Forward Air
Income Statement
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Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. Forward Air's past years’ income statements indicate that its last revenue has decreased compared to the previous period by 31% to $1,370,735,000. Profit margin reached 12%. Total operating expenses were $299,347,000.
Profit Margin
| 2014 | 780.95M | 61.16M | 7.83% |
|---|---|---|---|
| 2015 | 959.12M | 55.57M | 5.79% |
| 2016 | 982.53M | 27.67M | 2.82% |
| 2017 | 1.10B | 87.32M | 7.93% |
| 2018 | 1.32B | 92.05M | 6.97% |
| 2019 | 1.41B | 87.09M | 6.18% |
| 2020 | 1.26B | 52.76M | 4.16% |
| 2021 | 1.66B | 105.85M | 6.37% |
| 2022 | 1.97B | 193.19M | 9.79% |
| 2023 | 1.37B | 167.35M | 12.21% |
FWRD Income Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||
Revenue | 1.37B | 1.97B | 1.66B | 1.26B | 1.41B | 1.32B | 1.10B | 982.53M | 959.12M | 780.95M |
Cost of revenue | 1.04B | 1.42B | 1.29B | 1.04B | 1.12B | 1.05B | 864.30M | 767.29M | 768.70M | 601.95M |
Gross profit | 330.15M | 546.82M | 365.32M | 229.11M | 287.88M | 266.03M | 236.51M | 215.23M | 190.42M | 179.00M |
Operating exp. | ||||||||||
Research and development | 0 | 2.55M | 2.39M | 2.05M | 1.71M | 1.77M | 1.81M | 1.65M | 1.52M | 1.46M |
Selling and marketing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total operating expenses | 299.34M | 280.84M | 206.02M | 155.18M | 169.06M | 144.00M | 127.84M | 112.81M | 108.64M | 82.59M |
Operating income | 88.21M | 265.97M | 159.30M | 73.92M | 118.82M | 122.03M | 108.67M | 59.97M | 81.77M | 96.40M |
Other income (expenses), net | -31.57M | -5.13M | -4.33M | -4.56M | -2.71M | -2K | -1.22M | -42.43M | -2.10M | -321K |
Income before tax | 56.63M | 260.83M | 154.96M | 69.36M | 116.11M | 120.24M | 107.45M | 58.38M | 79.66M | 96.08M |
Income tax expense | 13.83M | 67.64M | 38.87M | 16.59M | 29.01M | 28.19M | 20.13M | 30.71M | 24.09M | 34.91M |
Net income | 167.35M | 193.19M | 105.85M | 52.76M | 87.09M | 92.05M | 87.32M | 27.67M | 55.57M | 61.16M |
Earnings per share | ||||||||||
Basic EPS | 0.44 | 7.18 | 3.87 | 1.91 | 3.06 | 3.17 | 2.9 | 0.91 | 1.8 | 1.99 |
Diluted EPS | 0.43 | 7.14 | 3.85 | 1.91 | 3.04 | 3.15 | 2.89 | 0.9 | 1.78 | 1.96 |
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