Forward Air Corporation
FWRDIndustrialsNASDAQIntegrated Freight & Logistics
Scan Results
Daily timeframeForward Air Corporation, together with its subsidiaries, operates as an asset-light freight and logistics company in the United States, Mexico, Europe, Asia, and Canada. Valued at $604.3M, FWRD is a small-cap name in its sector. The company operates through three segments: Expedited Freight, Omni Logistics, and Intermodal.
Market Cap
$604.3M
Beta
1.39
P/E (TTM)
—
P/E (Fwd)
41.60
EPS (TTM)
$-8.92
EPS (Fwd)
$0.43
ROE
-735.7%
ROA
3.1%
Cash
$139.4M
Total Debt
$2.11B
Free CF
$87.0M
52W Change
-39.9%
Annual Financials
Cash vs Debt
Where FWRD stands vs its 150-day and 200-day moving averages
As of the September 3, 2026 close, FWRD finished 8.89% below its 150-day moving average ($17.54) and 17.88% below its 200-day moving average ($19.46). This snapshot is end-of-day data shown with a five-trading-day delay on the free plan; Premium members see readings from the latest close.
Is FWRD overbought or oversold?
At the September 3, 2026 close, FWRD's RSI(14) was 15.9, in oversold territory (below 30). The MACD histogram was negative, so short-term momentum leaned bearish at that close. These readings are historical, refresh daily after market close, and are not investment advice.
Forward Air Corporation carries $2.11B in total debt against $139.4M in cash reserves — debt is roughly 15.1x the cash position. Managing this leverage effectively will be important for long-term financial stability. Annual free cash flow of $87.0M supports ongoing capital allocation decisions and provides a cushion against unexpected expenses or downturns. ROE of -735.7% points to negative capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. ROA of 3.1% is on the lower side, which is common in asset-heavy industries. Revenue has grown from $1.68B (2022) to $2.50B (2025), reflecting a 49% increase over the period.
Debt significantly exceeds cash reserves, which means the company's financial flexibility could be constrained during economic downturns. It is important to consider these factors alongside broader market conditions and individual financial goals when reviewing FWRD.