Integrated Freight & Logistics
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FWRD vs ARCB
Revenue, margins, valuation, and 5-year total return — side by side.
Trucking
FWRD vs ARCB — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Integrated Freight & Logistics | Trucking |
| Market Cap | $573M | $2.72B |
| Revenue (TTM) | $2.50B | $4.04B |
| Net Income (TTM) | $-108M | $56M |
| Gross Margin | 20.5% | 4.1% |
| Operating Margin | 1.5% | 2.2% |
| Forward P/E | — | 23.6x |
| Total Debt | $2.16B | $669M |
| Cash & Equiv. | $106M | $102M |
FWRD vs ARCB — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Forward Air Corpora… (FWRD) | 100 | 37.0 | -63.0% |
| ArcBest Corporation (ARCB) | 100 | 544.1 | +444.1% |
Price return only. Dividends and distributions are not included.
Quick Verdict: FWRD vs ARCB
Each card shows where this stock fits in a portfolio — not just who wins on paper.
FWRD is the clearest fit if your priority is income & stability and growth exposure.
- Dividend streak 8 yrs, beta 2.28
- Rev growth 0.8%, EPS growth 88.3%, 3Y rev CAGR 14.1%
- 0.8% revenue growth vs ARCB's -4.0%
ARCB carries the broadest edge in this set and is the clearest fit for long-term compounding and sleep-well-at-night.
- 6.4% 10Y total return vs FWRD's -44.3%
- Lower volatility, beta 1.90, Low D/E 51.6%, current ratio 0.95x
- Beta 1.90, yield 0.4%, current ratio 0.95x
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 0.8% revenue growth vs ARCB's -4.0% | |
| Value | Better valuation composite | |
| Quality / Margins | 1.4% margin vs FWRD's -4.3% | |
| Stability / Safety | Beta 1.90 vs FWRD's 2.28, lower leverage | |
| Dividends | 0.4% yield; 4-year raise streak; the other pay no meaningful dividend | |
| Momentum (1Y) | +108.9% vs FWRD's +9.6% | |
| Efficiency (ROA) | 2.3% ROA vs FWRD's -4.0%, ROIC 3.9% vs 1.2% |
FWRD vs ARCB — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
FWRD vs ARCB — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
ARCB leads this category, winning 4 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
ARCB is the larger business by revenue, generating $4.0B annually — 1.6x FWRD's $2.5B. ARCB is the more profitable business, keeping 1.4% of every revenue dollar as net income compared to FWRD's -4.3%. On growth, ARCB holds the edge at +3.3% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $2.5B | $4.0B |
| EBITDAEarnings before interest/tax | $189M | $217M |
| Net IncomeAfter-tax profit | -$108M | $56M |
| Free Cash FlowCash after capex | $15M | $169M |
| Gross MarginGross profit ÷ Revenue | +20.5% | +4.1% |
| Operating MarginEBIT ÷ Revenue | +1.5% | +2.2% |
| Net MarginNet income ÷ Revenue | -4.3% | +1.4% |
| FCF MarginFCF ÷ Revenue | +0.6% | +4.2% |
| Rev. Growth (YoY)Latest quarter vs prior year | -0.3% | +3.3% |
| EPS Growth (YoY)Latest quarter vs prior year | +26.6% | -138.5% |
Valuation Metrics
ARCB leads this category, winning 3 of 5 comparable metrics.
Valuation Metrics
On an enterprise value basis, ARCB's 12.6x EV/EBITDA is more attractive than FWRD's 13.9x.
| Metric | ||
|---|---|---|
| Market CapShares × price | $573M | $2.7B |
| Enterprise ValueMkt cap + debt − cash | $2.6B | $3.3B |
| Trailing P/EPrice ÷ TTM EPS | -5.28x | 46.50x |
| Forward P/EPrice ÷ next-FY EPS est. | — | 23.62x |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | 13.89x | 12.60x |
| Price / SalesMarket cap ÷ Revenue | 0.23x | 0.68x |
| Price / BookPrice ÷ Book value/share | 3.52x | 2.16x |
| Price / FCFMarket cap ÷ FCF | 37.52x | 23.79x |
Profitability & Efficiency
ARCB leads this category, winning 8 of 9 comparable metrics.
