Forward Air Corporation Common Stock (FWRD)

FairStock Score: 34/100 — RISKY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look for businesses that earn high returns on capital, carry modest debt, and sell at a discount to conservative value. Forward Air fails most of those tests today. In fiscal 2023, the company earned $167.4 million, or $6.40 per diluted share, but in fiscal 2024 it lost $817.0 million, and in fiscal 2025 it still lost $107.8 million, or $3.51 per share. The latest reported period, fiscal Q2 2026 ended 2026-06-30, was worse: revenue of $673.0 million produced a net loss of $207.3 million, or $6.38 per diluted share. The prior quarter, fiscal Q1 2026, also lost $34.3 million. That is not a stable earnings record; it is a violent swing from profit to distress.

In plain English: Forward Air is a freight and logistics company that moves goods for customers. The business looks weak right now: it lost a lot of money in the latest quarter and in the last two full years, even though it still produces some cash. At the recent price, the stock does not look clearly cheap compared with the company's assets and losses.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer