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Forward Air (FWRD) Competitors

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$16.63 +0.21 (+1.28%)
Closing price 09/11/2026 04:00 PM Eastern
Extended Trading
$16.63 0.00 (0.00%)
As of 09/11/2026 07:30 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.

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?

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

BingEx has higher revenue and earnings than Forward Air. BingEx 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
Forward Air$2.52B0.21-$107.80M-$8.90N/A
BingEx$3.88B0.02$15.65M-$0.01N/A

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, endowments and large money managers believe a stock will outperform the market over the long term.

BingEx has a net margin of -0.33% compared to Forward Air's net margin of -11.37%. BingEx's return on equity of 10.13% beat Forward Air's return on equity.

Company Net Margins Return on Equity Return on Assets
Forward Air-11.37% -19.49% -0.66%
BingEx -0.33%10.13%6.64%

Forward Air currently has a consensus price target of $28.00, indicating a potential upside of 68.37%. Given Forward Air's stronger consensus rating and higher possible upside, equities research analysts plainly believe Forward Air is more favorable than BingEx.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Forward Air
1 Sell rating(s)
1 Hold rating(s)
3 Buy rating(s)
0 Strong Buy rating(s)
2.40
BingEx
1 Sell rating(s)
0 Hold rating(s)
0 Buy rating(s)
0 Strong Buy rating(s)
1.00

In the previous week, Forward Air had 3 more articles in the media than BingEx. MarketBeat recorded 4 mentions for Forward Air and 1 mentions for BingEx. BingEx's average media sentiment score of 1.87 beat Forward Air's score of 0.23 indicating that BingEx is being referred to more favorably in the news media.

Company Overall Sentiment
Forward Air Neutral
BingEx Very Positive

Forward Air has a beta of 1.38, suggesting that its stock price is 38% more volatile than the broader market. Comparatively, BingEx has a beta of 0.47, suggesting that its stock price is 53% less volatile than the broader market.

Summary

Forward Air beats BingEx on 9 of the 16 factors compared between the two stocks.

How does Forward Air compare to Air T?

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

In the previous week, Forward Air had 3 more articles in the media than Air T. MarketBeat recorded 4 mentions for Forward Air and 1 mentions for Air T. Air T's average media sentiment score of 1.34 beat Forward Air's score of 0.23 indicating that Air T is being referred to more favorably in the media.

Company Overall Sentiment
Air T Positive
Forward Air Neutral

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
Air T17.17% 176.42% 17.67%
Forward Air -11.37%-19.49%-0.66%

Air T has a beta of 0.27, suggesting that its share price is 73% less volatile than the broader market. Comparatively, Forward Air has a beta of 1.38, suggesting that its share price is 38% more volatile than the broader market.

8.9% of Air T shares are held by institutional investors. Comparatively, 97.0% of Forward Air shares are held by institutional investors. 68.6% of Air T shares are held by company insiders. Comparatively, 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 company is poised for long-term growth.

Air T has higher earnings, but lower revenue 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
Air T$327.09M0.25$77.98M$23.591.30
Forward Air$2.52B0.21-$107.80M-$8.90N/A

Forward Air has a consensus price target of $28.00, indicating a potential upside of 68.37%. Given Forward Air's stronger consensus rating and higher probable upside, analysts plainly believe Forward Air is more favorable than Air T.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Air T
0 Sell rating(s)
1 Hold rating(s)
0 Buy rating(s)
0 Strong Buy rating(s)
2.00
Forward Air
1 Sell rating(s)
1 Hold rating(s)
3 Buy rating(s)
0 Strong Buy rating(s)
2.40

Summary

Air T beats Forward Air on 9 of the 16 factors compared between the two stocks.

How does Forward Air compare to Freightos?

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

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
Forward Air-11.37% -19.49% -0.66%
Freightos -56.24%-41.63%-27.70%

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

Forward Air has a beta of 1.38, suggesting that its share price is 38% more volatile than the broader market. Comparatively, Freightos has a beta of 0.38, suggesting that its share price is 62% less volatile than the broader market.

Forward Air presently has a consensus price target of $28.00, suggesting a potential upside of 68.37%. Freightos has a consensus price target of $3.00, suggesting a potential upside of 152.10%. Given Freightos' higher probable upside, analysts clearly believe Freightos is more favorable than Forward Air.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Forward Air
1 Sell rating(s)
1 Hold rating(s)
3 Buy rating(s)
0 Strong Buy rating(s)
2.40
Freightos
1 Sell rating(s)
0 Hold rating(s)
1 Buy rating(s)
0 Strong Buy rating(s)
2.00

Freightos has lower revenue, but higher earnings 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
Forward Air$2.52B0.21-$107.80M-$8.90N/A
Freightos$29.92M2.04-$17.52M-$0.33N/A

In the previous week, Forward Air had 1 more articles in the media than Freightos. MarketBeat recorded 4 mentions for Forward Air and 3 mentions for Freightos. Freightos' average media sentiment score of 0.70 beat Forward Air's score of 0.23 indicating that Freightos is being referred to more favorably in the news media.

