Forward Air Corporation (FWRD) — Financial ratios
Profitability, liquidity, leverage, and valuation ratios for Forward Air Corporation, with annual and quarterly history.
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Valuation | ||||||
| P/E Ratio | -7.18x | -1.09x | 9.73x | 14.54x | 31.06x | 89.46x |
| P/B Ratio | 6.83x | 4.40x | 2.13x | 3.97x | 5.54x | 3.88x |
| P/S Ratio | 0.31x | 0.36x | 1.19x | 1.67x | 2.37x | 1.67x |
| Profitability | ||||||
| Gross Margin | 20.5% | 13.7% | 24.1% | 29.3% | 22.6% | 18.0% |
| Operating Margin | 1.5% | -43.0% | 6.4% | 14.7% | 10.6% | 5.8% |
| Net Margin | -4.3% | -33.0% | 12.2% | 11.5% | 7.6% | 1.9% |
| EBITDA Margin | 7.5% | -37.0% | 10.6% | 17.3% | 13.1% | 8.7% |
| Liquidity | ||||||
| Current Ratio | 1.22x | 1.23x | 1.46x | 1.80x | 1.72x | 1.43x |
| Quick Ratio | 1.22x | 1.23x | 1.46x | 1.80x | 1.72x | 1.43x |
| Leverage | ||||||
| Debt/Equity | 19.05x | 10.64x | 2.55x | 0.38x | 0.54x | 0.44x |
YoY = year-over-year change. Source: FMP..