Forward Air (FWRD) Asset Utilization Ratio (2010 - 2026)
Forward Air's (FWRD) Asset Utilization Ratio came in at 0.99 for Q2 2026, up 8.9% from 0.91 a year earlier and up 8.4% from the prior quarter.
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Analysis
Forward Air (FWRD) Asset Utilization Ratio (2010 - 2026) Analysis & Trends
For FY2025, Forward Air's Asset Utilization Ratio stood at 0.90, up 5.6% from FY2024.
- In prior years, Forward Air's Asset Utilization Ratio was 0.86 in FY2024 (+30.7%), 0.65 in FY2023 (-54.7%), 1.44 in FY2022 (+12.7%) and 1.28 in FY2021 (+2.9%).
- The Q2 2026 figure stands as the highest quarterly Asset Utilization Ratio since Q3 2023.
- On a year-over-year basis, Asset Utilization Ratio has increased in each of the last seven quarters, with growth averaging 25.4% over the last eight quarters.
- The strongest year-over-year quarter for Asset Utilization Ratio in the past five years was Q1 2025, with growth of 102.6%; the weakest was Q1 2024, with a decline of 66.7%.
- According to Business Quant data, Asset Utilization Ratio for the three prior quarters was 0.91 (Q1 2026), 0.91 (Q4 2025) and 0.90 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 162.83 Bn | 157.35 Bn | - | 0.36 |
| 2 | Csx | 86.94 Bn | 83.15 Bn | - | 0.33 |
| 3 | Canadian Pacific Kansas City | 76.07 Bn | 75.78 Bn | - | 0.17 |
| 4 | United Parcel Service | 70.39 Bn | 47.31 Bn | - | 1.26 |
| 5 | Norfolk Southern | 70.35 Bn | 64.99 Bn | - | 0.28 |
| 6 | Fedex | 68.01 Bn | 33.95 Bn | - | 0.98 |
| 7 | Delta Air Lines | 55.83 Bn | 38.01 Bn | - | 0.80 |
| 8 | Old Dominion Freight Line | 36.82 Bn | 36.08 Bn | - | 0.98 |
| 9 | Ryanair Holdings | 28.96 Bn | 12.97 Bn | 3.13 Bn | 0.82 |
| 10 | Forward Air | 506.38 Mn | -27.68 Mn | - | 0.99 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.99 |
| Mar 31, 2026 | 0.91 |
| Dec 31, 2025 | 0.91 |
| Sep 30, 2025 | 0.90 |
| Jun 30, 2025 | 0.91 |
| Mar 31, 2025 | 0.91 |
| Dec 31, 2024 | 0.84 |
| Sep 30, 2024 | 0.71 |
| Jun 30, 2024 | 0.53 |
| Mar 31, 2024 | 0.45 |
| Dec 31, 2023 | 0.66 |
| Sep 30, 2023 | 1.21 |
| Jun 30, 2023 | 1.27 |
| Mar 31, 2023 | 1.34 |
| Dec 31, 2022 | 1.40 |
| Sep 30, 2022 | 1.23 |
| Jun 30, 2022 | 1.22 |
| Mar 31, 2022 | 1.25 |
| Dec 31, 2021 | 1.27 |
| Sep 30, 2021 | 1.44 |
API Access
Forward Air Asset Utilization Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=asset-utilization-ratio&ticker=FWRD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "asset-utilization-ratio", "ticker": "FWRD", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=asset-utilization-ratio&ticker=FWRD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();