FWRD Q4 2025 Earnings — Forward Air Corporation Revenue & Financial Results | Market Cap Arena

FWRDForward Air Corporation

$706M

Q4 2025 Earnings

Industrials Integrated Freight & Logistics

Income Statement

Revenue

$631M-0.3% YoY

Gross Profit

$305M48.4% margin

Operating Income

-$3M-0.5% margin

Net Income

-$28M-4.5% margin

EPS (Diluted)

$-0.91

QoQ Revenue Growth

-0.1%

Cash Flow

Operating Cash Flow

-$23M

Free Cash Flow

-$31M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$2.7B

Total Liabilities

$2.6B

Stockholders' Equity

$113M

Cash & Equivalents

$106M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$631M	$633M	-0.3%
Gross Profit	$305M	$92M	+232.5%
Operating Income	-$3M	-$3M	+10.7%
Net Income	-$28M	-$36M	+22.2%