Forward Air (FWRD) Capital Expenditures (2009 - 2026)
Forward Air's Capital Expenditures came in at $3.21 million for Q2 2026, down 32.3% from $4.74 million a year earlier and down 53.7% from the prior quarter.
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Analysis
Forward Air (FWRD) Capital Expenditures (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Forward Air reported Capital Expenditures of $22.63 million, down 34.1% year-over-year; for FY2025, it was $29.12 million, down 21.4% from FY2024.
- Capital Expenditures carries a five-year compound annual growth rate of 7.5% (FY2020 to FY2025).
- Going back by year, Capital Expenditures was $37.06 million in FY2024 (+20.6%), $30.73 million in FY2023 (-21.7%), $39.25 million in FY2022 (+2.3%) and $38.38 million in FY2021 (+89.3%).
- The Q2 2026 figure represents the lowest quarterly Capital Expenditures since Q1 2021.
- Year-over-year, Capital Expenditures increased in three of the last eight quarters, with growth averaging 1.9%.
- The fastest year-over-year change in Capital Expenditures over five years came in Q3 2021 (growth of 549.0%), and the weakest in Q2 2025 (a decline of 67.1%).
- Business Quant data shows FWRD's Capital Expenditures at $6.95 million (Q1 2026), $8.35 million (Q4 2025) and $4.12 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capex (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 162.83 Bn | 157.35 Bn | - | 873.00 Mn |
| 2 | Csx | 86.94 Bn | 83.15 Bn | - | 576.00 Mn |
| 3 | Canadian Pacific Kansas City | 76.07 Bn | 75.78 Bn | - | 547.98 Mn |
| 4 | United Parcel Service | 70.39 Bn | 47.31 Bn | - | 693.00 Mn |
| 5 | Norfolk Southern | 70.35 Bn | 64.99 Bn | - | 439.00 Mn |
| 6 | Fedex | 68.01 Bn | 33.95 Bn | - | 1.47 Bn |
| 7 | Delta Air Lines | 55.83 Bn | 38.01 Bn | - | -786.00 Mn |
| 8 | Old Dominion Freight Line | 36.82 Bn | 36.08 Bn | - | 77.04 Mn |
| 9 | Ryanair Holdings | 28.96 Bn | 12.97 Bn | 3.13 Bn | -551.77 Mn |
| 10 | Forward Air | 506.38 Mn | -27.68 Mn | - | 3.21 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 3.21 Mn |
| Mar 31, 2026 | 6.95 Mn |
| Dec 31, 2025 | 8.35 Mn |
| Sep 30, 2025 | 4.12 Mn |
| Jun 30, 2025 | 4.74 Mn |
| Mar 31, 2025 | 11.91 Mn |
| Dec 31, 2024 | 7.25 Mn |
| Sep 30, 2024 | 10.41 Mn |
| Jun 30, 2024 | 14.43 Mn |
| Mar 31, 2024 | 4.97 Mn |
| Dec 31, 2023 | 8.65 Mn |
| Sep 30, 2023 | 5.84 Mn |
| Jun 30, 2023 | 10.79 Mn |
| Mar 31, 2023 | 6.52 Mn |
| Dec 31, 2022 | 13.85 Mn |
| Sep 30, 2022 | 6.73 Mn |
| Jun 30, 2022 | 8.77 Mn |
| Mar 31, 2022 | 9.91 Mn |
| Dec 31, 2021 | 15.36 Mn |
| Sep 30, 2021 | 14.44 Mn |
API Access
Forward Air Capital Expenditures 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=capital-expenditures&ticker=FWRD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "capital-expenditures", "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=capital-expenditures&ticker=FWRD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();