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

Summary

Forward Air beats Freightos on 10 of the 16 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 better business? We will compare the two businesses based on the strength of their institutional ownership, profitability, valuation, analyst recommendations, media sentiment, earnings, risk and dividends.

In the previous week, Forward Air had 3 more articles in the media than New Century Logistics (BVI). MarketBeat recorded 4 mentions for Forward Air and 1 mentions for New Century Logistics (BVI). New Century Logistics (BVI)'s average media sentiment score of 1.87 beat Forward Air's score of 0.23 indicating that New Century Logistics (BVI) is being referred to more favorably in the media.

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

New Century Logistics (BVI) has a beta of -2.71, indicating that its stock price is 371% less volatile than the broader market. Comparatively, Forward Air has a beta of 1.38, indicating that its stock price is 38% more volatile than the broader market.

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%

Forward Air has a consensus target price of $28.00, suggesting a potential upside of 68.37%. 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)
1 Hold rating(s)
3 Buy rating(s)
0 Strong Buy rating(s)
2.40

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)$51.25M1.11-$10.67MN/AN/A
Forward Air$2.52B0.21-$107.80M-$8.90N/A

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 endowments, large money managers and hedge funds believe a stock is poised for long-term growth.

Summary

Forward Air beats New Century Logistics (BVI) on 8 of the 14 factors compared between the two stocks.

How does Forward Air compare to Quetta Acquisition?

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

Forward Air has a beta of 1.38, meaning that its share price is 38% more volatile than the broader market. Comparatively, Quetta Acquisition has a beta of 0.02, meaning that its share price is 98% less volatile than the broader market.

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

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Forward Air$2.52B0.21-$107.80M-$8.90N/A
Quetta AcquisitionN/AN/AN/AN/AN/A

In the previous week, Forward Air had 3 more articles in the media than Quetta Acquisition. MarketBeat recorded 4 mentions for Forward Air and 1 mentions for Quetta Acquisition. Quetta Acquisition's average media sentiment score of 1.89 beat Forward Air's score of 0.23 indicating that Quetta Acquisition is being referred to more favorably in the news media.

Company Overall Sentiment
Forward Air Neutral
Quetta Acquisition Very Positive

Forward Air currently has a consensus price target of $28.00, indicating a potential upside of 68.37%. Given Forward Air's stronger consensus rating and higher probable upside, equities research analysts plainly believe Forward Air is more favorable than Quetta Acquisition.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Forward Air
1 Sell rating(s)
1 Hold rating(s)
3 Buy rating(s)
0 Strong Buy rating(s)
2.40
Quetta Acquisition
0 Sell rating(s)
1 Hold rating(s)
0 Buy rating(s)
0 Strong Buy rating(s)
2.00

97.0% of Forward Air shares are owned by institutional investors. Comparatively, 84.3% of Quetta Acquisition shares are owned by institutional investors. 15.7% of Forward Air shares are owned by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company will outperform the market over the long term.

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
Forward Air-11.37% -19.49% -0.66%
Quetta Acquisition N/A N/A N/A

Summary

Forward Air beats Quetta Acquisition on 8 of the 12 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$519.28M$9.41B$10.21B$12.73B
Dividend YieldN/A3.10%97.17%11.15%
P/E Ratio-1.8711.5725.7625.29
Price / Sales0.2110.07459.5099.10
Price / Cash7.6324.0523.7151.44
Price / Book3.222.084.846.20
Net Income-$107.80M$624.60M$612.22M$358.50M
7 Day Performance-7.04%-0.61%-1.55%-2.35%
1 Month Performance-14.67%-5.85%-3.84%-2.77%
1 Year Performance-43.34%-13.41%6.35%7.64%

Forward Air Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
FWRD
Forward Air
2.5711 of 5 stars
$16.63
+1.3%
$28.00
+68.4%
-44.4%$519.28M$2.52BN/A6,062
FLX
BingEx
0.9089 of 5 stars
$1.98
+1.0%
N/A-51.3%$113.56M$570.86MN/A1,046
AIRT
Air T
1.3714 of 5 stars
$31.77
-1.2%
N/A+23.6%$86.22M$371.68M1.351,666
CRGO
Freightos
2.6909 of 5 stars
$1.28
-2.3%
$3.00
+134.4%
-61.7%$67.30M$29.46MN/A350
NCEW
New Century Logistics (BVI)
N/A$18.00
-1.1%
N/A+279.2%$58.21M$44.08MN/AN/A

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This page (NASDAQ:FWRD) was last updated on 9/12/2026 by MarketBeat.com Staff.
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