FWRD FY 2023 Earnings — Forward Air Corporation Revenue & Financial Results | Market Cap Arena

FWRDForward Air Corporation

$706M

FY 2023 Earnings

Industrials Integrated Freight & Logistics

Income Statement

Revenue

$1.4B-18.4% YoY

Gross Profit

$330M24.1% margin

Operating Income

$88M6.4% margin

Net Income

$167M12.2% margin

EPS (Diluted)

$0.43

Cash Flow

Operating Cash Flow

$181M

Free Cash Flow

$151M

Stock-Based Comp.

$11M

Balance Sheet

Total Assets

$3.0B

Total Liabilities

$2.2B

Stockholders' Equity

$764M

Cash & Equivalents

$122M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.4B	$1.7B	-18.4%
Gross Profit	$330M	$492M	-32.9%
Operating Income	$88M	$248M	-64.4%
Net Income	$167M	$193M	-13.4%