Forward Air Corporation (FWRD)
Return on assets (ROA)
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -791,673 | -816,969 | -834,501 | -751,805 | -86,421 | 11,659 | 108,549 | 151,394 | 186,873 | 193,191 | 190,714 | 162,117 | 137,364 | 105,859 | 60,951 | 54,062 | 26,539 | 23,733 | 52,344 | 57,892 |
| Total assets | US$ in thousands | 2,802,640 | 2,802,640 | 3,055,840 | 3,067,320 | 3,959,260 | 3,041,080 | 1,190,580 | 1,184,570 | 1,226,570 | 1,208,080 | 1,186,060 | 1,197,140 | 1,166,810 | 1,117,820 | 1,070,510 | 1,081,840 | 1,015,900 | 1,047,770 | 1,048,210 | 1,072,500 |
| ROA | -28.25% | -29.15% | -27.31% | -24.51% | -2.18% | 0.38% | 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% |
March 31, 2025 calculation
ROA = Net income (ttm) ÷ Total assets
= $-791,673K ÷ $2,802,640K
= -28.25%
The return on assets (ROA) of Forward Air Corporation has shown significant fluctuations over the past few years. The ROA was relatively stable around 5% to 6% from June 2020 to June 2021. However, there was a notable increase in ROA in the latter half of 2021, reaching a peak of 16.08% in September 2022.
From December 2022 to June 2023, the ROA remained above 9%, indicating strong asset utilization. However, starting from September 2023, there was a sharp decline in ROA, falling to 0.38% by December 2023 and turning negative by March 2024.
The negative trend continued, with ROA reaching its lowest point of -29.15% by December 2024, signaling a significant decline in profitability relative to its assets. This negative trend persisted into March 2025, with the ROA at -28.25%.
Overall, the ROA of Forward Air Corporation has shown volatility and a decline in recent periods, indicating potential challenges in effectively generating profits from its assets. Further analysis of the company's financial performance and operational strategies may be necessary to address these issues.
Peer comparison
Mar 31, 2025