FORWARD AIR CORP
Financial highlights
| Metric | FY December 31, 2025 | FY December 31, 2024 | FY December 31, 2023 | FY December 31, 2022 | FY December 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $2.5B | $2.5B | $1.4B | $1.7B | $1.4B |
| Operating income | $36.4M | -$1.1B | $88.2M | $247.6M | $147.0M |
| Cash from operations | $44.4M | -$69.0M | $199.2M | $250.2M | $120.6M |
| Capital expenditure | $29.1M | $37.1M | $30.7M | $39.3M | $38.4M |
| Free cash flow | $15.3M | -$106.1M | $168.5M | $210.9M | $82.2M |
| Share repurchases | $0 | $0 | $93.8M | $62.8M | $49.0M |
| Impairments | $0 | $1.0B | $0 | $0 | — |
| Total assets | $2.7B | $2.8B | $3.0B | $1.2B | $1.1B |
Shares outstanding 31.6M · Free float 62.1%
Annual filing data through FY ended December 31, 2025; float as of July 11, 2026.