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Forward AirFWRD +1.80%60 Days Sales Outstanding is 47.46 as of Jun. 2026, which is 9% above its 10-year median of 43.50. GuruFocus rates FWRD with a GF Score™ of 60/100 and a GF Value™ of $27.51 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 998 Transportation companies, Forward Air ranks worse than 54.11% on this metric.
Forward Air's average Accounts Receivable for the
three
months ended in Jun. 2026 was $350 Mil. Forward Air's Revenue for the
three
months ended in Jun. 2026 was $673 Mil.
Hence, Forward Air's Days Sales Outstanding for the
three
months ended in Jun. 2026 was 47.46.
The historical rank and industry rank for Forward Air's Days Sales Outstanding or its related term are showing as below:
FWRD'
s Days Sales Outstanding Range Over the Past 10 Years
Min: 35.08 Med: 43.5 Max: 49.89
Current: 49.89
During the past 13 years, Forward Air's highest Days Sales Outstanding was 49.89. The lowest was 35.08. And the median was 43.50.
FWRD's Days Sales Outstanding is ranked worse than 54.11% of 998
companies
in the Transportation industry
Industry Median: 46.785
vs FWRD: 49.89
Forward Air's Days Sales Outstanding
declined
from Jun. 2025 (49.55) to Jun. 2026 (47.46).
Forward Air (NAS:FWRD) Days Sales Outstanding Explanation
For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.
Forward Air Days Sales Outstanding Related Terms
Forward Air Days Sales Outstanding Historical Data
* Premium members only.
The historical data trend for Forward Air's Days Sales Outstanding 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.
FWRD vs RLGT, CYRX, PAL: Days Sales Outstanding Comparison
For the Integrated Freight & Logistics subindustry, Forward Air's Days Sales Outstanding, along with its competitors' market caps and Days Sales Outstanding data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Forward Air Days Sales Outstanding vs Transportation Industry
For the Transportation industry and Industrials sector, Forward Air's Days Sales Outstanding distribution charts can be found below:
* The bar in red indicates where Forward Air's Days Sales Outstanding falls into.
Days Sales Outstanding measures the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed.
* 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 (FWRD) has a Days Sales Outstanding of 47.46 as of Jun. 2026. Days sales outstanding represents the average amount of days a company takes to collect receivables. View historical data on Forward Air and its competitors. This is near median its historical median of 43.50. Over the past decade, Forward Air's Days Sales Outstanding has ranged from 35.08 to 49.89. According to the industry distribution chart, Forward Air ranks #540 out of 998 companies in the Transportation industry, placing it in the top 54.1%.
Is Forward Air's Days Sales Outstanding too high?
Forward Air's current Days Sales Outstanding of 47.46 is near median its 10-year median of 43.50. Over the past 10 years, this metric has ranged from a low of 35.08 to a high of 49.89. The Transportation industry median Days Sales Outstanding is 46.79. Forward Air's value of 47.46 is 1.4% above this industry median. Based on the distribution chart, Forward Air ranks #540 out of 998 companies in the Transportation industry, which is below the industry midpoint. Overall, Forward Air has a GF Score™ of 60/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Forward Air's Days Sales Outstanding compare to RLGT and CYRX?
According to the Transportation industry distribution chart, Forward Air ranks #540 out of 998 companies for Days Sales Outstanding. This places Forward Air in the lower half of its industry. The industry median Days Sales Outstanding is 46.79. Forward Air's value of 47.46 is 1.4% above this benchmark. Historically, Forward Air's own Days Sales Outstanding has ranged from 35.08 to 49.89 over the past decade. While the company's 10-year median is 43.50 vs. the industry median of 46.79, Forward Air has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Sales Outstanding for a Transportation company?
The median Days Sales Outstanding among Transportation companies is 46.79, based on 998 companies in the industry. Companies in the top quartile (top 25%) have a Days Sales Outstanding significantly above this median, while those in the bottom quartile fall well below. However, Days Sales Outstanding should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Forward Air's current Days Sales Outstanding of 47.46 is 1.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Sales Outstanding mean?
A high Days Sales Outstanding can signal that a stock is expensive relative to its fundamentals. Days sales outstanding represents the average amount of days a company takes to collect receivables. View historical data on Forward Air and its competitors. For the Transportation industry, the median Days Sales Outstanding is 46.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Forward Air's current Days Sales Outstanding is 47.46, which is near median its own 10-year median of 43.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Forward Air stock overvalued right now?
Based on GuruFocus' analysis, Forward Air (FWRD) is currently considered Possible Value Trap. The stock's GF Value™ is $27.51, compared to a current price of $18.10 — trading 34.2% below its estimated fair value. The current Days Sales Outstanding is 47.46, which is near median its 10-year median of 43.50 and 1.4% above the Transportation industry median of 46.79. Forward Air's overall GF Score™ is 60/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Sales Outstanding calculated?
Days Sales Outstanding is calculated from a company's financial statements. For Forward Air (FWRD), the current Days Sales Outstanding is 47.46 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Forward Air (FWRD) Overvalued in 2026?
Based on GuruFocus' analysis, Forward Air stock appears to be undervalued.
The current stock price of $18.10 is trading 34.2% below its estimated GF Value™ of $27.51.
GuruFocus considers Forward Air to be Possible Value Trap.
Key valuation signals for FWRD:
Days Sales Outstanding: 47.46 (near median its 10-year median of 43.50)
GF Value™: $27.51 vs. price of $18.10 (34.2% below fair value)
Industry Position: 1.4% above the Transportation median (#540 of 998)
No single metric tells the full story. See the FWRD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Forward Air Corp is an asset-light freight and logistics company. The company's operating segment includes Expedited Freight, Omni Logistics, and Intermodal and Corporate. The company generates maximum revenue from the Omni Logistics segment. The expedited Freight segment operates a comprehensive national network to provide expedited regional, inter-regional, and national LTL (less-than-truckload) services. It also offers customers local pick-up and delivery and other services including final mile, truckload, shipment consolidation and deconsolidation, warehousing, customs brokerage, and other handling. The Company conducts business in North and South America, Europe, and Asia.
60GF Score
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Days Sales Outstanding is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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