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Calendar
FWRD
Forward Air Corporation
$706M
Q2 2025 Earnings
Industrials
Integrated Freight & Logistics
Income Statement
Revenue
$619M
-3.9% YoY
Gross Profit
$115M
18.6% margin
Operating Income
$20M
3.2% margin
Net Income
-$13M
-2.0% margin
EPS (Diluted)
$-0.41
QoQ Revenue Growth
+0.9%
Cash Flow
Operating Cash Flow
-$13M
Free Cash Flow
-$18M
Stock-Based Comp.
$5M
Balance Sheet
Total Assets
$2.8B
Total Liabilities
$2.5B
Stockholders' Equity
$152M
Cash & Equivalents
$95M
Year-over-Year Comparison
Metric
Current
Year Ago
Change
Revenue
$619M
$644M
-3.9%
Gross Profit
$115M
$77M
+49.1%
Operating Income
$20M
-$1.1B
+101.8%
Net Income
-$13M
-$645M
+98.1%
Revenue Segments
Expedited Freight Segment
$258M
81%
Intermodal Segment
$59M
19%
← FY 2025
All Quarters
Q3 2025 →
FWRD Q2 2025 Earnings — Forward Air Corporation Revenue & Financial Results | Market Cap Arena