Lumida
/FWRD
⌘K
Forward Air Corp (Delaware)

Forward Air Corp (Delaware)

FWRD
$16.63USD+1.28%+0.21 today

MARKET CAP

561.8M

P/E (TTM)

FWD P/E

DAY RANGE

$16 – $17

52W RANGE

$8
$31

AI Summary

Stalk
StalkMedium

FWRD is forming a controlled consolidation in a broader Stage 2 uptrend after its 52-week low, with price holding above the rising 50-day SMA but below the 20-day EMA. Medium-term bias is Bullish as the stock retains higher lows and a potential breakout zone near $17.00–$17.50. Short-term timing is Neutral with no clear entry trigger, suggesting a deferred buy into pullbacks near support. Execution should focus on stalking entries around the $16.00–$16.63 support zone against the 50-day SMA, consistent with a speculative strategy awaiting a technical catalyst.

  • Record Q2 revenue of $673M (+8.8% YoY) signals demand strength
  • Intermodal EBITDA at five-quarter high; Expedited Freight EBITDA up 40%
  • Q2 operating loss of $201M and EPS -$6.33 signals distress
Full analysis →
STATEMENT·Income statement
USD · GAAP
METRICFY 2021FY 2022FY 2023FY 2024FY 2025TREND
Sales, Adj.$1.4B$1.7B$1.4B$2.5B$2.5B
YoY %+9.3%+21.1%-18.4%+80.5%+0.8%
P / Sales2.4x1.7x1.2x0.4x0.3x
EV / Sales2.7x1.9x2.7x1.3x1.3x
Gross Profit, Adj.$1.4B$949.2M$1.4B$2.5B$2.5B
YoY %+9.3%-31.6%+44.4%+80.5%+0.8%
Margin %100.0%56.5%100.0%100.0%100.0%
EV / Gross Profit2.7x3.4x2.7x1.3x1.3x
EBITDA, Adj.$182.0M$290.1M$145.6M$109.4M$189.1M
YoY %+63.9%+59.4%-49.8%-24.8%+72.8%
Margin %13.1%17.3%10.6%4.4%7.6%
EV / EBITDA20.8x11.3x25.5x30.2x17.0x
EBIT$147.0M$247.6M$88.2M$-1.1B$36.4M
YoY %+98.9%+68.4%-64.4%-1305.0%+103.4%
Margin %10.6%14.7%6.4%-43.0%1.5%
EV / EBIT25.8x13.2x42.1x-3.1x88.4x
Net Income$105.1M$192.1M$42.8M$-837.1M$-107.8M
YoY %+350.2%+82.8%-77.7%-2055.8%+87.1%
Net Margin7.6%11.4%3.1%-33.8%-4.3%
EPS (GAAP)$3.85$7.14$1.64-$30.40-$3.51
YoY %+358.3%+85.5%-77.0%-1953.7%+88.5%