Forward Air (FWRD) Change in Cash (2009 - 2026)
Forward Air (FWRD) reported Change in Cash of $35.0 million for Q1 2026, up 207.03% on a YoY basis from $11.4 million in Q1 2025, and up 201.94% quarter-over-quarter from -$34.4 million in Q4 2025.
Forward Air (FWRD) Change in Cash (2009 - 2026) Analysis & Trends
Forward Air has reported Change in Cash for 18 years, with the latest figure at $35.0 million in Q1 2026.
- For the quarter ending Q1 2026, Change in Cash rose 207.03% year-over-year to $35.0 million; the trailing twelve-month figure through Mar 2026 stood at $24.3 million (up 149.48% YoY), and the FY2025 full-year result was $730000.0, up 100.04% from the prior year.
- Change in Cash for Q1 2026 stood at $35.0 million, up from -$34.4 million in the prior quarter.
- The five-year high for Change in Cash was $1.9 billion in Q4 2023, with the low at -$1.8 billion in Q1 2024.
- Historically, Change in Cash has averaged $6.5 million across 5 years, with a median of -$1.0 million in 2022.
- Annual changes were most pronounced in 2023 — Change in Cash soared 188891.99% — and 2024, when it slumped 12802.73%.
- Forward Air's Change in Cash stood at -$1.0 million in 2022, then soared by 188891.99% to $1.9 billion in 2023, then tumbled by 101.37% to -$26.5 million in 2024, then declined by 29.64% 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 | 92.26 Bn | 86.49 Bn | 18.44 Bn | -85.00 Mn |
| 2 | Fedex | 78.12 Bn | 66.43 Bn | 20.49 Bn | 5.12 Bn |
| 3 | Hunt J B Transport Services | 26.94 Bn | 26.93 Bn | 2.88 Bn | -12.72 Mn |
| 4 | C. H. Robinson Worldwide | 22.05 Bn | 21.89 Bn | 1.50 Bn | -1.21 Mn |
| 5 | Expeditors International Of Washington | 21.79 Bn | 20.48 Bn | 2.84 Bn | 124.12 Mn |
| 6 | Landstar System | 7.42 Bn | 7.01 Bn | 1.16 Bn | -43.44 Mn |
| 7 | GXO Logistics | 5.58 Bn | 4.83 Bn | 490.00 Mn | -60.00 Mn |
| 8 | ZTO Express (Cayman) | 2.73 Bn | -774.03 Mn | 469.01 Mn | 202.29 Mn |
| 9 | Pitney Bowes | 2.47 Bn | 2.16 Bn | 375.39 Mn | 17.99 Mn |
| 10 | Forward Air | 326.09 Mn | 226.34 Mn | 526.45 Mn | 35.03 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 | -26.50 Mn |
| Sep 30, 2024 | 28.63 Mn |
| Jun 30, 2024 | -62.74 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 |
| Jun 30, 2021 | 26.45 Mn |