Profitability & Efficiency
ARCB delivers a 4.3% return on equity — every $100 of shareholder capital generates $4 in annual profit, vs $-67 for FWRD. ARCB carries lower financial leverage with a 0.52x debt-to-equity ratio, signaling a more conservative balance sheet compared to FWRD's 13.36x. On the Piotroski fundamental quality scale (0–9), FWRD scores 5/9 vs ARCB's 4/9, reflecting solid financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | -66.7% | +4.3% |
| ROA (TTM)Return on assets | -4.0% | +2.3% |
| ROICReturn on invested capital | +1.2% | +3.9% |
| ROCEReturn on capital employed | +1.5% | +5.1% |
| Piotroski ScoreFundamental quality 0–9 | 5 | 4 |
| Debt / EquityFinancial leverage | 13.36x | 0.52x |
| Net DebtTotal debt minus cash | $2.1B | $567M |
| Cash & Equiv.Liquid assets | $106M | $102M |
| Total DebtShort + long-term debt | $2.2B | $669M |
| Interest CoverageEBIT ÷ Interest expense | 0.19x | 6.58x |
Total Returns (Dividends Reinvested)
ARCB leads this category, winning 6 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in ARCB five years ago would be worth $14,329 today (with dividends reinvested), compared to $2,169 for FWRD. Over the past 12 months, ARCB leads with a +108.9% total return vs FWRD's +9.6%. The 3-year compound annual growth rate (CAGR) favors ARCB at 12.0% vs FWRD's -41.8% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | -26.9% | +58.0% |
| 1-Year ReturnPast 12 months | +9.6% | +108.9% |
| 3-Year ReturnCumulative with dividends | -80.3% | +40.6% |
| 5-Year ReturnCumulative with dividends | -78.3% | +43.3% |
| 10-Year ReturnCumulative with dividends | -44.3% | +635.7% |
| CAGR (3Y)Annualised 3-year return | -41.8% | +12.0% |
Risk & Volatility
ARCB leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
ARCB is the less volatile stock with a 1.90 beta — it tends to amplify market swings less than FWRD's 2.28 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. ARCB currently trades 90.2% from its 52-week high vs FWRD's 56.5% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 2.28x | 1.90x |
| 52-Week HighHighest price in past year | $32.47 | $135.10 |
| 52-Week LowLowest price in past year | $14.81 | $58.16 |
| % of 52W HighCurrent price vs 52-week peak | +56.5% | +90.2% |
| RSI (14)Momentum oscillator 0–100 | 35.5 | 56.0 |
| Avg Volume (50D)Average daily shares traded | 725K | 307K |
Analyst Outlook
FWRD leads this category, winning 1 of 1 comparable metric.
Analyst Outlook
Wall Street rates FWRD as "Hold" and ARCB as "Buy". Consensus price targets imply 101.5% upside for FWRD (target: $37) vs -3.8% for ARCB (target: $117). ARCB is the only dividend payer here at 0.39% yield — a key consideration for income-focused portfolios.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Buy |
| Price TargetConsensus 12-month target | $37.00 | $117.14 |
| # AnalystsCovering analysts | 21 | 24 |
| Dividend YieldAnnual dividend ÷ price | — | +0.4% |
| Dividend StreakConsecutive years of raises | 8 | 4 |
| Dividend / ShareAnnual DPS | — | $0.48 |
| Buyback YieldShare repurchases ÷ mkt cap | +0.1% | +2.8% |
ARCB leads in 5 of 6 categories (Income & Cash Flow, Valuation Metrics). FWRD leads in 1 (Analyst Outlook).
FWRD vs ARCB: Frequently Asked Questions
9 questions · data-driven answers · updated daily
01Is FWRD or ARCB a better buy right now?
For growth investors, Forward Air Corporation (FWRD) is the stronger pick with 0.
8% revenue growth year-over-year, versus -4. 0% for ArcBest Corporation (ARCB). ArcBest Corporation (ARCB) offers the better valuation at 46. 5x trailing P/E (23. 6x forward), making it the more compelling value choice. Analysts rate ArcBest Corporation (ARCB) a "Buy" — based on 24 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which is the better long-term investment — FWRD or ARCB?
Over the past 5 years, ArcBest Corporation (ARCB) delivered a total return of +43.
3%, compared to -78. 3% for Forward Air Corporation (FWRD). Over 10 years, the gap is even starker: ARCB returned +635. 7% versus FWRD's -44. 3%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
03Which is safer — FWRD or ARCB?
By beta (market sensitivity over 5 years), ArcBest Corporation (ARCB) is the lower-risk stock at 1.
90β versus Forward Air Corporation's 2. 28β — meaning FWRD is approximately 20% more volatile than ARCB relative to the S&P 500. On balance sheet safety, ArcBest Corporation (ARCB) carries a lower debt/equity ratio of 52% versus 13% for Forward Air Corporation — giving it more financial flexibility in a downturn.
04Which is growing faster — FWRD or ARCB?
By revenue growth (latest reported year), Forward Air Corporation (FWRD) is pulling ahead at 0.
8% versus -4. 0% for ArcBest Corporation (ARCB). On earnings-per-share growth, the picture is similar: Forward Air Corporation grew EPS 88. 3% year-over-year, compared to -64. 1% for ArcBest Corporation. Over a 3-year CAGR, FWRD leads at 14. 1% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
05Which has better profit margins — FWRD or ARCB?
ArcBest Corporation (ARCB) is the more profitable company, earning 1.
5% net margin versus -4. 3% for Forward Air Corporation — meaning it keeps 1. 5% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: ARCB leads at 2. 3% versus 1. 5% for FWRD. At the gross margin level — before operating expenses — FWRD leads at 20. 5%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
06Is FWRD or ARCB more undervalued right now?
Analyst consensus price targets imply the most upside for FWRD: 101.
5% to $37. 00.
07Which pays a better dividend — FWRD or ARCB?
In this comparison, ARCB (0.
4% yield) pays a dividend. FWRD does not pay a meaningful dividend and should not be held primarily for income.
08Is FWRD or ARCB better for a retirement portfolio?
For long-horizon retirement investors, ArcBest Corporation (ARCB) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (+635.
7% 10Y return). Forward Air Corporation (FWRD) carries a higher beta of 2. 28 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (ARCB: +635. 7%, FWRD: -44. 3%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
09What are the main differences between FWRD and ARCB?
Both stocks operate in the Industrials sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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