On this page of Benford's Law Stocks.com we present our study of FORWARD AIR CORP — ticker symbol FWRD. SEC filings have been screened by our Benford's Law software, for quarterly 10Q and annual 10K filings from 7/26/2019 to 5/15/2024 for FORWARD AIR CORP under CIK number 0000912728. For filings made in XBRL (eXtensible Business Reporting Language) format, our algorithm extracts all "tagged" numbers presented by the company; for any non-XBRL filings our algorithm uses its own interal set of rules to extract what it believes to be numbers as found throughout the filings. The format found for each filing is presented below together with the results for FWRD, with the percentage of found numbers beginning with each digit (1's, 2's, 3's, 4's, 5's, 6's, 7's, 8's, and 9's) charted against the "normal" range observed throughout our coverage universe, as well as the "normal" range for FORWARD AIR CORP based on the past FWRD filings our system processed in the past.
33.1
19.4
11.9
10.5
8.0
6.3
4.7
3.5
2.7
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
XBRL?   [ original filing, FWRD stockholder letter ]
Total numbers found: 599
Recent share count: 26,370,370 (2's column)

= Typical range across full coverage universe
Benford's Law Stocks Indicator
599
Normal count compared to other filers, falling within the middle 50%. At this number count, it would take about 6 numbers to move any given column by a full percentage point.
98

Starting from a possible score of 100, we made the following score deductions:
 • We deducted point upon observing the 9's percentage was below the typical coverage universe range.
 • We deducted point upon observing the 9's percentage was below the company's typical historical range.
Benford's Law Stocks Indicator
FWRD
High score compared to other filers, with FWRD falling in the highest 10% of filers.
FBIO
FMNB
GMGI
HBT
FHB
FUNC
GALT
HAIN
Check our work! We provide our FORWARD AIR CORP Benford's Law analysis for informational purposes only, and our software should be expected to make mistakes and contain errors (nothing you see on this website should be relied upon for any decision-making without first repeating the analysis yourself independently), and so below we present to you all of the numbers our system detected, for the FWRD filing above. This way, you can open the filing on your own and compare what you see below against what you yourself find. This can also be helpful for exploring any columns in particular that caught your eye.

