Forward Air (FWRD) Revenue & Revenue Breakdown

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Forward Air Revenue Highlights

Latest Revenue (Y)

$1.37B

Latest Revenue (Q)

$603.83M

Main Segment (Y)

Expedited Freight Segment

Forward Air Revenue by Period

Forward Air Revenue by Year

Date	Revenue	Change
2023-12-31	$1.37B	-30.54%
2022-12-31	$1.97B	18.71%
2021-12-31	$1.66B	30.94%
2020-12-31	$1.27B	-9.98%
2019-12-31	$1.41B	6.78%
2018-12-31	$1.32B	19.99%
2017-12-31	$1.10B	12.04%
2016-12-31	$982.53M	2.44%
2015-12-31	$959.13M	22.81%
2014-12-31	$780.96M	19.69%
2013-12-31	$652.48M	11.64%
2012-12-31	$584.45M	8.96%
2011-12-31	$536.40M	10.84%
2010-12-31	$483.94M	15.94%
2009-12-31	$417.41M	-12.02%
2008-12-31	$474.44M	20.80%
2007-12-31	$392.74M	11.33%
2006-12-31	$352.76M	9.92%
2005-12-31	$320.93M	13.73%
2004-12-31	$282.20M	16.84%
2003-12-31	$241.52M	6.83%
2002-12-31	$226.07M	-0.63%
2001-12-31	$227.50M	5.86%
2000-12-31	$214.91M	25.79%
1999-12-31	$170.84M	30.98%
1998-12-31	$130.44M	-31.49%
1997-12-31	$190.40M	21.20%
1996-12-31	$157.10M	6.08%
1995-12-31	$148.10M	9.70%
1994-12-31	$135.00M	41.66%
1993-12-31	$95.30M	-

Forward Air generated $1.37B in revenue during NA 2023, up -30.54% compared to the previous quarter, and up 103.77% compared to the same period a year ago.

Forward Air Revenue by Quarter

Date	Revenue	Change
2024-09-30	$603.83M	-6.19%
2024-06-30	$643.67M	18.80%
2024-03-31	$541.81M	60.10%
2023-12-31	$338.43M	-18.13%
2023-09-30	$413.37M	2.78%
2023-06-30	$402.18M	-5.83%
2023-03-31	$427.07M	-11.25%
2022-12-31	$481.20M	-5.65%
2022-09-30	$510.02M	-1.01%
2022-06-30	$515.22M	10.33%
2022-03-31	$466.96M	1.53%
2021-12-31	$459.93M	9.60%
2021-09-30	$419.63M	-0.25%
2021-06-30	$420.67M	16.14%
2021-03-31	$362.20M	3.39%
2020-12-31	$350.34M	5.53%
2020-09-30	$332.00M	17.86%
2020-06-30	$281.68M	-17.76%
2020-03-31	$342.51M	-10.22%
2019-12-31	$381.50M	5.49%
2019-09-30	$361.66M	4.60%
2019-06-30	$345.76M	7.55%
2019-03-31	$321.47M	-9.84%
2018-12-31	$356.56M	7.60%
2018-09-30	$331.38M	0.31%
2018-06-30	$330.34M	9.17%
2018-03-31	$302.61M	-1.15%
2017-12-31	$306.12M	9.25%
2017-09-30	$280.20M	4.74%
2017-06-30	$267.52M	8.31%
2017-03-31	$246.98M	-6.73%
2016-12-31	$264.79M	6.11%
2016-09-30	$249.55M	4.57%
2016-06-30	$238.64M	3.96%
2016-03-31	$229.55M	-10.48%
2015-12-31	$256.42M	3.77%
2015-09-30	$247.09M	-1.04%
2015-06-30	$249.69M	21.26%
2015-03-31	$205.92M	-3.80%
2014-12-31	$214.06M	6.25%
2014-09-30	$201.48M	3.93%
2014-06-30	$193.85M	12.99%
2014-03-31	$171.57M	-5.25%
2013-12-31	$181.09M	6.50%
2013-09-30	$170.03M	6.40%
2013-06-30	$159.80M	12.89%
2013-03-31	$141.56M	-8.98%
2012-12-31	$155.53M	8.37%
2012-09-30	$143.51M	-3.24%
2012-06-30	$148.33M	8.20%
2012-03-31	$137.08M	-7.54%
2011-12-31	$148.26M	9.22%
2011-09-30	$135.75M	2.69%
2011-06-30	$132.19M	9.98%
2011-03-31	$120.20M	-9.83%
2010-12-31	$133.31M	9.70%
2010-09-30	$121.52M	-0.50%
2010-06-30	$122.13M	14.17%
2010-03-31	$106.98M	-9.36%
2009-12-31	$118.02M	14.49%
2009-09-30	$103.08M	3.39%
2009-06-30	$99.70M	3.19%
2009-03-31	$96.62M	-21.74%
2008-12-31	$123.45M	1.62%
2008-09-30	$121.48M	-0.06%
2008-06-30	$121.56M	12.62%
2008-03-31	$107.94M	-5.72%
2007-12-31	$114.49M	-

Forward Air generated $603.83M in revenue during Q3 2024, up -6.19% compared to the previous quarter, and up 150.14% compared to the same period a year ago.

Forward Air Revenue Breakdown

Forward Air Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Dec 23	Dec 22	Dec 21	Dec 20	Dec 19
Intermodal Segment	$273.93M	$419.70M	$289.17M	-	-
Expedited Freight Segment	$1.10B	$1.55B	$1.37B	-	-
Intermodal	-	-	-	$199.57M	$217.61M
Intersegment Eliminations	-	-	-	$-2.33M	$-3.46M
Expedited Freight	-	-	-	$1.07B	$985.70M
Pool Distribution	-	-	-	-	$207.09M

Forward Air's latest annual revenue breakdown by segment (product or service), as of Dec 23: Expedited Freight Segment (80.02%), and Intermodal Segment (19.98%).

Quarterly Revenue by Product

Product/Service	Sep 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Sep 20	Jun 20	Mar 20	Sep 19	Jun 19	Mar 19
Expedited Freight Segment	$284.71M	$273.30M	$68.68M	$351.35M	$338.00M	$338.93M	$372.81M	$395.63M	$408.86M	$376.59M	$376.79M	$341.56M	$351.74M	$304.19M	-	-	-	-	-	-
Intermodal Segment	$57.27M	$56.22M	$59.40M	$62.13M	$64.22M	$88.16M	$108.44M	$114.42M	$106.41M	$90.44M	$83.39M	$78.16M	$69.12M	$58.50M	-	-	-	-	-	-
Final Mile revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$56.99M	$53.43M	$47.80M	-	-	-
Intersegment Eliminations	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$34.00K	$-1.00K	-	-	-	-
Intermodal	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$48.94M	$46.42M	$52.45M	$58.32M	$50.52M	$54.10M
Expedited Freight	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$283.02M	$235.42M	$250.67M	-	-	-
Truckload revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$49.84M	$41.86M	$45.06M	-	-	-
Other revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$7.38M	$6.20M	$6.29M	-	-	-
Network revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$169.30M	$134.17M	$152.01M	-	-	-
Pool Distribution	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$39.38M	$50.92M	$45.70M	$45.10M
Expedited LTL	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$207.42M	$203.99M	$177.35M
Truckload Expedited	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$45.00M	$45.54M	$44.92M

Forward Air's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Expedited Freight Segment (83.25%), and Intermodal Segment (16.75%).

Forward Air Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
CHRW	C.H. Robinson Worldwide	$17.60B	$4.64B
JBHT	J.B. Hunt Transport Services	$12.83B	$3.07B
EXPD	Expeditors of Washington	$9.30B	$3.00B
LSTR	Landstar System	$5.30B	$1.21B
HUBG	Hub Group	$4.20B	$986.89M
FWRD	Forward Air	$1.37B	$603.83M

FWRD Revenue FAQ

What is Forward Air’s yearly revenue?

Forward Air's yearly revenue for 2023 was $1.37B, representing a decrease of -30.54% compared to 2022. The company's yearly revenue for 2022 was $1.97B, representing an increase of 18.71% compared to 2021. FWRD's yearly revenue for 2021 was $1.66B, representing an increase of 30.94% compared to 2020.

What is Forward Air’s quarterly revenue?

Forward Air's quarterly revenue for Q3 2024 was $603.83M, a -6.19% decrease from the previous quarter (Q2 2024), and a 46.08% increase year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $643.67M, a 18.80% increase from the previous quarter (Q1 2024), and a 60.04% increase year-over-year (Q2 2023). FWRD's quarterly revenue for Q1 2024 was $541.81M, a 60.10% increase from the previous quarter (Q4 2023), and a 26.87% increase year-over-year (Q1 2023).

What is Forward Air’s revenue growth rate?

Forward Air's revenue growth rate for the last 3 years (2021-2023) was -17.55%, and for the last 5 years (2019-2023) was -2.81%.

What are Forward Air’s revenue streams?

Forward Air's revenue streams in c 23 are Intermodal Segment, and Expedited Freight Segment. Intermodal Segment generated $273.92M in revenue, accounting 19.98% of the company's total revenue, down -34.73% year-over-year. Expedited Freight Segment generated $1.1B in revenue, accounting 80.02% of the company's total revenue, down -29.41% year-over-year.

What is Forward Air’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of Forward Air was Expedited Freight Segment. This segment made a revenue of $1.1B, representing 80.02% of the company's total revenue.