Forward Historical Income Statement
| FWRD Stock | USD 21.78 0.66 3.13% |
Historical analysis of Forward Air income statement accounts such as Total Revenue of 1.4 B or Gross Profit of 83.8 M can show how well Forward Air performed in making a profits. Evaluating Forward Air income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Forward Air's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Forward Air latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Forward Air is a good buy for the upcoming year.
Forward |
About Forward Income Statement Analysis
Forward Air Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Forward Air shareholders. The income statement also shows Forward investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Forward Air Income Statement Chart
Forward Air Income Statement is one of the three primary financial statements used for reporting Forward's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Forward Air revenue and expense. Forward Air Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At present, Forward Air's Interest Expense is projected to increase significantly based on the last few years of reporting. The current year's Total Revenue is expected to grow to about 1.4 B, whereas Other Operating Expenses is forecasted to decline to about 663 M. Add Fundamental
Total Revenue
Total revenue comprises all receipts Forward Air generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of Forward Air minus its cost of goods sold. It is profit before Forward Air operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Forward Air. It is also known as Forward Air overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Operating Income
Operating Income is the amount of profit realized from Forward Air operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Forward Air is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.Most accounts from Forward Air's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Forward Air current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Forward Air. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. For information on how to trade Forward Stock refer to our How to Trade Forward Stock guide.At present, Forward Air's Interest Expense is projected to increase significantly based on the last few years of reporting. The current year's Total Revenue is expected to grow to about 1.4 B, whereas Other Operating Expenses is forecasted to decline to about 663 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 365.3M | 546.8M | 88.2M | 83.8M | Total Revenue | 1.7B | 2.0B | 1.4B | 1.4B |
Forward Air income statement Correlations
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Forward Air Account Relationship Matchups
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Forward Air income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 42.1M | 37.1M | 39.6M | 47.4M | 57.4M | 60.3M | |
| Interest Expense | 2.7M | 4.6M | 4.3M | 5.1M | 31.6M | 33.1M | |
| Total Revenue | 1.4B | 1.3B | 1.7B | 2.0B | 1.4B | 1.4B | |
| Gross Profit | 287.9M | 229.1M | 365.3M | 546.8M | 88.2M | 83.8M | |
| Other Operating Expenses | 1.3B | 1.2B | 1.5B | 1.7B | 1.3B | 663.0M | |
| Operating Income | 118.8M | 73.9M | 159.3M | 266.0M | 88.2M | 74.8M | |
| Ebit | 118.8M | 73.9M | 159.3M | 266.0M | 88.2M | 92.6M | |
| Ebitda | 160.9M | 111.0M | 198.9M | 313.4M | 145.6M | 152.9M | |
| Cost Of Revenue | 1.1B | 1.0B | 1.3B | 1.4B | 1.3B | 1.3B | |
| Total Operating Expenses | 169.1M | 155.2M | 206.0M | 280.8M | 241.9M | 182.6M | |
| Income Before Tax | 116.1M | 69.4M | 155.0M | 260.8M | 56.6M | 71.2M | |
| Total Other Income Expense Net | (2.7M) | (4.6M) | (4.3M) | (5.1M) | (31.6M) | (30.0M) | |
| Net Income | 87.1M | 52.8M | 105.9M | 193.2M | 11.3M | 10.7M | |
| Income Tax Expense | 29.0M | 16.6M | 38.9M | 67.6M | 13.8M | 22.7M | |
| Selling General Administrative | 45.4M | 34.9M | 42.2M | 49.8M | 50.1M | 47.6M | |
| Net Income Applicable To Common Shares | 87.1M | 23.7M | 105.9M | 193.2M | 222.2M | 233.3M | |
| Net Income From Continuing Ops | 87.1M | 52.8M | 116.1M | 193.2M | 42.8M | 78.7M | |
| Research Development | 1.7M | 2.1M | 2.4M | 2.6M | 2.9M | 3.1M | |
| Non Operating Income Net Other | (11K) | (2K) | (1K) | (3K) | (2.7K) | (2.6K) | |
| Tax Provision | 29.0M | 16.6M | 38.9M | 67.6M | 13.8M | 13.1M | |
| Net Interest Income | (2.7M) | (4.6M) | (4.3M) | (5.1M) | (31.6M) | (30.0M) | |
| Reconciled Depreciation | 42.1M | 37.1M | 39.6M | 47.4M | 57.4M | 48.2M |
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Try AI Portfolio ArchitectCheck out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Forward Air. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. For information on how to trade Forward Stock refer to our How to Trade Forward Stock guide.You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
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When running Forward Air's price analysis, check to measure Forward Air's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Forward Air is operating at the current time. Most of Forward Air's value examination focuses on studying past and present price action to predict the probability of Forward Air's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Forward Air's price. Additionally, you may evaluate how the addition of Forward Air to your portfolios can decrease your overall portfolio volatility.
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Is Forward Air's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Forward Air. If investors know Forward will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Forward Air listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 1.45 | Dividend Share 0.96 | Earnings Share 1.64 | Revenue Per Share 52.898 | Quarterly Revenue Growth (0.30) |
The market value of Forward Air is measured differently than its book value, which is the value of Forward that is recorded on the company's balance sheet. Investors also form their own opinion of Forward Air's value that differs from its market value or its book value, called intrinsic value, which is Forward Air's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Forward Air's market value can be influenced by many factors that don't directly affect Forward Air's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Forward Air's value and its price as these two are different measures arrived at by different means. Investors typically determine if Forward Air is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Forward Air's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.