Forward Air Corporation (FWRD) Stock

Forward Air Corporation (FWRD) is a Industrials stock trading at $13.64 (as of 2026-06-18), with a market capitalization of $334.59M and a trailing P/E of -4.7. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Forward Air Corporation and its subsidiaries operate as an asset-light freight and logistics provider in the United States and Canada across two segments: Expedited Freight and Intermodal. It offers less-than-truckload expedited services and related logistics support, as well as intermodal container drayage and warehouse/handling, serving freight forwarders, third-party logistics firms, airlines, steamship lines, retailers, and other transportation customers.

Valuation — source: SEC EDGAR (first-party)
Price$13.64
Market Cap$334.59M
P/E Ratio-4.7
EV / EBITDA9.6
Price / Book3.52
Price / Sales0.17
Dividend Yield0.0%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$2.50B
Net Margin-4.3%
Return on Equity-74.8%
Debt / Equity13.82
Current Ratio1.23
Revenue Growth (YoY)0.8%
EPS Growth (YoY)-88.5%
Financial Health — source: SEC EDGAR
Altman Z-Score0.87 (distress)
Valuation vs Sector & Industry
Stock P/E-4.7
Sector P/E (Industrials)27.8
Industry P/E (Transportation)17.4
vs Sector-116.8%
vs Industry-126.9%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderCLEARLAKE CAPITAL GROUP, L.P. ($63.92M)
Institutional Holders Tracked10
Company
SectorIndustrials
IndustryTransportation
CEOShawn Stewart
Employees6,319
CountryUS
IPO Date1993-11-16

Related Companies (Business model: Freight Logistics (Parcel, LTL, Truckload, Intermodal, Forwarding); 8 closest by market cap; US-domiciled)

  • Navigator Holdings Ltd. (NVGS)
  • SFL Corporation Ltd. (SFL)
  • Marten Transport, Ltd. (MRTN)
  • Lindblad Expeditions Holdings, Inc. (LIND)
  • Genco Shipping & Trading Limited (GNK)
  • Nordic American Tankers Limited (NAT)
  • Heartland Express, Inc. (HTLD)
  • Covenant Logistics Group, Inc. (CVLG)
FWRD earnings history · FWRD institutional & insider holders · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-06-18.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.