← FORWARD AIR CORP
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $982.5m |
$1.1b
+12.04%
|
$1.3b
+19.99%
|
$1.4b
+6.78%
|
$1.3b
-9.98%
|
$1.7b
+30.94%
|
$2.0b
+18.71%
|
$1.4b
-30.54%
|
$2.5b
+80.51%
|
$2.5b
+0.84%
|
$2.5b
+0.92%
|
|
| Cost of Revenue | $460.8m |
$545.1m
+18.29%
|
$613.6m
+12.57%
|
$639.0m
+4.13%
|
$650.7m
+1.82%
|
— | — | — | — | — | $2.1b | |
| Gross Profit (Calculated) | $521.7m |
$555.7m
+6.52%
|
$707.2m
+27.27%
|
$771.4m
+9.07%
|
$618.9m
-19.77%
|
— | — | — | — | — | — | |
| Interest Income (Expense), Net | — | — | — | — | — | ($4.3m) |
($5.1m)
-18.44%
|
— | — | — | — | |
| Labor and Related Expense | $242.0m | $264.7m | $300.2m | $335.2m | $270.8m | $327.8m | $348.0m | $287.6m | $536.4m | $535.7m | — | |
| Amortization of Intangible Assets | $10.1m | $10.2m | $9.1m | $11.2m | $13.5m | $14.3m | $16.0m | $16.0m | $85.9m | $92.4m | — | |
| Operating Lease, Expense | — | — | — | — | — | $79.6m | $97.1m | $87.4m | $182.2m | $204.0m | — | |
| Operating expenses: | ||||||||||||
| Operating Costs and Expenses | — | — | — | — | — | $833.1m | $906.5m | $586.2m | $1.3b | $1.2b | — | |
| Operating Income (Loss) | $60.0m |
$108.7m
+81.18%
|
$122.0m
+12.29%
|
$118.8m
-2.63%
|
$73.9m
-37.79%
|
$159.3m
+115.49%
|
$266.0m
+66.96%
|
$88.2m
-66.84%
|
($1.1b)
-1305.01%
|
$36.4m
+103.43%
|
$75.3m
+106.66%
|
|
| Interest Expense | $1.6m | $1.2m | $1.8m | $2.7m | $4.6m | — | — | $31.6m | — | — | $177.2m | |
| Fair Value, Option, Changes in Fair Value, Gain (Loss) | — | — | $455k | $33k | ($379k) | $496k | $294k | $0 | $0 | — | — | |
| Foreign Currency Transaction Gain (Loss), before Tax | — | — | — | — | $1.6m | $434k | $0 | $0 | $1.1m | ($5.9m) | — | |
| Other Nonoperating Income (Expense) | $4k | ($11k) | ($2k) | ($1k) | ($3k) | $0 | $0 | — | $1.2m | $3.0m | — | |
| Interest Expense (non-operating) | — | — | — | — | — | — | — | — | $189.2m | $180.7m | $177.2m | |
| Other Expenses | — | — | — | — | $1.6m | $434k | $0 | $0 | $1.1m | ($5.9m) | — | |
| Income (Loss) from Continuing Operations before Income Taxes, Domestic | — | — | — | $109.7m | $69.4m | $155.0m | $260.8m | $56.6m | $1.2b | ($143.6m) | ($350.9m) | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | — | — | — | $109.7m | $69.4m | $155.0m | $260.8m | $56.6m | ($1.2b) | ($147.2m) | ($350.9m) | |
| Current Income Tax Expense (Benefit) | $27.2m | $32.6m | $20.1m | $22.2m | $15.8m | $37.5m | $60.0m | $22.7m | $8.5m | $5.5m | ($6.7m) | |
| Income Tax Expense (Benefit) | $30.7m | $20.1m | $28.2m | $29.0m | $16.6m | $38.9m | $67.6m | $13.8m | ($125.0m) | ($5.5m) | ($6.7m) | |
| Net Income (Loss) Attributable to Parent | $27.7m |
$87.3m
+215.58%
|
$92.1m
+5.42%
|
$87.1m
-5.38%
|
$23.7m
-72.75%
|
$105.9m
+346.04%
|
$193.2m
+82.50%
|
$167.4m
-13.38%
|
($817.0m)
-588.18%
|
($107.8m)
+86.81%
|
