FWRD Q4 2022 Earnings — Forward Air Corporation Revenue & Financial Results | Market Cap Arena

FWRDForward Air Corporation

$706M

Q4 2022 Earnings

Industrials Integrated Freight & Logistics

Income Statement

Revenue

$481M+4.6% YoY

Gross Profit

$139M28.8% margin

Operating Income

$61M12.8% margin

Net Income

$43M8.9% margin

EPS (Diluted)

$1.60

QoQ Revenue Growth

-5.7%

Cash Flow

Operating Cash Flow

$62M

Free Cash Flow

$47M

Stock-Based Comp.

$3M

Balance Sheet

Total Assets

$1.2B

Total Liabilities

$501M

Stockholders' Equity

$707M

Cash & Equivalents

$46M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$481M	$460M	+4.6%
Gross Profit	$139M	$112M	+23.2%
Operating Income	$61M	$52M	+18.2%
Net Income	$43M	$40M	+6.1%

Revenue Segments

Expedited Freight Segment

$373M77%

Intermodal Segment

$108M23%