Forward Air (FWRD) Assets (2009 - 2026)
Forward Air's Assets came in at $2.41 billion for Q2 2026, down 12.7% from $2.76 billion a year earlier and down 10.6% from the prior quarter.
Powered by 
Analysis
Forward Air (FWRD) Assets (2009 - 2026) Analysis & Trends
At the end of FY2025, Forward Air's Assets was $2.72 billion, down 3.0% from FY2024.
- Assets carries a five-year compound annual growth rate of 21.0% (FY2020 to FY2025).
- Going back by year, Assets was $2.8 billion in FY2024 (-5.9%), $2.98 billion in FY2023 (+146.6%), $1.21 billion in FY2022 (+8.1%) and $1.12 billion in FY2021 (+6.7%).
- The Q2 2026 figure represents the lowest quarterly Assets since Q3 2023.
- Year-over-year, Assets has declined for seven consecutive quarters, with growth averaging 10.4% over the last eight quarters.
- The fastest year-over-year change in Assets over five years came in Q1 2024 (growth of 222.8%), and the weakest in Q1 2025 (a decline of 29.2%).
- Business Quant data shows FWRD's Assets at $2.7 billion (Q1 2026), $2.72 billion (Q4 2025) and $2.79 billion (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Assets (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 162.85 Bn | 157.37 Bn | - | 71.21 Bn |
| 2 | Csx | 86.62 Bn | 82.84 Bn | - | 44.73 Bn |
| 3 | Canadian Pacific Kansas City | 76.11 Bn | 75.83 Bn | - | 64.54 Bn |
| 4 | United Parcel Service | 70.66 Bn | 47.58 Bn | - | 71.27 Bn |
| 5 | Norfolk Southern | 70.32 Bn | 64.96 Bn | - | 45.12 Bn |
| 6 | Fedex | 68.53 Bn | 34.48 Bn | - | 98.94 Bn |
| 7 | Delta Air Lines | 55.25 Bn | 37.43 Bn | - | 86.32 Bn |
| 8 | Old Dominion Freight Line | 36.69 Bn | 35.95 Bn | - | 5.74 Bn |
| 9 | Ryanair Holdings | 28.78 Bn | 12.78 Bn | 3.13 Bn | 21.11 Bn |
| 10 | Forward Air | 515.15 Mn | -18.91 Mn | - | 2.41 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.41 Bn |
| Mar 31, 2026 | 2.70 Bn |
| Dec 31, 2025 | 2.72 Bn |
| Sep 30, 2025 | 2.79 Bn |
| Jun 30, 2025 | 2.76 Bn |
| Mar 31, 2025 | 2.80 Bn |
| Dec 31, 2024 | 2.80 Bn |
| Sep 30, 2024 | 3.06 Bn |
| Jun 30, 2024 | 3.07 Bn |
| Mar 31, 2024 | 3.96 Bn |
| Dec 31, 2023 | 2.98 Bn |
| Sep 30, 2023 | 1.19 Bn |
| Jun 30, 2023 | 1.18 Bn |
| Mar 31, 2023 | 1.23 Bn |
| Dec 31, 2022 | 1.21 Bn |
| Sep 30, 2022 | 1.19 Bn |
| Jun 30, 2022 | 1.20 Bn |
| Mar 31, 2022 | 1.17 Bn |
| Dec 31, 2021 | 1.12 Bn |
| Sep 30, 2021 | 1.07 Bn |
API Access
Forward Air Assets 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=assets&ticker=FWRD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "assets", "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=assets&ticker=FWRD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();