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Forward Air Corporation  (FWRD)
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Forward Air's ROI from its fourth quarter of 2023 to the fourth quarter of 2022 and 5 Year Period

Return on Investment, Quarterly Results, Trends, Rankings, Statistics

What is Forward Air's ROI in the fourth quarter of 2023?
Forward Air Corporation achieved a return on average invested assets (ROI) of 21.06 % in its fourth quarter of 2023, this is above FWRD's average return on investment of 11.56%.
Forward Air Corporation invested over the 12 months ending in its fourth quarter of 2023 $795 million

ROI has improved compared to 13.45% in the third quarter of 2023, due to net income growth.

Within the Transportation sector 2 other companies had a higher return on investment. While Return on investment, overall ranking has progressed in the Dec 31 2023 quarter, so far to 262, from total ROI ranking in the third quarter of 2023 at 654.

Definition and Formula of Return on Investment


Return On Investment (Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Investment Change -6.09 % -0.64 % -22.95 % -14.56 % -
Y / Y Net Income Change 136.93 % -82.18 % -64.01 % -14.8 % 6.12 %
Investment (TTM) in Millions 764 785 793 836 814
Return On Investment (TTM) 21.06 % 13.45 % 18.73 % 21.54 % 21.39 %
FWRD's Overall Ranking # 262 # 654 # 472 # 385 # 467
Seq. Investment Change -2.59 % -1.11 % -5.13 % 2.76 % 3.06 %
Seq. Net Income Change 995.43 % -53.45 % -45.14 % -15.31 % -17.63 %
Net Income (TTM) in Millions 167 109 151 187 193




Return On Investment FWRD's Ranking
Within: No.
Industry # 2
Sector # 3
Overall # 262

Return On Investment Statistics
High Average Low
19.26 %
11.56 %
4.11 %
(Mar 31 2023)   (Mar 31 2021)



  News about Forward Air Corporation

Forward Air's Exceptional Leadership Recognized for Outstanding Service and Achieving Impressive ROI



Forward Air Corporation is pleased to announce that four of its leaders have been recognized for their outstanding achievements in their respective areas. This recognition comes at a time when the company has achieved an impressive return on average invested assets (ROI) in its fourth quarter of 2023. Let's delve into the facts and assess the impact of these achievements on Forward Air Corporation.
Facts:
- Supply and Demand Chain Executive has granted the 2024 Pros to Know award to four leaders at Forward Air Corporation.
- Chris Ruble, President and Chief Operating Officer, has received the esteemed Lifetime Achievement award.
- Forward Air Corporation achieved a remarkable ROI of 21.06% in its fourth quarter of 2023.
- This ROI surpasses the company's average return on investment, which stands at 11.56%.






Financial Statements
Forward Air's IV. Quarter Investments $ 764 Millions FWRD's Balance sheet
Forward Air's IV. Quarter Income $ 102 Millions Quarterly FWRD's Income Statement
FWRD's Income by Division See FWRD's Income by Division


FWRD Annual Return On Investment (Dec 31 2023)
2023
(Dec 31 2022)
2022
(Dec 31 2021)
2021
(Dec 31 2019)
2019
(Dec 31 2018)
2018
Total Investments in Millions 764 814 953 752 685
Y / Y Investment Growth -6.09 % -14.61 % 26.71 % 9.73 % 9.23 %
Net Income in Millions 167 193 106 87 92
Y / Y Net Income Growth -13.38 % 82.5 % 21.54 % -5.38 % 5.42 %
Annual Return On Investment 21.9 % 23.74 % 11.11 % 11.58 % 13.43 %


Annual Roi Comment
In the fiscal year 2023 ROI decreased relative to the previous year to 21.9 %, due to deterioration of net income.

Definition and Formula of Return on Investment

Other ROI Ratios
Marine Transportation Industry Roi Trends and Statistics
Transportation Sector Return On Investment Statistics
Roi Trends for overall market
FWRD's Roi Ratio versus Marine Transportation Industry, Transportation Sector and total Market
Highest Ranking Return On Investment
Lowest Ranking Return On Investment
Return On Investment for FWRD's Competitors
Roi for Forward Air's Suppliers
Return On Investment for FWRD's Customers

Other Ratios
FWRD's Roa FWRD's Inventory Turnover Ratio FWRD's Growth Rates FWRD's Dividend Statistics
FWRD's Profitability Ratios FWRD's Asset Turnover Ratio FWRD's Dividend Growth
FWRD's Roe FWRD's Valuation Ratios FWRD's Financial Strength Ratios FWRD's Dividend Payout Ratio



Companies with similar Return On Investment at Dec 31 2023, within Transportation Sector ROI
Toro Corp   47.23 %
Torm Plc  32.67 %
Landstar System Inc   25.26 %
Forward Air Corporation  18.92 %
Dorian Lpg Ltd   18.39 %
Ardmore Shipping Corp  17.78 %
Teekay Corporation  16.73 %
Scorpio Tankers Inc   16.63 %
Polaris Inc   16.35 %
Global Ship Lease Inc   16.15 %
Delta Air Lines Inc   15.13 %
Dht Holdings Inc   14.76 %
Arcbest Corporation  13.90 %
J b Hunt Transport Services Inc   13.32 %
United Parcel Service Inc   13.06 %
C h Robinson Worldwide Inc   11.68 %
Union Pacific Corp  10.26 %
Fedex Corporation  8.67 %
Marten Transport Ltd  8.07 %
Csx Corporation  7.86 %
The Greenbrier Companies Inc   7.20 %
Overseas Shipholding Group Inc   6.61 %
Star Bulk Carriers Corp   6.50 %
Latam Airlines Group S a   6.48 %
Covenant Logistics Group Inc   6.45 %
Safe Bulkers Inc   6.02 %
Westinghouse Air Brake Technologies Corporation  5.47 %
Schneider National Inc   5.33 %
Canadian Pacific Kansas City Ltd  5.24 %
Norfolk Southern Corporation  4.89 %


Date modified: 2024-03-18T19:53:13+00:00



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