Company / Profit Margin
Forward Air Corp. Profit Margin History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Profit Margin
-4.3%
FY2025
5-year range
-33.0% / 12.2%
FY2021-FY2025
Trend
+86.9%
vs FY2024
Sector context
#288 of 333
Industrials
What the data says
Forward Air Corp.'s profit margin of -4.3% is lower than 86% of companies in the Industrials sector (FY2025). Profit Margin has fluctuated over the past 10 years, ranging from -33.0% in FY2024 to 12.2% in FY2023.
Based on SEC 10-K filings.
-4.3% in FY2025 with a 5-year CAGR of -6.2%.
Declined from 12.2% to -4.3% over the past 2 years.
Industrials sector context is included.
Profit Margin over time
Growth rates
- 3-Year Change
- -6.2pp
- 5-Year Change
- -6.2pp
- 10-Year Change
- -
Sector benchmark
Bottom 14% in IndustrialsTop 86% of 333This company -4.3% Sector average -673.5%
▼
+99.4% above sector average
Key checks
Key Insights
- In FY2025, profit margin increased 86.9% year-over-year.
- Currently 669.1pp above the Industrials sector average.
- Peak profit margin was recorded in FY2023.
- Lowest profit margin 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 | Profit MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | -4.3% | +86.9% |
| FY2024 | -33.0% | -370.4% |
| FY2023 | 12.2% | +552.9% |
| FY2022 | 1.9% | -75.5% |
| FY2021 | 7.6% | +308.0% |
| FY2020 | 1.9% | -73.9% |
| FY2019 | 7.2% | -11.4% |
| FY2018 | 8.1% | +8.4% |
| FY2017 | 7.5% | +179.4% |
| FY2016 | 2.7% | -53.9% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026