Forward Air (FWRD) Revenue & Revenue Breakdown
Forward Air Revenue Highlights
Latest Revenue (Y)
$1.37B
Latest Revenue (Q)
$643.67M
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 |
|---|---|---|
| 2024-06-30 | $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 $643.67M in revenue during Q2 2024, up 18.80% compared to the previous quarter, and up 150.72% 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 |
|---|---|---|---|---|---|
| Expedited Freight Segment | $1.10B | $1.55B | $1.37B | - | - |
| Intermodal Segment | $273.93M | $419.70M | $289.17M | - | - |
| Intermodal | - | - | - | $199.57M | $217.61M |
| Expedited Freight | - | - | - | $1.07B | $985.70M |
| Intersegment Eliminations | - | - | - | $-2.33M | $-3.46M |
| 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 | 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 | Dec 18 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Intermodal Segment | $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 | - | - | - | - | - | - | - |
| Expedited Freight Segment | $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 | - | - | - | - | - | - | - |
| Final Mile revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | $56.99M | $53.43M | $47.80M | - | - | - | - |
| Network revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | $169.30M | $134.17M | $152.01M | - | - | - | - |
| Other revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | $7.38M | $6.20M | $6.29M | - | - | - | - |
| Truckload revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | $49.84M | $41.86M | $45.06M | - | - | - | - |
| Expedited Freight | - | - | - | - | - | - | - | - | - | - | - | - | - | $283.02M | $235.42M | $250.67M | - | - | - | - |
| Intermodal | - | - | - | - | - | - | - | - | - | - | - | - | - | $48.94M | $46.42M | $52.45M | $58.32M | $50.52M | $54.10M | $200.53M |
| Intersegment Eliminations | - | - | - | - | - | - | - | - | - | - | - | - | - | $34.00K | $-1.00K | - | - | - | - | - |
| Pool Distribution | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $39.38M | $50.92M | $45.70M | $45.10M | $193.41M |
| Expedited LTL | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $207.42M | $203.99M | $177.35M | $735.06M |
| Truckload Expedited | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $45.00M | $45.54M | $44.92M | - |
Forward Air's latest quarterly revenue breakdown by segment (product or service), as of Mar 24: Expedited Freight Segment (82.94%), and Intermodal Segment (17.06%).
Forward Air Peer Comparison by Revenue
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 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). The company'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). FWRD's quarterly revenue for Q4 2023 was $338.43M, a -18.13% decrease from the previous quarter (Q3 2023), and a -29.67% decrease year-over-year (Q4 2022).
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 Expedited Freight Segment, and Intermodal Segment. Expedited Freight Segment generated $1.1B in revenue, accounting 80.02% of the company's total revenue, down -29.41% year-over-year. Intermodal Segment generated $273.92M in revenue, accounting 19.98% of the company's total revenue, down -34.73% 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.