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Forward Air Corporation  (FWRD)
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FWRD's Net Income Growth by Quarter and Year

Forward Air's Net Income results by quarter and year




FWRD Net Income (in millions $) FY 2023 FY 2022 FY 2021 FY 2020
IV Quarter December 101.74 42.94 40.47 16.65
III Quarter September 9.29 52.13 23.54 3.15
II Quarter June 19.95 55.43 30.68 8.38
I Quarter March 36.37 42.69 11.18 24.17
FY   167.35 193.19 105.87 52.35



FWRD Net Income fourth quarter 2023 Y/Y Growth Comment
Forward Air Corporation achieved in the fourth quarter 2023, above Company average Net Income surge of 136.94% year on year, to $ 101.74 millions.

Among companies who have reported fourth quarter 2023 results in the Marine Transportation industry only one Company has achieved higher year on year Net Income results in the fourth quarter 2023. While Forward Air Corporation' s Net Income doubling of 136.94% ranks overall at the positon no. 740 in the fourth quarter 2023.




FWRD Net Income ( Y/Y Growth %) 2023
2022 2021 2020
IV Quarter December 136.94 % 6.1 % 143.06 % -25 %
III Quarter September -82.18 % 121.45 % 647.3 % -85.89 %
II Quarter June -64.01 % 80.67 % 266.11 % -54.48 %
I Quarter March -14.8 % 281.84 % -53.74 % -12.68 %
FY   -13.37 % 82.48 % 102.23 % -42.23 %

Financial Statements
Forward Air's fourth quarter 2023 Net Income $ 101.74 millions FWRD's Income Statement
Forward Air's fourth quarter 2022 Net Income $ 42.94 millions Quarterly FWRD's Income Statement
New: More FWRD's historic Net Income Growth >>


FWRD Net Income (Quarter on Quarter Growth %)

2023
2022 2021 2020
IV Quarter December 995.2 % -17.63 % 71.92 % 428.57 %
III Quarter September -53.43 % -5.95 % -23.27 % -62.41 %
II Quarter June -45.15 % 29.84 % 174.42 % -65.33 %
I Quarter March -15.3 % 5.49 % -32.85 % 8.87 %
FY (Year on Year)   -13.37 % 82.48 % 102.23 % -42.23 %




Net Income fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
Marine Transportation Industry #2
Transportation Sector #11
Overall #740

Net Income Y/Y Growth Statistics
High Average Low
249.02 % 30.14 % -54.81 %
(Mar 31 2022)   (Mar 31 2021)
Net Income fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
Marine Transportation Industry #2
Transportation Sector #11
Overall #740
Net Income Y/Y Growth Statistics
High Average Low
249.02 % 30.14 % -54.81 %
(Mar 31 2022)   (Mar 31 2021)

Net Income by Quarter for the Fiscal Years 2020, 2021, 2022, 2023

Forward Air's Q/Q Net Income Growth


Net Income Q/Q Growth Statistics
High Average Low
995.43 % 42.59 % -71.62 %
(Dec 31 2023)  


FWRD's IV. Quarter Q/Q Net Income Comment
Forward Air Corporation achieved in the IV. Quarter 2023 above company average sequential Net Income doubling of 995.2%, to $ 101.74 millions, from $9.29 millions in the third quarter.
Marine Transportation company is undergoing a remarkable growth, not just claiming higher then average growth, but also accelerating rate.

Within Marine Transportation industry Forward Air Corporation achieved highest sequential Net Income growth. While Forward Air's Net Income growth quarter on quarter, overall rank is 34.


Net Income Q/Q Growth Company Ranking
Within: No.
Marine Transportation Industry #1
Transportation Sector #1
Overall #34
Net Income Q/Q Growth Company Ranking
Within: No.
Marine Transportation Industry #1
Transportation Sector #1
Overall #34
Net Income Q/Q Growth Statistics
High Average Low
995.43 % 42.59 % -71.62 %
(Dec 31 2023)  


FWRD's IV. Quarter Q/Q Net Income Comment
Forward Air Corporation achieved in the IV. Quarter 2023 above company average sequential Net Income doubling of 995.2%, to $ 101.74 millions, from $9.29 millions in the third quarter.
Marine Transportation company is undergoing a remarkable growth, not just claiming higher then average increase, and additionally accelerating speed, Isaac  Wood, an industry insider said.

