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Forward Air Corporation (FWRD) Stock Grade

FWRD · Industrials

C+
Grade updated: July 18, 2026
Computed by the GradeMyInvestments scoring model from revenue growth, profitability, balance-sheet strength, and analyst targets.
Market Cap
$774.3M
P/E Ratio
Revenue Growth (YoY)
+0.8%
Net Margin
-4.3%
Return on Equity
Dividend Yield
None

About Forward Air Corporation's fundamentals

Forward Air Corporation is a mid-sized logistics company with a market capitalization of $774.3 million that reported a net loss in its latest annual period, resulting in a negative net margin of -4.3%. The company is experiencing minimal revenue growth at 0.8% year-over-year, indicating limited top-line expansion. Despite the accounting losses, Forward Air generated positive free cash flow, suggesting the business is converting operations into actual cash despite current profitability challenges. The company does not currently pay a dividend to shareholders.

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