Forward Air Corporation (FWRD) Quarterly Income Statement

120+ quarters historyFree accessUpdated daily

Forward Air Corporation (FWRD) quarterly income statement — complete revenue, gross profit & net income history

Quarterly statement

FWRD Income Statement

Forward Air Corporation (FWRD) annual income statement — 30-year revenue, gross profit & net income history

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22	Q3'22	Q2'22	Q1'22	Q4'21	Q3'21

Sales/Revenue	673.04M	582.05M	631.23M	631.76M	618.84M	613.28M	632.85M	655.94M	643.67M	541.81M	128.04M	340.98M	333.62M	357.71M	481.2M	510.02M	515.22M	466.96M	459.93M	419.63M
Revenue Growth %	8.76%	-5.09%	-0.26%	-3.69%	-3.86%	13.19%	394.26%	92.37%	92.93%	51.47%	-73.39%	-33.15%	-35.25%	-23.4%	4.62%	21.54%	22.48%	28.92%	31.28%	26.39%
Cost of Goods Sold	536.51M	561.61M	535.36M	616.76M	503.57M	537.98M	541M	545.54M	566.34M	481.72M	91.87M	263.67M	257.27M	253.95M	342.7M	364.09M	369.22M	350.58M	347.5M	324.29M
COGS % of Revenue	79.71%	96.49%	84.81%	97.62%	81.37%	87.72%	85.49%	83.17%	87.99%	88.91%	71.75%	77.33%	77.12%	70.99%	71.22%	71.39%	71.66%	75.08%	75.55%	77.28%
Gross Profit	136.53M	20.44M	95.87M	15.01M	115.27M	75.3M	91.84M	110.39M	77.32M	60.1M	36.17M	77.31M	76.35M	103.76M	138.5M	145.94M	146M	116.38M	112.43M	95.33M
Gross Margin %	20.29%	3.51%	15.19%	2.38%	18.63%	12.28%	14.51%	16.83%	12.01%	11.09%	28.25%	22.67%	22.88%	29.01%	28.78%	28.61%	28.34%	24.92%	24.45%	22.72%
Gross Profit Growth %	18.44%	-72.86%	4.39%	-86.41%	49.08%	25.3%	153.91%	42.8%	1.28%	-42.08%	-73.88%	-47.03%	-47.71%	-10.84%	23.19%	53.08%	67.88%	64.87%	71.33%	51.8%
Operating Expenses	337.84M	0	98.74M	0	95.75M	70.54M	95.05M	72.95M	1.17B	125.83M	44.17M	61.81M	50.02M	56.56M	77.09M	74.27M	70.46M	59.03M	60.46M	52.86M
OpEx % of Revenue	50.2%	-	15.64%	-	15.47%	11.5%	15.02%	11.12%	182.25%	23.22%	34.5%	18.13%	14.99%	15.81%	16.02%	14.56%	13.68%	12.64%	13.14%	12.6%
Selling, General & Admin	0	0	15.71M	0	15.54M	15.01M	19.72M	17.38M	14.7M	12.88M	9.37M	12.97M	12.76M	13.26M	12.5M	12.09M	13.2M	11.97M	11.57M	9.98M
SG&A % of Revenue	-	-	2.49%	-	2.51%	2.45%	3.12%	2.65%	2.28%	2.38%	7.31%	3.8%	3.82%	3.71%	2.6%	2.37%	2.56%	2.56%	2.52%	2.38%
Research & Development	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	1000K	0	1000K	0	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Operating Income	-201.31M	20.44M	-2.87M	15.01M	19.52M	4.76M	-3.21M	37.45M	-1.1B	-65.73M	-8M	15.49M	26.32M	47.2M	61.41M	71.67M	75.55M	57.35M	51.98M	42.48M
Operating Margin %	-29.91%	3.51%	-0.45%	2.38%	3.15%	0.78%	-0.51%	5.71%	-170.24%	-12.13%	-6.25%	4.54%	7.89%	13.19%	12.76%	14.05%	14.66%	12.28%	11.3%	10.12%
Operating Income Growth %	-1131.21%	329.16%	10.74%	-59.93%	101.78%	107.25%	59.85%	141.71%	-4262.41%	-239.27%	-113.03%	-78.38%	-65.15%	-17.71%	18.16%	68.72%	79.34%	152.38%	150.78%	80.67%
EBITDA	-163.05M	58.96M	37.86M	52.76M	56.33M	42.12M	34.44M	63.34M	-1.05B	-33.95M	5.75M	29.7M	39.57M	59.57M	73.81M	83.93M	87.14M	68.48M	63.46M	51.89M
EBITDA Margin %	-24.23%	10.13%	6%	8.35%	9.1%	6.87%	5.44%	9.66%	-162.68%	-6.27%	4.49%	8.71%	11.86%	16.65%	15.34%	16.46%	16.91%	14.67%	13.8%	12.37%
EBITDA Growth %	-389.47%	39.98%	9.91%	-16.72%	105.38%	224.09%	499.23%	113.27%	-2746.24%	-156.99%	-92.21%	-64.61%	-54.59%	-13.02%	16.3%	61.75%	69.08%	114.26%	112.02%	58.78%
