Forward Air Corporation (FWRD): Price and Financial Metrics

FWRD POWR Grades

• FWRD scores best on the Growth dimension, with a Growth rank ahead of 95.62% of US stocks.
• The strongest trend for FWRD is in Growth, which has been heading up over the past 179 days.
• FWRD's current lowest rank is in the Value metric (where it is better than 45.01% of US stocks).

FWRD Stock Summary

• The capital turnover (annual revenue relative to shareholder's equity) for FWRD is 2.8 -- better than 82.38% of US stocks.
• With a year-over-year growth in debt of 31.59%, Forward Air Corp's debt growth rate surpasses 78.53% of about US stocks.
• In terms of twelve month growth in earnings before interest and taxes, Forward Air Corp is reporting a growth rate of 232.1%; that's higher than 91.12% of US stocks.
• Stocks that are quantitatively similar to FWRD, based on their financial statements, market capitalization, and price volatility, are XELB, ATNI, TCBK, CSTR, and FMNB.
• Visit FWRD's SEC page to see the company's official filings. To visit the company's web site, go to www.forwardair.com.

FWRD Valuation Summary

• FWRD's price/sales ratio is 1.7; this is 48.48% lower than that of the median Industrials stock.
• FWRD's EV/EBIT ratio has moved up 18.6 over the prior 243 months.
• Over the past 243 months, FWRD's price/earnings ratio has gone up 22.

Below are key valuation metrics over time for FWRD.

FWRD Growth Metrics

The year over year net income to common stockholders growth rate now stands at -65.56%.
• The 4 year price growth rate now stands at 2.67%.
• The 3 year net income to common stockholders growth rate now stands at 45.24%.

FWRD's revenue has moved up $602,933,000 over the prior 52 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
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
2021-03-31	1,326.218	65.511	26.539
2020-12-31	1,269.573	84.666	23.733
2020-09-30	1,337.688	113.691	52.343

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.