Stocks · Industrials · Arrangement of Transportation of Freight & Cargo

FORWARD AIR CORP

FWRD Clue Score35
United States Fiscal year ends December CIK 0000912728
$15.64 -4.17% Close, 9 Oct 2026

Price, with every insider trade on it

Closing prices, 12 months · point at a dot for who traded, or at the line for the close
15.64 on 9 Oct 2026
30 19 8 Oct 2025 Apr 2026 Oct 2026 13 Oct 2025 $21.72 14 Oct 2025 $21.19 15 Oct 2025 $19.99 16 Oct 2025 $20.82 17 Oct 2025 $20.14 20 Oct 2025 $19.19 21 Oct 2025 $20.48 22 Oct 2025 $19.02 23 Oct 2025 $18.96 24 Oct 2025 $19.66 27 Oct 2025 $19.78 28 Oct 2025 $19.76 29 Oct 2025 $19.24 30 Oct 2025 $18.67 31 Oct 2025 $18.81 3 Nov 2025 $18.01 4 Nov 2025 $18.14 5 Nov 2025 $17.69 6 Nov 2025 $20.90 7 Nov 2025 $20.91 10 Nov 2025 $21.56 11 Nov 2025 $21.71 12 Nov 2025 $22.37 13 Nov 2025 $21.23 14 Nov 2025 $21.18 17 Nov 2025 $21.01 18 Nov 2025 $21.05 19 Nov 2025 $20.13 20 Nov 2025 $19.74 21 Nov 2025 $20.38 24 Nov 2025 $21.01 25 Nov 2025 $21.92 26 Nov 2025 $22.66 28 Nov 2025 $22.97 1 Dec 2025 $24.19 2 Dec 2025 $25.01 3 Dec 2025 $25.20 4 Dec 2025 $25.56 5 Dec 2025 $25.90 8 Dec 2025 $25.53 9 Dec 2025 $25.64 10 Dec 2025 $26.00 11 Dec 2025 $25.50 12 Dec 2025 $25.47 15 Dec 2025 $25.92 16 Dec 2025 $25.67 17 Dec 2025 $25.24 18 Dec 2025 $25.17 19 Dec 2025 $25.01 22 Dec 2025 $24.98 23 Dec 2025 $25.34 24 Dec 2025 $25.45 26 Dec 2025 $25.52 29 Dec 2025 $25.53 30 Dec 2025 $25.29 31 Dec 2025 $25.00 2 Jan 2026 $25.13 5 Jan 2026 $25.45 6 Jan 2026 $25.90 7 Jan 2026 $26.14 8 Jan 2026 $26.25 9 Jan 2026 $27.06 12 Jan 2026 $27.44 13 Jan 2026 $27.80 14 Jan 2026 $28.23 15 Jan 2026 $29.37 16 Jan 2026 $28.58 20 Jan 2026 $27.06 21 Jan 2026 $28.57 22 Jan 2026 $28.47 23 Jan 2026 $27.79 26 Jan 2026 $27.02 27 Jan 2026 $27.89 28 Jan 2026 $27.42 29 Jan 2026 $27.61 30 Jan 2026 $27.88 2 Feb 2026 $28.98 3 Feb 2026 $29.42 4 Feb 2026 $29.75 5 Feb 2026 $28.16 6 Feb 2026 $29.89 9 Feb 2026 $30.23 10 Feb 2026 $30.05 11 Feb 2026 $29.72 12 Feb 2026 $27.12 13 Feb 2026 $26.81 17 Feb 2026 $27.24 18 Feb 2026 $27.60 19 Feb 2026 $27.78 20 Feb 2026 $27.82 23 Feb 2026 $25.28 24 Feb 2026 $26.43 25 Feb 2026 $25.15 26 Feb 2026 $25.77 27 Feb 2026 $25.29 2 Mar 2026 $25.43 3 Mar 2026 $24.65 4 Mar 2026 $24.61 5 Mar 2026 $23.88 6 Mar 2026 $21.94 9 Mar 2026 $22.03 10 Mar 2026 $22.04 11 Mar 2026 $18.39 12 Mar 2026 $16.57 13 Mar 2026 $15.80 16 Mar 2026 $16.05 17 Mar 2026 $16.45 18 Mar 2026 $15.74 19 Mar 2026 $15.51 20 Mar 2026 $15.47 23 Mar 2026 $16.00 24 Mar 2026 $16.21 25 Mar 2026 $16.61 26 Mar 2026 $17.06 27 Mar 2026 $16.24 30 Mar 2026 $15.74 31 Mar 2026 $16.71 1 Apr 2026 $17.23 2 Apr 2026 $17.41 6 Apr 2026 $17.39 7 Apr 2026 $17.47 8 Apr 2026 $18.40 9 Apr 2026 $18.87 10 Apr 2026 $19.14 13 Apr 2026 $19.31 14 Apr 2026 $19.04 15 Apr 2026 $19.19 16 Apr 2026 $20.87 17 Apr 2026 $22.18 20 Apr 2026 $23.11 21 