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| Date | Value |
|---|---|
| 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 |