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Metrics as of 10/17/2026, 01:12 AM (Berlin time), refresh in progress.

Forward Air Stock

Forward Air Corporation

FWRDNASDAQMarkt
US$15.04
-5.1% today

Company data

Sector
Industrials
Industry
Integrated Freight & Logistics
Country
United States
CEO
Shawn Stewart
Employees
6,062
Market cap
$508 M
IPO
16/11/1993

Forward Air Corporation, including its various subsidiaries, functions as a streamlined transportation and logistics enterprise throughout the United States and Canada, operating with an asset-light model. The company's business is structured into two principal divisions: Expedited Freight and Intermodal. The…

Forward Air stock: price history

16/10/25-27.8 %16/10/26

1D

-5.1%

1W

-3.8%

1M

-2.9%

6M

-32.2%

YTD

-39.8%

1Y

-27.8%

2Y

-60.2%

5Y

-82.5%

10Y

-64.5%

Next earnings date

Next earnings date

09/11/2026 (in 23 days)

Volatility around earnings

~175% stronger price swings than usual

Pattern chart

Pattern detected by the Market Jury detector vdouble-bottom-top-v1.0 on 13/10/26. Not a buy or sell signal.Beta

What does this mean?

Double top

Bearish

The price failed at a similar high twice, with a pullback in between. This M-shaped pattern is a classic reversal signal from an uptrend into a downtrend.

Chart patterns are a purely technical signal derived from price action. At Market Jury they do not feed into the agents' buy or sell decisions, they are supplementary information only.

Forward Air stock scores

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Deterministically calculated from financial metrics, not investment advice. Updated nightly, last on 02/10/2026.

Business model & megatrends

Business model

Average business model without a clear megatrend link or with mixed signals.

Why this value? Details with Pro only.

2 more assignments (Enabler/Second row) Pro-only.

Forward Air Corporation is a specialized logistics service provider with operational activities in the United States and Canada. The company employs an asset-light model to enhance flexibility. The business is divided into two segments: Expedited Freight and Intermodal. The Expedited Freight segment offers a portfolio of time-critical freight services including less-than-truckload and full truckload transportation, as well as specialized solutions for temperature-sensitive and security-relevant cargo, encompassing warehousing and customs clearance. The Intermodal segment primarily focuses on drayage services in the intermodal sector and various contract warehousing concepts. The company serves a broad customer base from the logistics and transportation sector, including freight forwarders, third-party logistics providers, airlines, shipping lines, and retailers.

Revenue model
Transactional
Recurring revenue
None
Pricing power
Weak
Moat
Narrow
Moat type
Network effects
Capital intensity
Low
Customer concentration
Low

Ask the agents about Forward Air

Analyst assessment of Forward Air

PRICE TARGET LOW

US$24.00

CONSENSUS

US$24.50

MEDIAN

US$24.50

PRICE TARGET HIGH

US$25.00

0

STRONG BUY

7

BUY

11

HOLD

3

SELL

0

STRONG SELL

21

TOTAL · Hold

As of: 08/10/2026

ANALYST FIRMRATINGACTIONDATE
StifelBuymaintain08/10/2026
SusquehannaPositivemaintain02/10/2026
SusquehannaPositivemaintain13/08/2026
StifelBuymaintain06/08/2026
SusquehannaPositivemaintain08/05/2026
StifelBuymaintain16/04/2026
StifelBuymaintain21/01/2026
SusquehannaPositivemaintain05/01/2026

Forward Air stock metrics

P/E

-1.69

P/B

-4.23

EV/EBITDA

-23.02

RETURN ON EQUITY

179.6%

NET MARGIN

-30.8%

DEBT/EQUITY

-18.28

DIVIDEND YIELD

0.0%

AS OF

30/06/2026

Free float & liquidity

FREE FLOAT

80.8%

FLOAT SHARES

27,309,800

AVG. DAILY VOLUME (30D)

467,392

Insider transactions (SEC)

ROLETRANSACTIONSHARESPRICEPLAN TYPEDATE

Gorjanc Christine Marie

DirectorGrant9,545–Spontaneous22/06/2026

Boyles Dale W

DirectorGrant9,545–Spontaneous22/06/2026

Svindland Paul C.

DirectorGrant9,545–Spontaneous22/06/2026

Stewart Shawn

OfficerTax settlement4,13621.51Spontaneous01/05/2026

Attention

1 mention today in US forums, about the same as yesterdayPrice since yesterday: -5.1%

Search (Google Trends)

25/0730/0704/08

Forums (Reddit)

06/0908/0913/10

Institutional holders

FUND / INSTITUTIONSHARESCHANGEAS OF
INDEPENDENT FINANCIAL GROUP, LLC35,035+030/09/2026
GAMMA Investing LLC1,598+18630/09/2026
Farther Finance Advisors, LLC398-3830/09/2026
MASSMUTUAL TRUST CO FSB/ADV328+23530/09/2026
Versant Capital Management, Inc232+030/09/2026
Page 1 / 3

Dividends & Stock splits

Dividends

EX-DATEPAY DATEAMOUNTYIELD
21/11/202307/12/2023US$0.241.5 %
16/08/202307/09/2023US$0.241.5 %
24/05/202313/06/2023US$0.241 %
01/03/202317/03/2023US$0.240.9 %
22/11/202208/12/2022US$0.240.9 %
Page 1 / 8

Stock splits

DATERATIO
04/04/20053:2
31/01/20003:2
22/03/19992:1

Comparable stocks

Frequently asked questions about Forward Air stock

What does Forward Air do?

Forward Air Corporation is a company in the Industrials sector, Integrated Freight & Logistics industry, headquartered in United States.

The CEO is Shawn Stewart, the company employs around 6,062 people.

The IPO was on 16/11/1993; the stock trades on NASDAQ under the ticker FWRD.

What do analysts say about Forward Air stock?

21 analysts rate the stock, the consensus is Hold (as of 08/10/2026).

The average price target is US$24.50, ranging from US$24.00 to US$25.00, with a median of US$24.50.

This is an external assessment, not a statement by Market Jury.

When does Forward Air report next?

The next earnings date is 09/11/2026.

Around past earnings, price swings were roughly 175% stronger than usual.

Does Forward Air pay a dividend?

Yes. The last dividend was US$0.24 per share, ex-date 21/11/2023, paid on 07/12/2023.

The dividend yield is 0.0% (as of 30/06/2026).

Which stocks are comparable to Forward Air?

Comparable stocks include United Parcel Service, FedEx, Expeditors International of Washington, J.B. Hunt Transport Services, FedEx Freight Holding Company, C.H. Robinson Worldwide, Landstar System and Pitney Bowes.

How can I get Forward Air stock analyzed?

Clicking "Analyze stock" lets five strategies assess Forward Air against fixed, published rules and judge it bullish, neutral or bearish. The jury states where it disagrees. A free account starts with 5 credits, a quick check costs 1 credit, a full analysis 2 credits.

Not investment advice. Past performance is not an indicator of future results.