Forward Air Corp (FWRD) — Titan Protect Analysis

FWRD

Forward Air Corp

Industrials · ·

$10.36

Data: 2026-06-03

✓ ETHICAL PASS

NONE MOAT

LIMITED

Data Confidence: 0.0%

Key Metrics

How this company measures up on the fundamentals that matter

Market Cap

$315M

Total market value of the company

Trailing P/E

N/A

Forward P/E

-39.32

Based on estimated future earnings — lower means cheaper

Rev Growth

-5.1%

Year-over-year revenue change

Profit Margin

-3.7%

How much profit the company keeps from each dollar of revenue

ROE

-69.1%

Return on equity — how efficiently it uses shareholder money

Analyst Target

$18.00

+74% from current price — median analyst estimate

Recommendation

NONE

Consensus view from 3 analysts covering this stock

About Forward Air Corp

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 and delivery services; and other services, which include shipment consolidation and deconsolidation, w

https://www.forwardair.com

Country: United States Employees: 6,000 Industry: Integrated Freight & Logistics

Ethical Screening

Five compliance checks based on AAOIFI standards — all must pass for ethical clearance

Business Activity

PASS

Core business does not involve prohibited activities

Debt Ratio

0.0% PENDING

Debt must be below 33% of total assets

Cash Ratio

0.0% PENDING

Interest-bearing cash below 33% of assets

Receivables

0.0% PENDING

Receivables below 49% of assets

Revenue Purity

0.0% PENDING

Non-compliant revenue below 5% — any excess requires purification

Quantitative Intelligence

Statistical analysis of price behaviour, risk, and market regime — independent of fundamental data

Regime

DISTRIBUTION

Smart money appears to be selling into strength — caution

Sharpe Ratio

0.041

Positive but modest risk-adjusted returns

Kelly Fraction

-0.0021

No positive edge detected — the data suggests staying out

Calmar Ratio

-0.338

Drawdown risk outweighs the returns — higher risk profile

Annual Return

-26.8%

Historical annualised return based on price data

Max Drawdown

-79.3%

Largest peak-to-trough decline — the worst it has been

HMM State

SIDEWAYS

Price consolidating — no clear directional bias

Days in State

How long the current regime has persisted — longer means more stable

Market Data

Trading characteristics and market positioning

Beta

1.59

Significantly more volatile than the market

52W High

$32.47

68% below the year high

52W Low

$7.86

32% above the year low

Avg Volume

1,158,155

Average daily shares traded — higher means easier to buy and sell

Short Ratio

1.9

Days it would take all short sellers to cover — higher means more crowded

Short % Float

N/A

Div Yield

N/A

Annual dividend as a percentage of the share price

EPS (TTM)

$-2.92

Earnings per share over the last 12 months

Financial Health

Balance sheet strength and cash generation — the foundation of long-term value

Debt/Equity

1,758.63

Heavy leverage — higher financial risk if revenues decline

Current Ratio

N/A

Quick Ratio

N/A

Like current ratio but excludes inventory — stricter test

Gross Margin

20.5%

Revenue left after cost of goods — higher means pricing power

Operating Margin

4.0%

Profit from core operations before interest and tax

Free Cash Flow

$56M

Positive — the business generates more cash than it spends

Revenue (TTM)

$2.5B

Total revenue over the last 12 months

Net Income

$-91,478,000

Loss-making — spending exceeds revenue after all costs

Analyst Coverage

Analysts

Target High

$20.00

Target Median

$18.00

Target Low

$17.00

Explore the Ethical Screener View Track Record

Data sourced from public filings and market feeds. Not financial advice. Updated: 2026-06-03

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