Forward Air Corporation (NASDAQ:FWRD) — Market Cap & Net Worth
Market Cap & Net Worth: Forward Air Corporation (FWRD)
Forward Air Corporation (NASDAQ:FWRD) has a market capitalization of $520.56 Million ($520.56 Million) as of September 18, 2026. Listed on the NASDAQ stock exchange, this USA-based company holds position #12114 globally and #3042 in its home market, demonstrating a -5.92% 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 $15.41 by its total outstanding shares 33780862 (33.78 Million). Also see FWRD total asset value for a full breakdown of the balance sheet.
Forward Air Corporation Market Cap History: 2015 to 2026
Forward Air Corporation's market capitalization history from 2015 to 2026. Data shows change from $1.33 Billion to $520.56 Million (-8.10% CAGR). Also see FWRD operating cash flow for how efficiently the company converts equity into cash flow.
Index Memberships
Forward Air Corporation is a constituent of 2 market indices:
| Index | Total Market Cap | Weight (%) | Rank by Market Cap |
|---|---|---|---|
|
NASDAQ Composite
IXIC
|
$41.95 Trillion | 0.00% | #1208 of 3165 |
|
S&P Small-Cap 600 Index
SML
|
$1.61 Trillion | 0.02% | #545 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. Check Forward Air Corporation (FWRD) share price today for real-time trading data and today's change.
Latest Price to Sales (P/S) Ratio
0.34x
Forward Air Corporation's market cap is 0.34 times its annual revenue
Latest 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 | $1.48 Billion | $982.53 Million | $27.67 Million | 1.51x | 53.55x |
| 2017 | $1.82 Billion | $1.10 Billion | $87.32 Million | 1.65x | 20.81x |
| 2018 | $1.75 Billion | $1.32 Billion | $92.05 Million | 1.33x | 19.06x |
| 2019 | $2.26 Billion | $1.22 Billion | $87.10 Million | 1.86x | 25.98x |
| 2020 | $2.52 Billion | $1.27 Billion | $23.73 Million | 1.98x | 106.09x |
| 2021 | $4.00 Billion | $1.39 Billion | $105.86 Million | 2.89x | 37.82x |
| 2022 | $3.50 Billion | $1.68 Billion | $193.19 Million | 2.08x | 18.12x |
| 2023 | $2.12 Billion | $1.37 Billion | $167.35 Million | 1.55x | 12.69x |
| 2024 | $1.09 Billion | $2.47 Billion | -$816.97 Million | 0.44x | N/A |
| 2025 | $844.52 Million | $2.50 Billion | -$107.80 Million | 0.34x | N/A |
Competitor Companies of FWRD by Market Capitalization
Companies near Forward Air Corporation in the global market cap rankings as of September 18, 2026. Review how tangible is Forward Air Corporation's equity to assess the quality of the company's equity after excluding intangible assets.
Key companies related to Forward Air Corporation by market ranking:
- United Parcel Service Inc (NYSE:UPS): Ranked #369 globally with a market cap of $75.06 Billion USD.
- FedEx Corporation (NYSE:FDX): Ranked #384 globally with a market cap of $72.99 Billion USD.
- Deutsche Post AG (XETRA:DHL): Ranked #485 globally with a market cap of $56.42 Billion USD ( €48.26 Billion EUR).
- DSV ADR 2 DK 1 (F:DS8): Ranked #527 globally with a market cap of $52.08 Billion USD ( €44.55 Billion EUR).
| Rank | Company | Symbol | Market Cap | Price |
|---|---|---|---|---|
| #369 | United Parcel Service Inc | NYSE:UPS | $75.06 Billion | $100.17 |
| #384 | FedEx Corporation | NYSE:FDX | $72.99 Billion | $305.88 |
| #485 | Deutsche Post AG | XETRA:DHL | $56.42 Billion | €56.50 |
| #527 | DSV ADR 2 DK 1 | F:DS8 | $52.08 Billion | €112.00 |
Forward Air Corporation Historical Marketcap From 2015 to 2026
Between 2015 and today, Forward Air Corporation's market cap moved from $1.33 Billion to $ 520.56 Million, with a yearly change of -8.10%.
| Year | Market Cap | Change (%) |
|---|---|---|
| 2026 | $520.56 Million | -38.36% |
| 2025 | $844.52 Million | -22.48% |
| 2024 | $1.09 Billion | -48.70% |
| 2023 | $2.12 Billion | -39.34% |
| 2022 | $3.50 Billion | -12.56% |
| 2021 | $4.00 Billion | +59.02% |
| 2020 | $2.52 Billion | +11.27% |
| 2019 | $2.26 Billion | +29.00% |
| 2018 | $1.75 Billion | -3.49% |
| 2017 | $1.82 Billion | +22.67% |
| 2016 | $1.48 Billion | +11.41% |
| 2015 | $1.33 Billion | -- |
End of Day Market Cap According to Different Sources
On Sep 18th, 2026 the market cap of Forward Air Corporation was reported to be:
| Source | Market Cap |
|---|---|
| Yahoo Finance | $520.56 Million USD |
| MoneyControl | $520.56 Million USD |
| MarketWatch | $520.56 Million USD |
| marketcap.company | $520.56 Million USD |
| Reuters | $520.56 Million USD |
Market cap values may vary slightly between sources due to differences in calculation methods, timing, and data refresh rates.
About 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. The company operates through three segments: Expedited Freight, Omni Logistics, and Intermodal. Its Expedited Freight segment provides expedited regional, inter-regional, and national less-than-truckload services; local pick-up a… Read more