Company / Revenue
Forward Air Corp. Revenue History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Revenue
$2.5B
FY2025
5-year range
$1.3B / $2.5B
FY2021-FY2025
Trend
+0.8%
vs FY2024
Sector context
#189 of 334
Industrials
What the data says
At $2.5B, Forward Air Corp.'s revenue ranks #189 of 334 in the Industrials sector. Revenue has increased for 3 consecutive years, from $1.3B in FY2022 to $2.5B in FY2025.
Based on SEC 10-K filings.
$2.5B in FY2025 with a 5-year CAGR of +14.5%.
Improved from $1.4B to $2.5B over the past 2 years.
Industrials sector context is included.
Revenue over time
Growth rates
- 3-Year CAGR
- +25.3%
- 5-Year CAGR
- +14.5%
- 10-Year CAGR
- -
Sector benchmark
#189 of 334 in IndustrialsTop 57% of 334This company $2.5B Sector average $7.6B
▼
-67.0% below sector average
Key checks
Key Insights
- Forward Air Corp.'s revenue has grown for 3 consecutive years.
- 5-year CAGR of +14.5%, indicating consistent growth.
- In FY2025, revenue increased 0.8% year-over-year.
- Ranks #189 out of 334 companies in the Industrials sector.
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 | RevenueValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $2.5B | +0.8% |
| FY2024 | $2.5B | +80.5% |
| FY2023 | $1.4B | +8.0% |
| FY2022 | $1.3B | -8.5% |
| FY2021 | $1.4B | +9.3% |
| FY2020 | $1.3B | +4.5% |
| FY2019 | $1.2B | +6.8% |
| FY2018 | $1.1B | -2.7% |
| FY2017 | $1.2B | +13.5% |
| FY2016 | $1.0B | +7.4% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026