FWRD · XBRL financial data

Forward Air financial statements, every fiscal year

The same tables from 7 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal years (FWRD's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Revenue	1,270	—	—	—	—	—
Revenue from contracts with customers	1,270	1,662	1,973	1,371	2,474	2,495
Cost of goods and services sold	651	—	—	—	—	—
Operating income (loss)	74	159	266	88	(1,063)	36
Interest expense	5	4	5	32	189	181
Other income (expense)	(0)	0	0	0	1	3
Income tax expense (benefit)	17	39	68	14	(125)	(5)
Net income (loss)	24	106	193	167	(817)	(108)
Earnings per share, basic USD per share	0.84	3.87	7.17	6.42	(30.63)	(3.51)
Earnings per share, diluted USD per share	0.84	3.85	7.14	6.40	(30.63)	(3.51)
Weighted average shares, basic millions of shares	28	27	27	26	28	31
Weighted average shares, diluted millions of shares	28	27	27	26	28	31

Fiscal years (FWRD's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Cash and cash equivalents	40	37	46	122	105	106
Accounts receivable	156	208	221	153	322	344
Prepaid and other current assets	21	22	25	26	29	28
Total current assets	246	283	304	347	473	521
Property and equipment, net	190	219	249	—	—	—
Right-of-use asset	123	148	142	112	410	413
Goodwill	245	267	306	279	523	523
Total assets	1,047	1,118	1,208	2,980	2,803	2,719
Accounts payable	38	45	55	45	106	122
Accrued liabilities	51	62	54	63	120	114
Current portion of long-term debt	0	2	1	0	—	—
Total current liabilities	172	165	169	237	384	428
Long-term debt	112	155	107	0	1,676	1,687
Lease liability, non-current	80	101	99	72	326	327
Total liabilities	—	—	—	—	—	2,557
Retained earnings (accumulated deficit)	304	335	436	480	(338)	(447)
Total stockholders' equity	547	594	707	764	202	113
Total liabilities and equity	1,047	1,118	1,208	2,980	2,803	2,719
Common shares outstanding (cover page) millions of shares	28	27	26	26	30	32

Fiscal years (FWRD's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Net income (loss)	24	106	193	167	(817)	(108)
Stock-based compensation	11	11	11	11	10	13
Depreciation and amortization	37	40	47	57	144	153
Purchases of property and equipment	20	39	41	31	37	29
Proceeds from issuing common stock	1	1	1	1	1	1
Share repurchases	45	49	63	94	0	0
Dividends paid	21	23	26	25	0	0
Net change in cash	(24)	(3)	9	1,906	(1,847)	1

SIC 4731 and related industry codes, similar size; rows marked “added: same SIC” fill a short list. Each row is the latest quarter reported.

How peers are chosen

SIC 4731 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
Fewer than three companies fall in that range, so the list adds same-SIC (4731) companies nearest in public float, each marked “added: same SIC”.
Runway shows only for companies burning cash with under $10B of public float.
* marks a quarter worked out from the filing totals: for a 10-K, the year less the first three quarters; for a 10-Q, the year-to-date total less the earlier one.
A cell reading “not reported” means the filings give no figure for that quarter alone.

Company	Cash ($M)	Revenue, quarter ($M)	Operating cash flow, quarter ($M)	Shares outstanding	Runway	Quarter
Forward Air	139	673	(4.9)*	33.8M	28.6 quarters	Q2 FY26 10-QJun 30, 2026
Hub Group	120	934	28*	not reported	—	Q3 FY25 10-QSep 30, 2025
Radiant Logistics	26	261*	(12)*	46.9M	2.1 quarters	Q4 FY26 10-KJun 30, 2026
Brinksadded: same SIC	1,563	1,375	90*	41.2M	—	Q3 FY26 10-QSep 30, 2026
C. H. Robinson Worldwideadded: same SIC	193	5,358	124*	115.9M	—	Q3 FY26 10-QSep 30, 2026
Quanome Technologiesadded: same SIC	0.7	0.7*	not reported	34.4M	—	Q4 FY26 10-KJun 30, 2026
Expeditors International of Washingtonadded: same SIC	1,031	3,502	179	130.0M	—	Q2 FY26 10-QJun 30, 2026
Singularity Future Technologyadded: same SIC	2.2	0.8*	(0.5)*	5.4M	4.5 quarters	Q4 FY26 10-KJun 30, 2026
CGL Logistics Holdingsadded: same SIC	not reported	not reported	not reported	not reported	—	—

Not investment advice. Not affiliated with the U.S. SEC.