Forward Air Corporation (FWRD): Price and Financial Metrics

FWRD POWR Grades

• FWRD scores best on the Momentum dimension, with a Momentum rank ahead of 84.45% of US stocks.
• FWRD's strongest trending metric is Quality; it's been moving up over the last 177 days.
• FWRD's current lowest rank is in the Sentiment metric (where it is better than 18.44% of US stocks).

FWRD Stock Summary

• The capital turnover (annual revenue relative to shareholder's equity) for FWRD is 2.86 -- better than 81.98% of US stocks.
• Over the past twelve months, FWRD has reported earnings growth of 169.67%, putting it ahead of 91.05% of US stocks in our set.
• The volatility of FORWARD AIR CORP's share price is greater than that of just 15.56% US stocks with at least 200 days of trading history.
• Stocks with similar financial metrics, market capitalization, and price volatility to FORWARD AIR CORP are NATR, WYY, GNLN, AAN, and UHS.
• FWRD's SEC filings can be seen here. And to visit FORWARD AIR CORP's official web site, go to www.forwardair.com.

FWRD Valuation Summary

• In comparison to the median Industrials stock, FWRD's price/sales ratio is 7.69% higher, now standing at 1.4.
• FWRD's EV/EBIT ratio has moved down 0.3 over the prior 243 months.

Below are key valuation metrics over time for FWRD.

FWRD Growth Metrics

Its 3 year revenue growth rate is now at 31.9%.
• The 5 year price growth rate now stands at -10.66%.
• Its year over year net cashflow from operations growth rate is now at 163.67%.

FWRD's revenue has moved up $541,737,000 over the prior 33 months.

The table below shows FWRD's growth in key financial areas (numbers in millions of US dollars).

Date	Revenue	Operating Cash Flow	Net Income to Common Stock
2022-09-30	1,952.132	241.225	190.714
2022-06-30	1,861.734	200.322	162.117
2022-03-31	1,767.186	172.736	137.364
2021-12-31	1,662.427	120.261	105.859
2021-09-30	1,552.839	88.113	60.951
2021-06-30	1,465.211	62.168	54.062

FWRD's Quality Factors

The “Quality” component of the POWR Ratings focuses on 31 different factors of a companies fundamentals and operational strength. Here are some key insights as we drill into the specifics of these quality attributes.

• FWRD has a Quality Grade of C, ranking ahead of 57.51% of graded US stocks.
• FWRD's asset turnover comes in at 1.398 -- ranking 19th of 137 Transportation stocks.
• PTSI, ULH, and PATI are the stocks whose asset turnover ratios are most correlated with FWRD.

The table below shows FWRD's key quality metrics over time.