- ISIN
- US3498531017
- CUSIP
- 349853101
- Sector
- Industrials
- Industry
- Integrated Freight & Logistics
- IPO Date
- Nov 16, 1993
Highlights
- EPS (TTM)
- -$3.96
- Total Revenue (TTM)
- $2.46B
- Gross Profit (TTM)
- $568.61M
- EBITDA (TTM)
- $107.29M
- Year Range
- $7.86 - $32.47
- Target Price
- $37.00
- ROA (TTM)
- -3.39%
- ROE (TTM)
- -112.93%
Share Price Chart
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Performance
FWRD Performance Chart
Forward Air Corporation (FWRD) is down 61.3% since the beginning of the year. At $10 per share, FWRD is trading 70.2% below its 52-week high of $32. Investors who bought $1,000 worth of FWRD shares 5 years ago would now be looking at an investment worth $105.
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Returns By Period
Forward Air Corporation (FWRD) has returned -61.32% so far this year and -46.25% over the past 12 months. Over the last ten years, FWRD has returned -13.56% per year, falling short of the S&P 500 Index benchmark, which averaged 13.66% annually.
Forward Air Corporation
- 1D
- -5.20%
- 1M
- -40.38%
- YTD
- -61.32%
- 6M
- -61.63%
- 1Y
- -46.25%
- 3Y*
- -54.22%
- 5Y*
- -36.25%
- 10Y*
- -13.56%
Benchmark (S&P 500 Index)
- 1D
- -0.74%
- 1M
- 4.90%
- YTD
- 10.35%
- 6M
- 10.28%
- 1Y
- 26.52%
- 3Y*
- 20.83%
- 5Y*
- 12.30%
- 10Y*
- 13.66%
FWRD Monthly Returns History
Based on dividend-adjusted daily data since Nov 16, 1993, FWRD's average daily return is +0.07%, while the average monthly return is +1.20%. At this rate, an investment would double in approximately 4.8 years.
Historically, 55% of months were positive and 45% were negative. The best month was Apr 1999 with a return of +69.5%, while the worst month was May 2026 at -49.8%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 10 months.
On a daily basis, FWRD closed higher 49% of trading days. The best single day was Sep 24, 1998 with a return of +35.8%, while the worst single day was May 8, 2026 at -43.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 11.52% | -9.29% | -33.93% | 26.03% | -49.76% | -8.60% | -61.32% | ||||||
| 2025 | 0.00% | -30.33% | -10.59% | -26.73% | 13.99% | 46.25% | 23.84% | -1.18% | -14.62% | -26.64% | 22.12% | 8.84% | -22.48% |
| 2024 | -29.49% | -16.24% | -16.21% | -29.22% | -23.71% | 13.33% | 33.19% | 25.28% | 11.43% | -0.20% | 3.85% | -12.10% | -48.70% |
| 2023 | 2.82% | -4.30% | 4.65% | -2.09% | -7.58% | 9.09% | 12.00% | -40.19% | -2.94% | -6.30% | -1.00% | -1.04% | -39.34% |
| 2022 | -12.21% | -2.94% | -5.01% | -0.83% | -3.65% | -1.32% | 14.10% | -7.32% | -6.99% | 17.29% | 6.37% | -6.66% | -12.56% |
| 2021 | -6.70% | 19.94% | 3.79% | -0.59% | 9.99% | -7.37% | -1.46% | -0.06% | -5.84% | 21.13% | -1.60% | 22.62% | 59.42% |
Benchmark Metrics
Forward Air Corporation has an annualized alpha of 6.97%, beta of 1.01, and R2 of 0.15 versus S&P 500 Index. Calculated based on daily prices since November 17, 1993.
- This stock participated in 124.90% of S&P 500 Index downside but only 110.72% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.15 means this stock moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 6.97%
- Beta
- 1.01
- R²
- 0.15
- Upside Capture
- 110.72%
- Downside Capture
- 124.90%
Return for Risk
Risk / Return Rank
FWRD ranks 17 for risk / return — in the bottom 17% of stocks on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Forward Air Corporation (FWRD) and compare them to S&P 500 Index.
