discontinued — last reported Q4 '24

Shares (Diluted) at other companies

Old Dominion Freight LineODFL

209.3M-2.0%

C.H. Robinson WorldwideCHRW

121M-0.8%

XPO

XPOXPO

119M-0.8%

RXORXO

169.1M+0.6%

Radiant LogisticsRLGT

48.5M-0.3%

Covenant Logistics GroupCVLG

26.4M-5.2%

Other financials

Income statement

See full

Revenue$582.0M-5.1%

Operating income$20.4M+329%

Net income-$34.3M+32.2%

EPS (diluted)-$1.09+35.1%

Balance sheet

See full

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

See full

Operating cash flow$45.7M+65.6%

CapEx$6.9M-41.7%

Free cash flow$38.8M+147%

Valuation

See full

Market cap$451.92M-33.0%

Enterprise value$2.46B-9.2%

P/S0.2×-0.1×

Profitability

See full

Gross margin48.7%—

Operating margin2.2%+1.1pp

Net margin-3.7%-1.7pp

FCF margin0.6%+0.3pp

Returns & leverage

See full

Return on equity-77.6%-25.2pp

Debt / equity26.5×+12.6×

Current ratio1.2×+0.1×

Where this comes from

Reported directly by Forward Air in its filing.

Tagged under the XBRL concept us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding.

The official record: Forward Air’s 10-K, filed March 24, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is Forward Air's shares (diluted)?: Forward Air (FWRD) reported shares (diluted) of 27.5M in Q4 2024.
How has Forward Air's shares (diluted) changed year-over-year?: Forward Air's shares (diluted) increased by 5.9% year-over-year, from 26M to 27.5M.
What is the long-term trend for Forward Air's shares (diluted)?: Over 2 years (2021 to 2023), Forward Air's shares (diluted) has grown at a -2.3% compound annual growth rate (CAGR), from 109.3M to 104.3M.
What does shares (diluted) mean?: The weighted-average shares outstanding plus all potentially dilutive shares from stock options, RSUs, convertible securities, and warrants, using the treasury stock method.