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Ratios
Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginGross MarginInterest Coverage RatioInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

Forward Air (FWRD) Net Margin (2016 - 2025)

Forward Air (FWRD) has disclosed Net Margin for 17 consecutive years, with 3.29% as the latest value for Q2 2025.

  • For the quarter ending Q2 2025, Net Margin fell 253.0% year-over-year to 3.29%, compared with a TTM value of 3.27% through Dec 2025, down 301.0%, and an annual FY2024 reading of 0.26%, down 934.0% over the prior year.
  • Net Margin was 3.29% for Q2 2025 at Forward Air, up from 9.98% in the prior quarter.
  • Across five years, Net Margin topped out at 34.41% in Q4 2023 and bottomed at 9.98% in Q1 2025.
  • Average Net Margin over 5 years is 1.93%, with a median of 0.49% recorded in 2021.
  • The sharpest move saw Net Margin surged 2706bps in 2023, then plummeted -3447bps in 2024.
  • Year by year, Net Margin stood at 0.49% in 2021, then skyrocketed by 1391bps to 7.35% in 2022, then surged by 368bps to 34.41% in 2023, then crashed by -100bps to 0.06% in 2024, then tumbled by -5468bps to 3.29% in 2025.
  • Business Quant data shows Net Margin for FWRD at 3.29% in Q2 2025, 9.98% in Q1 2025, and 0.06% in Q4 2024.