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Forward Air

Filings

10-Q	2020-06-30	Filed 2020-07-31
10-Q	2020-03-31	Filed 2020-05-01
10-K	2019-12-31	Filed 2020-02-24
10-Q	2019-09-30	Filed 2019-10-25
10-Q	2019-06-30	Filed 2019-07-26
10-Q	2019-03-31	Filed 2019-04-25
10-K	2018-12-31	Filed 2019-02-20
10-Q	2018-09-30	Filed 2018-10-25
10-Q	2018-06-30	Filed 2018-07-26
10-Q	2018-03-31	Filed 2018-04-26
10-K	2017-12-31	Filed 2018-02-23
10-Q	2017-09-30	Filed 2017-10-26
10-Q	2017-06-30	Filed 2017-07-27
10-Q	2017-03-31	Filed 2017-04-27
10-K	2016-12-31	Filed 2017-02-22
10-Q	2016-09-30	Filed 2016-10-26
10-Q	2016-06-30	Filed 2016-07-27
10-Q	2016-03-31	Filed 2016-04-27
10-K	2015-12-31	Filed 2016-02-19
10-Q	2015-09-30	Filed 2015-10-23
10-Q	2015-06-30	Filed 2015-07-24
10-Q	2015-03-31	Filed 2015-04-24
10-K	2014-12-31	Filed 2015-02-20
10-Q	2014-09-30	Filed 2014-10-24
10-Q	2014-06-30	Filed 2014-07-25
10-Q	2014-03-31	Filed 2014-04-25
10-K	2013-12-31	Filed 2014-02-19
10-Q	2013-09-30	Filed 2013-10-25
10-Q	2013-06-30	Filed 2013-07-25
10-Q	2013-03-31	Filed 2013-04-25
10-K	2012-12-31	Filed 2013-02-15
10-Q	2012-09-30	Filed 2012-10-26
10-Q	2012-06-30	Filed 2012-07-27
10-Q	2012-03-31	Filed 2012-04-26
10-K	2011-12-31	Filed 2012-02-24
10-Q	2011-09-30	Filed 2011-10-28
10-Q	2011-06-30	Filed 2011-07-27
10-Q	2011-03-31	Filed 2011-04-25
10-K	2010-12-31	Filed 2011-02-24
10-Q	2010-09-30	Filed 2010-10-29
10-Q	2010-06-30	Filed 2010-07-29
10-Q	2010-03-31	Filed 2010-04-29
10-K	2009-12-31	Filed 2010-02-24

Reports

8-K	2020-07-30	Earnings, Exhibits
8-K	2020-07-27	Officers, Exhibits
8-K	2020-07-23	Earnings, Other Events
8-K	2020-05-27
8-K	2020-05-12
8-K	2020-04-30
8-K	2020-04-16
8-K	2020-02-06
8-K	2019-10-24
8-K	2019-10-22
8-K	2019-07-25
8-K	2019-06-25
8-K	2019-06-20
8-K	2019-05-13
8-K	2019-05-08
8-K	2019-04-24
8-K	2019-02-07
8-K	2018-10-24
8-K	2018-10-01
8-K	2018-08-31
8-K	2018-07-25
8-K	2018-06-11
8-K	2018-05-21
8-K	2018-05-15
8-K	2018-04-25
8-K	2018-04-02
8-K	2018-02-13
8-K	2018-02-07
8-K	2018-01-12

Forward Air Financials

FWRD Metrics, Comps, Filings

Quarterly | Annual

Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Equity

Income Statement ($BB Quarterly)

Revenue, G Profit, Net Income

Cash Flow ($BB Quarterly)

Ops, Inv, Fin


Comps ($MM TTM)	Market Cap	Gross Margin	EV/EBITDA	Ret on Assets	Assets	Liabilities	Revenue	G Profit	Net Income	EBITDA	EV
CH Robinson Worldwide (CHRW)	11,636	0%	14.2	14%	4,637	2,963	15,654	0	665	879	12,504
Brinks (BCO)	4,288	17%	15.1	2%	3,703	3,517	3,655	622	70	373	5,612
Macquarie Infrastructure (MIC)	3,363	0%	11.5	2%	6,924	4,041	1,741	0	142	488	5,613
World Fuel Services (INT)	2,607	3%	9.1	3%	5,798	3,939	37,450	1,088	154	337	3,076
Forward Air (FWRD)	1,812	41%	12.7	9%	981	419	1,385	566	91	146	1,850
Hub Group (HUBG)	1,542	14%	8.0	7%	1,911	866	3,786	534	128	219	1,741
Echo Global Logistics (ECHO)	622	13%	13.5	2%	847	464	2,236	296	20	56	751
Cryoport (CYRX)	605	50%	-29.9	-15%	135	25	30	15	-20	-17	512
Roadrunner Transportation Systems (RRTS)	360	0%	-2.7	-34%	793	666	1,447	0	-267	-207	552
Radiant Logistics (RLGT)	273	26%	7.1	6%	293	163	872	231	17	43	304
Adams Resources & Energy (AE)	126	0%	-0.2	1%	314	164	1,823	0	2	16	-3
Hunter Maritime Acquisition (HUNT)	10,861			0%	183	37	0	0	0	0	10,836
Sino-Global Shipping America (SINO)	13	16%	-2.3	-36%	19	5	35	5	-7	-6	13
Global Partners (GLP)		6%	-0.1	3%	2,678	2,196	13,007	734	89	90	-6
Sprague Resources (SRLP)		6%	-0.1	6%	970	875	3,583	201	56	121	-7
Martin Midstream Partners (MMLP)		31%	-4.6	-26%	691	725	869	269	-183	-132	604
Genesis Energy (GEL)		0%	5.6	1%	6,561	4,219	2,566	0	51	437	2,443
CrossAmerica Partners (CAPL)		8%	6.1	2%	919	827	2,184	165	22	86	522
NGL Energy Partners (NGL)		4%	7.3	-0%	6,664	4,670	22,445	855	-20	378	2,773
Sunoco (SUN)		6%	10.4	3%	5,497	4,735	16,375	931	158	297	3,087


