CrossAssetDataThe Company File
···
FWRD

Forward Air Corporation

Forward Air Corporation is classed by the SEC under Arrangement of Transportation of Freight & Cargo (industry code 4731), based in Dallas, TX. In its latest annual figures on file, for the fiscal year ended 2025-12-31, it reported revenue of $2.5 billion and a loss of $142 million (its filed statements).

Brokerage business Arrangement of Transportation of Freight & Cargo Dallas, TX filings since 1995 9 of 9 filed
Ask the desk about FWRD → Compare FWRD with HUBG → Price chart on TradingView ↗ Full EDGAR file ↗ Watch FWRD →

Sector peers: HUBGEXPDCHRWBCO

4.7/10headline grade
vs its business-model standard
4.3/10past 4.7/10present 5.1/10future

Three tenses, nine metrics. Unseen metrics stay unseen; the grade never fakes a number. Proxy era: provisional values, marked. Weighed as a brokerage business: prior from its industry code (SEC 4731, Arrangement of Transportation of Freight & Cargo); the filing read can change it. All three tenses have at least two readings, so the archetype blend applies as printed.

The grade, in three tenses

Headline 4.7 out of ten, 9 of 9 metrics filed: past 4.3 out of ten, present 4.7 out of ten, future 5.1 out of ten. The past asks what it actually did, the present what it is doing right now, the future what it is set up to do next.

The nine metrics

  • Surviving crises (past): 2.4 out of ten. 5 warning events since 2017; the latest 2025-03-27. 24th percentile among 17 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
  • Track record (past): 7.2 out of ten. +12.7% a year over 7 filed years; profitable in 5 of 7. 72nd percentile among 17 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
  • Shareholder treatment (past): 4.0 out of ten. Share count grew 4.5% a year. 68% of cash flow returned. Insiders: 0 sales, 0 purchases. 40th percentile among 11 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
  • Financial health (present): 2.5 out of ten. ROE -95%: lost 95¢ per shareholder dollar. Leverage 96%: owes 96¢ per asset dollar. 25th percentile among 17 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
  • Industry position (present): 7.2 out of ten. top 28% of 17 in its family; net margin -4.3%. 72nd percentile among 17 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
  • Leadership (present): 2.8 out of ten. bottom 28% of 7 in its family for leadership; chief executive since 2024. 28th percentile among 7 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-09).
  • Room to expand (future): 3.2 out of ten. bottom 32% of 17 in its family for room to expand. 32nd percentile among 17 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
  • Growth drivers (future): 7.2 out of ten. top 28% of 17 in its family for growth drivers. 72nd percentile among 17 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
  • Expectations vs reality (future): 4.8 out of ten. bottom 48% of 15 in its family for expectations against reality. 48th percentile among 15 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).

The filing record

Newest annual report: Form 10-K filed 2026-03-11 for the period ended 2025-12-31 (on EDGAR). Newest quarterly report: Form 10-Q filed 2026-08-05 for the period ended 2026-06-30 (on EDGAR). Newest results release: Form 8-K filed 2026-08-05 (on EDGAR). Newest filing: Form SCHEDULE 13G, 2026-08-13. Filings on record since 1995. Read from EDGAR 2026-10-12.

Where the revenue comes from

Lines of business in fiscal 2025: Omni Logistics 54%, Expedited Freight 37%, Intermodal 9%. By geography: United States 87%, Outside the United States 13%. As tagged in its annual report (Form 10-K, filed 2026-03-11).

Who runs it

Stewart, Shawn (Chief Executive Officer); Lorrain, Jerome Jean-Pierre (Executive Chairman); Lindsay, Justin (President, U.S. & Canada); Mendunekas, Fabio De Moraes (President, LATAM); Van, Altena Jonathan (President, Europe); Zhu, Yanqing (President, Asia Pacific); Pierson, Jamie G. (CFO); Khambatta, Karl (Chief Transformation Officer); Sons, Lance (Chief Information Officer); Brandt, Eric Frederick (Chief Commercial Officer); and 8 more. 18 officers and directors have filed their own trades in the last fifteen months, names and titles as filed with the SEC, through 2026-09-30.

This file: Overview · Past · Present · Future · Filings · every company on file

Every stock is a company. We grade the company behind the stock. CrossAssetData is a company research product: no investment advice, no price targets, no price predictions; every claim carries its source, and unseen means unseen. The full file draws when the page's script runs: the essentials, the balance sheet, the estimators, the trend, and every filing of the last ten years.