Forward Air Corporation (FWRD)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 241,491 | 241,491 | 226,084 | 283,764 | 926,071 | 764,261 | 665,700 | 673,609 | 685,633 | 707,244 | 682,698 | 664,350 | 611,771 | 593,654 | 555,536 | 550,349 | 544,731 | 547,329 | 552,196 | 566,292 |
| ROE | -327.83% | -338.30% | -369.11% | -264.94% | -9.33% | 1.53% | 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% |
March 31, 2025 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $-791,673K ÷ $241,491K
= -327.83%
Forward Air Corporation's return on equity (ROE) has shown significant fluctuations over the past few years. From June 2020 to September 2021, the ROE remained relatively stable, ranging from 9.48% to 10.97%. However, there was a notable improvement in ROE by the end of 2021, reaching 17.83% and showing a positive trend through the first half of 2022.
The company's ROE peaked at 27.94% in September 2022, indicating a strong performance in generating profits from shareholders' equity. However, there was a slight decline in ROE in the following quarters, dropping to 16.31% by September 2023. The ROE took a sharp downturn at the end of 2023, plunging to 1.53% by December.
From March 2024 onwards, Forward Air Corporation experienced negative ROE, falling to -327.83% by March 2025. This negative trend suggests that the company's net income was insufficient to cover shareholder equity, raising concerns about its profitability and financial health. It is important for stakeholders to closely monitor the factors impacting ROE to assess the company's ability to generate returns on equity in the future.
Peer comparison
Mar 31, 2025