1's 2's 3's
We found 198 numbers that start with the digit 1. Here they are:
152,042
121,969
153,267
1,539
1,098
1,790,500
111,552
1,379,180
145,141
127,032
1,264,428
134,789
130,646
118,955
12,645
1,664,107
1,790,500
13,270
177,806
15,000
10,000
1,210
151
1,332,438
145,171
128,867
12,372
12,881
13,258
112,947
107,144
18,350
10,937
1.28
1.37
1.27
1.37
151
12,372
1,567
1,038
1,098
1,857
1,091
16,397
10,910
17,802
17,514
1,815
1,565,242
1,569,452
12,247
1,326
158,726
13,362
1,779,803
13,794
1,779,803
13,794
1,952,073
1,779,803
13,794
172,270
152,042
172,270
1,936
151
151
1
1,567
1,567
1,326
1,326
100
1
1
1
151
1,332,438
105
1
1
12,873
1,263
100,499
16.5
100,499
13,270
1,543,003
181,570
1,062,729
1,100,474
156,408
14,606
133,673
154,345
141,720
136,986
1,100,474
1,100,474
141,720
136,986
1,100,474
1,379,180
1,500
1,062,729
1,147,748
1,316,643
1,409,569
118,993
1,500
127,032
15,243
1,449
1,417
18,109
134,236
145,141
16,501
1,217
1,217
137
133
104.87
13
17,293
105.88
116
14
115.17
129
19.15
1,644
14
16
179
1,045,000
1,675,357
11,250
1,664,107
11,275
100,000
100.000
104.750
102.375
100.000
109.5
101.000
1,125,000
1.00
1.00
150,000
150,000
150,000
150,000
19,834
11,867
172
13
185
129
1.28
1.37
1.27
1.37
112
12
18
181
18,350
10,937
17.1
153
13,270
13,270
13,270
110.00
14.0
103
105.38
1,349
10,000
10,000
1,000
1,000
100
12,542
12,612
13,677
1,277
14,271
18,109
19,498
1,262
1,522
11,203
176
11
We found 116 numbers that start with the digit 2. Here they are:
26,438,420
26,438,420
20,228
2,206
25,682
263,856
250,185
258,095
278,706
2,979,533
28,134
237,094
26,736
246,956
26,438,420
25,670,663
265
257
283,684
2,979,533
277,015
24,073
2,355
2,355
2,464
27,082
2.81
2.81
2.81
2.81
24
27,082
2,906
2,945
20,495
2,086
270
20,228
25,671
257
283,684
27,082
223,425
26,438
265
26,462
265
270,855
26,053
261
274,007
20,228
2,464
25
207,880
2,313,653
234,025
20,629
2,248,222
2,853,008
234,025
2,313,653
278,706
25,686
253,914
261,821
2,917
2,567
243
2,810
2,000
287
23
2
2.75
225,000
25,000
250,000
2,464
2,451
26,217
26,350
26,217
26,479
2.81
2.81
2.81
2.81
287
204
24.3
20
24
260,753
224,838
2,066
2,598
2,561
28,585
2,186
269,547
2,186
2,560
29,685
264,203
2,799,145
234,740
270,421
2,047,901
2,979,533
214,493
205,931
21,747
21,902
273,295
269,577
We found 71 numbers that start with the digit 3. Here they are:
33.33
33.33
33.33
39,604
3,644
351,813
39,512
347,028
327,706
334,262
3,959,260
34,306
3,959,260
357,709
38,803
31,786
310,513
33,904
36,368
36,368
36,368
36,368
36,368
33,904
31,786
32,028
32,028
32,028
33
36,368
36,368
3,149
3,149
3,175
3,313
35.0
32,795
359,493
35,639
35,200
370
360
33.46
39
302
360
38.46
350
339
36,092
3.50
3.25
3.75
3.25
340,000
30,000
30,000
300,000
33,904
36,368
33,732
395
38,926
39,381
3,586
357,709
30
37
3,518
3,959,260
37,055
4's 5's 6's
We found 63 numbers that start with the digit 4. Here they are:
4,299
45,430
44,344
444,841
45,536
47,144
42,200
4,435
417,282
480,320
406,367
43,306
47,196
40,753
41,412
44,841
4,169
4,970
4,562
45,000
4,292
4,852
4,884
45,822
480,320
4
433,449
4
417,282
406,367
436,124
4
40
4,292
4,292
474
411,365
40,046
42,509
42,510
433,449
41,436
42,509
42,510
48,916
44,010
418
44.41
45
40.000
400,000
4.50
4.25
4.25
4.50
4.75
400,000
450,000
480
474
4,970
47,196
41,744
We found 48 numbers that start with the digit 5. Here they are:
5,408
569,433
58,863
5,000,000
50,000,000
508,675
541,813
5,246
5,686
5,367
51,719
56,567
50,491
5,154
5,842
508,675
5
50,486
50,491
524
56,567
5,135
56,713
55,829
56,567
539,355
56,567
58,226
58,551
50
5.50
5.25
5.00
525,000
50,943
51,190
5,000
50,491
5,000
5,000
5,000
5,000
5,000
5,000
500
56,222
541,813
59
We found 38 numbers that start with the digit 6. Here they are:
62,948
66,647
607,545
65,732
668
61,712
61,863
60,839
6,519
61,271
60,591
6,345
61,712
656,881
6,349
6,345
685,633
69,357
66,044
604,786
643
623,813
6,407
6,539
62
61
6.00
61,712
61,712
60
60,231
65,732
6,668
6,308
6,343
6,519
661,183
661,270
7's 8's 9's
We found 28 numbers that start with the digit 7. Here they are:
73,461
71,727
71,598
764,261
764,261
7,104
764,261
700
7
707,244
78,260
738
75,292
738
701,600
7,988
76.83
73.02
77.93
750
7.62
725,000
725,000
75,000
73,579
74
70
7
We found 21 numbers that start with the digit 8. Here they are:
84,251
88,794
88,794
88,794
88,945
88,794
849
89
80,000
88,794
8,065
849
8,880
83.5
83
89.34
89.69
80,000
82
88,162
8,854
We found 16 numbers that start with the digit 9. Here they are:
93,645
926,071
9
94
98
98.36
99.84
91.33
90
96.10
9.5
9.5
98.0
96.0
9,013
958
While the above FWRD 10Q Filed 5/15/2024 is interesting in isolation, we have found that it is also useful to take a look at older FORWARD AIR CORP filings processed by our Benford's Law Stocks algorithm, to see how the company's filings "typically look" on a Benford's Law analysis. Below we repeat the 10Q Filed 5/15/2024 but instead of the chart comparing against the typical company across our coverage universe, below we show the same chart compared against the typical FWRD 10Q and 10K filings that we have processed historically. This is followed by similar charts for each of those historical filings.

