Forward Air Corp (FWRD) Stock Forecast Oct. 14, 2026
Analysis updated on Oct. 14, 2026 (UTC) · Alpha · vs marketSwitch to Total · Nasdaq
Forward Air Corp (FWRD) stock forecast summary
Our AI ranks Forward Air Corp outside the neutral middle of its coverage (a directional signal). Create a free account and follow it to see the exact price target.
Forward Air Corp is a small-cap company with a market capitalization of $526M. It ranks number 4 by market capitalization among the 7 Arrangement of Transportation of Freight & Cargo issuers in our coverage with a current forecast.
A per-ticker accuracy statistic for FWRD is published only once its sample size is known. Across our coverage, the out-of-sample test on 4537 stocks from 2025-01-06 to 2026-06-09 produced a positive net return in 73.7% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
Expected return relative to the market over the horizon: a positive alpha means the model expects the stock to beat the market, whatever the market does. Ratings: strong buy ≥ +1.3%, buy ≥ +0.5%, sell < -0.5%, strong sell < -1.6% (top 15%, next 20%, middle 30%, next 20%, bottom 15% of the 2026-10-13 signals)
A free account shows the exact forecast, rating and rank of 3 tickers you follow, FWRD included.
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How FWRD ranks among 5379 stocks
90D Alpha forecasts of every company scored, cut into five relative ratings at the 15th, 35th, 65th and 85th percentiles (dashed lines).
Forward Air Corp (FWRD) fundamentals
Trailing twelve months. The industry median and the rank (1 = highest) are taken over the Arrangement of Transportation of Freight & Cargo peers listed below that report each metric.
Valuation & Market
| Metric | FWRD | Rank |
|---|---|---|
| Market Cap | $526M | 4/7 |
| EPS | $-8.89 | – |
| Revenue/Share | $74.54 | – |
| FCF/Share | $1.43 | – |
Profitability & Margins
| Metric | FWRD | Rank |
|---|---|---|
| ROA | -11.9% | 5/5 |
| ROIC | -8.6% | 5/5 |
| Operating Margin | -6.7% | 5/6 |
| Net Margin | -11.4% | 5/5 |
| EBT Margin | -13.9% | 5/6 |
| Tax Rate | 1.9% | – |
Financial Health
| Metric | FWRD | Rank |
|---|---|---|
| Current Ratio | 1.32x | 5/6 |
| Interest Coverage | -0.0x | 4/7 |
| Working Capital | $142M | 4/6 |
Cash Flow
| Metric | FWRD | Rank |
|---|---|---|
| Operating Cash Flow | $71M | 4/6 |
| Free Cash Flow | $48M | 4/5 |
| Capital Spending | -$23M | 2/5 |
| OCF Growth YoY | 73.7% | 1/5 |
| FCF Growth YoY | 643.8% | 1/5 |
| FCF/Sales | 1.9% | 4/5 |
| CapEx/Sales | 0.9% | 3/5 |
Operational Efficiency
| Metric | FWRD | Rank |
|---|---|---|
| Asset Turnover | 1.04x | 4/5 |
| Receivables Turnover | 6.8x | – |
| Fixed Assets Turnover | 9.2x | 3/5 |
| Days Sales Outstanding | 54 days | – |
Income Statement
| Metric | FWRD | Rank |
|---|---|---|
| Total Revenue | $2.52B | 4/5 |
| Operating Income | -$168M | 6/6 |
| Net Income | -$286M | 5/5 |
Dividend & Shareholder Information
| Metric | FWRD | Rank |
|---|---|---|
| Shares Outstanding | 34M | – |
Balance Sheet Highlights (USD millions)
| Total Current Assets | $583M | 24.2% of assets |
| Cash & Short-term Investments | $139M | 5.8% of assets |
| Accounts Receivable | $369M | 15.3% of assets |
| Total Liabilities | $2.53B | 105.1% of assets |
| Short-term Debt | $323M | 13.4% of assets |
FWRD quarterly financials and insider trading
Forward Air Corp (FWRD) industry peers
Companies classified under the same SEC industry code as Forward Air Corp (Arrangement of Transportation of Freight & Cargo): 9 common-stock issuers with a forecast this week, one row per issuer, largest first. This is a classification match, not a curated list of competitors.
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Sign up free| Company | 90-Day AI Forecast (Alpha) | Market Cap |
|---|---|---|
| FWRD Forward Air Corp | ▲ | $526M |
| EXPD Expeditors International Of Washington Inc | ▶ | $25.37B |
| BCO Brinks Co | ▼ | $4.29B |
| HUBG Hub Group, Inc. | ▲ | $1.61B |
| RLGT Radiant Logistics, Inc | ▲ | $424M |
| CRGO Freightos Ltd | ▶ | $42M |
| SGLY Singularity Future Technology Ltd. | ▼ | $360K |
| FRGT Freight Technologies, Inc. | ▼ | N/A |
| JYD Jayud Global Logistics Ltd | ▼ | N/A |
Where FWRD sits on the market map
Forward Air Corp (FWRD) stock news
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Forward Air Corp (FWRD) stock forecast FAQ
What is the Forward Air Corp (FWRD) stock forecast?
Our AI ranks Forward Air Corp outside the neutral middle of its coverage (a directional signal). Create a free account and follow it to see the exact price target.
How accurate are Forward Air Corp stock predictions?
A per-ticker accuracy statistic for FWRD is published only once its sample size is known. Across our coverage, the out-of-sample test on 4537 stocks from 2025-01-06 to 2026-06-09 produced a positive net return in 73.7% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
How often are Forward Air Corp forecasts updated?
Forward Air Corp forecasts are refreshed on trading days as the daily model run completes. The forecast on this page was produced on Oct. 14, 2026.
Which companies are Forward Air Corp's industry peers?
9 issuers in our coverage, FWRD included, share the SEC industry code Arrangement of Transportation of Freight & Cargo. The largest are: Expeditors International Of Washington Inc (EXPD), Brinks Co (BCO), Hub Group, Inc. (HUBG), Radiant Logistics, Inc (RLGT), Freightos Ltd (CRGO), Singularity Future Technology Ltd. (SGLY).
This analysis is generated automatically using our proprietary AI systems and should not be considered personalized investment advice. Past performance does not guarantee future results. Always conduct your own research and consider consulting a financial advisor before making investment decisions.