Balance Sheet ($MM)	2010-09-30	2010-12-31	2011-03-31	2011-06-30	2011-09-30	2011-12-31	2012-03-31	2012-06-30	2012-09-30	2012-12-31	2013-03-31	2013-06-30	2013-09-30	2013-12-31	2014-03-31	2014-06-30	2014-09-30	2014-12-31	2015-03-31	2015-06-30	2015-09-30	2015-12-31	2016-03-31	2016-06-30	2016-09-30	2016-12-31	2017-03-31	2017-06-30	2017-09-30	2017-12-31	2018-03-31	2018-06-30	2018-09-30	2018-12-31	2019-03-31	2019-06-30	2019-09-30
Cash	63	75	86	96	87	59	69	69	93	112	72	81	99	127	41	25	25	41	54	43	47	33	38	22	11	9	14	10	12	4	13	20	29	26	42	15	35
Accounts Receivable	62	63	68	70	70	71	75	78	75	75	78	76	83	76	94	98	100	95	120	122	115	109	104	109	115	117	116	124	132	143	146	152	148	156	151	155	157
Inventory		1				1				1				1				1				1				1				1				2
PP&E	211	214	218	222	224	223	235	237	239	239	254	267	270	271	292	303	304	305	311	318	323	343	345	355	370	379	377	375	384	399	403	402	409	414	418	423	439
Assets	342	349	368	383	375	341	365	371	387	399	446	468	491	506	535	532	530	542	715	709	699	700	689	644	642	641	636	660	669	688	690	711	743	760	886	937	981
Accounts Payable	11	11	12	15	15	12	17	12	13	11	14	12	17	16	22	21	21	21	22	28	27	23	18	14	18	18	16	18	22	25	30	32	35	35	31	31	33
Long-Term Debt	51	50	51	51	50	0	0	0	0		0	0	0		1	1	1		125	57	43	83	1	1	1	28	14	21	41	40	41	40	40	47	47	57	73
Liabilities	98	93	100	100	104	54	60	52	50	48	66	64	72	70	81	82	83	78	238	221	206	190	178	155	146	142	135	140	164	154	164	169	195	207	332	387	419
Stockholders' Equity	244	256	268	283	271	287	305	319	337	352	380	404	418	436	453	451	447	464	477	488	492	510	511	489	496	499	501	519	506	533	526	542	548	553	553	550	561


Income Statement ($MM)	2010-09-30	2010-12-31	2011-03-31	2011-06-30	2011-09-30	2011-12-31	2012-03-31	2012-06-30	2012-09-30	2012-12-31	2013-03-31	2013-06-30	2013-09-30	2013-12-31	2014-03-31	2014-06-30	2014-09-30	2014-12-31	2015-03-31	2015-06-30	2015-09-30	2015-12-31	2016-03-31	2016-06-30	2016-09-30	2016-12-31	2017-03-31	2017-06-30	2017-09-30	2017-12-31	2018-03-31	2018-06-30	2018-09-30	2018-12-31	2019-03-31	2019-06-30	2019-09-30
Revenue	122	133	120	132	136	148	137	148	144	156	142	160	170	181	172	194	201	214	206	250	247	256	230	239	250	265	247	268	280	306	303	330	331	357	321	346	362
Cost of Revenue																																			144	155	164
Gross Profit																																			177	191	198
R&D
SG&A
Tax	6	7	5	8	7	9	6	9	7	8	5	9	9	8	6	10	10	8	3	7	8	5	8	-5	13	15	9	10	8	-7	6	8	7		6	8	8
Net Income	9	12	8	12	13	14	10	14	12	16	11	14	14	16	10	17	17	17	5	12	16	23	13	-10	12	13	14	20	18	35	18	24	22	28	18	22	22


Cash Flow ($MM)	2010-09-30	2010-12-31	2011-03-31	2011-06-30	2011-09-30	2011-12-31	2012-03-31	2012-06-30	2012-09-30	2012-12-31	2013-03-31	2013-06-30	2013-09-30	2013-12-31	2014-03-31	2014-06-30	2014-09-30	2014-12-31	2015-03-31	2015-06-30	2015-09-30	2015-12-31	2016-03-31	2016-06-30	2016-09-30	2016-12-31	2017-03-31	2017-06-30	2017-09-30	2017-12-31	2018-03-31	2018-06-30	2018-09-30	2018-12-31	2019-03-31	2019-06-30	2019-09-30
Cash Operating		16	15	17	22	22	18	6	22	23	21	17	23	30	20	19	26	27	7	11	39	28	37	24	33	36	37	15	26	26	41	26	47		42	30	46
Cash Investing		-3	-7	-8	-5	-1	-13	-5	-2	-1	-57	-15	-5	-2	-103	-14	-4	-8	-67	-7	-6	-21	-4	-13	-22	-13	-2	-24	-9	-25	-6	-7	-19		-4	-39	-22
Cash Financing		-1	3	1	-26	-50	6	-2	4	-3	-4	8	-1	0	-4	-22	-23	-2	73	-16	-28	-21	-29	-27	-22	-26	-30	4	-14	-10	-26	-11	-19		-21	-19	-4