Forward Air Corporation (FWRD)
Profitability ratios
Return on sales
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 73.77% | 67.37% | 69.17% | 71.24% | 71.93% | 72.41% | 71.89% | 71.05% | 70.38% | 76.80% | 78.39% | 79.80% | 80.26% | 84.76% | 72.17% | 61.00% | 51.52% | 48.01% | 45.87% | 43.68% |
| Operating profit margin | 5.61% | 9.21% | 11.82% | 13.47% | 13.53% | 13.18% | 12.25% | 11.01% | 9.62% | 8.27% | 7.47% | 6.11% | 5.82% | 6.95% | 7.51% | 8.61% | 9.53% | 9.43% | 9.35% | 9.45% |
| Pretax margin | 11.53% | 8.67% | 11.37% | 13.12% | 13.27% | 13.07% | 11.79% | 10.52% | 8.74% | 5.90% | 5.38% | 3.36% | 3.18% | 5.80% | 6.52% | 8.26% | 9.45% | 9.31% | 9.17% | 9.19% |
| Net profit margin | 10.65% | 6.34% | 8.37% | 9.71% | 9.83% | 9.80% | 8.73% | 7.80% | 6.39% | 3.94% | 3.70% | 2.01% | 1.87% | 4.23% | 4.74% | 6.21% | 7.17% | 7.24% | 7.15% | 7.15% |
The profitability ratios of Forward Air Corporation have shown fluctuations over the periods analyzed. The gross profit margin, which measures the efficiency of the company's production process, has ranged from 43.68% to 84.76% over the past five years, with a downward trend in recent quarters.
The operating profit margin, indicating the company's ability to generate profit from its core operations, has also varied, ranging from 5.61% to 13.53%. The trend has been somewhat inconsistent, with peaks and valleys in the margins recorded.
The pretax margin, reflecting the percentage of each dollar of revenue that translates into profit before taxes, has shown a similar pattern of fluctuation, oscillating between 3.18% and 13.27% over the periods examined.
Lastly, the net profit margin, which illustrates the company's profitability after all expenses have been deducted, has displayed similar volatility, ranging from 1.87% to 10.65%. Overall, Forward Air Corporation's profitability ratios indicate variability in performance and suggest a need for improved cost management and revenue generation strategies.
Return on investment
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 2.96% | 13.24% | 18.05% | 21.13% | 22.02% | 21.63% | 18.99% | 16.62% | 14.25% | 11.96% | 10.08% | 7.96% | 7.06% | 8.21% | 8.55% | 10.02% | 11.69% | 12.04% | 12.68% | 13.84% |
| Return on assets (ROA) | 5.62% | 9.12% | 12.78% | 15.24% | 15.99% | 16.08% | 13.54% | 11.77% | 9.47% | 5.69% | 5.00% | 2.61% | 2.27% | 4.99% | 5.40% | 7.23% | 8.79% | 9.24% | 9.69% | 10.47% |
| Return on total capital | 27.84% | 20.09% | 26.95% | 30.99% | 32.68% | 32.49% | 27.15% | 24.38% | 19.60% | 17.28% | 15.20% | 9.06% | 6.80% | 13.77% | 14.69% | 18.65% | 18.23% | 21.20% | 21.54% | 21.90% |
| Return on equity (ROE) | 21.90% | 16.31% | 22.48% | 27.26% | 27.32% | 27.94% | 24.40% | 22.45% | 17.83% | 10.97% | 9.82% | 4.87% | 4.34% | 9.48% | 10.22% | 13.62% | 15.09% | 16.15% | 16.50% | 16.75% |
Forward Air Corporation's profitability ratios have shown fluctuations over the past few quarters.
- Operating return on assets (ROA) has been relatively stable, ranging from 2.96% to 22.02%. This ratio indicates the company's ability to generate operating profits from its assets, with a peak of 22.02% in Dec 2022.
- Return on assets (ROA) has varied from 2.27% to 15.99% over the same period. This ratio reflects the overall profitability of the company, with a peak of 15.99% in Dec 2022.
- Return on total capital has ranged from 6.80% to 32.68%, indicating the company's ability to generate returns for both equity and debt holders. The ratio peaked at 32.68% in Dec 2022, showing strong returns.
- Return on equity (ROE) has fluctuated between 4.34% and 27.94%, reflecting the returns generated for its shareholders. The highest ROE was recorded at 27.94% in Sep 2022, signaling good profitability for equity investors.
Overall, Forward Air Corporation has demonstrated varying levels of profitability over the analyzed periods, with some quarters showing stronger returns than others. Investors and stakeholders should continue to monitor these ratios to assess the company's financial performance and profitability.