FORWARD AIR CORPORATION
Profit Margins
| Fiscal Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| FY2015 | — | 8.6% | 5.8% |
| FY2016 | 53.1% | 6.1% | 2.8% |
| FY2017 | 53.4% | 9.3% | 7.5% |
| FY2018 | 50.4% | 10.3% | 8.1% |
| FY2019 | 53.7% | 8.9% | 6.9% |
| FY2020 | 48.6% | 5.8% | 1.9% |
| FY2021 | — | 10.6% | 7.6% |
| FY2022 | — | 14.7% | 11.5% |
| FY2023 | — | 6.4% | 12.2% |
| FY2024 | — | -43.0% | -33.0% |