FWRD: Forward Air Corp Financial Statements
Balance sheet, income statement, and cash flow statements for Forward Air Corp (FWRD).
$933.78M Market Cap.
FWRD Market Cap. (MRY)
FWRD Shares Outstanding (MRY)
FWRD Assets (MRY)
Total Assets
$2.80B
Total Liabilities
$2.52B
Total Investments
$0
FWRD Income (MRY)
Revenue
$2.47B
Net Income
-$816.97M
Operating Expense
$2.08B
FWRD Cash Flow (MRY)
CF Operations
-$69.02M
CF Investing
-$1.61B
CF Financing
-$163.83M
FWRD Balance Sheet (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total Assets | $2,802,641,000 (-5.94%) | $2,979,533,000 (146.63%) | $1,208,076,000 (8.07%) | $1,117,823,000 (6.72%) |
Assets Current | $472,500,000 (36.16%) | $347,028,000 (14.04%) | $304,315,000 (7.61%) | $282,807,000 (15.01%) |
Assets Non-Current | $2,330,141,000 (-11.49%) | $2,632,505,000 (191.28%) | $903,761,000 (8.23%) | $835,016,000 (4.18%) |
Goodwill & Intangible Assets | $1,521,928,000 (268.06%) | $413,495,000 (-10.30%) | $460,985,000 (9.38%) | $421,469,000 (8.07%) |
Shareholders Equity | $201,728,000 (-73.60%) | $764,261,000 (8.06%) | $707,244,000 (19.13%) | $593,654,000 (8.46%) |
Property Plant & Equipment Net | $736,272,000 (99.18%) | $369,647,000 (-5.45%) | $390,945,000 (6.44%) | $367,293,000 (17.27%) |
Cash & Equivalents | $105,266,000 (-34.85%) | $161,573,000 (252.61%) | $45,822,000 (22.79%) | $37,316,000 (-7.30%) |
Accumulated Other Comprehensive Income | -$2,732,000 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Deferred Revenue | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Total Investments | $0 (0%) | $1,790,500,000 (0%) | $0 (0%) | $0 (0%) |
Investments Current | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Investments Non-Current | $0 (0%) | $1,790,500,000 (0%) | $0 (0%) | $0 (0%) |
Inventory | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Trade & Non-Trade Receivables | $322,496,000 (103.24%) | $158,675,000 (-28.21%) | $221,028,000 (2.24%) | $216,182,000 (38.14%) |
Trade & Non-Trade Payables | $105,692,000 (132.65%) | $45,430,000 (-16.80%) | $54,601,000 (21.78%) | $44,837,000 (16.85%) |
Accumulated Retained Earnings (Deficit) | -$338,230,000 (-170.42%) | $480,320,000 (10.13%) | $436,124,000 (30.22%) | $334,910,000 (10.12%) |
Tax Assets | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Tax Liabilities | $51,464,000 (21.95%) | $42,200,000 (-17.41%) | $51,093,000 (17.71%) | $43,407,000 (3.38%) |
Total Debt | $2,145,798,000 (10.28%) | $1,945,823,000 (600.32%) | $277,847,000 (-13.19%) | $320,066,000 (31.59%) |
Debt Current | $113,370,000 (98.93%) | $56,989,000 (0.78%) | $56,550,000 (5.46%) | $53,620,000 (17.90%) |
Debt Non-Current | $2,032,428,000 (7.60%) | $1,888,834,000 (753.53%) | $221,297,000 (-16.94%) | $266,446,000 (34.74%) |
Total Liabilities | $2,516,773,000 (13.61%) | $2,215,272,000 (342.32%) | $500,832,000 (-4.45%) | $524,169,000 (4.82%) |
Liabilities Current | $384,046,000 (61.98%) | $237,094,000 (39.96%) | $169,398,000 (2.86%) | $164,692,000 (-4.04%) |
Liabilities Non-Current | $2,132,727,000 (7.81%) | $1,978,178,000 (496.85%) | $331,434,000 (-7.80%) | $359,477,000 (9.45%) |
FWRD Income Statement (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Revenues | $2,474,262,000 (80.51%) | $1,370,735,000 (-30.54%) | $1,973,403,000 (18.71%) | $1,662,427,000 (30.94%) |
Cost of Revenue | $1,454,227,000 (109.06%) | $695,612,000 (-32.55%) | $1,031,226,000 (10.92%) | $929,735,000 (26.92%) |
Selling General & Administrative Expense | $536,406,000 (86.53%) | $287,566,000 (-17.36%) | $347,970,000 (6.15%) | $327,814,000 (21.06%) |
