Forward Air (FWRD) Capital Leases (2009 - 2026)
Forward Air (FWRD) recorded Capital Leases of $16.8 million in Q2 2026, down 42.4% from $29.19 million a year earlier and down 10.9% from the prior quarter.
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Analysis
Forward Air (FWRD) Capital Leases (2009 - 2026) Analysis & Trends
At the end of FY2025, Forward Air reported Capital Leases of $22.39 million, down 27.5% from FY2024.
- Annual Capital Leases has a five-year compound annual growth rate of 34.9% (FY2020 to FY2025).
- Across earlier years, Capital Leases came in at $30.86 million in FY2024 (+15.4%), $26.74 million in FY2023 (+70.2%), $15.71 million in FY2022 (+64.2%) and $9.57 million in FY2021 (+91.0%).
- The Q2 2026 figure is the lowest quarterly Capital Leases since Q4 2022.
- On a year-over-year basis, Capital Leases has declined for five consecutive quarters, with an average decline of 12.0% over the last eight quarters.
- Peak year-over-year performance for Capital Leases in the last five years was growth of 118.1% in Q2 2023, against a decline of 45.1% in Q1 2026 at the low end.
- Per Business Quant, the preceding three quarters came in at $18.85 million (Q1 2026), $22.39 million (Q4 2025) and $26.09 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Union Pacific | 161.62 Bn | 156.15 Bn | - |
| 2 | Csx | 86.16 Bn | 82.37 Bn | - |
| 3 | Canadian Pacific Kansas City | 74.78 Bn | 74.50 Bn | - |
| 4 | United Parcel Service | 70.01 Bn | 46.94 Bn | - |
| 5 | Norfolk Southern | 69.45 Bn | 64.09 Bn | - |
| 6 | Fedex | 67.46 Bn | 33.40 Bn | - |
| 7 | Delta Air Lines | 54.88 Bn | 37.06 Bn | - |
| 8 | Old Dominion Freight Line | 36.07 Bn | 35.33 Bn | - |
| 9 | Ryanair Holdings | 28.71 Bn | 12.72 Bn | 3.13 Bn |
| 10 | Forward Air | 514.47 Mn | -19.58 Mn | - |
Historic Data
Download Data
Historic 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 |
API Access
Forward Air Capital Leases 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-leases&ticker=FWRD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "capital-leases", "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-leases&ticker=FWRD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();