Forward Air Corporation
Profit Margins
| Period | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| Jun 2009 | — | 4.9% | 2.9% |
| Sep 2009 | — | 6.5% | 3.7% |
| Mar 2010 | — | 5.7% | 3.2% |
| Jun 2010 | — | 11.1% | 6.5% |
| Sep 2010 | — | 12.8% | 7.3% |
| Dec 2010 | — | 14.0% | 8.9% |
| Mar 2011 | — | 11.1% | 6.5% |
| Jun 2011 | — | 15.0% | 9.1% |
| Sep 2011 | — | 15.0% | 9.5% |
| Dec 2011 | — | 15.9% | 9.7% |
| Mar 2012 | — | 12.2% | 7.5% |
| Jun 2012 | — | 15.6% | 9.6% |
| Sep 2012 | — | 13.7% | 8.5% |
| Dec 2012 | — | 15.5% | 10.3% |
| Mar 2013 | — | 11.2% | 7.7% |
| Jun 2013 | — | 14.1% | 8.7% |
| Sep 2013 | — | 13.4% | 8.3% |
| Dec 2013 | — | 12.8% | 8.6% |
| Mar 2014 | — | 9.5% | 5.9% |
| Jun 2014 | — | 14.2% | 8.9% |
| Sep 2014 | — | 13.4% | 8.3% |
| Dec 2014 | — | 12.0% | 8.0% |
| Mar 2015 | — | 4.0% | 2.3% |
| Jun 2015 | — | 8.0% | 4.7% |
| Sep 2015 | — | 10.0% | 6.3% |
| Dec 2015 | — | 11.3% | 9.1% |
| Mar 2016 | — | 9.3% | 5.7% |
| Jun 2016 | — | -6.0% | -4.2% |
| Sep 2016 | — | 9.9% | 4.8% |
| Dec 2016 | — | 10.7% | 4.8% |
| Mar 2017 | — | 9.1% | 5.6% |
| Jun 2017 | — | 10.6% | 6.9% |
| Sep 2017 | — | 9.1% | 6.1% |
| Dec 2017 | — | 8.6% | 10.7% |
| Mar 2018 | 53.8% | 8.0% | 5.9% |
| Jun 2018 | 52.9% | 10.0% | 7.4% |
| Sep 2018 | 53.1% | 9.0% | 6.7% |
| Dec 2018 | 68.2% | 9.8% | 7.8% |
| Mar 2019 | 48.4% | 8.9% | 6.6% |
| Jun 2019 | 48.8% | 9.6% | 7.4% |
| Sep 2019 | 47.8% | 9.3% | 7.1% |
| Dec 2019 | 61.4% | 10.3% | 7.6% |
| Mar 2020 | — | 5.2% | 2.7% |
| Jun 2020 | — | 4.9% | 1.1% |
| Sep 2020 | — | 7.1% | 5.0% |
| Dec 2020 | — | 5.9% | -1.3% |
| Mar 2021 | — | 6.3% | 3.1% |
| Jun 2021 | — | 10.0% | 7.3% |
| Sep 2021 | — | 10.1% | 5.6% |
| Dec 2021 | — | 21.5% | 21.9% |
| Mar 2022 | — | 14.3% | 10.6% |
| Jun 2022 | — | 17.1% | 12.5% |
| Sep 2022 | — | 16.5% | 12.0% |
| Dec 2022 | — | 10.7% | 10.7% |
| Mar 2023 | — | 13.2% | 10.2% |
| Jun 2023 | — | 7.9% | 6.0% |
| Sep 2023 | — | 3.4% | 2.7% |
| Dec 2023 | — | 0.9% | 30.1% |
| Mar 2024 | — | -12.1% | -11.4% |
| Jun 2024 | — | -170.2% | -100.3% |
| Sep 2024 | — | 3.5% | -11.2% |
| Dec 2024 | — | 12.0% | -5.8% |
| Mar 2025 | — | 0.8% | -8.3% |
| Jun 2025 | — | 3.2% | -2.0% |
| Sep 2025 | — | 2.4% | -2.6% |
| Dec 2025 | — | -0.5% | -4.5% |
| Mar 2026 | — | 3.5% | -5.9% |
| Jun 2026 | — | -29.9% | -30.8% |