Company / Return on Equity (ROE)
Forward Air Corp. Return on Equity (ROE) History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Return on Equity (ROE)
-95.1%
FY2025
5-year range
-405.0% / 21.9%
FY2021-FY2025
Trend
+76.5%
vs FY2024
Sector context
#326 of 332
Industrials
What the data says
Forward Air Corp. reports negative total equity of -95.1% in FY2025. Negative equity can occur when accumulated losses exceed contributed capital, as reported in the balance sheet from the SEC filing.
Based on SEC 10-K filings.
-95.1% in FY2025 with a 5-year CAGR of -99.4%.
Declined from 21.9% to -95.1% over the past 2 years.
Industrials sector context is included.
Return on Equity (ROE) over time
Growth rates
- 3-Year Change
- -99.4pp
- 5-Year Change
- -99.4pp
- 10-Year Change
- -
Sector benchmark
Bottom 2% in IndustrialsTop 98% of 332This company -95.1% Sector average 9.7%
▼
-1078.1% below sector average
Key checks
Key Insights
- In FY2025, return on equity (roe) increased 76.5% year-over-year.
- Currently 104.8pp below the Industrials sector average.
- Peak return on equity (roe) was recorded in FY2023.
- Lowest return on equity (roe) 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 | Return on Equity (ROE)Value | YoY GrowthYoY |
|---|---|---|
| FY2025 | -95.1% | +76.5% |
| FY2024 | -405.0% | -1949.3% |
| FY2023 | 21.9% | +404.6% |
| FY2022 | 4.3% | -75.7% |
| FY2021 | 17.8% | +310.8% |
| FY2020 | 4.3% | -71.2% |
| FY2019 | 15.1% | -9.3% |
| FY2018 | 16.6% | +1.6% |
| FY2017 | 16.4% | +196.7% |
| FY2016 | 5.5% | -49.4% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026