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FWRD

01Multicharts 02Comparables 03Price target

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FWRD · Forward Air Corp. fundamentals · vpside

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FWRDMarket cap $572M/Last filing 10-Q, Q2 FY26 · 5 Aug 2026/FWRDMarket cap $572M/Last filing 10-Q, Q2 FY26 · 5 Aug 2026/FWRDMarket cap $572M/Last filing 10-Q, Q2 FY26 · 5 Aug 2026/FWRDMarket cap $572M/Last filing 10-Q, Q2 FY26 · 5 Aug 2026/

Filings synced 13:22 · Prices: prior close 30 Oct

FWRD

Forward Air Corp.

Nasdaq · Arrangement of transportation of freight & cargo (SIC 4731) · FY ends 31 Dec

01Multicharts 02Comparables 03Price target

Add a metric37 metrics

Revenue, quarterly

$673M+8.8% year on year

$750M$500M$250M$0

vpside.com

Q3 ’21Q4 ’22Q1 ’24Q1 ’25Q2 ’26

Company filings · 10-Q filed 5 Aug 2026 · Q4 = FY − 9Mvpside.com

Gross margin, trailing twelve months

51.8%−5.5 pp year on year

58%56%54%52%50%

vpside.com

Q4 ’18Q1 ’19Q2 ’19Q3 ’19Q4 ’19

Company filings · 10-K filed 1 Mar 2021 · TTM = last four quartersvpside.com

Cash and cash equivalents, quarter-end

$139M+46.6% year on year

$200M$100M$0

vpside.com

Q3 ’21Q4 ’22Q1 ’24Q1 ’25Q2 ’26

Company filings · 10-Q filed 5 Aug 2026 · balance sheet, period-endvpside.com

Free cash flow, trailing twelve months

$48M+503.2% year on year

$400M$200M$0−$200M

vpside.com

Q3 ’21Q4 ’22Q1 ’24Q1 ’25Q2 ’26

Company filings · 10-Q filed 5 Aug 2026 · TTM = last four quartersvpside.com

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Fundamentals: company filings · Q4 = full year − nine months · TTM = last four quarters