Forward Air (FWRD) Asset Utilization Ratio (2010 - 2026)
Forward Air's (FWRD) quarterly Asset Utilization Ratio came in at 0.91 in Q1 2026, little changed YoY from 0.91 in Q1 2025, and up 0.54% on a QoQ basis from 0.91 in Q4 2025.
Forward Air (FWRD) Asset Utilization Ratio (2010 - 2026) Analysis & Trends
Forward Air (FWRD) has 17 years of Asset Utilization Ratio data on file, last reported at 0.91 in Q1 2026.
- Quarterly Asset Utilization Ratio changed 0.21% year-over-year to 0.91 in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 0.91 (changed 0.21% YoY) and the FY2025 annual result came in at 0.9, up 5.6% from the prior year.
- Asset Utilization Ratio climbed to 0.91 in Q1 2026, from 0.91 in the prior quarter.
- In the past five years, Asset Utilization Ratio ranged from a high of 1.4 in Q4 2022 to a low of 0.45 in Q1 2024.
- A 5-year average of 0.98 and a median of 0.91 in 2025 frame the typical range for Asset Utilization Ratio.
- Annual changes were most pronounced in 2024 — Asset Utilization Ratio tumbled 66.66% — and 2025, when it soared 102.64%.
- Tracing FWRD's Asset Utilization Ratio over 5 years: stood at 1.4 in 2022, then sank by 53.15% to 0.66 in 2023, then increased by 28.49% to 0.84 in 2024, then advanced by 7.16% to 0.91 in 2025, then climbed by 0.54% to 0.91 in 2026.
- The last three Asset Utilization Ratio figures came in at 0.91 (Q1 2026), 0.91 (Q4 2025), and 0.9 (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | United Parcel Service | 87.24 Bn | 82.59 Bn | 19.65 Bn | 1.26 |
| 2 | Fedex | 77.35 Bn | 64.04 Bn | 18.84 Bn | 0.98 |
| 3 | Hunt J B Transport Services | 25.86 Bn | 25.86 Bn | - | 1.60 |
| 4 | Expeditors International Of Washington | 24.43 Bn | 23.40 Bn | 1.09 Bn | 2.37 |
| 5 | C. H. Robinson Worldwide | 17.04 Bn | 16.89 Bn | 1.11 Bn | 3.07 |
| 6 | ZTO Express (Cayman) | 17.03 Bn | 12.62 Bn | 469.01 Mn | 0.54 |
| 7 | Landstar System | 6.19 Bn | 5.84 Bn | 308.86 Mn | 2.98 |
| 8 | GXO Logistics | 5.22 Bn | 4.45 Bn | 508.00 Mn | 1.11 |
| 9 | Pitney Bowes | 2.21 Bn | 1.93 Bn | 296.14 Mn | 0.45 |
| 10 | Forward Air | 577.19 Mn | 437.74 Mn | 617.46 Mn | 0.99 |
Historic Data
Download 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 |