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
Forward Air Corporation (FWRD) - Total Assets
Latest total assets as of December 2025: $2.72 Billion USD
Based on the latest financial reports, Forward Air Corporation (FWRD) holds total assets worth $2.72 Billion USD as of December 2025.
Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments.
Forward Air Corporation - Total Assets Trend (1993–2025)
This chart illustrates how Forward Air Corporation’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Forward Air Corporation - Asset Composition Analysis
Current Asset Composition (December 2025)
Forward Air Corporation's total assets of $2.72 Billion consist of 19.2% current assets and 80.8% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 3.9% |
| Accounts Receivable | $349.71 Million | 12.9% |
| Inventory | $0.00 | 0.0% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $906.79 Million | 33.4% |
| Goodwill | $522.71 Million | 19.2% |
Asset Composition Trend (1993–2025)
This chart illustrates how Forward Air Corporation's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Forward Air Corporation's current assets represent 19.2% of total assets in 2025, a decrease from 36.7% in 1993.
- Cash Position: Cash and equivalents constituted 3.9% of total assets in 2025, down from 8.6% in 1993.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 52.0% of total assets, an increase from 0.0% in 1993.
- Asset Diversification: The largest asset category is intangible assets at 33.4% of total assets.
Forward Air Corporation Competitors by Total Assets
Key competitors of Forward Air Corporation based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Citic Offshore Helicopter Co Ltd
SHE:000099
|
China | CN¥7.38 Billion |
|
CJ Korea Express
KO:000120
|
Korea | ₩10.35 Trillion |
|
Guangdong Jushen Logistics Co Ltd
SHE:001202
|
China | CN¥1.87 Billion |
|
Yongtaiyun Chemical Logistics Co.Ltd
SHE:001228
|
China | CN¥4.22 Billion |
|
San Yang Ma (Chongqing) Logistics Co.Ltd.
SHE:001317
|
China | CN¥1.90 Billion |
|
YUNDA Holding Co Ltd
SHE:002120
|
China | CN¥36.46 Billion |
|
Hanjin Transportation Co. Ltd.
KO:002320
|
Korea | ₩4.33 Trillion |
|
S.F. Holding Co. Ltd
SHE:002352
|
China | CN¥217.93 Billion |
Forward Air Corporation - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Strong asset utilization - Forward Air Corporation generates 0.92x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Forward Air Corporation is currently not profitable relative to its asset base.
Forward Air Corporation - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 1.22 | 1.23 | 1.47 |
| Quick Ratio | 1.22 | 1.23 | 1.47 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $92.68 Million | $ 88.45 Million | $ 78.85 Million |
Forward Air Corporation - Advanced Valuation Insights
This section examines the relationship between Forward Air Corporation's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 6.07 |
| Latest Market Cap to Assets Ratio | 0.13 |
| Asset Growth Rate (YoY) | -3.0% |
| Total Assets | $2.72 Billion |
| Market Capitalization | $351.03 Million USD |
Valuation Analysis
Below Book Valuation: The market values Forward Air Corporation's assets below their book value (0.13 x), which may indicate investor concerns about asset quality or future growth.
Slight Asset Contraction: Forward Air Corporation's assets decreased by 3.0% over the past year, which may reflect streamlining or optimization of resources.
Annual Total Assets for Forward Air Corporation (1993–2025)
The table below shows the annual total assets of Forward Air Corporation from 1993 to 2025.
| Year | Total Assets | Change |
|---|---|---|
| 2025-12-31 | $2.72 Billion | -2.99% |
| 2024-12-31 | $2.80 Billion | -5.94% |
| 2023-12-31 | $2.98 Billion | +146.63% |
| 2022-12-31 | $1.21 Billion | +8.07% |
| 2021-12-31 | $1.12 Billion | +6.72% |
| 2020-12-31 | $1.05 Billion | +5.70% |
| 2019-12-31 | $990.88 Million | +30.34% |
| 2018-12-31 | $760.22 Million | +10.54% |
| 2017-12-31 | $687.72 Million | +7.24% |
| 2016-12-31 | $641.29 Million | -8.41% |
| 2015-12-31 | $700.17 Million | +29.23% |
| 2014-12-31 | $541.80 Million | +7.02% |
| 2013-12-31 | $506.27 Million | +26.83% |
| 2012-12-31 | $399.19 Million | +17.01% |
| 2011-12-31 | $341.15 Million | -2.19% |
| 2010-12-31 | $348.80 Million | +10.16% |
| 2009-12-31 | $316.64 Million | +2.96% |
| 2008-12-31 | $307.53 Million | +27.14% |
| 2007-12-31 | $241.88 Million | +13.55% |
| 2006-12-31 | $213.01 Million | +0.19% |
| 2005-12-31 | $212.60 Million | -0.91% |
| 2004-12-31 | $214.55 Million | +22.54% |
| 2003-12-31 | $175.09 Million | +20.33% |
| 2002-12-31 | $145.51 Million | +6.24% |
| 2001-12-31 | $136.96 Million | +18.10% |
| 2000-12-31 | $115.97 Million | +45.66% |
| 1999-12-31 | $79.62 Million | +40.15% |
| 1998-12-31 | $56.81 Million | -51.99% |
| 1997-12-31 | $118.33 Million | +19.44% |
| 1996-12-31 | $99.07 Million | +0.79% |
| 1995-12-31 | $98.30 Million | +26.03% |
| 1994-12-31 | $78.00 Million | +59.18% |
| 1993-12-31 | $49.00 Million | -- |