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Forward AirFWRD +3.00%56 EBITDA Margin % is 7.51% as of Mar. 2026, which is 34% below its 10-year median of 11.44. GuruFocus rates FWRD with a GF Score™ of 56/100 and a GF Value™ of $32.72 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 1,003 Transportation companies, Forward Air ranks worse than 67.4% on this metric.
EBITDA Margin % is calculated as EBITDA divided by its Revenue. Forward Air's EBITDA for the
three
months ended in Mar. 2026 was $44 Mil. Forward Air's Revenue for the
three
months ended in Mar. 2026 was $582 Mil. Therefore, Forward Air's EBITDA margin for the quarter that ended in Mar. 2026 was 7.51%.
Forward Air (NAS:FWRD) EBITDA Margin % Explanation
EBITDA Margin % is the ratio of EBITDA divided by net sales or Revenue. It is an performance metric measuring company's operating profitability. EBITDA Margin takes depreciation and amortization, interest expense and tax into account, which makes it easy to compare the relative profitability of companies of different sizes in the same industry.
Forward Air EBITDA Margin % Related Terms
Forward Air EBITDA Margin % Historical Data
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The historical data trend for Forward Air's EBITDA Margin % 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: EBITDA Margin % Comparison
For the Integrated Freight & Logistics subindustry, Forward Air's EBITDA Margin %, along with its competitors' market caps and EBITDA Margin % 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 EBITDA Margin % vs Transportation Industry
For the Transportation industry and Industrials sector, Forward Air's EBITDA Margin % distribution charts can be found below:
* The bar in red indicates where Forward Air's EBITDA Margin % falls into.
* 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 EBITDA Margin % of 7.51% as of Mar. 2026. EBITDA Margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent. View historical data on Forward Air and its competitors. This is 34% below median its historical median of 11.44. According to the industry distribution chart, Forward Air ranks #676 out of 1003 companies in the Transportation industry, placing it in the top 67.4%.
Is Forward Air's EBITDA Margin % too high?
Forward Air's current EBITDA Margin % of 7.51% is 34% below median its 10-year median of 11.44. The Transportation industry median EBITDA Margin % is 13.69. Forward Air's value of 7.51% is 45.1% below this industry median. Based on the distribution chart, Forward Air ranks #676 out of 1003 companies in the Transportation industry, which is below the industry midpoint. Overall, Forward Air has a GF Score™ of 56/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Forward Air's EBITDA Margin % compare to RLGT and CYRX?
According to the Transportation industry distribution chart, Forward Air ranks #676 out of 1003 companies for EBITDA Margin %. This places Forward Air in the lower half of its industry. The industry median EBITDA Margin % is 13.69. Forward Air's value of 7.51% is 45.1% below this benchmark. While the company's 10-year median is 11.44 vs. the industry median of 13.69, Forward Air has consistently been below 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 EBITDA Margin % for a Transportation company?
The median EBITDA Margin % among Transportation companies is 13.69, based on 1,003 companies in the industry. Companies in the top quartile (top 25%) have a EBITDA Margin % significantly above this median, while those in the bottom quartile fall well below. However, EBITDA Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Forward Air's current EBITDA Margin % of 7.51% is 45.1% below 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 EBITDA Margin % mean?
A high EBITDA Margin % can signal that a stock is expensive relative to its fundamentals. EBITDA Margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent. View historical data on Forward Air and its competitors. For the Transportation industry, the median EBITDA Margin % is 13.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Forward Air's current EBITDA Margin % is 7.51%, which is 34% below median its own 10-year median of 11.44. 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 $32.72, compared to a current price of $15.11 — trading 53.8% below its estimated fair value. The current EBITDA Margin % is 7.51%, which is 34% below median its 10-year median of 11.44 and 45.1% below the Transportation industry median of 13.69. Forward Air's overall GF Score™ is 56/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBITDA Margin % calculated?
EBITDA Margin % is calculated from a company's financial statements. For Forward Air (FWRD), the current EBITDA Margin % is 7.51% as of Mar. 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 $15.11 is trading 53.8% below its estimated GF Value™ of $32.72.
GuruFocus considers Forward Air to be Possible Value Trap.
Key valuation signals for FWRD:
EBITDA Margin %: 7.51% (34% below median its 10-year median of 11.44)
GF Value™: $32.72 vs. price of $15.11 (53.8% below fair value)
Industry Position: 45.1% below the Transportation median (#676 of 1003)
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.
56GF Score
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EBITDA Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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