NASDAQ · FWRDIndustrialsTransportation & Logistics

Forward Air Corp (FWRD)

$16.93−11.27%
Close Nov 5, 2026 · split-adjusted
Nov 4, 2026$19.08▲ 5.18% in range
Nov 4, 2025Low $8.31 · High $30.23Nov 4, 2026
What changed · written from our data
As of Nov 5, 2026

Forward Air closed at $16.93 on Nov 5, down 11.27%, 44.0% below its 52-week closing high. Volume of 481.5K shares was 1.30× its 20-day average (above normal).

Split-adjusted performance: +10.1% over one month, -2.3% over six months, -6.7% over one year.

In the quarter ended Jun 30, 2026, revenue was $673.04M, up 8.8% from a year earlier, with a net margin of -30.8%.

Short interest was 1.8M shares at the Oct 15 settlement, down 14.9% from the prior report (7.1% of float, 4.7 days to cover).

Market cap$571.9M33.8M shares
Revenue · quarter$673.0M+8.8% YoY
Diluted EPS$-6.38—
P/E · TTM—P/S 0.2×
Net margin-30.8%Gross 100.0%
Dividend yieldNone$0.24 last paid
52-week range8.31 – 30.23−44.0% from high
Volume481.5K1.30× 20-day avg
Volatility · 60d61.4%Annualised
Short % of float7.1%4.7 days to cover
Net cash-$1.59BCash $139.4M
Next earnings—Not scheduled
Split-adjusted performance
1W −5.3%1M +10.1%3M −12.5%6M −2.3%YTD −32.3%1Y −6.7%3Y −73.7%5Y −82.6%

Earnings reactions

History →

No reported quarters with price history yet.

Rank within Transportation & Logistics

Percentile among 84 companies (100 = best)

6-month momentum50
Revenue growth29
Net margin11
Value (low P/E)—
Size30

Industry medians: 6-month return −2.3%, revenue growth +14.2%, net margin 3.7%, P/E 19.2×.

Short interest

Details →
Shares short1.8M−14.9% vs prior
Days to cover4.7Settled Oct 15
% of float7.1%
Short vol. 10d46.9%of daily volume

Closest peers by size in Transportation & Logistics

CompanyPriceToday6MRev. growthNet marginP/EMkt cap
FWRDForward Air$16.93−11.27%−2.3%+8.8%−30.8%—$571.9M
GMRSGMR Solutions$12.51+0.97%——−7.7%—$675.8MCompare
PANLPangaea Logistics Solutions$7.37−1.86%−6.4%+19.4%5.5%10.1$482.5MCompare
SRTAStrata Critical Medical$5.26+0.77%−1.5%+50.3%−10.3%—$469.8MCompare
RLGTRadiant Logistics$9.03−5.94%+8.7%+18.5%2.9%22.6$424.2MCompare
ULHUniversal Logistics Holdings$29.47−9.93%+119.6%−3.7%6.9%—$777.1MCompare
HTLDHeartland Express$10.15−5.32%−21.8%−12.5%5.7%—$784.9MCompare
CVLGCovenant Logistics Group$32.37−4.46%−2.4%+9.9%2.6%216.7$821.5MCompare
SPCEVirgin Galactic Holdings$2.38−5.18%−5.2%−67.0%−41708.2%—$360.8MCompare

Quick answers

What does Forward Air do?
Forward Air Corp is an asset-light freight and logistics company. The company's operating segment includes Expedited Freight, Omni Logistics, and Intermodal and Corporate.
What is FWRD's market cap?
$571.91M, based on the Nov 5 close of $16.93.
Does Forward Air pay a dividend?
No regular cash dividend has been paid in the last year.
How much of FWRD is sold short?
1.8M shares, 7.1% of float, as of Oct 15, 2026.
What sector is FWRD in?
Industrials, in the Transportation & Logistics industry.

About Forward Air

Forward Air Corp is an asset-light freight and logistics company. The company's operating segment includes Expedited Freight, Omni Logistics, and Intermodal and Corporate. The company generates maximum revenue from the Omni Logistics segment. The expedited Freight segment operates a comprehensive national network to provide expedited regional, inter-regional, and national LTL (less-than-truckload) services. It also offers customers local pick-up and delivery and other services including final mile, truckload, shipment consolidation and deconsolidation, warehousing, customs brokerage, and other handling. The Company conducts business in North and South America, Europe, and Asia.

HQ: Dallas, TX6,062 employeesListed Nov 16, 1993forwardaircorp.com

Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology