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Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. Forward Air's Net Income for the three months ended in Dec. 2023 was $102 Mil. Its Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was $167 Mil.
Net Income is linked to the most popular Earnings per Share (Diluted) number. Forward Air's Earnings per Share (Diluted) for the three months ended in Dec. 2023 was $3.96.
The historical data trend for Forward Air's Net Income can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Forward Air Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Net Income | Get a 7-Day Free Trial | 87.10 | 23.73 | 105.86 | 193.19 | 167.35 |
Forward Air Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Net Income | Get a 7-Day Free Trial | 42.94 | 36.37 | 19.95 | 9.29 | 101.74 |
Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.
Net Income
= Revenue
- Cost of Goods Sold
- Selling, General, & Admin. Expense
- Research & Development
- Depreciation, Depletion and Amortization
- Interest Expense
- Non Operating Income (NRI) - Tax Expense + Others
= EBITDA
- Depreciation, Depletion and Amortization
- Interest Expense
- Non Operating Income (NRI) - Tax Expense + Others
= Operating Income
- Interest Expense
- Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others
Forward Air's Net Income for the fiscal year that ended in Dec. 2023 is calculated as
Net Income | (A: Dec. 2023 ) | ||||||
= | Pre-Tax Income | + | Tax Provision | + | Net Income (Discontinued Operations) | + | Others |
= | 56.639 | + | -13.836 | + | 124.548 | + | 0 |
= | 167 |
Forward Air's Net Income for the quarter that ended in Dec. 2023 is calculated as
Net Income | (Q: Dec. 2023 ) | ||||||
= | Pre-Tax Income | + | Tax Provision | + | Net Income (Discontinued Operations) | + | Others |
= | -31.979 | + | 9.175 | + | 116.465 | + | 8.083 |
= | 102 |
Net Income for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $167 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Forward Air (NAS:FWRD) Net Income Explanation
Net Income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:
Forward Air's Earnings per Share (Diluted) (EPS) for the quarter that ended in Dec. 2023 is calculated as
Earnings per Share (Diluted) (Q: Dec. 2023 ) | = | (Net Income | - | Preferred Dividends) | / | Shares Outstanding (Diluted Average) |
= | (101.744 | - | 0) | / | 25.724 | |
= | 3.96 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
EPS is most useful for companies that have:
A predictable businessThe dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.
Be Aware
Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred Net Income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.
Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.
If net earnings is less than 10%, likely to be in a highly competitive business.
Thank you for viewing the detailed overview of Forward Air's Net Income provided by GuruFocus.com. Please click on the following links to see related term pages.
Chris C Ruble | officer: Sr. Vice President, Operations | PO BOX 1058, GREENVILLIE TN 37744 |
Kyle R Mitchin | officer: Senior VP, Human Resources | 1915 SNAPPS FERRY ROAD, BUILDING N, GREENEVILLE TN 37745 |
Nancee L Ronning | officer: Chief Commercial Officer | 1915 SNAPPS FERRY ROAD, BUILDING N, GREENEVILLE TN 37745 |
Javier Polit | director | 1915 SNAPPS FERRY ROAD, BUILDING N, GREENEVILLE TN 37745 |
Mayes George S Jr | director | 5995 MAYFAIR ROAD, NORTH CANTON OH 44720 |
Craig Carlock | director | C/O THE FRESH MARKET, INC., 628 GREEN VALLEY ROAD, SUITE 500, GREENSBORO NC 27408 |
George M Lynch | director | 2566 KENT RIDGE COURT, BLOOMFIELD HILLS MI 48025 |
C Robert Campbell | director | 800 DOUGLAS ROAD, 12TH FLOOR, CORAL GABLES FL 33134 |
Michael L Hance | officer: Senior VP, CLO and Secretary | 430 AIRPORT ROAD, GREENEVILLE TN 37745 |
Chitra Nayak | director | 1400 16TH STREET, SAN FRANCISCO CA 94103 |
Thomas Schmitt | officer: President & CEO | 1915 SNAPPS FERRY ROAD, BUILDING N, GREENEVILLE TN 37745 |
Ronald W Allen | director | P O BOX 1734, ATLANTA GA 30301 |
Laurie Anne Tucker | director | 65 MARYS CREEK COVE NORTH, EADS TN 38028 |
Scott M Niswonger | director, 10 percent owner, officer: CEO & Chairman | 165 MADISON AVENUE, MEMPHIS TN 38103 |
Rebecca J Garbrick | officer: CAO, VP and Controller | 1915 SNAPPS FERRY ROAD, BUILDING N, GREENEVILLE TN 37745 |
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