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Forward Air Corporation FWRD NASDAQ

NASDAQ Global Select • Industrials • Integrated Freight & Logistics • US • USD

SharesGrow Score
44/100
1/7 Pass
SharesGrow Intrinsic Value
N/A
Negative cash flow
Analyst Price Target
$37.00
+94.3%

Forward Air Corporation (FWRD) reported total assets of $2.74B and total liabilities of $2.58B for fiscal year 2025, resulting in total equity of $161.66M.

The company held $106M in cash and short-term investments. Total debt stood at $2.16B, with net debt of $2.05B. The Debt-to-Equity (D/E) ratio was 13.36 (leveraged).

Current ratio is 1.22, suggesting adequate short-term liquidity. Interest coverage is 0.2x (weak).

Criteria supported by this page:

  • HEALTH (17/100, Fail) — the balance sheet shows elevated risk in debt or liquidity metrics
  • MOAT (32/100) — Total assets $2.74B and equity $161.66M support the company's competitive scale
  • VALUE (100/100) — Debt-to-Equity 13.36 contributes to the overall valuation risk assessment

Overall SharesGrow Score: 44/100 with 1/7 criteria passed.

SharesGrow 7-Criteria Score
44/100
SG Score
View full scorecard →
VALUE
100/100
Price-to-Earnings & upside
→ Valuation
~
FUTURE
52/100
Analyst consensus
→ Forecast
~
PAST
50/100
→ Income
HEALTH
17/100
Debt-to-Equity & liquidity
Proven by this page
MOAT
32/100
→ Income
~
GROWTH
48/100
→ Income
INCOME
10/100
→ Income
Forward Air Corporation Balance Sheet History
Metric FY2025 FY2024 FY2023 FY2022
Total Assets $2.74B$2.8B$2.98B$1.21B
Total Liabilities $2.58B$2.52B$2.22B$500.83M
Total Debt $2.16B$2.15B$1.95B$277.85M
Cash & Investments $106M$104.9M$121.97M$45.82M
Total Stockholders Equity $113.34M$201.73M$764.26M$707.24M
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