FWRD Q3 2021 Earnings — Forward Air Corporation Revenue & Financial Results | Market Cap Arena

FWRDForward Air Corporation

$610M

Q3 2021 Earnings

Industrials Integrated Freight & Logistics

Income Statement

Revenue

$420M+26.4% YoY

Gross Profit

$95M22.7% margin

Operating Income

$42M10.1% margin

Net Income

$24M5.6% margin

EPS (Diluted)

$0.86

QoQ Revenue Growth

-0.2%

Cash Flow

Operating Cash Flow

$43M

Free Cash Flow

$29M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$1.1B

Total Liabilities

$515M

Stockholders' Equity

$556M

Cash & Equivalents

$52M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$420M	$332M	+26.4%
Gross Profit	$95M	$63M	+51.8%
Operating Income	$42M	$24M	+80.7%
Net Income	$24M	$17M	+41.4%

Revenue Segments

Expedited Freight Segment

$342M81%

Intermodal Segment

$78M19%