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Forward AIR Corp income statement

In fiscal 2025, Forward AIR Corp reported revenue of $2.50bn, up 0.8% on the year before, operating income of $36.4m (a 1.5% margin) and net income of −$108m, or −$3.51 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2009Dec 20092010Dec 20102011Dec 20112012Dec 20122013Dec 20132014Dec 20142015Dec 20152016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Revenue4174845365846527819591,0301,1691,1381,2151,2701,3871,6801,3712,4742,4952,518
Cost of revenue———————461545564586651——————
Gross profit———————569624573629619——————
Operating income19547784849682601091171127414724888−1,06336−169
Interest expense1110112212354532189181177
Net interest income——————————−3−5−4−5————
Income before tax18537783849680581081151106914324257−1,250−147−351
Income tax82129302935243120272717366314−125−5−7
Net income103247535461562887928724106193167−817−108−286
Diluted EPS$0.34$1.10$1.60$1.78$1.77$1.96$1.78$0.90$2.89$3.12$3.04$0.84$3.85$7.14$6.40−$30.63−$3.51−$9.07
Diluted shares (average)29m29m29m30m31m31m31m30m30m29m28m28m27m27m26m28m31m32m
EBITDA38749810510812811998150153149111182290146−919189−13

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from Forward AIR Corp's SEC filings (10-K and 10-Q), retrieved October 26, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Forward AIR Corp.