FWRD — Stock Film
STOCK FILMSCENE 1/11FWRD · $13.75
Stock Expert AI presents
FWRD
Forward Air Corporation
~4 min film100% real numbers0 jargon
WHAT DOES THIS COMPANY DO?
Forward Air Corporation. A quick introduction.

On the stock market since 1993, it operates in the world of heavy industry. It has 6,062 employees. Now — the numbers.

on the stock market since 1993
6,062 employees
$434.8M market value
Revenue last year:
$0
The loss that same year:
$0
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.

WHERE DOES THE MONEY COME FROM?
81%Expedited Freight
Expedited Freight 81%Intermodal 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.

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
$1.7B
2022
$1.4B
2023
$2.5B
2024
$2.5B
2025
In the vault right now:
$0
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
26
very weak

Clearly below the class average.

FINANCIAL STRENGTH
5
very weak

Clearly below the class average.

VALUATION
38
weak

Clearly below the class average.

GROWTH
67
strong

Clearly above the class average — a step short of the very top.

PRICE MOMENTUM
9
very weak

Clearly below the class average.

WORTH WATCHING

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

Price Momentum: The stock has lagged the market in recent months; investor interest is weak right now.

THE FIVE-YEAR JOURNEY
A long and steep decline.

An investor who bought at the very peak is down 89% today. The business is the same; what changed most is the price — and the expectations — the market pins on it.

1
THE BRIGHT SIDE · 1/3
Sales keep climbing

Over the last 3 years, sales grew about 14% a year on average.

2
THE BRIGHT SIDE · 2/3
Sales are holding up

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

3
THE BRIGHT SIDE · 3/3
Analysts’ target sits above today’s price

The average analyst price target is $17.5027% above today’s price.

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
0 / 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.

Analysts’ average target sits above today’s price, yet the valuation grade (38/100) says the stock isn’t cheap.

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This was a film — not investment advice.
Data: FMP & company filings
Jul 21, 2026 · stockexpertai.com · Stock Film