Company Quick10K Filing
Forward Air
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 29 $1,634
10-Q 2019-10-25 Quarter: 2019-09-30
10-Q 2019-07-26 Quarter: 2019-06-30
10-Q 2019-04-25 Quarter: 2019-03-31
10-K 2019-02-20 Annual: 2018-12-31
10-Q 2018-10-25 Quarter: 2018-09-30
10-Q 2018-07-26 Quarter: 2018-06-30
10-Q 2018-04-26 Quarter: 2018-03-31
10-K 2018-02-23 Annual: 2017-12-31
10-Q 2017-10-26 Quarter: 2017-09-30
10-Q 2017-07-27 Quarter: 2017-06-30
10-Q 2017-04-27 Quarter: 2017-03-31
10-K 2017-02-22 Annual: 2016-12-31
10-Q 2016-10-26 Quarter: 2016-09-30
10-Q 2016-07-27 Quarter: 2016-06-30
10-Q 2016-04-27 Quarter: 2016-03-31
10-K 2016-02-19 Annual: 2015-12-31
10-Q 2015-10-23 Quarter: 2015-09-30
10-Q 2015-07-24 Quarter: 2015-06-30
10-Q 2015-04-24 Quarter: 2015-03-31
10-K 2015-02-20 Annual: 2014-12-31
10-Q 2014-10-24 Quarter: 2014-09-30
10-Q 2014-07-25 Quarter: 2014-06-30
10-Q 2014-04-25 Quarter: 2014-03-31
10-K 2014-02-19 Annual: 2013-12-31
10-Q 2013-10-25 Quarter: 2013-09-30
10-Q 2013-07-25 Quarter: 2013-06-30
10-Q 2013-04-25 Quarter: 2013-03-31
10-K 2013-02-15 Annual: 2012-12-31
10-Q 2012-10-26 Quarter: 2012-09-30
10-Q 2012-07-27 Quarter: 2012-06-30
10-Q 2012-04-26 Quarter: 2012-03-31
10-K 2012-02-24 Annual: 2011-12-31
10-Q 2011-10-28 Quarter: 2011-09-30
10-Q 2011-07-27 Quarter: 2011-06-30
10-Q 2011-04-25 Quarter: 2011-03-31
10-K 2011-02-24 Annual: 2010-12-31
10-Q 2010-10-29 Quarter: 2010-09-30
10-Q 2010-07-29 Quarter: 2010-06-30
10-Q 2010-04-29 Quarter: 2010-03-31
10-K 2010-02-24 Annual: 2009-12-31
8-K 2019-10-24 Earnings, Other Events, Exhibits
8-K 2019-07-25 Earnings, Other Events, Exhibits
8-K 2019-06-25 Regulation FD, Exhibits
8-K 2019-06-20 Regulation FD
8-K 2019-05-13 Officers, Exhibits
8-K 2019-05-08 Shareholder Vote
8-K 2019-04-24 Earnings, Other Events, Exhibits
8-K 2019-02-07 Earnings, Officers, Other Events, Exhibits
8-K 2018-10-24 Earnings, Exhibits
8-K 2018-10-01 Officers, Exhibits
8-K 2018-08-31 Officers, Exhibits
8-K 2018-07-25 Earnings, Exhibits
8-K 2018-06-11 Officers, Exhibits
8-K 2018-05-21 Regulation FD, Exhibits
8-K 2018-05-15 Shareholder Vote
8-K 2018-04-25 Earnings, Exhibits
8-K 2018-04-02 Regulation FD, Exhibits
8-K 2018-02-13 Earnings, Regulation FD, Exhibits
8-K 2018-02-07 Earnings, Other Events, Exhibits
8-K 2018-01-12 Officers, Exhibits

Forward Air Financials

FWRD Metrics, Comps, Filings

Annual | Quarterly

Business

Forward Air is a leading asset-light freight and logistics company. We provide less-than-truckload ("LTL"), truckload, intermodal and pool distribution services across the United States and in Canada. We utilize an asset-light strategy to minimize our investments in equipment and facilities and to reduce our capital expenditures. Forward Air was formed as a corporation under the laws of the State of Tennessee on October 23, 1981. Our common stock is listed on the Nasdaq Global Select Market under the symbol "FWRD".

