FWRD vs AIRJ
Comparison between Forward Air Corp (FWRD, Company) and Montana Technologies Corp Cl A (AIRJ, Company).
Both FWRD and AIRJ are from the Industrials sector.
FWRD vs AIRJ - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Market Cap
Winner
FWRD
$328M
AIRJ
$327M
Max Drawdown
FWRD
93.33%
Winner
AIRJ
87.38%
Sharpe Ratio
FWRD
-0.22
Winner
AIRJ
0.79
5Y Beta
FWRD
2.22
Winner
AIRJ
1.12
Industry
FWRD
Integrated Freight & Logistics
AIRJ
Building Products & Equipment
P/E Ratio
FWRD
-3.55
Winner
AIRJ
-4.25
Forward P/E
Winner
FWRD
19.92
AIRJ
33.67
PEG Ratio
FWRD
-0.22
AIRJ
N/A
5Y Dividends CAGR
FWRD
9.00%
AIRJ
N/A
Debt to Equity
FWRD
2086.71%
Winner
AIRJ
0.05%
Free Cash Flow Yield
Winner
FWRD
5.21%
AIRJ
-2.61%
P/S Ratio
FWRD
0.13
AIRJ
N/A
P/B Ratio
FWRD
4.05
Winner
AIRJ
1.27
FWRD vs AIRJ - Historical Returns
Returns include dividend reinvestment.
1M
FWRD
-52.18%
Winner
AIRJ
+74.52%
3M
FWRD
-59.89%
Winner
AIRJ
+61.18%
6M
FWRD
-59.22%
Winner
AIRJ
+97.12%
1Y
FWRD
-39.14%
Winner
AIRJ
+34.31%
5Y(CAGR)
FWRD
-35.64%
AIRJ
N/A
10Y(CAGR)
FWRD
-13.13%
AIRJ
N/A
Max(CAGR)
Winner
FWRD
+0.07%
AIRJ
-29.80%
FWRD vs AIRJ - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | FWRD | AIRJ |
|---|---|---|
| 2026 | -59.41% | +30.79% |
| 2025 | -21.53% | -50.63% |
| 2024 | -48.17% | -33.63% |
| 2023 | -39.21% | N/A |
| 2022 | -12.25% | N/A |
| 2021 | +60.31% | N/A |
| 2020 | +11.67% | N/A |
| 2019 | +29.03% | N/A |
| 2018 | -4.04% | N/A |
| 2017 | +20.02% | N/A |
| 2016 | +12.01% | N/A |
| 2015 | -12.64% | N/A |
| 2014 | +17.83% | N/A |
| 2013 | +23.47% | N/A |
| 2012 | +6.72% | N/A |
| 2011 | +12.79% | N/A |
| 2010 | +12.36% | N/A |
| 2009 | +4.27% | N/A |
| 2008 | -18.78% | N/A |
| 2007 | +3.58% | N/A |
| 2006 | -19.43% | N/A |
| 2005 | +23.03% | N/A |
| 2004 | +58.12% | N/A |
| 2003 | +37.16% | N/A |
| 2002 | -42.51% | N/A |
| 2001 | -7.83% | N/A |
| 2000 | +31.28% | N/A |
| 1999 | +57.75% | N/A |
FWRD vs AIRJ Drawdown Comparison
The maximum drawdown for FWRD was -93.19%, occurring on May 19, 2026. This drawdown has not yet recovered.
The maximum drawdown for AIRJ was -87.38%, occurring on Mar 31, 2026. This drawdown has not yet recovered.
The current FWRD drawdown is -91.64%. The current AIRJ drawdown is -72.45%.
| Rank | FWRD | AIRJ |
|---|---|---|
| #1 | -93.19% Jan 4, 2022 - May 19, 2026 | -87.38% May 28, 2024 - Mar 31, 2026 |
| #2 | -66.93% Jul 6, 2006 - Jul 9, 2013 | -17.17% Mar 15, 2024 - Apr 25, 2024 |
| #3 | -65.25% Aug 1, 2000 - Jul 22, 2005 | -13.35% Apr 25, 2024 - May 8, 2024 |
| #4 | -42.77% Jan 16, 2020 - Nov 9, 2020 | -4.02% May 10, 2024 - May 17, 2024 |
| #5 | -36.22% Mar 20, 2015 - Sep 27, 2017 | -1.96% May 21, 2024 - May 23, 2024 |
| #6 | -36.00% Feb 8, 2000 - Apr 19, 2000 | -1.81% May 17, 2024 - May 21, 2024 |
| #7 | -27.94% Oct 1, 2018 - Oct 28, 2019 | N/A |
| #8 | -17.96% Jan 19, 2018 - Jun 20, 2018 | N/A |
| #9 | -17.89% May 7, 2021 - Oct 29, 2021 | N/A |
| #10 | -17.39% Jan 6, 2000 - Feb 8, 2000 | N/A |
| #11 | -14.97% May 3, 2000 - Jun 27, 2000 | N/A |
| #12 | -14.24% Nov 22, 2005 - Jun 30, 2006 | N/A |
| #13 | -12.14% Jan 20, 2021 - Feb 9, 2021 | N/A |
| #14 | -11.72% Nov 18, 1999 - Dec 7, 1999 | N/A |
| #15 | -11.49% Dec 30, 2014 - Feb 10, 2015 | N/A |
Correlation
Correlation between FWRD and AIRJ is 0.10 which considered as a very weak or no correlation - the stocks move independently of each other.
0.10
-101
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