Forward Air (FWRD) Capital Expenditures (2009 - 2026)
Forward Air's (FWRD) quarterly Capital Expenditures came in at $6.9 million in Q1 2026, down 41.66% YoY from $11.9 million in Q1 2025, and down 16.82% on a QoQ basis from $8.4 million in Q4 2025.
Forward Air (FWRD) Capital Expenditures (2009 - 2026) Analysis & Trends
Forward Air (FWRD) has 18 years of Capital Expenditures data on file, last reported at $6.9 million in Q1 2026.
- Quarterly Capital Expenditures fell 41.66% year-over-year to $6.9 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $24.2 million (down 45.1% YoY) and the FY2025 annual result came in at $29.1 million, down 21.44% from the prior year.
- Capital Expenditures declined to $6.9 million in Q1 2026, from $8.4 million in the prior quarter.
- In the past five years, Capital Expenditures ranged from a high of $14.4 million in Q2 2024 to a low of $4.1 million in Q3 2025.
- A 5-year average of $8.5 million and a median of $8.4 million in 2025 frame the typical range for Capital Expenditures.
- Annual changes were most pronounced in 2022 — Capital Expenditures soared 267.64% — and 2025, when it slumped 67.11%.
- Tracing FWRD's Capital Expenditures over 5 years: 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capex (Qtr) |
|---|---|---|---|---|---|
| 1 | United Parcel Service | 86.89 Bn | 82.23 Bn | 19.65 Bn | 693.00 Mn |
| 2 | Fedex | 77.23 Bn | 63.91 Bn | 18.84 Bn | 1.47 Bn |
| 3 | Hunt J B Transport Services | 25.91 Bn | 25.90 Bn | - | 116.90 Mn |
| 4 | Expeditors International Of Washington | 24.62 Bn | 23.58 Bn | 1.09 Bn | 11.99 Mn |
| 5 | ZTO Express (Cayman) | 17.03 Bn | 12.62 Bn | 469.01 Mn | - |
| 6 | C. H. Robinson Worldwide | 16.77 Bn | 16.62 Bn | 1.11 Bn | 13.26 Mn |
| 7 | Landstar System | 6.33 Bn | 5.98 Bn | 308.86 Mn | 2.90 Mn |
| 8 | GXO Logistics | 5.25 Bn | 4.48 Bn | 508.00 Mn | 65.00 Mn |
| 9 | Pitney Bowes | 2.24 Bn | 1.96 Bn | 296.14 Mn | 18.49 Mn |
| 10 | Forward Air | 588.72 Mn | 449.27 Mn | 617.46 Mn | 3.21 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 3.21 Mn |
| Jun 30, 2026 | 3.21 Mn |
| 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 |