FWRD — Stock Film
STOCK FILMSCENE 1/11FWRD · $16.63
Stock Expert AI presents
FWRD
Forward Air Corporation
~5 min film100% real numbersplain English
WHAT DOES THIS COMPANY DO?
Forward Air Corporation. What it actually does.

Provides expedited regional, inter-regional, and national less-than-truckload (LTL) services. Offers local pick-up and delivery services for freight. Now — the numbers.

on the stock market since 1993
6,062 employees
$525.9M market value
WHERE DOES THE MONEY COME FROM?
81%Expedited Freight
Expedited FreightIntermodal 19%
81% of all revenue comes from a single line: Expedited Freight.

That much dependence is a risk in itself: if this one line weakens, the whole company feels it directly.

Revenue last year:
$2.5B
The loss that same year:
$107.8M
Sales don’t cover the costs; the gap drains from the cash pile every year.

The company closed last year at a loss: costs ran above sales. The picture changes only if spending is reined in.

THE SALES TREND
Sales are growing overall, with a pause along the way.

Average growth of 16% a year over the last 4 years. Red columns mark years that ended in a loss.

$1.4B
2021
2022
2023
2024
$2.5B
2025
In the vault right now:
$106M
DEBT: $2.2B
At this pace, that money lasts less than a year.

Before the clock runs out, either sales must climb sharply or new money must come in. This is the most critical line in the whole picture.

INSIDE THE REPORT CARD

We compared this company with its own sector across five subjects.

A score of 50 means class average.

BUSINESS QUALITY
20
very weak

Clearly below the class average.

FINANCIAL STRENGTH
22
very weak

Clearly below the class average.

VALUATION
30
very weak

Clearly below the class average.

GROWTH
64
average

There is growth, but not at top-of-the-class tempo.

PRICE MOMENTUM
48
weak

Clearly below the class average.

WORTH WATCHING

Business Quality: Profit power and business quality trail similar companies in the sector.

Financial Strength: The cash-and-debt balance is thin; the buffer for hard times is slim.

THE FIVE-YEAR JOURNEY
A long and steep decline.

An investor who bought at the very peak is down 87% today. The business is the same; what changed most is the price — and the expectations — the market pins on it.

1
THE BRIGHT SIDE · 1/2
Sales keep climbing

Over the last 4 years, sales grew about 16% a year on average.

2
THE BRIGHT SIDE · 2/2
Sales are holding up

The company sells $2.5B a year; the problem isn’t sales — it’s costs running above that number.

1
THE RISKS · 1/2
The losses continue

A loss of $107.8M against $2.5B in annual sales.

2
THE RISKS · 2/2
The cash has a countdown

At the current pace of spending, the cash lasts less than a year. After that, the company needs to find new money.

FINALE · THE GRADE
F
26 / 100 · MoonshotScore

On our five-subject report card, FWRD sits behind the class. A low grade doesn’t mean “doomed” — it means “big claim, small proof.”

The takeaway: FWRD has solid sales but closed last year at a loss. The road back to profit runs through spending discipline.

The total grade weighs these five subjects against the sector — it isn’t a simple average of the five.

Analysts’ average target sits above today’s price, yet the valuation grade (30/100) says the stock isn’t cheap.

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This was a film — not investment advice.
Data: FMP & company filings
Sep 11, 2026 · stockexpertai.com · Stock Film