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FWRD

Forward Air·NASDAQ
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FWRD fundamentals

Forward Air (FWRD) released its earnings on Nov 5, 2025: revenue was 631.76M (YoY -3.69%), missed estimates; EPS was -0.52 (YoY +60.61%), missed estimates.
Revenue / YoY
631.76M
-3.69%
EPS / YoY
-0.52
+60.61%
Report date
Nov 5, 2025
FWRD Earnings Call Summary for Q3,2025
  • Strategic Review Ongoing: Multiple parties engaged; Board evaluating all options to maximize value.
  • Q3 EBITDA $78M: Stable performance amid freight recession, up 12% YoY in LTM basis.
  • Cost Savings $12M/yr: Rightsizing and tech upgrades driving cash flow improvement (+$113M YoY).
  • Expedited Margin Up 500bps: Pricing and efficiency gains offset volume decline.
  • TL Booming: High-tech freight driving TL growth; LTL recovery contingent on Cass Index >$1.50/mile.
  • Omni Segment Strength: 22% YoY EBITDA growth, margin expansion to 9.6%.
  • Liquidity at $413M: Strong cash position supports covenant compliance.
EPS
Revenue

Revenue & Expenses

FWRD has released its 2025 Q3 earnings report, with revenue of 631.76M, reflecting a YoY change of -3.69%, and net profit of -23.76M, showing a YoY change of 32.77%. The Sankey diagram below clearly presents FWRD's revenue sources and cost distribution.

Key Indicators

Forward Air (FWRD) key financial stats and ratios, covering profitability, financial health, and leverage.
Forward Air (FWRD)'s revenue and profit trends over recent years, visualized with a waterfall chart to showcase the revenue-to-profit funnel.
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Forward Air (FWRD)'s asset and liability trends over recent years, visualized with a waterfall chart to illustrate changes in its asset-liability structure.
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Forward Air (FWRD)'s cash flow trends over recent years, visualized with a waterfall chart to illustrate changes in its operating, investing, and financing cash flows.
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Where does Forward Air (FWRD) generate its revenue? Explore its key revenue streams and top earning regions.
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Track Forward Air (FWRD) Dividend Yield, Payout Ratio & Sustainability Through Its Dividend History
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Dividend Yield