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Forward Air (FWRD) Competitors

Forward Air logo
$18.11 +0.32 (+1.80%)
As of 08/21/2026 04:00 PM Eastern

FWRD vs. FLX, AIRT, CRGO, NCEW, and QETA

Should you buy Forward Air stock or one of its competitors? Forward Air's main competitors and comparable companies include BingEx (FLX), Air T (AIRT), Freightos (CRGO), New Century Logistics (BVI) (NCEW), and Quetta Acquisition (QETA). Companies are selected based on similarities in market, industry, and size. These companies are all part of the "air freight & logistics" industry.

How does Forward Air compare to BingEx?

BingEx (NASDAQ:FLX) and Forward Air (NASDAQ:FWRD) are both small-cap industrials companies, but which is the better business? We will compare the two businesses based on the strength of their institutional ownership, analyst recommendations, valuation, profitability, risk, dividends, media sentiment and earnings.

97.0% of Forward Air shares are owned by institutional investors. 15.7% of Forward Air shares are owned by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock will outperform the market over the long term.

In the previous week, BingEx had 4 more articles in the media than Forward Air. MarketBeat recorded 8 mentions for BingEx and 4 mentions for Forward Air. Forward Air's average media sentiment score of 1.29 beat BingEx's score of 0.23 indicating that Forward Air is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
BingEx
1 Very Positive mention(s)
1 Positive mention(s)
2 Neutral mention(s)
3 Negative mention(s)
0 Very Negative mention(s)
Neutral
Forward Air
3 Very Positive mention(s)
0 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

Forward Air has a consensus target price of $28.00, indicating a potential upside of 54.61%. Given Forward Air's stronger consensus rating and higher probable upside, analysts plainly believe Forward Air is more favorable than BingEx.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
BingEx
1 Sell rating(s)
0 Hold rating(s)
0 Buy rating(s)
0 Strong Buy rating(s)
1.00
Forward Air
1 Sell rating(s)
0 Hold rating(s)
3 Buy rating(s)
1 Strong Buy rating(s)
2.80

BingEx has higher earnings, but lower revenue than Forward Air. Forward Air is trading at a lower price-to-earnings ratio than BingEx, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
BingEx$570.86M0.20$15.65M$0.1811.11
Forward Air$2.50B0.23-$107.80M-$8.90N/A

BingEx has a beta of 0.49, suggesting that its stock price is 51% less volatile than the broader market. Comparatively, Forward Air has a beta of 1.36, suggesting that its stock price is 36% more volatile than the broader market.

BingEx has a net margin of -0.33% compared to Forward Air's net margin of -11.37%. BingEx's return on equity of 9.94% beat Forward Air's return on equity.

Company Net Margins Return on Equity Return on Assets
BingEx-0.33% 9.94% 6.53%
Forward Air -11.37%-19.49%-0.66%

Summary

Forward Air beats BingEx on 11 of the 17 factors compared between the two stocks.

How does Forward Air compare to Air T?

Forward Air (NASDAQ:FWRD) and Air T (NASDAQ:AIRT) are both small-cap industrials companies, but which is the superior investment? We will compare the two businesses based on the strength of their valuation, profitability, institutional ownership, media sentiment, earnings, risk, dividends and analyst recommendations.

In the previous week, Forward Air had 2 more articles in the media than Air T. MarketBeat recorded 4 mentions for Forward Air and 2 mentions for Air T. Forward Air's average media sentiment score of 1.29 beat Air T's score of 0.00 indicating that Forward Air is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Forward Air
3 Very Positive mention(s)
0 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Air T
0 Very Positive mention(s)
0 Positive mention(s)
2 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral

Forward Air has a beta of 1.36, indicating that its share price is 36% more volatile than the broader market. Comparatively, Air T has a beta of 0.27, indicating that its share price is 73% less volatile than the broader market.

Forward Air currently has a consensus target price of $28.00, suggesting a potential upside of 54.61%. Given Forward Air's stronger consensus rating and higher probable upside, equities analysts clearly believe Forward Air is more favorable than Air T.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Forward Air
1 Sell rating(s)
0 Hold rating(s)
3 Buy rating(s)
1 Strong Buy rating(s)
2.80
Air T
1 Sell rating(s)
0 Hold rating(s)
0 Buy rating(s)
0 Strong Buy rating(s)
1.00

Air T has a net margin of 17.17% compared to Forward Air's net margin of -11.37%. Air T's return on equity of 176.42% beat Forward Air's return on equity.

Company Net Margins Return on Equity Return on Assets
Forward Air-11.37% -19.49% -0.66%
Air T 17.17%176.42%17.67%

Air T has lower revenue, but higher earnings than Forward Air. Forward Air is trading at a lower price-to-earnings ratio than Air T, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Forward Air$2.50B0.23-$107.80M-$8.90N/A
Air T$371.68M0.21$77.98M$23.591.22

97.0% of Forward Air shares are held by institutional investors. Comparatively, 8.9% of Air T shares are held by institutional investors. 15.7% of Forward Air shares are held by insiders. Comparatively, 68.6% of Air T shares are held by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock will outperform the market over the long term.

Summary

Forward Air beats Air T on 10 of the 17 factors compared between the two stocks.

How does Forward Air compare to Freightos?

Freightos (NASDAQ:CRGO) and Forward Air (NASDAQ:FWRD) are both small-cap industrials companies, but which is the better investment? We will compare the two businesses based on the strength of their risk, valuation, institutional ownership, analyst recommendations, earnings, profitability, media sentiment and dividends.

In the previous week, Freightos had 9 more articles in the media than Forward Air. MarketBeat recorded 13 mentions for Freightos and 4 mentions for Forward Air. Forward Air's average media sentiment score of 1.29 beat Freightos' score of 0.37 indicating that Forward Air is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Freightos
3 Very Positive mention(s)
1 Positive mention(s)
3 Neutral mention(s)
2 Negative mention(s)
1 Very Negative mention(s)
Neutral
Forward Air
3 Very Positive mention(s)
0 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

22.7% of Freightos shares are held by institutional investors. Comparatively, 97.0% of Forward Air shares are held by institutional investors. 19.6% of Freightos shares are held by insiders. Comparatively, 15.7% of Forward Air shares are held by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock is poised for long-term growth.

Forward Air has a net margin of -11.37% compared to Freightos' net margin of -56.24%. Forward Air's return on equity of -19.49% beat Freightos' return on equity.

Company Net Margins Return on Equity Return on Assets
Freightos-56.24% -41.63% -27.70%
Forward Air -11.37%-19.49%-0.66%

Freightos has higher earnings, but lower revenue than Forward Air. Freightos is trading at a lower price-to-earnings ratio than Forward Air, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Freightos$29.46M2.37-$17.52M-$0.33N/A
Forward Air$2.50B0.23-$107.80M-$8.90N/A

Freightos presently has a consensus target price of $3.00, suggesting a potential upside of 120.59%. Forward Air has a consensus target price of $28.00, suggesting a potential upside of 54.61%. Given Freightos' higher possible upside, analysts clearly believe Freightos is more favorable than Forward Air.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Freightos
1 Sell rating(s)
0 Hold rating(s)
1 Buy rating(s)
0 Strong Buy rating(s)
2.00
Forward Air
1 Sell rating(s)
0 Hold rating(s)
3 Buy rating(s)
1 Strong Buy rating(s)
2.80

Freightos has a beta of 0.36, meaning that its stock price is 64% less volatile than the broader market. Comparatively, Forward Air has a beta of 1.36, meaning that its stock price is 36% more volatile than the broader market.

Summary

Forward Air beats Freightos on 11 of the 17 factors compared between the two stocks.

How does Forward Air compare to New Century Logistics (BVI)?

New Century Logistics (BVI) (NASDAQ:NCEW) and Forward Air (NASDAQ:FWRD) are both small-cap industrials companies, but which is the superior investment? We will contrast the two companies based on the strength of their media sentiment, dividends, analyst recommendations, valuation, profitability, institutional ownership, risk and earnings.

New Century Logistics (BVI) has a net margin of 0.00% compared to Forward Air's net margin of -11.37%. New Century Logistics (BVI)'s return on equity of 0.00% beat Forward Air's return on equity.

Company Net Margins Return on Equity Return on Assets
New Century Logistics (BVI)N/A N/A N/A
Forward Air -11.37%-19.49%-0.66%

New Century Logistics (BVI) has higher earnings, but lower revenue than Forward Air.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
New Century Logistics (BVI)$44.08M1.21-$10.67MN/AN/A
Forward Air$2.50B0.23-$107.80M-$8.90N/A

New Century Logistics (BVI) has a beta of -2.79, indicating that its share price is 379% less volatile than the broader market. Comparatively, Forward Air has a beta of 1.36, indicating that its share price is 36% more volatile than the broader market.

In the previous week, Forward Air had 4 more articles in the media than New Century Logistics (BVI). MarketBeat recorded 4 mentions for Forward Air and 0 mentions for New Century Logistics (BVI). Forward Air's average media sentiment score of 1.29 beat New Century Logistics (BVI)'s score of 0.00 indicating that Forward Air is being referred to more favorably in the news media.

Company Overall Sentiment
New Century Logistics (BVI) Neutral
Forward Air Positive

97.0% of Forward Air shares are held by institutional investors. 15.7% of Forward Air shares are held by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock will outperform the market over the long term.

Forward Air has a consensus price target of $28.00, suggesting a potential upside of 54.61%. Given Forward Air's stronger consensus rating and higher possible upside, analysts clearly believe Forward Air is more favorable than New Century Logistics (BVI).

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
New Century Logistics (BVI)
1 Sell rating(s)
0 Hold rating(s)
0 Buy rating(s)
0 Strong Buy rating(s)
1.00
Forward Air
1 Sell rating(s)
0 Hold rating(s)
3 Buy rating(s)
1 Strong Buy rating(s)
2.80

Summary

Forward Air beats New Century Logistics (BVI) on 10 of the 15 factors compared between the two stocks.

How does Forward Air compare to Quetta Acquisition?

Quetta Acquisition (NASDAQ:QETA) and Forward Air (NASDAQ:FWRD) are both small-cap industrials companies, but which is the superior stock? We will compare the two companies based on the strength of their dividends, valuation, analyst recommendations, risk, media sentiment, institutional ownership, earnings and profitability.

In the previous week, Forward Air had 4 more articles in the media than Quetta Acquisition. MarketBeat recorded 4 mentions for Forward Air and 0 mentions for Quetta Acquisition. Forward Air's average media sentiment score of 1.29 beat Quetta Acquisition's score of 0.00 indicating that Forward Air is being referred to more favorably in the news media.

Company Overall Sentiment
Quetta Acquisition Neutral
Forward Air Positive

Forward Air has a consensus target price of $28.00, suggesting a potential upside of 54.61%. Given Forward Air's stronger consensus rating and higher possible upside, analysts plainly believe Forward Air is more favorable than Quetta Acquisition.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Quetta Acquisition
1 Sell rating(s)
0 Hold rating(s)
0 Buy rating(s)
0 Strong Buy rating(s)
1.00
Forward Air
1 Sell rating(s)
0 Hold rating(s)
3 Buy rating(s)
1 Strong Buy rating(s)
2.80

Quetta Acquisition has a net margin of 0.00% compared to Forward Air's net margin of -11.37%. Quetta Acquisition's return on equity of 0.00% beat Forward Air's return on equity.

Company Net Margins Return on Equity Return on Assets
Quetta AcquisitionN/A N/A N/A
Forward Air -11.37%-19.49%-0.66%

84.3% of Quetta Acquisition shares are held by institutional investors. Comparatively, 97.0% of Forward Air shares are held by institutional investors. 15.7% of Forward Air shares are held by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company is poised for long-term growth.

Quetta Acquisition has a beta of 0.03, indicating that its stock price is 97% less volatile than the broader market. Comparatively, Forward Air has a beta of 1.36, indicating that its stock price is 36% more volatile than the broader market.

Quetta Acquisition has higher earnings, but lower revenue than Forward Air.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Quetta AcquisitionN/AN/AN/AN/AN/A
Forward Air$2.50B0.23-$107.80M-$8.90N/A

Summary

Forward Air beats Quetta Acquisition on 10 of the 13 factors compared between the two stocks.

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New MarketBeat Followers Over Time

This chart shows the number of new MarketBeat users adding FWRD and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
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Media Sentiment Over Time

This chart shows the average media sentiment of NASDAQ and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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FWRD vs. The Competition

MetricForward AirAir Freight & Logistics IndustryIndustrials SectorNASDAQ Exchange
Market Cap$572.73M$9.67B$10.69B$12.85B
Dividend YieldN/A3.06%97.23%10.78%
P/E Ratio-2.0312.0526.6924.25
Price / Sales0.237.18328.80100.86
Price / Cash8.4225.3424.4753.99
Price / Book-4.672.654.496.20
Net Income-$107.80M$642.62M$612.35M$348.59M
7 Day Performance-4.48%0.28%-1.41%0.08%
1 Month Performance16.99%0.16%2.54%3.88%
1 Year Performance-41.33%-11.04%12.36%16.98%

Forward Air Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
FWRD
Forward Air
3.5882 of 5 stars
$18.11
+1.8%
$28.00
+54.6%
-41.3%$572.73M$2.50BN/A6,062
FLX
BingEx
0.7045 of 5 stars
$2.08
flat
N/A-40.8%$120.51M$570.86M11.561,046
AIRT
Air T
0.6922 of 5 stars
$32.33
+1.0%
N/A+21.1%$86.13M$327.09M1.121,666
CRGO
Freightos
2.8868 of 5 stars
$1.29
+1.6%
$3.00
+132.6%
-60.5%$65.25M$29.46MN/A350
NCEW
New Century Logistics (BVI)
N/A$16.54
+2.6%
N/A+235.1%$51.58M$44.08MN/AN/A

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This page (NASDAQ:FWRD) was last updated on 8/23/2026 by MarketBeat.com Staff.
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