Research & Development Expense | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Operating Expenses | $2,082,971,000 (254.90%) | $586,913,000 (-13.20%) | $676,201,000 (17.93%) | $573,391,000 (23.82%) |
Interest Expense | $189,215,000 (499.33%) | $31,571,000 (514.46%) | $5,138,000 (18.44%) | $4,338,000 (-4.89%) |
Income Tax Expense | -$124,991,000 (-1003.38%) | $13,836,000 (-79.55%) | $67,647,000 (74.03%) | $38,872,000 (134.27%) |
Net Loss Income from Discontinued Operations | $6,387,000 (105.13%) | -$124,548,000 (0%) | $0 (0%) | $10,232,000 (-64.76%) |
Consolidated Income | -$1,131,228,000 (-775.96%) | $167,351,000 (-13.38%) | $193,191,000 (82.50%) | $105,859,000 (346.04%) |
Net Income to Non-Controlling Interests | -$314,259,000 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Net Income | -$816,969,000 (-588.18%) | $167,351,000 (-13.38%) | $193,191,000 (82.50%) | $105,859,000 (346.04%) |
Preferred Dividends Income Statement Impact | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Net Income Common Stock | -$816,969,000 (-588.18%) | $167,351,000 (-13.38%) | $193,191,000 (82.50%) | $105,859,000 (346.04%) |
Weighted Average Shares | $28,954,411 (12.83%) | $25,662,063 (-3.49%) | $26,589,697 (-1.37%) | $26,958,243 (-2.00%) |
Weighted Average Shares Diluted | - | - | - | - |
Earning Before Interest & Taxes (EBIT) | -$752,745,000 (-453.80%) | $212,758,000 (-20.01%) | $265,976,000 (78.42%) | $149,069,000 (232.10%) |
Gross Profit | $1,020,035,000 (51.09%) | $675,123,000 (-28.34%) | $942,177,000 (28.59%) | $732,692,000 (36.44%) |
Operating Income | -$1,062,936,000 (-1305.01%) | $88,210,000 (-66.84%) | $265,976,000 (66.96%) | $159,301,000 (115.49%) |
FWRD Cash Flow Statement (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Net Cash Flow from Investing | -$1,608,586,000 (-1020.04%) | $174,838,000 (267.37%) | -$104,462,000 (-18.29%) | -$88,312,000 (-6.78%) |
Net Cash Flow from Financing | -$163,832,000 (-110.57%) | $1,550,025,000 (1160.77%) | -$146,122,000 (-318.84%) | -$34,887,000 (-31.88%) |
Net Cash Flow from Operations | -$69,015,000 (-138.05%) | $181,388,000 (-29.99%) | $259,090,000 (115.44%) | $120,261,000 (42.04%) |
Net Cash Flow / Change in Cash & Cash Equivalents | -$1,846,807,000 (-196.88%) | $1,906,251,000 (22310.66%) | $8,506,000 (389.52%) | -$2,938,000 (88.01%) |
Net Cash Flow - Business Acquisitions and Disposals | -$1,576,219,000 (-2679.78%) | -$56,703,000 (14.22%) | -$66,105,000 (-10.42%) | -$59,866,000 (5.95%) |
Net Cash Flow - Investment Acquisitions and Disposals | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Capital Expenditure | -$31,923,000 (-18.30%) | -$26,984,000 (29.65%) | -$38,357,000 (-5.19%) | -$36,466,000 (-104.23%) |
Issuance (Repayment) of Debt Securities | -$150,896,000 (-109.02%) | $1,672,500,000 (3137.93%) | -$55,054,000 (-230.79%) | $42,095,000 (-3.35%) |
Issuance (Purchase) of Equity Shares | $753,000 (100.81%) | -$93,011,000 (-50.05%) | -$61,988,000 (-28.93%) | -$48,078,000 (-7.84%) |
Payment of Dividends & Other Cash Distributions | $0 (0%) | -$24,995,000 (3.36%) | -$25,865,000 (-12.57%) | -$22,976,000 (-10.10%) |
Effect of Exchange Rate Changes on Cash | $1,013,000 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Share Based Compensation | $10,188,000 (-11.37%) | $11,495,000 (1.05%) | $11,376,000 (4.24%) | $10,913,000 (-1.09%) |
Depreciation Amortization & Accretion | $143,978,000 (150.81%) | $57,405,000 (21.14%) | $47,386,000 (19.81%) | $39,552,000 (6.54%) |
FWRD Financial Metrics (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Gross Margin | 41.20% (-16.43%) | 49.30% (3.35%) | 47.70% (8.16%) | 44.10% (4.26%) |
