Forward Air Corp. Balance Sheet
FWRD / Industrials|15 years of annual SEC 10-K data (FY2011-FY2025)
Shows total assets, cash and equivalents, receivables, property and equipment, total debt, and shareholders' equity across 15 fiscal years. All figures from audited SEC 10-K filings.
Forward Air Corp. had $2.7B in total assets and $113M in shareholders' equity as of FY2025. Total debt was $1.7B against $106M in cash, resulting in $1.6B net debt.
Based on SEC 10-K filings.
Key Data Points
- Altman Z-Score 0.86 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
| Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $106.0M | $104.9M | $122.0M | $45.8M | $37.3M | $40.3M | $64.7M | $25.7M | $3.9M | $8.5M | $33.3M | $41.4M | $127.4M | $112.2M | $58.8M |
| Accounts Receivable | $343.6M | $322.3M | $153.3M | $221.0M | $208.1M | $156.5M | $136.2M | $156.4M | $143.0M | $116.6M | $109.2M | $95.3M | $76.5M | $75.3M | $70.9M |
| Inventory | - | - | - | - | - | - | $2.1M | $2.2M | $1.4M | $1.3M | $1.3M | $1.1M | $1.1M | $901.0K | $881.0K |
| Current Assets | $521.0M | $472.5M | $347.0M | $304.3M | $282.8M | $245.9M | $236.3M | $201.1M | $162.7M | $136.3M | $173.5M | $147.5M | $220.4M | $198.4M | $139.7M |
| PP&E (Net) | - | - | $258.1M | $249.1M | $219.1M | $189.9M | $192.8M | $209.9M | $206.1M | $200.2M | $187.3M | $172.5M | $154.8M | $133.6M | $129.9M |
| Goodwill | $522.7M | $522.7M | $278.7M | $258.0M | $266.8M | $245.0M | $215.7M | $193.7M | $191.7M | $184.7M | $205.6M | $144.4M | $88.5M | $43.3M | $43.3M |
| Total Assets | $2.7B | $2.8B | $3.0B | $1.2B | $1.1B | $1.0B | $990.9M | $760.2M | $692.6M | $644.0M | $699.9M | $539.3M | $506.3M | $399.2M | $341.2M |
| Current Liabilities | $428.3M | $384.0M | $237.1M | $169.4M | $164.7M | $171.6M | $137.2M | $74.7M | $60.1M | $77.9M | $109.0M | $43.4M | $34.6M | $27.9M | $33.9M |
| Total Debt | $1.7B | $1.7B | $0 | $108.1M | $157.0M | $112.4M | $67.3M | $47.3M | $40.2M | $0 | $27.5M | $0 | - | - | $0 |
| Shareholders' Equity | $113.3M | $201.7M | $764.3M | $707.2M | $593.7M | $547.3M | $577.2M | $553.2M | $532.7M | $498.3M | $509.5M | $463.6M | $435.9M | $351.7M | $286.9M |