Forward Air (FWRD) Cash & Equivalents (2009 - 2026)
Forward Air (FWRD) recorded Cash & Equivalents of $139.45 million in Q2 2026, up 46.6% from $95.13 million a year earlier but down 1.1% from the prior quarter.
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Analysis
Forward Air (FWRD) Cash & Equivalents (2009 - 2026) Analysis & Trends
At the end of FY2025, Forward Air reported Cash & Equivalents of $106 million, up 1.0% from FY2024.
- Annual Cash & Equivalents has a five-year compound annual growth rate of 21.4% (FY2020 to FY2025).
- Across earlier years, Cash & Equivalents came in at $104.9 million in FY2024 (-14.0%), $121.97 million in FY2023 (+166.2%), $45.82 million in FY2022 (+22.8%) and $37.32 million in FY2021 (-7.3%).
- Quarterly Cash & Equivalents has ranged from $18.28 million in Q2 2023 to $152.04 million in Q1 2024 over the past five years.
- On a year-over-year basis, Cash & Equivalents has increased for five consecutive quarters, with growth averaging 83.9% over the last eight quarters.
- Peak year-over-year performance for Cash & Equivalents in the last five years was growth of 625.0% in Q3 2024, against a decline of 61.4% in Q2 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at $141.02 million (Q1 2026), $106 million (Q4 2025) and $140.35 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cash & Equiv. (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 165.28 Bn | 159.81 Bn | - | 1.61 Bn |
| 2 | Csx | 87.86 Bn | 84.08 Bn | - | 1.01 Bn |
| 3 | Canadian Pacific Kansas City | 75.56 Bn | 75.27 Bn | - | 264.59 Mn |
| 4 | Norfolk Southern | 71.27 Bn | 65.91 Bn | - | 1.07 Bn |
| 5 | United Parcel Service | 69.70 Bn | 46.62 Bn | - | 4.65 Bn |
| 6 | Fedex | 68.71 Bn | 34.65 Bn | - | 13.31 Bn |
| 7 | Delta Air Lines | 55.32 Bn | 37.50 Bn | - | 4.67 Bn |
| 8 | Old Dominion Freight Line | 37.44 Bn | 36.71 Bn | - | 283.94 Mn |
| 9 | United Airlines Holdings | 36.52 Bn | -19.85 Bn | - | 10.17 Bn |
| 10 | Forward Air | 536.74 Mn | 2.68 Mn | - | 139.45 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 139.45 Mn |
| Mar 31, 2026 | 141.02 Mn |
| Dec 31, 2025 | 106.00 Mn |
| Sep 30, 2025 | 140.35 Mn |
| Jun 30, 2025 | 95.13 Mn |
| Mar 31, 2025 | 116.31 Mn |
| Dec 31, 2024 | 104.90 Mn |
| Sep 30, 2024 | 136.62 Mn |
| Jun 30, 2024 | 84.89 Mn |
| Mar 31, 2024 | 152.04 Mn |
| Dec 31, 2023 | 121.97 Mn |
| Sep 30, 2023 | 18.84 Mn |
| Jun 30, 2023 | 18.28 Mn |
| Mar 31, 2023 | 32.03 Mn |
| Dec 31, 2022 | 45.82 Mn |
| Sep 30, 2022 | 46.85 Mn |
| Jun 30, 2022 | 47.39 Mn |
| Mar 31, 2022 | 61.63 Mn |
| Dec 31, 2021 | 37.32 Mn |
| Sep 30, 2021 | 51.93 Mn |
API Access
Forward Air Cash & Equivalents 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=cash-and-equivalents&ticker=FWRD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cash-and-equivalents", "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=cash-and-equivalents&ticker=FWRD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();