FWRD vs MTLS

Comparison between Forward Air Corp (FWRD, Company) and Materialise Nv (MTLS, Company).

FWRD is from the Industrials sector, while MTLS is from the Technology sector.

5-Year PerformanceMTLS has outperformed FWRD, delivering a return of -21.9% compared to -31.5%

FWRD vs MTLS - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FWRD(COMPANY)	MTLS(COMPANY)
Market Cap	$387M	$386M
Max Drawdown	93.33%	94.84%
Sharpe Ratio	-0.06	0.45
5Y Beta	2.18	1.20
Industry	Integrated Freight & Logistics	Software - Application
P/E Ratio	-4.19	31.82
Forward P/E	19.92	625.00
PEG Ratio	-0.26	1.46
5Y Dividends CAGR	9.00%	N/A
Debt to Equity	2086.71%	23.52%
Free Cash Flow Yield	4.41%	2.04%
P/S Ratio	0.15	1.44
P/B Ratio	4.54	1.31

Market Cap

Winner

FWRD

$387M

MTLS

$386M

Max Drawdown

Winner

FWRD

93.33%

MTLS

94.84%

Sharpe Ratio

FWRD

-0.06

Winner

MTLS

0.45

5Y Beta

FWRD

2.18

Winner

MTLS

1.20

Industry

FWRD

Integrated Freight & Logistics

MTLS

Software - Application

P/E Ratio

Winner

FWRD

-4.19

MTLS

31.82

Forward P/E

Winner

FWRD

19.92

MTLS

625.00

PEG Ratio

Winner

FWRD

-0.26

MTLS

1.46

5Y Dividends CAGR

FWRD

9.00%

MTLS

N/A

Debt to Equity

FWRD

2086.71%

Winner

MTLS

23.52%

Free Cash Flow Yield

Winner

FWRD

4.41%

MTLS

2.04%

P/S Ratio

Winner

FWRD

0.15

MTLS

1.44

P/B Ratio

FWRD

4.54

Winner

MTLS

1.31

FWRD vs MTLS - Historical Returns

Returns include dividend reinvestment.

Period	FWRD	MTLS
1 month	+45.13%	+14.83%
3 months	-19.53%	+22.88%
6 months	-47.66%	+17.25%
1 year	-34.66%	+19.57%
5 years(CAGR)	-31.48%	-21.93%
10 years(CAGR)	-10.79%	-0.37%
Max(CAGR)	+1.08%	-4.50%

Winner

FWRD

+45.13%

MTLS

+14.83%

FWRD

-19.53%

Winner

MTLS

+22.88%

FWRD

-47.66%

Winner

MTLS

+17.25%

FWRD

-34.66%

Winner

MTLS

+19.57%

5Y(CAGR)

FWRD

-31.48%

Winner

MTLS

-21.93%

10Y(CAGR)

FWRD

-10.79%

Winner

MTLS

-0.37%

Max(CAGR)

Winner

FWRD

+1.08%

MTLS

-4.50%

FWRD vs MTLS - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	FWRD	MTLS
2026	-46.96%	+22.20%
2025	-21.53%	-21.72%
2024	-48.17%	+11.92%
2023	-39.21%	-23.93%
2022	-12.25%	-64.07%
2021	+60.31%	-56.24%
2020	+11.67%	+191.30%
2019	+29.03%	-8.72%
2018	-4.04%	+61.53%
2017	+20.02%	+65.49%
2016	+12.01%	+9.09%
2015	-12.64%	-26.23%
2014	+17.83%	-17.58%
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 MTLS 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 MTLS was -94.84%, occurring on Apr 7, 2025. This drawdown has not yet recovered.

The current FWRD drawdown is -89.07%. The current MTLS drawdown is -91.74%.

Rank	FWRD	MTLS
#1	-93.19% Jan 4, 2022 - May 19, 2026	-94.84% Feb 9, 2021 - Apr 7, 2025
#2	-66.93% Jul 6, 2006 - Jul 9, 2013	-62.79% Jul 7, 2014 - Jul 25, 2017
#3	-65.25% Aug 1, 2000 - Jul 22, 2005	-44.89% Jan 9, 2019 - Apr 29, 2020
#4	-42.77% Jan 16, 2020 - Nov 9, 2020	-37.29% Oct 14, 2020 - Dec 22, 2020
#5	-36.22% Mar 20, 2015 - Sep 27, 2017	-30.33% Oct 16, 2017 - Dec 18, 2018
#6	-36.00% Feb 8, 2000 - Apr 19, 2000	-28.50% Sep 2, 2020 - Oct 9, 2020
#7	-27.94% Oct 1, 2018 - Oct 28, 2019	-23.77% Jun 10, 2020 - Jul 21, 2020
#8	-17.96% Jan 19, 2018 - Jun 20, 2018	-21.51% Jul 21, 2020 - Aug 21, 2020
#9	-17.89% May 7, 2021 - Oct 29, 2021	-18.53% Jul 25, 2017 - Oct 5, 2017
#10	-17.39% Jan 6, 2000 - Feb 8, 2000	-15.91% Apr 29, 2020 - May 20, 2020
#11	-14.97% May 3, 2000 - Jun 27, 2000	-15.36% Dec 23, 2020 - Jan 6, 2021
#12	-14.24% Nov 22, 2005 - Jun 30, 2006	-12.51% Jan 19, 2021 - Feb 8, 2021
#13	-12.14% Jan 20, 2021 - Feb 9, 2021	-8.93% Jan 8, 2021 - Jan 14, 2021
#14	-11.72% Nov 18, 1999 - Dec 7, 1999	-8.63% Jan 14, 2021 - Jan 19, 2021
#15	-11.49% Dec 30, 2014 - Feb 10, 2015	-7.28% May 26, 2020 - Jun 1, 2020