Forward Air Corporation (FWRD) - Total Assets
Based on the latest financial reports, Forward Air Corporation (FWRD) holds total assets worth $2.70 Billion USD as of March 2026. 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. Explore FWRD debt coverage from operations to assess how comfortably operating cash covers total debt obligations.
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. See FWRD net assets for net asset value and shareholders' equity analysis.
Forward Air Corporation - Asset Composition Analysis
Current Asset Composition (December 2025)
Forward Air Corporation's total assets of $2.70 Billion consist of 19.0% current assets and 81.0% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 3.9% |
| Accounts Receivable | $349.71 Million | 12.7% |
| Inventory | $0.00 | 0.0% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $906.79 Million | 33.0% |
| Goodwill | $522.71 Million | 19.0% |
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. For live market cap, price, and company overview, see how much is Forward Air Corporation worth.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Forward Air Corporation's current assets represent 19.0% 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 33.0% 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 |
|---|---|---|
|
DSV Panalpina A/S
CO:DSV
|
Denmark | Dkr290.37 Billion |
|
Hyundai Glovis
KO:086280
|
Korea | ₩19.87 Trillion |
|
Dalrymple Bay Infrastructure Ltd
AU:DBI
|
Australia | AU$3.55 Billion |
|
Maritima De In
SN:MARINSA
|
Chile | CL$340.18 Billion |
|
Silk Logistics Holdings Ltd
AU:SLH
|
Australia | AU$558.76 Million |
|
QUBE Holdings Ltd
AU:QUB
|
Australia | AU$6.73 Billion |
|
K & S Corporation Ltd
AU:KSC
|
Australia | AU$694.73 Million |
|
Steamships Trading Company Ltd
AU:SST
|
Australia | AU$1.92 Billion |
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 | 1.23 | 1.13 | 1.75 |
| Quick Ratio | 1.23 | 1.13 | 1.75 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $100.46 Million | $55.10 Million | $127.74 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 | 4.76 |
| Latest Market Cap to Assets Ratio | 0.15 |
| Asset Growth Rate (YoY) | -2.1% |
| Total Assets | $2.74 Billion |
| Market Capitalization | $407.96 Million USD |
Valuation Analysis
Below Book Valuation: The market values Forward Air Corporation's assets below their book value (0.15x), which may indicate investor concerns about asset quality or future growth.
Slight Asset Contraction: Forward Air Corporation's assets decreased by 2.1% 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 | $2.74 Billion | -2.06% |
| 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 | -- |
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