Forward Air Corporation
Forward Air Corporation, together with its subsidiaries, operates as an asset-light freight and logistics company in the United States, Mexico, Europe, Asia, and Canada. It operates through three segments: Expedited Freight, Omni Logistics, and Intermodal. The Expedited Freight segment provides expedited regional, inter-regional, and national less-than-truckload services; local pick-up and delive… Read more
Market Cap & Net Worth: Forward Air Corporation (FWRD)
Forward Air Corporation (NASDAQ:FWRD) has a market capitalization of $491.85 Million ($491.85 Million) as of March 19, 2026. Listed on the NASDAQ stock exchange, this USA-based company holds position #12059 globally and #5247 in its home market, demonstrating a -28.58% decrease in market value over the past year.
Market capitalization, also known as net worth in stock markets, is calculated by multiplying Forward Air Corporation's stock price $15.74 by its total outstanding shares 31248234 (31.25 Million).
Forward Air Corporation Market Cap History: 2015 to 2026
Forward Air Corporation's market capitalization history from 2015 to 2026. Data shows change from $1.23 Billion to $491.85 Million (-8.29% CAGR).
Index Memberships
Forward Air Corporation is a constituent of 2 market indices:
| Index | Total Market Cap | Weight (%) | Rank by Market Cap |
|---|---|---|---|
|
NASDAQ Composite
IXIC
|
$32.97 Trillion | 0.00% | #1193 of 3165 |
|
S&P Small-Cap 600 Index
SML
|
$1.35 Trillion | 0.02% | #546 of 602 |
Weight: Forward Air Corporation's market cap as a percentage of total index value. Rank: Position among all constituents by market cap.
Forward Air Corporation Market Cap to Earnings & Revenue Ratios Timeline
This chart shows how Forward Air Corporation's valuation ratios have evolved. The Price to Sales (P/S) ratio compares market cap to revenue, while the Price to Earnings (P/E) ratio compares market cap to net income. Lower values may indicate a more undervalued company relative to its financial performance.
Latest Price to Sales (P/S) Ratio
0.31x
Forward Air Corporation's market cap is 0.31 times its annual revenue
0.17x
Higher than industry averageLatest Price to Earnings (P/E) Ratio
N/A
P/E ratio not applicable due to negative or zero earnings
What These Ratios Tell Investors:
- Price to Sales (P/S) Ratio: Shows how much investors are paying for each dollar of the company's sales. Lower P/S ratios may indicate undervaluation.
- Price to Earnings (P/E) Ratio: Shows how much investors are paying for each dollar of the company's earnings. This is one of the most common valuation metrics.
- Trends in these ratios over time can indicate changing investor sentiment about the company's future growth prospects.
- Industry comparison provides context for whether the company is valued higher or lower than peers.
| Year | Market Cap (USD) | Revenue (USD) | Net Income (USD) | P/S Ratio | P/E Ratio |
|---|---|---|---|---|---|
| 2016 | $1.37 Billion | $982.53 Million | $27.67 Million | 1.39x | 49.53x |
| 2017 | $1.68 Billion | $1.10 Billion | $87.32 Million | 1.53x | 19.25x |
| 2018 | $1.62 Billion | $1.32 Billion | $92.05 Million | 1.23x | 17.63x |
| 2019 | $2.09 Billion | $1.22 Billion | $87.10 Million | 1.72x | 24.03x |
| 2020 | $2.33 Billion | $1.27 Billion | $23.73 Million | 1.83x | 98.14x |
| 2021 | $3.70 Billion | $1.39 Billion | $105.86 Million | 2.67x | 34.99x |
| 2022 | $3.24 Billion | $1.68 Billion | $193.19 Million | 1.93x | 16.76x |
| 2023 | $1.96 Billion | $1.37 Billion | $167.35 Million | 1.43x | 11.74x |
| 2024 | $1.01 Billion | $2.47 Billion | -$816.97 Million | 0.41x | N/A |
| 2025 | $781.21 Million | $2.50 Billion | -$107.80 Million | 0.31x | N/A |
Competitor Companies of FWRD by Market Capitalization
Companies near Forward Air Corporation in the global market cap rankings as of March 19, 2026.
Key companies related to Forward Air Corporation by market ranking:
- FedEx Corporation (NYSE:FDX): Ranked #272 globally with a market cap of $75.94 Billion USD.
- United Parcel Service Inc (NYSE:UPS): Ranked #294 globally with a market cap of $71.54 Billion USD.
- Deutsche Post AG (PINK:DPSTF): Ranked #559 globally with a market cap of $37.72 Billion USD.
- DSV Panalpina A/S (PINK:DSDVF): Ranked #608 globally with a market cap of $34.15 Billion USD.
| Rank | Company | Symbol | Market Cap | Price |
|---|---|---|---|---|
| #272 | FedEx Corporation | NYSE:FDX | $75.94 Billion | $349.74 |
| #294 | United Parcel Service Inc | NYSE:UPS | $71.54 Billion | $96.84 |
| #559 | Deutsche Post AG | PINK:DPSTF | $37.72 Billion | $41.23 |
| #608 | DSV Panalpina A/S | PINK:DSDVF | $34.15 Billion | $175.20 |
Forward Air Corporation Historical Marketcap From 2015 to 2026
Between 2015 and today, Forward Air Corporation's market cap moved from $1.23 Billion to $ 491.85 Million, with a yearly change of -8.29%.
| Year | Market Cap | Change (%) |
|---|---|---|
| 2026 | $491.85 Million | -37.04% |
| 2025 | $781.21 Million | -22.48% |
| 2024 | $1.01 Billion | -48.70% |
| 2023 | $1.96 Billion | -39.34% |
| 2022 | $3.24 Billion | -12.56% |
| 2021 | $3.70 Billion | +59.02% |
| 2020 | $2.33 Billion | +11.27% |
| 2019 | $2.09 Billion | +29.00% |
| 2018 | $1.62 Billion | -3.49% |
| 2017 | $1.68 Billion | +22.67% |
| 2016 | $1.37 Billion | +11.41% |
| 2015 | $1.23 Billion | -- |
End of Day Market Cap According to Different Sources
On Mar 19th, 2026 the market cap of Forward Air Corporation was reported to be:
| Source | Market Cap |
|---|---|
| Yahoo Finance | $491.85 Million USD |
| MoneyControl | $491.85 Million USD |
| MarketWatch | $491.85 Million USD |
| marketcap.company | $491.85 Million USD |
| Reuters | $491.85 Million USD |
Market cap values may vary slightly between sources due to differences in calculation methods, timing, and data refresh rates.