Company / Net Income
Forward Air Corp. Net Income History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Net Income
-$107.8M
FY2025
5-year range
-$817.0M / $167.4M
FY2021-FY2025
Trend
+86.8%
vs FY2024
Sector context
#330 of 360
Industrials
What the data says
Among 360 Industrials companies, Forward Air Corp. is in the bottom 8% for net income. Net Income has fluctuated over the past 10 years, ranging from -$817M in FY2024 to $167M in FY2023.
Based on SEC 10-K filings.
-$108M in FY2025.
Declined from $167M to -$108M over the past 2 years.
Industrials sector context is included.
Net Income over time
Growth rates
- 3-Year CAGR
- -
- 5-Year CAGR
- -
- 10-Year CAGR
- -
Sector benchmark
Bottom 8% in IndustrialsTop 92% of 360This company -$107.8M Sector average $539.8M
▼
-120.0% below sector average
Key checks
Key Insights
- In FY2025, net income increased 86.8% year-over-year.
- Ranks #330 out of 360 companies in the Industrials sector.
- Peak net income was recorded in FY2023.
- Lowest net income in the period was in FY2024.
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 | Net IncomeValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | -$107.8M | +86.8% |
| FY2024 | -$817.0M | -588.2% |
| FY2023 | $167.4M | +605.1% |
| FY2022 | $23.7M | -77.6% |
| FY2021 | $105.9M | +346.0% |
| FY2020 | $23.7M | -72.8% |
| FY2019 | $87.1M | -5.4% |
| FY2018 | $92.1M | +5.5% |
| FY2017 | $87.3M | +217.2% |
| FY2016 | $27.5M | -50.5% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026