FWRD | Forward Air Corporation Stock Financials Income Statements Annual

(Stock Exchange: NASDAQ)

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Financial Year End	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2009-02-24	2008-02-19	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31	1994-12-31
Revenue	1.37B	1.97B	1.66B	1.27B	1.41B	1.32B	1.10B	982.53M	959.12M	780.96M	652.48M	584.45M	536.40M	483.94M	417.41M	474.44M	392.74M	352.76M	320.93M	282.20M	241.52M	226.07M	227.50M	214.91M	170.84M	130.44M	190.40M	157.10M	148.10M	135.00M
Cost of Revenue	1.04B	1.43B	1.30B	1.04B	1.12B	1.05B	864.30M	767.29M	768.71M	601.96M	504.82M	446.77M	268.96M	175.16M	144.73M	180.99M	222.06M	193.98M	176.46M	159.05M	139.81M	135.51M	136.49M	124.57M	101.08M	78.89M	108.44M	93.88M	62.40M	59.50M
Gross Profit	330.15M	546.82M	365.33M	229.11M	287.88M	266.04M	236.51M	215.24M	190.42M	179.00M	147.66M	137.67M	267.44M	308.78M	272.68M	293.45M	170.68M	158.78M	144.47M	123.14M	101.71M	90.57M	91.01M	90.34M	69.77M	51.55M	81.96M	63.22M	85.70M	75.50M
Operating Expenses	299.35M	280.85M	206.03M	155.19M	169.06M	144.01M	127.84M	112.82M	108.65M	82.60M	63.30M	54.14M	190.33M	185.69M	172.71M	206.97M	329.37M	283.33M	258.70M	233.98M	206.49M	197.20M	203.30M	181.25M	146.41M	116.83M	183.08M	156.14M	52.40M	45.60M
Selling, General & Admin	50.13M	49.76M	42.19M	34.91M	45.44M	35.18M	29.58M	25.39M	21.48M	15.74M	12.62M	11.31M	130.65M	129.11M	118.57M	124.60M	96.49M	86.38M	78.49M	73.49M	64.57M	58.10M	65.85M	54.53M	42.34M	35.99M	72.92M	60.12M	43.70M	39.20M
Research & Development	N/A	2.56M	2.39M	2.05M	1.71M	1.78M	1.82M	1.66M	1.53M	1.46M	1.23M	1.10M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Other Operating Expenses	191.81M	231.09M	163.84M	120.28M	123.62M	-2.00K	-11.00K	4.00K	-58.00K	289.00K	99.00K	14.00K	59.68M	56.58M	54.15M	N/A	321.69M	196.95M	180.21M	160.49M	141.91M	139.10M	137.45M	126.71M	104.07M	80.83M	110.17M	96.02M	8.70M	6.40M
Operating Income	88.21M	265.98M	159.30M	73.92M	118.82M	122.03M	108.67M	59.98M	81.77M	96.41M	84.36M	83.53M	77.11M	53.74M	18.79M	70.28M	71.05M	75.40M	67.44M	53.60M	40.18M	32.74M	31.66M	37.30M	26.44M	16.01M	16.80M	9.34M	33.30M	29.90M
Other Expenses / Income	-31.57M	-5.14M	-4.34M	-4.56M	-2.71M	-1.78M	-1.22M	-1.32M	-2.10M	-321.00K	-433.00K	-377.00K	-545.00K	-640.00K	-601.00K	-874.00K	1.26M	3.15M	3.80M	1.07M	529.00K	1.42M	546.00K	666.00K	-454.00K	-1.17M	-4.62M	-1.57M	-25.50M	-22.90M
Before Tax Income	56.64M	260.84M	154.96M	69.36M	116.11M	120.25M	107.45M	58.39M	79.67M	96.08M	83.92M	83.16M	76.56M	53.10M	18.18M	69.41M	72.31M	78.54M	71.24M	54.67M	40.71M	34.16M	32.20M	37.97M	25.99M	14.84M	14.09M	6.44M	7.80M	7.00M
Income Tax Expenses	13.84M	67.65M	38.87M	16.59M	29.01M	28.20M	20.13M	30.72M	24.09M	34.92M	29.45M	30.49M	29.37M	21.06M	8.24M	26.87M	27.39M	29.62M	26.33M	20.25M	14.90M	12.54M	12.32M	14.52M	9.95M	5.65M	5.49M	2.46M	3.30M	3.00M
Net Income	167.35M	193.19M	105.86M	52.77M	87.10M	92.05M	87.32M	27.67M	55.58M	61.17M	54.47M	52.67M	47.20M	32.04M	9.95M	42.54M	44.92M	48.92M	44.91M	34.42M	25.82M	21.62M	19.88M	23.45M	16.04M	10.15M	8.59M	3.98M	4.50M	4.00M
Interest Expenses	31.57M	5.14M	4.34M	4.56M	2.71M	1.78M	1.21M	1.60M	2.05M	610.00K	532.00K	391.00K	619.00K	730.00K	670.00K	1.24M	491.00K	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Basic Shares Outstanding	25.91M	26.78M	27.16M	27.63M	28.20M	29.08M	30.11M	30.41M	30.88M	30.60M	30.14M	28.97M	29.05M	28.98M	28.93M	28.81M	29.61M	31.09M	31.85M	32.17M	31.87M	32.26M	32.42M	31.68M	30.07M	27.69M	2.98M	3.03M	25.95M	27.26M
Diluted Shares Outstanding	26.00M	26.93M	27.29M	27.70M	28.31M	29.19M	30.21M	30.74M	31.22M	31.13M	30.76M	29.54M	29.43M	29.11M	28.99M	29.02M	29.96M	31.52M	32.31M	32.78M	32.68M	33.26M	33.51M	33.49M	31.66M	28.74M	3.09M	3.03M	26.99M	27.26M
EBITDA	145.62M	290.14M	198.85M	111.05M	148.81M	164.21M	149.80M	98.19M	118.87M	127.83M	108.03M	104.57M	98.18M	74.28M	38.34M	87.26M	83.63M	84.33M	-105.28M	-93.26M	47.45M	143.00K	40.07M	-85.12M	-71.64M	-56.13M	-4.71M	-7.11M	42.00M	36.30M
EBITDA Margin	10.62%	14.70%	11.96%	8.75%	10.55%	12.43%	13.61%	9.99%	12.39%	16.37%	16.56%	17.89%	18.30%	15.35%	9.19%	18.39%	21.29%	23.91%	-32.80%	-33.05%	19.64%	0.06%	17.61%	-39.61%	-41.94%	-43.03%	-2.47%	-4.53%	28.36%	26.89%
EBIT	212.76M	265.98M	149.07M	73.92M	118.82M	122.03M	108.66M	59.98M	81.71M	96.69M	84.45M	83.55M	77.18M	53.83M	18.86M	70.65M	72.80M	78.54M	71.24M	54.67M	40.71M	34.16M	32.20M	37.97M	25.99M	15.81M	14.09M	6.44M	7.80M	7.00M
EBIT Margin	15.52%	13.48%	8.97%	5.82%	8.42%	9.24%	9.87%	6.10%	8.52%	12.38%	12.94%	14.29%	14.39%	11.12%	4.52%	14.89%	18.54%	22.27%	22.20%	19.37%	16.86%	15.11%	14.16%	17.67%	15.21%	12.12%	7.40%	4.10%	5.27%	5.19%
Financial Year End	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2009-02-24	2008-02-19	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31	1994-12-31