| FWRD | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.82 | ||
| Sortino ratioReturn per unit of downside risk | -3.48 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.41 | -0.47 |
| Calmar ratioReturn relative to maximum drawdown | -0.62 | 2.93 | -3.55 |
| Martin ratioReturn relative to average drawdown | -1.47 | 13.52 | -15.00 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Forward Air Corporation provided a 0.00% dividend yield over the last twelve months, with an annual payout of $0.00 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.00 | $0.00 | $0.00 | $0.96 | $0.96 | $1.05 | $0.75 | $0.72 | $0.63 | $0.60 | $0.51 | $0.48 |
Dividend yield | 0.00% | 0.00% | 0.00% | 1.53% | 0.92% | 0.87% | 0.98% | 1.03% | 1.15% | 1.04% | 1.08% | 1.12% |
Monthly Dividends
The table displays the monthly dividend distributions for Forward Air Corporation. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2023 | $0.00 | $0.00 | $0.24 | $0.00 | $0.24 | $0.00 | $0.00 | $0.24 | $0.00 | $0.00 | $0.24 | $0.00 | $0.96 |
| 2022 | $0.00 | $0.00 | $0.24 | $0.00 | $0.24 | $0.00 | $0.00 | $0.24 | $0.00 | $0.00 | $0.24 | $0.00 | $0.96 |
| 2021 | $0.00 | $0.21 | $0.21 | $0.00 | $0.21 | $0.00 | $0.00 | $0.21 | $0.00 | $0.00 | $0.21 | $0.00 | $1.05 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Forward Air Corporation. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Forward Air Corporation was 93.19%, occurring on May 19, 2026. The portfolio has not yet recovered.
The current Forward Air Corporation drawdown is 92.07%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 bear market2026 | -93.19%May 2026 | 4y 4mo | — | 4y 5moJan 2022 - now |
1996 bear market1996 | -67.84%Oct 1996 | 2y 7mo | 11mo 24d | 3y 7moMar 1994 - Oct 1997 |
Financial crisis2007–2009 | -66.96%Mar 2009 | 2y 8mo | 4y 4mo | 7y 4dJul 2006 - Jul 2013 |
Dot-com crash2000–2002 | -65.25%Oct 2002 | 2y 2mo | 2y 9mo | 4y 11moAug 2000 - Jul 2005 |
1998 bear market1998 | -56.94%Sep 1998 | 4mo 28d | 4mo 20d | 9mo 18dApr 1998 - Jan 1999 |
Drawdown Indicators
| FWRD | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.19% | -56.78% | -36.41% |
Max Drawdown (1Y)Largest decline over 1 year | -74.25% | -9.10% | -65.15% |
Max Drawdown (3Y)Largest decline over 3 years | -93.02% | -18.90% | -74.12% |
Max Drawdown (5Y)Largest decline over 5 years | -93.19% | -25.43% | -67.76% |
Max Drawdown (10Y)Largest decline over 10 years | -93.19% | -33.92% | -59.27% |
Current DrawdownCurrent decline from peak | -92.07% | -0.74% | -91.33% |
Average DrawdownAverage peak-to-trough decline | -26.82% | -10.72% | -16.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 31.40% | 1.97% | +29.43% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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Financials
Financial Performance
The chart below illustrates the trends in the financial health of Forward Air Corporation over time, highlighting three key metrics: Total Revenue, Earnings Before Interest and Taxes (EBIT), and Net Income.
Valuation
The Valuation section provides an overview of how Forward Air Corporation is priced in the market compared to other companies in the Integrated Freight & Logistics industry. It includes key financial ratios that help investors assess whether the stock is undervalued or overvalued.
PS Ratio
This chart shows the Price-to-Sales (P/S) ratio for FWRD relative to other companies in the Integrated Freight & Logistics industry. Currently, FWRD has a P/S ratio of 0.1. This P/S ratio is low compared to the industry average. It may indicate that the stock is undervalued relative to its revenue, or that the market expects slower growth or lower margins.
Income Statement
| TTM | |
|---|---|
Revenue | — |
Total Revenue | — |
Cost Of Revenue | — |
Gross Profit | — |
Operating Expenses | — |
Selling, General & Admin Expenses | — |
R&D Expenses | — |
Depreciation And Amortization | — |
Total Operating Expenses | — |
Income | — |
Income Before Tax | — |
Operating Income | — |
EBITDA | — |
EBIT | — |
Earnings From Continuing Operations | — |
Net Income | — |
Income Tax Expense | — |
Other Non-Operating Income (Expenses) | — |
Extraordinary Items | — |
Discontinued Operations | — |
Effect Of Accounting Charges | — |
Non Recurring | — |
Minority Interest | — |
Other Items | — |
Interest Income | — |
Interest Expense | — |
Net Interest Income | — |
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