FWRD NASDAQ
Forward Air Corporation
1W: -1.1%
1M: -0.8%
3M: +3.8%
YTD: -39.8%
1Y: -23.0%
3Y: -79.9%
5Y: -82.3%
$15.14
+0.06 (+0.40%)
Weekly Expected Move ±6.6%
$13
$14
$15
$16
$17
Credit Risk of going bust: higher than 94% of companies Debt: 80.5% of company value Bonds: $148.2M held by 79 funds, 555 bp over Treasuries → details ▾
Of US companies ranked in the riskiest tenth, about 1 in 20 filed for bankruptcy within a year (2020-2025).
If the stock fell to about $4.36 (down 71%), Forward Air Corporation would be worth roughly what it owes.
Total debt $2.11B against a stock market value of $511.4M.
Distance to default 1.01 (Merton model): prices to 2026-10-27, balance sheet 2026-06-30, debt counted $846.7M (short-term plus half of long-term), stock volatility 91.6%; Altman Z'' -1.33. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.
If the stock fell to about $4.36 (down 71%), Forward Air Corporation would be worth roughly what it owes.
Total debt $2.11B against a stock market value of $511.4M.
Distance to default 1.01 (Merton model): prices to 2026-10-27, balance sheet 2026-06-30, debt counted $846.7M (short-term plus half of long-term), stock volatility 91.6%; Altman Z'' -1.33. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.
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13 relationships13
As Filer
counterparties named
0
As Counterparty
mentioned by others
4
Rel. Types
2023-08-14
Earliest Filing
2025-01-06
Latest Filing
target: 6
investor: 4
acquirer: 2
customer: 1
Counterparties (Filed by FWRD)
13 relationshipsCompanies named in FWRD's SEC 8-K filings as business counterparties.
| Counterparty | Ticker | Relationship | Summary | Filing Date | SEC |
|---|---|---|---|---|---|
| Clue Opco LLC | — | customer | Borrower in Amendment No. 3 to Credit Agreement | 2025-01-06 | View |
| Forward Air Corporation | FWRD | acquirer | Parent company entering into an amendment to the merger agreement. | 2024-01-24 | View |
| Central States Logistics, Inc. | — | target | Target company in the merger agreement. | 2024-01-24 | View |
| Clue OpCo LLC | — | target | Operating company subsidiary of the target. | 2024-01-24 | View |
| Omni Newco, LLC | — | target | Surviving company entity in the merger agreement. | 2024-01-24 | View |
| Hub Group, Inc. | HUBG | acquirer | Acquired all equity interests of Forward Air's Final Mile business for $262 million. | 2023-12-27 | View |
| Omni Newco LLC | — | target | Target company in the Merger Agreement to be acquired by Forward Air Corporation | 2023-09-01 | View |
| Clue Opco LLC | — | target | Target company in the Merger Agreement to be acquired by Forward Air Corporation | 2023-09-01 | View |
| Omni Newco LLC | — | target | Target company in the merger agreement with Forward Air Corporation | 2023-08-14 | View |
| Ridgemont Equity Partners | — | investor | Investor group entering into a shareholders agreement with Forward Air Corporation | 2023-08-14 | View |
| EVE Omni Investor, LLC | — | investor | Investor entity entering into a shareholders agreement with Forward Air Corporation | 2023-08-14 | View |
| REP Omni Holdings, L.P. | — | investor | Investor entity entering into a shareholders agreement with Forward Air Corporation | 2023-08-14 | View |
| Omni Investor Holdings, LLC | — | investor | Investor entity entering into a shareholders agreement with Forward Air Corporation | 2023-08-14 | View |
Recent 8-K Filings (20)
| Filing Date | Description | Type | SEC |
|---|---|---|---|
| 2026-08-05 | Earnings Release; Exhibits | View | |
| 2026-07-21 | Regulation FD; Exhibits | View | |
| 2026-07-10 | Officer/Director Change; Exhibits | View | |
| 2026-06-17 | Shareholder Vote; Exhibits | View | |
| 2026-05-07 | Earnings Release; Exhibits | View | |
| 2026-04-29 | Officer/Director Change | View | |
| 2026-02-23 | Results of Operations and Financial Condition; Financial Statements and Exhibits | View | |
| 2025-11-05 | Results of Operations and Financial Condition; Financial Statements and Exhibits | View | |
| 2025-10-15 | Departure/Election of Directors; Appointment of Officers | View | |
| 2025-09-02 | Departure/Election of Directors; Appointment of Officers; Financial Statements and Exhibits | View | |
| 2025-08-11 | Results of Operations and Financial Condition; Financial Statements and Exhibits | View | |
| 2025-07-14 | Departure/Election of Directors; Appointment of Officers; Financial Statements and Exhibits | View | |
| 2025-05-07 | Results of Operations and Financial Condition; Financial Statements and Exhibits | View | |
| 2025-05-01 | Entry into Material Definitive Agreement; Financial Statements and Exhibits | Agreement | View |
| 2025-04-21 | Results of Operations and Financial Condition | View | |
| 2025-04-09 | Results of Operations and Financial Condition; Financial Statements and Exhibits | View | |
| 2025-03-27 | Changes in Registrant's Certifying Accountant; Financial Statements and Exhibits | View | |
| 2025-03-26 | Departure/Election of Directors; Appointment of Officers | View | |
| 2025-02-26 | Results of Operations and Financial Condition; Financial Statements and Exhibits | View | |
| 2025-01-21 | Departure/Election of Directors; Appointment of Officers; Financial Statements and Exhibits | View |
Data extracted from SEC EDGAR 8-K filings using NLP. Relationships are as disclosed in filing text.
Covers 2021–2026. View on SEC EDGAR