FORWARD AIR CORPORATION (FWRD) Return on equity 2016–2025
FORWARD AIR CORPORATION (FWRD) return on equity by fiscal year — reported net income divided by year-end shareholders’ equity.
-95.1%FY2025 · since FY2016: 5.5% → -95.1%
| Fiscal year | Value | YoY |
|---|---|---|
| FY2025 | -95.1% | +309.9 pp |
| FY2024 | -405.0% | -426.9 pp |
| FY2023 | 21.9% | -5.4 pp |
| FY2022 | 27.3% | +9.5 pp |
| FY2021 | 17.8% | +13.5 pp |
| FY2020 | 4.3% | -10.8 pp |
| FY2019 | 15.1% | -1.5 pp |
| FY2018 | 16.6% | +0.3 pp |
| FY2017 | 16.4% | +10.9 pp |
| FY2016 | 5.5% | — |
ROE = reported net income ÷ reported year-end shareholders’ equity for the same fiscal year. Heavy buybacks shrink equity and can push ROE very high (or negative-equity years drop out).
Source: SEC XBRL filings · For reference only · Not investment advice
More FWRD financial trends
FWRD RevenueFWRD Net incomeFWRD Net marginFWRD Gross profitFWRD Gross marginFWRD Operating incomeFWRD Operating marginFWRD Operating cash flowFWRD Free cash flowFWRD Capital expendituresFWRD Stock buybacksFWRD Dividends paidFWRD Total assetsFWRD Total liabilitiesFWRD Shareholders’ equityFWRD overview →