FORWARD AIR CORPORATION
Profit Margins
| Fiscal Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| FY2013 | — | 12.9% | 8.3% |
| FY2014 | — | 12.3% | 7.8% |
| FY2015 | — | 8.5% | 5.8% |
| FY2016 | 55.3% | 5.8% | 2.7% |
| FY2017 | 53.4% | 9.3% | 7.5% |
| FY2018 | 50.4% | 10.3% | 8.1% |
| FY2019 | 51.8% | 9.3% | 7.2% |
| FY2020 | 48.7% | 5.8% | 1.9% |
| FY2021 | — | 10.6% | 7.6% |
| FY2022 | — | 14.7% | 11.5% |