Expedited LTL. We operate a comprehensive national network to provide expedited regional, inter-regional and national LTL services. Expedited LTL offers customers local pick-up and delivery and other services including shipment consolidation and deconsolidation, warehousing, final mile solutions, customs brokerage and other handling. Because of our roots in serving the deferred air freight market, our terminal network is located at or near airports in the United States and Canada. During the year ended December 31, 2018, Expedited LTL accounted for 56.6% of our consolidated revenue.

TLS. We provide expedited truckload brokerage, dedicated fleet services, as well as high security and temperature-


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Stockholders' Equity

Income Statement ($BB Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($BB Annual)

Operating, Investing, Financing

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) 11,672 0% 12.4 15% 4,684 3,025 16,090 0 694 1,012 12,570
Hunter Maritime Acquisition (HUNT) 10,861 0% 183 37 0 0 0 0 10,836
Brinks (BCO) 4,051 23% 12.7 2% 3,732 3,523 3,579 825 82 424 5,399
Macquarie Infrastructure (MIC) 3,412 17% 11.5 1% 7,783 4,745 1,809 307 102 510 5,882
World Fuel Services (INT) 2,265 3% 7.2 2% 5,751 3,936 38,556 1,049 143 381 2,730
Forward Air (FWRD) 1,634 27% 10.3 10% 937 387 1,355 368 91 163 1,677
Hub Group (HUBG) 1,414 13% 4.9 11% 1,930 898 3,806 514 217 321 1,562
Echo Global Logistics (ECHO) 633 9% 10.4 3% 848 472 2,320 199 25 74 771
Cryoport (CYRX) 604 51% -69.9 -7% 133 24 26 13 -9 -7 509
Radiant Logistics (RLGT) 337 26% 9.0 6% 268 140 891 230 17 41 369
Roadrunner Transportation Systems (RRTS) 337 0% -3.0 -32% 843 622 1,524 0 -269 -173 514
Adams Resources & Energy (AE) 142 0% 0.5 1% 302 152 1,840 0 3 18 10
Sino-Global Shipping America (SINO) 11 14% -1.5 -31% 21 5 40 6 -6 -5 8
Genesis Energy (GEL) 0% 4.4 0% 6,555 4,197 2,689 0 32 571 2,490
Sunoco (SUN) 4% 8.1 4% 5,470 4,691 16,805 639 204 371 2,993
Global Partners (GLP) 5% -0.1 3% 2,764 2,278 13,230 703 81 88 -10
Sprague Resources (SRLP) 5% -0.0 5% 946 822 3,619 189 47 131 -6
CrossAmerica Partners (CAPL) 7% 4.9 2% 929 825 2,295 167 20 109 532
NGL Energy Partners (NGL) 3% 2.8 8% 6,395 4,303 24,810 768 537 919 2,579
Martin Midstream Partners (MMLP) 35% -7.1 -22% 701 738 910 320 -156 -84 594

Balance Sheet ($MM)2010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash755911212741339426
Accounts Receivable6371757695109117143156
Inventory111111112
PP&E214130134271172187200206210
Assets349341399506542700641688760
Accounts Payable111211162123182535
Long-Term Debt50083284047
Liabilities9354487078190142154207
Stockholders' Equity256287352436464510499533553
Income Statement ($MM)2010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Revenue48453658407819599831,1011,321
Cost of Revenue614
Gross Profit707
R&D
SG&A
Tax212930253025113628
Net Income324753546156288792
Cash Flow ($MM)2010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash Operating547769919286130103153
Cash Investing-14-20-21-79-128-101-52-59-55
Cash Financing-8-7363-507-103-49-75