($286.2m)
-165.50%
|
|
| Net Income (Loss) Available to Common Stockholders, Basic | $1 |
$1
+17.65%
|
$1
+5.00%
|
$1
+14.29%
|
$1
+4.17%
|
$1
+12.00%
|
$1
+14.29%
|
$1
0.00%
|
($837.1m)
-87201458433.33%
|
$0
+100.00%
|
($286.2m) | |
| Net Income (Loss) from Continuing Operations Available to Common Shareholders, Basic | — | — | — | $109.7m | $69.4m | $115.3m | $192.1m | $42.6m | ($837.1m) | ($107.8m) | ($286.2m) | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | — | — | — | — | — | $0 | $0 | ($314.3m) | ($33.9m) | ($286.2m) | |
| Undistributed Earnings (Loss) Allocated to Participating Securities, Basic | $212k | $700k | $881k | $945k | $385k | $737k | $1.1m | $859k | $0 | $0 | — | |
| Earnings Per Share, Basic | $0.91 | $2.90 | $3.14 | $3.06 | $0.84 | $3.87 | $7.17 | $6.42 | ($30.63) | ($3.51) | ($8.96) | |
| Earnings Per Share, Diluted | $0.90 | $2.89 | $3.12 | $3.04 | $0.84 | $3.85 | $7.14 | $6.40 | ($30.63) | ($3.51) | ($8.96) | |
| Income (Loss) from Continuing Operations, Per Basic Share | $1 | $1 | $1 | $1 | $2 | $4 | $7 | $2 | ($30) | ($4) | — | |
| Income (Loss) from Continuing Operations, Per Diluted Share | — | — | — | $109.7m | $2 | $4 | $7 | $2 | ($30) | ($4) | — | |
| Common Stock, Dividends, Per Share, Declared | $0.51 | $0.60 | $0.63 | $0.72 | $0.75 | $0.84 | $0.96 | $0.96 | $0.00 | $0.00 | — | |
| Weighted Average Number of Shares Outstanding, Basic | 30.3m | 29.9m | 29.1m | 28.2m | 27.6m | 27.2m | 26.8m | 25.9m | 27.5m | 30.7m | 31.6m | |
| Weighted Average Number of Shares Outstanding, Diluted | 30.4m | 30.0m | 29.2m | 28.3m | 27.7m | 27.3m | 26.9m | 26.0m | 27.5m | 30.7m | 31.6m | |
| Additional Financial Items | ||||||||||||
| Capitalized Computer Software, Amortization | $1.7m | $1.8m | $1.9m | $1.9m | $2.1m | $2.4m | $2.6m | $2.9m | $3.4m | — | — | |
| Fuel Costs | $13.2m | $16.5m | $23.1m | $24.2m | $12.2m | $17.0m | $27.6m | $22.0m | $21.5m | $20.1m | — | |
| Goodwill, Impairment Loss | $25.7m | — | — | — | — | — | — | — | $1.0b | $0 | $244.0m | |
| Operating Insurance and Claims Costs, Production | $25.4m | $29.6m | $35.2m | $45.4m | $34.9m | $42.2m | $49.8m | $50.1m | $64.7m | $59.0m | — | |
| Other Cost and Expense, Operating | $87.4m | $98.3m | $108.8m | $123.6m | $120.3m | $163.8m | $231.1m | $191.8m | $309.5m | $242.8m | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | — | — | — | $109.7m | $52.8m | $116.1m | $193.2m | $42.8m | ($1.1b) | $147.2m | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | — | — | — | — | $0 | $0 | $314.3m | ($141.7m) | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | — | — | — | — | $0 | $0 | $314.3m | $0 | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | — | — | $3.5m | $4.8m | ($29.0m) | ($10.2m) | $0 | $124.5m | ($6.4m) | $0 | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.