FWRD Forward Air

Forward Air Corporation is a leading asset-light freight and logistics company. It provides LTL, final mile, truckload, intermodal drayage and pool distribution services across the United States and in Canada. Headquartered in Greeneville, Tennessee, Forward operates approximately 200 facilities across the country and employs more than 5,200 people nationwide. It is more than a transportation company. As a single resource for your shipping needs, Forward is your supply chain partner.

FWRD stock data



3 May 21
4 Aug 21
31 Dec 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Forward Air earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 24.4M 24.4M 24.4M 24.4M 24.4M 24.4M
Cash burn (monthly) 5.29M 4.4M (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) 21.88M 18.23M n/a n/a n/a n/a
Cash remaining 2.52M 6.17M n/a n/a n/a n/a
Runway (months of cash) 0.5 1.4 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
14 Jun 21 Campbell C Robert Dividend Equivalent Rights Common Stock Grant Aquire A No No 0 12.338 0 775.028
14 Jun 21 Allen Ronald W Dividend Equivalent Rights Common Stock Grant Aquire A No No 0 13.375 0 91.137
14 Jun 21 Bonebrake Valerie A Dividend Equivalent Rights Common Stock Grant Aquire A No No 0 13.375 0 91.137
14 Jun 21 George S Mayes JR Common Stock Buy Aquire P No No 91.53 500 45.77K 2,177
20 May 21 George S Mayes JR Common Stock Grant Aquire A No No 0 1,230 0 1,677
12 May 21 Bonebrake Valerie A Common Stock Gift Dispose G No No 0 500 0 7,825

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

96.9% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 201 195 +3.1%
Opened positions 28 25 +12.0%
Closed positions 22 22
Increased positions 57 52 +9.6%
Reduced positions 84 90 -6.7%
13F shares
Current Prev Q Change
Total value 4.84B 2.07B +133.5%
Total shares 26.46M 26.98M -1.9%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
BLK Blackrock 4.43M $393.38M +0.1%
Vanguard 2.87M $254.76M +1.5%
Ancora Advisors 1.75M $155.75M +16.3%
ArrowMark Colorado 1.32M $117.1M -25.9%
ATAC Neuberger Berman 1.25M $111.25M +8.6%
Clearbridge Advisors 1.11M $98.51M +3.1%
Dimensional Fund Advisors 1.04M $92.78M -6.1%
STT State Street 966.12K $85.8M +3.1%
Victory Capital Management 948.52K $84.24M -8.5%
SAMG Silvercrest Asset Management 910.35K $80.85M -11.0%
Largest transactions
Shares Bought/sold Change
ArrowMark Colorado 1.32M -460.82K -25.9%
Cardinal Capital Management 392.62K +392.62K NEW
Norges Bank 0 -363.97K EXIT
Ancora Advisors 1.75M +246.25K +16.3%
JPM JPMorgan Chase & Co. 247.27K +119.48K +93.5%
SAMG Silvercrest Asset Management 910.35K -112.84K -11.0%
Boston Trust Walden 256.28K -107.52K -29.6%
ATAC Neuberger Berman 1.25M +99.18K +8.6%
Victory Capital Management 948.52K -88.25K -8.5%
Dalton Greiner Hartman Maher & Co 8.41K -74.03K -89.8%

