FWRD
Income statement / Annual
Last year (2024), Forward Air Corporation's total revenue was $2.47 B,
an increase of 80.51% from the previous year.
In 2024, Forward Air Corporation's net income was -$816.97 M.
See Forward Air Corporation,s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2024
|
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
| Period Ended |
12/31/2024 |
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 |
| Operating Revenue |
$2.47 B |
$1.37 B |
$1.68 B |
$1.39 B |
$1.27 B |
$1.22 B |
$1.32 B |
$1.10 B |
$982.53 M |
$959.13 M |
| Cost of Revenue |
$2.13 B
|
$1.04 B
|
$1.19 B
|
$1.07 B
|
$1.04 B
|
$961.39 M
|
$1.05 B
|
$864.30 M
|
$767.29 M
|
$768.71 M
|
| Gross Profit |
$339.65 M
|
$330.15 M
|
$491.67 M
|
$313.95 M
|
$229.11 M
|
$253.80 M
|
$266.04 M
|
$236.51 M
|
$215.24 M
|
$190.42 M
|
| Gross Profit Ratio |
0.14
|
0.24
|
0.29
|
0.23
|
0.18
|
0.21
|
0.2
|
0.21
|
0.22
|
0.2
|
| Research and Development Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$2.05 M
|
$0.00
|
$1.78 M
|
$1.82 M
|
$1.66 M
|
$1.53 M
|
| General & Administrative Expenses |
$64.68 M
|
$50.13 M
|
$47.48 M
|
$39.41 M
|
$34.91 M
|
$38.73 M
|
$35.18 M
|
$29.58 M
|
$25.39 M
|
$21.48 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 |
$64.68 M
|
$50.13 M
|
$47.48 M
|
$39.41 M
|
$34.91 M
|
$38.73 M
|
$35.18 M
|
$29.58 M
|
$25.39 M
|
$21.48 M
|
| Other Expenses |
$1.34 B
|
$191.81 M
|
$196.60 M
|
$127.52 M
|
$118.22 M
|
$102.65 M
|
-$2.00 K
|
-$11.00 K
|
$4.00 K
|
-$58.00 K
|
| Operating Expenses |
$1.40 B
|
$241.94 M
|
$244.07 M
|
$166.93 M
|
$155.19 M
|
$141.39 M
|
$144.01 M
|
$127.84 M
|
$112.82 M
|
$108.65 M
|
| Cost And Expenses |
$3.54 B
|
$1.28 B
|
$1.43 B
|
$1.24 B
|
$1.20 B
|
$1.10 B
|
$1.20 B
|
$992.14 M
|
$880.11 M
|
$877.35 M
|
| Interest Income |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Interest Expense |
$189.22 M
|
$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
|
| Depreciation & Amortization |
$143.98 M
|
$57.41 M
|
$42.55 M
|
$34.97 M
|
$37.13 M
|
$36.39 M
|
$42.18 M
|
$41.06 M
|
$38.21 M
|
$37.16 M
|
| EBITDA |
-$916.64 M |
$145.62 M |
$290.14 M |
$181.99 M |
$111.05 M |
$148.81 M |
$164.21 M |
$149.80 M |
$98.19 M |
$118.87 M |
| EBITDA Ratio |
-0.37
|
0.11
|
0.17
|
0.13
|
0.09
|
0.12
|
0.12
|
0.14
|
0.1
|
0.12
|
| Operating Income Ratio |
-0.43
|
0.06
|
0.15
|
0.11
|
0.06
|
0.09
|
0.09
|
0.1
|
0.06
|
0.09
|
| Total Other Income/Expenses Net |
-$186.90 M
|
-$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
|
| Income Before Tax |
-$1.25 B
|
$56.64 M
|
$242.45 M
|
$142.69 M
|
$69.36 M
|
$109.70 M
|
$120.25 M
|
$107.45 M
|
$58.39 M
|
$79.67 M
|
| Income Before Tax Ratio |
-0.51
|
0.04
|
0.14
|
0.1
|
0.05
|
0.09
|
0.09
|
0.1
|
0.06
|
0.08
|
| Income Tax Expense |
-$124.99 M
|
$13.84 M
|
$63.04 M
|
$35.81 M
|
$16.59 M
|
$27.38 M
|
$28.20 M
|
$20.13 M
|
$30.72 M
|
$24.09 M
|
| Net Income |
-$816.97 M
|
$167.35 M
|
$193.19 M
|
$105.86 M
|
$23.73 M
|
$87.10 M
|
$92.05 M
|
$87.32 M
|
$27.67 M
|
$55.58 M
|
| Net Income Ratio |
-0.33
|
0.12
|
0.12
|
0.08
|
0.02
|
0.07
|
0.07
|
0.08
|
0.03
|
0.06
|
| EPS |
-29.43 |
0.44 |
7.18 |
3.87 |
0.85 |
3.06 |
3.17 |
2.9 |
0.91 |
1.8 |
| EPS Diluted |
-29.66 |
0.43 |
7.14 |
3.85 |
0.84 |
3.04 |
3.15 |
2.89 |
0.9 |
1.78 |
| Weighted Average Shares Out |
$27.54 M
|
$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
|
| Weighted Average Shares Out Diluted |
$27.54 M
|
$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
|
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