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

Forward Air (FWRD) reported Capital Leases of $18.9 million for Q1 2026, down 45.09% on a YoY basis from $34.3 million in Q1 2025, and down 15.79% quarter-over-quarter from $22.4 million in Q4 2025.

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

Forward Air has reported Capital Leases for 18 years, with the latest figure at $18.9 million in Q1 2026.

  • For the quarter ending Q1 2026, Capital Leases fell 45.09% year-over-year to $18.9 million; the trailing twelve-month figure through Mar 2026 stood at $18.9 million (down 45.09% YoY), and the FY2025 full-year result was $22.4 million, down 27.45% from the prior year.
  • Capital Leases for Q1 2026 stood at $18.9 million, down from $22.4 million in the prior quarter.
  • The five-year high for Capital Leases was $35.0 million in Q2 2024, with the low at $8.8 million in Q1 2022.
  • Historically, Capital Leases has averaged $23.6 million across 5 years, with a median of $23.5 million in 2023.
  • Annual changes were most pronounced in 2023 — Capital Leases jumped 118.06% — and 2026, when it slumped 45.09%.
  • Forward Air's Capital Leases stood at $15.7 million in 2022, then jumped by 70.17% to $26.7 million in 2023, then gained by 15.42% to $30.9 million in 2024, then retreated by 27.45% to $22.4 million in 2025, then decreased by 15.79% to $18.9 million in 2026.
  • The last three Capital Leases figures came in at $18.9 million (Q1 2026), $22.4 million (Q4 2025), and $26.1 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 United Parcel Service 92.26 Bn 86.49 Bn 18.44 Bn
2 Fedex 78.12 Bn 66.43 Bn 20.49 Bn
3 Hunt J B Transport Services 26.94 Bn 26.93 Bn 2.88 Bn
4 C. H. Robinson Worldwide 22.05 Bn 21.89 Bn 1.50 Bn
5 Expeditors International Of Washington 21.79 Bn 20.48 Bn 2.84 Bn
6 Landstar System 7.42 Bn 7.01 Bn 1.16 Bn
7 GXO Logistics 5.58 Bn 4.83 Bn 490.00 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
10 Forward Air 326.09 Mn 226.34 Mn 526.45 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 18.85 Mn
Dec 31, 2025 22.39 Mn
Sep 30, 2025 26.09 Mn
Jun 30, 2025 29.19 Mn
Mar 31, 2025 34.33 Mn
Dec 31, 2024 30.86 Mn
Sep 30, 2024 32.73 Mn
Jun 30, 2024 34.96 Mn
Mar 31, 2024 34.31 Mn
Dec 31, 2023 26.74 Mn
Sep 30, 2023 23.39 Mn
Jun 30, 2023 23.46 Mn
Mar 31, 2023 18.33 Mn
Dec 31, 2022 15.71 Mn
Sep 30, 2022 11.13 Mn
Jun 30, 2022 10.76 Mn
Mar 31, 2022 8.77 Mn
Dec 31, 2021 9.57 Mn
Dec 31, 2020 5.01 Mn
Dec 31, 2019 4.91 Mn