FWRD
Income statement / Annual
Last year (2023), Forward Air Corporation's total revenue was $1.37 B,
a decrease of 30.54% from the previous year.
In 2023, Forward Air Corporation's net income was $167.35 M.
See Forward Air Corporation’s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
FY-2014
|
| Period Ended |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2018 |
12/31/2017 |
12/31/2016 |
12/31/2015 |
12/31/2014 |
| Operating Revenue |
$1.37 B
|
$1.97 B
|
$1.66 B
|
$1.27 B
|
$1.41 B
|
$1.32 B
|
$1.10 B
|
$982.53 M
|
$959.13 M
|
$780.96 M
|
| Cost of Revenue |
$1.28 B |
$1.43 B |
$1.30 B |
$1.04 B |
$1.12 B |
$1.05 B |
$864.30 M |
$767.29 M |
$768.71 M |
$601.96 M |
| Gross Profit |
$88.21 M |
$546.82 M |
$365.33 M |
$229.11 M |
$287.89 M |
$266.04 M |
$236.51 M |
$215.24 M |
$190.42 M |
$179.00 M |
| Gross Profit Ratio |
0.06 |
0.28 |
0.22 |
0.18 |
0.2 |
0.2 |
0.21 |
0.22 |
0.2 |
0.23 |
| Research and Development
Expenses |
$0.00
|
$2.56 M
|
$2.39 M
|
$2.05 M
|
$1.71 M
|
$1.78 M
|
$1.82 M
|
$1.66 M
|
$1.53 M
|
$1.46 M
|
| General & Administrative
Expenses |
$50.13 M
|
$49.76 M
|
$42.19 M
|
$34.91 M
|
$45.44 M
|
$35.18 M
|
$29.58 M
|
$25.39 M
|
$21.48 M
|
$15.74 M
|
| Selling & Marketing
Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Selling, General &
Administrative Expenses |
$50.13 M
|
$49.76 M
|
$42.19 M
|
$34.91 M
|
$45.44 M
|
$35.18 M
|
$29.58 M
|
$25.39 M
|
$21.48 M
|
$15.74 M
|
| Other Expenses |
$191.81 M |
$231.09 M |
$163.84 M |
$120.28 M |
$123.62 M |
-$2,000.00 |
-$11,000.00 |
$4,000.00 |
-$58,000.00 |
$289,000.00 |
| Operating Expenses |
$299.35 M |
$280.85 M |
$206.03 M |
$155.19 M |
$169.06 M |
$144.01 M |
$127.84 M |
$112.82 M |
$108.65 M |
$82.60 M |
| Cost And Expenses |
$1.28 B |
$1.71 B |
$1.50 B |
$1.20 B |
$1.29 B |
$1.20 B |
$992.14 M |
$880.11 M |
$877.35 M |
$684.55 M |
| Interest Income |
$0.00 |
$5.14 M |
$4.34 M |
$4.56 M |
$2.71 M |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
| Interest Expense |
$31.57 M |
$5.14 M |
$4.34 M |
$4.56 M |
$2.71 M |
$1.78 M |
$1.21 M |
$1.60 M |
$2.05 M |
$610,000.00 |
| Depreciation &
Amortization |
$57.41 M
|
$42.55 M
|
$39.55 M
|
$37.13 M
|
$36.39 M
|
$42.18 M
|
$41.06 M
|
$38.21 M
|
$37.16 M
|
$31.13 M
|
| EBITDA |
$145.62 M
|
$290.14 M
|
$198.85 M
|
$111.05 M
|
$148.81 M
|
$164.21 M
|
$149.80 M
|
$98.19 M
|
$118.87 M
|
$127.83 M
|
| EBITDA Ratio |
0.11 |
0.16 |
0.12 |
0.09 |
0.11 |
0.12 |
0.14 |
0.14 |
0.12 |
0.16 |
| Operating Income Ratio
|
0.06
|
0.13
|
0.1
|
0.06
|
0.08
|
0.09
|
0.1
|
0.06
|
0.09
|
0.12
|
| Total Other
Income/Expenses Net |
-$31.57 M
|
-$5.14 M
|
-$4.34 M
|
-$4.56 M
|
-$2.71 M
|
-$1.79 M
|
-$1.22 M
|
-$1.32 M
|
-$2.11 M
|
-$321,000.00
|
| Income Before Tax |
$56.64 M |
$260.84 M |
$154.96 M |
$69.36 M |
$116.11 M |
$120.25 M |
$107.45 M |
$58.39 M |
$79.67 M |
$96.09 M |
| Income Before Tax Ratio
|
0.04
|
0.13
|
0.09
|
0.05
|
0.08
|
0.09
|
0.1
|
0.06
|
0.08
|
0.12
|
| Income Tax Expense |
$13.84 M |
$67.65 M |
$38.87 M |
$16.59 M |
$29.01 M |
$28.20 M |
$20.13 M |
$30.72 M |
$24.09 M |
$34.92 M |
| Net Income |
$167.35 M |
$193.19 M |
$105.86 M |
$52.77 M |
$87.10 M |
$92.05 M |
$87.32 M |
$27.67 M |
$55.58 M |
$61.17 M |
| Net Income Ratio |
0.12 |
0.1 |
0.06 |
0.04 |
0.06 |
0.07 |
0.08 |
0.03 |
0.06 |
0.08 |
| EPS |
0.44 |
7.18 |
3.87 |
1.91 |
3.06 |
3.17 |
2.9 |
0.91 |
1.8 |
1.99 |
| EPS Diluted |
0.43 |
7.14 |
3.85 |
1.91 |
3.04 |
3.15 |
2.89 |
0.9 |
1.78 |
1.96 |
| Weighted Average Shares
Out |
$25.91 M
|
$26.78 M
|
$27.16 M
|
$27.63 M
|
$28.20 M
|
$29.08 M
|
$30.11 M
|
$30.41 M
|
$30.88 M
|
$30.60 M
|
| Weighted Average Shares
Out Diluted |
$26.00 M
|
$26.93 M
|
$27.29 M
|
$27.70 M
|
$28.31 M
|
$29.19 M
|
$30.21 M
|
$30.74 M
|
$31.22 M
|
$31.13 M
|
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