Forward Air stock
FWRDNASDAQForward Air Corporation, IndustrialsISIN US34986A1043
39Score 39 out of 100, Weak
Price and trend
66 / 100
Price history
−23% in one yearThe chart shows daily closes over 20 years, adjusted for stock splits and without dividends. Click into the chart to set a price alert at that price.
Below the 200-day line: the price is 0.2% below it.
Since March 2026 the 50-day line has been below the 200-day line; the trend has turned down.
Normal: the price is neither overheated nor sold off (RSI 59).
The price is 43% below its 52-week high. Largest decline in 20 years: 93% (January 2022 to May 2026).
Chart figures for advanced users
- SMA 50$16.13
- Average price of the last 50 trading days, shows the short-term trend.
- SMA 200$17.19
- Average price of the last 200 trading days, shows the long-term trend.
- RSI (14)59
- Relative strength over the last 14 days on a scale from 0 to 100. Above 70 the price counts as overheated, below 30 as sharply fallen.
- MACDabove the signal line
- Compares a fast and a slow price average. Above its signal line momentum is rising, below it momentum is fading.
- Support$8.31
- The lowest closing price of the last twelve months.
- Resistance$30.23
- The highest closing price of the last twelve months.
Snapshot
Computed from the data by fixed rules, no AI
- Forward Air Corporation belongs to the Integrated Freight & Logistics industry (United States) and, with a market value of $579.19M, is number 34 of 36 companies in its industry on MEQIRI.
- In fiscal 2025 it reported revenue of $2.5B (up 0.8% year on year) and a loss of $107.8M.
- For fiscal 2026, analysts expect on average revenue of $2.58B (up 3.6%) and adjusted earnings per share of −$0.81.
Show more
- MEQIRI Score 39 out of 100 (Weak): rank 936 of 1023 in Industrials, median 61.
In plain words
The numbers on this page in plain words, written by an AI
Strengths
- Growing faster than its industryRevenue up 18.7% a year since 2020, Integrated Freight & Logistics median 4.5%.
Weaknesses
- Interest barely coveredOperating profit covers interest only 0.2 times.Stability 21
- Margin fallingOperating margin 1.5%, average of the prior years 6.4% (to 2024).Profitability 14
- Loss-makingLoss of $258.57M over the last 12 months.Fundamentals 54
The score is held back by stability and profitability.
Daily figure as of 12 Nov 2026
How the score is calculatedScore overview
Score since yesterday from 41 to 39.
The fundamentals are in the middle range.
Score history
The full history of up to 20 years comes with MEQIRI Pro.
See plansValuation
Valuation signal
not measuredClosing price of 11 Nov 2026, used by the daily score.
A fair value is not meaningful here, so the signal follows the valuation grade.
Valuation metrics
The model puts the fair value at less than a quarter of the share price. That says more about the assumptions than about the company, so a fair value is not meaningful here and the valuation relies on the P/E and the other metrics.
Calculate with your own assumptionsCompany performance
This shows several years of history with an automatic assessment.
Revenue
In the twelve months to 30 Sep 2026, revenue rose 2.5% on the twelve months before. Up to 2020 the bars include businesses that were later spun off or sold. On a comparable basis, as restated in the SEC annual reports, revenue grew 18.7% a year.
Margins
- Gross margin
- Operating margin
- Net margin
In fiscal 2025: gross 20%, operating 1%, net −4%. Last 12 months: net −10%.
Debt & balance sheet
latest quarterDebt is elevated. Keep an eye on the interest burden and refinancing.
Earnings
- Next earnings
- 22 Feb 2027in 102 days
- Last reported
- 9 Nov 2026EPS reported $0.34 (expected $0.13)above expectations
Analyst estimates
- Earnings per share
- −$0.810.0%
- Revenue
- $2.58B0.0%
- Earnings per share
- $0.20+4.1%
- Revenue
- $2.62B+1.0%
MEQIRI has stored the estimates since 15 Oct 2026. Until 30 days are available, the card shows the change since that day. Mean estimate according to Financial Modeling Prep. No price target and no recommendation.
Insiders
Open-market purchases and sales by executives, board members and major holders
No open-market purchases or sales in the last 6 months.
- Cetus Capital VI, L.P.Sale
12 Nov 2025, Major holder
- Shares
- 10,000
- Price
- $22.38
- Value
- $223,800
Source: Form 4 filings with the US Securities and Exchange Commission. Grants, option exercises, gifts and tax withholdings are hidden. Not a recommendation to buy.
What happened at Forward Air
The key events of the last six months from our own data. A click takes you to the matching card.
Sector comparison
1023 rated companies in Industrials
- This company
- 39
- Sector median
- 61
Categories against the sector medianMedian of 1,023 companies
The median is the middle value: half of the companies in the sector lie above it, half below. Categories with too few comparable companies are left out.
Competitors in Integrated Freight & Logistics
The next larger and next smaller companies by market value
- Prosegur CashCASH.MC $1.15B68
- CryoportCYRX $1.04B49
- NTG Nordic Transport GroupNTG.CO $1B66
- LogwinTGHN.DE $929.07M75
- Ferrari GroupFERGR.AS $789.35M76
- CTT - Correios De PortugalCTT.LS $701.33M54
- PostNLPNL.AS $475.93M41
- Radiant LogisticsRLGT $457.58M62
ETFs that hold Forward Air
Held by 2 ETFs on Xetra. Shown per index: the ETF with the largest weight.
| ETF | Weight | Cost | Fund size |
|---|---|---|---|
| State Street SPDR Russell 2000 U.S. Small Cap UCITS ETF (Acc)ZPRR | 0.01% | 0.30% | €4.22B |
| Xtrackers Russell 2000 UCITS ETF 1CXRS2 | 0.01% | 0.30% | €2.17B |
Holdings as reported by the funds via FMP, excluding swap ETFs (their holdings are only collateral).
Data status and sources
- Score
- Daily value of 12 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Weak, published since 7 Nov 2026 (in the score history since 31 May 2024)
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.