Company / Shareholders' Equity
Forward Air Corp. Shareholders' Equity History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Shareholders' Equity
$113.3M
FY2025
5-year range
$113.3M / $764.3M
FY2021-FY2025
Trend
-43.8%
vs FY2024
Sector context
#332 of 359
Industrials
What the data says
Among 359 Industrials companies, Forward Air Corp. is in the bottom 8% for shareholders' equity. Shareholders' Equity has fluctuated over the past 10 years, ranging from $113M in FY2025 to $764M in FY2023.
Based on SEC 10-K filings.
$113M in FY2025 with a 5-year CAGR of -27.0%.
Declined from $764M to $113M over the past 2 years.
Industrials sector context is included.
Shareholders' Equity over time
Growth rates
- 3-Year CAGR
- -40.8%
- 5-Year CAGR
- -27.0%
- 10-Year CAGR
- -
Sector benchmark
Bottom 8% in IndustrialsTop 92% of 359This company $113.3M Sector average $3.2B
▼
-96.5% below sector average
Key checks
Key Insights
- 5-year CAGR of -27.0%, indicating a declining trend.
- In FY2025, shareholders' equity decreased 43.8% year-over-year.
- Ranks #332 out of 359 companies in the Industrials sector.
- Peak shareholders' equity was recorded in FY2023.
Company context
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.
Annual data
| Year | Shareholders' EquityValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $113.3M | -43.8% |
| FY2024 | $201.7M | -73.6% |
| FY2023 | $764.3M | +39.6% |
| FY2022 | $547.3M | -7.8% |
| FY2021 | $593.7M | +8.5% |
| FY2020 | $547.3M | -5.2% |
| FY2019 | $577.2M | +4.3% |
| FY2018 | $553.2M | +3.9% |
| FY2017 | $532.7M | +6.9% |
| FY2016 | $498.3M | -2.2% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026