Apr 2026 $23.10 22 Apr 2026 $22.75 23 Apr 2026 $22.75 24 Apr 2026 $23.44 27 Apr 2026 $22.85 28 Apr 2026 $22.41 29 Apr 2026 $21.51 30 Apr 2026 $21.06 1 May 2026 $21.33 4 May 2026 $16.22 5 May 2026 $17.03 6 May 2026 $18.36 7 May 2026 $17.33 8 May 2026 $9.87 11 May 2026 $10.46 12 May 2026 $9.19 13 May 2026 $8.74 14 May 2026 $9.40 15 May 2026 $8.76 18 May 2026 $8.50 19 May 2026 $8.31 20 May 2026 $8.43 21 May 2026 $8.35 22 May 2026 $8.80 26 May 2026 $9.63 27 May 2026 $10.38 28 May 2026 $10.36 29 May 2026 $10.58 1 Jun 2026 $10.46 2 Jun 2026 $10.20 3 Jun 2026 $9.67 4 Jun 2026 $10.35 5 Jun 2026 $10.36 8 Jun 2026 $11.50 9 Jun 2026 $11.63 10 Jun 2026 $12.25 11 Jun 2026 $12.57 12 Jun 2026 $13.33 15 Jun 2026 $13.58 16 Jun 2026 $13.77 17 Jun 2026 $13.56 18 Jun 2026 $13.62 22 Jun 2026 $13.71 23 Jun 2026 $13.08 24 Jun 2026 $13.39 25 Jun 2026 $14.29 26 Jun 2026 $14.87 29 Jun 2026 $14.43 30 Jun 2026 $13.51 1 Jul 2026 $14.09 2 Jul 2026 $13.45 6 Jul 2026 $12.99 7 Jul 2026 $13.10 8 Jul 2026 $12.18 9 Jul 2026 $12.90 10 Jul 2026 $13.38 13 Jul 2026 $12.80 14 Jul 2026 $12.79 15 Jul 2026 $12.62 16 Jul 2026 $13.55 17 Jul 2026 $13.75 20 Jul 2026 $13.20 21 Jul 2026 $16.21 22 Jul 2026 $16.07 23 Jul 2026 $15.48 24 Jul 2026 $15.25 27 Jul 2026 $14.72 28 Jul 2026 $14.78 29 Jul 2026 $14.59 30 Jul 2026 $14.19 31 Jul 2026 $14.05 3 Aug 2026 $14.67 4 Aug 2026 $15.30 5 Aug 2026 $15.41 6 Aug 2026 $17.80 7 Aug 2026 $19.35 10 Aug 2026 $18.77 11 Aug 2026 $18.60 12 Aug 2026 $19.49 13 Aug 2026 $20.20 14 Aug 2026 $18.96 17 Aug 2026 $19.32 18 Aug 2026 $19.18 19 Aug 2026 $18.52 20 Aug 2026 $17.79 21 Aug 2026 $18.11 24 Aug 2026 $17.57 25 Aug 2026 $17.41 26 Aug 2026 $17.63 27 Aug 2026 $17.70 28 Aug 2026 $16.99 31 Aug 2026 $17.00 1 Sep 2026 $16.38 2 Sep 2026 $15.98 3 Sep 2026 $16.31 4 Sep 2026 $17.89 8 Sep 2026 $17.27 9 Sep 2026 $16.38 10 Sep 2026 $16.42 11 Sep 2026 $16.63 14 Sep 2026 $16.69 15 Sep 2026 $16.40 16 Sep 2026 $15.49 17 Sep 2026 $15.41 18 Sep 2026 $14.83 21 Sep 2026 $14.59 22 Sep 2026 $15.14 23 Sep 2026 $15.06 24 Sep 2026 $14.75 25 Sep 2026 $14.69 28 Sep 2026 $15.27 29 Sep 2026 $15.01 30 Sep 2026 $15.25 1 Oct 2026 $15.50 2 Oct 2026 $15.91 5 Oct 2026 $15.07 6 Oct 2026 $15.26 7 Oct 2026 $15.37 8 Oct 2026 $16.32 9 Oct 2026 $15.64 Cetus Capital VI, L.P. 10% owner Sold at will $642.60K 14 Oct 2025 · at $21.42 · 1.0% of stake Cetus Capital VI, L.P. 10% owner Bought $4.03M 20 Oct 2025 · at $17.93 · 7.1% of stake Cetus Capital VI, L.P. 10% owner Sold at will $1.64M 6 Nov 2025 · at $21.85 · 2.2% of stake Cetus Capital VI, L.P. 10% owner Sold at will $2.62M 10 Nov 2025 · at $21.83 · 3.6% of stake Cetus Capital VI, L.P. 10% owner Sold at will $1.46M 11 Nov 2025 · at $21.71 · 2.1% of stake Cetus Capital VI, L.P. 10% owner Sold at will $223.80K 12 Nov 2025 · at $22.38 · 0.3% of stake
1 buy5 sales at will0 planned sales

