FWRD Q1 2025 Earnings — Forward Air Corporation Revenue & Financial Results | Market Cap Arena

FWRDForward Air Corporation

$706M

Q1 2025 Earnings

Industrials Integrated Freight & Logistics

Income Statement

Revenue

$613M+13.2% YoY

Gross Profit

$75M12.3% margin

Operating Income

$5M0.8% margin

Net Income

-$51M-8.3% margin

EPS (Diluted)

$-1.68

QoQ Revenue Growth

-3.1%

Cash Flow

Operating Cash Flow

$28M

Free Cash Flow

$16M

Stock-Based Comp.

$3M

Balance Sheet

Total Assets

$2.8B

Total Liabilities

$2.6B

Stockholders' Equity

$155M

Cash & Equivalents

$116M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$613M	$542M	+13.2%
Gross Profit	$75M	$60M	+25.3%
Operating Income	$5M	-$66M	+107.2%
Net Income	-$51M	-$62M	+17.9%

Revenue Segments

Expedited Freight Segment

$249M80%

Intermodal Segment

$62M20%