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Stock Comparison

FWRD vs ARCB

Revenue, margins, valuation, and 5-year total return — side by side.

Live fundamentals10-year financials5-year price chart
FWRD
Forward Air Corporation

Integrated Freight & Logistics

IndustrialsNASDAQ • US
Market Cap$573M
5Y Perf.-63.0%
ARCB
ArcBest Corporation

Trucking

IndustrialsNASDAQ • US
Market Cap$2.72B
5Y Perf.+444.1%

FWRD vs ARCB — Key Financials

Market cap, revenue, margins, and valuation side-by-side.

Company Snapshot
FWRD logoFWRD
ARCB logoARCB
IndustryIntegrated Freight & LogisticsTrucking
Market Cap$573M$2.72B
Revenue (TTM)$2.50B$4.04B
Net Income (TTM)$-108M$56M
Gross Margin20.5%4.1%
Operating Margin1.5%2.2%
Forward P/E23.6x
Total Debt$2.16B$669M
Cash & Equiv.$106M$102M

FWRD vs ARCBLong-Term Stock Performance

Price return indexed to 100 at period start. Dividends excluded.

FWRD
ARCB
StockMay 20May 26Return
Forward Air Corpora… (FWRD)10037.0-63.0%
ArcBest Corporation (ARCB)100544.1+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.

Bottom line: ARCB leads in 6 of 7 categories, making it the strongest pick for valuation and capital efficiency and profitability and margin quality. Forward Air Corporation is the stronger pick specifically for growth and revenue expansion. As sector peers, any of these can serve as alternatives in the same allocation.
FWRD
Forward Air Corporation
The Income Pick

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%
Best for: income & stability and growth exposure
ARCB
ArcBest Corporation
The Long-Run Compounder

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
Best for: long-term compounding and sleep-well-at-night
See the full category breakdown
CategoryWinnerWhy
GrowthFWRD logoFWRD0.8% revenue growth vs ARCB's -4.0%
ValueARCB logoARCBBetter valuation composite
Quality / MarginsARCB logoARCB1.4% margin vs FWRD's -4.3%
Stability / SafetyARCB logoARCBBeta 1.90 vs FWRD's 2.28, lower leverage
DividendsARCB logoARCB0.4% yield; 4-year raise streak; the other pay no meaningful dividend
Momentum (1Y)ARCB logoARCB+108.9% vs FWRD's +9.6%
Efficiency (ROA)ARCB logoARCB2.3% 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

FWRDForward Air Corporation
FY 2024
Expedited Freight Segment
82.7%$1.1B
Intermodal Segment
17.3%$233M
ARCBArcBest Corporation
FY 2025
Asset Based Segment
100.0%$2.7B

FWRD vs ARCB — Financial Metrics

Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.

BEST OVERALLARCBLAGGINGFWRD

Income & Cash Flow (Last 12 Months)

ARCB leads this category, winning 4 of 6 comparable metrics.

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.

MetricFWRD logoFWRDForward Air Corpo…ARCB logoARCBArcBest Corporati…
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%
ARCB leads this category, winning 4 of 6 comparable metrics.

Valuation Metrics

ARCB leads this category, winning 3 of 5 comparable metrics.

On an enterprise value basis, ARCB's 12.6x EV/EBITDA is more attractive than FWRD's 13.9x.

MetricFWRD logoFWRDForward Air Corpo…ARCB logoARCBArcBest Corporati…
Market CapShares × price$573M$2.7B
Enterprise ValueMkt cap + debt − cash$2.6B$3.3B
Trailing P/EPrice ÷ TTM EPS-5.28x46.50x
Forward P/EPrice ÷ next-FY EPS est.23.62x
PEG RatioP/E ÷ EPS growth rate
EV / EBITDAEnterprise value multiple13.89x12.60x
Price / SalesMarket cap ÷ Revenue0.23x0.68x
Price / BookPrice ÷ Book value/share3.52x2.16x
Price / FCFMarket cap ÷ FCF37.52x23.79x
ARCB leads this category, winning 3 of 5 comparable metrics.

Profitability & Efficiency

ARCB leads this category, winning 8 of 9 comparable metrics.

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.

MetricFWRD logoFWRDForward Air Corpo…ARCB logoARCBArcBest Corporati…
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 0–954
Debt / EquityFinancial leverage13.36x0.52x
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 expense0.19x6.58x
ARCB leads this category, winning 8 of 9 comparable metrics.

Total Returns (Dividends Reinvested)

ARCB leads this category, winning 6 of 6 comparable metrics.

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.

MetricFWRD logoFWRDForward Air Corpo…ARCB logoARCBArcBest Corporati…
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%
ARCB leads this category, winning 6 of 6 comparable metrics.

Risk & Volatility

ARCB leads this category, winning 2 of 2 comparable metrics.

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.

MetricFWRD logoFWRDForward Air Corpo…ARCB logoARCBArcBest Corporati…
Beta (5Y)Sensitivity to S&P 5002.28x1.90x
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 0–10035.556.0
Avg Volume (50D)Average daily shares traded725K307K
ARCB leads this category, winning 2 of 2 comparable metrics.

Analyst Outlook

FWRD leads this category, winning 1 of 1 comparable metric.

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.

MetricFWRD logoFWRDForward Air Corpo…ARCB logoARCBArcBest Corporati…
Analyst RatingConsensus buy/hold/sellHoldBuy
Price TargetConsensus 12-month target$37.00$117.14
# AnalystsCovering analysts2124
Dividend YieldAnnual dividend ÷ price+0.4%
Dividend StreakConsecutive years of raises84
Dividend / ShareAnnual DPS$0.48
Buyback YieldShare repurchases ÷ mkt cap+0.1%+2.8%
FWRD leads this category, winning 1 of 1 comparable metric.
Key Takeaway

ARCB leads in 5 of 6 categories (Income & Cash Flow, Valuation Metrics). FWRD leads in 1 (Analyst Outlook).

Best OverallArcBest Corporation (ARCB)Leads 5 of 6 categories
Loading custom metrics...

FWRD vs ARCB: Frequently Asked Questions

9 questions · data-driven answers · updated daily

01

Is 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.

02

Which 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.

03

Which 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.

04

Which 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.

05

Which 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.

06

Is FWRD or ARCB more undervalued right now?

Analyst consensus price targets imply the most upside for FWRD: 101.

5% to $37. 00.

07

Which 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.

08

Is 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.

09

What 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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FWRD

Quality Business

  • Sector: Industrials
  • Market Cap > $100B
  • Gross Margin > 12%
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ARCB

Stable Dividend Mega-Cap

  • Sector: Industrials
  • Market Cap > $100B
  • Dividend Yield > 0.5%
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Revenue Growth>
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(FWRD: -0.3% · ARCB: 3.3%)

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