Profit Margin | -33.00% (-370.49%) | 12.20% (24.49%) | 9.80% (53.13%) | 6.40% (236.84%) |
EBITDA Margin | -24.60% (-224.87%) | 19.70% (23.90%) | 15.90% (40.71%) | 11.30% (73.85%) |
Return on Average Equity (ROAE) | -199.50% (-931.25%) | 24.00% (-17.24%) | 29.00% (53.44%) | 18.90% (339.53%) |
Return on Average Assets (ROAA) | -25.40% (-349.02%) | 10.20% (-37.04%) | 16.20% (63.64%) | 9.90% (350.00%) |
Return on Sales (ROS) | -30.40% (-296.13%) | 15.50% (14.81%) | 13.50% (50.00%) | 9.00% (157.14%) |
Return on Invested Capital (ROIC) | -26.60% (-304.62%) | 13.00% (-59.88%) | 32.40% (64.47%) | 19.70% (212.70%) |
Dividend Yield | 0% (0%) | 1.50% (66.67%) | 0.90% (28.57%) | 0.70% (-30.00%) |
Price to Earnings Ratio (P/E) | -1.05 (-110.75%) | 9.79 (-33.06%) | 14.63 (-53.25%) | 31.29 (-65.80%) |
Price to Sales Ratio (P/S) | 0.38 (-67.97%) | 1.18 (-16.70%) | 1.41 (-28.05%) | 1.96 (17.96%) |
Price to Book Ratio (P/B) | 4.63 (119.28%) | 2.11 (-46.46%) | 3.94 (-28.30%) | 5.5 (42.39%) |
Debt to Equity Ratio (D/E) | 12.48 (330.36%) | 2.9 (309.46%) | 0.71 (-19.82%) | 0.88 (-3.39%) |
Earnings Per Share (EPS) | -30.63 (-577.10%) | 6.42 (-10.46%) | 7.17 (85.27%) | 3.87 (360.71%) |
Sales Per Share (SPS) | 85.45 (59.98%) | 53.41 (-28.03%) | 74.22 (20.35%) | 61.67 (33.61%) |
Free Cash Flow Per Share (FCFPS) | -3.49 (-157.94%) | 6.02 (-27.51%) | 8.3 (167.08%) | 3.11 (27.95%) |
Book Value Per Share (BVPS) | 6.97 (-76.61%) | 29.78 (11.97%) | 26.6 (20.78%) | 22.02 (10.67%) |
Tangible Assets Book Value Per Share (TABVPS) | 44.23 (-55.76%) | 99.99 (255.88%) | 28.1 (8.77%) | 25.83 (8.09%) |
Enterprise Value Over EBIT (EV/EBIT) | -4 (-144.44%) | 9 (-18.18%) | 11 (-54.17%) | 24 (-52.94%) |
Enterprise Value Over EBITDA (EV/EBITDA) | -4.74 (-167.66%) | 7 (-27.35%) | 9.64 (-48.35%) | 18.66 (-33.63%) |
Asset Turnover | 0.77 (-7.80%) | 0.83 (-49.79%) | 1.66 (6.96%) | 1.55 (29.36%) |
Current Ratio | 1.23 (-15.98%) | 1.46 (-18.49%) | 1.8 (4.60%) | 1.72 (19.82%) |
Dividends | $0 (0%) | $0.96 (0.00%) | $0.96 (14.29%) | $0.84 (12.00%) |
Free Cash Flow (FCF) | -$100,938,000 (-165.37%) | $154,404,000 (-30.05%) | $220,733,000 (163.42%) | $83,795,000 (25.42%) |
Enterprise Value (EV) | $2,883,796,755 (52.48%) | $1,891,280,901 (-37.37%) | $3,019,606,318 (-14.19%) | $3,518,785,645 (52.65%) |
Earnings Before Tax (EBT) | -$941,960,000 (-619.88%) | $181,187,000 (-30.54%) | $260,838,000 (80.22%) | $144,731,000 (258.90%) |
Earnings Before Interest Taxes & Depreciation Amortization (EBITDA) | -$608,767,000 (-325.33%) | $270,163,000 (-13.79%) | $313,362,000 (66.13%) | $188,621,000 (129.99%) |
Invested Capital | $2,937,199,000 (-28.59%) | $4,113,194,000 (407.98%) | $809,718,000 (-0.58%) | $814,412,000 (18.25%) |
Working Capital | $88,454,000 (-19.54%) | $109,934,000 (-18.52%) | $134,917,000 (14.23%) | $118,115,000 (59.02%) |
Tangible Asset Value | $1,280,713,000 (-50.09%) | $2,566,038,000 (243.47%) | $747,091,000 (7.29%) | $696,354,000 (5.93%) |
Market Capitalization | $933,779,755 (-42.12%) | $1,613,373,901 (-42.15%) | $2,788,993,318 (-14.56%) | $3,264,373,645 (54.44%) |
Average Equity | $409,411,750 (-41.29%) | $697,300,750 (4.62%) | $666,515,750 (18.79%) | $561,067,500 (0.57%) |
Average Assets | $3,221,264,250 (95.78%) | $1,645,313,250 (38.32%) | $1,189,521,000 (11.01%) | $1,071,518,250 (1.22%) |
Invested Capital Average | $2,834,686,250 (73.49%) | $1,633,881,500 (98.98%) | $821,109,750 (8.32%) | $758,020,750 (6.08%) |
Shares | 28,954,411 (12.83%) | 25,662,063 (-3.49%) | 26,589,697 (-1.37%) | 26,958,243 (-2.00%) |
