Forward Air Corp. Income Statement
FWRD / Industrials|15 years of annual SEC 10-K data (FY2011-FY2025)
Line items include revenue, cost of goods sold, gross profit, operating expenses, interest, taxes, and net income with per-share data across 15 fiscal years. All figures from audited SEC 10-K filings.
Forward Air Corp. reported $2.5B in revenue and $108M in net loss for FY2025. Revenue has grown at a 11.6% compound annual rate over the past 14 years.
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.5B | $2.5B | $1.4B | $1.7B | $1.4B | $1.3B | $1.2B | $1.1B | $1.2B | $1.0B | $959.1M | $781.0M | $652.5M | $584.4M | $536.4M |
| Cost of Revenue | - | - | - | - | - | $650.7M | $586.1M | $564.3M | $545.1M | $460.8M | - | - | - | - | - |
| Operating Income | $36.4M | -$1.1B | $88.2M | $247.6M | $147.0M | $73.9M | $112.4M | $117.2M | $108.8M | $59.7M | $81.8M | $96.4M | $84.4M | $83.5M | $77.1M |
| Interest Expense | - | - | $31.6M | $5.1M | $4.3M | -$4.6M | $2.7M | $1.8M | $1.2M | $1.6M | $2.0M | $610.0K | $532.0K | $391.0K | $619.0K |
| Income Tax | -$5.5M | -$125.0M | $13.8M | $63.0M | $35.8M | $16.6M | $27.4M | $26.9M | $20.3M | $30.6M | $24.1M | $34.9M | $29.5M | $30.5M | $29.4M |
| Net Income | -$107.8M | -$817.0M | $167.4M | $193.2M | $105.9M | $23.7M | $87.1M | $92.1M | $87.3M | $27.5M | $55.6M | $61.2M | $54.5M | $52.7M | $47.2M |
| EPS (Basic) | $6.42 | $7.17 | $6.42 | $7.17 | $3.87 | $0.84 | $2.90 | $0.90 | $2.90 | $1.99 | $1.81 | $1.82 | $1.81 | $1.82 | $0.34 |
| EPS (Diluted) | $6.40 | $7.14 | $6.40 | $7.14 | $3.85 | $0.84 | $2.89 | $0.90 | $2.89 | $1.96 | $1.77 | $1.78 | $1.77 | $1.78 | $0.34 |
| Shares Outstanding | 29.8M | 25.7M | 25.7M | 26.5M | 27.0M | 27.3M | 28.5M | 29.5M | 29.5M | 30.5M | 30.3M | 30.5M | 30.5M | 29.2M | 29.0M |
| Operating Margin | 1.5% | -43.0% | 6.4% | 14.7% | 10.6% | 5.8% | 9.3% | 10.3% | 9.3% | 5.8% | 8.5% | 12.3% | 12.9% | 14.3% | 14.4% |
| Profit Margin | -4.3% | -33.0% | 12.2% | 11.5% | 7.6% | 1.9% | 7.2% | 8.1% | 7.5% | 2.7% | 5.8% | 7.8% | 8.3% | 9.0% | 8.8% |