Key numbers

Fiscal year 2025, ended 31 Dec 2025, as filed
Revenue
$2.50B
Net income
$107.80M
Free cash flow
$15.27M
Operating margin
1.5%
Net margin
-4.3%
Return on equity
-95.1%
Return on capital
1.6%
Debt to equity
14.99
Revenue growth, 1 yr
0.8%
Revenue growth, 5 yr
14.5% a year

Revenue and profit

Fiscal years, as filed with the SEC · point at a year for the detail
Full statements →
1.3B 24M FY20 Fiscal year 2020 Revenue $1.27B Net income $23.73M Margin 1.9% 1.4B 106M FY21 Fiscal year 2021 Revenue $1.39B Net income $105.86M Margin 7.6% · growth +9.3% 1.7B 193M FY22 Fiscal year 2022 Revenue $1.68B Net income $193.19M Margin 11.5% · growth +21.1% 1.4B 167M FY23 Fiscal year 2023 Revenue $1.37B Net income $167.35M Margin 12.2% · growth -18.4% 2.5B -817M FY24 Fiscal year 2024 Revenue $2.47B Net income $816.97M Margin -33.0% · growth +80.5% 2.5B -108M FY25 Fiscal year 2025 Revenue $2.50B Net income $107.80M Margin -4.3% · growth +0.8%
RevenueNet incomeLoss

Latest insider transactions

From Form 4, most recent first
All of them →
DateInsiderTypeValueOf own stake
12 Nov 2025 Cetus Capital VI, L.P.
10% owner
Sold at will $223.80K 0.3%
11 Nov 2025 Cetus Capital VI, L.P.
10% owner
Sold at will $1.46M 2.1%
10 Nov 2025 Cetus Capital VI, L.P.
10% owner
Sold at will $2.62M 3.6%
6 Nov 2025 Cetus Capital VI, L.P.
10% owner
Sold at will $1.64M 2.2%
20 Oct 2025 Cetus Capital VI, L.P.
10% owner
Bought $4.03M 7.1%
14 Oct 2025 Cetus Capital VI, L.P.
10% owner
Sold at will $642.60K 1.0%