Financial report summary

Content analysis
H.S. freshman Avg
New words: accident, accumulated, advisory, airport, Albany, anticipate, area, Atlanta, attainment, audited, benchmark, benchmarking, Biden, buyer, carryforward, Chicago, clarity, climate, commencement, concluded, corroborated, Counterparty, cybersecurity, defense, discretion, earned, embrace, encounter, evidence, expertise, fairly, FAS, feedback, foreseeable, full, gain, guide, Hall, headquartered, identical, iii, Incentive, inorganic, Interbank, introduce, lapse, Layer, liable, London, mapped, Michael, mileage, mix, month, mutually, NaN, negligent, Noncurrent, observable, obtained, orderly, oversee, par, pertaining, portfolio, precision, President, prioritization, prioritizing, Proficient, quoted, read, realize, realized, recognition, recovered, reimbursed, reimbursement, relevant, requested, respond, Retained, retired, role, Rounding, SASB, short, Shortly, Southeastern, staffed, stakeholder, summation, Tangible, taxable, tight, TOG, TSA, unearned, unobservable, unrecognized, unvested, vaccine, vision, widely
Removed: abandon, absence, acceleration, accessing, accounted, actively, actuary, add, addressing, adequate, adequately, adhere, aerodynamic, Agency, Aid, allocation, aluminum, amid, anniversary, annually, appointed, approach, Article, aspect, assigned, ASU, authority, authorization, automatic, automatically, aware, bad, Baltimore, bank, bankruptcy, begin, book, borrow, breach, broad, broader, build, busing, cancel, capitalization, caption, carefully, cargo, case, category, celebrating, CEO, certainty, challenge, characterized, charged, charitable, closing, Coast, Codification, CODM, collectability, collected, collectively, combat, combine, commercial, commitment, comply, computation, concentration, conform, conformity, consistent, consisting, consumer, consumption, cost, costly, coupled, covenant, create, customary, dated, deal, declining, delay, delayed, delivered, depression, deterioration, develop, diem, dilute, diminished, direct, discounted, disease, disposal, distinct, diverse, diversion, diversity, divested, document, downturn, drag, driver, dunnage, earnout, East, EBITDA, efficiency, electric, eliminated, emergency, employ, employed, enable, ending, enter, entity, environment, environmentally, EPA, episode, equivalent, escalation, essential, estimating, evaluated, evaluating, executed, exercised, exercising, existing, expanded, expire, exploring, extended, extreme, family, FASB, field, finalizing, fiscal, flexible, flow, free, Freedom, Front, fully, generating, generation, geography, global, globally, granted, great, greater, growing, history, home, hope, human, identifiable, implemented, implementing, improve, incident, inclusion, incremental, inherent, institutionalize, instrument, integrated, integrating, intent, Intercompany, inventory, joined, judgment, jurisdiction, labor, land, landfill, launched, leadership, leased, leasehold, lessen, light, limitation, live, located, long, losing, lowering, maker, mall, managing, Maryland, materiality, mature, meaningful, median, meet, meeting, member, method, methodology, midsize, military, million, mission, modal, move, negative, negatively, noncancelable, nonforfeitable, nonlease, nonprofit, November, obligated, occur, ocean, offering, older, online, opening, opportunity, ordered, organically, organization, original, OST, ownership, packaged, paramount, participant, partly, partner, partnering, partnership, passed, passenger, Pennsylvania, periodically, permanent, permitted, personnel, physical, positive, potentially, practical, practice, precedent, prepaid, presentation, presently, profitable, prolonged, properly, prospective, Protection, public, pursuing, receiving, recent, recession, record, recoverability, recoverable, recycle, recycled, recycling, reduction, referred, refinance, refinanced, regular, regularly, Regulation, regulatory, relationship, reliable, Relief, renew, renewal, renewed, rental, repayment, replaced, reserved, residual, resource, response, responsibility, restoring, retail, review, reviewed, revising, robust, Royal, safe, satisfaction, scheduled, seasonal, Security, seek, sell, sense, sheet, shelter, shift, shorter, single, size, small, SmartWay, software, South, spot, stable, standard, stay, steamship, straight, stretching, strive, subjective, subsided, sudden, supportable, supporting, suspend, team, temporary, terminate, termination, tractor, trafficking, trailer, transitioning, transmission, travel, treat, true, TSR, turned, type, ultimately, Unamortized, uncertainty, uncollectable, unexpected, unit, unpaid, unprecedented, unpredictable, utilization, variable, variety, varying, vendor, vest, vested, veteran, Virginia, voting, waiver, waste, week, weight, women, work, workforce, world, written, yield