Forward Air Corporation (FWRD)

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The chart shows the growth of an initial investment of $10,000 in Forward Air Corporation, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Forward Air Corporation (FWRD) has returned -33.16% so far this year and -16.82% over the past 12 months. Over the last ten years, FWRD has returned -8.70% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.

Based on dividend-adjusted daily data since Nov 16, 1993, FWRD's average daily return is +0.07%, while the average monthly return is +1.29%. At this rate, your investment would double in approximately 4.5 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 Aug 2023 at -40.2%. 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 Apr 3, 2025 at -27.9%.

Forward Air Corporation has an annualized alpha of 8.65%, 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 123.77% of S&P 500 Index downside but only 120.52% 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.

FWRD ranks 31 for risk / return — below 31% of stocks on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.

The table below present risk-adjusted performance metrics for Forward Air Corporation (FWRD) and compare them to a chosen benchmark (S&P 500 Index).

Forward Air Corporation provided a 0.00% dividend yield over the last twelve months, with an annual payout of $0.00 per share.

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.

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.

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 91.39%, occurring on Apr 8, 2025. The portfolio has not yet recovered.

The current Forward Air Corporation drawdown is 86.30%.

The chart below shows the rolling one-month volatility.

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.

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.