Forward Air (FWRD) Capital Expenditures (2009 - 2026)

Forward Air (FWRD) reported Capital Expenditures of $6.9 million for Q1 2026, down 41.66% on a YoY basis from $11.9 million in Q1 2025, and down 16.82% quarter-over-quarter from $8.4 million in Q4 2025.

Forward Air (FWRD) Capital Expenditures (2009 - 2026) Analysis & Trends

Forward Air has reported Capital Expenditures for 18 years, with the latest figure at $6.9 million in Q1 2026.

  • For the quarter ending Q1 2026, Capital Expenditures fell 41.66% year-over-year to $6.9 million; the trailing twelve-month figure through Mar 2026 stood at $24.2 million (down 45.1% YoY), and the FY2025 full-year result was $29.1 million, down 21.44% from the prior year.
  • Capital Expenditures for Q1 2026 stood at $6.9 million, down from $8.4 million in the prior quarter.
  • The five-year high for Capital Expenditures was $14.4 million in Q2 2024, with the low at $4.1 million in Q3 2025.
  • Historically, Capital Expenditures has averaged $8.5 million across 5 years, with a median of $8.4 million in 2025.
  • Annual changes were most pronounced in 2022 — Capital Expenditures soared 267.64% — and 2025, when it slumped 67.11%.
  • Forward Air's Capital Expenditures stood at $13.9 million in 2022, then sank by 37.59% to $8.6 million in 2023, then retreated by 16.14% to $7.2 million in 2024, then gained by 15.19% to $8.4 million in 2025, then dropped by 16.82% to $6.9 million in 2026.
  • The last three Capital Expenditures figures came in at $6.9 million (Q1 2026), $8.4 million (Q4 2025), and $4.1 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Capital Expenditures (Qtr)
1 United Parcel Service 92.26 Bn 86.49 Bn 18.44 Bn 1.03 Bn
2 Fedex 78.12 Bn 66.43 Bn 20.49 Bn 955.00 Mn
3 Hunt J B Transport Services 26.94 Bn 26.93 Bn 2.88 Bn 20.69 Mn
4 C. H. Robinson Worldwide 22.05 Bn 21.89 Bn 1.50 Bn 2.64 Mn
5 Expeditors International Of Washington 21.79 Bn 20.48 Bn 2.84 Bn 12.98 Mn
6 Landstar System 7.42 Bn 7.01 Bn 1.16 Bn 5.81 Mn
7 GXO Logistics 5.58 Bn 4.83 Bn 490.00 Mn 65.00 Mn
8 ZTO Express (Cayman) 2.73 Bn -774.03 Mn 469.01 Mn -
9 Pitney Bowes 2.47 Bn 2.16 Bn 375.39 Mn 15.85 Mn
10 Forward Air 326.09 Mn 226.34 Mn 526.45 Mn 6.95 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 6.95 Mn
Mar 31, 2026 6.95 Mn
Dec 31, 2025 8.35 Mn
Dec 31, 2025 8.35 Mn
Sep 30, 2025 4.12 Mn
Sep 30, 2025 4.12 Mn
Jun 30, 2025 4.74 Mn
Jun 30, 2025 4.74 Mn
Mar 31, 2025 11.91 Mn
Mar 31, 2025 11.91 Mn
Dec 31, 2024 7.25 Mn
Dec 31, 2024 7.25 Mn
Sep 30, 2024 10.41 Mn
Sep 30, 2024 10.41 Mn
Jun 30, 2024 14.43 Mn
Jun 30, 2024 14.43 Mn
Mar 31, 2024 4.97 Mn
Mar 31, 2024 4.97 Mn
Dec 31, 2023 8.65 Mn
Dec 31, 2023 8.65 Mn