Forward Air (FWRD) Change in Cash (2009 - 2026)
Forward Air's (FWRD) quarterly Change in Cash came in at $35.0 million in Q1 2026, up 207.03% YoY from $11.4 million in Q1 2025, and up 201.94% on a QoQ basis from -$34.4 million in Q4 2025.
Forward Air (FWRD) Change in Cash (2009 - 2026) Analysis & Trends
Forward Air (FWRD) has 18 years of Change in Cash data on file, last reported at $35.0 million in Q1 2026.
- Quarterly Change in Cash rose 207.03% year-over-year to $35.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $24.3 million (up 143.79% YoY) and the FY2025 annual result came in at $730000.0, up 100.04% from the prior year.
- Change in Cash rose to $35.0 million in Q1 2026, from -$34.4 million in the prior quarter.
- In the past five years, Change in Cash ranged from a high of $1.9 billion in Q4 2023 to a low of -$1.8 billion in Q1 2024.
- A 5-year average of $6.1 million and a median of -$1.0 million in 2022 frame the typical range for Change in Cash.
- Annual changes were most pronounced in 2023 — Change in Cash soared 188891.99% — and 2024, when it slumped 12802.73%.
- Tracing FWRD's Change in Cash over 5 years: stood at -$1.0 million in 2022, then soared by 188891.99% to $1.9 billion in 2023, then tumbled by 101.7% to -$32.9 million in 2024, then fell by 4.46% to -$34.4 million in 2025, then jumped by 201.94% to $35.0 million in 2026.
- The last three Change in Cash figures came in at $35.0 million (Q1 2026), -$34.4 million (Q4 2025), and $45.0 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Cash (Qtr) |
|---|---|---|---|---|---|
| 1 | United Parcel Service | 86.89 Bn | 82.23 Bn | 19.65 Bn | -1.15 Bn |
| 2 | Fedex | 77.23 Bn | 63.91 Bn | 18.84 Bn | 1.62 Bn |
| 3 | Hunt J B Transport Services | 25.91 Bn | 25.90 Bn | - | -401,000.00 |
| 4 | Expeditors International Of Washington | 24.62 Bn | 23.58 Bn | 1.09 Bn | -285.05 Mn |
| 5 | ZTO Express (Cayman) | 17.03 Bn | 12.62 Bn | 469.01 Mn | 202.29 Mn |
| 6 | C. H. Robinson Worldwide | 16.77 Bn | 16.62 Bn | 1.11 Bn | -5.08 Mn |
| 7 | Landstar System | 6.33 Bn | 5.98 Bn | 308.86 Mn | -59.08 Mn |
| 8 | GXO Logistics | 5.25 Bn | 4.48 Bn | 508.00 Mn | -24.00 Mn |
| 9 | Pitney Bowes | 2.24 Bn | 1.96 Bn | 296.14 Mn | -36.04 Mn |
| 10 | Forward Air | 588.72 Mn | 449.27 Mn | 617.46 Mn | -1.57 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -1.57 Mn |
| Mar 31, 2026 | 35.03 Mn |
| Dec 31, 2025 | -34.36 Mn |
| Sep 30, 2025 | 45.05 Mn |
| Jun 30, 2025 | -21.37 Mn |
| Mar 31, 2025 | 11.41 Mn |
| Dec 31, 2024 | -32.89 Mn |
| Sep 30, 2024 | 33.50 Mn |
| Jun 30, 2024 | -67.62 Mn |
| Mar 31, 2024 | -1.78 Bn |
| Dec 31, 2023 | 1.93 Bn |
| Sep 30, 2023 | 562,000.00 |
| Jun 30, 2023 | -13.75 Mn |
| Mar 31, 2023 | -13.79 Mn |
| Dec 31, 2022 | -1.02 Mn |
| Sep 30, 2022 | -540,000.00 |
| Jun 30, 2022 | -14.24 Mn |
| Mar 31, 2022 | 24.31 Mn |
| Dec 31, 2021 | -14.61 Mn |
| Sep 30, 2021 | 1.09 Mn |