FWRD
Forward Air·NASDAQ
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FWRD fundamentals
Forward Air (FWRD) released its earnings on Feb 23, 2026: revenue was 631.23M (YoY -0.26%), beat estimates; EPS was -0.91 (YoY +26.02%), missed estimates.
Revenue / YoY
631.23M
-0.26%
EPS / YoY
-0.91
+26.02%
Report date
Feb 23, 2026
FWRD Earnings Call Summary for Q4,2025
- EBITDA Growth: Full-year EBITDA of $307 million, up 12% from 2024, driven by cost rationalization and operational efficiency.
- Segment Strength: Expedited Freight margin improved 110 bps to 10.9%, Omni Logistics EBITDA doubled to $124 million, and Intermodal maintained stability.
- Leverage and Recovery Readiness: Domestic network operating leverage allows incremental shipments to drive margin gains, with $367 million in liquidity for market recovery.
- Strategic Initiatives: One Ground Network, ERP/HRIS consolidation, and global leadership expansion position the company for long-term growth.
- Customer Focus: Contract logistics (15% of revenue) and high-tech/data center exposure drive growth, with EBITDA margin improving 360 bps to 9.2%.
EPS
Actual | 0.3 | 0.33 | 0.67 | 0.55 | 0.6 | 1.11 | 1.14 | 1.4 | 1.57 | 2.04 | 1.93 | 1.65 | 1.37 | 0.91 | 0.99 | 0.81 | -0.64 | -23.29 | -2.62 | -1.23 | -0.35 | -0.0328 | -0.52 | -0.91 | ||||||||||
Forecast | 0.4067 | 0.0833 | 0.43 | 0.7233 | 0.5733 | 0.9733 | 1.0733 | 1.3071 | 1.33 | 1.8088 | 1.9033 | 1.9411 | 1.2992 | 1.2715 | 1.1175 | 0.9806 | 0.0157 | -0.1833 | -0.17 | -0.178 | -0.5483 | -0.26 | -0.165 | -0.2617 | ||||||||||
Surprise | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -26.24% | +296.16% | +55.81% | -23.96% | +4.66% | +14.05% | +6.21% | +7.11% | +18.05% | +12.78% | +1.40% | -15.00% | +5.45% | -28.43% | -11.41% | -17.40% | -4176.43% | -12605.95% | -1441.18% | -591.01% | +36.17% | +87.38% | -215.15% | -247.73% |
Revenue
Actual | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 342.50M | 281.70M | 332.00M | 350.30M | 362.20M | 420.70M | 419.60M | 459.91M | 467.00M | 515.20M | 510.00M | 481.20M | 427.07M | 402.18M | 413.45M | 338.43M | 541.81M | 643.67M | 655.94M | 632.85M | 613.28M | 618.84M | 631.76M | 631.23M |
Forecast | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 344.24M | 268.48M | 323.00M | 344.12M | 341.94M | 391.50M | 425.95M | 443.31M | 455.15M | 506.85M | 504.25M | 505.70M | 459.92M | 452.65M | 420.04M | 406.96M | 514.95M | 642.92M | 655.70M | 667.39M | 617.17M | 627.98M | 642.95M | 629.60M |
Surprise | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -0.51% | +4.92% | +2.79% | +1.80% | +5.93% | +7.46% | -1.49% | +3.74% | +2.60% | +1.65% | +1.14% | -4.84% | -7.14% | -11.15% | -1.57% | -16.84% | +5.22% | +0.12% | +0.04% | -5.18% | -0.63% | -1.46% | -1.74% | +0.26% |
Earnings Call
You can ask Aime
Did Forward Air beat or miss consensus estimates last quarter?What factors drove the changes in Forward Air's revenue and profit?What is Forward Air's gross profit margin?What were the key takeaways from Forward Air's earnings call?What were the key takeaways from Forward Air’s earnings call?What does Forward Air do and what are its main business segments?What is the market's earnings forecast for Forward Air next quarter?What guidance did Forward Air's management provide for the next earnings period?