Within Marine Transportation industry Forward Air Corporation achieved highest sequential Net Income growth. While Forward Air's Net Income growth quarter on quarter, overall rank is 34.


Forward Air's 12 Months Net Income Growth Year on Year


Net Income TTM Growth

12 Months Ending
(Dec 31 2023)
12 Months Ending
(Sep 30 2023)
12 Months Ending
(Jun 30 2023)
12 Months Ending
(Mar 31 2023)
12 Months Ending
(Dec 31 2022)
Cumulative Net Income 12 Months Ending $ 167.35 $ 108.55 $ 151.39 $ 186.87 $ 193.19
Y / Y Net Income Growth (TTM) -13.38 % -43.08 % -6.61 % 36.04 % 82.5 %
Year on Year Net Income Growth Overall Ranking # 188 # 141 # 82 # 91 # 210
Seqeuential Net Income Change (TTM) 54.17 % -28.3 % -18.99 % -3.27 % 1.3 %
Seq. Net Income Growth (TTM) Overall Ranking # 740 # 680 # 747 # 461 # 490




Cumulative Net Income growth Comment
Forward Air showed decline, but improvement compare to trailing twelve month Net Income decrease in Sep 30 2023. If the fiscal year would end in Dec 31 2023, Forward Air's annual Net Income improvement would be -13.38% year on year to $167 millions.

Among companies within the Transportation sector 4 other companies have achieved higher trailing twelve month Net Income growth. While Net Income growth total ranking has deteriorated compare to previous quarter from 141 to 188.

Net Income TTM Q/Q Growth Statistics
High Average Low
249.02 %
30.14 %
-54.81 %
 

Net Income TTM Y/Y Growth Company Ranking
Within: No.
Marine Transportation Industry # 2
Transportation Sector # 5
Overall # 188

Net Income TTM Y/Y Growth Statistics
High Average Low
249.02 %
30.14 %
-54.81 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 2
Sector # 11
S&P 500 # 740
Cumulative Net Income growth Comment
Forward Air showed decline, but improvement compare to trailing twelve month Net Income decrease in Sep 30 2023. If the fiscal year would end in Dec 31 2023, Forward Air's annual Net Income drop would be -13.38% year on year to $167 millions.

Among companies within the Transportation sector 4 other companies have achieved higher trailing twelve month Net Income growth. While Net Income growth total ranking has deteriorated compare to previous quarter from 141 to 188.

Net Income TTM Q/Q Growth Statistics
High Average Low
249.02 %
30.14 %
-54.81 %
 


Net Income TTM Y/Y Growth Company Ranking
Within: No.
Marine Transportation Industry # 2
Transportation Sector # 5
Overall # 188

Net Income TTM Y/Y Growth Statistics
High Average Low
249.02 %
30.14 %
-54.81 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 2
Sector # 11
S&P 500 # 740




Other Net Income Growth
Marine Transportation Industry Net Income Growth Trends and Statistics
Transportation Sector Net Income Growth Statistics
Net Income Growth Trends for overall market
FWRD's Net Income Growth Ratio versus Marine Transportation Industry, Transportation Sector and total Market
Highest Ranking Net Income Growth
Lowest Ranking Net Income Growth
Net Income Growth for FWRD's Competitors
Net Income Growth for Forward Air's Suppliers
Net Income Growth for FWRD's Customers

You may also want to know
FWRD's Annual Growth Rates 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
FWRD's Roa FWRD's Inventory Turnover Ratio FWRD's Growth Rates FWRD's Dividend Comparisons



Companies with similar Net Income drop for the quarter ending Dec 31 2023 within Transportation SectorY/Y Change %Net Income for the quarter ending Dec 31 2023
Teekay Corporation173.25%$ 173.248 millions
Dht Holdings Inc 160.41%$ 160.406 millions
Delta Air Lines Inc 146.01%$ 146.014 millions
Forward Air Corporation136.93%$ 136.934 millions
Overseas Shipholding Group Inc 102.48%$ 102.479 millions
Dorian Lpg Ltd 95.02%$ 95.017 millions
Trinity Industries Inc88.12%$ 88.122 millions




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