Forward Air (FWRD) Capital Leases (2009 - 2026)
Forward Air's (FWRD) quarterly Capital Leases came in at $18.9 million in Q1 2026, down 45.09% YoY from $34.3 million in Q1 2025, and down 15.79% on a QoQ basis from $22.4 million in Q4 2025.
Forward Air (FWRD) Capital Leases (2009 - 2026) Analysis & Trends
Forward Air (FWRD) has 18 years of Capital Leases data on file, last reported at $18.9 million in Q1 2026.
- Quarterly Capital Leases fell 45.09% year-over-year to $18.9 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $18.9 million (down 45.09% YoY) and the FY2025 annual result came in at $22.4 million, down 27.45% from the prior year.
- Capital Leases declined to $18.9 million in Q1 2026, from $22.4 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.
- A 5-year average of $23.6 million and a median of $23.5 million in 2023 frame the typical range for Capital Leases.
- Annual changes were most pronounced in 2023 — Capital Leases jumped 118.06% — and 2026, when it slumped 45.09%.
- Tracing FWRD's Capital Leases over 5 years: 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | United Parcel Service | 86.89 Bn | 82.23 Bn | 19.65 Bn |
| 2 | Fedex | 77.23 Bn | 63.91 Bn | 18.84 Bn |
| 3 | Hunt J B Transport Services | 25.91 Bn | 25.90 Bn | - |
| 4 | Expeditors International Of Washington | 24.62 Bn | 23.58 Bn | 1.09 Bn |
| 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 |
| 7 | Landstar System | 6.33 Bn | 5.98 Bn | 308.86 Mn |
| 8 | GXO Logistics | 5.25 Bn | 4.48 Bn | 508.00 Mn |
| 9 | Pitney Bowes | 2.24 Bn | 1.96 Bn | 296.14 Mn |
| 10 | Forward Air | 588.72 Mn | 449.27 Mn | 617.46 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 16.80 Mn |
| 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 |