Growth Metrics

Forward Air (FWRD) Capital Leases (2016 - 2025)

Forward Air's Capital Leases history spans 17 years, with the latest figure at $22.4 million for Q4 2025.

  • For Q4 2025, Capital Leases fell 27.45% year-over-year to $22.4 million; the TTM value through Dec 2025 reached $22.4 million, down 27.45%, while the annual FY2025 figure was $22.4 million, 27.45% down from the prior year.
  • Capital Leases reached $22.4 million in Q4 2025 per FWRD's latest filing, down from $26.1 million in the prior quarter.
  • In the past five years, Capital Leases ranged from a high of $35.0 million in Q2 2024 to a low of $8.8 million in Q1 2022.
  • Average Capital Leases over 5 years is $23.1 million, with a median of $23.5 million recorded in 2023.
  • Peak YoY movement for Capital Leases: surged 118.06% in 2023, then decreased 27.45% in 2025.
  • A 5-year view of Capital Leases shows it stood at $9.6 million in 2021, then soared by 64.15% to $15.7 million in 2022, then soared by 70.17% to $26.7 million in 2023, then rose by 15.42% to $30.9 million in 2024, then fell by 27.45% to $22.4 million in 2025.
  • Per Business Quant, the three most recent readings for FWRD's Capital Leases are $22.4 million (Q4 2025), $26.1 million (Q3 2025), and $29.2 million (Q2 2025).