33.1
19.4
11.9
10.5
8.0
6.3
4.7
3.5
2.7
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 98
XBRL?   [ original filing ]
Total numbers found: 599

= Typical FWRD range from 7/26/2019 to 5/15/2024
27.1
19.8
12.9
10.3
10.8
5.7
6.0
4.0
3.3
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 87
XBRL?   [ original filing ]
Total numbers found: 630

= Typical FWRD range from 7/26/2019 to 5/15/2024
26.1
23.6
11.6
8.8
9.8
7.7
3.8
4.2
4.3
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 78
XBRL?   [ original filing ]
Total numbers found: 783

= Typical FWRD range from 7/26/2019 to 5/15/2024
29.4
19.2
13.1
8.8
8.8
6.7
5.6
4.3
4.2
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 100
XBRL?   [ original filing ]
Total numbers found: 1,307

= Typical FWRD range from 7/26/2019 to 5/15/2024
26.7
23.4
13.6
7.5
10.0
6.8
3.6
3.8
4.7
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 78
XBRL?   [ original filing ]
Total numbers found: 559

= Typical FWRD range from 7/26/2019 to 5/15/2024
27.0
23.2
11.6
9.6
10.9
6.9
3.9
3.4
3.6
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 85
XBRL?   [ original filing ]
Total numbers found: 961

= Typical FWRD range from 7/26/2019 to 5/15/2024
25.7
24.1
11.2
10.1
8.9
6.3
7.1
3.5
3.2
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 88
XBRL?   [ original filing ]
Total numbers found: 869

= Typical FWRD range from 7/26/2019 to 5/15/2024
32.4
16.6
11.7
10.3
8.4
7.4
5.3
3.8
4.1
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 99
XBRL?   [ original filing ]
Total numbers found: 1,304

= Typical FWRD range from 7/26/2019 to 5/15/2024
28.5
20.2
12.6
10.7
11.5
7.0
4.6
2.2
2.8
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 77
XBRL?   [ original filing ]
Total numbers found: 460

= Typical FWRD range from 7/26/2019 to 5/15/2024
27.2
21.5
14.0
9.1
9.0
5.8
5.1
3.5
4.8
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 97
XBRL?   [ original filing ]
Total numbers found: 744

= Typical FWRD range from 7/26/2019 to 5/15/2024
25.8
22.8
12.3
8.0
10.1
6.9
4.6
4.9
4.5
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 85
XBRL?   [ original filing ]
Total numbers found: 871

= Typical FWRD range from 7/26/2019 to 5/15/2024
28.3
17.8
12.5
8.1
11.7
8.7
5.1
3.9
3.7
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 81
XBRL?   [ original filing ]
Total numbers found: 1,475

= Typical FWRD range from 7/26/2019 to 5/15/2024
26.1
22.9
12.5
8.2
11.8
8.0
3.4
4.8
2.3
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 70
XBRL?   [ original filing ]
Total numbers found: 560

= Typical FWRD range from 7/26/2019 to 5/15/2024
27.9
23.3
11.3
11.3
10.2
5.4
3.9
4.1
2.7
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 92
XBRL?   [ original filing ]
Total numbers found: 764

= Typical FWRD range from 7/26/2019 to 5/15/2024
26.0
21.2
12.6
9.7
10.4
7.2
5.2
3.3
4.3
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 88
XBRL?   [ original filing ]
Total numbers found: 692

= Typical FWRD range from 7/26/2019 to 5/15/2024
30.4
19.9
11.2
8.9
7.3
6.8
6.0
4.1
5.4
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 93
XBRL?   [ original filing ]
Total numbers found: 1,156

= Typical FWRD range from 7/26/2019 to 5/15/2024
28.9
24.3
11.3
8.9
7.4
6.8
3.8
2.8
5.8
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 82
XBRL?   [ original filing ]
Total numbers found: 530

= Typical FWRD range from 7/26/2019 to 5/15/2024
26.2
22.6
12.7
7.7
10.5
7.5
4.9
3.7
4.2
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 87
XBRL?   [ original filing ]
Total numbers found: 813

= Typical FWRD range from 7/26/2019 to 5/15/2024
25.5
23.8
11.3
9.0
10.7
6.6
5.8
3.9
3.3
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 93
XBRL?   [ original filing ]
Total numbers found: 1,017

= Typical FWRD range from 7/26/2019 to 5/15/2024
28.9
17.8
14.0
9.0
9.9
7.1
4.1
4.4
4.9
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 77
XBRL?   [ original filing ]
Total numbers found: 1,244

= Typical FWRD range from 7/26/2019 to 5/15/2024
 

Benford's Law FWRD Stock (FORWARD AIR CORP) | www.Benford'sLawStocks.com
Copyright © 2023 - 2024, All Rights Reserved

Nothing in BenfordsLawStocks.com is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy.