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Forward AirFWRD +3.00%56 OCF Margin % is 7.86% as of Mar. 2026, which is 27% below its 10-year median of 10.75. 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 1,005 Transportation companies, Forward Air ranks worse than 79.4% on this metric.
The historical data trend for Forward Air's OCF 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.
For the Integrated Freight & Logistics subindustry, Forward Air's OCF Margin %, along with its competitors' market caps and OCF 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 OCF Margin % vs Transportation Industry
For the Transportation industry and Industrials sector, Forward Air's OCF Margin % distribution charts can be found below:
* The bar in red indicates where Forward Air's OCF 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 OCF Margin % of 7.86% as of Mar. 2026. OCF Margin is the ratio of Cash Flow from Operations to Total Revenue. View historical data on Forward Air and its competitors. This is 27% below median its historical median of 10.75. According to the industry distribution chart, Forward Air ranks #798 out of 1005 companies in the Transportation industry, placing it in the top 79.4%.
Is Forward Air's OCF Margin % too high?
Forward Air's current OCF Margin % of 7.86% is 27% below median its 10-year median of 10.75. The Transportation industry median OCF Margin % is 12.75. Forward Air's value of 7.86% is 38.4% below this industry median. Based on the distribution chart, Forward Air ranks #798 out of 1005 companies in the Transportation industry, which is in the bottom quartile relative to peers. 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 OCF Margin % compare to RLGT and CYRX?
According to the Transportation industry distribution chart, Forward Air ranks #798 out of 1005 companies for OCF Margin %. This places Forward Air in the lower half of its industry. The industry median OCF Margin % is 12.75. Forward Air's value of 7.86% is 38.4% below this benchmark. While the company's 10-year median is 10.75 vs. the industry median of 12.75, 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 OCF Margin % for a Transportation company?
The median OCF Margin % among Transportation companies is 12.75, based on 1,005 companies in the industry. Companies in the top quartile (top 25%) have a OCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, OCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Forward Air's current OCF Margin % of 7.86% is 38.4% 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 OCF Margin % mean?
A high OCF Margin % can signal that a stock is expensive relative to its fundamentals. OCF Margin is the ratio of Cash Flow from Operations to Total Revenue. View historical data on Forward Air and its competitors. For the Transportation industry, the median OCF Margin % is 12.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Forward Air's current OCF Margin % is 7.86%, which is 27% below median its own 10-year median of 10.75. 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 OCF Margin % is 7.86%, which is 27% below median its 10-year median of 10.75 and 38.4% below the Transportation industry median of 12.75. 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 OCF Margin % calculated?
OCF Margin % is calculated from a company's financial statements. For Forward Air (FWRD), the current OCF Margin % is 7.86% 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:
OCF Margin %: 7.86% (27% below median its 10-year median of 10.75)
GF Value™: $32.72 vs. price of $15.11 (53.8% below fair value)
Industry Position: 38.4% below the Transportation median (#798 of 1005)
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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