D&A (Non-Cash Add-back)	38.26M	38.52M	40.72M	37.75M	36.81M	37.36M	37.66M	25.9M	48.64M	31.79M	13.75M	14.21M	13.24M	12.37M	12.39M	12.27M	11.6M	11.13M	11.48M	9.42M
EBIT	-202.31M	-81.99M	-11K	21.4M	8.21M	3.94M	80.05M	19.87M	-1.09B	-66.39M	-8M	11.69M	26.32M	47.2M	61.41M	71.67M	75.55M	57.35M	51.98M	42.48M
Net Interest Income	-43.72M	43.59M	-45.1M	-44.77M	-45.33M	-45.55M	-48.43M	-52.77M	-47.27M	-40.75M	-23.98M	-2.65M	-2.58M	-2.35M	-1.62M	-1.54M	-1.19M	-784K	-877K	-973K
Interest Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Expense	43.72M	-43.59M	45.1M	44.77M	45.33M	45.55M	48.43M	52.77M	47.27M	40.75M	23.98M	2.65M	2.58M	2.35M	1.62M	1.54M	1.19M	784K	877K	973K
Other Income/Expense	-42.72M	-58.85M	-42.24M	-38.38M	-56.63M	-46.37M	34.83M	-70.34M	-45.66M	-41.41M	-23.98M	-6.46M	-2.58M	-2.35M	-1.62M	-1.54M	-1.19M	-784K	-877K	-973K
Pretax Income	-244.03M	-38.41M	-45.11M	-23.37M	-37.11M	-41.6M	31.62M	-32.9M	-1.14B	-107.14M	-31.98M	9.03M	23.74M	44.84M	59.8M	70.12M	74.35M	56.57M	51.1M	41.5M
Pretax Margin %	-36.26%	-6.6%	-7.15%	-3.7%	-6%	-6.78%	5%	-5.02%	-177.33%	-19.78%	-24.98%	2.65%	7.12%	12.54%	12.43%	13.75%	14.43%	12.11%	11.11%	9.89%
Income Tax	-174K	1.79M	-8.7M	385K	-16.75M	19.59M	67M	1.3M	-174.94M	-18.35M	-9.18M	2.54M	6.61M	10.94M	16.86M	17.99M	18.92M	13.88M	12.9M	11M
Effective Tax Rate %	0.07%	-4.67%	19.28%	-1.65%	45.13%	-47.09%	211.88%	-3.96%	15.33%	17.13%	28.69%	28.13%	27.86%	24.39%	28.19%	25.65%	25.45%	24.54%	25.25%	26.5%
Net Income	-207.3M	-34.32M	-28.33M	-16.25M	-12.58M	-50.64M	-36.42M	-73.41M	-645.43M	-61.71M	101.74M	9.29M	19.95M	36.37M	42.94M	52.13M	55.43M	42.69M	40.47M	23.54M
Net Margin %	-30.8%	-5.9%	-4.49%	-2.57%	-2.03%	-8.26%	-5.75%	-11.19%	-100.27%	-11.39%	79.46%	2.72%	5.98%	10.17%	8.92%	10.22%	10.76%	9.14%	8.8%	5.61%
Net Income Growth %	-1547.46%	32.23%	22.22%	77.86%	98.05%	17.95%	-135.79%	-890.35%	-3335.09%	-269.69%	136.93%	-82.18%	-64.01%	-14.8%	6.12%	121.5%	80.69%	281.77%	1010.76%	41.38%
Net Income (Continuing)	-243.86M	-40.2M	-36.41M	-23.76M	-20.36M	-61.19M	-35.38M	-34.2M	-966.47M	-88.79M	-22.8M	6.49M	17.13M	33.9M	42.94M	52.13M	55.43M	42.69M	38.2M	30.5M
Discontinued Operations	-1000K	0	0	0	0	0	-374K	-1000K	-1000K	0	0	1000K	1000K	1000K	0	0	0	0	1000K	-1000K
Minority Interest	-7.24M	41.27M	48.32M	56.06M	64.45M	72.37M	84.14M	110.45M	80.45M	406.37M	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)	-6.38	-1.11	-0.91	-0.52	-0.41	-1.68	-1.24	-2.63	-24.08	-2.81	-2.10	0.36	0.76	1.37	1.60	1.94	2.05	1.58	1.48	0.86
EPS Growth %	-1456.1%	33.93%	26.61%	80.23%	98.3%	40.21%	40.95%	-830.56%	-3268.42%	-305.11%	-231.25%	-81.44%	-62.93%	-13.29%	8.11%	125.58%	84.68%	295%	970.59%	43.33%
EPS (Basic)	-6.38	-1.11	-0.91	-0.52	-0.41	-1.68	-1.24	-2.63	-24.08	-2.81	-2.10	0.36	0.76	1.37	1.61	1.95	2.06	1.58	1.49	0.86
Diluted Shares Outstanding	32.48M	30.97M	30.97M	30.97M	30.43M	30.19M	29.37M	27.94M	26.8M	26.26M	25.67M	25.77M	26.04M	26.48M	26.7M	26.9M	26.99M	27.1M	27.16M	27.14M
Basic Shares Outstanding	32.48M	30.97M	30.97M	30.97M	30.43M	30.19M	29.37M	27.94M	26.8M	26.26M	25.67M	25.7M	25.93M	26.35M	26.51M	26.77M	26.87M	26.95M	26.97M	27.03M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-	6.09%	66.73%	31.35%	17.45%	14.91%	12.4%	11.71%	15.23%	14.1%	24.24%