SuperworthForward Air profit margin FWRD
Gross, operating and net profit as a share of revenue over the last twelve months, from 2010.
- Net margin, 12 months
- −11.4%
- Operating margin, 12 months
- −6.7%
- Net margin on a year earlier
- −4.5 pts
- Peer median
- 2.8%
Over the twelve months to Jun 30, 2026, Forward Air kept −11.4% of its revenue as net profit, with an operating margin of −6.7%.
Five years earlier its net margin was 3.7%.
The median for 3 freight and logistics stocks of a similar size is 2.8%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin | Gross margin |
|---|---|---|---|
| FY2025 | −4.3% | 1.5% | n/a |
| FY2024 | −33.0% | −43.0% | n/a |
| FY2023 | 12.2% | 6.4% | n/a |
| FY2022 | 11.5% | 15.8% | n/a |
| FY2021 | 6.4% | 9.6% | n/a |
| FY2020 | 1.9% | 5.8% | n/a |
| FY2019 | 7.2% | 9.5% | 63.5% |
| FY2018 | 7.0% | 9.2% | 53.5% |
| FY2017 | 7.5% | 9.3% | n/a |
| FY2016 | 2.8% | 6.1% | n/a |
| FY2015 | 5.8% | 8.5% | n/a |
| FY2014 | 7.8% | 12.3% | n/a |
| FY2013 | 8.3% | 12.9% | n/a |
| FY2012 | 9.0% | 14.3% | n/a |
| FY2011 | 8.8% | 14.4% | n/a |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q2 FY26 | −11.4% | −4.5 pts | −6.7% | |
| Q1 FY26 | −3.7% | +27.9 pts | 2.1% | |
| Q4 FY25 | −4.3% | +28.7 pts | 1.5% | |
| Q3 FY25 | −4.6% | +26.5 pts | 4.6% | |
| Q2 FY25 | −6.9% | +25.1 pts | 4.9% | |
| Q1 FY25 | −31.7% | −36.1 pts | −39.0% | |
| Q4 FY24 | −33.0% | −45.2 pts | −43.0% | |
| Q3 FY24 | −31.1% | −38.7 pts | −52.1% | |
| Q2 FY24 | −32.0% | −41.9 pts | −61.5% | |
| Q1 FY24 | 4.5% | −7.0 pts | −1.6% | |
| Q4 FY23 | 12.2% | +0.7 pts | 6.4% | |
| Q3 FY23 | 7.6% | −3.4 pts | 10.2% |
Against its peers
Companies in Integrated Freight & Logistics nearest Forward Air's size, closest first, today.
| Company | Profit margin |
|---|---|
| FWRDForward Air | −11.4% |
| RLGTRadiant Logistics | 2.0% |
| HUBGHub | 2.8% |
| BCOBrinks | 3.3% |
| Peer median | 2.8% |
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on Forward Air
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.